Financial news on March 09, 2010

Business and Financial news
Bank of America to End Debit Overdraft Fees

The decision that could cost the bank tens of millions a year and put pressure on other banks to do the same. Read more..

By ANDREW MARTIN - The New York Times

Fed’s Reach May Be Curbed Under Plan

Several members of the Senate Banking Committee are said to support a deal to strip the Fed of its regulatory powers over all but the 23 largest banks. Read more..

By SEWELL CHAN - The New York Times

France Télécom Needs 'Radical Change' After Suicides, Report Says

France Télécom has already stopped several practices identified as being particularly disruptive, like forcing employees to change jobs and closing work sites. Read more..

By DAVID JOLLY - International Herald Tribune

Greek Leader Wants to Restrict Speculative Trades

The exotic market bets, the prime minister said on Monday, will make it difficult for Greece to put its austerity program in place. Read more..

By SEWELL CHAN and JACK EWING - The New York Times

Hesitation on Wall Street Leaves Shares Flat

Investors took in a new round of corporate deals and became a bit more confident that Greece was getting a handle on its debt. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Oil and Gasoline Prices Begin to Creep Up

Somewhat upbeat economic data, new tensions in Nigeria and reports that China plans to build up its reserves have lifted crude prices. Gasoline prices have followed. Read more..

By CLIFFORD KRAUSS - The New York Times

Proposed European Monetary Fund Advances

The European Commission endorsed a German proposal for a European monetary fund to prevent future debt crises. Read more..

By JACK EWING and MATTHEW SALTMARSH - International Herald Tribune

Shell Joins PetroChina in an Offer in Australia

The joint venture offered $4.04 a share for the Australian energy company, which produces natural gas from coal beds. Read more..

By CHRIS V. NICHOLSON - The New York Times

Texas Instruments Raises View on Profit

Increasing demand for phone systems and industrial machinery allowed the chip maker to forecast a profit at the high end of estimates. Read more..

By BLOOMBERG NEWS - The New York Times

The Dark Side of Home Subsidies

Fannie Mae and Freddie Mac owned more than 131,000 properties between them at the end of 2009, according to annual filings. Read more..

By AGNES T. CRANE and NEIL UNMACK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.3326.4825.7026.13161M
General ElectricGE16.3016.6216.2516.4983.7M
AT&T Inc.T25.3425.7325.3025.5643.5M
JPMorgan ChaseJPM42.3942.8242.0542.4237.1M
Wells Fargo & Co.WFC28.7829.2228.4728.9831.3M
Oracle Corp.ORCL24.6025.1024.5624.8821.8M
Verizon CommunicationsVZ29.6130.0429.5729.9121.6M
Home DepotHD31.7031.9531.6731.6815.1M
Wal-Mart StoresWMT54.1554.1554.1554.1512.6M
Abbott LaboratoriesABT54.1954.9654.1354.8012.3M
Bristol-Myers SquibbBMY25.1525.2725.0125.2011.1M
Walt Disney & Co.DIS33.0033.3432.7833.3111.1M
HP Inc.HPQ51.5852.2351.4751.8810.2M
Johnson & JohnsonJNJ64.5564.5564.0964.278.83M
UnitedHealth GroupUNH33.1833.4533.0733.088.77M
International Business MachinesIBM126.27126.29125.20125.557.53M
Gilead SciencesGILD46.8047.7446.8047.447.27M
Procter & GamblePG63.0863.5063.0563.307.1M
Berkshire HathawayBRK.B82.6582.7282.0282.476.19M
United TechnologiesUTX71.5172.2571.1671.785.56M
Union PacificUNP69.2671.3569.1070.845.14M
Exchange Rates of March 09, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.950 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.026 CAD1 CAD = 0.974 USD
US DollarSwiss Franc1 USD = 1.075 CHF1 CHF = 0.930 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 122.320 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.907 GBP1 GBP = 1.103 EUR
EuroAustralian Dollar1 EUR = 1.488 AUD1 AUD = 0.672 EUR
EuroCanadian Dollar1 EUR = 1.395 CAD1 CAD = 0.717 EUR
EuroSwiss Franc1 EUR = 1.462 CHF1 CHF = 0.684 EUR
EuroChinese Yuan1 EUR = 9.284 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.741 GBP1 GBP = 1.349 JPY
Japanese YenAustralian Dollar1 JPY = 1.216 AUD1 AUD = 0.823 JPY
Japanese YenCanadian Dollar1 JPY = 1.140 CAD1 CAD = 0.877 JPY
Japanese YenSwiss Franc1 JPY = 1.195 CHF1 CHF = 0.837 JPY
Pound SterlingAustralian Dollar1 GBP = 1.640 AUD1 AUD = 0.610 GBP
Pound SterlingCanadian Dollar1 GBP = 1.538 CAD1 CAD = 0.650 GBP
Pound SterlingSwiss Franc1 GBP = 1.612 CHF1 CHF = 0.621 GBP
Pound SterlingChinese Yuan1 GBP = 10.225 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.938 CAD1 CAD = 1.066 AUD
Australian DollarSwiss Franc1 AUD = 0.982 CHF1 CHF = 1.018 AUD
Australian DollarChinese Yuan1 AUD = 6.240 CNY1 CNY = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 1.047 CHF1 CHF = 0.955 CAD
Canadian DollarChinese Yuan1 CAD = 6.652 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.349 CNY1 CNY = 0.157 CHF

See what else happened on March 09, 2010