Financial news on November 10, 2010

Business and Financial news
Ask.com to Return to Old Service

The company will go back to being a question-and-answer service, but it’s re-entering a field that has become crowded. Read more..

By VERNE G. KOPYTOFF - The New York Times

At HCA, Hot Debt Markets Offer Chance at Big Payday

So-called dividend recapitalizations have roared back in popularity this year, one of many signs that the debt markets are surging from the depths of the financial crisis. Read more..

By MICHAEL J. de la MERCED and PETER LATTMAN - The New York Times

Barclays Profit Hit by Big Loss at Investment Banking

Even without the large charge, Barclays’ profit would still have been down on a year-to-year basis, but only slightly. Read more..

By DAVID JOLLY - The New York Times

Currency Move Changes S. Korea Plan

The Federal Reserve’s decision to pump $600 billion into the American economy has put South Korean government officials in a difficult spot. Read more..

By SEWELL CHAN and MARTIN FACKLER - The New York Times

E.U. Signals Tough World Trade Policy

Karel De Gucht, the European Union trade commissioner, said he intended “to ensure that European business gets a fair deal and that our rights are respected.” Read more..

By JAMES KANTER - The New York Times

G-20 Expected to Endorse Bank Rules

Efforts to increase capital requirements are being fought by bankers, who say the rules will raise the cost of credit and devastate lending. Read more..

By JACK EWING - The New York Times

In These Lean Days, Even Stores Shrink

Some retailers are cutting the size of stores and inventory to limit costs and provide a focused shopping experience. Read more..

By STEPHANIE CLIFFORD - The New York Times

Some Companies Shift Health Costs to Better-Paid

As costs rise, employers are shifting the burden of health care contributions to workers in top salary brackets. Read more..

By REED ABELSON - The New York Times

Supreme Court Weighs Class-Action Suits

The case of a $30 charge for a “free” phone could change contracts that require disputes be settled via arbitration. Read more..

By ADAM LIPTAK - The New York Times

Victoria Beckham: Looking at All the Angles

Victoria Beckham said she decided to start designing in part because she knows from her own red carpet life what it takes for a woman to look good "from all angles." Read more..

By ALISON SMALE - International Herald Tribune

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 24.29 24.51 23.99 24.49 116M
Pfizer PFE 16.95 16.96 16.65 16.83 53.9M
Microsoft MSFT 27.01 27.08 26.81 26.94 52.3M
General Electric GE 16.64 16.67 16.37 16.55 49.7M
Intel INTC 21.15 21.17 20.82 21.04 48.1M
Wells Fargo & Co. WFC 28.08 28.62 27.88 28.58 37.3M
JPMorgan Chase JPM 39.87 40.64 39.59 40.62 35.6M
Oracle Corp. ORCL 28.64 28.84 28.36 28.69 27.8M
ExxonMobil XOM 70.96 71.16 70.15 71.13 25.5M
Altria MO 25.53 25.56 24.94 25.21 21.5M
AT&T Inc. T 29.07 29.08 28.71 29.05 21.5M
Merck MRK 35.05 35.18 34.78 34.96 19.1M
Abbott Laboratories ABT 49.87 50.17 49.46 50.17 15.6M
Comcast CMCSA 20.73 20.82 20.54 20.73 13.9M
Apple AAPL 316.64 318.77 313.55 318.03 13.7M
ConocoPhillips COP 61.98 63.27 61.66 63.21 13.7M
Verizon Communications VZ 32.97 33.00 32.51 32.85 13.7M
HP Inc. HPQ 44.51 44.52 43.74 44.16 13.3M
Chevron CVX 83.78 85.22 83.25 85.17 11.8M
Schlumberger SLB 73.83 74.76 73.23 74.65 11.8M
Wal-Mart Stores WMT 54.76 54.76 54.09 54.51 11.2M
Home Depot HD 31.48 31.70 31.25 31.68 11.2M
Johnson & Johnson JNJ 64.24 64.34 63.55 63.95 10.8M
Boeing BA 67.69 67.69 66.79 67.07 10.5M
Bristol-Myers Squibb BMY 26.19 26.41 26.12 26.31 10.3M
Coca-Cola KO 62.56 62.64 62.30 62.55 9.01M
Gilead Sciences GILD 38.76 38.77 38.20 38.73 8.9M
UnitedHealth Group UNH 36.71 37.17 35.97 37.16 8.39M
Procter & Gamble PG 64.67 64.80 64.36 64.57 8.15M
Walt Disney & Co. DIS 36.91 37.00 36.51 36.99 7.86M
Pepsico PEP 65.04 65.39 64.62 65.25 7.07M
Amgen AMGN 54.76 54.94 53.97 54.70 6.17M
Berkshire Hathaway BRK.B 80.64 82.17 80.64 81.93 5.66M
Amazon AMZN 170.59 173.37 169.41 173.33 5.44M
International Business Machines IBM 146.09 146.79 145.63 146.55 5.17M
Alphabet GOOGL 622.08 623.00 617.51 622.88 4.99M
United Technologies UTX 76.53 76.62 75.80 76.15 4.02M
McDonald's MCD 79.07 79.58 78.66 79.50 4.01M
3M MMM 85.30 86.49 85.29 86.25 4M
Visa V 78.50 79.31 78.01 79.29 2.98M
Union Pacific UNP 90.39 91.40 89.89 91.40 2.62M
Exchange Rates of November 10, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 82.270 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.001 CAD 1 CAD = 0.999 USD
US Dollar Swiss Franc 1 USD = 0.971 CHF 1 CHF = 1.030 USD
US Dollar Chinese Yuan 1 USD = 6.634 CNY 1 CNY = 0.151 USD
Euro Japanese Yen 1 EUR = 113.370 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.855 GBP 1 GBP = 1.170 EUR
Euro Australian Dollar 1 EUR = 1.371 AUD 1 AUD = 0.729 EUR
Euro Canadian Dollar 1 EUR = 1.379 CAD 1 CAD = 0.725 EUR
Euro Swiss Franc 1 EUR = 1.338 CHF 1 CHF = 0.747 EUR
Euro Chinese Yuan 1 EUR = 9.148 CNY 1 CNY = 0.109 EUR
Japanese Yen Pound Sterling 1 JPY = 0.754 GBP 1 GBP = 1.327 JPY
Japanese Yen Australian Dollar 1 JPY = 1.209 AUD 1 AUD = 0.827 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.216 CAD 1 CAD = 0.822 JPY
Japanese Yen Swiss Franc 1 JPY = 1.180 CHF 1 CHF = 0.848 JPY
Pound Sterling Australian Dollar 1 GBP = 1.603 AUD 1 AUD = 0.624 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.613 CAD 1 CAD = 0.620 GBP
Pound Sterling Swiss Franc 1 GBP = 1.565 CHF 1 CHF = 0.639 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.689 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.006 CAD 1 CAD = 0.994 AUD
Australian Dollar Swiss Franc 1 AUD = 0.976 CHF 1 CHF = 1.025 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.677 CNY 1 CNY = 0.150 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.970 CHF 1 CHF = 1.031 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.637 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.837 CNY 1 CNY = 0.146 CHF

See what else happened on November 10, 2010