Financial news on December 10th, 2010
Business and Financial news
Accounting for Public Pensions
Pensions for government workers could soon come under the kind of scrutiny that led to the demise of private pensions. Read more..
Day Trading Still Alive, Outsourced to China
Trading firms based in the United States and Canada are recruiting inexpensive workers in China and teaching them to engage in speculative trading. Read more..
Geithner to Undergo Surgery
The Treasury secretary checked into a hospital on Friday to have a kidney stone removed. Read more..
In Europe, Bank Losses Stabilize, Report Says
The central bank said that a sovereign debt crisis or an economic slowdown remained an issue, but that the situation had improved in the last few months. Read more..
Morning Take-Out
U.K. regulator’s pricey parties | The Facebook Empire | Schwarzman’s fave book on video Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 17.22 | 17.88 | 17.20 | 17.72 | 126M |
| Cisco Systems | CSCO | 19.75 | 19.76 | 19.51 | 19.70 | 64.8M |
| Intel | INTC | 21.91 | 21.98 | 21.80 | 21.91 | 52.4M |
| Pfizer | PFE | 16.76 | 17.06 | 16.65 | 17.02 | 42.9M |
| Wells Fargo & Co. | WFC | 30.32 | 30.56 | 30.16 | 30.27 | 40.1M |
| Microsoft | MSFT | 27.19 | 27.40 | 27.11 | 27.34 | 37.6M |
| Oracle Corp. | ORCL | 29.44 | 29.98 | 29.42 | 29.95 | 28.6M |
| JPMorgan Chase | JPM | 40.89 | 41.50 | 40.77 | 41.43 | 28.4M |
| AT&T Inc. | T | 28.91 | 28.97 | 28.75 | 28.89 | 26.3M |
| Comcast | CMCSA | 20.96 | 21.31 | 20.93 | 21.31 | 24.9M |
| Verizon Communications | VZ | 33.67 | 34.05 | 33.52 | 34.04 | 19.3M |
| Abbott Laboratories | ABT | 47.23 | 47.67 | 47.11 | 47.62 | 18.3M |
| ExxonMobil | XOM | 72.18 | 72.18 | 71.62 | 72.18 | 17.7M |
| HP Inc. | HPQ | 42.44 | 42.66 | 42.19 | 42.62 | 16.8M |
| Wal-Mart Stores | WMT | 54.31 | 54.40 | 54.14 | 54.28 | 12M |
| Merck | MRK | 35.67 | 35.67 | 35.67 | 35.67 | 12M |
| General Motors | GM | 33.85 | 33.99 | 33.53 | 33.81 | 11.7M |
| Altria | MO | 24.68 | 24.90 | 24.67 | 24.85 | 11.6M |
| Procter & Gamble | PG | 63.30 | 63.79 | 63.06 | 63.20 | 11.5M |
| Home Depot | HD | 34.42 | 34.53 | 34.15 | 34.40 | 11.5M |
| Johnson & Johnson | JNJ | 62.19 | 62.33 | 61.69 | 61.91 | 11.5M |
| Apple | AAPL | 319.65 | 321.05 | 318.60 | 320.56 | 9.38M |
| Coca-Cola | KO | 64.87 | 64.90 | 64.28 | 64.65 | 8.95M |
| ConocoPhillips | COP | 64.78 | 64.93 | 64.37 | 64.58 | 8.46M |
| Gilead Sciences | GILD | 37.05 | 37.69 | 36.93 | 37.61 | 8.36M |
| UnitedHealth Group | UNH | 36.79 | 36.85 | 36.43 | 36.67 | 7.98M |
| Bristol-Myers Squibb | BMY | 25.95 | 26.10 | 25.91 | 26.04 | 7.85M |
| Chevron | CVX | 86.96 | 87.08 | 86.24 | 87.03 | 7.41M |
| Walt Disney & Co. | DIS | 36.86 | 36.95 | 36.60 | 36.66 | 6.75M |
| Amgen | AMGN | 53.32 | 54.00 | 53.29 | 53.89 | 6.57M |
| Visa | V | 79.03 | 80.24 | 79.03 | 80.20 | 5.93M |
| Schlumberger | SLB | 81.02 | 81.84 | 80.92 | 81.54 | 5.86M |
| Boeing | BA | 64.63 | 64.77 | 63.96 | 64.16 | 5.5M |
| Pepsico | PEP | 64.84 | 65.00 | 64.59 | 64.90 | 5.43M |
| McDonald's | MCD | 77.65 | 77.84 | 77.32 | 77.56 | 5.32M |
| 3M | MMM | 84.35 | 84.42 | 83.75 | 84.32 | 4.45M |
| United Technologies | UTX | 78.49 | 78.83 | 78.07 | 78.40 | 3.82M |
| Berkshire Hathaway | BRK.B | 80.47 | 80.72 | 79.84 | 80.68 | 3.63M |
| Amazon | AMZN | 174.88 | 175.95 | 173.36 | 175.62 | 3.57M |
| International Business Machines | IBM | 144.88 | 144.95 | 143.73 | 144.82 | 3.5M |
| Alphabet | GOOGL | 593.14 | 593.99 | 590.29 | 592.21 | 3.41M |
| Union Pacific | UNP | 93.37 | 93.44 | 91.52 | 92.64 | 2.64M |
Exchange Rates of December 10th, 2010
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 83.900 JPY | 1 JPY = 0.012 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.010 CAD | 1 CAD = 0.991 USD |
| US Dollar | Swiss Franc | 1 USD = 0.981 CHF | 1 CHF = 1.020 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.656 CNY | 1 CNY = 0.150 USD |
| Euro | Japanese Yen | 1 EUR = 110.990 JPY | 1 JPY = 0.009 EUR |
| Euro | Pound Sterling | 1 EUR = 0.837 GBP | 1 GBP = 1.195 EUR |
| Euro | Australian Dollar | 1 EUR = 1.342 AUD | 1 AUD = 0.745 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.335 CAD | 1 CAD = 0.749 EUR |
| Euro | Swiss Franc | 1 EUR = 1.297 CHF | 1 CHF = 0.771 EUR |
| Euro | Chinese Yuan | 1 EUR = 8.803 CNY | 1 CNY = 0.114 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.753 GBP | 1 GBP = 1.327 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.208 AUD | 1 AUD = 0.828 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.202 CAD | 1 CAD = 0.832 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.168 CHF | 1 CHF = 0.856 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 1.604 AUD | 1 AUD = 0.624 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.596 CAD | 1 CAD = 0.627 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.550 CHF | 1 CHF = 0.645 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.519 CNY | 1 CNY = 0.095 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.995 CAD | 1 CAD = 1.005 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.966 CHF | 1 CHF = 1.035 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 6.558 CNY | 1 CNY = 0.152 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.971 CHF | 1 CHF = 1.029 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 6.592 CNY | 1 CNY = 0.152 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.786 CNY | 1 CNY = 0.147 CHF |
See what else happened on December 10th, 2010