Financial news on October 4th, 2010
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
Former Lehman Brothers employees have reunited at the American headquarters of a Japanese brokerage giant. Read more..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.51||25.79||25.22||25.38||25.6M|
|Procter & Gamble||PG||60.01||60.35||59.68||59.96||11.6M|
|Walt Disney & Co.||DIS||33.23||33.60||33.08||33.14||10.7M|
|Johnson & Johnson||JNJ||61.54||61.98||61.30||61.67||8.7M|
|International Business Machines||IBM||135.23||135.92||134.39||135.25||4.06M|
Exchange Rates of October 4th, 2010
|US Dollar||Japanese Yen||1 USD = 83.410 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.023 CAD||1 CAD = 0.977 USD|
|US Dollar||Swiss Franc||1 USD = 0.971 CHF||1 CHF = 1.030 USD|
|US Dollar||Chinese Yuan||1 USD = 6.692 CNY||1 CNY = 0.149 USD|
|Euro||Japanese Yen||1 EUR = 114.050 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.864 GBP||1 GBP = 1.157 EUR|
|Euro||Australian Dollar||1 EUR = 1.413 AUD||1 AUD = 0.708 EUR|
|Euro||Canadian Dollar||1 EUR = 1.399 CAD||1 CAD = 0.715 EUR|
|Euro||Swiss Franc||1 EUR = 1.328 CHF||1 CHF = 0.753 EUR|
|Euro||Chinese Yuan||1 EUR = 9.155 CNY||1 CNY = 0.109 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.757 GBP||1 GBP = 1.321 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.238 AUD||1 AUD = 0.807 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.226 CAD||1 CAD = 0.816 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.164 CHF||1 CHF = 0.859 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.635 AUD||1 AUD = 0.612 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.619 CAD||1 CAD = 0.618 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.536 CHF||1 CHF = 0.651 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.583 CNY||1 CNY = 0.094 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.990 CAD||1 CAD = 1.010 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.939 CHF||1 CHF = 1.065 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.474 CNY||1 CNY = 0.154 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.949 CHF||1 CHF = 1.054 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.540 CNY||1 CNY = 0.153 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.890 CNY||1 CNY = 0.145 CHF|