Financial news on March 08, 2013

Business and Financial news
Bank of England Keeps Interest Rate at Record Low

The central bank also maintained its stimulus program amid doubts about the strength of the recovery in the British economy. Read more..

By JULIA WERDIGIER - International Herald Tribune

European Central Bank Leaves Key Rate Unchanged

European Central Bank leaves benchmark interest rate at 0.75 percent, as president Mario Draghi plays down risk that political chaos in Italy will become a threat to euro zone stability. Read more..

By JACK EWING and JULIA WERDIGIER - The New York Times

Government Takes Legal Action Over Phone Spam

Federal Trade Commission files eight lawsuits in federal courts around the country against companies it accuses of ordering or engineering the sending of millions of spam text messages; FTC notes that such scams are particularly dangerous because users have come to trust messages received on phones. Read more..

By EDWARD WYATT - The New York Times

In a Spinoff of Time Inc., Evolution Is Complete

Time Warner confirms that it will spin off its Time Inc magazine division, completing conglomerate's multi-year evolution into a pure cable television and movie production company; transformation is brainchild of chief executive Jeffrey L Bewkes and highlights his confidence in its high-margin cable channels; move is also an example of a philosophical shift in the media industry away from rapid acquisition and growth. Read more..

By AMY CHOZICK - The New York Times

Jobless Claims Fall Unexpectedly

Labor Department reports weekly claims for unemployment benefits fell 7,000 to a seasonally adjusted 340,000, unexpected drop suggesting a pickup in the labor market and the pace of economic growth; Commerce Department reports that trade deficit widened to $44.45 billion in January, from $38.14 billion in December. Read more..

By THE ASSOCIATED PRESS - The New York Times

Major Grocer to Label Foods With Gene-Modified Content

Whole Foods, the first retailer in the country to require such labeling, said all foods sold in its stores would need to be labeled within five years. Read more..

By STEPHANIE STROM - The New York Times

Now a Little Spray Will Quickly Moisturize You

Andrew Adam Newman Advertising column notes that Unilver's Vaseline brand is rolling out a campaign to promote new line of moisturizing body lotion sprays that company claims dries quickly and will not mark clothing. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Weather And Taxes Hurt Sales In February

Retailers report that revenue at stores open at least one year rose an average of 4.1 percent in February, down from previous months, citing cold weather, economic strain and payroll-tax hike. Read more..

By THE ASSOCIATED PRESS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC21.9522.0421.4721.5845M
FacebookFB28.4328.4727.7327.9644.2M
MicrosoftMSFT28.2528.3327.9628.0037.7M
JPMorgan ChaseJPM50.5950.8549.6150.2032.7M
MerckMRK43.4043.5042.9242.9729.3M
AltriaMO33.9734.0833.7934.0029M
General ElectricGE23.8623.9023.6823.7729M
PfizerPFE28.3328.3628.0428.1927M
Wells Fargo & Co.WFC36.4536.6236.2336.5024M
Cisco SystemsCSCO21.8421.9721.7721.8323.8M
AT&T Inc.T36.5436.7436.5436.6821.5M
HP Inc.HPQ21.1221.1620.8821.0019.3M
Oracle Corp.ORCL35.9436.0935.6735.7115M
AppleAAPL429.80435.43428.61431.7214M
ExxonMobilXOM89.0189.2388.3588.9711.9M
ComcastCMCSA40.8641.1740.4841.0011.4M
Coca-ColaKO39.1739.4239.0339.2211.2M
Bristol-Myers SquibbBMY37.5537.6537.3037.4010.5M
Verizon CommunicationsVZ47.7247.9847.6747.969.99M
McDonald'sMCD98.1398.9598.0398.718.84M
Johnson & JohnsonJNJ77.8478.2277.7078.198.55M
Walt Disney & Co.DIS56.5657.5156.5257.398.16M
Procter & GamblePG77.0177.2076.4677.187.25M
Gilead SciencesGILD45.2445.5544.5145.436.89M
Home DepotHD70.5971.4570.3971.376.47M
General MotorsGM27.9128.1927.8928.005.91M
AlphabetGOOGL834.50834.92825.05831.525.82M
Wal-Mart StoresWMT73.3073.3972.8473.035.74M
BoeingBA81.1681.7080.7281.235.23M
Abbott LaboratoriesABT34.5034.6834.3534.685.15M
ChevronCVX118.95119.11117.99118.574.99M
ConocoPhillipsCOP57.9758.4957.8358.394.8M
UnitedHealth GroupUNH53.9754.2553.5253.814.58M
PepsicoPEP77.1677.4176.6577.204.3M
SchlumbergerSLB78.0278.4477.2477.963.92M
International Business MachinesIBM209.85210.74209.43210.383.7M
Berkshire HathawayBRK.B103.98104.00103.10103.633.51M
United TechnologiesUTX92.0392.9191.8992.073.12M
AmgenAMGN93.4393.8892.8593.003.08M
VisaV161.34161.40159.89160.672.39M
3MMMM105.00105.81104.83105.712.36M
AmazonAMZN275.00275.44271.50274.191.88M
Union PacificUNP137.65139.13137.00138.701.33M
Exchange Rates of March 08, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96.010 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.028 CAD1 CAD = 0.972 USD
US DollarSwiss Franc1 USD = 0.951 CHF1 CHF = 1.051 USD
US DollarChinese Yuan1 USD = 6.215 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 124.840 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.871 GBP1 GBP = 1.148 EUR
EuroAustralian Dollar1 EUR = 1.270 AUD1 AUD = 0.787 EUR
EuroCanadian Dollar1 EUR = 1.337 CAD1 CAD = 0.748 EUR
EuroSwiss Franc1 EUR = 1.236 CHF1 CHF = 0.809 EUR
EuroChinese Yuan1 EUR = 8.084 CNY1 CNY = 0.124 EUR
Japanese YenPound Sterling1 JPY = 0.698 GBP1 GBP = 1.433 JPY
Japanese YenAustralian Dollar1 JPY = 1.017 AUD1 AUD = 0.983 JPY
Japanese YenCanadian Dollar1 JPY = 1.071 CAD1 CAD = 0.934 JPY
Japanese YenSwiss Franc1 JPY = 0.990 CHF1 CHF = 1.010 JPY
Pound SterlingAustralian Dollar1 GBP = 1.457 AUD1 AUD = 0.686 GBP
Pound SterlingCanadian Dollar1 GBP = 1.534 CAD1 CAD = 0.652 GBP
Pound SterlingSwiss Franc1 GBP = 1.418 CHF1 CHF = 0.705 GBP
Pound SterlingChinese Yuan1 GBP = 9.279 CNY1 CNY = 0.108 GBP
Australian DollarCanadian Dollar1 AUD = 1.052 CAD1 CAD = 0.951 AUD
Australian DollarSwiss Franc1 AUD = 0.972 CHF1 CHF = 1.028 AUD
Australian DollarChinese Yuan1 AUD = 6.365 CNY1 CNY = 0.157 AUD
Canadian DollarSwiss Franc1 CAD = 0.924 CHF1 CHF = 1.082 CAD
Canadian DollarChinese Yuan1 CAD = 6.043 CNY1 CNY = 0.165 CAD
Swiss FrancChinese Yuan1 CHF = 6.534 CNY1 CNY = 0.153 CHF

See what else happened on March 08, 2013