Financial news on March 10, 2008

Business and Financial news
Another DVD Format, but This One Says It’s Cheaper

A new system that is incompatible with Blu-ray, called HD VMD, for versatile multilayer disc, is trying to find a niche. Read more..

By ERIC A. TAUB - The New York Times

Blackstone’s 4th-Quarter Earnings Fall Steeply

The private equity firm reported a net loss of $170 million for the quarter, a sharp reversal from a year earlier, amid expenses tied to its initial public offering and a choppier credit market. Read more..

By DEALBOOK - The New York Times

Dancers in the Crowd Bring Back ‘Thriller’

Sony BMG ventured into “guerrilla marketing,” staging dance scenes from Michael Jackson’s “Thriller” to promote the 25th anniversary of the record’s release. Read more..

By DOREEN CARVAJAL - The New York Times

Going to the Company Elders for Help

Hewlett-Packard is trying to galvanize thousands of its retirees into an auxiliary army of senior marketers, good-will ambassadors and volunteer sales people. Read more..

By MATT RICHTEL - The New York Times

Journalism in the Hands of the Neighborhood

The Knight Foundation in Miami is donating $25 million over five years “for innovative ideas using digital experiments to transform community news.” Read more..

By NOAM COHEN - The New York Times

New Challenge to Times Board: Dissidents With Large Stake

Management at The New York Times Company is facing another challenge from dissident investors complaining of poor decision-making. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

The Best Kind of Traffic for Web Sites

A study found that paid listings had a slight edge over “organic,” or unpaid, search results. Read more..

By ALEX MINDLIN - The New York Times

To Aim Ads, Web Is Keeping Closer Eye on You

A new analysis of online consumer data shows that large Web companies are learning more about people than ever from what they search for and do on the Internet. Read more..

By LOUISE STORY - The New York Times

TV Puts an Odd Lens on Politics

Since political coverage has migrated to the cable networks, the tenor and texture of campaign reporting are changing as well. Read more..

By DAVID CARR - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE32.4432.4531.6531.7055.6M
Cisco SystemsCSCO24.1224.4923.9923.9948.2M
JPMorgan ChaseJPM37.7038.2636.3136.4841.3M
Oracle Corp.ORCL19.1719.5019.0819.2836.6M
Wells Fargo & Co.WFC28.3228.5527.4427.8933.7M
Wal-Mart StoresWMT49.8750.0048.6448.8524.3M
AT&T Inc.T35.0635.2534.2634.6522.5M
Verizon CommunicationsVZ35.0535.2334.2534.3717.9M
Home DepotHD25.7525.9524.9625.0017.2M
Gilead SciencesGILD48.5648.5645.8946.1315.1M
Johnson & JohnsonJNJ61.7061.7461.1761.3314.2M
Procter & GamblePG65.7565.9265.5865.7613.8M
Walt Disney & Co.DIS30.8230.8230.2830.4612.6M
Bristol-Myers SquibbBMY21.8621.9121.2621.3312M
HP Inc.HPQ46.8547.4246.6146.7111.4M
Abbott LaboratoriesABT51.1951.1950.3350.6011.3M
International Business MachinesIBM113.12115.99113.12114.019.75M
United TechnologiesUTX67.6067.6066.1466.237.07M
UnitedHealth GroupUNH45.1645.7344.9745.076.17M
Union PacificUNP119.00121.19118.28118.772.22M
Berkshire HathawayBRK.B4446.004459.004343.004363.0022.8K
Exchange Rates of March 10, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.710 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 0.996 CAD1 CAD = 1.004 USD
US DollarSwiss Franc1 USD = 1.019 CHF1 CHF = 0.981 USD
US DollarChinese Yuan1 USD = 7.107 CNY1 CNY = 0.141 USD
EuroJapanese Yen1 EUR = 156.130 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.765 GBP1 GBP = 1.307 EUR
EuroAustralian Dollar1 EUR = 1.674 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.529 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.564 CHF1 CHF = 0.639 EUR
Japanese YenPound Sterling1 JPY = 0.490 GBP1 GBP = 2.042 JPY
Japanese YenAustralian Dollar1 JPY = 1.071 AUD1 AUD = 0.933 JPY
Japanese YenCanadian Dollar1 JPY = 0.979 CAD1 CAD = 1.022 JPY
Japanese YenSwiss Franc1 JPY = 1.001 CHF1 CHF = 0.999 JPY
Pound SterlingAustralian Dollar1 GBP = 2.188 AUD1 AUD = 0.457 GBP
Pound SterlingCanadian Dollar1 GBP = 1.998 CAD1 CAD = 0.500 GBP
Pound SterlingSwiss Franc1 GBP = 2.043 CHF1 CHF = 0.489 GBP
Australian DollarCanadian Dollar1 AUD = 0.913 CAD1 CAD = 1.096 AUD
Australian DollarSwiss Franc1 AUD = 0.934 CHF1 CHF = 1.071 AUD
Canadian DollarSwiss Franc1 CAD = 1.022 CHF1 CHF = 0.978 CAD

See what else happened on March 10, 2008