Financial news on March 25th, 2009

Business and Financial news
A Hollywood Pitch: Bring the Junkets Back

A new hotel and condominium complex is aimed at luring press junkets back to the historic Hollywood and Vine address. Read more..

By MORRIS NEWMAN - The New York Times

Europe Cautious About Any Trade Deal With Korea

The European Commission backed away from reports of a tentative deal and said that significant issues remain to be resolved. Read more..

By STEPHEN CASTLE - The New York Times

Insurers Offer to Soften a Key Rate-Setting Policy

The health insurance industry said it was willing to stop charging higher premiums to sick people if Congress were to require that all Americans carry insurance. Read more..

By ROBERT PEAR - The New York Times

Sweden: Maker of Air Bags Cuts Jobs

Autoliv, the world’s largest maker of air bags for cars, said it had cut 3,000 jobs in the first two months of the year, eliminating 2,600 permanent and 400 temporary positions. Read more..

By BLOOMBERG NEWS - The New York Times

Top Hedge Fund Managers Do Well in a Down Year

Alpha magazine’s rankings show that the top earners took in $11.6 billion by trading above the pain in 2008. Read more..

By LOUISE STORY - The New York Times

Wall Street Gives Back Some of Monday’s Gains

A day after posting their biggest gains in five months in response to details of the government’s bank-rescue plans, shares fell in late afternoon trading. Read more..

By JACK HEALY - The New York Times

Weak Pound Pushes Up Prices in Britain

The deepening recession provided no respite on inflation for British consumers last month, as the weak pound pushed up prices for food and other imported goods. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC16.3017.1914.8716.42218M
General ElectricGE10.7411.0910.0910.49210M
JPMorgan ChaseJPM27.1928.7125.9328.56149M
Cisco SystemsCSCO16.5017.0516.2816.5764.2M
Abbott LaboratoriesABT46.8847.0045.0446.0341M
AT&T Inc.T26.4726.5925.6426.1839M
Oracle Corp.ORCL18.0318.3417.7018.0934.7M
Home DepotHD23.2723.9522.7723.2833.4M
Verizon CommunicationsVZ30.7230.7529.4030.1531.5M
HP Inc.HPQ30.9931.5030.1431.0124.9M
Wal-Mart StoresWMT51.2752.2950.6451.6823.4M
Walt Disney & Co.DIS18.3418.8817.8618.5316M
Johnson & JohnsonJNJ52.9853.2752.0152.8615.8M
Procter & GamblePG47.7048.6047.2048.0615.3M
UnitedHealth GroupUNH21.2921.6720.6121.1814M
Bristol-Myers SquibbBMY21.0221.4520.7521.0613.1M
International Business MachinesIBM98.4799.8696.0997.9512M
United TechnologiesUTX43.4944.7142.7243.6910.6M
Gilead SciencesGILD44.0245.1643.2243.8810M
Union PacificUNP42.1142.8139.4840.956.29M
Berkshire HathawayBRK.B2938.002984.002855.002900.0050.6K
Exchange Rates of March 25th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.660 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.231 CAD1 CAD = 0.812 USD
US DollarSwiss Franc1 USD = 1.122 CHF1 CHF = 0.892 USD
US DollarChinese Yuan1 USD = 6.831 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.610 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.933 GBP1 GBP = 1.072 EUR
EuroAustralian Dollar1 EUR = 1.946 AUD1 AUD = 0.514 EUR
EuroCanadian Dollar1 EUR = 1.672 CAD1 CAD = 0.598 EUR
EuroSwiss Franc1 EUR = 1.523 CHF1 CHF = 0.657 EUR
EuroChinese Yuan1 EUR = 9.281 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.703 GBP1 GBP = 1.422 JPY
Japanese YenAustralian Dollar1 JPY = 1.467 AUD1 AUD = 0.682 JPY
Japanese YenCanadian Dollar1 JPY = 1.260 CAD1 CAD = 0.793 JPY
Japanese YenSwiss Franc1 JPY = 1.148 CHF1 CHF = 0.871 JPY
Pound SterlingAustralian Dollar1 GBP = 2.085 AUD1 AUD = 0.480 GBP
Pound SterlingCanadian Dollar1 GBP = 1.792 CAD1 CAD = 0.558 GBP
Pound SterlingSwiss Franc1 GBP = 1.632 CHF1 CHF = 0.613 GBP
Pound SterlingChinese Yuan1 GBP = 9.930 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.859 CAD1 CAD = 1.164 AUD
Australian DollarSwiss Franc1 AUD = 0.782 CHF1 CHF = 1.278 AUD
Australian DollarChinese Yuan1 AUD = 4.767 CNY1 CNY = 0.210 AUD
Canadian DollarSwiss Franc1 CAD = 0.910 CHF1 CHF = 1.098 CAD
Canadian DollarChinese Yuan1 CAD = 5.541 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 6.093 CNY1 CNY = 0.164 CHF

See what else happened on March 25th, 2009