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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC17,9518,1017,8417,9768.8M
MicrosoftMSFT23,9824,0323,7923,8558.3M
Cisco SystemsCSCO20,6320,6820,3220,6248.4M
General ElectricGE15,9616,0815,8115,9846.6M
Oracle Corp.ORCL24,4225,1524,3825,0544.3M
PfizerPFE16,8417,0016,8116,9942M
HP Inc.HPQ38,7838,8338,0838,2822.8M
JPMorgan ChaseJPM39,9240,2539,6739,7621.9M
Wells Fargo & Co.WFC25,8325,9725,6725,7519.9M
AT&T Inc.T27,8827,9227,6327,8319.7M
ComcastCMCSA18,0518,4917,9918,4017.4M
ExxonMobilXOM61,3861,4860,9561,2014.5M
AltriaMO23,7423,9423,7023,8413.8M
AppleAAPL263,19264,50261,40263,4113.8M
Verizon CommunicationsVZ30,8530,9430,7830,8211.6M
MerckMRK36,1436,7136,1236,6511.2M
Abbott LaboratoriesABT51,2551,5951,0951,549.26M
Coca-ColaKO58,2858,6458,0058,529.22M
UnitedHealth GroupUNH33,9934,6433,8034,498.94M
Bristol-Myers SquibbBMY26,9027,1026,7227,058.5M
Johnson & JohnsonJNJ59,9460,0059,7759,988.36M
ChevronCVX78,3378,8277,9478,828.22M
Wal-Mart StoresWMT51,9052,0751,7251,978.16M
VisaV66,8468,4866,6868,097.85M
SchlumbergerSLB59,1459,7858,7459,317.79M
McDonald'sMCD74,1975,1374,1875,017.48M
Gilead SciencesGILD34,2034,5733,9734,397.45M
Procter & GamblePG60,5160,6360,2860,407.38M
Walt Disney & Co.DIS34,1634,2834,0534,157.36M
Home DepotHD29,4829,7829,4529,687.33M
ConocoPhillipsCOP55,2255,3054,6854,757.32M
AmazonAMZN140,75142,60140,04142,445.04M
AmgenAMGN53,8654,6253,7054,354.86M
International Business MachinesIBM126,99128,29126,26127,994.42M
PepsicoPEP66,1566,5065,8666,414.23M
Berkshire HathawayBRK.B82,1782,7282,0682,723.96M
AlphabetGOOGL479,02479,79475,08476,143.94M
BoeingBA63,3864,1062,9663,843.21M
United TechnologiesUTX68,9069,1568,4868,893.03M
3MMMM82,8784,0782,6583,942.17M
Union PacificUNP78,8579,5078,5378,732.06M
Exchange Rates of September 10, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84,160 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,037 CAD1 CAD = 0,964 USD
US DollarSwiss Franc1 USD = 1,019 CHF1 CHF = 0,981 USD
US DollarChinese Yuan1 USD = 6,770 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 106,710 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,826 GBP1 GBP = 1,211 EUR
EuroAustralian Dollar1 EUR = 1,368 AUD1 AUD = 0,731 EUR
EuroCanadian Dollar1 EUR = 1,315 CAD1 CAD = 0,761 EUR
EuroSwiss Franc1 EUR = 1,293 CHF1 CHF = 0,774 EUR
EuroChinese Yuan1 EUR = 8,583 CNY1 CNY = 0,117 EUR
Japanese YenPound Sterling1 JPY = 0,773 GBP1 GBP = 1,293 JPY
Japanese YenAustralian Dollar1 JPY = 1,282 AUD1 AUD = 0,780 JPY
Japanese YenCanadian Dollar1 JPY = 1,231 CAD1 CAD = 0,812 JPY
Japanese YenSwiss Franc1 JPY = 1,211 CHF1 CHF = 0,826 JPY
Pound SterlingAustralian Dollar1 GBP = 1,657 AUD1 AUD = 0,603 GBP
Pound SterlingCanadian Dollar1 GBP = 1,592 CAD1 CAD = 0,628 GBP
Pound SterlingSwiss Franc1 GBP = 1,566 CHF1 CHF = 0,639 GBP
Pound SterlingChinese Yuan1 GBP = 10,381 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,961 CAD1 CAD = 1,041 AUD
Australian DollarSwiss Franc1 AUD = 0,944 CHF1 CHF = 1,059 AUD
Australian DollarChinese Yuan1 AUD = 6,277 CNY1 CNY = 0,159 AUD
Canadian DollarSwiss Franc1 CAD = 0,983 CHF1 CHF = 1,018 CAD
Canadian DollarChinese Yuan1 CAD = 6,527 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,641 CNY1 CNY = 0,151 CHF

See what else happened on September 10, 2010