Financial news on March 05, 2010

Business and Financial news
A.I.G. Moves Closer to Sale of Alico

If a deal is reached with MetLife, the sale of Alico would represent another big repayment on the federal government’s bailout of A.I.G. Read more..

By MICHAEL J. de la MERCED - The New York Times

For Greece, Bond Sale Is a Step Back From Disaster

By completing a long-awaited bond sale, Greece gave a lift to its embattled government finances and bolstered other peripheral European countries that share the euro. Read more..

By LANDON THOMAS Jr. and DAVID JOLLY - The New York Times

German Cities Lead 2010 Real Estate Survey in Europe

Munich and Hamburg earned the top two spots in European property performance overall last year according to an annual survey of more than 600 industry experts. Read more..

By SHELLEY EMLING - International Herald Tribune

Heads of 12 Fed Districts Press to Keep Central Bank, and Their Role, in Place

The presidents of the nation’s 12 Federal Reserve districts worked to buttress arguments that the Fed’s regulatory powers should stay as they are. Read more..

By SEWELL CHAN - The New York Times

Inquiry Into Toyota’s Fixes

The number of complaints of unintended acceleration in Toyotas that have already been repaired has risen to 60. Read more..

By NICK BUNKLEY - The New York Times

Interest Rates Held Steady in Britain and Euro-Zone

Both the European Central Bank and the Bank of England remained concerned about the strength of the economic recovery. Read more..


Market Defies Fear of Real Estate Bubble in China

China’s spectacular real estate boom may be a bubble that threatens the global economy. Read more..

By DAVID BARBOZA - The New York Times

New Unemployment Claims Fall, After Weeks of Unsettling Gains

The number of first-time filings retreated from a three-month high last week, reviving hopes that the labor market was on the track to recovery. Read more..

By JAVIER C. HERNANDEZ - The New York Times

The Newest Hybrid Model

A vast project in Florida will be the world’s second-largest solar plant, attached to the nation’s largest fossil-fuel power plant. Read more..

By JAD MOUAWAD - The New York Times

Tireless Employees Get Their Tribute, Even if It’s in Felt and Polyester

A campaign from Zappos features puppets, styled after actual company employees, interacting with customers and demonstrating their patience. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.1916.3716.1516.3565.2M
Cisco SystemsCSCO24.9725.2424.9225.2157.1M
Wells Fargo & Co.WFC28.6329.2728.5529.1540.6M
JPMorgan ChaseJPM42.3242.8742.1942.8134.8M
AT&T Inc.T25.0325.0524.8224.9928M
Verizon CommunicationsVZ29.2929.3529.1129.2320M
Bristol-Myers SquibbBMY24.9325.3324.7725.2819.9M
Oracle Corp.ORCL24.8625.0024.8424.9519.3M
Walt Disney & Co.DIS32.7933.2232.7533.2219.2M
Home DepotHD31.5531.9131.4931.8018.8M
HP Inc.HPQ51.7252.2551.6652.0315.4M
Abbott LaboratoriesABT54.1454.3954.1254.3215.3M
Wal-Mart StoresWMT53.9754.1753.5054.1411.4M
Johnson & JohnsonJNJ63.6664.0763.5564.0410.6M
Procter & GamblePG63.6963.7863.0563.6910.1M
Berkshire HathawayBRK.B83.2183.4082.8283.368.27M
UnitedHealth GroupUNH33.0333.7932.9633.748.13M
Gilead SciencesGILD46.9347.6546.9247.618.07M
International Business MachinesIBM127.17127.55127.04127.256.14M
United TechnologiesUTX70.5771.3170.5771.254.06M
Union PacificUNP68.5769.3268.3969.133.29M
Exchange Rates of March 05, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.280 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.029 CAD1 CAD = 0.972 USD
US DollarSwiss Franc1 USD = 1.074 CHF1 CHF = 0.931 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 123.000 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.900 GBP1 GBP = 1.111 EUR
EuroAustralian Dollar1 EUR = 1.501 AUD1 AUD = 0.666 EUR
EuroCanadian Dollar1 EUR = 1.402 CAD1 CAD = 0.713 EUR
EuroSwiss Franc1 EUR = 1.463 CHF1 CHF = 0.683 EUR
EuroChinese Yuan1 EUR = 9.302 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.731 GBP1 GBP = 1.367 JPY
Japanese YenAustralian Dollar1 JPY = 1.219 AUD1 AUD = 0.820 JPY
Japanese YenCanadian Dollar1 JPY = 1.140 CAD1 CAD = 0.878 JPY
Japanese YenSwiss Franc1 JPY = 1.189 CHF1 CHF = 0.841 JPY
Pound SterlingAustralian Dollar1 GBP = 1.667 AUD1 AUD = 0.600 GBP
Pound SterlingCanadian Dollar1 GBP = 1.557 CAD1 CAD = 0.642 GBP
Pound SterlingSwiss Franc1 GBP = 1.625 CHF1 CHF = 0.615 GBP
Pound SterlingChinese Yuan1 GBP = 10.326 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.934 CAD1 CAD = 1.071 AUD
Australian DollarSwiss Franc1 AUD = 0.975 CHF1 CHF = 1.026 AUD
Australian DollarChinese Yuan1 AUD = 6.198 CNY1 CNY = 0.161 AUD
Canadian DollarSwiss Franc1 CAD = 1.043 CHF1 CHF = 0.959 CAD
Canadian DollarChinese Yuan1 CAD = 6.629 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.357 CNY1 CNY = 0.157 CHF

See what else happened on March 05, 2010