Financial news on February 09, 2012

Business and Financial news
5 European Nations Agree to Help U.S. Crack Down on Tax Evasion

France, Germany, Italy, Spain and Britain will “intensify their cooperation” to identify U.S. tax cheats in return for help in finding U.S. accounts held by residents of those countries. Read more..

By DAVID JOLLY and BRIAN KNOWLTON - International Herald Tribune

Germany and Kazakhstan Sign Rare Earths Agreement

Germany and Kazakhstan agree to a strategic partnership that guarantees German companies the right to search for and mine rare earths and other raw materials in Kazakhstan in exchange for technological and other investments; accord is valued at about $4 billion. Read more..

By MELISSA EDDY - The New York Times

In Europe, Stagnation as a Way of Life

The Greek debt deal opens the door to new uncertainties in Europe, which could once again revive the crisis atmosphere. Read more..

By LIZ ALDERMAN and LANDON THOMAS Jr - The New York Times

Investor Confidence Keeps Dow Near 4-Year High

Stocks close flat in a thinly traded session, but the Dow Jones industrial average remains near a four-year high. Read more..

By REUTERS - The New York Times

John Sargent, Former Doubleday President, Dies at 87

John T Sargent, who as president and later chairman of Doubleday & Company oversaw its expansion from a modest-size family-controlled book publisher to an industry giant with interests extending into broadcasting and baseball, dies at age 87. Read more..

By BRUCE WEBER - The New York Times

Learning to Mistrust Your Financial Instincts

Research in the growing field of behavioral economics shows that individual investors can overcome tendencies toward making wrong choices with their investments, although doing so requires recognition and discipline. Read more..

By JOHN F. WASIK - The New York Times

Luxury Long-Term Lodging Begins to Feel Like Home

Hotel chains are seeing an under-served niche market in longer-term or extended-stay residences that offer amenities or residential ambiance to higher-income individuals looking for lodgings for longer stays; benefits include all the features of great hotels with the privacy of condominiums and apartments. Read more..

By ELIZABETH OLSON - The New York Times

Navigating Pitfalls of a Windfall

Financial planners warn that managing a financial windfall can be a stressful, hazardous undertaking that must be navigated with great care to avoid wasting a once-in-a-lifetime opportunity; beneficiaries of a substantial payday, like a lottery winner, heir to an estate or a shareholder that goes public, may suddenly confront a wide range of unfamiliar life choices. Read more..

By CONRAD DE AENLLE - The New York Times

Regulators Order Inspections for Entire Airbus A380 Fleet

The news that A380 wing bracket cracks could be more widespread comes at a time when Boeing is grappling with what it said were minor defects on its 787 “Dreamliner.” Read more..

By NICOLA CLARK - International Herald Tribune

Sprint Posts Sales Loss, but iPhone Lifts Revenue

Sprint Nextel lifts revenue with the iPhone, but posts a net fourth-quarter loss of $1.3 billion, or 43 cents a share, compared with net loss of $929 million in year-ago quarter. Read more..

By BRIAN X. CHEN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 20.23 20.49 19.87 20.00 131M
Microsoft MSFT 30.68 30.80 30.48 30.77 50.5M
General Electric GE 19.31 19.35 19.11 19.13 44.2M
Intel INTC 26.91 27.00 26.79 26.86 35.8M
Oracle Corp. ORCL 28.85 28.90 28.35 28.89 31.8M
Apple AAPL 480.76 496.75 480.56 493.17 31.6M
ConocoPhillips COP 72.24 72.50 71.24 71.55 31.5M
Wells Fargo & Co. WFC 30.78 30.85 30.29 30.58 29.7M
Pfizer PFE 21.05 21.25 21.00 21.14 28.9M
JPMorgan Chase JPM 38.60 38.68 37.84 37.86 28.6M
Pepsico PEP 64.86 64.90 63.81 64.27 25.6M
AT&T Inc. T 30.06 30.06 29.88 29.99 18.1M
ExxonMobil XOM 85.33 85.69 84.67 84.88 17.1M
Altria MO 28.87 29.44 28.81 29.30 16.1M
HP Inc. HPQ 29.38 29.49 29.03 29.11 16M
Comcast CMCSA 27.27 27.50 27.11 27.46 14M
Walt Disney & Co. DIS 40.75 41.64 40.55 41.53 13.6M
Abbott Laboratories ABT 55.48 55.60 54.99 55.26 11.7M
Johnson & Johnson JNJ 65.16 65.35 64.82 64.89 10.9M
Visa V 113.06 114.90 112.05 112.42 9.9M
UnitedHealth Group UNH 52.21 53.53 52.20 53.06 9.61M
Merck MRK 38.39 38.52 38.14 38.15 9.6M
Procter & Gamble PG 63.84 64.10 63.53 64.04 9.15M
Amgen AMGN 68.01 68.06 66.67 66.84 9.14M
United Technologies UTX 82.74 84.31 82.50 83.78 8.91M
Verizon Communications VZ 37.97 37.99 37.76 37.92 8.77M
Coca-Cola KO 68.36 68.39 67.77 67.97 8.16M
Gilead Sciences GILD 54.39 54.39 53.55 53.73 7.87M
General Motors GM 25.96 26.22 25.50 25.74 7.44M
Schlumberger SLB 78.81 78.94 77.73 78.64 7.37M
Amazon AMZN 184.50 185.69 181.76 184.98 7.19M
Wal-Mart Stores WMT 61.58 62.16 61.58 61.96 6.45M
Bristol-Myers Squibb BMY 32.06 32.13 31.80 31.99 6.45M
Home Depot HD 45.27 45.37 44.83 45.27 5.36M
Chevron CVX 107.18 107.41 106.07 106.37 4.75M
Alphabet GOOGL 612.02 614.50 609.00 611.46 4.52M
Boeing BA 75.78 76.23 75.37 75.90 4.49M
Union Pacific UNP 114.66 114.74 112.33 112.80 4.38M
International Business Machines IBM 193.03 194.46 192.55 193.13 3.88M
Berkshire Hathaway BRK.B 79.66 79.78 78.95 79.20 3.7M
McDonald's MCD 100.06 100.46 99.70 99.99 3.61M
3M MMM 87.54 88.18 87.46 88.02 3.03M
Exchange Rates of February 09, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.650 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.995 CAD 1 CAD = 1.005 USD
US Dollar Swiss Franc 1 USD = 0.912 CHF 1 CHF = 1.097 USD
US Dollar Chinese Yuan 1 USD = 6.295 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 103.170 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.840 GBP 1 GBP = 1.191 EUR
Euro Australian Dollar 1 EUR = 1.232 AUD 1 AUD = 0.812 EUR
Euro Canadian Dollar 1 EUR = 1.321 CAD 1 CAD = 0.757 EUR
Euro Swiss Franc 1 EUR = 1.211 CHF 1 CHF = 0.826 EUR
Euro Chinese Yuan 1 EUR = 8.368 CNY 1 CNY = 0.120 EUR
Japanese Yen Pound Sterling 1 JPY = 0.814 GBP 1 GBP = 1.229 JPY
Japanese Yen Australian Dollar 1 JPY = 1.193 AUD 1 AUD = 0.838 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.281 CAD 1 CAD = 0.781 JPY
Japanese Yen Swiss Franc 1 JPY = 1.174 CHF 1 CHF = 0.852 JPY
Pound Sterling Australian Dollar 1 GBP = 1.466 AUD 1 AUD = 0.682 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.573 CAD 1 CAD = 0.636 GBP
Pound Sterling Swiss Franc 1 GBP = 1.442 CHF 1 CHF = 0.694 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.962 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.073 CAD 1 CAD = 0.932 AUD
Australian Dollar Swiss Franc 1 AUD = 0.983 CHF 1 CHF = 1.017 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.794 CNY 1 CNY = 0.147 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.916 CHF 1 CHF = 1.092 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.329 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.909 CNY 1 CNY = 0.145 CHF

See what else happened on February 09, 2012