Financial news on November 8th, 2010

Business and Financial news
Amazon Has a Reported Deal to Buy Parent of

The acquisition suggests how intent Amazon is to maintain its edge in many corners of e-commerce. Read more..

By CLAIRE CAIN MILLER - The New York Times

AOL Said to Hire Advisers, With Yahoo in View

AOL is exploring strategic options, which include a possible tie-up with Yahoo, and has retained financial advisers to do so, The Wall Street Journal reported on Sunday, citing unnamed sources. Read more..

By DEALBOOK - The New York Times

A Quant in Love: Boaz Weinstein and Tali Farhadian

Mazel tov to Mr. Weinstein, the head of Saba Capital, who has rebounded since losing $1 billion at Deutsche Bank, and his new wife. Read more..

By DEALBOOK - The New York Times

Bank of America May Pay Bonuses in Shares

Bank of America is running out of time to fulfill a promise to raise more capital by year-end and may be forced to make up the shortfall by paying some bonuses in stock rather than cash. Read more..

By DEALBOOK - The New York Times

Concern Over the Environment Rises in Asia

Climate change and environmental issues have moved up Asia’s list of worries, often topping any concerns about the global economy, according to recent surveys. Read more..

By BETTINA WASSENER - International Herald Tribune

Friedman Casts Shadow as Economists Meet

A weekend gathering of top Fed officials and economists took on the air of an awkward family reunion, with rivalries for the affections of an ancestor, Milton Friedman. Read more..

By SEWELL CHAN - The New York Times

High Hopes for Conan O’Brien’s Debut

High ratings are expected for the host’s first show on TBS, but the network says its only long-term goal is for him to attract a younger audience than before. Read more..

By BILL CARTER - The New York Times

Olbermann, Impartiality and MSNBC

If MSNBC were really worried about coming off as impartial, don’t you think it would have chosen somebody besides Mr. Olbermann to anchor its election coverage? Read more..

By DAVID CARR - The New York Times

Paying the Lowest Yield on Company Debt

Superlow interest rates have made it a chief financial officer’s world. Balance sheet repair is easier than ever, and debt investors are eager. Read more..


With Book, Bush Is Back in Spotlight

George W. Bush will end a self-imposed silence about his presidency in an NBC special with Matt Lauer on Monday. Read more..

By BRIAN STELTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.6216.8416.6216.7147.8M
Cisco SystemsCSCO24.3524.5824.2824.3940.4M
Wells Fargo & Co.WFC28.9129.2828.5129.0435.7M
JPMorgan ChaseJPM40.8641.2040.2140.5133M
Oracle Corp.ORCL29.0829.1928.8429.0427.2M
HP Inc.HPQ43.6344.4943.5144.2515.7M
AT&T Inc.T29.1029.2329.0129.1815.2M
Abbott LaboratoriesABT50.9350.9350.2250.4513.8M
Gilead SciencesGILD38.7838.9138.1938.8311.1M
Verizon CommunicationsVZ33.3133.3432.9233.1711M
Wal-Mart StoresWMT54.9155.0854.5154.919.94M
Home DepotHD31.6331.6431.2031.499.7M
Johnson & JohnsonJNJ64.5664.6164.1064.338.48M
Procter & GamblePG64.8764.9264.5764.757.2M
Bristol-Myers SquibbBMY26.5426.6326.2926.477.17M
Walt Disney & Co.DIS37.0537.1436.8937.066.8M
Berkshire HathawayBRK.B83.0583.2781.8982.324.95M
International Business MachinesIBM145.35146.58145.25146.464.46M
UnitedHealth GroupUNH36.6337.1836.6137.124.37M
United TechnologiesUTX76.5276.9176.3376.633.15M
Union PacificUNP90.9192.2290.6891.982.19M
Exchange Rates of November 8th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.170 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.003 CAD1 CAD = 0.997 USD
US DollarSwiss Franc1 USD = 0.966 CHF1 CHF = 1.036 USD
US DollarChinese Yuan1 USD = 6.679 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 112.990 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.862 GBP1 GBP = 1.160 EUR
EuroAustralian Dollar1 EUR = 1.373 AUD1 AUD = 0.728 EUR
EuroCanadian Dollar1 EUR = 1.397 CAD1 CAD = 0.716 EUR
EuroSwiss Franc1 EUR = 1.344 CHF1 CHF = 0.744 EUR
EuroChinese Yuan1 EUR = 9.300 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.763 GBP1 GBP = 1.311 JPY
Japanese YenAustralian Dollar1 JPY = 1.215 AUD1 AUD = 0.823 JPY
Japanese YenCanadian Dollar1 JPY = 1.236 CAD1 CAD = 0.809 JPY
Japanese YenSwiss Franc1 JPY = 1.189 CHF1 CHF = 0.841 JPY
Pound SterlingAustralian Dollar1 GBP = 1.592 AUD1 AUD = 0.628 GBP
Pound SterlingCanadian Dollar1 GBP = 1.620 CAD1 CAD = 0.617 GBP
Pound SterlingSwiss Franc1 GBP = 1.559 CHF1 CHF = 0.642 GBP
Pound SterlingChinese Yuan1 GBP = 10.771 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 1.017 CAD1 CAD = 0.983 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.022 AUD
Australian DollarChinese Yuan1 AUD = 6.768 CNY1 CNY = 0.148 AUD
Canadian DollarSwiss Franc1 CAD = 0.962 CHF1 CHF = 1.039 CAD
Canadian DollarChinese Yuan1 CAD = 6.660 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.918 CNY1 CNY = 0.145 CHF

See what else happened on November 8th, 2010