Financial news on March 10, 2010

Business and Financial news
A Consumer Bill Gives Exemption on Payday Loans

Senator Bob Corker wants a proposed bank agency to be more lenient, but critics say consumers would be hurt. Read more..

By SEWELL CHAN - The New York Times

A Reluctance to Ride the Market

Only about 100 of 790 buildings that are eligible for hourly prices have opted for the Con Ed service. Read more..

By ALEC APPELBAUM - The New York Times

European Leaders Call for Crackdown on Derivatives

The multiple, and at times seemingly conflicted roles, of investment banks like Goldman Sachs have also drawn scrutiny. Read more..

By LYNNLEY BROWNING and MATTHEW SALTMARSH - The New York Times

Eurotunnel Eked Out Profit in Tough ’09

Net earnings were down 96 percent as the economy weakened cargo transportation and a breakdown of Eurostar trains disrupted year-end holiday travel. Read more..

By DAVID JOLLY - The New York Times

In Britain, a Debate Over Care for the Elderly

Prime Minister Gordon Brown’s plan to provide free care for the growing elderly population faces opposition at a time of record deficits. Read more..

By JULIA WERDIGIER - The New York Times

MGM Said to Be Considering a Prepackaged Bankruptcy

In such a move, Metro-Goldwyn-Mayer would be taken over by its creditors in exchange for debt forgiveness, people briefed on the matter said. Read more..

By MICHAEL J. de la MERCED - The New York Times

The Lithium Chase

As awareness spreads that lithium is an ingredient for hybrid cars, a hunt is under way for sources of the metal. Read more..

By CLIFFORD KRAUSS - The New York Times

Time to Celebrate? Not in a Big Way

A year has passed since the stock market rally began, but the global economy is still a long way from recovery. Read more..

By EDWARD HADAS and MARTIN HUTCHINSON - The New York Times

Wee Mousie, Fear Not a Touch PC

Finger gestures used on the iPhone can now be used on laptops and full-size computer screens, but the tactile experience isn’t quite the same. Read more..

By DAVID POGUE - The New York Times

With Warning, a Hip Device Is Withdrawn

DePuy Orthopaedics alerted doctors to a high early failure rate of its artificial hip after announcing it would phase out the device citing slow sales. Read more..

By BARRY MEIER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 25.85 26.06 25.75 25.87 69.7M
General Electric GE 16.49 16.61 16.42 16.51 67.8M
Intel INTC 20.95 21.29 20.91 21.19 58.4M
Pfizer PFE 17.21 17.35 17.11 17.15 56.3M
Microsoft MSFT 28.86 29.11 28.80 28.97 44.9M
Wells Fargo & Co. WFC 29.13 29.83 29.10 29.57 42.6M
JPMorgan Chase JPM 42.87 43.49 42.81 42.93 40.9M
ExxonMobil XOM 67.16 67.42 66.78 67.22 24.8M
AT&T Inc. T 25.61 25.72 25.37 25.52 23.5M
Oracle Corp. ORCL 24.79 25.02 24.68 24.87 23.1M
Apple AAPL 223.83 225.48 223.20 224.84 21.3M
Merck MRK 36.95 37.08 36.50 36.67 19.4M
Verizon Communications VZ 29.99 30.04 29.62 29.75 19.4M
Comcast CMCSA 17.42 17.68 17.37 17.53 18.8M
Abbott Laboratories ABT 54.81 55.55 54.72 55.03 17M
Bristol-Myers Squibb BMY 25.09 25.67 25.08 25.65 16.8M
ConocoPhillips COP 50.87 51.62 50.85 51.47 15.9M
Altria MO 20.80 20.86 20.70 20.82 15.7M
Chevron CVX 74.14 74.33 73.25 73.96 14.7M
Wal-Mart Stores WMT 53.67 54.02 53.53 53.63 12.7M
Schlumberger SLB 64.01 64.52 63.23 64.20 11.9M
HP Inc. HPQ 51.86 52.09 51.61 51.78 11.7M
Alphabet GOOGL 563.76 578.50 562.21 576.45 11.3M
Coca-Cola KO 54.26 54.37 54.04 54.20 10.8M
Boeing BA 68.14 70.48 68.03 70.01 10.6M
Home Depot HD 31.59 31.88 31.45 31.71 10.5M
Procter & Gamble PG 63.23 63.29 62.86 63.01 9.81M
Walt Disney & Co. DIS 33.18 33.60 33.10 33.33 9.65M
Johnson & Johnson JNJ 64.49 64.56 64.15 64.29 8.44M
Union Pacific UNP 70.75 72.03 70.50 71.60 7.84M
UnitedHealth Group UNH 33.02 33.55 32.94 33.24 7.42M
Visa V 89.74 91.81 89.55 91.52 7.11M
International Business Machines IBM 125.99 126.36 125.21 125.62 6.92M
McDonald's MCD 65.02 65.24 64.73 64.94 6.9M
Pepsico PEP 64.30 64.59 64.01 64.43 6.45M
Gilead Sciences GILD 47.50 47.75 47.25 47.28 6.36M
Berkshire Hathaway BRK.B 82.54 82.84 81.65 82.07 5.88M
Amazon AMZN 129.11 131.17 128.48 130.51 5.63M
United Technologies UTX 71.97 72.22 71.38 71.79 4.9M
Amgen AMGN 57.98 57.99 57.50 57.78 4.62M
3M MMM 81.92 82.06 81.25 81.56 3.58M
Exchange Rates of March 10, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.490 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.025 CAD 1 CAD = 0.976 USD
US Dollar Swiss Franc 1 USD = 1.070 CHF 1 CHF = 0.935 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 123.610 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.912 GBP 1 GBP = 1.097 EUR
Euro Australian Dollar 1 EUR = 1.491 AUD 1 AUD = 0.671 EUR
Euro Canadian Dollar 1 EUR = 1.400 CAD 1 CAD = 0.715 EUR
Euro Swiss Franc 1 EUR = 1.461 CHF 1 CHF = 0.685 EUR
Euro Chinese Yuan 1 EUR = 9.320 CNY 1 CNY = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.737 GBP 1 GBP = 1.356 JPY
Japanese Yen Australian Dollar 1 JPY = 1.206 AUD 1 AUD = 0.829 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.132 CAD 1 CAD = 0.883 JPY
Japanese Yen Swiss Franc 1 JPY = 1.182 CHF 1 CHF = 0.846 JPY
Pound Sterling Australian Dollar 1 GBP = 1.636 AUD 1 AUD = 0.611 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.534 CAD 1 CAD = 0.652 GBP
Pound Sterling Swiss Franc 1 GBP = 1.602 CHF 1 CHF = 0.624 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.211 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 = 0.979 CHF 1 CHF = 1.021 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.247 CNY 1 CNY = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.043 CHF 1 CHF = 0.958 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.658 CNY 1 CNY = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.376 CNY 1 CNY = 0.157 CHF

See what else happened on March 10, 2010