Financial news on November 5th, 2010

Business and Financial news
A Child’s Legacy Is More Than Money

Estate planning may be difficult, but tougher still is imparting life tools like good judgment and passion. Read more..

By PAUL SULLIVAN - The New York Times

After Months of Feuding, Obama Makes Overture to Business Group

In his postelection remarks, the president seemed to hint at a different tone toward the United States Chamber of Commerce and other business organizations. Read more..

By MICHAEL D. SHEAR - The New York Times

Asian Markets See Slight Gains After Fed Move

Stock markets took the details of a much-anticipated asset-purchase program by the Federal Reserve in stride on Thursday. Read more..

By BETTINA WASSENER - The New York Times

Bernanke Fearing Fate of Japan, Not Greece

Ben Bernanke has no control over fiscal policy, and how much he can do with monetary policy is the question. Read more..

By SEWELL CHAN - The New York Times

Emerging-Market Countries Criticize Fed Decision

Policy makers fear that the Federal Reserve’s new measures could increase the flood of cash into their fast-growing economies. Read more..

By BETTINA WASSENER - International Herald Tribune

Ignore Long-Term Care Planning at Your Peril

Fewer people are signing up for the coverage as some premiums rise, but millions of people approaching old age and their families may wish they had. Read more..

By RON LIEBER - The New York Times

Is It Really a Pension? It’s a Problem

Social Security was set up to reduce poverty among the elderly and disabled, but it was sold as a pension plan — and that’s one reason it is so hard to contain. Read more..

By FLOYD NORRIS - The New York Times

Morning Take-Out

BofA’s mortgage-backed “doublespeak”; Twitter diplomacy; and the catastrophe calculator. Read more..

By DEALBOOK - The New York Times

Obama to Visit India, and Both Sides Hope to Expand Ties

More than 200 executives will accompany President Obama and try to boost the countries’ economic ties. Read more..


Stuck in the Sandwich

Many of us are supporting parents and children while wondering about our own financial future. But with some planning, there is cause to be optimistic. Read more..

By RON LIEBER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC27.5629.3627.5529.2279.8M
JPMorgan ChaseJPM39.8941.3439.7840.9475.7M
General ElectricGE16.5216.8616.5116.7369.8M
Cisco SystemsCSCO24.2624.3423.8824.2641M
Oracle Corp.ORCL29.3029.5028.9829.2528.3M
AT&T Inc.T29.4629.4729.1329.2718.1M
HP Inc.HPQ43.9344.1043.3643.7215.6M
Abbott LaboratoriesABT50.8651.0650.6150.9213.7M
Verizon CommunicationsVZ33.5933.6233.0433.4313.2M
Gilead SciencesGILD39.5339.5938.5638.9511.5M
Home DepotHD31.9532.2931.7731.9210.8M
Wal-Mart StoresWMT55.4555.7254.9055.2010.3M
Procter & GamblePG64.9165.0064.6265.009.75M
Walt Disney & Co.DIS36.7837.2736.7837.209.71M
Johnson & JohnsonJNJ64.7564.8464.1064.659.28M
Bristol-Myers SquibbBMY26.8826.9026.5226.699.22M
UnitedHealth GroupUNH36.7337.1936.4836.867.19M
Berkshire HathawayBRK.B82.6483.8082.4683.726.01M
International Business MachinesIBM145.94146.93145.67146.925M
United TechnologiesUTX76.4976.8976.1476.754.71M
Union PacificUNP91.1892.5090.5691.222.98M
Exchange Rates of November 5th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.260 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.000 CAD1 CAD = 1.000 USD
US DollarSwiss Franc1 USD = 0.961 CHF1 CHF = 1.041 USD
US DollarChinese Yuan1 USD = 6.655 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 114.000 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.867 GBP1 GBP = 1.153 EUR
EuroAustralian Dollar1 EUR = 1.381 AUD1 AUD = 0.724 EUR
EuroCanadian Dollar1 EUR = 1.403 CAD1 CAD = 0.713 EUR
EuroSwiss Franc1 EUR = 1.348 CHF1 CHF = 0.742 EUR
EuroChinese Yuan1 EUR = 9.342 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.760 GBP1 GBP = 1.316 JPY
Japanese YenAustralian Dollar1 JPY = 1.210 AUD1 AUD = 0.827 JPY
Japanese YenCanadian Dollar1 JPY = 1.230 CAD1 CAD = 0.813 JPY
Japanese YenSwiss Franc1 JPY = 1.183 CHF1 CHF = 0.845 JPY
Pound SterlingAustralian Dollar1 GBP = 1.593 AUD1 AUD = 0.628 GBP
Pound SterlingCanadian Dollar1 GBP = 1.618 CAD1 CAD = 0.618 GBP
Pound SterlingSwiss Franc1 GBP = 1.555 CHF1 CHF = 0.643 GBP
Pound SterlingChinese Yuan1 GBP = 10.765 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 1.015 CAD1 CAD = 0.985 AUD
Australian DollarSwiss Franc1 AUD = 0.975 CHF1 CHF = 1.026 AUD
Australian DollarChinese Yuan1 AUD = 6.759 CNY1 CNY = 0.148 AUD
Canadian DollarSwiss Franc1 CAD = 0.961 CHF1 CHF = 1.041 CAD
Canadian DollarChinese Yuan1 CAD = 6.655 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.921 CNY1 CNY = 0.144 CHF

See what else happened on November 5th, 2010