Financial news on November 4th, 2010

Business and Financial news
BHP: Love’s Labor’s Lost

BHP is racking up a history of failed acquisition attempts, and some investors worry that its chief executive is chasing the wrong deals or not doing enough political groundwork to clear the way. Read more..

By HEIDI N. MOORE - The New York Times

Black, JPMorgan’s Vice Chairman, to Leave in 2011

The JPMorgan Chase vice chairman and key lieutenant to the firm’s chief, Jamie Dimon, will leave early next year, according to an internal memorandum obtained by DealBook. Read more..

By DEALBOOK - The New York Times

Credit Suisse Seeks to Liquidate Tamarack Resort

Credit Suisse, which leads a lender group owed $300 million by Tamarack Resort, says liquidating the central Idaho vacation getaway is the best way to recoup a fraction of their investment. Read more..

By DEALBOOK - The New York Times

Editorial: New Energy Outfoxes Old in California

When it came to California’s global warming law, the state’s hedge fund and venture capital investors won the day Tuesday, The New York Times’s editorial board says. Read more..

By DEALBOOK - The New York Times

Goldman Bonuses to Suffer on Trading Weakness

Goldman Sachs, the New York-based bank that makes most of its money from trading and set a Wall Street pay record in 2007, slashed average compensation 26 percent in the first nine months of 2010, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Promise of Renewed Battle Over Reach of Health Care

Congress may re-examine some of the law’s provisions, and efforts to carry out the measure at the state level will probably be complicated. Read more..

By ROBERT PEAR and REED ABELSON - The New York Times

Rejecting Bid Sends Bad Signal

Canada’s decision to reject a takeover bid for Potash could affect the country’s ability to attract capital. Read more..

By ROB COX and AGNES T. CRANE - The New York Times

September Rally Pushes Hedge Fund to Close

A relatively new hedge fund announced its own death knell this week, citing turbulent conditions and an unfortunate bet against the market for the decision to shutter the firm. Read more..

By AZAM AHMED - The New York Times

SodaStream Soars in First Day of Trading

Shares of SodaStream International surged more than 20 percent in their first day of trading on the Nasdaq Global Market Wednesday. Read more..

By DEALBOOK - The New York Times

Swiss Re Repays Buffett’s $3 Billion Loan

Swiss Reinsurance Co., the world’s second-largest reinsurer, said it has agreed to repay Warren Buffett’s Berkshire Hathaway, which injected 3 billion Swiss francs ($3.09 billion) of capital last year. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,2016,5916,1816,5187.2M
JPMorgan ChaseJPM38,1439,8537,8639,8077.6M
Wells Fargo & Co.WFC26,8127,5026,6327,4657.4M
Cisco SystemsCSCO23,9224,3423,8924,2155.9M
Oracle Corp.ORCL29,6129,8229,1029,4735.7M
AT&T Inc.T29,2329,4929,1029,4422.9M
HP Inc.HPQ44,1344,5643,8144,0721.6M
Abbott LaboratoriesABT51,3751,5850,7250,8819.3M
Walt Disney & Co.DIS36,5037,1636,4637,0316.7M
Verizon CommunicationsVZ33,2133,5433,1633,5214.7M
Wal-Mart StoresWMT55,0055,5054,9555,3613.2M
Procter & GamblePG64,5365,0064,3965,0011.8M
Johnson & JohnsonJNJ64,3264,9264,2464,7611.3M
Home DepotHD31,8331,9831,7631,9411.1M
Bristol-Myers SquibbBMY26,8326,8926,5626,8310.1M
Gilead SciencesGILD40,0340,1039,4839,648.78M
Berkshire HathawayBRK.B82,1583,0981,6982,967.62M
UnitedHealth GroupUNH37,0037,0536,3836,806.84M
International Business MachinesIBM144,82146,84144,71146,796.62M
Union PacificUNP92,4992,7190,8291,725.53M
United TechnologiesUTX76,0176,9075,4676,245.5M
Exchange Rates of November 4th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80,700 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,002 CAD1 CAD = 0,998 USD
US DollarSwiss Franc1 USD = 0,958 CHF1 CHF = 1,044 USD
US DollarChinese Yuan1 USD = 6,661 CNY1 CNY = 0,150 USD
EuroJapanese Yen1 EUR = 114,780 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,874 GBP1 GBP = 1,145 EUR
EuroAustralian Dollar1 EUR = 1,401 AUD1 AUD = 0,714 EUR
EuroCanadian Dollar1 EUR = 1,425 CAD1 CAD = 0,702 EUR
EuroSwiss Franc1 EUR = 1,362 CHF1 CHF = 0,734 EUR
EuroChinese Yuan1 EUR = 9,470 CNY1 CNY = 0,106 EUR
Japanese YenPound Sterling1 JPY = 0,761 GBP1 GBP = 1,314 JPY
Japanese YenAustralian Dollar1 JPY = 1,220 AUD1 AUD = 0,820 JPY
Japanese YenCanadian Dollar1 JPY = 1,241 CAD1 CAD = 0,806 JPY
Japanese YenSwiss Franc1 JPY = 1,187 CHF1 CHF = 0,843 JPY
Pound SterlingAustralian Dollar1 GBP = 1,603 AUD1 AUD = 0,624 GBP
Pound SterlingCanadian Dollar1 GBP = 1,630 CAD1 CAD = 0,613 GBP
Pound SterlingSwiss Franc1 GBP = 1,559 CHF1 CHF = 0,642 GBP
Pound SterlingChinese Yuan1 GBP = 10,832 CNY1 CNY = 0,092 GBP
Australian DollarCanadian Dollar1 AUD = 1,017 CAD1 CAD = 0,983 AUD
Australian DollarSwiss Franc1 AUD = 0,972 CHF1 CHF = 1,029 AUD
Australian DollarChinese Yuan1 AUD = 6,764 CNY1 CNY = 0,148 AUD
Canadian DollarSwiss Franc1 CAD = 0,955 CHF1 CHF = 1,047 CAD
Canadian DollarChinese Yuan1 CAD = 6,647 CNY1 CNY = 0,150 CAD
Swiss FrancChinese Yuan1 CHF = 6,955 CNY1 CNY = 0,144 CHF

See what else happened on November 4th, 2010