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With Warning, a Hip Device Is Withdrawn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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.8526.0625.7525.8769.7M
General ElectricGE16.4916.6116.4216.5167.8M
IntelINTC20.9521.2920.9121.1958.4M
PfizerPFE17.2117.3517.1117.1556.3M
MicrosoftMSFT28.8629.1128.8028.9744.9M
Wells Fargo & Co.WFC29.1329.8329.1029.5742.6M
JPMorgan ChaseJPM42.8743.4942.8142.9340.9M
ExxonMobilXOM67.1667.4266.7867.2224.8M
AT&T Inc.T25.6125.7225.3725.5223.5M
Oracle Corp.ORCL24.7925.0224.6824.8723.1M
AppleAAPL223.83225.48223.20224.8421.3M
MerckMRK36.9537.0836.5036.6719.4M
Verizon CommunicationsVZ29.9930.0429.6229.7519.4M
ComcastCMCSA17.4217.6817.3717.5318.8M
Abbott LaboratoriesABT54.8155.5554.7255.0317M
Bristol-Myers SquibbBMY25.0925.6725.0825.6516.8M
ConocoPhillipsCOP50.8751.6250.8551.4715.9M
AltriaMO20.8020.8620.7020.8215.7M
ChevronCVX74.1474.3373.2573.9614.7M
Wal-Mart StoresWMT53.6754.0253.5353.6312.7M
SchlumbergerSLB64.0164.5263.2364.2011.9M
HP Inc.HPQ51.8652.0951.6151.7811.7M
AlphabetGOOGL563.76578.50562.21576.4511.3M
Coca-ColaKO54.2654.3754.0454.2010.8M
BoeingBA68.1470.4868.0370.0110.6M
Home DepotHD31.5931.8831.4531.7110.5M
Procter & GamblePG63.2363.2962.8663.019.81M
Walt Disney & Co.DIS33.1833.6033.1033.339.65M
Johnson & JohnsonJNJ64.4964.5664.1564.298.44M
Union PacificUNP70.7572.0370.5071.607.84M
UnitedHealth GroupUNH33.0233.5532.9433.247.42M
VisaV89.7491.8189.5591.527.11M
International Business MachinesIBM125.99126.36125.21125.626.92M
McDonald'sMCD65.0265.2464.7364.946.9M
PepsicoPEP64.3064.5964.0164.436.45M
Gilead SciencesGILD47.5047.7547.2547.286.36M
Berkshire HathawayBRK.B82.5482.8481.6582.075.88M
AmazonAMZN129.11131.17128.48130.515.63M
United TechnologiesUTX71.9772.2271.3871.794.9M
AmgenAMGN57.9857.9957.5057.784.62M
3MMMM81.9282.0681.2581.563.58M
Exchange Rates of March 10, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.490 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.025 CAD1 CAD = 0.976 USD
US DollarSwiss Franc1 USD = 1.070 CHF1 CHF = 0.935 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 123.610 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.912 GBP1 GBP = 1.097 EUR
EuroAustralian Dollar1 EUR = 1.491 AUD1 AUD = 0.671 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.715 EUR
EuroSwiss Franc1 EUR = 1.461 CHF1 CHF = 0.685 EUR
EuroChinese Yuan1 EUR = 9.320 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.737 GBP1 GBP = 1.356 JPY
Japanese YenAustralian Dollar1 JPY = 1.206 AUD1 AUD = 0.829 JPY
Japanese YenCanadian Dollar1 JPY = 1.132 CAD1 CAD = 0.883 JPY
Japanese YenSwiss Franc1 JPY = 1.182 CHF1 CHF = 0.846 JPY
Pound SterlingAustralian Dollar1 GBP = 1.636 AUD1 AUD = 0.611 GBP
Pound SterlingCanadian Dollar1 GBP = 1.534 CAD1 CAD = 0.652 GBP
Pound SterlingSwiss Franc1 GBP = 1.602 CHF1 CHF = 0.624 GBP
Pound SterlingChinese Yuan1 GBP = 10.211 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.938 CAD1 CAD = 1.066 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.021 AUD
Australian DollarChinese Yuan1 AUD = 6.247 CNY1 CNY = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 1.043 CHF1 CHF = 0.958 CAD
Canadian DollarChinese Yuan1 CAD = 6.658 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.376 CNY1 CNY = 0.157 CHF

See what else happened on March 10, 2010