Financial news on February 9th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20,2320,4919,8720,00131M
General ElectricGE19,3119,3519,1119,1344.2M
Oracle Corp.ORCL28,8528,9028,3528,8931.8M
Wells Fargo & Co.WFC30,7830,8530,2930,5829.7M
JPMorgan ChaseJPM38,6038,6837,8437,8628.6M
AT&T Inc.T30,0630,0629,8829,9918.1M
HP Inc.HPQ29,3829,4929,0329,1116M
Walt Disney & Co.DIS40,7541,6440,5541,5313.6M
Abbott LaboratoriesABT55,4855,6054,9955,2611.7M
Johnson & JohnsonJNJ65,1665,3564,8264,8910.9M
UnitedHealth GroupUNH52,2153,5352,2053,069.61M
Procter & GamblePG63,8464,1063,5364,049.15M
United TechnologiesUTX82,7484,3182,5083,788.91M
Verizon CommunicationsVZ37,9737,9937,7637,928.77M
Gilead SciencesGILD54,3954,3953,5553,737.87M
General MotorsGM25,9626,2225,5025,747.44M
Wal-Mart StoresWMT61,5862,1661,5861,966.45M
Bristol-Myers SquibbBMY32,0632,1331,8031,996.45M
Home DepotHD45,2745,3744,8345,275.36M
Union PacificUNP114,66114,74112,33112,804.38M
International Business MachinesIBM193,03194,46192,55193,133.88M
Berkshire HathawayBRK.B79,6679,7878,9579,203.7M
Exchange Rates of February 9th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77,650 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 0,995 CAD1 CAD = 1,005 USD
US DollarSwiss Franc1 USD = 0,912 CHF1 CHF = 1,097 USD
US DollarChinese Yuan1 USD = 6,295 CNY1 CNY = 0,159 USD
EuroJapanese Yen1 EUR = 103,170 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,840 GBP1 GBP = 1,191 EUR
EuroAustralian Dollar1 EUR = 1,232 AUD1 AUD = 0,812 EUR
EuroCanadian Dollar1 EUR = 1,321 CAD1 CAD = 0,757 EUR
EuroSwiss Franc1 EUR = 1,211 CHF1 CHF = 0,826 EUR
EuroChinese Yuan1 EUR = 8,368 CNY1 CNY = 0,120 EUR
Japanese YenPound Sterling1 JPY = 0,814 GBP1 GBP = 1,229 JPY
Japanese YenAustralian Dollar1 JPY = 1,193 AUD1 AUD = 0,838 JPY
Japanese YenCanadian Dollar1 JPY = 1,281 CAD1 CAD = 0,781 JPY
Japanese YenSwiss Franc1 JPY = 1,174 CHF1 CHF = 0,852 JPY
Pound SterlingAustralian Dollar1 GBP = 1,466 AUD1 AUD = 0,682 GBP
Pound SterlingCanadian Dollar1 GBP = 1,573 CAD1 CAD = 0,636 GBP
Pound SterlingSwiss Franc1 GBP = 1,442 CHF1 CHF = 0,694 GBP
Pound SterlingChinese Yuan1 GBP = 9,962 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 1,073 CAD1 CAD = 0,932 AUD
Australian DollarSwiss Franc1 AUD = 0,983 CHF1 CHF = 1,017 AUD
Australian DollarChinese Yuan1 AUD = 6,794 CNY1 CNY = 0,147 AUD
Canadian DollarSwiss Franc1 CAD = 0,916 CHF1 CHF = 1,092 CAD
Canadian DollarChinese Yuan1 CAD = 6,329 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,909 CNY1 CNY = 0,145 CHF

See what else happened on February 9th, 2012