Financial news on December 09, 2009

Business and Financial news
Credit Agencies Downgrade Debt Linked to Greece and Dubai

The fresh downgrades served as a reminder that the effects of the credit crisis are far from over. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

Exxon and Partners Approve L.N.G. Project in Papua New Guinea

The plant is one of more than 12 planned in Australia and Papua New Guinea to meet growing Asian demand for less-polluting alternatives to coal and oil. Read more..

By BLOOMBERG NEWS - International Herald Tribune

G.M. Will Consider Lump Sum Payment to U.S.

The company’s chief executive, Edward E. Whitacre Jr., said he would continue looking into the possibility that G.M. could quickly repay the entire $6.7 billion it owes the government. Read more..

By NICK BUNKLEY - The New York Times

Japan’s Leader Promotes $81 Billion Stimulus Plan

The latest stimulus spending is a bid to buttress the country’s fragile economic recovery, which has been hurt by deflation and the yen’s rise against the dollar. Read more..

By HIROKO TABUCHI - The New York Times

Martin Margiela to Leave Fashion House He Founded

The avant-garde Belgian designer will not be replaced, according to Diesel, the Italian company that has been majority owner of the Margiela house since 2002. Read more..

By SUZY MENKES - International Herald Tribune

New Editor at Daily Variety

Leo Wolinsky, who left The Los Angeles Times in 2008 after 31 years, will take over responsibility for Variety’s daily print editions starting in January. Read more..

By THE NEW YORK TIMES - The New York Times

Obama Offers Help for Small Businesses

President Obama presented a series of initiatives aimed at turning around the nation’s beleaguered job market. Read more..

By JACKIE CALMES - The New York Times

Publishers Make Plans for Devices Yet to Come

The consortium of Time Inc., Condé Nast, Hearst, Meredith and the News Corporation is aiming to create software primarily for devices that do not yet exist. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Simon Property to Buy Outlet Mall Unit

The mall operator agreed to buy Prime Outlets for $2.24 billion from the Lightstone Group, a real estate company hurt badly by the recession. Read more..

By MICHAEL J. de la MERCED - The New York Times

Weakness of Recovery Unsettles Investors

With little in the way of guidance this week, traders are trying to determine the course of the economy while also preparing for the end of the year. Read more..

By JAVIER C. HERNANDEZ and MATTHEW SALTMARSH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 18.03 18.26 17.87 18.24 73.2M
General Electric GE 15.73 15.79 15.52 15.66 58.7M
Intel INTC 19.99 20.08 19.71 20.01 53.7M
Microsoft MSFT 29.47 29.81 29.25 29.71 44.7M
JPMorgan Chase JPM 41.25 41.51 40.60 41.19 42.5M
Cisco Systems CSCO 23.78 23.89 23.44 23.86 38.4M
Comcast CMCSA 17.27 17.62 17.20 17.54 35.9M
Wells Fargo & Co. WFC 26.15 26.35 25.82 25.96 35.7M
Oracle Corp. ORCL 21.99 22.02 21.62 21.95 28.6M
Apple AAPL 191.28 198.16 190.31 197.80 24.5M
Bristol-Myers Squibb BMY 24.93 25.15 24.81 25.11 24.2M
AT&T Inc. T 27.39 27.68 27.36 27.56 23.1M
Pepsico PEP 62.08 62.39 60.76 61.80 20.2M
Verizon Communications VZ 33.50 33.50 33.00 33.30 20.1M
UnitedHealth Group UNH 28.88 29.60 28.13 28.50 19.1M
Merck MRK 36.30 37.23 36.10 37.15 17.8M
HP Inc. HPQ 49.03 50.00 48.81 49.95 17.5M
ExxonMobil XOM 73.00 73.55 72.10 72.79 17.2M
Altria MO 19.30 19.43 19.25 19.37 16.9M
Wal-Mart Stores WMT 54.24 54.27 53.76 54.07 12.7M
Amazon AMZN 134.60 134.71 129.82 131.31 12.6M
Home Depot HD 27.70 27.73 27.43 27.55 12.5M
ConocoPhillips COP 50.08 50.50 49.82 50.22 12.1M
McDonald's MCD 60.73 61.03 60.33 60.60 10.9M
Coca-Cola KO 57.45 57.85 57.03 57.83 9.75M
Abbott Laboratories ABT 53.50 53.67 53.14 53.61 9.62M
Schlumberger SLB 60.25 60.60 58.98 60.02 9.35M
Walt Disney & Co. DIS 30.88 30.93 30.52 30.70 9.27M
Procter & Gamble PG 61.93 62.41 61.70 62.24 9.12M
Johnson & Johnson JNJ 64.40 64.40 64.03 64.38 8.91M
Chevron CVX 76.91 77.31 76.19 77.06 7.16M
3M MMM 78.25 79.93 78.05 79.74 6.6M
International Business Machines IBM 126.70 128.39 126.11 128.39 6.07M
Amgen AMGN 55.76 56.21 55.38 56.08 4.97M
United Technologies UTX 67.74 67.90 66.75 67.41 4.84M
Gilead Sciences GILD 46.16 46.19 45.38 46.00 4.68M
Visa V 79.62 81.93 79.50 81.75 4.19M
Boeing BA 55.75 55.80 55.11 55.47 3.9M
Alphabet GOOGL 587.50 589.33 583.58 589.02 3.56M
Union Pacific UNP 63.01 63.74 62.54 63.49 2.99M
Berkshire Hathaway BRK.B 3320.00 3320.00 3275.00 3284.00 32.8K
Exchange Rates of December 09, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 87.870 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.054 CAD 1 CAD = 0.948 USD
US Dollar Swiss Franc 1 USD = 1.027 CHF 1 CHF = 0.974 USD
US Dollar Chinese Yuan 1 USD = 6.828 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 129.390 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.905 GBP 1 GBP = 1.104 EUR
Euro Australian Dollar 1 EUR = 1.620 AUD 1 AUD = 0.617 EUR
Euro Canadian Dollar 1 EUR = 1.553 CAD 1 CAD = 0.644 EUR
Euro Swiss Franc 1 EUR = 1.512 CHF 1 CHF = 0.661 EUR
Euro Chinese Yuan 1 EUR = 10.056 CNY 1 CNY = 0.099 EUR
Japanese Yen Pound Sterling 1 JPY = 0.700 GBP 1 GBP = 1.429 JPY
Japanese Yen Australian Dollar 1 JPY = 1.252 AUD 1 AUD = 0.799 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.200 CAD 1 CAD = 0.834 JPY
Japanese Yen Swiss Franc 1 JPY = 1.168 CHF 1 CHF = 0.856 JPY
Pound Sterling Australian Dollar 1 GBP = 1.789 AUD 1 AUD = 0.559 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.715 CAD 1 CAD = 0.583 GBP
Pound Sterling Swiss Franc 1 GBP = 1.670 CHF 1 CHF = 0.599 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.092 CNY 1 CNY = 0.090 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.958 CAD 1 CAD = 1.044 AUD
Australian Dollar Swiss Franc 1 AUD = 0.933 CHF 1 CHF = 1.072 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.204 CNY 1 CNY = 0.161 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.973 CHF 1 CHF = 1.027 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.472 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.650 CNY 1 CNY = 0.150 CHF

See what else happened on December 09, 2009