Financial news on March 16th, 2010

Business and Financial news
An Insistence on Safety in Filling Exit-Row Seats

Richard M. Owens found out what he would do in a real airplane emergency on a harrowing approach into Miami about five years ago. Read more..

By JOE SHARKEY - The New York Times

Dow Manages to Turn Higher at the Close

Fuel costs declined and investors grew nervous that lawmakers were moving closer to restricting speculative trading. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Europe Creates an Apparatus to Provide Loans to Greece

Officials said that they were ready to pledge financial assistance to Greece, but that the country had not asked for help. Read more..

By STEPHEN CASTLE - The New York Times

Greenberg on Two Years After Bear's Fall

On the two-year anniversary of JPMorgan Chase’s agreement to buy Bear Stearns, Alan C. Greenberg told Bloomberg Television about life after the 85-year-old investment bank’s near-collapse. Read more..

By DEALBOOK - The New York Times

Phillips-Van Heusen Buys Hilfiger for $3 Billion

The deal means yet another owner for Tommy Hilfiger, once a leading purveyor of colorful preppy clothing that has weathered a series of ups and downs. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Production Increases Again, Pointing to Improved Demand

Industrial production edged up 0.1 percent in February, topping expectations and becoming the eighth monthly increase. Read more..

By JAVIER C. HERNANDEZ - The New York Times

The Perils of Pay Less, Get More

Demand for government services grows, but taxes don’t. This is the main reason for our budget problems. Read more..

By DAVID LEONHARDT - The New York Times

The Rental Car Squeeze

Add-ons like roadside assistance and insurance packages are getting a harder sell in the auto rental industry, travelers say. Read more..

By ELIZABETH OLSON - The New York Times

Yellen May Prove Less Than Dovish

Janet L. Yellen, a possible new Fed governor, has shown signs of being a hawk on avoiding inflation and asset bubbles. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.4918.1617.4518.07229M
Cisco SystemsCSCO26.0326.3426.0126.1553.9M
Wells Fargo & Co.WFC29.9330.3229.7430.2840.2M
JPMorgan ChaseJPM43.3543.3842.6943.2428.6M
Oracle Corp.ORCL25.3825.4124.9025.2125.5M
Wal-Mart StoresWMT55.8856.2755.6055.9918.5M
AT&T Inc.T25.8625.9925.7125.8517.6M
Verizon CommunicationsVZ29.9530.0029.7729.9313.7M
Home DepotHD32.6132.8132.3532.5513.7M
UnitedHealth GroupUNH32.1533.1132.0933.0512.9M
Abbott LaboratoriesABT54.8454.9954.4754.6812.4M
HP Inc.HPQ52.3052.4652.0952.3511.3M
Procter & GamblePG63.7263.9063.4263.538.94M
Johnson & JohnsonJNJ64.7064.7264.2364.538.88M
Bristol-Myers SquibbBMY25.8926.0225.7425.998.6M
Walt Disney & Co.DIS33.7433.8333.4933.758.47M
International Business MachinesIBM128.00128.88127.45128.676.13M
Gilead SciencesGILD47.5447.6047.2247.475.38M
United TechnologiesUTX71.9772.5071.5972.405.15M
Berkshire HathawayBRK.B82.2882.5181.7482.304.54M
Union PacificUNP72.8873.4972.7573.453.73M
Exchange Rates of March 16th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.220 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.014 CAD1 CAD = 0.986 USD
US DollarSwiss Franc1 USD = 1.055 CHF1 CHF = 0.948 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.290 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.903 GBP1 GBP = 1.108 EUR
EuroAustralian Dollar1 EUR = 1.497 AUD1 AUD = 0.668 EUR
EuroCanadian Dollar1 EUR = 1.396 CAD1 CAD = 0.716 EUR
EuroSwiss Franc1 EUR = 1.452 CHF1 CHF = 0.689 EUR
EuroChinese Yuan1 EUR = 9.401 CNY1 CNY = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.726 GBP1 GBP = 1.377 JPY
Japanese YenAustralian Dollar1 JPY = 1.204 AUD1 AUD = 0.831 JPY
Japanese YenCanadian Dollar1 JPY = 1.123 CAD1 CAD = 0.891 JPY
Japanese YenSwiss Franc1 JPY = 1.168 CHF1 CHF = 0.856 JPY
Pound SterlingAustralian Dollar1 GBP = 1.658 AUD1 AUD = 0.603 GBP
Pound SterlingCanadian Dollar1 GBP = 1.546 CAD1 CAD = 0.647 GBP
Pound SterlingSwiss Franc1 GBP = 1.608 CHF1 CHF = 0.622 GBP
Pound SterlingChinese Yuan1 GBP = 10.402 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 0.970 CHF1 CHF = 1.031 AUD
Australian DollarChinese Yuan1 AUD = 6.282 CNY1 CNY = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 1.040 CHF1 CHF = 0.962 CAD
Canadian DollarChinese Yuan1 CAD = 6.734 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 6.474 CNY1 CNY = 0.154 CHF

See what else happened on March 16th, 2010