Financial news on December 10th, 2009

Business and Financial news
A.I.G. Units Omit Name and Excel

A.I.G. is once again the top seller of fixed annuities to bank customers, although the contracts are being offered under the names of two subsidiaries. Read more..

By MARY WILLIAMS WALSH - The New York Times

AOL Quietly Returns to Life on Its Own

The long, chaotic and star-crossed relationship between AOL and Time Warner finally ended in divorce. Read more..

By TIM ARANGO - The New York Times

Britain’s Bank Windfall Tax Is Ill-Conceived

The tax answers calls for social justice but will merely reinforce the impression that British tax policy is driven by short-term political whims. Read more..

By PETER THAL LARSEN and JAMES PETHOKOUKIS - The New York Times

Britain to Levy a One-Time Tax on Banker Bonuses

A tax seen as the most direct attack on bank bonuses in the world is part of Britain’s effort to shore up its finances. Read more..

By LANDON THOMAS Jr - The New York Times

Democrats in Disarray Over Bank Rules

Because of strong Republican opposition, Democrats need solid support from within their own ranks to advance new controls on businesses and financial institutions. Read more..

By CARL HULSE - The New York Times

Ford May Use Stock to Pay Into a Fund

The automaker must pay $1.9 billion to a retiree fund at the end of the month and wants to make $600 million of that payable in stock. Read more..

By NICK BUNKLEY - The New York Times

New Chief Nominated for Mexico’s Central Bank

Agustín Carstens is expected to take over the duties as central bank governor in January. Read more..

By ELISABETH MALKIN - The New York Times

New Jersey Gas Dealers Say Exxon Overcharges

A lawsuit says ExxonMobil divided the state into 100 zones, and set different prices for the same grade of fuel in different zones. Read more..

By BLOOMBERG NEWS - The New York Times

Recession Elsewhere, but It’s Booming in China

Aggressive bank lending is sending Chinese consumers on a shopping spree, while Americans spend more prudently. Read more..

By KEITH BRADSHER - The New York Times

S.E.C. Proposal May Help Some of Madoff’s Early Investors Press Their Claims

Rather than “cash in, cash out” reimbursement, the plan would allow some cash claims to be adjusted for inflation. Read more..

By DIANA B. HENRIQUES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC26,1826,2625,2525,3262.1M
General ElectricGE15,8115,8515,5515,6155.8M
MicrosoftMSFT29,7129,9629,6629,8745.9M
IntelINTC20,1621,1420,0320,1543.2M
Bristol-Myers SquibbBMY25,2225,7425,1625,5443.1M
JPMorgan ChaseJPM41,3641,5640,6641,2736.4M
PfizerPFE18,4718,5018,2518,3236.3M
Oracle Corp.ORCL22,3322,6722,2322,5934.9M
Cisco SystemsCSCO24,0024,2023,8123,9433.7M
ComcastCMCSA17,5517,8817,4017,5833.3M
UnitedHealth GroupUNH28,7230,7228,5430,3127.5M
ExxonMobilXOM73,3273,5672,2172,4023.4M
AT&T Inc.T27,7127,9627,6527,7620.2M
HP Inc.HPQ49,9750,2349,7950,1418.8M
AppleAAPL199,50199,70196,12196,4317.5M
Coca-ColaKO57,9858,9257,9258,5815.4M
MerckMRK37,1537,1537,1537,1514.6M
Verizon CommunicationsVZ33,2033,7233,2033,6614M
Walt Disney & Co.DIS30,8531,5330,7531,3013.6M
Abbott LaboratoriesABT53,5754,3453,5354,0713.1M
ConocoPhillipsCOP50,5450,9850,2550,8912.1M
Home DepotHD27,7828,1027,7627,9911.9M
AmazonAMZN132,41136,19132,40135,3811.3M
ChevronCVX77,6678,3477,3077,4210.9M
Wal-Mart StoresWMT54,2854,8754,2154,6910.1M
Procter & GamblePG62,3562,8562,0862,2410M
AltriaMO19,4519,5119,4319,459.95M
Johnson & JohnsonJNJ64,6565,0064,3964,778.84M
PepsicoPEP62,1562,6361,6761,848.51M
SchlumbergerSLB60,6961,5960,1961,488.13M
McDonald'sMCD60,9861,3560,6961,058.04M
Gilead SciencesGILD46,0546,6945,9746,297.55M
International Business MachinesIBM128,13129,47128,09129,347.08M
AmgenAMGN56,0456,8556,0056,206.49M
BoeingBA55,6556,3954,7255,015.76M
3MMMM79,9680,7679,7280,685.05M
United TechnologiesUTX67,7869,0067,5867,934.79M
Union PacificUNP63,6764,8663,6764,594.11M
VisaV81,8882,7681,3882,323.64M
AlphabetGOOGL590,44594,71590,41591,503.33M
Berkshire HathawayBRK.B3294,003304,003261,003276,0036.7K
Exchange Rates of December 10th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88,190 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,052 CAD1 CAD = 0,951 USD
US DollarSwiss Franc1 USD = 1,026 CHF1 CHF = 0,975 USD
US DollarChinese Yuan1 USD = 6,827 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 129,930 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,905 GBP1 GBP = 1,105 EUR
EuroAustralian Dollar1 EUR = 1,606 AUD1 AUD = 0,623 EUR
EuroCanadian Dollar1 EUR = 1,549 CAD1 CAD = 0,646 EUR
EuroSwiss Franc1 EUR = 1,511 CHF1 CHF = 0,662 EUR
EuroChinese Yuan1 EUR = 10,060 CNY1 CNY = 0,099 EUR
Japanese YenPound Sterling1 JPY = 0,696 GBP1 GBP = 1,437 JPY
Japanese YenAustralian Dollar1 JPY = 1,235 AUD1 AUD = 0,810 JPY
Japanese YenCanadian Dollar1 JPY = 1,192 CAD1 CAD = 0,839 JPY
Japanese YenSwiss Franc1 JPY = 1,163 CHF1 CHF = 0,860 JPY
Pound SterlingAustralian Dollar1 GBP = 1,775 AUD1 AUD = 0,563 GBP
Pound SterlingCanadian Dollar1 GBP = 1,712 CAD1 CAD = 0,584 GBP
Pound SterlingSwiss Franc1 GBP = 1,670 CHF1 CHF = 0,599 GBP
Pound SterlingChinese Yuan1 GBP = 11,106 CNY1 CNY = 0,090 GBP
Australian DollarCanadian Dollar1 AUD = 0,964 CAD1 CAD = 1,037 AUD
Australian DollarSwiss Franc1 AUD = 0,940 CHF1 CHF = 1,064 AUD
Canadian DollarSwiss Franc1 CAD = 0,975 CHF1 CHF = 1,025 CAD
Canadian DollarChinese Yuan1 CAD = 6,495 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 6,657 CNY1 CNY = 0,150 CHF

See what else happened on December 10th, 2009