Financial news on March 7th, 2013

Business and Financial news
A Weather Report That’s Colorful, With a Chance of Fun

Kit Eaton App Smart column highlights new weather reporting apps that provide forecasts that are easy to understand and filled with usable information. Read more..

By KIT EATON - The New York Times

China Promises Flexibility on Renminbi

The comments from Yi Gang, a senior central bank official, emphasize the stability that Chinese policy makers want to ensure. Read more..

By REUTERS - International Herald Tribune

Clothing Companies Trying to Find More Direct Paths to Customers

You're the Boss blog; many new apparel brands have decided to forgo traditional wholesale route of selling through multibrand boutiques and department stores, but direct selling is not for everyone. Read more..

By IAN MOUNT - The New York Times

European Regulators Fine Microsoft, Then Promise to Do Better

European Union fines Microsoft $732 million for failing to respect antitrust settlement with regulators; top regulator Joaquin Almunia says bloc had been 'naive' to let the company monitor its own adherence to 2009 deal to offer its users wider choice of Internet browsers. Read more..

By JAMES KANTER - The New York Times

Europe’s Carmakers Look Forward to U.S. Trade Pact

Prospects for United States-European Union free-trade pact have brightened the spirits of automakers who want to not only sell in the American market, but also to export their American-made cars back to Europe; industry is convening for the Geneva auto show. Read more..

By JACK EWING - The New York Times

Euro Zone Economy Shrank at Year-End

Official data showed a contraction of 0.6 percent in gross domestic product for the 17-nation zone in the fourth quarter, with investment falling 1.1 percent. Read more..

By DAVID JOLLY - International Herald Tribune

Hints of a Jobs Uptick Help Buoy the Market

Dow Jones industrial average rises slightly to another record high, though the overall market shows scant gains. Read more..

By REUTERS - The New York Times

In Survey, Fed Finds Economic Growth Is Widespread

Survey of regional economic conditions in Federal Reserve's 12 districts finds 10 of districts reported moderate growth; Commerce Department reports total factory orders fell 2 percent in January compared with December; orders for core capital goods rose 7.2 percent. Read more..


In Upgrade, Google Adds to Model for Mobile Marketing

Stuart Elliott Advertising column; Google is bringing three new brands to its digital advertising initiative, in attempt to get marketers to think of technology as their best asset. Read more..

By STUART ELLIOTT - The New York Times

Toy Review: Tech Toys for The Holidays

As Black Friday approaches, David Gillen speaks with Gadgetwise’s Warren Buckleitner about Furby, Hexbug and Skylanders Giants. Read more..

Emily B. Hager and Fritzie Andrade - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,7221,9721,6821,8037.4M
JPMorgan ChaseJPM50,0550,8650,0150,6324.2M
General ElectricGE23,7023,8323,6723,6823M
Wells Fargo & Co.WFC36,1336,4836,0836,4221.5M
AT&T Inc.T36,3736,5236,1536,3919.2M
HP Inc.HPQ20,9321,1220,7620,8517.9M
Oracle Corp.ORCL35,9436,1335,7635,9415.1M
Verizon CommunicationsVZ47,4047,5747,2147,4810.6M
General MotorsGM27,8628,1427,7927,889.43M
Gilead SciencesGILD45,1045,2044,5144,959.18M
Johnson & JohnsonJNJ77,6277,9677,5977,758M
Bristol-Myers SquibbBMY37,7837,8137,5137,537.64M
Procter & GamblePG77,2277,4976,7876,907.11M
Wal-Mart StoresWMT73,4973,6173,2073,326.68M
Abbott LaboratoriesABT34,3034,5434,1634,435.67M
Home DepotHD70,4070,5069,9470,255M
Walt Disney & Co.DIS56,3656,4756,0156,324.81M
UnitedHealth GroupUNH53,7654,1853,6953,804.46M
International Business MachinesIBM208,29209,60208,24209,423.88M
Berkshire HathawayBRK.B103,25103,58103,03103,412.62M
United TechnologiesUTX91,2091,8991,1891,712.53M
Union PacificUNP138,89139,23136,25137,021.89M
Exchange Rates of March 7th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94,810 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,029 CAD1 CAD = 0,971 USD
US DollarSwiss Franc1 USD = 0,942 CHF1 CHF = 1,061 USD
US DollarChinese Yuan1 USD = 6,220 CNY1 CNY = 0,161 USD
EuroJapanese Yen1 EUR = 124,290 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,873 GBP1 GBP = 1,145 EUR
EuroAustralian Dollar1 EUR = 1,276 AUD1 AUD = 0,783 EUR
EuroCanadian Dollar1 EUR = 1,349 CAD1 CAD = 0,741 EUR
EuroSwiss Franc1 EUR = 1,236 CHF1 CHF = 0,809 EUR
EuroChinese Yuan1 EUR = 8,160 CNY1 CNY = 0,123 EUR
Japanese YenPound Sterling1 JPY = 0,702 GBP1 GBP = 1,424 JPY
Japanese YenAustralian Dollar1 JPY = 1,026 AUD1 AUD = 0,974 JPY
Japanese YenCanadian Dollar1 JPY = 1,085 CAD1 CAD = 0,922 JPY
Japanese YenSwiss Franc1 JPY = 0,994 CHF1 CHF = 1,006 JPY
Pound SterlingAustralian Dollar1 GBP = 1,462 AUD1 AUD = 0,684 GBP
Pound SterlingCanadian Dollar1 GBP = 1,545 CAD1 CAD = 0,647 GBP
Pound SterlingSwiss Franc1 GBP = 1,415 CHF1 CHF = 0,707 GBP
Pound SterlingChinese Yuan1 GBP = 9,347 CNY1 CNY = 0,107 GBP
Australian DollarCanadian Dollar1 AUD = 1,057 CAD1 CAD = 0,946 AUD
Australian DollarSwiss Franc1 AUD = 0,968 CHF1 CHF = 1,033 AUD
Australian DollarChinese Yuan1 AUD = 6,394 CNY1 CNY = 0,156 AUD
Canadian DollarSwiss Franc1 CAD = 0,915 CHF1 CHF = 1,093 CAD
Canadian DollarChinese Yuan1 CAD = 6,048 CNY1 CNY = 0,165 CAD
Swiss FrancChinese Yuan1 CHF = 6,602 CNY1 CNY = 0,151 CHF

See what else happened on March 7th, 2013