Financial news on October 01, 2010

Business and Financial news
A.I.G. Will Not Have to Pay Out for Madoff Losses

American International Group need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled, Reuters reported. Read more..

By DEALBOOK - The New York Times

Anderson Cooper Will Host a Daytime Talk Show

As part of the search for the next Oprah, Anderson Cooper, who hosted the reality show “The Mole,” will get his own venue. Read more..

By BRIAN STELTER - The New York Times

BHP Poised to Challenge Potash Suit

BHP Billiton said Friday that it expected to file a challenge within the day to Potash Corporation of Saskachewan’s lawsuit trying to block its $39 billion hostile offer. Read more..

By DEALBOOK - The New York Times

Cautious Stock Positions May Be Overdone

Stocks have been a disappointment over the last decade, but some analysts think earnings next year will finally surpass the 2006 peak. Read more..

By CHRISTOPHER SWANN and RICHARD BEALES - The New York Times

Chrysler I.P.O. to Come in More Than 1 Tranche

Chrysler’s I.P.O. is expected in the second half of 2011 and it will be in more than one tranche, the American automaker’s chief executive, Sergio Marchionne, said on Friday. Read more..

By DEALBOOK - The New York Times

Former SAP Chief to Lead Hewlett-Packard

Léo Apotheker succeeds Mark V. Hurd, who resigned after an investigation into sexual harassment allegations. Read more..

By ASHLEE VANCE - The New York Times

Magazine Association Renames Itself

The Magazine Publishers of America will become MPA — the Association of Magazine Media (dash and all) to help highlight ways to connect with magazines beyond the printed page. Read more..

By STUART ELLIOTT - The New York Times

Official Says J.&J. Plants Had Widespread Failings

The F.D.A.’s principal deputy commissioner contradicted assertions by Johnson & Johnson executives that the problems had been more limited. Read more..

By REED ABELSON - The New York Times

Stockpile of Dollars Drives China’s Energy Strategy

Sinopec’s $7.1 billion investment in Repsol’s Brazilian subsidiary is the latest in a string of energy deals in which the Chinese are recycling their enormous stockpile of dollars. Read more..

By CYRUS SANATI - The New York Times

U.N. Agency Warns of Dangers of Slow Job Growth

Job creation in advanced economies in the wake of the global economic crisis is increasingly being delayed, bringing a heightened threat of social unrest. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
HP Inc. HPQ 41.21 41.29 40.25 40.77 63M
Microsoft MSFT 24.49 24.82 24.30 24.38 62.7M
Cisco Systems CSCO 21.90 22.22 21.78 21.91 42.2M
Intel INTC 19.47 20.35 18.88 19.32 41.3M
JPMorgan Chase JPM 38.34 39.09 38.29 38.81 39M
Pfizer PFE 17.25 17.29 17.11 17.18 35.5M
Oracle Corp. ORCL 27.18 27.61 27.14 27.24 33.7M
Wells Fargo & Co. WFC 25.30 25.69 25.12 25.56 32.1M
ExxonMobil XOM 62.32 62.58 61.80 62.54 24.2M
Comcast CMCSA 18.08 18.32 17.81 17.82 22.6M
AT&T Inc. T 28.85 28.96 28.66 28.81 22.2M
Altria MO 24.01 24.05 23.66 23.78 16.4M
Apple AAPL 283.75 286.58 281.35 282.52 16M
ConocoPhillips COP 57.97 58.09 57.34 57.86 15.9M
Verizon Communications VZ 32.78 32.97 32.65 32.89 14.5M
Walt Disney & Co. DIS 33.30 33.58 33.12 33.34 12.9M
Merck MRK 36.76 36.84 36.35 36.60 11.7M
General Electric GE 16.40 16.53 16.27 16.36 11M
Procter & Gamble PG 60.09 60.37 59.95 60.16 10.3M
Abbott Laboratories ABT 52.54 52.58 52.12 52.58 9.92M
Johnson & Johnson JNJ 62.09 62.25 61.57 61.75 9.77M
Chevron CVX 81.89 82.36 81.48 81.95 9.57M
Bristol-Myers Squibb BMY 27.11 27.32 26.95 27.28 8.9M
Schlumberger SLB 62.37 62.85 61.80 62.43 8.84M
Amazon AMZN 157.06 157.44 152.20 153.71 8.68M
Home Depot HD 31.81 32.04 31.65 31.82 8.65M
Wal-Mart Stores WMT 53.60 53.62 53.20 53.36 8.23M
Coca-Cola KO 59.04 59.24 58.52 59.12 8.23M
McDonald's MCD 75.04 75.20 74.54 74.92 7.19M
Gilead Sciences GILD 35.61 36.23 35.56 35.76 6.95M
UnitedHealth Group UNH 35.07 35.47 34.76 35.43 6.5M
International Business Machines IBM 135.51 136.28 135.09 135.64 5.62M
Pepsico PEP 66.76 67.00 66.28 67.00 5.4M
United Technologies UTX 71.68 72.03 70.98 71.13 5M
Amgen AMGN 55.57 55.73 54.86 55.51 4.59M
Visa V 74.74 74.77 73.17 73.32 4.53M
Berkshire Hathaway BRK.B 83.30 83.48 82.33 82.71 4.52M
Boeing BA 67.54 67.98 66.67 66.83 4.48M
Alphabet GOOGL 530.00 530.62 523.00 525.62 4.45M
Union Pacific UNP 81.61 81.81 80.36 81.03 3.5M
3M MMM 87.38 87.89 86.90 87.62 3.2M
Exchange Rates of October 01, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 83.210 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.019 CAD 1 CAD = 0.981 USD
US Dollar Swiss Franc 1 USD = 0.974 CHF 1 CHF = 1.027 USD
US Dollar Chinese Yuan 1 USD = 6.691 CNY 1 CNY = 0.149 USD
Euro Japanese Yen 1 EUR = 114.766 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.872 GBP 1 GBP = 1.147 EUR
Euro Australian Dollar 1 EUR = 1.418 AUD 1 AUD = 0.705 EUR
Euro Canadian Dollar 1 EUR = 1.406 CAD 1 CAD = 0.711 EUR
Euro Swiss Franc 1 EUR = 1.343 CHF 1 CHF = 0.745 EUR
Euro Chinese Yuan 1 EUR = 9.218 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.759 GBP 1 GBP = 1.317 JPY
Japanese Yen Australian Dollar 1 JPY = 1.236 AUD 1 AUD = 0.809 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.225 CAD 1 CAD = 0.817 JPY
Japanese Yen Swiss Franc 1 JPY = 1.170 CHF 1 CHF = 0.855 JPY
Pound Sterling Australian Dollar 1 GBP = 1.628 AUD 1 AUD = 0.614 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.613 CAD 1 CAD = 0.620 GBP
Pound Sterling Swiss Franc 1 GBP = 1.540 CHF 1 CHF = 0.649 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.580 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.990 CAD 1 CAD = 1.010 AUD
Australian Dollar Swiss Franc 1 AUD = 0.946 CHF 1 CHF = 1.057 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.509 CNY 1 CNY = 0.154 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.955 CHF 1 CHF = 1.047 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.561 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.855 CNY 1 CNY = 0.146 CHF

See what else happened on October 01, 2010