Financial news on December 1st, 2010

Business and Financial news
Airbus Plans to Update A320

The new plane, an A320 NEO, would feature a new engine that is expected to provide better fuel economy. Read more..

By JAD MOUAWAD - The New York Times

A Nomadic Insurance Pitchman, Luring New Consumers

Progressive plans to introduce a separate campaign with a new character to complement its advertising with Flo, a sassy clerk. Read more..

By STUART ELLIOTT - The New York Times

Before Business Leaders, Bernanke Discusses Unemployment’s Toll on Americans

Faster growth and recovery are being held back by uncertainty created by the high level of joblessness, the Fed chairman said. Read more..

By SEWELL CHAN - The New York Times

Europe Examines Ways to Quell Its Debt Crisis

The concerns in the bond markets are further straining the decade-old monetary union. Read more..

By LANDON THOMAS Jr - The New York Times

F.C.C. Chairman Outlines Broadband Framework

A speech by Julius Genachowski will outline a proposal that forbids both wired and wireless Internet service providers from blocking lawful content. Read more..

By EDWARD WYATT - The New York Times

F.T.C. Backs Plan to Honor Privacy of Online Users

The framework would let consumers decide if they wanted Web sites and advertisers to track them. Read more..


Midwest Emerges as Center for Clean Energy

Public incentives, skilled manufacturing workers and ready materials have helped the sector flourish. Read more..

By KEITH SCHNEIDER - The New York Times

Morning Take-Out

Ireland’s bailout | Financial party platter | WikiLeaks and the U.S. Read more..

By CHRIS V. NICHOLSON - The New York Times

Steven Posner, 67, Former Corporate Raider, Dies

Mr. Posner, who was killed in a boat collision in Florida, worked with his father, Victor, in hostile takeovers that led to the convictions of Michael Milken and Ivan Boesky. Read more..

By DENNIS HEVESI - The New York Times

Unemployment Rises in Europe

Unemployment in the euro zone rose in October to its highest level in more than 12 years, threatening to defeat efforts to turn around stagnant economies at a time of tight budgets. Read more..

By DAVID JOLLY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.3419.3919.2619.3279.3M
General ElectricGE16.0316.3016.0316.3068.9M
Wells Fargo & Co.WFC27.5827.8027.2027.5335.3M
Oracle Corp.ORCL27.5427.7027.4127.6534.8M
General MotorsGM34.6534.9534.4234.7834.6M
JPMorgan ChaseJPM37.9538.1937.6538.1533.2M
AT&T Inc.T28.1228.3128.0328.2823.6M
HP Inc.HPQ42.5042.9442.3342.5720.7M
Abbott LaboratoriesABT46.8947.1746.7147.0120.2M
Wal-Mart StoresWMT54.4254.8554.3954.7017.9M
Home DepotHD30.6031.7530.6031.6117.1M
Johnson & JohnsonJNJ62.1862.4861.8262.4215.4M
Gilead SciencesGILD37.1337.4436.9637.2015.3M
Walt Disney & Co.DIS37.1537.4137.0437.1215M
Verizon CommunicationsVZ32.4432.5032.2232.3514.7M
Procter & GamblePG61.5762.3461.5062.1511.6M
UnitedHealth GroupUNH37.1437.9037.1437.6711M
Bristol-Myers SquibbBMY25.6725.6725.4225.568.77M
United TechnologiesUTX76.5478.4976.5478.267.95M
International Business MachinesIBM143.61145.13143.51144.416.82M
Berkshire HathawayBRK.B80.7281.9280.2580.686.66M
Union PacificUNP91.4692.1591.0591.423.25M
Exchange Rates of December 1st, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84.190 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.017 CAD1 CAD = 0.983 USD
US DollarSwiss Franc1 USD = 1.002 CHF1 CHF = 0.998 USD
US DollarChinese Yuan1 USD = 6.664 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 110.590 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.841 GBP1 GBP = 1.189 EUR
EuroAustralian Dollar1 EUR = 1.356 AUD1 AUD = 0.737 EUR
EuroCanadian Dollar1 EUR = 1.336 CAD1 CAD = 0.748 EUR
EuroSwiss Franc1 EUR = 1.317 CHF1 CHF = 0.759 EUR
EuroChinese Yuan1 EUR = 8.754 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.760 GBP1 GBP = 1.316 JPY
Japanese YenAustralian Dollar1 JPY = 1.226 AUD1 AUD = 0.816 JPY
Japanese YenCanadian Dollar1 JPY = 1.208 CAD1 CAD = 0.828 JPY
Japanese YenSwiss Franc1 JPY = 1.190 CHF1 CHF = 0.840 JPY
Pound SterlingAustralian Dollar1 GBP = 1.613 AUD1 AUD = 0.620 GBP
Pound SterlingCanadian Dollar1 GBP = 1.589 CAD1 CAD = 0.629 GBP
Pound SterlingSwiss Franc1 GBP = 1.566 CHF1 CHF = 0.639 GBP
Pound SterlingChinese Yuan1 GBP = 10.411 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.985 CAD1 CAD = 1.015 AUD
Australian DollarSwiss Franc1 AUD = 0.971 CHF1 CHF = 1.030 AUD
Australian DollarChinese Yuan1 AUD = 6.458 CNY1 CNY = 0.155 AUD
Canadian DollarSwiss Franc1 CAD = 0.985 CHF1 CHF = 1.015 CAD
Canadian DollarChinese Yuan1 CAD = 6.554 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.646 CNY1 CNY = 0.150 CHF

See what else happened on December 1st, 2010