Financial news on November 03, 2010

Business and Financial news
Adapting a European Tool to U.S. Mortgages

With banks looking for alternative methods to finance mortgages, some analysts are promoting covered bonds, an instrument popular in Europe since the 18th century. Read more..

By DEALBOOK - The New York Times

Despite Soros, Prop. 19 Fails in California

Despite a $1 million donation from the hedge fund magnate, California’s Proposition 19, which would have legalized marijuana for recreational use, was smoked at the polls. Read more..

By DEALBOOK - The New York Times

Icahn Fires Back At Lions Gate in Legal Battles

Carl Icahn said on Tuesday he will appeal a court ruling upholding a swap transaction by Lions Gate Entertainment that he claims hindered his hostile takeover bid for the studio, Reuters reported. Read more..

By DEALBOOK - The New York Times

I.C.B.C. Looks to Southeast Asia

Industrial and Commercial Bank of China, the world’s most valuable lender, said Wednesday that it was looking for acquisitions in countries in Southeast Asia where now it has no presence. Read more..

By DEALBOOK - The New York Times

Investors Forget Lending Lessons

The ability to replace equity with debt has come back with a vengeance. Read more..

By TIMOTHY SIFERT and FIONA MAHARG-BRAVO - The New York Times

Lloyds Names Santander UK Executive as Its New Chief

Lloyds Banking Group on Wednesday named António Horta-Osório as its new chief executive, replacing Eric Daniels. Read more..

By CHRIS V. NICHOLSON - The New York Times

S.E.C. Weighs Rules on Unfettered Market Access

Unlicensed high-frequency traders will no longer be able to gain unfettered or “naked” access to public markets under a rule being considered by the Securities and Exchange Commission. Read more..

By DEALBOOK - The New York Times

Solar Firm to Close a Factory and Delay Growth

Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers. Read more..

By DEALBOOK - The New York Times

Solar-Panel Maker to Close a Factory and Delay Expansion

Solyndra, the Silicon Valley company that won a federal grant to build a robotic factory, faces stiff price competition from Chinese manufacturers. Read more..

By TODD WOODY - The New York Times

Washington Played a Big Part in G.M. Turnaround

The Obama administration distanced itself from day-to-day management of G.M. but played an important role in decisions on leadership and strategy. Read more..

By BILL VLASIC - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 27.33 27.49 26.96 27.03 110M
General Electric GE 15.96 16.10 15.88 16.06 65.8M
Cisco Systems CSCO 23.29 23.74 23.18 23.71 53.9M
Intel INTC 20.34 20.52 20.22 20.48 53M
Pfizer PFE 17.51 17.66 17.45 17.59 50.5M
JPMorgan Chase JPM 36.98 37.83 36.96 37.72 35.3M
Wells Fargo & Co. WFC 25.74 26.50 25.69 26.46 32.4M
Oracle Corp. ORCL 29.55 29.57 28.99 29.20 30M
ExxonMobil XOM 68.23 68.27 67.32 67.97 26.5M
HP Inc. HPQ 42.85 44.00 42.83 43.81 22.2M
AT&T Inc. T 29.01 29.11 28.76 29.06 19.2M
Apple AAPL 311.37 312.88 308.53 312.80 18.2M
Comcast CMCSA 20.69 20.80 20.50 20.67 16.7M
Verizon Communications VZ 32.90 33.05 32.70 32.99 13.8M
ConocoPhillips COP 59.39 59.45 58.37 59.41 13.6M
Bristol-Myers Squibb BMY 26.89 26.95 26.44 26.65 13.1M
Walt Disney & Co. DIS 36.12 36.43 35.95 36.29 12.1M
Abbott Laboratories ABT 50.86 51.19 50.60 51.04 12M
UnitedHealth Group UNH 36.65 37.45 36.07 36.66 10.7M
Chevron CVX 82.66 83.12 81.91 82.70 10M
Altria MO 25.59 25.79 25.57 25.76 9.82M
Merck MRK 36.73 36.77 36.05 36.51 9.51M
Schlumberger SLB 71.70 72.21 70.95 72.21 9.47M
Johnson & Johnson JNJ 63.99 64.20 63.55 64.19 9.32M
Wal-Mart Stores WMT 54.77 54.95 54.22 54.91 9.19M
Home Depot HD 31.61 31.65 31.04 31.46 9.07M
Procter & Gamble PG 64.00 64.36 63.83 64.31 8.62M
Gilead Sciences GILD 40.37 40.37 39.51 39.81 8.43M
Coca-Cola KO 61.83 61.95 61.28 61.95 7.84M
Pepsico PEP 65.72 65.75 64.58 65.20 7.58M
Alphabet GOOGL 617.50 621.83 613.50 620.18 6.75M
Amazon AMZN 165.40 168.61 162.29 168.47 6.11M
International Business Machines IBM 144.24 144.46 142.63 144.17 5.18M
Boeing BA 69.66 69.73 68.04 68.94 4.67M
Amgen AMGN 57.26 57.72 57.07 57.30 4.43M
Berkshire Hathaway BRK.B 80.79 81.50 80.24 81.27 4.4M
3M MMM 85.15 85.58 83.30 85.30 4.08M
McDonald's MCD 78.41 78.71 77.82 78.50 4.06M
United Technologies UTX 75.24 75.53 74.31 75.05 3.59M
Visa V 78.57 79.22 78.00 79.00 3.53M
Union Pacific UNP 90.04 91.13 89.81 91.03 3.08M
Exchange Rates of November 03, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.140 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.009 CAD 1 CAD = 0.991 USD
US Dollar Swiss Franc 1 USD = 0.971 CHF 1 CHF = 1.030 USD
US Dollar Chinese Yuan 1 USD = 6.676 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 114.650 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.877 GBP 1 GBP = 1.140 EUR
Euro Australian Dollar 1 EUR = 1.403 AUD 1 AUD = 0.713 EUR
Euro Canadian Dollar 1 EUR = 1.424 CAD 1 CAD = 0.702 EUR
Euro Swiss Franc 1 EUR = 1.372 CHF 1 CHF = 0.729 EUR
Euro Chinese Yuan 1 EUR = 9.419 CNY 1 CNY = 0.106 EUR
Japanese Yen Pound Sterling 1 JPY = 0.765 GBP 1 GBP = 1.307 JPY
Japanese Yen Australian Dollar 1 JPY = 1.224 AUD 1 AUD = 0.817 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.243 CAD 1 CAD = 0.805 JPY
Japanese Yen Swiss Franc 1 JPY = 1.196 CHF 1 CHF = 0.836 JPY
Pound Sterling Australian Dollar 1 GBP = 1.600 AUD 1 AUD = 0.625 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.624 CAD 1 CAD = 0.616 GBP
Pound Sterling Swiss Franc 1 GBP = 1.563 CHF 1 CHF = 0.640 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.748 CNY 1 CNY = 0.093 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.015 CAD 1 CAD = 0.986 AUD
Australian Dollar Swiss Franc 1 AUD = 0.977 CHF 1 CHF = 1.024 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.679 CNY 1 CNY = 0.150 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.963 CHF 1 CHF = 1.039 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.638 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.864 CNY 1 CNY = 0.146 CHF

See what else happened on November 03, 2010