Financial news on January 5th, 2010

Business and Financial news
Credit Suisse Is Accused of Defrauding Investors in 4 Resorts

Owners at four high-end resorts are seeking $24 billion from Credit Suisse and Cushman & Wakefield, claiming they knowingly inflated the value of resort projects. Read more..

By JIM ROBBINS - The New York Times

Divergent Views on Signs of Life in the Economy

This period might be called the Great Ambiguity — a time of debate over the clarity of economic indicators and the staying power of apparent gains. Read more..

By PETER S. GOODMAN - The New York Times

Google Shakes but Doesn’t Upend the Cellphone Market

The Nexus One has cool features and clunky ones, but in the end, we should root for the success of the Google Store. Read more..

By DAVID POGUE - The New York Times

Judge Refuses to Delay Prison for UBS Informant

The former banker had asked for the delay, saying he was ready to further cooperate with authorities in their pursuit of tax cheats. Read more..

By LYNNLEY BROWNING - The New York Times

Manufacturing Data Helps Invigorate Wall Street

Stocks bolted higher as a report showed that manufacturing activity rose for a fifth month. Read more..

By JACK HEALY and DAVID JOLLY - The New York Times

Pitching a Product, Without Showing It

Kellogg began an ad campaign on Monday that pitched the Special K Challenge to women but, in a twist, never showed the cereal in the spot. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Some Inspiration to Make 2010 a Success

Encouragement never hurts, so why don’t we begin the new year with some wise advice from the successful about how they got that way?. Read more..

By PAUL B. BROWN - The New York Times

Take Off Your Shoes, and Is the Parrot Loaded?

After the failed bombing of an airliner, even a winged pet is subject to scrutiny at the airport security checkpoint. Read more..

By JOE SHARKEY - The New York Times

Tax Enforcers Intensify Focus on Multinationals

Tax inspectors are taking aim at transfer pricing, an arcane area that involves calculating how much profit is made by a company in each country. Read more..


What’s Acceptable for Bank Returns?

After the big losses in the financial crash, banks’ returns should be lower. But if returns fall too far, the results could be severe. Read more..

By PETER THAL LARSEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.4615.6715.4515.5364.6M
Wells Fargo & Co.WFC27.2728.2427.2428.0755.4M
Cisco SystemsCSCO24.6024.7324.3824.5845.1M
JPMorgan ChaseJPM42.7943.8442.7843.6841.2M
AT&T Inc.T28.7028.7328.3528.4435.2M
Oracle Corp.ORCL24.7224.8524.3524.8228.7M
Verizon CommunicationsVZ33.3733.4032.7832.8623.7M
Bristol-Myers SquibbBMY25.5125.5525.0125.2317M
Wal-Mart StoresWMT54.0954.1953.5753.6915.6M
Home DepotHD28.7328.9928.2928.8815.6M
HP Inc.HPQ52.1452.7452.1052.6713.1M
UnitedHealth GroupUNH31.7331.9731.2831.4811.2M
Johnson & JohnsonJNJ64.5864.6263.8263.9310.7M
Abbott LaboratoriesABT54.4754.4753.7554.0210.6M
Gilead SciencesGILD43.3643.4142.7043.2610.4M
Walt Disney & Co.DIS32.0732.1631.7031.9910.3M
Procter & GamblePG61.1361.2860.6061.148.65M
International Business MachinesIBM131.68131.85130.10130.856.84M
United TechnologiesUTX71.6471.6470.2870.565M
Union PacificUNP65.5666.8065.3466.303.37M
Berkshire HathawayBRK.B3319.503329.503307.503327.0026.2K
Exchange Rates of January 5th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.670 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.039 CAD1 CAD = 0.963 USD
US DollarSwiss Franc1 USD = 1.034 CHF1 CHF = 0.967 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 131.690 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.898 GBP1 GBP = 1.113 EUR
EuroAustralian Dollar1 EUR = 1.574 AUD1 AUD = 0.635 EUR
EuroCanadian Dollar1 EUR = 1.492 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.485 CHF1 CHF = 0.673 EUR
EuroChinese Yuan1 EUR = 9.808 CNY1 CNY = 0.102 EUR
Japanese YenPound Sterling1 JPY = 0.682 GBP1 GBP = 1.467 JPY
Japanese YenAustralian Dollar1 JPY = 1.195 AUD1 AUD = 0.837 JPY
Japanese YenCanadian Dollar1 JPY = 1.133 CAD1 CAD = 0.883 JPY
Japanese YenSwiss Franc1 JPY = 1.127 CHF1 CHF = 0.887 JPY
Pound SterlingAustralian Dollar1 GBP = 1.752 AUD1 AUD = 0.571 GBP
Pound SterlingCanadian Dollar1 GBP = 1.661 CAD1 CAD = 0.602 GBP
Pound SterlingSwiss Franc1 GBP = 1.653 CHF1 CHF = 0.605 GBP
Pound SterlingChinese Yuan1 GBP = 10.913 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.948 CAD1 CAD = 1.055 AUD
Australian DollarSwiss Franc1 AUD = 0.943 CHF1 CHF = 1.060 AUD
Australian DollarChinese Yuan1 AUD = 6.229 CNY1 CNY = 0.161 AUD
Canadian DollarSwiss Franc1 CAD = 0.995 CHF1 CHF = 1.005 CAD
Canadian DollarChinese Yuan1 CAD = 6.575 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.605 CNY1 CNY = 0.151 CHF

See what else happened on January 5th, 2010