Financial news on December 01, 2009

Business and Financial news
A Financial Mirage in the Desert

With the benefit of hindsight, there were plenty of signs that Shariah-compliant investments were just as risky as their Western counterparts. Read more..

By ANDREW ROSS SORKIN - The New York Times

Anxiety Rises in Euro Zone Bond Market

A wave of concern is starting to wash over the euro zone bond market, as some governments face ballooning debts due to revenue shortfalls and the cost of coping with the crisis. Read more..

By PAUL TAYLOR - International Herald Tribune

Dockers Passes the Pants to a New Generation

Although Dockers remains a popular brand, many younger men associate the pants with their heyday of casual Fridays and the 1990s. Read more..

By STUART ELLIOTT - The New York Times

Dubai Crisis Tests Laws of Islamic Financing

Islamic-rule investments prohibit lenders from earning interest, and effectively place lenders and borrowers into a form of partnership. Read more..

By HEATHER TIMMONS - The New York Times

Euro-Area Inflation Rose Above Zero in November

Economists said the increase was mainly the result of energy-price base effects as crude oil prices have been rising since the end of the summer. Read more..

By MATTHEW SALTMARSH - The New York Times

F.A.A. Clarifies What Can Be Stowed in Seat Back

A prohibition on putting items in airline seat pockets was misunderstood and enforced too vigorously by some airlines. Read more..

By JOE SHARKEY - The New York Times

Fed Begins Testing a Strategy to Exit a Securities Program

The Fed said that it would begin testing its plan to shrink its trillion-dollar portfolio of mortgage-backed securities and unwind its biggest program to prop up the markets. Read more..

By EDMUND L. ANDREWS - The New York Times

Markets Rise, With Spending and Dubai Weighing In

Wall St. shares fluctuated as investors gauged the fallout from Dubai’s debt crisis and weighed results from the first weekend of holiday shopping. Read more..

By JAVIER C. HERNANDEZ and MATTHEW SALTMARSH - The New York Times

Report Cites Big Shortfall in Reserves at A.I.G.

Sanford C. Bernstein said A.I.G.’s property and casualty business has an $11.9 billion shortfall in reserves to pay claims. Read more..

By MARY WILLIAMS WALSH - The New York Times

Speculation Grows Over a Tense Rift, With Billions at Stake

After Dubai World set off turmoil in global markets, many expected reassuring words from the federal government in oil-rich Abu Dhabi. Instead, there was silence. Read more..

By ROBERT F. WORTH, HEATHER TIMMONS and LANDON THOMAS Jr - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16,27 16,35 15,96 16,17 98M
Pfizer PFE 18,54 18,85 18,17 18,85 71.1M
Microsoft MSFT 29,52 30,05 29,41 30,01 49.9M
Bristol-Myers Squibb BMY 25,39 25,58 24,64 24,65 48.2M
Intel INTC 19,46 19,69 19,45 19,66 47.2M
Cisco Systems CSCO 23,43 24,00 23,39 23,92 39.9M
JPMorgan Chase JPM 42,61 42,71 41,62 42,22 39.2M
Wells Fargo & Co. WFC 28,15 28,39 27,85 27,99 33.2M
Comcast CMCSA 14,90 15,10 14,78 14,96 28.8M
Oracle Corp. ORCL 22,16 22,57 22,08 22,44 28.4M
AT&T Inc. T 27,18 27,25 26,94 27,18 26.8M
Verizon Communications VZ 31,78 32,34 31,35 32,34 24M
Abbott Laboratories ABT 54,85 54,87 54,22 54,48 21.3M
Home Depot HD 27,49 28,29 27,35 28,00 20.5M
HP Inc. HPQ 49,39 49,80 49,35 49,59 18.3M
ExxonMobil XOM 76,00 76,24 75,29 76,04 17.4M
Apple AAPL 202,24 202,77 196,83 196,97 16.6M
Merck MRK 36,29 37,23 36,29 36,88 16.6M
Altria MO 18,96 19,17 18,91 19,07 12.7M
Johnson & Johnson JNJ 62,95 63,66 62,95 63,51 12.3M
Wal-Mart Stores WMT 54,85 55,08 54,62 54,75 12M
ConocoPhillips COP 52,91 52,91 52,07 52,26 10.7M
UnitedHealth Group UNH 29,00 29,19 28,63 28,70 9.71M
Amazon AMZN 136,97 139,35 135,75 138,50 9.66M
McDonald's MCD 63,64 64,05 63,51 63,54 9.61M
Procter & Gamble PG 62,61 63,35 62,60 62,91 9.56M
Walt Disney & Co. DIS 30,44 30,77 30,44 30,73 9.32M
Gilead Sciences GILD 45,79 46,62 45,64 46,40 9.32M
Schlumberger SLB 64,65 66,03 64,58 64,65 8.72M
Coca-Cola KO 57,59 58,26 57,38 58,08 7.68M
Chevron CVX 79,10 79,42 78,83 79,06 7.21M
Pepsico PEP 62,68 63,93 62,49 63,42 6.89M
International Business Machines IBM 127,29 128,39 126,85 127,94 6.58M
Boeing BA 52,75 54,22 52,75 53,72 6.36M
Visa V 81,44 83,40 81,00 82,97 6.1M
Amgen AMGN 56,38 57,25 56,34 57,08 4.94M
Alphabet GOOGL 588,13 591,22 583,00 589,87 4.64M
Union Pacific UNP 64,01 65,01 63,83 64,33 3.93M
United Technologies UTX 68,00 68,69 67,91 68,00 3.86M
3M MMM 77,85 79,00 77,84 78,63 3.06M
Berkshire Hathaway BRK.B 3373,00 3373,00 3347,50 3352,50 66.7K
Exchange Rates of December 01, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 86,690 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,046 CAD 1 CAD = 0,956 USD
US Dollar Swiss Franc 1 USD = 0,999 CHF 1 CHF = 1,001 USD
US Dollar Chinese Yuan 1 USD = 6,828 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 130,750 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,908 GBP 1 GBP = 1,102 EUR
Euro Australian Dollar 1 EUR = 1,631 AUD 1 AUD = 0,613 EUR
Euro Canadian Dollar 1 EUR = 1,577 CAD 1 CAD = 0,634 EUR
Euro Swiss Franc 1 EUR = 1,507 CHF 1 CHF = 0,663 EUR
Euro Chinese Yuan 1 EUR = 10,301 CNY 1 CNY = 0,097 EUR
Japanese Yen Pound Sterling 1 JPY = 0,694 GBP 1 GBP = 1,441 JPY
Japanese Yen Australian Dollar 1 JPY = 1,247 AUD 1 AUD = 0,802 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,206 CAD 1 CAD = 0,829 JPY
Japanese Yen Swiss Franc 1 JPY = 1,153 CHF 1 CHF = 0,868 JPY
Pound Sterling Australian Dollar 1 GBP = 1,796 AUD 1 AUD = 0,557 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,737 CAD 1 CAD = 0,576 GBP
Pound Sterling Swiss Franc 1 GBP = 1,660 CHF 1 CHF = 0,603 GBP
Pound Sterling Chinese Yuan 1 GBP = 11,335 CNY 1 CNY = 0,088 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,967 CAD 1 CAD = 1,034 AUD
Australian Dollar Swiss Franc 1 AUD = 0,924 CHF 1 CHF = 1,082 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,318 CNY 1 CNY = 0,158 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,955 CHF 1 CHF = 1,047 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,528 CNY 1 CNY = 0,153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,834 CNY 1 CNY = 0,146 CHF

See what else happened on December 01, 2009