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The automaker said that it had withdrawn the $2 billion request because it was making progress cutting costs.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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 9.90 9.98 9.30 9.62 216M
Wells Fargo & Co. WFC 14.47 15.01 12.91 13.94 197M
JPMorgan Chase JPM 23.64 24.33 22.91 23.75 120M
Pfizer PFE 14.01 14.72 13.84 14.54 83.2M
Microsoft MSFT 16.99 17.05 16.18 16.65 83M
Intel INTC 14.56 14.70 14.21 14.70 66.6M
Merck MRK 24.26 27.70 24.26 27.07 57.3M
Cisco Systems CSCO 15.46 15.69 15.25 15.51 43.1M
ExxonMobil XOM 67.27 67.63 66.37 67.20 35.2M
ConocoPhillips COP 37.90 38.04 35.35 36.41 34.1M
Oracle Corp. ORCL 15.69 15.70 15.28 15.56 30.9M
AT&T Inc. T 24.70 24.75 23.86 24.27 27.8M
Abbott Laboratories ABT 46.94 47.18 46.01 46.85 27.7M
HP Inc. HPQ 29.51 30.00 29.13 29.45 23.7M
Home Depot HD 20.44 21.00 19.80 20.71 22.2M
Apple AAPL 96.30 97.20 95.01 95.93 21.5M
Wal-Mart Stores WMT 48.67 49.47 48.34 49.19 20.6M
Comcast CMCSA 13.24 13.41 12.60 13.03 20.2M
Altria MO 16.29 16.86 16.06 16.68 18.1M
Walt Disney & Co. DIS 17.60 17.64 17.01 17.13 17.5M
Johnson & Johnson JNJ 49.68 50.79 49.25 50.64 16.5M
Bristol-Myers Squibb BMY 21.00 21.00 20.47 20.95 16.5M
Verizon Communications VZ 28.29 28.46 27.85 28.40 16.1M
Chevron CVX 63.88 63.98 62.10 62.91 14.4M
Procter & Gamble PG 46.10 47.08 45.66 46.95 13.9M
Visa V 54.26 55.35 51.70 52.05 12.4M
Schlumberger SLB 40.35 40.35 38.55 39.30 12.2M
Coca-Cola KO 41.08 41.45 40.43 41.22 12.2M
UnitedHealth Group UNH 20.51 21.68 20.39 21.36 11.7M
McDonald's MCD 52.72 52.97 51.87 52.38 11.4M
Gilead Sciences GILD 44.58 45.47 44.26 45.43 10.2M
International Business Machines IBM 90.40 90.65 89.29 90.36 9.11M
United Technologies UTX 41.46 41.92 40.30 40.57 9.08M
Amazon AMZN 69.66 69.74 67.53 68.63 8.9M
Amgen AMGN 50.68 51.42 49.90 51.25 8.63M
Pepsico PEP 48.58 48.81 47.93 48.62 7.98M
Alphabet GOOGL 326.10 327.46 319.03 324.42 7.8M
Boeing BA 33.85 34.10 32.93 33.40 7.43M
3M MMM 48.32 48.50 47.31 48.00 5.06M
Union Pacific UNP 37.51 38.26 36.64 37.18 3.92M
Berkshire Hathaway BRK.B 2825.00 2828.00 2661.00 2741.50 37.4K
Exchange Rates of March 13, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.930 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.272 CAD 1 CAD = 0.786 USD
US Dollar Swiss Franc 1 USD = 1.185 CHF 1 CHF = 0.844 USD
US Dollar Chinese Yuan 1 USD = 6.839 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 126.630 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.923 GBP 1 GBP = 1.083 EUR
Euro Australian Dollar 1 EUR = 1.964 AUD 1 AUD = 0.509 EUR
Euro Canadian Dollar 1 EUR = 1.644 CAD 1 CAD = 0.608 EUR
Euro Swiss Franc 1 EUR = 1.532 CHF 1 CHF = 0.653 EUR
Euro Chinese Yuan 1 EUR = 8.841 CNY 1 CNY = 0.113 EUR
Japanese Yen Pound Sterling 1 JPY = 0.729 GBP 1 GBP = 1.373 JPY
Japanese Yen Australian Dollar 1 JPY = 1.550 AUD 1 AUD = 0.645 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.297 CAD 1 CAD = 0.771 JPY
Japanese Yen Swiss Franc 1 JPY = 1.209 CHF 1 CHF = 0.827 JPY
Pound Sterling Australian Dollar 1 GBP = 2.127 AUD 1 AUD = 0.470 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.780 CAD 1 CAD = 0.562 GBP
Pound Sterling Swiss Franc 1 GBP = 1.659 CHF 1 CHF = 0.603 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.565 CNY 1 CNY = 0.105 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.837 CAD 1 CAD = 1.195 AUD
Australian Dollar Swiss Franc 1 AUD = 0.780 CHF 1 CHF = 1.283 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.501 CNY 1 CNY = 0.222 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.931 CHF 1 CHF = 1.074 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.377 CNY 1 CNY = 0.186 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.770 CNY 1 CNY = 0.173 CHF

See what else happened on March 13, 2009