Financial news on March 13, 2009

Business and Financial news
A Besieged Bank, and Its Hometown, Look Inward

In Charlotte, N.C., where Bank of America casts a long shadow, there is concern about the bank’s leadership. Read more..

By LOUISE STORY - The New York Times

American Apparel Said to Sell Stake to Private Equity Firm

The clothing company’s shares have fallen on concern that it might miss debt payments due soon. Read more..

By ANDREW ROSS SORKIN - The New York Times

Congresswoman, Tied to Bank, Helped Seek Funds

Maxine Waters facilitated contact between regulators and a bank chief with ties to her family seeking bailout funds. Read more..

By ERIC LIPTON and JIM RUTENBERG - The New York Times

Decline in Retail Sales Is Gentler Than Expected, but No Cause for Optimism

The government’s figures suggest the pace of the downturn may at least be slowing, but economists cautioned against breathing any sighs of relief. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Executive From Google to Replace Two at AOL

The dismissals continue the years-long turmoil in AOL’s top ranks. The new chairman and chief executive will be Tim Armstrong. Read more..

By SAUL HANSELL - The New York Times

Forget Britney; Media Outrage Hits Big Spenders

The tabloid media is expanding to the likes of Bernard L. Madoff, tapping into populist anger at corporate America. Read more..

By BRIAN STELTER - The New York Times

German Automakers Offer Reminder of Industry's Malaise

BMW posted a loss for the fourth quarter of 2008 and Volkswagen warned of more tough times ahead. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

G.M. Says It Won’t Need Finance Infusion in March

The automaker said that it had withdrawn the $2 billion request because it was making progress cutting costs. Read more..

By NICK BUNKLEY - The New York Times

Obama Defends Agenda as More Than Recession

The president rejected criticism that he is trying to do too much at once by advancing plans on health care, energy and education while dealing with the economic crisis. Read more..

By PETER BAKER - The New York Times

Steve Bernard, Who Founded Cape Cod Chips, Dies at 61

Mr. Bernard started Cape Cod Potato Chips in 1980 from a storefront in Hyannis, Mass., with the brand eventually finding its way to food markets nationwide. Read more..

By BRUCE WEBER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE9.909.989.309.62216M
Wells Fargo & Co.WFC14.4715.0112.9113.94197M
JPMorgan ChaseJPM23.6424.3322.9123.75120M
PfizerPFE14.0114.7213.8414.5483.2M
MicrosoftMSFT16.9917.0516.1816.6583M
IntelINTC14.5614.7014.2114.7066.6M
MerckMRK24.2627.7024.2627.0757.3M
Cisco SystemsCSCO15.4615.6915.2515.5143.1M
ExxonMobilXOM67.2767.6366.3767.2035.2M
ConocoPhillipsCOP37.9038.0435.3536.4134.1M
Oracle Corp.ORCL15.6915.7015.2815.5630.9M
AT&T Inc.T24.7024.7523.8624.2727.8M
Abbott LaboratoriesABT46.9447.1846.0146.8527.7M
HP Inc.HPQ29.5130.0029.1329.4523.7M
Home DepotHD20.4421.0019.8020.7122.2M
AppleAAPL96.3097.2095.0195.9321.5M
Wal-Mart StoresWMT48.6749.4748.3449.1920.6M
ComcastCMCSA13.2413.4112.6013.0320.2M
AltriaMO16.2916.8616.0616.6818.1M
Walt Disney & Co.DIS17.6017.6417.0117.1317.5M
Johnson & JohnsonJNJ49.6850.7949.2550.6416.5M
Bristol-Myers SquibbBMY21.0021.0020.4720.9516.5M
Verizon CommunicationsVZ28.2928.4627.8528.4016.1M
ChevronCVX63.8863.9862.1062.9114.4M
Procter & GamblePG46.1047.0845.6646.9513.9M
VisaV54.2655.3551.7052.0512.4M
SchlumbergerSLB40.3540.3538.5539.3012.2M
Coca-ColaKO41.0841.4540.4341.2212.2M
UnitedHealth GroupUNH20.5121.6820.3921.3611.7M
McDonald'sMCD52.7252.9751.8752.3811.4M
Gilead SciencesGILD44.5845.4744.2645.4310.2M
International Business MachinesIBM90.4090.6589.2990.369.11M
United TechnologiesUTX41.4641.9240.3040.579.08M
AmazonAMZN69.6669.7467.5368.638.9M
AmgenAMGN50.6851.4249.9051.258.63M
PepsicoPEP48.5848.8147.9348.627.98M
AlphabetGOOGL326.10327.46319.03324.427.8M
BoeingBA33.8534.1032.9333.407.43M
3MMMM48.3248.5047.3148.005.06M
Union PacificUNP37.5138.2636.6437.183.92M
Berkshire HathawayBRK.B2825.002828.002661.002741.5037.4K
Exchange Rates of March 13, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.930 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.272 CAD1 CAD = 0.786 USD
US DollarSwiss Franc1 USD = 1.185 CHF1 CHF = 0.844 USD
US DollarChinese Yuan1 USD = 6.839 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 126.630 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.923 GBP1 GBP = 1.083 EUR
EuroAustralian Dollar1 EUR = 1.964 AUD1 AUD = 0.509 EUR
EuroCanadian Dollar1 EUR = 1.644 CAD1 CAD = 0.608 EUR
EuroSwiss Franc1 EUR = 1.532 CHF1 CHF = 0.653 EUR
EuroChinese Yuan1 EUR = 8.841 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.729 GBP1 GBP = 1.373 JPY
Japanese YenAustralian Dollar1 JPY = 1.550 AUD1 AUD = 0.645 JPY
Japanese YenCanadian Dollar1 JPY = 1.297 CAD1 CAD = 0.771 JPY
Japanese YenSwiss Franc1 JPY = 1.209 CHF1 CHF = 0.827 JPY
Pound SterlingAustralian Dollar1 GBP = 2.127 AUD1 AUD = 0.470 GBP
Pound SterlingCanadian Dollar1 GBP = 1.780 CAD1 CAD = 0.562 GBP
Pound SterlingSwiss Franc1 GBP = 1.659 CHF1 CHF = 0.603 GBP
Pound SterlingChinese Yuan1 GBP = 9.565 CNY1 CNY = 0.105 GBP
Australian DollarCanadian Dollar1 AUD = 0.837 CAD1 CAD = 1.195 AUD
Australian DollarSwiss Franc1 AUD = 0.780 CHF1 CHF = 1.283 AUD
Australian DollarChinese Yuan1 AUD = 4.501 CNY1 CNY = 0.222 AUD
Canadian DollarSwiss Franc1 CAD = 0.931 CHF1 CHF = 1.074 CAD
Canadian DollarChinese Yuan1 CAD = 5.377 CNY1 CNY = 0.186 CAD
Swiss FrancChinese Yuan1 CHF = 5.770 CNY1 CNY = 0.173 CHF

See what else happened on March 13, 2009