Financial news on October 06, 2010

Business and Financial news
Allied Irish Selling $2.2 Billion Stake in M&T

Allied Irish Banks will sell a 22 percent stake, valued at around $2.2 billion, in M&T Bank in a public offering, the bank said in a statement on Tuesday. Read more..

By DEALBOOK - The New York Times

Bailout Loss Estimated at $29 Billion

The Treasury Department expects to lose $29 billion on the federal bailouts stemming from the financial crisis, with most of the losses in its housing finance program and the auto rescue. Read more..

By LOUISE STORY - The New York Times

BofA Quits Wholesale Mortgage Lending

Bank of America closed its wholesale mortgage-lending operations on Tuesday, steering business toward loans to consumers and community banks, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Fund Manager’s Teddy Bear Collection on the Block

Paul Greenwood, the former hedge fund manager who pleaded guilty to fraud charges, is being forced to part with his prized teddy bear collection, according to press reports. Read more..

By DEALBOOK - The New York Times

Linc Logistics I.P.O. Could Raise $126.3 Million

Linc Logistics, which provides inventory management and transportation services to auto companies, could raise as much as $126.3 million in an initial public offering this week. Read more..

By DEALBOOK - The New York Times

Microsoft Backs AppNexus in $50 Million Round

Microsoft has joined the third round of financing for AppNexus, a real-time ad platform, which raised $50 million this go-round. Read more..

By DEALBOOK - The New York Times

Morning Take-Out

Why globalization is bad for you; the economists who saved Brazil; a mind map of the digital age. Read more..

By DEALBOOK - The New York Times

Paulson’s Flagship Fund Up 12 Percent

Advantage Plus, John Paulson’s flagship fund, jumped more than 12 percent last month, recovering this year’s losses and bolstered by a surprising September stock-market rally. Read more..

By DEALBOOK - The New York Times

Potash Slams Report on BHP Takeover Bid

The Potash Corporation slammed a report that favors BHP Billiton’s $39 billion offer for the fertilizer maker over a potential bid from a state-owned Chinese entity. Read more..

By DEALBOOK - The New York Times

TV’s Future Has Arrived (Almost)

Two new set-top boxes from Roku and Apple, though flawed, offer ways to supply on-demand TV shows, provide Internet access and obtain movies. Read more..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.49 17.00 16.46 16.90 74M
Intel INTC 19.21 19.37 19.13 19.31 55M
Cisco Systems CSCO 22.03 22.40 22.01 22.30 52.8M
Oracle Corp. ORCL 27.30 27.86 27.24 27.58 50.6M
Microsoft MSFT 24.32 24.54 24.13 24.43 50.5M
AT&T Inc. T 29.05 29.05 28.24 28.62 49M
Verizon Communications VZ 33.14 33.48 32.74 33.36 39.2M
Pfizer PFE 17.24 17.38 17.17 17.26 35.7M
Wells Fargo & Co. WFC 26.22 26.49 26.13 26.30 31.9M
JPMorgan Chase JPM 39.56 40.07 39.42 39.90 31.6M
Comcast CMCSA 18.03 18.03 17.57 17.76 27.6M
HP Inc. HPQ 41.05 41.22 40.44 40.74 25.9M
Apple AAPL 289.59 291.99 285.26 289.19 24M
ExxonMobil XOM 63.18 63.94 63.18 63.94 21.6M
ConocoPhillips COP 58.82 59.70 58.80 59.70 14.6M
Altria MO 24.28 24.53 24.28 24.43 14.5M
UnitedHealth Group UNH 35.04 35.22 33.94 33.95 13.8M
Walt Disney & Co. DIS 33.84 33.98 33.44 33.72 11.3M
Johnson & Johnson JNJ 62.89 63.26 62.50 63.21 11.3M
Wal-Mart Stores WMT 53.92 54.63 53.90 54.56 10.4M
Abbott Laboratories ABT 52.97 53.22 52.66 52.98 10.2M
Home Depot HD 31.77 31.87 31.54 31.74 9.96M
Chevron CVX 83.29 84.30 83.21 83.89 8.65M
Gilead Sciences GILD 36.02 36.10 35.43 35.75 8.46M
Schlumberger SLB 62.81 63.92 62.73 63.13 8.34M
Bristol-Myers Squibb BMY 27.10 27.28 27.09 27.19 8.15M
Procter & Gamble PG 60.75 60.99 60.30 60.87 7.23M
Pepsico PEP 67.55 68.11 67.40 68.11 7.2M
Coca-Cola KO 59.63 59.81 59.36 59.80 7.06M
Amazon AMZN 160.60 160.68 154.60 155.40 6.06M
Alphabet GOOGL 539.26 539.95 529.94 534.35 5.52M
International Business Machines IBM 136.88 137.96 136.83 137.84 4.78M
McDonald's MCD 75.79 75.95 75.40 75.56 4.73M
Boeing BA 68.61 69.39 68.41 68.58 4.72M
Amgen AMGN 55.88 56.11 55.32 55.83 4.67M
3M MMM 88.66 89.90 88.66 89.89 4.14M
United Technologies UTX 72.38 72.95 72.38 72.87 3.95M
Visa V 75.06 75.50 73.80 74.23 3.78M
Berkshire Hathaway BRK.B 83.26 83.54 82.82 83.54 3.36M
Union Pacific UNP 82.40 83.29 82.23 83.29 2.2M
Merck MRK 37.04 37.21 36.83 37.01 2.06M
Exchange Rates of October 06, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 82.910 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.011 CAD 1 CAD = 0.989 USD
US Dollar Swiss Franc 1 USD = 0.962 CHF 1 CHF = 1.040 USD
US Dollar Chinese Yuan 1 USD = 6.689 CNY 1 CNY = 0.149 USD
Euro Japanese Yen 1 EUR = 115.455 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.877 GBP 1 GBP = 1.141 EUR
Euro Australian Dollar 1 EUR = 1.425 AUD 1 AUD = 0.702 EUR
Euro Canadian Dollar 1 EUR = 1.408 CAD 1 CAD = 0.710 EUR
Euro Swiss Franc 1 EUR = 1.340 CHF 1 CHF = 0.746 EUR
Euro Chinese Yuan 1 EUR = 9.321 CNY 1 CNY = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.759 GBP 1 GBP = 1.318 JPY
Japanese Yen Australian Dollar 1 JPY = 1.234 AUD 1 AUD = 0.810 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.219 CAD 1 CAD = 0.821 JPY
Japanese Yen Swiss Franc 1 JPY = 1.160 CHF 1 CHF = 0.862 JPY
Pound Sterling Australian Dollar 1 GBP = 1.626 AUD 1 AUD = 0.615 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.606 CAD 1 CAD = 0.623 GBP
Pound Sterling Swiss Franc 1 GBP = 1.528 CHF 1 CHF = 0.655 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.622 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.987 CAD 1 CAD = 1.013 AUD
Australian Dollar Swiss Franc 1 AUD = 0.939 CHF 1 CHF = 1.065 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.538 CNY 1 CNY = 0.153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.951 CHF 1 CHF = 1.051 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.632 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.963 CNY 1 CNY = 0.144 CHF

See what else happened on October 06, 2010