Financial news on March 11th, 2013

Business and Financial news
Algorithms Get a Human Hand in Steering Web

Computer algorithms are capable of trading stocks, arranging dates and winning “Jeopardy.” But increasingly, behind the curtain, there is a human helper. Read more..

By STEVE LOHR - The New York Times

Celebrities Help Unicef Turn On ‘Taps’ for Clean Water

The Unicef Tap Project intensifies its use of social media to promote fund-raising for clean drinking water for children worldwide. Read more..

By JANE L. LEVERE - The New York Times

Chairman of Sony Announces Retirement

Howard Stringer, first foreign president of Sony Corporation, will retire as chairman after a long struggle to unite the company; Stringer will be replaced by Kazuo Hirai. Read more..


Click for Career Enhancement

Companies such as CreativeLive and are offering niche online courses for professionals who want to hone specific career-oriented skills; industry has already attracted the interest of investors, who see potential for significant profits. Read more..

By NICK WINGFIELD - The New York Times

Egypt Needs Structural Help From I.M.F., Not Loans, Minister Says

An Egyptian official said the country needed help with broad structural measures from the International Monetary Fund, not stopgap financing. Read more..

By REUTERS - International Herald Tribune

Hedge Fund Manager Found and Jailed in Fraud

Italian police arrest Florian Homm, flamboyant former hedge fund manager who spent the last five years in hiding; Homm faces extradition to the United States on securities fraud charges that could expose him to a lengthy prison sentence. Read more..

By JACK EWING - The New York Times

Martha’s Brand Struggling for Right Fit

David Carr The Media Equation column investigates contract dispute between Martha Stewart Living Omnimedia, J C Penney and Macy's; notes that despite financial hardship at her company, Stewart's well-established brand remains heavily in demand by retailers. Read more..

By DAVID CARR - The New York Times

No Room for Lone Achievers

Patrick Imbardelli, chief executive of Pan Pacific Hotels Group, looks for people who can work as a team and make tough decisions. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE23.6923.7523.4523.6234.9M
Cisco SystemsCSCO21.7721.9821.6521.8829.1M
AT&T Inc.T36.6536.7736.4036.6020M
JPMorgan ChaseJPM50.2350.7749.9150.4819.5M
General MotorsGM27.9528.3927.5528.3119.1M
Wells Fargo & Co.WFC36.5837.1436.5337.1319M
HP Inc.HPQ20.8121.0520.7721.0314.7M
Oracle Corp.ORCL35.7035.9835.6435.8814.1M
Verizon CommunicationsVZ47.8647.9847.5547.819.54M
Johnson & JohnsonJNJ77.9278.5277.8478.448.81M
Gilead SciencesGILD45.5045.9545.1845.947.3M
Walt Disney & Co.DIS57.3957.7557.3457.667.16M
Bristol-Myers SquibbBMY37.2937.6637.2637.526.71M
Procter & GamblePG77.0277.3976.9077.356.62M
Wal-Mart StoresWMT73.0973.2472.8172.985.15M
Abbott LaboratoriesABT34.5934.9534.5234.934.9M
Home DepotHD71.3271.3871.0071.324.9M
UnitedHealth GroupUNH53.8354.6453.7554.214.01M
Berkshire HathawayBRK.B103.77104.15103.41104.073.27M
International Business MachinesIBM210.04210.20209.04210.083.05M
United TechnologiesUTX92.1693.1091.9192.912.57M
Union PacificUNP138.77139.99138.73139.691.28M
Exchange Rates of March 11th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96.320 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.026 CAD1 CAD = 0.975 USD
US DollarSwiss Franc1 USD = 0.947 CHF1 CHF = 1.056 USD
US DollarChinese Yuan1 USD = 6.218 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 125.650 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.144 EUR
EuroAustralian Dollar1 EUR = 1.269 AUD1 AUD = 0.788 EUR
EuroCanadian Dollar1 EUR = 1.338 CAD1 CAD = 0.747 EUR
EuroSwiss Franc1 EUR = 1.235 CHF1 CHF = 0.810 EUR
EuroChinese Yuan1 EUR = 8.088 CNY1 CNY = 0.124 EUR
Japanese YenPound Sterling1 JPY = 0.696 GBP1 GBP = 1.438 JPY
Japanese YenAustralian Dollar1 JPY = 1.010 AUD1 AUD = 0.990 JPY
Japanese YenCanadian Dollar1 JPY = 1.065 CAD1 CAD = 0.939 JPY
Japanese YenSwiss Franc1 JPY = 0.983 CHF1 CHF = 1.018 JPY
Pound SterlingAustralian Dollar1 GBP = 1.452 AUD1 AUD = 0.689 GBP
Pound SterlingCanadian Dollar1 GBP = 1.530 CAD1 CAD = 0.654 GBP
Pound SterlingSwiss Franc1 GBP = 1.412 CHF1 CHF = 0.708 GBP
Pound SterlingChinese Yuan1 GBP = 9.267 CNY1 CNY = 0.108 GBP
Australian DollarCanadian Dollar1 AUD = 1.054 CAD1 CAD = 0.949 AUD
Australian DollarSwiss Franc1 AUD = 0.973 CHF1 CHF = 1.028 AUD
Australian DollarChinese Yuan1 AUD = 6.375 CNY1 CNY = 0.157 AUD
Canadian DollarSwiss Franc1 CAD = 0.923 CHF1 CHF = 1.084 CAD
Canadian DollarChinese Yuan1 CAD = 6.051 CNY1 CNY = 0.165 CAD
Swiss FrancChinese Yuan1 CHF = 6.546 CNY1 CNY = 0.153 CHF

See what else happened on March 11th, 2013