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..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.7315.7915.5215.6658.7M
JPMorgan ChaseJPM41.2541.5140.6041.1942.5M
Cisco SystemsCSCO23.7823.8923.4423.8638.4M
Wells Fargo & Co.WFC26.1526.3525.8225.9635.7M
Oracle Corp.ORCL21.9922.0221.6221.9528.6M
Bristol-Myers SquibbBMY24.9325.1524.8125.1124.2M
AT&T Inc.T27.3927.6827.3627.5623.1M
Verizon CommunicationsVZ33.5033.5033.0033.3020.1M
UnitedHealth GroupUNH28.8829.6028.1328.5019.1M
HP Inc.HPQ49.0350.0048.8149.9517.5M
Wal-Mart StoresWMT54.2454.2753.7654.0712.7M
Home DepotHD27.7027.7327.4327.5512.5M
Abbott LaboratoriesABT53.5053.6753.1453.619.62M
Walt Disney & Co.DIS30.8830.9330.5230.709.27M
Procter & GamblePG61.9362.4161.7062.249.12M
Johnson & JohnsonJNJ64.4064.4064.0364.388.91M
International Business MachinesIBM126.70128.39126.11128.396.07M
United TechnologiesUTX67.7467.9066.7567.414.84M
Gilead SciencesGILD46.1646.1945.3846.004.68M
Union PacificUNP63.0163.7462.5463.492.99M
Berkshire HathawayBRK.B3320.003320.003275.003284.0032.8K
Exchange Rates of December 09, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.870 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.054 CAD1 CAD = 0.948 USD
US DollarSwiss Franc1 USD = 1.027 CHF1 CHF = 0.974 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 129.390 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.905 GBP1 GBP = 1.104 EUR
EuroAustralian Dollar1 EUR = 1.620 AUD1 AUD = 0.617 EUR
EuroCanadian Dollar1 EUR = 1.553 CAD1 CAD = 0.644 EUR
EuroSwiss Franc1 EUR = 1.512 CHF1 CHF = 0.661 EUR
EuroChinese Yuan1 EUR = 10.056 CNY1 CNY = 0.099 EUR
Japanese YenPound Sterling1 JPY = 0.700 GBP1 GBP = 1.429 JPY
Japanese YenAustralian Dollar1 JPY = 1.252 AUD1 AUD = 0.799 JPY
Japanese YenCanadian Dollar1 JPY = 1.200 CAD1 CAD = 0.834 JPY
Japanese YenSwiss Franc1 JPY = 1.168 CHF1 CHF = 0.856 JPY
Pound SterlingAustralian Dollar1 GBP = 1.789 AUD1 AUD = 0.559 GBP
Pound SterlingCanadian Dollar1 GBP = 1.715 CAD1 CAD = 0.583 GBP
Pound SterlingSwiss Franc1 GBP = 1.670 CHF1 CHF = 0.599 GBP
Pound SterlingChinese Yuan1 GBP = 11.092 CNY1 CNY = 0.090 GBP
Australian DollarCanadian Dollar1 AUD = 0.958 CAD1 CAD = 1.044 AUD
Australian DollarSwiss Franc1 AUD = 0.933 CHF1 CHF = 1.072 AUD
Australian DollarChinese Yuan1 AUD = 6.204 CNY1 CNY = 0.161 AUD
Canadian DollarSwiss Franc1 CAD = 0.973 CHF1 CHF = 1.027 CAD
Canadian DollarChinese Yuan1 CAD = 6.472 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.650 CNY1 CNY = 0.150 CHF

See what else happened on December 09, 2009