Financial news on November 3rd, 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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT27,3327,4926,9627,03110M
General ElectricGE15,9616,1015,8816,0665.8M
Cisco SystemsCSCO23,2923,7423,1823,7153.9M
IntelINTC20,3420,5220,2220,4853M
PfizerPFE17,5117,6617,4517,5950.5M
JPMorgan ChaseJPM36,9837,8336,9637,7235.3M
Wells Fargo & Co.WFC25,7426,5025,6926,4632.4M
Oracle Corp.ORCL29,5529,5728,9929,2030M
ExxonMobilXOM68,2368,2767,3267,9726.5M
HP Inc.HPQ42,8544,0042,8343,8122.2M
AT&T Inc.T29,0129,1128,7629,0619.2M
AppleAAPL311,37312,88308,53312,8018.2M
ComcastCMCSA20,6920,8020,5020,6716.7M
Verizon CommunicationsVZ32,9033,0532,7032,9913.8M
ConocoPhillipsCOP59,3959,4558,3759,4113.6M
Bristol-Myers SquibbBMY26,8926,9526,4426,6513.1M
Walt Disney & Co.DIS36,1236,4335,9536,2912.1M
Abbott LaboratoriesABT50,8651,1950,6051,0412M
UnitedHealth GroupUNH36,6537,4536,0736,6610.7M
ChevronCVX82,6683,1281,9182,7010M
AltriaMO25,5925,7925,5725,769.82M
MerckMRK36,7336,7736,0536,519.51M
SchlumbergerSLB71,7072,2170,9572,219.47M
Johnson & JohnsonJNJ63,9964,2063,5564,199.32M
Wal-Mart StoresWMT54,7754,9554,2254,919.19M
Home DepotHD31,6131,6531,0431,469.07M
Procter & GamblePG64,0064,3663,8364,318.62M
Gilead SciencesGILD40,3740,3739,5139,818.43M
Coca-ColaKO61,8361,9561,2861,957.84M
PepsicoPEP65,7265,7564,5865,207.58M
AlphabetGOOGL617,50621,83613,50620,186.75M
AmazonAMZN165,40168,61162,29168,476.11M
International Business MachinesIBM144,24144,46142,63144,175.18M
BoeingBA69,6669,7368,0468,944.67M
AmgenAMGN57,2657,7257,0757,304.43M
Berkshire HathawayBRK.B80,7981,5080,2481,274.4M
3MMMM85,1585,5883,3085,304.08M
McDonald'sMCD78,4178,7177,8278,504.06M
United TechnologiesUTX75,2475,5374,3175,053.59M
VisaV78,5779,2278,0079,003.53M
Union PacificUNP90,0491,1389,8191,033.08M
Exchange Rates of November 3rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81,140 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,009 CAD1 CAD = 0,991 USD
US DollarSwiss Franc1 USD = 0,971 CHF1 CHF = 1,030 USD
US DollarChinese Yuan1 USD = 6,676 CNY1 CNY = 0,150 USD
EuroJapanese Yen1 EUR = 114,650 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,877 GBP1 GBP = 1,140 EUR
EuroAustralian Dollar1 EUR = 1,403 AUD1 AUD = 0,713 EUR
EuroCanadian Dollar1 EUR = 1,424 CAD1 CAD = 0,702 EUR
EuroSwiss Franc1 EUR = 1,372 CHF1 CHF = 0,729 EUR
EuroChinese Yuan1 EUR = 9,419 CNY1 CNY = 0,106 EUR
Japanese YenPound Sterling1 JPY = 0,765 GBP1 GBP = 1,307 JPY
Japanese YenAustralian Dollar1 JPY = 1,224 AUD1 AUD = 0,817 JPY
Japanese YenCanadian Dollar1 JPY = 1,243 CAD1 CAD = 0,805 JPY
Japanese YenSwiss Franc1 JPY = 1,196 CHF1 CHF = 0,836 JPY
Pound SterlingAustralian Dollar1 GBP = 1,600 AUD1 AUD = 0,625 GBP
Pound SterlingCanadian Dollar1 GBP = 1,624 CAD1 CAD = 0,616 GBP
Pound SterlingSwiss Franc1 GBP = 1,563 CHF1 CHF = 0,640 GBP
Pound SterlingChinese Yuan1 GBP = 10,748 CNY1 CNY = 0,093 GBP
Australian DollarCanadian Dollar1 AUD = 1,015 CAD1 CAD = 0,986 AUD
Australian DollarSwiss Franc1 AUD = 0,977 CHF1 CHF = 1,024 AUD
Australian DollarChinese Yuan1 AUD = 6,679 CNY1 CNY = 0,150 AUD
Canadian DollarSwiss Franc1 CAD = 0,963 CHF1 CHF = 1,039 CAD
Canadian DollarChinese Yuan1 CAD = 6,638 CNY1 CNY = 0,151 CAD
Swiss FrancChinese Yuan1 CHF = 6,864 CNY1 CNY = 0,146 CHF

See what else happened on November 3rd, 2010