Financial news on November 2nd, 2010

Business and Financial news
Additional Costs Expected for Lockheed’s F-35 Fighter

Lockheed Martin’s F-35 Joint Strike Fighter, the nation’s most expensive arms program, could also see delays. Read more..

By CHRISTOPHER DREW - The New York Times

A Gold Mine in Attack Ads on Local TV

Many stations that had severe advertising losses in 2009 are benefiting financially from the mudslinging ads in the midterm elections. Read more..

By BRIAN STELTER - The New York Times

BlackRock ‘Never’ Looked at Man Group

If there were any doubts that about whether BlackRock had considered a takeover of the Man Group, the world’s largest hedge fund, the U.S. asset manager’s chief put them to rest: “We have never, ever looked at Man Group,” Laurence D. Fink told Les Echos. Read more..

By DEALBOOK - The New York Times

DragonBack Aims to Offer Services to Hedge Funds

DragonBack Capital, a Hong Kong- based hedge-fund firm which managed as much as $600 million at its peak, has held talks with more than 30 managers to provide support services as it seeks other business after closing its hedge funds, said chief executive Rob Lance, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

In Air Cargo Business, It’s Speed vs. Screening, Creating a Weak Link in Security

Several transportation experts say that full screening of all air cargo would cause the system of express air delivery to grind to a halt. Read more..

By BARRY MEIER and ERIC LIPTON - The New York Times

Morning Take-Out

Todd Combs, the definitive headshot; Lloyd Blankfein, action figure; Halloween 100 years ago. Read more..

By DEALBOOK - The New York Times

Och-Ziff Posts Gains as Assets Rise

Och-Ziff Capital Management Group, the hedge fund manager run by Daniel S. Och, reported a quarterly profit of $52.1 million, up from $32.4 million for the same period a year ago, which the company attributed to higher fees resulting from net inflows. Read more..

By CHRIS V. NICHOLSON - The New York Times

Oracle Strikes in Search for Niche Software Makers

Oracle’s acquisition on Tuesday of the e-commerce software provider Art Technology Group follows several previous deals by Oracle to buy software makers that cater to merchants. Read more..

By THOMAS KAPLAN - The New York Times

Oracle to Buy Art Technology Group for $1 Billion

Oracle’s deal for the e-commerce software provider is the first it has announced since hiring Hewlett-Packard’s deal-making former chief executive, Mark V. Hurd. Read more..

By DEALBOOK - The New York Times

Provident Healthcare Starts Venture Fund

Provident Healthcare Partners, the boutique investment bank, has launched its first venture capital fund with $25 million in committed financing. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.0016.0715.8815.9450.5M
JPMorgan ChaseJPM37.5337.5736.8336.9639.9M
Cisco SystemsCSCO23.1723.3023.0623.1737.4M
Wells Fargo & Co.WFC26.0026.0525.7825.9725.1M
Oracle Corp.ORCL29.4929.5729.2629.5324.2M
AT&T Inc.T28.9529.1128.9228.9418.7M
Walt Disney & Co.DIS36.3736.4536.1036.1116.4M
Abbott LaboratoriesABT50.7951.0650.7150.8815.7M
Home DepotHD31.0031.9730.9831.5115.1M
Verizon CommunicationsVZ32.6332.9832.6232.8013M
HP Inc.HPQ42.7542.9942.6342.9111.6M
UnitedHealth GroupUNH36.4037.0936.3637.009.99M
Bristol-Myers SquibbBMY27.1127.2426.7926.909.4M
Wal-Mart StoresWMT54.5554.9954.4954.798.85M
Johnson & JohnsonJNJ63.9464.2063.7263.888.63M
Procter & GamblePG63.8764.2863.8564.028.13M
Gilead SciencesGILD40.5740.6040.0840.337.8M
International Business MachinesIBM143.85144.71143.71143.844.63M
Berkshire HathawayBRK.B80.3280.6180.0080.423.8M
United TechnologiesUTX75.2175.6275.0875.252.81M
Union PacificUNP89.8490.0089.1189.952.59M
Exchange Rates of November 2nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80.670 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.009 CAD1 CAD = 0.991 USD
US DollarSwiss Franc1 USD = 0.979 CHF1 CHF = 1.021 USD
US DollarChinese Yuan1 USD = 6.677 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 113.190 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.875 GBP1 GBP = 1.143 EUR
EuroAustralian Dollar1 EUR = 1.404 AUD1 AUD = 0.713 EUR
EuroCanadian Dollar1 EUR = 1.416 CAD1 CAD = 0.706 EUR
EuroSwiss Franc1 EUR = 1.374 CHF1 CHF = 0.728 EUR
EuroChinese Yuan1 EUR = 9.376 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.773 GBP1 GBP = 1.294 JPY
Japanese YenAustralian Dollar1 JPY = 1.240 AUD1 AUD = 0.807 JPY
Japanese YenCanadian Dollar1 JPY = 1.250 CAD1 CAD = 0.800 JPY
Japanese YenSwiss Franc1 JPY = 1.214 CHF1 CHF = 0.824 JPY
Pound SterlingAustralian Dollar1 GBP = 1.605 AUD1 AUD = 0.623 GBP
Pound SterlingCanadian Dollar1 GBP = 1.618 CAD1 CAD = 0.618 GBP
Pound SterlingSwiss Franc1 GBP = 1.570 CHF1 CHF = 0.637 GBP
Pound SterlingChinese Yuan1 GBP = 10.701 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 1.008 CAD1 CAD = 0.992 AUD
Australian DollarSwiss Franc1 AUD = 0.978 CHF1 CHF = 1.022 AUD
Australian DollarChinese Yuan1 AUD = 6.677 CNY1 CNY = 0.150 AUD
Canadian DollarSwiss Franc1 CAD = 0.970 CHF1 CHF = 1.031 CAD
Canadian DollarChinese Yuan1 CAD = 6.623 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.822 CNY1 CNY = 0.147 CHF

See what else happened on November 2nd, 2010