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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.05 18.08 17.93 18.00 65M
General Electric GE 15.91 16.00 15.82 15.91 60.5M
Pfizer PFE 16.73 16.90 16.66 16.77 52.2M
Microsoft MSFT 24.19 24.21 23.99 24.01 46M
Cisco Systems CSCO 20.96 21.05 20.58 20.61 43.6M
JPMorgan Chase JPM 39.93 40.32 39.12 40.10 33.4M
Wells Fargo & Co. WFC 25.71 26.01 25.22 25.69 28.7M
AT&T Inc. T 27.54 27.96 27.52 27.81 27.4M
Oracle Corp. ORCL 24.32 24.50 24.21 24.33 26M
HP Inc. HPQ 39.30 39.34 38.58 38.82 17.9M
Verizon Communications VZ 30.65 30.92 30.55 30.84 17M
ExxonMobil XOM 61.50 61.59 60.91 61.05 16.5M
Apple AAPL 265.04 266.52 262.92 263.07 15.7M
McDonald's MCD 74.34 76.08 73.66 74.37 14.6M
Johnson & Johnson JNJ 59.39 60.03 59.26 59.82 14.1M
Altria MO 23.62 23.70 23.49 23.63 14.1M
Visa V 68.78 68.97 66.07 66.78 13.3M
Merck MRK 35.99 36.23 35.79 36.08 11.6M
Abbott Laboratories ABT 50.95 51.32 50.95 51.09 10.9M
Comcast CMCSA 18.12 18.18 17.90 17.98 9.98M
Coca-Cola KO 58.23 58.49 57.81 58.29 9.05M
Procter & Gamble PG 60.67 60.69 60.21 60.29 7.94M
Home Depot HD 29.78 29.89 29.30 29.41 7.88M
ConocoPhillips COP 54.98 55.40 54.70 54.73 7.59M
UnitedHealth Group UNH 34.10 34.25 33.92 34.02 7.51M
Schlumberger SLB 59.15 59.38 58.36 58.53 7.35M
Wal-Mart Stores WMT 52.06 52.10 51.84 51.91 7.29M
Walt Disney & Co. DIS 34.34 34.49 34.00 34.08 6.99M
Chevron CVX 77.89 78.28 77.27 77.36 6.65M
Bristol-Myers Squibb BMY 26.91 26.99 26.70 26.87 6.11M
Pepsico PEP 65.90 66.21 65.42 66.10 5.84M
Amgen AMGN 53.33 53.90 53.18 53.79 5.58M
Gilead Sciences GILD 34.12 34.15 33.78 34.05 5.34M
Berkshire Hathaway BRK.B 81.98 82.43 81.65 82.31 5.22M
Amazon AMZN 140.39 141.37 139.26 140.38 4.96M
Alphabet GOOGL 477.83 480.40 470.58 476.18 4.86M
Boeing BA 65.51 65.63 62.95 63.44 4.19M
International Business Machines IBM 127.27 127.57 126.15 126.36 3.44M
Union Pacific UNP 79.97 80.00 78.13 78.66 2.88M
United Technologies UTX 69.35 69.45 68.25 68.62 2.69M
3M MMM 83.92 84.08 82.48 82.96 2.47M
Exchange Rates of September 09, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 83.840 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.034 CAD 1 CAD = 0.967 USD
US Dollar Swiss Franc 1 USD = 1.015 CHF 1 CHF = 0.985 USD
US Dollar Chinese Yuan 1 USD = 6.783 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 106.430 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.823 GBP 1 GBP = 1.216 EUR
Euro Australian Dollar 1 EUR = 1.374 AUD 1 AUD = 0.728 EUR
Euro Canadian Dollar 1 EUR = 1.313 CAD 1 CAD = 0.762 EUR
Euro Swiss Franc 1 EUR = 1.289 CHF 1 CHF = 0.776 EUR
Euro Chinese Yuan 1 EUR = 8.611 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.773 GBP 1 GBP = 1.294 JPY
Japanese Yen Australian Dollar 1 JPY = 1.291 AUD 1 AUD = 0.775 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.233 CAD 1 CAD = 0.811 JPY
Japanese Yen Swiss Franc 1 JPY = 1.211 CHF 1 CHF = 0.826 JPY
Pound Sterling Australian Dollar 1 GBP = 1.671 AUD 1 AUD = 0.598 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.595 CAD 1 CAD = 0.627 GBP
Pound Sterling Swiss Franc 1 GBP = 1.567 CHF 1 CHF = 0.638 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.456 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.954 CAD 1 CAD = 1.048 AUD
Australian Dollar Swiss Franc 1 AUD = 0.937 CHF 1 CHF = 1.067 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.263 CNY 1 CNY = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.982 CHF 1 CHF = 1.019 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.562 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.681 CNY 1 CNY = 0.150 CHF

See what else happened on September 09, 2010