Financial news on March 12, 2008
Business and Financial news
Outside, there’s snow. Inside the balmy new KeyLime Cove Water Resort, waves pound a beach lined with Adirondack chairs. Read more..
French authorities said they have arrested a broker at Société Générale in connection with a trading scandal. Read more..
The Federal Reserve offered to let the biggest investment banks borrow up to $200 billion in Treasury securities, which sent stock prices soaring. Read more..
Jefferson County is teetering on the brink of bankruptcy after a series of exotic bond deals. It’s an extreme case, but one with echoes across the country. Read more..
Reversing a proposed decision issued last December, Medicare said that it would continue to cover the use of a scanning procedure used to detect heart disease. Read more..
The parent of Airbus posted a loss of 446 million euros, or $684 million, for 2007 but insisted that it has put the worst behind it. Read more..
A political showdown is blocking Japan from selecting the next leader of its central bank, increasing the chances that the post could sit vacant at a time of growing financial turmoil. Read more..
Millions of people are reluctant to change their technology habits just for the sake of progress. Read more..
The testimony on the second day of a trial to settle a dispute over the control of IAC/InterActiveCorp reduced a clash of billionaire titans to a debate about detail. Read more..
Children’s advocates contend that an Ohio hospital went too far by naming a department after Abercrombie & Fitch in exchange for a $10 million donation. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 29.43 | 29.49 | 28.54 | 28.63 | 76M |
General Electric | GE | 33.46 | 34.46 | 33.45 | 33.96 | 70.6M |
Cisco Systems | CSCO | 25.17 | 25.60 | 25.00 | 25.14 | 57M |
Intel | INTC | 21.17 | 21.49 | 20.98 | 21.12 | 53M |
Oracle Corp. | ORCL | 19.58 | 20.17 | 19.43 | 19.68 | 48.2M |
JPMorgan Chase | JPM | 38.85 | 40.23 | 38.40 | 38.61 | 44.6M |
Pfizer | PFE | 21.77 | 21.80 | 21.16 | 21.28 | 41.6M |
Wells Fargo & Co. | WFC | 30.26 | 31.59 | 29.44 | 29.54 | 39.5M |
Apple | AAPL | 127.04 | 128.68 | 125.17 | 126.03 | 37.8M |
UnitedHealth Group | UNH | 35.64 | 38.62 | 34.67 | 36.68 | 35.3M |
ExxonMobil | XOM | 86.61 | 87.23 | 85.68 | 85.97 | 26.6M |
Wal-Mart Stores | WMT | 50.02 | 50.72 | 49.94 | 50.29 | 26.3M |
AT&T Inc. | T | 36.20 | 36.20 | 35.21 | 35.32 | 25.2M |
Verizon Communications | VZ | 35.42 | 35.47 | 34.41 | 34.58 | 23M |
Home Depot | HD | 26.27 | 27.13 | 25.97 | 26.13 | 20M |
Altria | MO | 75.14 | 75.14 | 73.43 | 73.66 | 18.2M |
ConocoPhillips | COP | 78.87 | 79.25 | 77.72 | 78.32 | 16.3M |
Bristol-Myers Squibb | BMY | 21.74 | 21.77 | 21.30 | 21.36 | 16M |
Comcast | CMCSA | 19.71 | 19.73 | 19.40 | 19.45 | 16M |
Merck | MRK | 42.36 | 43.56 | 42.18 | 42.45 | 15.7M |
Alphabet | GOOGL | 440.01 | 447.88 | 438.07 | 440.18 | 13.3M |
Johnson & Johnson | JNJ | 62.90 | 63.13 | 62.14 | 62.55 | 13.1M |
Amgen | AMGN | 44.37 | 45.89 | 44.37 | 44.99 | 12.9M |
HP Inc. | HPQ | 47.66 | 47.99 | 47.11 | 47.27 | 12.3M |
Coca-Cola | KO | 59.39 | 59.49 | 58.96 | 59.19 | 11.3M |
Chevron | CVX | 87.50 | 88.58 | 86.56 | 86.73 | 11M |
Abbott Laboratories | ABT | 51.37 | 51.78 | 51.00 | 51.34 | 10.7M |
Schlumberger | SLB | 86.63 | 87.49 | 84.11 | 84.34 | 10.1M |
Walt Disney & Co. | DIS | 31.26 | 31.82 | 31.20 | 31.41 | 9.65M |
Procter & Gamble | PG | 66.84 | 67.63 | 66.64 | 67.04 | 9.64M |
International Business Machines | IBM | 116.10 | 118.00 | 115.11 | 117.07 | 9.08M |
Boeing | BA | 73.99 | 74.75 | 72.13 | 72.45 | 8.97M |
Gilead Sciences | GILD | 47.83 | 48.77 | 47.50 | 48.01 | 8.17M |
Amazon | AMZN | 66.77 | 68.23 | 65.64 | 66.51 | 7.75M |
McDonald's | MCD | 54.47 | 54.63 | 53.60 | 53.70 | 7.41M |
Pepsico | PEP | 69.97 | 70.32 | 69.40 | 69.56 | 6.05M |
United Technologies | UTX | 68.50 | 69.02 | 68.05 | 68.20 | 4.33M |
3M | MMM | 77.97 | 79.44 | 77.97 | 78.42 | 3.96M |
Union Pacific | UNP | 124.99 | 125.93 | 123.13 | 123.39 | 3.08M |
Berkshire Hathaway | BRK.B | 4425.00 | 4429.00 | 4340.00 | 4357.00 | 18.2K |
Exchange Rates of March 12, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 101.340 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 0.989 CAD | 1 CAD = 1.011 USD |
US Dollar | Swiss Franc | 1 USD = 1.014 CHF | 1 CHF = 0.986 USD |
US Dollar | Chinese Yuan | 1 USD = 7.102 CNY | 1 CNY = 0.141 USD |
Euro | Japanese Yen | 1 EUR = 157.740 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.767 GBP | 1 GBP = 1.303 EUR |
Euro | Australian Dollar | 1 EUR = 1.665 AUD | 1 AUD = 0.601 EUR |
Euro | Canadian Dollar | 1 EUR = 1.540 CAD | 1 CAD = 0.650 EUR |
Euro | Swiss Franc | 1 EUR = 1.577 CHF | 1 CHF = 0.634 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.486 GBP | 1 GBP = 2.057 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.055 AUD | 1 AUD = 0.948 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.976 CAD | 1 CAD = 1.025 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.000 CHF | 1 CHF = 1.000 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.170 AUD | 1 AUD = 0.461 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.006 CAD | 1 CAD = 0.498 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.055 CHF | 1 CHF = 0.487 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.924 CAD | 1 CAD = 1.082 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.946 CHF | 1 CHF = 1.057 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.024 CHF | 1 CHF = 0.977 CAD |
See what else happened on March 12, 2008