Financial news on March 13, 2008

Business and Financial news
2 Weeks Off for Almost Everyone at Chrysler

The automaker announced that it planned to halt virtually all of its operations for two weeks in July as part of its effort to cut costs and return to profitability. Read more..

By NICK BUNKLEY - The New York Times

British Budget Raises Taxes and Borrowing

To deal with an economic slowdown, the government, which has been aiming to lower the deficit, said it would borrow an additional £7 billion, or $14 billion, next year. Read more..

By JULIA WERDIGIER - The New York Times

Carlyle Fund Expects Assets Will Be Seized

Shares of Carlyle Capital lost most of their value after discussions with banks to refinance the fund failed. Read more..

By JULIA WERDIGIER - The New York Times

Gazprom and Ukraine Detail Gas Settlement

The two sides have agreed to eliminate intermediaries from the gas distribution market in Ukraine, including a gas trading company partly owned by Gazprom that has been much criticized. Read more..

By ANDREW E. KRAMER - The New York Times

New Inspections Ground 38 Southwest Jets

The episode raises further questions about Southwest’s maintenance procedures and about oversight by the Federal Aviation Administration. Read more..

By JEFF BAILEY - The New York Times

Putting a Hard Number on Retirement

The United States arm of ING is launching a “Your Number” campaign, which refers to the amount of money that you will need to retire comfortably. Read more..

By LYNNLEY BROWNING - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28,54 28,99 28,16 28,62 84.6M
Cisco Systems CSCO 24,84 25,12 24,40 24,95 77M
Intel INTC 20,82 21,49 20,74 21,28 66.7M
General Electric GE 33,52 34,51 33,31 34,25 64.5M
Wells Fargo & Co. WFC 28,80 29,82 27,87 29,48 51.6M
JPMorgan Chase JPM 37,85 38,95 36,63 38,11 45.5M
Apple AAPL 124,10 129,50 123,00 127,94 45.1M
Pfizer PFE 21,07 21,37 20,79 21,21 44M
Oracle Corp. ORCL 19,57 19,99 19,36 19,84 43.7M
Amgen AMGN 44,85 48,55 43,83 47,18 31.3M
UnitedHealth Group UNH 37,70 39,65 37,11 38,28 30.4M
Wal-Mart Stores WMT 50,00 50,67 49,46 50,60 29.9M
ExxonMobil XOM 85,17 87,50 84,90 87,05 29.3M
Comcast CMCSA 19,39 19,58 19,24 19,40 27.8M
AT&T Inc. T 34,92 35,90 34,65 35,50 24.9M
ConocoPhillips COP 77,62 78,69 77,06 78,02 21.4M
Merck MRK 42,24 42,71 41,54 41,93 20.3M
Home Depot HD 25,86 26,66 25,48 26,48 20.2M
Altria MO 72,99 73,63 72,10 73,45 17.7M
Abbott Laboratories ABT 51,36 52,99 51,15 52,55 17.3M
Verizon Communications VZ 34,09 35,10 33,71 34,67 16.6M
Procter & Gamble PG 66,71 67,63 66,59 67,36 16.2M
Johnson & Johnson JNJ 62,11 63,44 61,66 62,81 15.8M
HP Inc. HPQ 46,59 47,52 46,09 47,02 15.7M
Alphabet GOOGL 432,67 446,98 428,78 443,01 15.4M
McDonald's MCD 53,40 55,12 53,40 54,89 12M
Bristol-Myers Squibb BMY 21,14 21,70 20,90 21,41 11.8M
Gilead Sciences GILD 48,32 49,07 47,41 48,49 11M
Chevron CVX 86,00 87,61 85,41 87,04 11M
Boeing BA 71,81 74,42 71,59 74,18 10.9M
Amazon AMZN 65,11 69,55 64,37 68,32 10.7M
Walt Disney & Co. DIS 31,06 31,58 30,82 31,33 10.6M
Schlumberger SLB 83,15 85,76 81,82 85,16 9.68M
International Business Machines IBM 115,69 116,78 113,64 115,91 9.55M
Coca-Cola KO 58,55 59,10 58,31 58,93 8.77M
Pepsico PEP 69,00 69,74 68,26 69,24 6.73M
United Technologies UTX 67,39 68,99 67,08 68,51 5.17M
3M MMM 77,49 79,58 77,16 79,08 4.29M
Union Pacific UNP 121,50 123,88 120,51 123,38 2.8M
Berkshire Hathaway BRK.B 4333,00 4369,00 4300,00 4334,00 16.2K
Exchange Rates of March 13, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 100,430 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 0,983 CAD 1 CAD = 1,018 USD
US Dollar Swiss Franc 1 USD = 1,009 CHF 1 CHF = 0,991 USD
US Dollar Chinese Yuan 1 USD = 7,090 CNY 1 CNY = 0,141 USD
Euro Japanese Yen 1 EUR = 156,780 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,769 GBP 1 GBP = 1,301 EUR
Euro Australian Dollar 1 EUR = 1,652 AUD 1 AUD = 0,605 EUR
Euro Canadian Dollar 1 EUR = 1,536 CAD 1 CAD = 0,651 EUR
Euro Swiss Franc 1 EUR = 1,576 CHF 1 CHF = 0,635 EUR
Japanese Yen Pound Sterling 1 JPY = 0,490 GBP 1 GBP = 2,040 JPY
Japanese Yen Australian Dollar 1 JPY = 1,054 AUD 1 AUD = 0,949 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,979 CAD 1 CAD = 1,021 JPY
Japanese Yen Swiss Franc 1 JPY = 1,005 CHF 1 CHF = 0,995 JPY
Pound Sterling Australian Dollar 1 GBP = 2,150 AUD 1 AUD = 0,465 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,998 CAD 1 CAD = 0,501 GBP
Pound Sterling Swiss Franc 1 GBP = 2,049 CHF 1 CHF = 0,488 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,929 CAD 1 CAD = 1,077 AUD
Australian Dollar Swiss Franc 1 AUD = 0,953 CHF 1 CHF = 1,049 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,026 CHF 1 CHF = 0,975 CAD

See what else happened on March 13, 2008