Financial news on November 9th, 2009

Business and Financial news
A Netflix Model for Haute Couture

Rent the Runway wants to do for high-end fashion what Netflix has done for movies by offering a simple mail-order system. Read more..

By JENNA WORTHAM - The New York Times

A Stratocaster for Max, and Other Mad Men Stories

A Wal-Mart executive describes how people go hungry when they run out of money at the end of the month, and what the chain is doing about it. Read more..

By STUART ELLIOTT - The New York Times

Balancing Energy Needs and Material Hazards

Companies that make ultrathin solar panels using a toxic compound are watching nervously as the European Union considers expanding a ban on such materials in electrical components. Read more..

By JAMES KANTER - International Herald Tribune

Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor

The shortcoming is in the way imports are accounted for in measures of gross domestic product and worker productivity. Read more..

By LOUIS UCHITELLE - The New York Times

Hands-Only CPR: Try It -- It’s Effective

With the help of a New York advertising agency, the American Heart Association is introducing a new campaign to encourage the use of hands-only cardiopulmonary resuscitation. Read more..

By JANE L. LEVERE - The New York Times

Intense Review Is Expected for NBC Deal

Comcast’s plan to gain control of NBC Universal, which is expected to be announced soon, is likely to be the first major test of the Obama administration’s media regulators. Read more..

By BRIAN STELTER - The New York Times

Medical Industry Grumbles, but It Stands to Gain

Many analysts say the House bill is not as bad for business as many in the health care industry might have feared when the overhaul effort began. Read more..

By DUFF WILSON and REED ABELSON - The New York Times

Sending a Message, Again and Again

The number of text messages transmitted in the United States grew by more than 80 percent over the 12 months ended in June. Read more..

By ALEX MINDLIN - The New York Times

Taiwan Firm Positioned for E-Reader Takeoff

Prime View International already produces displays for the most popular e-readers. By the end of the year, it will own the company that produces the “ink” for them. Read more..

By JONATHAN ADAMS - International Herald Tribune

Wells Fargo’s Big Dilemma

The chief executive of Wells Fargo might have a hard time of paying back the Troubled Asset Relief Program investment while avoiding damage to his shareholders. Read more..

By ANTONY CURRIE and ROB COX - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.7015.9215.6015.85103M
Cisco SystemsCSCO23.9324.0023.7223.9946.9M
Wells Fargo & Co.WFC27.5028.4027.1228.4044.4M
JPMorgan ChaseJPM43.9344.3943.3044.3538.8M
AT&T Inc.T25.9726.3525.9126.3423.6M
Oracle Corp.ORCL21.6121.8721.5021.8322.7M
Verizon CommunicationsVZ29.8230.2029.7530.1720.4M
HP Inc.HPQ49.0750.0048.8249.9915.6M
Wal-Mart StoresWMT51.6652.0351.4152.0015.3M
Procter & GamblePG61.1961.9060.8461.8514.3M
Home DepotHD26.3126.8726.2026.8113.3M
Walt Disney & Co.DIS28.6729.0728.2329.0012.6M
Johnson & JohnsonJNJ60.4260.7560.2960.7511.8M
UnitedHealth GroupUNH28.3129.2428.2029.1311.8M
Abbott LaboratoriesABT51.7852.4051.5552.3510.9M
Gilead SciencesGILD46.4346.5845.8746.589.71M
Bristol-Myers SquibbBMY22.7723.1122.6923.059.13M
Union PacificUNP62.1563.2061.3062.389.03M
International Business MachinesIBM123.92126.00123.49126.007.76M
United TechnologiesUTX65.6366.7565.1166.733.83M
Berkshire HathawayBRK.B3500.003500.003425.003425.0069.3K
Exchange Rates of November 9th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.960 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.056 CAD1 CAD = 0.947 USD
US DollarSwiss Franc1 USD = 1.008 CHF1 CHF = 0.992 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 134.910 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.895 GBP1 GBP = 1.118 EUR
EuroAustralian Dollar1 EUR = 1.613 AUD1 AUD = 0.620 EUR
EuroCanadian Dollar1 EUR = 1.583 CAD1 CAD = 0.632 EUR
EuroSwiss Franc1 EUR = 1.512 CHF1 CHF = 0.662 EUR
Japanese YenPound Sterling1 JPY = 0.663 GBP1 GBP = 1.509 JPY
Japanese YenAustralian Dollar1 JPY = 1.195 AUD1 AUD = 0.837 JPY
Japanese YenCanadian Dollar1 JPY = 1.173 CAD1 CAD = 0.853 JPY
Japanese YenSwiss Franc1 JPY = 1.120 CHF1 CHF = 0.893 JPY
Pound SterlingAustralian Dollar1 GBP = 1.803 AUD1 AUD = 0.555 GBP
Pound SterlingCanadian Dollar1 GBP = 1.769 CAD1 CAD = 0.565 GBP
Pound SterlingSwiss Franc1 GBP = 1.689 CHF1 CHF = 0.592 GBP
Australian DollarCanadian Dollar1 AUD = 0.981 CAD1 CAD = 1.019 AUD
Australian DollarSwiss Franc1 AUD = 0.937 CHF1 CHF = 1.068 AUD
Canadian DollarSwiss Franc1 CAD = 0.955 CHF1 CHF = 1.048 CAD
Canadian DollarChinese Yuan1 CAD = 6.467 CNY1 CNY = 0.155 CAD

See what else happened on November 9th, 2009