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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.95 22.04 21.47 21.58 45M
Facebook FB 28.43 28.47 27.73 27.96 44.2M
Microsoft MSFT 28.25 28.33 27.96 28.00 37.7M
JPMorgan Chase JPM 50.59 50.85 49.61 50.20 32.7M
Merck MRK 43.40 43.50 42.92 42.97 29.3M
Altria MO 33.97 34.08 33.79 34.00 29M
General Electric GE 23.86 23.90 23.68 23.77 29M
Pfizer PFE 28.33 28.36 28.04 28.19 27M
Wells Fargo & Co. WFC 36.45 36.62 36.23 36.50 24M
Cisco Systems CSCO 21.84 21.97 21.77 21.83 23.8M
AT&T Inc. T 36.54 36.74 36.54 36.68 21.5M
HP Inc. HPQ 21.12 21.16 20.88 21.00 19.3M
Oracle Corp. ORCL 35.94 36.09 35.67 35.71 15M
Apple AAPL 429.80 435.43 428.61 431.72 14M
ExxonMobil XOM 89.01 89.23 88.35 88.97 11.9M
Comcast CMCSA 40.86 41.17 40.48 41.00 11.4M
Coca-Cola KO 39.17 39.42 39.03 39.22 11.2M
Bristol-Myers Squibb BMY 37.55 37.65 37.30 37.40 10.5M
Verizon Communications VZ 47.72 47.98 47.67 47.96 9.99M
McDonald's MCD 98.13 98.95 98.03 98.71 8.84M
Johnson & Johnson JNJ 77.84 78.22 77.70 78.19 8.55M
Walt Disney & Co. DIS 56.56 57.51 56.52 57.39 8.16M
Procter & Gamble PG 77.01 77.20 76.46 77.18 7.25M
Gilead Sciences GILD 45.24 45.55 44.51 45.43 6.89M
Home Depot HD 70.59 71.45 70.39 71.37 6.47M
General Motors GM 27.91 28.19 27.89 28.00 5.91M
Alphabet GOOGL 834.50 834.92 825.05 831.52 5.82M
Wal-Mart Stores WMT 73.30 73.39 72.84 73.03 5.74M
Boeing BA 81.16 81.70 80.72 81.23 5.23M
Abbott Laboratories ABT 34.50 34.68 34.35 34.68 5.15M
Chevron CVX 118.95 119.11 117.99 118.57 4.99M
ConocoPhillips COP 57.97 58.49 57.83 58.39 4.8M
UnitedHealth Group UNH 53.97 54.25 53.52 53.81 4.58M
Pepsico PEP 77.16 77.41 76.65 77.20 4.3M
Schlumberger SLB 78.02 78.44 77.24 77.96 3.92M
International Business Machines IBM 209.85 210.74 209.43 210.38 3.7M
Berkshire Hathaway BRK.B 103.98 104.00 103.10 103.63 3.51M
United Technologies UTX 92.03 92.91 91.89 92.07 3.12M
Amgen AMGN 93.43 93.88 92.85 93.00 3.08M
Visa V 161.34 161.40 159.89 160.67 2.39M
3M MMM 105.00 105.81 104.83 105.71 2.36M
Amazon AMZN 275.00 275.44 271.50 274.19 1.88M
Union Pacific UNP 137.65 139.13 137.00 138.70 1.33M
Exchange Rates of March 08, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 96.010 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.028 CAD 1 CAD = 0.972 USD
US Dollar Swiss Franc 1 USD = 0.951 CHF 1 CHF = 1.051 USD
US Dollar Chinese Yuan 1 USD = 6.215 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 124.840 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.871 GBP 1 GBP = 1.148 EUR
Euro Australian Dollar 1 EUR = 1.270 AUD 1 AUD = 0.787 EUR
Euro Canadian Dollar 1 EUR = 1.337 CAD 1 CAD = 0.748 EUR
Euro Swiss Franc 1 EUR = 1.236 CHF 1 CHF = 0.809 EUR
Euro Chinese Yuan 1 EUR = 8.084 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.698 GBP 1 GBP = 1.433 JPY
Japanese Yen Australian Dollar 1 JPY = 1.017 AUD 1 AUD = 0.983 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.071 CAD 1 CAD = 0.934 JPY
Japanese Yen Swiss Franc 1 JPY = 0.990 CHF 1 CHF = 1.010 JPY
Pound Sterling Australian Dollar 1 GBP = 1.457 AUD 1 AUD = 0.686 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.534 CAD 1 CAD = 0.652 GBP
Pound Sterling Swiss Franc 1 GBP = 1.418 CHF 1 CHF = 0.705 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.279 CNY 1 CNY = 0.108 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.052 CAD 1 CAD = 0.951 AUD
Australian Dollar Swiss Franc 1 AUD = 0.972 CHF 1 CHF = 1.028 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.365 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.924 CHF 1 CHF = 1.082 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.043 CNY 1 CNY = 0.165 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.534 CNY 1 CNY = 0.153 CHF

See what else happened on March 08, 2013