Financial news on October 7th, 2010

Business and Financial news
A Printer, Several Computers, Wireless Network. Mix.

How to share a printer among computers on a home network, even when the equipment doesn’t all speak the same operating language. Read more..

By RIK FAIRLIE - The New York Times

Don’t Mess With J.R.: Citi Gets Hit for $11.6 Million

The actor Larry Hagman, who played J.R. Ewing in the 1980s hit series “Dallas,” has been awarded $11.6 million in a securities arbitration case against Citigroup Global Markets. Read more..

By THOMAS KAPLAN - The New York Times

Father and Son Found Guilty of Tax Evasion

Mauricio Cohen Assor and Leon Cohen Levy were found guilty of conspiring to defraud the Internal Revenue Service and filing false tax returns. Read more..

By BLOOMBERG NEWS - The New York Times

Gates Foundation Backs ABC News Project

ABC News and the Bill and Melinda Gates Foundation have entered into an unusual financial agreement to back a yearlong project investigating global health problems and their potential solutions. Read more..

By DEALBOOK - The New York Times

Lehman Push Is Said to Lack Legal Grounding

Lehman Brothers faces two problems in its case that Barclays reaped undue rewards from its deal to buy up much of the failing bank when no one else would, a Bloomberg News columnist argues. Read more..

By DEALBOOK - The New York Times

Morning Take-Out

Why hormones make traders rich; how should Kerviel pay it all back?; the highest trash heap in the world. Read more..

By DEALBOOK - The New York Times

Real Estate Collapse Spells Havoc in Dubai

Now, with the glitter gone, many who bought into Dubai real estate are finding it hard to get out. The collapse in property values was one cause of the recent crisis of Kabul Bank. Read more..

By DEALBOOK - The New York Times

Recovering Changes From Microsoft Word

Getting back lost changes in a Word document, and reading the Web offline. Read more..

By J. D. BIERSDORFER - The New York Times

Smaller Firms Could Have Taken on Soured Assets

The Treasury Department’s program to soak up toxic mortgage assets may have unnecessarily excluded smaller, well-qualified fund managers to the detriment of taxpayers, a U.S. bailout watchdog said on Thursday. Read more..

By DEALBOOK - The New York Times

World Bank and I.M.F. at Odds Over Hot Money

Emerging economies should consider steps to contain fund flows that could cause currency rallies and asset bubbles, the World Bank chief was quoted as saying, but the International Monetary Fund called such actions “undesirable.” Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.0017.1216.8517.0558.6M
Oracle Corp.ORCL27.6327.8927.5427.6940.6M
Cisco SystemsCSCO22.4722.5022.1122.3937.8M
Abbott LaboratoriesABT53.1953.2352.4452.5833.6M
AT&T Inc.T28.6528.7328.0228.2531.8M
Wells Fargo & Co.WFC26.4726.5825.8426.0027.3M
JPMorgan ChaseJPM40.1140.3239.2039.5226.9M
Procter & GamblePG60.9961.1460.7560.8023.3M
Verizon CommunicationsVZ33.5733.5732.8632.9322.6M
HP Inc.HPQ40.8840.9840.4640.8119M
Home DepotHD31.8432.1131.5931.7413.2M
Johnson & JohnsonJNJ63.2963.5063.0063.229.83M
Walt Disney & Co.DIS33.7833.9833.6833.919.03M
Wal-Mart StoresWMT54.6654.8254.0454.367.77M
UnitedHealth GroupUNH34.3934.5934.1134.346.88M
International Business MachinesIBM137.92138.88137.52138.726.44M
Gilead SciencesGILD35.8536.3035.7236.265.86M
Bristol-Myers SquibbBMY27.3427.4027.2227.305.76M
Berkshire HathawayBRK.B83.8383.8582.5883.173.37M
United TechnologiesUTX72.8273.0572.4172.783.02M
Union PacificUNP83.6983.8982.8383.632.83M
Exchange Rates of October 7th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82.320 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.018 CAD1 CAD = 0.983 USD
US DollarSwiss Franc1 USD = 0.966 CHF1 CHF = 1.035 USD
US DollarChinese Yuan1 USD = 6.691 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 114.560 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.877 GBP1 GBP = 1.141 EUR
EuroAustralian Dollar1 EUR = 1.418 AUD1 AUD = 0.705 EUR
EuroCanadian Dollar1 EUR = 1.417 CAD1 CAD = 0.706 EUR
EuroSwiss Franc1 EUR = 1.345 CHF1 CHF = 0.743 EUR
EuroChinese Yuan1 EUR = 9.324 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.765 GBP1 GBP = 1.307 JPY
Japanese YenAustralian Dollar1 JPY = 1.237 AUD1 AUD = 0.809 JPY
Japanese YenCanadian Dollar1 JPY = 1.236 CAD1 CAD = 0.809 JPY
Japanese YenSwiss Franc1 JPY = 1.174 CHF1 CHF = 0.852 JPY
Pound SterlingAustralian Dollar1 GBP = 1.616 AUD1 AUD = 0.619 GBP
Pound SterlingCanadian Dollar1 GBP = 1.616 CAD1 CAD = 0.619 GBP
Pound SterlingSwiss Franc1 GBP = 1.534 CHF1 CHF = 0.652 GBP
Pound SterlingChinese Yuan1 GBP = 10.617 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.999 CAD1 CAD = 1.001 AUD
Australian DollarSwiss Franc1 AUD = 0.948 CHF1 CHF = 1.054 AUD
Australian DollarChinese Yuan1 AUD = 6.577 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.949 CHF1 CHF = 1.054 CAD
Canadian DollarChinese Yuan1 CAD = 6.581 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.929 CNY1 CNY = 0.144 CHF

See what else happened on October 7th, 2010