Financial news on March 11th, 2009

Business and Financial news
Appeal of Short-Term Leases Grows in Manhattan

In all of Manhattan, about a fifth of the office leases that were signed in the fourth quarter of 2008 were for three years or less. Read more..

By J. ALEX TARQUINIO - The New York Times

In a Switch, Citigroup Lifts Stocks

A glimmer of optimism about the nation’s banks sparked a rally but many experts warned that it could be short-lived. Read more..

By ERIC DASH and JACK HEALY - The New York Times

Madoff Lawyer Absorbs Part of the Rage

Ira Lee Sorkin has received many threats over his defense of Bernard L. Madoff — one of the many twists in a busy career. Read more..

By DIANA B. HENRIQUES - The New York Times

Robert J. Cole, Business Journalist, Dies at 83

Mr. Cole doggedly covered major mergers and acquisitions in the 1970s and ’80s. Read more..

By THE NEW YORK TIMES - The New York Times

The Looting of America’s Coffers

An academic paper in the early 1990s had predicted the behavior of the banks when it came to relying on the government to absorb their losses. Read more..

By DAVID LEONHARDT - The New York Times

The Upfront Season This Time Won’t Be Too Upbeat

The deepening recession is forcing advertisers to act more selectively, which may come at the expense of niche channels. Read more..

By BRIAN STELTER - The New York Times

What’s in the New Student Loan Proposal

A primer on the Obama administration’s proposed overhaul of Pell grants and other federal college aid programs. Read more..

By JONATHAN D. GLATER - The New York Times

William Morris and Endeavor Explore a Merger

The merger of the two talent agencies would challenge the leadership position of Creative Artists Agency. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE9.239.368.318.49251M
Wells Fargo & Co.WFC12.4512.7311.3211.88190M
JPMorgan ChaseJPM20.3020.9119.1220.40155M
Cisco SystemsCSCO14.7915.2014.5215.0255M
Oracle Corp.ORCL15.2815.4614.7315.3446.6M
AT&T Inc.T23.2423.6422.9523.3533.9M
Abbott LaboratoriesABT47.3047.3044.4244.4730.7M
HP Inc.HPQ27.8728.9127.6028.6127.9M
Wal-Mart StoresWMT48.7148.8147.1647.4626.1M
Home DepotHD19.4219.9219.2019.6821.7M
Bristol-Myers SquibbBMY20.4020.6219.4219.4819.6M
Johnson & JohnsonJNJ48.2248.7347.5747.9016.6M
UnitedHealth GroupUNH19.4220.3118.7719.1215.8M
Walt Disney & Co.DIS16.7616.9816.3816.5915M
Verizon CommunicationsVZ28.0028.0027.2627.4414.9M
Procter & GamblePG45.5945.7444.7645.0713.4M
International Business MachinesIBM87.5189.5486.7288.6211.8M
Gilead SciencesGILD44.6545.2543.8244.0411.1M
United TechnologiesUTX40.8541.6940.3541.0610.1M
Union PacificUNP36.1137.1835.6936.546.04M
Berkshire HathawayBRK.B2773.002829.002666.002740.0077.3K
Exchange Rates of March 11th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.300 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.284 CAD1 CAD = 0.779 USD
US DollarSwiss Franc1 USD = 1.152 CHF1 CHF = 0.868 USD
US DollarChinese Yuan1 USD = 6.840 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 125.000 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.926 GBP1 GBP = 1.080 EUR
EuroAustralian Dollar1 EUR = 1.971 AUD1 AUD = 0.507 EUR
EuroCanadian Dollar1 EUR = 1.649 CAD1 CAD = 0.606 EUR
EuroSwiss Franc1 EUR = 1.481 CHF1 CHF = 0.675 EUR
EuroChinese Yuan1 EUR = 8.781 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.740 GBP1 GBP = 1.351 JPY
Japanese YenAustralian Dollar1 JPY = 1.577 AUD1 AUD = 0.634 JPY
Japanese YenCanadian Dollar1 JPY = 1.319 CAD1 CAD = 0.758 JPY
Japanese YenSwiss Franc1 JPY = 1.184 CHF1 CHF = 0.845 JPY
Pound SterlingAustralian Dollar1 GBP = 2.129 AUD1 AUD = 0.470 GBP
Pound SterlingCanadian Dollar1 GBP = 1.781 CAD1 CAD = 0.561 GBP
Pound SterlingSwiss Franc1 GBP = 1.598 CHF1 CHF = 0.626 GBP
Pound SterlingChinese Yuan1 GBP = 9.472 CNY1 CNY = 0.106 GBP
Australian DollarCanadian Dollar1 AUD = 0.836 CAD1 CAD = 1.196 AUD
Australian DollarSwiss Franc1 AUD = 0.750 CHF1 CHF = 1.333 AUD
Australian DollarChinese Yuan1 AUD = 4.454 CNY1 CNY = 0.225 AUD
Canadian DollarSwiss Franc1 CAD = 0.897 CHF1 CHF = 1.115 CAD
Canadian DollarChinese Yuan1 CAD = 5.328 CNY1 CNY = 0.188 CAD
Swiss FrancChinese Yuan1 CHF = 5.931 CNY1 CNY = 0.169 CHF

See what else happened on March 11th, 2009