Financial news on September 10, 2010

Business and Financial news
A Dual Strategy at Deutsche Bank

The planned rights issue of 8 billion to 9 billion euros will complete the acquisition of Postbank, but will also provide cover for increasing the bank’s capital before forthcoming tighter regulation. Read more..

By HUGO DIXON, PETER THAL LARSEN and CHRISTOPHER SWANN - The New York Times

A Rock Impresario Gambles on ‘Spider-Man’

Michael Cohl, the lead producer of the musical, is taking a risk on the most expensive show in Broadway history. Read more..

By PATRICK HEALY - The New York Times

Carrefour Said to Privilege Tesco and Casino Bids

Carrefour, the world’s second- biggest retailer, put Tesco and Casino Guichard-Perrachon on a short list of potential buyers for its Southeast Asian units, a deal that may be valued at about $1 billion, said three people with knowledge of the matter, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Harvard Endowment Reports 11% Return for Year

The manager, Jane Mendillo, increased the endowment’s available cash while generating a respectable, if not spectacular return, several endowment experts said. Read more..

By GERALDINE FABRIKANT - The New York Times

In Milan, a Family Finds Solace, and Space, in Center of City

The Marder family's apartment in the central city is the result of four years' work. Read more..

By ERIC SYLVERS - International Herald Tribune

Judge Reinstates eBay’s 28.4% Craigslist Stake

A judge on Thursday reinstated eBay 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board, Reuters reported. Read more..

By DEALBOOK - The New York Times

New G.M. Chief’s Salary: $1.7 Million in Cash

General Motors’s new chief executive, Daniel F. Akerson, is set to earn $1.7 million in annual cash salary, the car company disclosed in a regulatory filing on Friday. Read more..

By DEALBOOK - The New York Times

QR National Set for $2.8 Billion in Loans Before Listing

QR National, Australia’s largest transport and logistics business, will likely agree to about 3 billion Australian dollars ($2.8 billion) of loans from as many as 10 lenders next week ahead of a planned share listing, Bloomberg News reported, citing two people familiar with the matter. Read more..

By DEALBOOK - The New York Times

S.E.C. Said to Investigate Funds of Funds

The securities regulator is investigating investment advisory firms that channel investors’ money into hedge funds, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

U.S. Urges I.M.F. to Expand Role of Growing Economies

In a move that has met with resistance in Europe, the United States is pushing to reduce the Continent’s influence over the International Monetary Fund and grant more of a say to economies outside of Europe that are growing and leading the global recovery. 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 17.95 18.10 17.84 17.97 68.8M
Microsoft MSFT 23.98 24.03 23.79 23.85 58.3M
Cisco Systems CSCO 20.63 20.68 20.32 20.62 48.4M
General Electric GE 15.96 16.08 15.81 15.98 46.6M
Oracle Corp. ORCL 24.42 25.15 24.38 25.05 44.3M
Pfizer PFE 16.84 17.00 16.81 16.99 42M
HP Inc. HPQ 38.78 38.83 38.08 38.28 22.8M
JPMorgan Chase JPM 39.92 40.25 39.67 39.76 21.9M
Wells Fargo & Co. WFC 25.83 25.97 25.67 25.75 19.9M
AT&T Inc. T 27.88 27.92 27.63 27.83 19.7M
Comcast CMCSA 18.05 18.49 17.99 18.40 17.4M
ExxonMobil XOM 61.38 61.48 60.95 61.20 14.5M
Altria MO 23.74 23.94 23.70 23.84 13.8M
Apple AAPL 263.19 264.50 261.40 263.41 13.8M
Verizon Communications VZ 30.85 30.94 30.78 30.82 11.6M
Merck MRK 36.14 36.71 36.12 36.65 11.2M
Abbott Laboratories ABT 51.25 51.59 51.09 51.54 9.26M
Coca-Cola KO 58.28 58.64 58.00 58.52 9.22M
UnitedHealth Group UNH 33.99 34.64 33.80 34.49 8.94M
Bristol-Myers Squibb BMY 26.90 27.10 26.72 27.05 8.5M
Johnson & Johnson JNJ 59.94 60.00 59.77 59.98 8.36M
Chevron CVX 78.33 78.82 77.94 78.82 8.22M
Wal-Mart Stores WMT 51.90 52.07 51.72 51.97 8.16M
Visa V 66.84 68.48 66.68 68.09 7.85M
Schlumberger SLB 59.14 59.78 58.74 59.31 7.79M
McDonald's MCD 74.19 75.13 74.18 75.01 7.48M
Gilead Sciences GILD 34.20 34.57 33.97 34.39 7.45M
Procter & Gamble PG 60.51 60.63 60.28 60.40 7.38M
Walt Disney & Co. DIS 34.16 34.28 34.05 34.15 7.36M
Home Depot HD 29.48 29.78 29.45 29.68 7.33M
ConocoPhillips COP 55.22 55.30 54.68 54.75 7.32M
Amazon AMZN 140.75 142.60 140.04 142.44 5.04M
Amgen AMGN 53.86 54.62 53.70 54.35 4.86M
International Business Machines IBM 126.99 128.29 126.26 127.99 4.42M
Pepsico PEP 66.15 66.50 65.86 66.41 4.23M
Berkshire Hathaway BRK.B 82.17 82.72 82.06 82.72 3.96M
Alphabet GOOGL 479.02 479.79 475.08 476.14 3.94M
Boeing BA 63.38 64.10 62.96 63.84 3.21M
United Technologies UTX 68.90 69.15 68.48 68.89 3.03M
3M MMM 82.87 84.07 82.65 83.94 2.17M
Union Pacific UNP 78.85 79.50 78.53 78.73 2.06M
Exchange Rates of September 10, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 84.160 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.037 CAD 1 CAD = 0.964 USD
US Dollar Swiss Franc 1 USD = 1.019 CHF 1 CHF = 0.981 USD
US Dollar Chinese Yuan 1 USD = 6.770 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 106.710 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.826 GBP 1 GBP = 1.211 EUR
Euro Australian Dollar 1 EUR = 1.368 AUD 1 AUD = 0.731 EUR
Euro Canadian Dollar 1 EUR = 1.315 CAD 1 CAD = 0.761 EUR
Euro Swiss Franc 1 EUR = 1.293 CHF 1 CHF = 0.774 EUR
Euro Chinese Yuan 1 EUR = 8.583 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.773 GBP 1 GBP = 1.293 JPY
Japanese Yen Australian Dollar 1 JPY = 1.282 AUD 1 AUD = 0.780 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.231 CAD 1 CAD = 0.812 JPY
Japanese Yen Swiss Franc 1 JPY = 1.211 CHF 1 CHF = 0.826 JPY
Pound Sterling Australian Dollar 1 GBP = 1.657 AUD 1 AUD = 0.603 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.592 CAD 1 CAD = 0.628 GBP
Pound Sterling Swiss Franc 1 GBP = 1.566 CHF 1 CHF = 0.639 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.381 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.961 CAD 1 CAD = 1.041 AUD
Australian Dollar Swiss Franc 1 AUD = 0.944 CHF 1 CHF = 1.059 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.277 CNY 1 CNY = 0.159 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.983 CHF 1 CHF = 1.018 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.527 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.641 CNY 1 CNY = 0.151 CHF

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