Financial news on February 2nd, 2010

Business and Financial news
Bonus Miles Expand, but Flight Upgrades Are Squeezed

More elite fliers are competing for fewer seats in the front of the plane. Read more..

By SUSAN STELLIN - The New York Times

Europe Weighs Oneworld Plan to Assure Flight Competition

The carriers British Air, American and Iberia offered regulators a proposal to ensure competition on some overseas flights in an effort to have their joint marketing plan approved. Read more..

By JAMES KANTER - The New York Times

Inflation Risks Rise in Asia

Worries about economic growth in Asia have quickly given way to concerns about inflation, and investors seem split down the middle about the capacity of Asian central banks to rise to the challenge. Read more..

By ALAN WHEATLEY - International Herald Tribune

On Winfrey’s Channel, a Show About Her Show

OWN, jointly founded by Oprah Winfrey’s production company and Discovery Communications, is starting to reveal some details about its programming. Read more..

By BRIAN STELTER - The New York Times

Russia’s Evolution, Seen Through Golden Arches

When McDonald’s entered the Soviet Union 20 years ago, it had to supply its own ingredients. Now the last one — burger buns — has been turned over to the private sector. Read more..

By ANDREW E. KRAMER - The New York Times

Yahoo Renews Deal to Use A.P. Material

It was not clear whether The Associated Press won more money from the deal, or what it might mean for the company’s talks with Google and Microsoft. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Berkshire HathawayBRK.B75.7076.1774.9175.51798M
General ElectricGE16.2716.9516.2416.85116M
Cisco SystemsCSCO22.8123.1122.5123.0254.1M
Wells Fargo & Co.WFC28.9328.9328.9328.9350.3M
JPMorgan ChaseJPM39.8040.6839.7040.5546M
Oracle Corp.ORCL23.3323.8523.2423.7632.2M
AT&T Inc.T25.3725.8425.2725.6931.1M
Home DepotHD28.3929.0528.3029.0319.6M
Procter & GamblePG61.9363.0461.6662.9017.7M
Verizon CommunicationsVZ29.5629.8829.4829.7317.6M
HP Inc.HPQ48.3048.8247.9848.5917.5M
Abbott LaboratoriesABT53.2954.6053.2054.4417.2M
Johnson & JohnsonJNJ63.2064.2062.6363.9913.6M
Wal-Mart StoresWMT53.5953.7253.3353.4911.4M
Gilead SciencesGILD47.6548.5647.4948.5610.3M
Walt Disney & Co.DIS29.5330.0129.2229.9810.1M
Bristol-Myers SquibbBMY24.3724.8024.1424.789.87M
United TechnologiesUTX67.8968.4367.6968.036.13M
International Business MachinesIBM124.79125.81123.95125.535.9M
UnitedHealth GroupUNH33.1334.1232.9334.053.31M
Union PacificUNP62.4963.2462.0462.932.4M
Exchange Rates of February 2nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.360 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.057 CAD1 CAD = 0.946 USD
US DollarSwiss Franc1 USD = 1.055 CHF1 CHF = 0.948 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 126.170 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.144 EUR
EuroAustralian Dollar1 EUR = 1.575 AUD1 AUD = 0.635 EUR
EuroCanadian Dollar1 EUR = 1.476 CAD1 CAD = 0.678 EUR
EuroSwiss Franc1 EUR = 1.473 CHF1 CHF = 0.679 EUR
EuroChinese Yuan1 EUR = 9.533 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.692 GBP1 GBP = 1.444 JPY
Japanese YenAustralian Dollar1 JPY = 1.248 AUD1 AUD = 0.801 JPY
Japanese YenCanadian Dollar1 JPY = 1.169 CAD1 CAD = 0.855 JPY
Japanese YenSwiss Franc1 JPY = 1.167 CHF1 CHF = 0.857 JPY
Pound SterlingAustralian Dollar1 GBP = 1.802 AUD1 AUD = 0.555 GBP
Pound SterlingCanadian Dollar1 GBP = 1.688 CAD1 CAD = 0.592 GBP
Pound SterlingSwiss Franc1 GBP = 1.685 CHF1 CHF = 0.594 GBP
Pound SterlingChinese Yuan1 GBP = 10.892 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.937 CAD1 CAD = 1.068 AUD
Australian DollarSwiss Franc1 AUD = 0.934 CHF1 CHF = 1.070 AUD
Australian DollarChinese Yuan1 AUD = 6.050 CNY1 CNY = 0.165 AUD
Canadian DollarSwiss Franc1 CAD = 0.998 CHF1 CHF = 1.002 CAD
Canadian DollarChinese Yuan1 CAD = 6.454 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.470 CNY1 CNY = 0.155 CHF

See what else happened on February 2nd, 2010