Financial news on December 09, 2011

Business and Financial news
Bank of England Holds Rate Steady

The decision came after the bank's governor warned of growing risks for Britain's economy from the euro area. Read more..

By JULIA WERDIGIER - International Herald Tribune

Claims for Jobless Benefits Drop to a Nine-Month Low

Labor Department releases report finding initial claims for state unemployment benefits fell 23,000 to 381,000, exceeding analyst expectations. Read more..

By REUTERS - The New York Times

Costco Reports 2.6% Increase in Net Income

Costco Wholesale Corporation reports that its first-quarter profit rose 2.6 percent as revenue grew significantly and it kept prices low on gas, food and other products to gain market share; reports net income of $320 million, or 73 cents a share, up from $312 million in previous year. Read more..

By THE ASSOCIATED PRESS - The New York Times

Ford, Feeling Secure, To Resume Dividends

Ford Motor Company announces that it will resume paying quarterly dividends to its shareholders for the first time since 2006, citing third consecutive profitable year and $21 billion on hand in cash and securities. Read more..

By NICK BUNKLEY - The New York Times

Joseph E. Robert Jr., Investor in Real Estate, Dies at 59

Joseph E Robert Jr, an international real estate investor with a talent for turning troubled properties into profits, including billions of dollars worth of assets from the collapse of the savings and loan industry in the 1980s, dies at age 59. Read more..

By DIANA B. HENRIQUES - The New York Times

Many in Japan Are Again Heading for the Hills

Historically, the Japanese have shunned living near the sea, and after the tsunami in March, people are reverting to that behavior. Read more..

By MIKI TANIKAWA - International Herald Tribune

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By WILLIAM ALDEN - The New York Times

Settlement With Wachovia Points Up a Controversy

Securities and Exchange Commission and the Justice Department, together with other regulators, wrest $148 million in settlements from Wachovia bank on charges that it reaped millions of dollars in profits by rigging bids in the municipal securities market; Wachovia is now part of Wells Fargo; bank admits wrongdoing in settlement with Justice Department but does not do so in settlement with SEC, pointing up ongoing controversy over SEC's 'neither admit nor deny' practice. Read more..

By EDWARD WYATT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.38 16.98 16.36 16.84 85.7M
Microsoft MSFT 25.52 25.87 25.50 25.70 53.8M
Intel INTC 24.41 25.10 24.38 25.01 44.1M
Cisco Systems CSCO 18.58 18.96 18.49 18.88 44M
Pfizer PFE 20.30 20.67 20.24 20.56 43.5M
Altria MO 28.62 28.83 28.60 28.78 42M
Merck MRK 35.31 35.86 35.21 35.68 40.3M
JPMorgan Chase JPM 32.36 33.31 32.36 33.18 39.1M
Wells Fargo & Co. WFC 26.33 27.01 26.29 26.91 28.6M
AT&T Inc. T 29.08 29.10 28.80 29.03 24.4M
Oracle Corp. ORCL 30.84 31.85 30.81 31.69 22.6M
ExxonMobil XOM 80.63 81.75 80.34 81.34 21.8M
HP Inc. HPQ 27.61 28.43 27.52 27.90 19.3M
Comcast CMCSA 22.61 22.89 22.57 22.68 14M
Apple AAPL 392.85 394.04 391.03 393.62 10.6M
Schlumberger SLB 72.14 74.56 72.04 74.15 10.5M
Home Depot HD 40.12 40.41 39.99 40.23 10.3M
Abbott Laboratories ABT 54.29 54.74 53.99 54.57 10.3M
Wal-Mart Stores WMT 58.16 58.49 57.47 58.32 10.1M
ConocoPhillips COP 71.39 72.36 71.34 71.95 9.27M
Coca-Cola KO 67.11 67.75 66.92 67.57 9.15M
Johnson & Johnson JNJ 64.32 64.68 63.98 64.53 8.84M
Bristol-Myers Squibb BMY 33.46 33.66 33.29 33.54 7.84M
Procter & Gamble PG 64.66 65.17 64.60 64.97 7.65M
Walt Disney & Co. DIS 36.17 36.77 36.17 36.56 7.32M
Amgen AMGN 58.48 58.95 58.18 58.59 7.07M
Chevron CVX 102.74 104.50 102.71 104.25 6.62M
General Motors GM 21.09 21.40 21.06 21.15 6.49M
Pepsico PEP 64.44 65.40 64.42 65.19 6.35M
McDonald's MCD 97.67 98.43 97.62 98.03 5.72M
UnitedHealth Group UNH 48.21 49.08 48.12 48.91 5.71M
Gilead Sciences GILD 39.02 39.51 38.93 39.01 5.69M
Berkshire Hathaway BRK.B 77.51 78.00 77.19 77.61 5.56M
Boeing BA 70.81 72.00 70.41 71.93 5.55M
Alphabet GOOGL 618.00 629.13 617.01 627.42 5.53M
Amazon AMZN 191.21 193.95 188.40 193.03 5.16M
International Business Machines IBM 192.91 194.87 192.40 194.56 4.85M
3M MMM 80.92 82.42 80.77 82.20 4.08M
United Technologies UTX 74.69 76.58 74.59 76.31 3.95M
Visa V 96.63 97.46 95.51 97.19 2.99M
Verizon Communications VZ 37.97 38.50 37.94 38.43 2.81M
Union Pacific UNP 100.55 102.10 99.91 101.75 2.58M
Exchange Rates of December 09, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.610 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 1.017 CAD 1 CAD = 0.983 USD
US Dollar Swiss Franc 1 USD = 0.923 CHF 1 CHF = 1.084 USD
US Dollar Chinese Yuan 1 USD = 6.364 CNY 1 CNY = 0.157 USD
Euro Japanese Yen 1 EUR = 103.900 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.854 GBP 1 GBP = 1.171 EUR
Euro Australian Dollar 1 EUR = 1.310 AUD 1 AUD = 0.763 EUR
Euro Canadian Dollar 1 EUR = 1.361 CAD 1 CAD = 0.735 EUR
Euro Swiss Franc 1 EUR = 1.235 CHF 1 CHF = 0.810 EUR
Euro Chinese Yuan 1 EUR = 8.478 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.822 GBP 1 GBP = 1.217 JPY
Japanese Yen Australian Dollar 1 JPY = 1.260 AUD 1 AUD = 0.794 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.310 CAD 1 CAD = 0.763 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.533 AUD 1 AUD = 0.652 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.593 CAD 1 CAD = 0.628 GBP
Pound Sterling Swiss Franc 1 GBP = 1.446 CHF 1 CHF = 0.692 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.925 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.039 CAD 1 CAD = 0.962 AUD
Australian Dollar Swiss Franc 1 AUD = 0.943 CHF 1 CHF = 1.061 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.475 CNY 1 CNY = 0.154 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.907 CHF 1 CHF = 1.103 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.230 CNY 1 CNY = 0.161 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.860 CNY 1 CNY = 0.146 CHF

See what else happened on December 09, 2011