Financial news on March 4th, 2010

Business and Financial news
A Leader of G.M. Is to Retire

Robert A. Lutz, 78, who had said earlier that he had not plans to leave, now says he is ready to retire. Read more..

By NICK BUNKLEY - The New York Times

A Plan to Send Flight Data Somewhere Off the Plane

Investigators want an aviation group to consider a requirement that airlines send flight information to a receiver other than the black boxes. Read more..


As Use of Metal-on-Metal Hip Implants Grows, Studies Raise Concerns

Researchers estimated that within five years of an implant, 1 percent of all resurfacing patients could experience damage to soft tissue. Read more..

By BARRY MEIER - The New York Times

Beware: Activists Are on the Hunt

Easy pickings from the credit bubble’s bursting may be gone, but the activist shareholders remain a formidable bunch. Read more..

By ROBERT CYRAN - The New York Times

F.D.A. Cracks Down on Nestlé and Others Over Health Claims on Labels

Warning letters went out over claims about Gerber baby food, Juicy Juice, Dreyer’s ice cream, POM pomegranate juice and Gorton’s fish fillets. Read more..

By WILLIAM NEUMAN - The New York Times

Fixing the Wi-Fi on iPod Touch

The icon on my iPod Touch shows that I’m connected to my home wireless network, but I can’t open Web pages or do e-mail. What do I do? Read more..

By J. D. BIERSDORFER - The New York Times

Leather Seats and Computer Navigation Enhance Small Vehicles of Desire

Carmakers are increasingly rolling out small, stylish cars with accoutrements normally found in high-end vehicles. Read more..

By JACK EWING - International Herald Tribune

Peugeot Will Not Take a Stake in Mitsubishi

The French and Japanese carmakers said that they will continue seeking ways to cooperate. Read more..

By DAVID JOLLY - International Herald Tribune

Strain on HTC From Apple Suit Is Likely to Be Long-Term

Apple’s patent suit against HTC will not cause major problems for the Taiwan technology company in the short term, analysts said. But it could strain its relations with partners in the U.S. market. Read more..

By JONATHAN ADAMS - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.0316.1615.9716.1147.1M
Cisco SystemsCSCO24.8424.9824.6624.9540.3M
Wells Fargo & Co.WFC28.3528.5728.2128.4330.9M
AT&T Inc.T24.8925.0024.8024.9628.7M
JPMorgan ChaseJPM41.9142.0841.6641.9225.5M
Walt Disney & Co.DIS32.0032.8531.9332.5723.1M
Oracle Corp.ORCL24.4724.8624.2824.7620.9M
UnitedHealth GroupUNH34.1034.1032.4232.9517.4M
Bristol-Myers SquibbBMY24.3824.4924.3424.4714.2M
Verizon CommunicationsVZ29.1329.4229.1029.2714M
Home DepotHD31.4731.5831.3031.4413.8M
Abbott LaboratoriesABT54.0854.5053.9154.0813.3M
Wal-Mart StoresWMT54.0254.0953.7553.9611.2M
Gilead SciencesGILD47.3747.4146.7347.069.95M
Procter & GamblePG63.5564.1563.4163.678.6M
Berkshire HathawayBRK.B83.1083.3382.4282.688.27M
HP Inc.HPQ51.1051.5751.0451.518.08M
Johnson & JohnsonJNJ63.4063.7063.3763.578.07M
International Business MachinesIBM126.88127.07125.47126.726.03M
United TechnologiesUTX69.6670.7969.6470.375.65M
Union PacificUNP67.2168.4067.0568.063.31M
Exchange Rates of March 4th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.030 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.031 CAD1 CAD = 0.970 USD
US DollarSwiss Franc1 USD = 1.077 CHF1 CHF = 0.929 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 120.900 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.903 GBP1 GBP = 1.107 EUR
EuroAustralian Dollar1 EUR = 1.509 AUD1 AUD = 0.663 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.714 EUR
EuroSwiss Franc1 EUR = 1.463 CHF1 CHF = 0.684 EUR
EuroChinese Yuan1 EUR = 9.271 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.747 GBP1 GBP = 1.339 JPY
Japanese YenAustralian Dollar1 JPY = 1.247 AUD1 AUD = 0.802 JPY
Japanese YenCanadian Dollar1 JPY = 1.158 CAD1 CAD = 0.863 JPY
Japanese YenSwiss Franc1 JPY = 1.210 CHF1 CHF = 0.827 JPY
Pound SterlingAustralian Dollar1 GBP = 1.670 AUD1 AUD = 0.599 GBP
Pound SterlingCanadian Dollar1 GBP = 1.550 CAD1 CAD = 0.645 GBP
Pound SterlingSwiss Franc1 GBP = 1.619 CHF1 CHF = 0.618 GBP
Pound SterlingChinese Yuan1 GBP = 10.253 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.928 CAD1 CAD = 1.077 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.032 AUD
Australian DollarChinese Yuan1 AUD = 6.148 CNY1 CNY = 0.163 AUD
Canadian DollarSwiss Franc1 CAD = 1.044 CHF1 CHF = 0.958 CAD
Canadian DollarChinese Yuan1 CAD = 6.620 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.337 CNY1 CNY = 0.158 CHF

See what else happened on March 4th, 2010