Financial news on December 3rd, 2009

Business and Financial news
A 20-Something Makes a Mint (and Sells It to Intuit)

Aaron Patzer recalls the ascent of his online financial advising tool and its acquisition by a competitor. Read more..

By KERMIT PATTISON - The New York Times

A Muscular Laptop That Defies the Lightweight Trend

Dell’s Precision M6500 “mobile workstation” is structured around an advanced Intel Core i7 quad-core processor and a 17-inch LED backlighted screen, 1920 by 1200 pixels. Read more..

By STEPHEN WILLIAMS - The New York Times

Bankers Say Deal Is Near to Restructure Rusal’s Debt

The world’s largest aluminum producer, which is struggling under $17 billion in debt, appears to have negotiated favorable terms. Read more..

By ANDREW E. KRAMER - The New York Times

Fed Reports Modest Gains in Economy

The weak American economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains, the Federal Reserve said Wednesday. Read more..

By JAVIER C. HERNANDEZ - The New York Times

G.E. Makes It Official: NBC Will Go to Comcast

For Comcast, the purchase is the realization of its long-held ambition to be a major producer of television shows and movies. Read more..

By TIM ARANGO - The New York Times

Leverage and Ambition Put Dubai in a Tailspin

As Dubai prepares for weeks of arduous negotiations with creditors over restructuring Dubai World’s debt, outsiders still do not know what to make of the situation. Read more..

By LANDON THOMAS Jr - The New York Times

Pay Limit May Hinder Search for a G.M. Chief

With the search for a C.E.O. complicated by government pay restrictions, General Motors may decide that Edward E. Whitacre, the interim chief, is the best choice. Read more..

By BILL VLASIC - The New York Times

Ringing in the Holiday but Sharing the Bill

For small businesses, shared office parties offer the feel of a big event at a lower cost — and without the planning headaches. Read more..

By MICKEY MEECE - The New York Times

Siemens to Collect Damages From Former Chiefs in Bribery Scandal

Two former chief executives at the German engineering giant and four other former officials have agreed to pay a total of 18 million euros in damages. Read more..

By CHRIS V. NICHOLSON - International Herald Tribune

Some New iMac Desktops Arrive With Issues

Apple’s reconfigured iMac desktop — a shiny wide-screen example of a home computer — works beautifully ...unless it doesn’t work at all, or arrives with a cracked display. Read more..

By STEPHEN WILLIAMS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.1216.3116.0016.0074.6M
Wells Fargo & Co.WFC27.5227.9126.4126.4966.6M
JPMorgan ChaseJPM42.3043.0941.3141.4053.3M
Bristol-Myers SquibbBMY24.8325.3724.7225.1637M
Cisco SystemsCSCO23.9824.1923.8323.8335.5M
AT&T Inc.T27.3927.7427.2527.5225.4M
Oracle Corp.ORCL22.6622.9122.6022.6422.5M
Verizon CommunicationsVZ32.8332.9732.5132.6917.6M
HP Inc.HPQ49.2349.4248.8848.9615.8M
Home DepotHD28.3428.3427.8527.9315.5M
UnitedHealth GroupUNH28.2728.4627.3027.3315.3M
Johnson & JohnsonJNJ64.0564.7363.8764.1612.5M
Wal-Mart StoresWMT54.7354.7754.3154.4411.4M
Abbott LaboratoriesABT54.4154.6954.1354.2411.1M
Procter & GamblePG63.0963.3662.4262.569.84M
Walt Disney & Co.DIS30.8030.9730.3030.339.51M
Gilead SciencesGILD46.4147.0046.1846.267.4M
International Business MachinesIBM127.60128.47127.25127.555.76M
United TechnologiesUTX68.0568.4967.1867.263.79M
Union PacificUNP64.7864.9064.1064.203.16M
Berkshire HathawayBRK.B3349.503350.003291.003291.0039.6K
Exchange Rates of December 3rd, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.250 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.057 CAD1 CAD = 0.946 USD
US DollarSwiss Franc1 USD = 1.001 CHF1 CHF = 0.999 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.860 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.910 GBP1 GBP = 1.099 EUR
EuroAustralian Dollar1 EUR = 1.629 AUD1 AUD = 0.614 EUR
EuroCanadian Dollar1 EUR = 1.591 CAD1 CAD = 0.628 EUR
EuroSwiss Franc1 EUR = 1.507 CHF1 CHF = 0.664 EUR
Japanese YenPound Sterling1 JPY = 0.685 GBP1 GBP = 1.460 JPY
Japanese YenAustralian Dollar1 JPY = 1.226 AUD1 AUD = 0.816 JPY
Japanese YenCanadian Dollar1 JPY = 1.197 CAD1 CAD = 0.835 JPY
Japanese YenSwiss Franc1 JPY = 1.134 CHF1 CHF = 0.882 JPY
Pound SterlingAustralian Dollar1 GBP = 1.790 AUD1 AUD = 0.559 GBP
Pound SterlingCanadian Dollar1 GBP = 1.748 CAD1 CAD = 0.572 GBP
Pound SterlingSwiss Franc1 GBP = 1.655 CHF1 CHF = 0.604 GBP
Pound SterlingChinese Yuan1 GBP = 11.282 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.976 CAD1 CAD = 1.024 AUD
Australian DollarSwiss Franc1 AUD = 0.925 CHF1 CHF = 1.081 AUD
Australian DollarChinese Yuan1 AUD = 6.305 CNY1 CNY = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 0.946 CHF1 CHF = 1.057 CAD
Canadian DollarChinese Yuan1 CAD = 6.459 CNY1 CNY = 0.155 CAD

See what else happened on December 3rd, 2009