Financial news on December 8th, 2010

Business and Financial news
Bank of America Unit Settles Complaint on Municipal Bonds

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..

By EDWARD WYATT - The New York Times

CNBC: Citi Too 'Interwoven' To Fail

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..


Ford Starts to Ship an Electric Delivery Van

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..

By NICK BUNKLEY - The New York Times

Iceland Emerged From Recession in 3rd Quarter

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..

By DAVID JOLLY - International Herald Tribune

Morning Take-Out

How rich was Ireland? | Hack your brain | Too big to bail Read more..

By CHRIS V. NICHOLSON - The New York Times

Sprawling Development in Stamford Is Filling Out

The residential portions of the Harbor Point project have been strong, and office and retail projects are beginning to follow suit. Read more..

By SANA SIWOLOP - The New York Times

The Future, Touchable and in Color

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..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.3719.4519.3119.3554M
General ElectricGE17.0117.1316.8617.0447.6M
JPMorgan ChaseJPM39.3640.3339.0640.2638.1M
Wells Fargo & Co.WFC28.5529.3728.5029.3731.4M
Abbott LaboratoriesABT46.9347.0346.4046.7322.1M
AT&T Inc.T28.6928.7128.4528.6317.3M
Oracle Corp.ORCL29.2629.2829.0029.2314.9M
General MotorsGM34.6134.7334.3334.4512.6M
Wal-Mart StoresWMT54.8654.9554.4554.4912.5M
HP Inc.HPQ42.3042.7242.1642.6612.2M
Verizon CommunicationsVZ33.0833.2132.8832.9811.8M
Home DepotHD33.4434.1533.4134.0311.4M
Walt Disney & Co.DIS37.3337.3337.3337.338.56M
Procter & GamblePG62.2862.6862.2862.638.34M
Johnson & JohnsonJNJ62.2262.5662.1462.457.87M
Gilead SciencesGILD37.3437.5937.2137.367.79M
Bristol-Myers SquibbBMY25.8925.9325.6725.906.93M
UnitedHealth GroupUNH36.9137.0136.6836.845.75M
United TechnologiesUTX78.6679.0277.3577.695.38M
International Business MachinesIBM144.35145.65143.84144.984.96M
Berkshire HathawayBRK.B79.7780.5479.5080.543.89M
Union PacificUNP94.4594.4792.2792.473.07M
Exchange Rates of December 8th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84.030 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.011 CAD1 CAD = 0.989 USD
US DollarSwiss Franc1 USD = 0.986 CHF1 CHF = 1.014 USD
US DollarChinese Yuan1 USD = 6.663 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 111.420 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.839 GBP1 GBP = 1.192 EUR
EuroAustralian Dollar1 EUR = 1.354 AUD1 AUD = 0.739 EUR
EuroCanadian Dollar1 EUR = 1.341 CAD1 CAD = 0.746 EUR
EuroSwiss Franc1 EUR = 1.308 CHF1 CHF = 0.765 EUR
EuroChinese Yuan1 EUR = 8.838 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.753 GBP1 GBP = 1.329 JPY
Japanese YenAustralian Dollar1 JPY = 1.214 AUD1 AUD = 0.824 JPY
Japanese YenCanadian Dollar1 JPY = 1.203 CAD1 CAD = 0.831 JPY
Japanese YenSwiss Franc1 JPY = 1.173 CHF1 CHF = 0.852 JPY
Pound SterlingAustralian Dollar1 GBP = 1.613 AUD1 AUD = 0.620 GBP
Pound SterlingCanadian Dollar1 GBP = 1.599 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.558 CHF1 CHF = 0.642 GBP
Pound SterlingChinese Yuan1 GBP = 10.531 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.991 CAD1 CAD = 1.009 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.035 AUD
Australian DollarChinese Yuan1 AUD = 6.526 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.975 CHF1 CHF = 1.026 CAD
Canadian DollarChinese Yuan1 CAD = 6.592 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.756 CNY1 CNY = 0.148 CHF

See what else happened on December 8th, 2010