Financial news on March 5th, 2008

Business and Financial news
Assurances From Citigroup, but Skepticism on Wall Street

Investors and analysts have urged a breakup of Citigroup, saying the company has become too unwieldy to be managed effectively. Read more..

By ERIC DASH - The New York Times

Yahoo Looks at New Way to Survive

As it scrambles to avoid defeat in its battle with Microsoft, Yahoo may try to seek more time to find other partners or persuade Microsoft to raise its offer. Read more..

By ANDREW ROSS SORKIN - The New York Times

Yahoo Seeks Way to Block Microsoft

In a move that could delay a proxy contest, Yahoo said it was extending the deadline for nominating directors to its board. Read more..

By ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.4624.5724.0524.2775.8M
Oracle Corp.ORCL18.6918.9818.6218.8058.2M
General ElectricGE33.7033.9533.2933.6743.5M
JPMorgan ChaseJPM39.3639.5838.1138.7436.3M
Wells Fargo & Co.WFC29.2030.0028.5928.9832.7M
Wal-Mart StoresWMT50.0050.1949.2649.5523M
AT&T Inc.T34.9135.6434.8435.4521.7M
Bristol-Myers SquibbBMY22.2522.5221.9422.1919.8M
Home DepotHD27.0227.5726.5026.7618.3M
Verizon CommunicationsVZ35.9536.4935.5135.9514.2M
Johnson & JohnsonJNJ62.7563.2862.6463.1313.7M
HP Inc.HPQ48.5948.8547.8048.3112.5M
Procter & GamblePG66.2967.1666.0566.7011.7M
Abbott LaboratoriesABT53.1053.4152.3752.9810.8M
Walt Disney & Co.DIS31.8332.1531.5231.649.69M
Gilead SciencesGILD49.6949.9148.7048.969.46M
International Business MachinesIBM115.15116.41114.25115.398.43M
UnitedHealth GroupUNH46.7147.3746.5247.225.99M
United TechnologiesUTX68.2970.2868.2969.735.35M
Union PacificUNP124.75126.81123.10125.752.54M
Berkshire HathawayBRK.B4606.004620.004549.004609.0019K
Exchange Rates of March 5th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104.020 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 0.984 CAD1 CAD = 1.016 USD
US DollarSwiss Franc1 USD = 1.037 CHF1 CHF = 0.965 USD
US DollarChinese Yuan1 USD = 7.110 CNY1 CNY = 0.141 USD
EuroJapanese Yen1 EUR = 158.760 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.766 GBP1 GBP = 1.305 EUR
EuroAustralian Dollar1 EUR = 1.634 AUD1 AUD = 0.612 EUR
EuroCanadian Dollar1 EUR = 1.502 CAD1 CAD = 0.666 EUR
EuroSwiss Franc1 EUR = 1.582 CHF1 CHF = 0.632 EUR
Japanese YenPound Sterling1 JPY = 0.482 GBP1 GBP = 2.073 JPY
Japanese YenAustralian Dollar1 JPY = 1.029 AUD1 AUD = 0.972 JPY
Japanese YenCanadian Dollar1 JPY = 0.946 CAD1 CAD = 1.057 JPY
Japanese YenSwiss Franc1 JPY = 0.997 CHF1 CHF = 1.004 JPY
Pound SterlingAustralian Dollar1 GBP = 2.132 AUD1 AUD = 0.469 GBP
Pound SterlingCanadian Dollar1 GBP = 1.960 CAD1 CAD = 0.510 GBP
Pound SterlingSwiss Franc1 GBP = 2.064 CHF1 CHF = 0.484 GBP
Australian DollarCanadian Dollar1 AUD = 0.919 CAD1 CAD = 1.088 AUD
Australian DollarSwiss Franc1 AUD = 0.968 CHF1 CHF = 1.033 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.950 CAD

See what else happened on March 5th, 2008