Financial news on October 02, 2009

Business and Financial news
BAE Faces Corruption Charges

The weapons maker has denied accusations of bribery linked to deals in Africa and Eastern Europe. Read more..

By JULIA WERDIGIER - The New York Times

Chinese Economic Juggernaut Is Gaining on Japan

Many economists expect China to replace Japan as the world’s second-largest economy next year, five years earlier than previously forecast. Read more..

By HIROKO TABUCHI - The New York Times

Chubb Turns to Humor to Make Its Pitch

The insurance company, which aims at the affluent, is using waterfalls, alligators and charging bulls to show how danger can lurk unexpectedly. Read more..

By ANDREW ADAM NEWMAN - The New York Times

David Letterman Reveals Extortion Attempt

Mr. Letterman said on his show that a person demanded $2 million not to reveal his sexual affairs with staff members. Read more..

By BILL CARTER - The New York Times

I.M.F. Upgrades Forecast for World Economies

The fund’s latest report predicts a global expansion of 3.1 percent next year, better than its earlier forecast. Read more..

By CARTER DOUGHERTY - The New York Times

In Failed Merger, a Lesson in Global Politics

The collapse of talks between Bharti Airtel of India and MTN Group of South Africa illustrated the difficulty of striking deals in emerging markets. Read more..

By HEATHER TIMMONS - International Herald Tribune

Looking to Profit From a Glut of Unsold Apartments

There have been a flurry of new investment funds organized to buy up heavily discounted residential property from desperate sellers. Read more..

By KEVIN BRASS - International Herald Tribune

Shaky Pace of Recovery Sets Off a Sharp Decline

Despite an increase in spending, economists worry any rebound could falter if income growth does not improve. Read more..

By JACK HEALY - The New York Times

The Smart Choice for Olympic Host

Yes, President Obama is pushing for the 2016 Summer Olympics to be held Chicago, but Rio de Janeiro is the city that can best afford it. Read more..

By CONSTANTINE COURCOULAS and GEORGE HAY - The New York Times

Who Can Take Charge at Bank of America?

The Dec. 31 departure of Kenneth D. Lewis has left the board at Bank of America scrambling for a successor. Read more..

By ERIC DASH and LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 15.45 15.66 15.15 15.36 133M
Intel INTC 18.95 19.22 18.95 18.97 58.2M
Wells Fargo & Co. WFC 26.04 26.69 25.99 26.28 52.1M
Microsoft MSFT 24.46 25.09 24.43 24.96 51.2M
Pfizer PFE 16.36 16.52 16.08 16.15 50.4M
Comcast CMCSA 15.78 15.79 15.14 15.24 45.4M
JPMorgan Chase JPM 40.82 42.40 40.53 41.86 43.1M
Cisco Systems CSCO 22.86 23.08 22.62 22.67 42M
Oracle Corp. ORCL 20.25 20.64 20.24 20.34 41.7M
ConocoPhillips COP 45.20 47.06 45.00 46.80 35.2M
Abbott Laboratories ABT 48.41 50.00 48.41 49.84 26.7M
AT&T Inc. T 26.55 26.75 26.45 26.52 24.8M
ExxonMobil XOM 66.97 67.14 66.50 66.58 20.5M
Merck MRK 31.18 31.83 31.09 31.65 20.5M
Apple AAPL 181.41 185.94 181.35 184.90 19.8M
HP Inc. HPQ 45.59 45.96 45.20 45.28 18.2M
Verizon Communications VZ 29.98 30.15 29.86 29.89 17.6M
Pepsico PEP 59.12 61.24 58.93 60.90 17.5M
Altria MO 17.41 17.53 17.36 17.47 15.8M
Wal-Mart Stores WMT 48.89 49.34 48.84 49.08 15.1M
Walt Disney & Co. DIS 27.05 27.27 26.84 27.21 14.6M
Home Depot HD 26.15 26.27 25.87 26.03 13.8M
Procter & Gamble PG 56.40 56.91 56.20 56.75 13.1M
Coca-Cola KO 53.06 54.08 52.91 53.87 12.6M
UnitedHealth Group UNH 24.68 24.91 23.95 24.28 11.2M
Gilead Sciences GILD 45.30 45.51 44.46 44.51 10.3M
Bristol-Myers Squibb BMY 22.05 22.35 22.00 22.26 9.73M
Johnson & Johnson JNJ 59.82 60.20 59.42 59.73 9.13M
Chevron CVX 68.22 68.79 68.03 68.14 8.96M
McDonald's MCD 56.27 57.18 56.09 56.71 8.86M
Visa V 68.44 69.10 66.55 67.79 8.85M
International Business Machines IBM 117.40 119.66 117.26 119.02 7.58M
Schlumberger SLB 56.35 57.13 56.00 56.83 6.86M
Boeing BA 51.19 51.76 50.10 51.40 6.04M
Alphabet GOOGL 483.74 491.74 482.60 484.58 5.2M
Amazon AMZN 90.05 91.14 89.58 89.85 5.04M
Union Pacific UNP 57.46 58.60 57.06 57.38 4.81M
United Technologies UTX 59.38 59.94 59.31 59.63 4.66M
Amgen AMGN 58.99 59.26 58.36 58.58 4.52M
3M MMM 71.81 72.35 71.62 71.93 3.24M
Berkshire Hathaway BRK.B 3218.00 3271.00 3211.00 3264.50 36.5K
Exchange Rates of October 02, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.780 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.079 CAD 1 CAD = 0.927 USD
US Dollar Swiss Franc 1 USD = 1.035 CHF 1 CHF = 0.966 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 130.870 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.914 GBP 1 GBP = 1.094 EUR
Euro Australian Dollar 1 EUR = 1.684 AUD 1 AUD = 0.594 EUR
Euro Canadian Dollar 1 EUR = 1.572 CAD 1 CAD = 0.636 EUR
Euro Swiss Franc 1 EUR = 1.509 CHF 1 CHF = 0.663 EUR
Euro Chinese Yuan 1 EUR = 9.948 CNY 1 CNY = 0.101 EUR
Japanese Yen Pound Sterling 1 JPY = 0.698 GBP 1 GBP = 1.433 JPY
Japanese Yen Australian Dollar 1 JPY = 1.287 AUD 1 AUD = 0.777 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.202 CAD 1 CAD = 0.832 JPY
Japanese Yen Swiss Franc 1 JPY = 1.152 CHF 1 CHF = 0.868 JPY
Pound Sterling Australian Dollar 1 GBP = 1.842 AUD 1 AUD = 0.543 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.721 CAD 1 CAD = 0.581 GBP
Pound Sterling Swiss Franc 1 GBP = 1.650 CHF 1 CHF = 0.606 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.874 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.071 AUD
Australian Dollar Swiss Franc 1 AUD = 0.895 CHF 1 CHF = 1.117 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.907 CNY 1 CNY = 0.169 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.957 CHF 1 CHF = 1.045 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.325 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.596 CNY 1 CNY = 0.152 CHF

See what else happened on October 02, 2009