Financial news on October 4th, 2010

Business and Financial news
Advertising Week Hints at Better Times

An industry event last week had plenty of promotional gifts, some big-name speakers and a related contest for the worst ad in America. Read more..


Bidders Said to Line Up for R.B.S. Portfolio

Royal Bank of Scotland may be selling a £3 billion portfolio of property loans, and at least three potential bidders are casting an eye over it, The Sunday Times reported. Read more..

By DEALBOOK - The New York Times

Business World Using Commonwealth Games to Assess India

Many of the same Western nations that were publicly upset by India’s lack of sports preparedness have recently stepped up their trade efforts with the country. Read more..

By HEATHER TIMMONS - The New York Times

Dealbreaker Sales Talks: A Hot Market for Blogs

With a sale of Dealbreaker to the Observer Media Group potentially in the offing, blogs are in high demand from older media companies looking for unique editorial voices. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Doerr Brothers Spy Turning Point on Medical E-Records

John Doerr, the well-known venture capitalist, and his brother, Dr. Tom Doerr, a physician and software designer, see a possible turning point for their business with Apple’s iPad and a national mandate for digital medical records. Read more..

By DEALBOOK - The New York Times

Law Firms Orrick and Akin Gump End Merger Talks

Less than a week after announcing they were in preliminary discussions to merge, the big law firms Orrick, Herrington & Sutcliffe and Akin Gump Strauss Hauer & Feld said Monday that they had ended talks. Read more..

By THOMAS KAPLAN - The New York Times

Lehman Omnipresent in Nomura’s Push Into U.S.

Former Lehman Brothers employees have reunited at the American headquarters of Nomura, a Japanese brokerage giant that bought the failed bank’s international operations. Read more..

By DEALBOOK - The New York Times

Lehman Omnipresent in Nomura’s Push Into U.S.

Former Lehman Brothers employees have reunited at the American headquarters of a Japanese brokerage giant. Read more..

By GRAHAM BOWLEY - The New York Times

Sanofi’s Chief: Genzyme, Give Us a Number

Sanofi’s chief executive told DealBook that Monday’s tender offer for Genzyme shares makes sense, and that absent a firm valuation its $18.5 billion offer won’t change. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Stage Is Set (Again) for a Blue-Chip Revival

Every since big blue-chip domestic stocks fell out of favor in early 2000, many market strategists have regularly been predicting their imminent return to glory. Now, some market watchers, armed with a kitchen sink full of arguments, are at it again. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.3116.3716.0016.1045.8M
JPMorgan ChaseJPM38.9839.5438.7138.9538.9M
Oracle Corp.ORCL27.0227.3626.8926.9036.8M
Cisco SystemsCSCO21.8122.0021.5021.7631.7M
AT&T Inc.T28.8429.0828.7028.8626.5M
Wells Fargo & Co.WFC25.5125.7925.2225.3825.6M
HP Inc.HPQ40.8641.2440.4040.6423M
Verizon CommunicationsVZ32.9133.1532.7833.0319.1M
Procter & GamblePG60.0160.3559.6859.9611.6M
Abbott LaboratoriesABT52.5752.9152.1752.5111.2M
Walt Disney & Co.DIS33.2333.6033.0833.1410.7M
Home DepotHD31.7131.9831.5331.6710.3M
Bristol-Myers SquibbBMY26.9527.1426.6926.739.48M
Johnson & JohnsonJNJ61.5461.9861.3061.678.7M
Gilead SciencesGILD35.7035.9035.2635.367.9M
Wal-Mart StoresWMT53.3453.7053.1453.577.14M
UnitedHealth GroupUNH35.3035.3034.3534.545.88M
United TechnologiesUTX71.9472.0370.2370.534.43M
International Business MachinesIBM135.23135.92134.39135.254.06M
Berkshire HathawayBRK.B82.4182.8581.4882.113.86M
Union PacificUNP80.8681.6979.3280.032.1M
Exchange Rates of October 4th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83.410 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.023 CAD1 CAD = 0.977 USD
US DollarSwiss Franc1 USD = 0.971 CHF1 CHF = 1.030 USD
US DollarChinese Yuan1 USD = 6.692 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 114.050 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.864 GBP1 GBP = 1.157 EUR
EuroAustralian Dollar1 EUR = 1.413 AUD1 AUD = 0.708 EUR
EuroCanadian Dollar1 EUR = 1.399 CAD1 CAD = 0.715 EUR
EuroSwiss Franc1 EUR = 1.328 CHF1 CHF = 0.753 EUR
EuroChinese Yuan1 EUR = 9.155 CNY1 CNY = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.757 GBP1 GBP = 1.321 JPY
Japanese YenAustralian Dollar1 JPY = 1.238 AUD1 AUD = 0.807 JPY
Japanese YenCanadian Dollar1 JPY = 1.226 CAD1 CAD = 0.816 JPY
Japanese YenSwiss Franc1 JPY = 1.164 CHF1 CHF = 0.859 JPY
Pound SterlingAustralian Dollar1 GBP = 1.635 AUD1 AUD = 0.612 GBP
Pound SterlingCanadian Dollar1 GBP = 1.619 CAD1 CAD = 0.618 GBP
Pound SterlingSwiss Franc1 GBP = 1.536 CHF1 CHF = 0.651 GBP
Pound SterlingChinese Yuan1 GBP = 10.583 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.990 CAD1 CAD = 1.010 AUD
Australian DollarSwiss Franc1 AUD = 0.939 CHF1 CHF = 1.065 AUD
Australian DollarChinese Yuan1 AUD = 6.474 CNY1 CNY = 0.154 AUD
Canadian DollarSwiss Franc1 CAD = 0.949 CHF1 CHF = 1.054 CAD
Canadian DollarChinese Yuan1 CAD = 6.540 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.890 CNY1 CNY = 0.145 CHF

See what else happened on October 4th, 2010