Financial news on March 05, 2013

Business and Financial news
As Fears Recede, Dow Industrials Hit a Milestone

There are concerns about whether the forces that have driven the market rally — government spending and banner corporate profits — will be sufficient to push it higher. Read more..

By PETER EAVIS - The New York Times

Britain Takes On Brussels in Fight Over Bank Pay

British finance minister George Osborne is expected to urge his European Union counterparts to water down proposed rules restricting size of bankers' bonuses. Read more..

By JAMES KANTER - The New York Times

Don’t Touch That Remote: TV Pilots Turn to Net, Not Networks

More television shows are being produced only for the Internet, circumventing existing distribution channels. Read more..

By BRIAN STELTER - The New York Times

Elite Status on Airlines Loses Some of Its Appeal

Airlines have begun selling services once reserved elite status customers to anyone willing to pay a fee; as result, frequent-flier status is losing some of its appeal, at least for those on lower end of elite spectrum. Read more..

By SUSAN STELLIN - The New York Times

F.D.A. Panel Advises Against Two Medicines to Treat Hot Flashes

Outside advisers to Food and Drug Administration soundly reject two drugs vying to become first nonhormonal hot-flash treatments to win agency's approval; say both gabapentin and paroxetine offered only marginal benefit, reducing number of hot flashes by only about one a day compared to placebo. Read more..

By ANDREW POLLACK - The New York Times

Hungary’s New Central Bank Chief Tightens Grip

Deputy governors will no longer be permitted to represent the bank unless they are a joined by a new chief director. Read more..

By REUTERS - International Herald Tribune

Jolt From Italy's Elections May Not Be Enough

The results of the Italian election have not shaken the faith of Europe's pro-austerity forces, including Germany. Read more..

By PAUL TAYLOR | REUTERS - International Herald Tribune

Net Over Network

The Times's Brian Stelter discusses the new, high-quality programming that shuns traditional broadcast TV for the Web. Read more..

Ben Werschkul, Pedro Rafael Rosado, Channon Hodge, Fritzie Andrade and Erica Berenstein - The New York Times

San Francisco’s Thriving Agency Start-Up Scene

Stuart Elliott Advertising column observes that San Francisco ad market, well-known for its continual ups and downs, is being influenced by entrepreneurial spirit of nearby Silicon Valley, with agency employees going into business for themselves. Read more..

By STUART ELLIOTT - The New York Times

Trading Hits a High

The Times's Peter Lattman on what's behind a record moment for the Dow Jones industrial average. Read more..

Channon Hodge, Ben Werschkul, David Gillen and Pedro Rafael Rosado - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.29 28.54 28.16 28.35 41.4M
Facebook FB 27.88 28.18 27.21 27.52 40.6M
Intel INTC 21.34 21.59 21.30 21.51 38.8M
General Electric GE 23.46 23.71 23.44 23.59 35.7M
Cisco Systems CSCO 20.83 21.25 20.83 21.22 32.8M
Pfizer PFE 27.77 28.20 27.77 28.07 31.1M
JPMorgan Chase JPM 49.49 50.11 49.31 49.49 25.6M
Wells Fargo & Co. WFC 35.99 36.29 35.81 35.88 23.3M
Apple AAPL 421.48 435.19 420.75 431.14 22.8M
AT&T Inc. T 36.53 36.70 36.50 36.60 22.6M
HP Inc. HPQ 20.08 20.59 20.06 20.37 18.5M
Verizon Communications VZ 47.40 47.88 47.14 47.69 16.4M
Altria MO 34.10 34.30 34.02 34.24 16.3M
Oracle Corp. ORCL 35.22 35.68 35.21 35.46 15.4M
Merck MRK 43.60 43.65 43.10 43.25 15.1M
Gilead Sciences GILD 44.35 45.58 44.35 45.02 15.1M
Coca-Cola KO 38.98 39.00 38.56 38.68 13.2M
ExxonMobil XOM 89.48 90.15 89.29 89.61 13.1M
Comcast CMCSA 40.70 41.04 40.63 40.95 12.4M
Procter & Gamble PG 76.78 77.40 76.72 77.05 9.72M
Johnson & Johnson JNJ 77.56 77.71 77.44 77.66 9.4M
General Motors GM 27.22 27.79 27.19 27.58 9.2M
Wal-Mart Stores WMT 73.47 74.04 72.99 73.72 9.14M
Schlumberger SLB 77.24 77.60 76.28 76.95 8.96M
Home Depot HD 70.58 70.97 70.12 70.47 8.32M
Alphabet GOOGL 828.93 840.15 828.90 838.60 8.08M
Bristol-Myers Squibb BMY 37.00 37.60 37.00 37.57 7.66M
Abbott Laboratories ABT 34.38 34.70 34.37 34.67 7.65M
Pepsico PEP 76.84 77.07 76.49 76.90 7.42M
ConocoPhillips COP 57.94 58.01 57.36 57.66 7.15M
Walt Disney & Co. DIS 55.95 56.58 55.90 56.48 7.07M
Chevron CVX 117.97 118.25 117.67 117.93 6.36M
Boeing BA 77.45 78.85 77.11 78.66 5.69M
McDonald's MCD 95.54 96.10 95.33 95.81 5.64M
UnitedHealth Group UNH 53.43 53.84 53.18 53.50 4.91M
Berkshire Hathaway BRK.B 102.48 103.48 102.33 102.66 4.45M
International Business Machines IBM 205.86 207.70 205.69 206.53 3.81M
Amazon AMZN 274.00 276.68 269.99 275.59 3.69M
Amgen AMGN 93.11 93.76 92.56 93.44 3.57M
United Technologies UTX 89.69 91.29 89.51 91.02 3.36M
3M MMM 103.76 104.81 103.65 104.45 2.63M
Visa V 160.09 161.78 159.86 160.29 2.57M
Union Pacific UNP 139.11 139.76 138.22 139.08 1.67M
Exchange Rates of March 05, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.280 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.027 CAD 1 CAD = 0.974 USD
US Dollar Swiss Franc 1 USD = 0.941 CHF 1 CHF = 1.063 USD
US Dollar Chinese Yuan 1 USD = 6.221 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 121.710 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.863 GBP 1 GBP = 1.159 EUR
Euro Australian Dollar 1 EUR = 1.272 AUD 1 AUD = 0.786 EUR
Euro Canadian Dollar 1 EUR = 1.340 CAD 1 CAD = 0.746 EUR
Euro Swiss Franc 1 EUR = 1.228 CHF 1 CHF = 0.815 EUR
Euro Chinese Yuan 1 EUR = 8.111 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.708 GBP 1 GBP = 1.412 JPY
Japanese Yen Australian Dollar 1 JPY = 1.044 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.100 CAD 1 CAD = 0.909 JPY
Japanese Yen Swiss Franc 1 JPY = 1.008 CHF 1 CHF = 0.992 JPY
Pound Sterling Australian Dollar 1 GBP = 1.475 AUD 1 AUD = 0.678 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.553 CAD 1 CAD = 0.644 GBP
Pound Sterling Swiss Franc 1 GBP = 1.423 CHF 1 CHF = 0.703 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.403 CNY 1 CNY = 0.106 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.053 CAD 1 CAD = 0.949 AUD
Australian Dollar Swiss Franc 1 AUD = 0.965 CHF 1 CHF = 1.036 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.374 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.915 CHF 1 CHF = 1.092 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.054 CNY 1 CNY = 0.165 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.605 CNY 1 CNY = 0.151 CHF

See what else happened on March 05, 2013