Financial news on October 8th, 2010

Business and Financial news
‘CHiPs’ Actor’s Journey in the Land of Penny Stocks

Larry Wilcox, a onetime TV actor on “CHiPs,” has been accused of securities fraud, drawing attention to his penny-stock company. But what that company, the UC Hub Group, actually does is an open question. Read more..

By THOMAS KAPLAN - The New York Times

Addressing Your Cat’s ... Ahem ... Solid Waste

In a campaign for a new variety, Double Duty, the brand decided there was no room for euphemism. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Asian I.P.O.’s Reflect Growth and Liquidity

Initial public offerings from the logistics unit of the Singapore wealth fund G.I.C. and a Philippine budget airline drew strong demand from investors, Reuters reported. Read more..

By DEALBOOK - The New York Times Gets $10 Million in 2nd Round, the start-up behind many of the shortened links you probably see in Twitter, said it raised $10 million, VentureBeat reported. Read more..

By DEALBOOK - The New York Times

Citadel’s $100 Million Payout Under Fire

In an unusually venomous court filing, a hedge fund has attacked Citadel Broadcasting’s executives and board just months after the radio company exited bankruptcy. Read more..

By PETER LATTMAN - The New York Times

F.D.I.C. Is Said to Plan New Liquidation Rules

The Federal Deposit Insurance Corporation is expected to propose new rules for seizing and dismantling large financial firms on the verge of collapse, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Potash Scoffs at BHP, While Sinochem Waits

The chief executive of the Potash Corporation described BHP Billiton’s $130-a-share hostile bid as “non-starter” even though a competing offer has yet to emerge. Read more..

By DEALBOOK - The New York Times

Rio Tinto Is Said to Be Interested in Potash Sector

Rio Tinto is interested in possible bolt-on acquisitions in a range of sectors, including potash, an executive said on Thursday, Reuters reported. Read more..

By DEALBOOK - The New York Times

The Editor of Page Six Is Departing After 25 Years

After 25 years of writing gossip for the New York tabloid, he takes a digital job in Los Angeles. Read more..

By TIM ARANGO - The New York Times

While Europe Scrimps, European Union Spends

Amid an austerity drive unparalleled in modern Europe, the bureaucracy that runs the bloc is haggling over how much to increase next year's budget. Read more..

By STEPHEN CASTLE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.1317.2917.0317.1251.5M
Cisco SystemsCSCO22.3722.5222.0922.4837.8M
Oracle Corp.ORCL27.5928.0827.3128.0033.2M
Abbott LaboratoriesABT52.5552.9352.4152.8131.9M
Procter & GamblePG61.0062.0060.9061.8630.7M
Wells Fargo & Co.WFC26.1926.2525.7225.9529.5M
JPMorgan ChaseJPM39.6739.7839.1339.3128.2M
AT&T Inc.T28.3728.3827.8628.2225M
HP Inc.HPQ40.8541.3040.6841.1518.8M
Verizon CommunicationsVZ33.0933.1432.6132.8315.3M
Walt Disney & Co.DIS33.9734.7033.8034.5113M
Home DepotHD31.8332.1431.7031.8910.6M
Wal-Mart StoresWMT54.3554.5954.0254.418.79M
Johnson & JohnsonJNJ63.3863.3963.0363.237.35M
Bristol-Myers SquibbBMY27.3027.3827.1027.166.55M
Gilead SciencesGILD36.2036.4935.9436.336.36M
UnitedHealth GroupUNH34.4534.5534.1934.356.02M
International Business MachinesIBM138.40139.09138.06138.854.54M
United TechnologiesUTX72.9973.2072.3072.913.51M
Berkshire HathawayBRK.B83.4183.4282.6383.163.49M
Union PacificUNP83.9085.2383.2584.862.76M
Exchange Rates of October 8th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.910 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.010 CAD1 CAD = 0.990 USD
US DollarSwiss Franc1 USD = 0.963 CHF1 CHF = 1.039 USD
US DollarChinese Yuan1 USD = 6.671 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 114.190 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.873 GBP1 GBP = 1.145 EUR
EuroAustralian Dollar1 EUR = 1.415 AUD1 AUD = 0.707 EUR
EuroCanadian Dollar1 EUR = 1.409 CAD1 CAD = 0.710 EUR
EuroSwiss Franc1 EUR = 1.342 CHF1 CHF = 0.745 EUR
EuroChinese Yuan1 EUR = 9.305 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.765 GBP1 GBP = 1.308 JPY
Japanese YenAustralian Dollar1 JPY = 1.239 AUD1 AUD = 0.807 JPY
Japanese YenCanadian Dollar1 JPY = 1.234 CAD1 CAD = 0.811 JPY
Japanese YenSwiss Franc1 JPY = 1.175 CHF1 CHF = 0.851 JPY
Pound SterlingAustralian Dollar1 GBP = 1.620 AUD1 AUD = 0.617 GBP
Pound SterlingCanadian Dollar1 GBP = 1.613 CAD1 CAD = 0.620 GBP
Pound SterlingSwiss Franc1 GBP = 1.536 CHF1 CHF = 0.651 GBP
Pound SterlingChinese Yuan1 GBP = 10.645 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.995 CAD1 CAD = 1.005 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Australian DollarChinese Yuan1 AUD = 6.575 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.950 CHF1 CHF = 1.053 CAD
Canadian DollarChinese Yuan1 CAD = 6.602 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.931 CNY1 CNY = 0.144 CHF

See what else happened on October 8th, 2010