Financial news on September 09, 2010

Business and Financial news
Bair Warns of Government Mortgage ‘Exposure’

A key United States banking regulator raised concern on Wednesday about the risk of “exposure” the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages, Reuters said. Read more..

By DEALBOOK - The New York Times

Barnes & Noble Urges Holders to Reject Burkle

Barnes & Noble, the object of a proxy battle by the billionaire investor Ronald W. Burkle, sent shareholders a letter urging them to vote for its board nominees and to reject Mr. Burkle’s candidates. Read more..

By DEALBOOK - The New York Times

Central Bankers Spurred to Complete New Regulations

The drama in Ireland added urgency to efforts by central bankers and bank regulators to agree on global rules designed to prevent future crises. Read more..

By JACK EWING - The New York Times

Cerberus Is Said to Be Mystery Firm in Foster’s Bid

Cerberus Capital Management is believed to be the firm that made an offer worth up to $2.5 billion for the wine business of Foster’s Group, Reuters said, citing a report from The Australian newspaper on Thursday. Read more..

By DEALBOOK - The New York Times

Deutsche Bank Said to Weigh Stock Sale

The potential stock sale that could raise as much as 9 billion euros, or $11.4 billion, Bloomberg News and The Financial Times reported Thursday. Read more..

By DEALBOOK - The New York Times

Goldman: Better H.R. Than P.R.?

Vilified by the public and the media though they may be, Goldman Sachs’s employees still like the bank. Read more..

By DEALBOOK - The New York Times

Investor Fears Force Split-Up of Irish Bank

The increasing burden of Anglo Irish Bank’s losses has become a millstone for the government, which is seeking to avoid a Greek-style bank bailout. Read more..

By LANDON THOMAS Jr - The New York Times

On Clean Energy, China Skirts Rules

Big government subsidies for clean energy companies, like cheap land and low-interest loans, may be in violation of W.T.O. rules. Read more..

By KEITH BRADSHER - The New York Times

S.E.C. Calls Proposed Citi Settlement is Fair

The top American securities regulator defended its proposed $75 million settlement with Citigroup, saying the penalty reasonably accounts for the seriousness of the bank’s alleged misconduct, Reuters said, citing a document filed in court on Wednesday. Read more..

By DEALBOOK - The New York Times

Sticking by Greece, Norway Scoffs at Default

Norway, which has amassed the world’s second-biggest sovereign wealth fund, says Greece won’t default on its debts. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.9116.0015.8215.9160.5M
Cisco SystemsCSCO20.9621.0520.5820.6143.6M
JPMorgan ChaseJPM39.9340.3239.1240.1033.4M
Wells Fargo & Co.WFC25.7126.0125.2225.6928.7M
AT&T Inc.T27.5427.9627.5227.8127.4M
Oracle Corp.ORCL24.3224.5024.2124.3326M
HP Inc.HPQ39.3039.3438.5838.8217.9M
Verizon CommunicationsVZ30.6530.9230.5530.8417M
Johnson & JohnsonJNJ59.3960.0359.2659.8214.1M
Abbott LaboratoriesABT50.9551.3250.9551.0910.9M
Procter & GamblePG60.6760.6960.2160.297.94M
Home DepotHD29.7829.8929.3029.417.88M
UnitedHealth GroupUNH34.1034.2533.9234.027.51M
Wal-Mart StoresWMT52.0652.1051.8451.917.29M
Walt Disney & Co.DIS34.3434.4934.0034.086.99M
Bristol-Myers SquibbBMY26.9126.9926.7026.876.11M
Gilead SciencesGILD34.1234.1533.7834.055.34M
Berkshire HathawayBRK.B81.9882.4381.6582.315.22M
International Business MachinesIBM127.27127.57126.15126.363.44M
Union PacificUNP79.9780.0078.1378.662.88M
United TechnologiesUTX69.3569.4568.2568.622.69M
Exchange Rates of September 09, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83.840 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.034 CAD1 CAD = 0.967 USD
US DollarSwiss Franc1 USD = 1.015 CHF1 CHF = 0.985 USD
US DollarChinese Yuan1 USD = 6.783 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 106.430 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.823 GBP1 GBP = 1.216 EUR
EuroAustralian Dollar1 EUR = 1.374 AUD1 AUD = 0.728 EUR
EuroCanadian Dollar1 EUR = 1.313 CAD1 CAD = 0.762 EUR
EuroSwiss Franc1 EUR = 1.289 CHF1 CHF = 0.776 EUR
EuroChinese Yuan1 EUR = 8.611 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.773 GBP1 GBP = 1.294 JPY
Japanese YenAustralian Dollar1 JPY = 1.291 AUD1 AUD = 0.775 JPY
Japanese YenCanadian Dollar1 JPY = 1.233 CAD1 CAD = 0.811 JPY
Japanese YenSwiss Franc1 JPY = 1.211 CHF1 CHF = 0.826 JPY
Pound SterlingAustralian Dollar1 GBP = 1.671 AUD1 AUD = 0.598 GBP
Pound SterlingCanadian Dollar1 GBP = 1.595 CAD1 CAD = 0.627 GBP
Pound SterlingSwiss Franc1 GBP = 1.567 CHF1 CHF = 0.638 GBP
Pound SterlingChinese Yuan1 GBP = 10.456 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.954 CAD1 CAD = 1.048 AUD
Australian DollarSwiss Franc1 AUD = 0.937 CHF1 CHF = 1.067 AUD
Australian DollarChinese Yuan1 AUD = 6.263 CNY1 CNY = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 0.982 CHF1 CHF = 1.019 CAD
Canadian DollarChinese Yuan1 CAD = 6.562 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.681 CNY1 CNY = 0.150 CHF

See what else happened on September 09, 2010