Financial news on November 1st, 2010

Business and Financial news
Central Banker Takes a Chance by Speaking Out

Axel Weber’s strident, public dissents may dim his chances of becoming Europe’s top central banker. Read more..

By JACK EWING - The New York Times

Debt Collectors Face a Hazard: Writer’s Cramp

Debt buyers used questionable tactics well before the recent foreclosure mess, lawyers say. Read more..

By DAVID SEGAL - The New York Times

For Marketers, Christmas Started Last Month

The sluggish economy is raising the stakes for the Christmas shopping season. Some retailers and marketers hope to pull demand forward by moving up the start of their pitches. Read more..

By STUART ELLIOTT - The New York Times

Indian Firm May Bid on Exxon Stake in Angola

Oil and Natural Gas Corp., the Indian state-run explorer, is in talks with Exxon Mobil’s Angolan arm to buy its 25 percent stake in an oil field for about $2 billion, The Economic Times reported. Read more..

By DEALBOOK - The New York Times

Intel Takes a Wider Role, Making Chips for Others

The move thrusts Intel, the largest and wealthiest chip maker, into the contract manufacturing business dominated by Taiwanese and Chinese companies. Read more..


Lost the Remote? Another Reason to Use an App

The locus of control in the family room is being replaced, mostly by smartphones. Read more..

By JOSHUA BRUSTEIN - The New York Times

L.S.E. Denies It Is Privatizing After U.K. Budget Cuts

A London university says reports that it is considering “going private” in response to the government’s announced plans to cut its contribution to university budgets is not true. Read more..

By THE INTERNATIONAL HERALD TRIBUNE - International Herald Tribune

McKesson to Buy US Oncology in $2.16 Billion Deal

McKesson Corporation, the healthcare services and IT company, said Monday that it would acquire US Oncology in a deal worth $2.16 billion including debt. Read more..

By DEALBOOK - The New York Times

Nonprofits Rush to Solicit Donations via Text, but the System Is Flawed

Replicating the Red Cross’s mobile campaign for Haiti aid would be daunting for most organizations; the costs of a mobile donating program can outweigh the proceeds. Read more..

By STEPHANIE STROM - The New York Times

Skilling Pursues Case to Overturn His Conviction

Lawyers for Jeffrey K. Skilling argued before a three-judge panel of a federal appeals court that his conviction should be overturned as a result of the Supreme Court’s ruling on “honest services” fraud. Read more..

By PETER LATTMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.0916.1815.8815.9552.9M
Cisco SystemsCSCO22.9523.3022.8822.9249.2M
JPMorgan ChaseJPM37.6138.0037.1037.4236.9M
AT&T Inc.T28.8328.8928.6328.7226M
Wells Fargo & Co.WFC26.0326.1025.6025.9324.8M
Oracle Corp.ORCL29.5229.5528.9429.1321.1M
Abbott LaboratoriesABT51.5851.6450.3250.6020.7M
HP Inc.HPQ42.1742.7542.0742.4912.9M
Verizon CommunicationsVZ32.7732.7732.2332.4012.6M
Procter & GamblePG63.8864.1463.4063.6211.9M
Gilead SciencesGILD39.9140.7339.8840.2410M
Johnson & JohnsonJNJ63.8864.0963.3163.699.36M
Bristol-Myers SquibbBMY27.0227.3226.9227.078.92M
Walt Disney & Co.DIS36.2136.4935.7636.038.45M
Home DepotHD31.0031.3130.5630.718.23M
Wal-Mart StoresWMT54.0554.5054.0254.318.21M
UnitedHealth GroupUNH36.2736.6435.7036.117.67M
International Business MachinesIBM143.64144.26142.32143.325.67M
Berkshire HathawayBRK.B79.7681.3179.5879.904.33M
United TechnologiesUTX75.2775.7774.1174.643.4M
Union PacificUNP88.6689.5788.3588.903.3M
Exchange Rates of November 1st, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80.480 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.015 CAD1 CAD = 0.985 USD
US DollarSwiss Franc1 USD = 0.992 CHF1 CHF = 1.008 USD
US DollarChinese Yuan1 USD = 6.689 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 111.830 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.866 GBP1 GBP = 1.154 EUR
EuroAustralian Dollar1 EUR = 1.407 AUD1 AUD = 0.711 EUR
EuroCanadian Dollar1 EUR = 1.411 CAD1 CAD = 0.709 EUR
EuroSwiss Franc1 EUR = 1.378 CHF1 CHF = 0.726 EUR
EuroChinese Yuan1 EUR = 9.298 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.774 GBP1 GBP = 1.292 JPY
Japanese YenAustralian Dollar1 JPY = 1.258 AUD1 AUD = 0.795 JPY
Japanese YenCanadian Dollar1 JPY = 1.261 CAD1 CAD = 0.793 JPY
Japanese YenSwiss Franc1 JPY = 1.232 CHF1 CHF = 0.812 JPY
Pound SterlingAustralian Dollar1 GBP = 1.625 AUD1 AUD = 0.616 GBP
Pound SterlingCanadian Dollar1 GBP = 1.628 CAD1 CAD = 0.614 GBP
Pound SterlingSwiss Franc1 GBP = 1.591 CHF1 CHF = 0.629 GBP
Pound SterlingChinese Yuan1 GBP = 10.723 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 1.002 CAD1 CAD = 0.998 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.021 AUD
Australian DollarChinese Yuan1 AUD = 6.604 CNY1 CNY = 0.151 AUD
Canadian DollarSwiss Franc1 CAD = 0.977 CHF1 CHF = 1.024 CAD
Canadian DollarChinese Yuan1 CAD = 6.585 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.743 CNY1 CNY = 0.148 CHF

See what else happened on November 1st, 2010