Financial news on March 29th, 2010

Business and Financial news
Accounts, People and Miscellany

Notes about people and accounts in the advertising industry. Read more..

By STUART ELLIOTT - The New York Times

Another Advantage for the Biggest Banks?

No wonder banks like being too big to fail: Measured by the interest rates that banks of different sizes pay on deposits, America’s 10 biggest banks benefit from this subsidy to the tune of some $30 billion annually, Reuters Breakingviews calculates. Read more..

By DEALBOOK - The New York Times

Another View: The Agency Consumers Really Need

Another View: Professors Jonathan Zinman and Victor Stango argue that the debate over the proposed Consumer Financial Protection Agency should be over what the agency does, not where it is located in the government’s bureaucracy. Read more..

By DEALBOOK - The New York Times

A Paper for the People

France-Soir is trying to prove that, even in a shrinking market, there is room for a tabloid with populist sensibilities and a mass-market reach. Read more..

By ERIC PFANNER - International Herald Tribune

A Start-Up Has Survived to Beam Up Your Gestures

Later this year, consumers will begin to find computers, TVs and gaming systems that they can control through hand and body gestures, enabled with chips from Canesta. Read more..

By ASHLEE VANCE - The New York Times

Can Business Do the Job All by Itself?

The environmental spotlight is not just on parliaments and presidents, but on boardrooms and executive suites. Read more..

By TOM ZELLER Jr - International Herald Tribune

More Clicks to Escape an E-Mail List

The proportion of online retailers requiring three or more clicks to unsubscribe from their e-mail lists has grown more than fivefold since 2008. Read more..

By ALEX MINDLIN - The New York Times

Sony Pursues a Bold Success to Match Its Scale

Once considered the innovator in the electronics business, the company has found itself playing catch-up for years, an embarrassment it hopes to end. Read more..

By HIROKO TABUCHI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.5218.5618.2518.4083.9M
JPMorgan ChaseJPM45.2545.3844.4644.8630.6M
Cisco SystemsCSCO26.6126.6926.4526.5130.4M
Oracle Corp.ORCL25.6525.8525.4125.5729M
Wells Fargo & Co.WFC31.3531.4530.9031.1025.3M
Abbott LaboratoriesABT53.0853.1552.7353.1222M
AT&T Inc.T26.3526.5726.3026.5120.3M
Verizon CommunicationsVZ30.5830.6030.3630.4515M
Bristol-Myers SquibbBMY26.7827.0726.7027.0012.6M
Walt Disney & Co.DIS35.2835.4234.9735.1612.6M
HP Inc.HPQ53.4253.6352.9052.9710.2M
Wal-Mart StoresWMT55.5055.7555.4355.749.78M
Home DepotHD32.7832.8932.5032.608.93M
Procter & GamblePG63.7364.0463.5963.738.18M
UnitedHealth GroupUNH32.6633.0232.5232.847.97M
Johnson & JohnsonJNJ64.4664.9464.4064.827.81M
Gilead SciencesGILD45.3446.2345.3345.887.32M
International Business MachinesIBM129.30129.95128.26128.594.64M
Berkshire HathawayBRK.B81.5481.9681.5481.753.58M
United TechnologiesUTX73.7974.3273.6374.003.03M
Union PacificUNP72.9973.9272.7773.582.93M
Exchange Rates of March 29th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.530 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.021 CAD1 CAD = 0.979 USD
US DollarSwiss Franc1 USD = 1.063 CHF1 CHF = 0.941 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.701 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.900 GBP1 GBP = 1.112 EUR
EuroAustralian Dollar1 EUR = 1.469 AUD1 AUD = 0.681 EUR
EuroCanadian Dollar1 EUR = 1.376 CAD1 CAD = 0.727 EUR
EuroSwiss Franc1 EUR = 1.432 CHF1 CHF = 0.698 EUR
Japanese YenPound Sterling1 JPY = 0.721 GBP1 GBP = 1.387 JPY
Japanese YenAustralian Dollar1 JPY = 1.178 AUD1 AUD = 0.849 JPY
Japanese YenCanadian Dollar1 JPY = 1.103 CAD1 CAD = 0.907 JPY
Japanese YenSwiss Franc1 JPY = 1.148 CHF1 CHF = 0.871 JPY
Pound SterlingAustralian Dollar1 GBP = 1.633 AUD1 AUD = 0.612 GBP
Pound SterlingCanadian Dollar1 GBP = 1.529 CAD1 CAD = 0.654 GBP
Pound SterlingSwiss Franc1 GBP = 1.591 CHF1 CHF = 0.628 GBP
Australian DollarCanadian Dollar1 AUD = 0.936 CAD1 CAD = 1.069 AUD
Australian DollarSwiss Franc1 AUD = 0.974 CHF1 CHF = 1.026 AUD
Canadian DollarSwiss Franc1 CAD = 1.040 CHF1 CHF = 0.961 CAD
Swiss FrancChinese Yuan1 CHF = 6.423 CNY1 CNY = 0.156 CHF

See what else happened on March 29th, 2010