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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 26.33 26.48 25.70 26.13 161M
General Electric GE 16.30 16.62 16.25 16.49 83.7M
Intel INTC 20.68 21.20 20.66 20.94 83.2M
Pfizer PFE 17.27 17.32 17.15 17.23 54.5M
Microsoft MSFT 28.56 29.11 28.55 28.80 50.3M
AT&T Inc. T 25.34 25.73 25.30 25.56 43.5M
JPMorgan Chase JPM 42.39 42.82 42.05 42.42 37.1M
Apple AAPL 218.31 225.00 217.89 223.02 32.9M
Wells Fargo & Co. WFC 28.78 29.22 28.47 28.98 31.3M
ExxonMobil XOM 66.32 67.19 66.22 66.78 29M
Oracle Corp. ORCL 24.60 25.10 24.56 24.88 21.8M
Verizon Communications VZ 29.61 30.04 29.57 29.91 21.6M
Comcast CMCSA 17.58 17.65 17.41 17.51 17.2M
Altria MO 20.73 20.83 20.70 20.77 16.6M
Home Depot HD 31.70 31.95 31.67 31.68 15.1M
Merck MRK 37.21 37.30 36.83 37.04 14.7M
ConocoPhillips COP 50.46 51.09 50.36 50.85 12.7M
Wal-Mart Stores WMT 54.15 54.15 54.15 54.15 12.6M
Abbott Laboratories ABT 54.19 54.96 54.13 54.80 12.3M
Schlumberger SLB 64.04 64.57 63.70 64.10 12M
Coca-Cola KO 54.34 54.59 53.95 54.18 11.5M
Bristol-Myers Squibb BMY 25.15 25.27 25.01 25.20 11.1M
Walt Disney & Co. DIS 33.00 33.34 32.78 33.31 11.1M
HP Inc. HPQ 51.58 52.23 51.47 51.88 10.2M
Visa V 90.25 91.67 89.86 90.15 9.17M
Johnson & Johnson JNJ 64.55 64.55 64.09 64.27 8.83M
UnitedHealth Group UNH 33.18 33.45 33.07 33.08 8.77M
Chevron CVX 74.30 74.91 74.00 74.30 8.48M
Boeing BA 67.57 68.34 67.35 67.79 7.66M
Pepsico PEP 63.88 64.65 63.80 64.36 7.66M
International Business Machines IBM 126.27 126.29 125.20 125.55 7.53M
Gilead Sciences GILD 46.80 47.74 46.80 47.44 7.27M
McDonald's MCD 64.99 65.50 64.84 65.10 7.13M
Procter & Gamble PG 63.08 63.50 63.05 63.30 7.1M
Alphabet GOOGL 559.85 564.66 556.50 560.19 6.35M
Berkshire Hathaway BRK.B 82.65 82.72 82.02 82.47 6.19M
Amazon AMZN 129.59 130.81 127.97 128.82 6.07M
United Technologies UTX 71.51 72.25 71.16 71.78 5.56M
Union Pacific UNP 69.26 71.35 69.10 70.84 5.14M
Amgen AMGN 57.27 57.93 57.26 57.76 5.1M
3M MMM 81.15 82.13 80.74 81.99 4.25M
Exchange Rates of March 09, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.950 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.026 CAD 1 CAD = 0.974 USD
US Dollar Swiss Franc 1 USD = 1.075 CHF 1 CHF = 0.930 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 122.320 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.907 GBP 1 GBP = 1.103 EUR
Euro Australian Dollar 1 EUR = 1.488 AUD 1 AUD = 0.672 EUR
Euro Canadian Dollar 1 EUR = 1.395 CAD 1 CAD = 0.717 EUR
Euro Swiss Franc 1 EUR = 1.462 CHF 1 CHF = 0.684 EUR
Euro Chinese Yuan 1 EUR = 9.284 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.741 GBP 1 GBP = 1.349 JPY
Japanese Yen Australian Dollar 1 JPY = 1.216 AUD 1 AUD = 0.823 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.140 CAD 1 CAD = 0.877 JPY
Japanese Yen Swiss Franc 1 JPY = 1.195 CHF 1 CHF = 0.837 JPY
Pound Sterling Australian Dollar 1 GBP = 1.640 AUD 1 AUD = 0.610 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.538 CAD 1 CAD = 0.650 GBP
Pound Sterling Swiss Franc 1 GBP = 1.612 CHF 1 CHF = 0.621 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.225 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.938 CAD 1 CAD = 1.066 AUD
Australian Dollar Swiss Franc 1 AUD = 0.982 CHF 1 CHF = 1.018 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.240 CNY 1 CNY = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.047 CHF 1 CHF = 0.955 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.652 CNY 1 CNY = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.349 CNY 1 CNY = 0.157 CHF

See what else happened on March 09, 2010