Financial news on December 8th, 2010
Business and Financial news
The bank will pay a total of $137 million to settle complaints over its role in a conspiracy to rig bids on municipal bond contracts. Read more..
Richard Parsons, chairman of Citigroup, says that the government bailout of financial institutions was a success for all parties involved. When asked if major financial institutions like Citi are still "too big to fail", he says that the issue is ... Read more..
The Transit Connect is Ford’s first electric vehicle, coming to market about a year before it plans to challenge the Leaf and the Volt with a battery-powered car, the Focus Electric. Read more..
Data show that Iceland returned to growth for the first time since its financial system collapsed at the height of the crisis in 2008. Read more..
How rich was Ireland? | Hack your brain | Too big to bail Read more..
The residential portions of the Harbor Point project have been strong, and office and retail projects are beginning to follow suit. Read more..
Forget those bland “black text on gray, no touch screen” e-book readers. Here’s Nook Color, a reader from Barnes & Noble with a color touch screen. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Intel | INTC | 21.69 | 21.90 | 21.66 | 21.82 | 69M |
| Cisco Systems | CSCO | 19.37 | 19.45 | 19.31 | 19.35 | 54M |
| General Electric | GE | 17.01 | 17.13 | 16.86 | 17.04 | 47.6M |
| Pfizer | PFE | 16.75 | 16.88 | 16.65 | 16.72 | 42.8M |
| Microsoft | MSFT | 26.83 | 27.24 | 26.80 | 27.23 | 41.7M |
| JPMorgan Chase | JPM | 39.36 | 40.33 | 39.06 | 40.26 | 38.1M |
| Wells Fargo & Co. | WFC | 28.55 | 29.37 | 28.50 | 29.37 | 31.4M |
| ExxonMobil | XOM | 71.87 | 72.22 | 71.48 | 71.85 | 22.7M |
| Abbott Laboratories | ABT | 46.93 | 47.03 | 46.40 | 46.73 | 22.1M |
| AT&T Inc. | T | 28.69 | 28.71 | 28.45 | 28.63 | 17.3M |
| Oracle Corp. | ORCL | 29.26 | 29.28 | 29.00 | 29.23 | 14.9M |
| Altria | MO | 24.05 | 24.42 | 24.04 | 24.40 | 12.9M |
| General Motors | GM | 34.61 | 34.73 | 34.33 | 34.45 | 12.6M |
| Wal-Mart Stores | WMT | 54.86 | 54.95 | 54.45 | 54.49 | 12.5M |
| HP Inc. | HPQ | 42.30 | 42.72 | 42.16 | 42.66 | 12.2M |
| Verizon Communications | VZ | 33.08 | 33.21 | 32.88 | 32.98 | 11.8M |
| Apple | AAPL | 319.63 | 321.02 | 317.11 | 321.01 | 11.5M |
| Home Depot | HD | 33.44 | 34.15 | 33.41 | 34.03 | 11.4M |
| McDonald's | MCD | 78.83 | 78.95 | 78.12 | 78.74 | 9.36M |
| Coca-Cola | KO | 64.07 | 64.44 | 64.07 | 64.39 | 9.11M |
| ConocoPhillips | COP | 64.50 | 64.92 | 64.04 | 64.61 | 9.01M |
| Comcast | CMCSA | 20.83 | 20.91 | 20.70 | 20.79 | 8.96M |
| Walt Disney & Co. | DIS | 37.33 | 37.33 | 37.33 | 37.33 | 8.56M |
| Merck | MRK | 35.34 | 35.53 | 35.20 | 35.40 | 8.54M |
| Procter & Gamble | PG | 62.28 | 62.68 | 62.28 | 62.63 | 8.34M |
| Johnson & Johnson | JNJ | 62.22 | 62.56 | 62.14 | 62.45 | 7.87M |
| Gilead Sciences | GILD | 37.34 | 37.59 | 37.21 | 37.36 | 7.79M |
| Schlumberger | SLB | 81.18 | 81.84 | 80.30 | 80.90 | 7.41M |
| Bristol-Myers Squibb | BMY | 25.89 | 25.93 | 25.67 | 25.90 | 6.93M |
| Chevron | CVX | 86.51 | 86.80 | 85.63 | 86.14 | 6.92M |
| UnitedHealth Group | UNH | 36.91 | 37.01 | 36.68 | 36.84 | 5.75M |
| Pepsico | PEP | 64.80 | 64.88 | 64.47 | 64.63 | 5.43M |
| United Technologies | UTX | 78.66 | 79.02 | 77.35 | 77.69 | 5.38M |
| Boeing | BA | 66.19 | 66.56 | 64.92 | 65.18 | 5.23M |
| 3M | MMM | 83.23 | 84.82 | 83.23 | 84.68 | 5.15M |
| International Business Machines | IBM | 144.35 | 145.65 | 143.84 | 144.98 | 4.96M |
| Amgen | AMGN | 53.04 | 53.55 | 53.00 | 53.28 | 4.67M |
| Berkshire Hathaway | BRK.B | 79.77 | 80.54 | 79.50 | 80.54 | 3.89M |
| Amazon | AMZN | 177.49 | 178.16 | 175.20 | 176.29 | 3.73M |
| Visa | V | 77.00 | 78.15 | 77.00 | 77.94 | 3.58M |
| Alphabet | GOOGL | 591.97 | 592.52 | 583.69 | 590.54 | 3.51M |
| Union Pacific | UNP | 94.45 | 94.47 | 92.27 | 92.47 | 3.07M |
Exchange Rates of December 8th, 2010
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 84.030 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 = 0.986 CHF | 1 CHF = 1.014 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.663 CNY | 1 CNY = 0.150 USD |
| Euro | Japanese Yen | 1 EUR = 111.420 JPY | 1 JPY = 0.009 EUR |
| Euro | Pound Sterling | 1 EUR = 0.839 GBP | 1 GBP = 1.192 EUR |
| Euro | Australian Dollar | 1 EUR = 1.354 AUD | 1 AUD = 0.739 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.341 CAD | 1 CAD = 0.746 EUR |
| Euro | Swiss Franc | 1 EUR = 1.308 CHF | 1 CHF = 0.765 EUR |
| Euro | Chinese Yuan | 1 EUR = 8.838 CNY | 1 CNY = 0.113 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.753 GBP | 1 GBP = 1.329 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.214 AUD | 1 AUD = 0.824 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.203 CAD | 1 CAD = 0.831 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.173 CHF | 1 CHF = 0.852 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 1.613 AUD | 1 AUD = 0.620 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.599 CAD | 1 CAD = 0.626 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.558 CHF | 1 CHF = 0.642 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.531 CNY | 1 CNY = 0.095 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.991 CAD | 1 CAD = 1.009 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.966 CHF | 1 CHF = 1.035 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 6.526 CNY | 1 CNY = 0.153 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.975 CHF | 1 CHF = 1.026 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 6.592 CNY | 1 CNY = 0.152 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.756 CNY | 1 CNY = 0.148 CHF |
See what else happened on December 8th, 2010