Financial news on October 11th, 2010

Business and Financial news
British Hedge Fund Boss Thinks Lloyds Is Better Bet

Crispin Odey, one of London’s most vocal hedge fund managers, is no longer enamored of Barclays and is now placing his bets on Lloyds Banking Group. Read more..

By DEALBOOK - The New York Times

Economists Share Nobel for Studying Job Market

Peter Diamond, Dale Mortensen and Christopher Pissarides won for work that helps explain mismatches in the employment market. Read more..


Ex-TV Cop’s New Role: Confidential Informant

The actor Larry Wilcox, who was accused last week of securities fraud for his role in a penny-stock scheme, agreed in July to go undercover to help federal prosecutors, according to a court filing. Read more..

By THOMAS KAPLAN - The New York Times

Finding Your Way Through the Mall or the Airport, With a Cellphone Map

Some start-up companies are charting the interiors of shopping malls, convention centers and airports to help cellphone users find their way. Read more..

By VERNE G. KOPYTOFF - The New York Times

Flash Trading: Driving the Leibowitzes Apart

The Leibowitz brothers — one a top executive at NYSE Euronext, the other Jon Stewart — have unsurprisingly divergent views on the controversial trading practice. Read more..

By DEALBOOK - The New York Times

France and Britain Closer to Hedge Fund Deal?

France is ready to drop objections to a key part of a law to tighten rules on hedge funds in exchange for concessions from London, moving to end a row that threatened to harm relations with Washington, Reuters reported. Read more..

By DEALBOOK - The New York Times

Morgenson: It’s Not Nice to Mess With J.R.

Larry Hagman, who played J. R. Ewing on “Dallas,” said he was surprised by the arbitration award he won in a dispute with Citigroup, but thought it was justified. Read more..

By DEALBOOK - The New York Times

News From the Advertising Industry

Account assignments, executive appointments and other developments at advertising agencies. Read more..

By STUART ELLIOTT - The New York Times

Short Attention Spans for Web Videos

On the Web, 19.4 percent of a video’s audience defects within the first 10 seconds. Read more..

By ALEX MINDLIN - The New York Times

What China Seeks in Chesapeake Shale Deal

China’s deal with Chesapeake Energy involves a potential transfer of technology and intellectual knowledge to Beijing that some people in Washington may find uncomfortable. Read more..

By CYRUS SANATI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.2417.2616.9216.9652.3M
Cisco SystemsCSCO22.4822.6522.3822.4728.4M
Wells Fargo & Co.WFC25.9626.1025.4625.6524.6M
JPMorgan ChaseJPM39.5239.9139.4039.7324.6M
Oracle Corp.ORCL27.9028.1027.7327.8522.6M
AT&T Inc.T28.1928.4528.1928.3214.4M
HP Inc.HPQ41.2541.3940.8241.2012.9M
Verizon CommunicationsVZ32.9033.2032.8433.0311.1M
Abbott LaboratoriesABT52.9052.9252.5852.8110.3M
Home DepotHD31.8931.8931.6331.798.36M
Procter & GamblePG61.9262.2161.8662.147.43M
Wal-Mart StoresWMT54.5254.7454.4354.617.04M
UnitedHealth GroupUNH34.0934.9034.0734.656.75M
Johnson & JohnsonJNJ63.2663.3163.0463.306.17M
Bristol-Myers SquibbBMY27.1427.5627.1427.365.8M
Gilead SciencesGILD36.2936.4336.0836.215.52M
Walt Disney & Co.DIS34.5234.7434.4334.575.35M
International Business MachinesIBM138.79139.94138.64139.664M
United TechnologiesUTX73.1173.1172.6172.932.45M
Berkshire HathawayBRK.B83.0583.3082.5882.951.96M
Union PacificUNP85.2385.7584.6085.061.62M
Exchange Rates of October 11th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82.070 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.014 CAD1 CAD = 0.987 USD
US DollarSwiss Franc1 USD = 0.964 CHF1 CHF = 1.037 USD
US DollarChinese Yuan1 USD = 6.669 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 113.920 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.145 EUR
EuroAustralian Dollar1 EUR = 1.411 AUD1 AUD = 0.709 EUR
EuroCanadian Dollar1 EUR = 1.406 CAD1 CAD = 0.711 EUR
EuroSwiss Franc1 EUR = 1.339 CHF1 CHF = 0.747 EUR
EuroChinese Yuan1 EUR = 9.253 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.767 GBP1 GBP = 1.304 JPY
Japanese YenAustralian Dollar1 JPY = 1.238 AUD1 AUD = 0.808 JPY
Japanese YenCanadian Dollar1 JPY = 1.235 CAD1 CAD = 0.810 JPY
Japanese YenSwiss Franc1 JPY = 1.175 CHF1 CHF = 0.851 JPY
Pound SterlingAustralian Dollar1 GBP = 1.615 AUD1 AUD = 0.619 GBP
Pound SterlingCanadian Dollar1 GBP = 1.610 CAD1 CAD = 0.621 GBP
Pound SterlingSwiss Franc1 GBP = 1.532 CHF1 CHF = 0.653 GBP
Pound SterlingChinese Yuan1 GBP = 10.579 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.997 CAD1 CAD = 1.003 AUD
Australian DollarSwiss Franc1 AUD = 0.948 CHF1 CHF = 1.055 AUD
Australian DollarChinese Yuan1 AUD = 6.556 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.951 CHF1 CHF = 1.051 CAD
Canadian DollarChinese Yuan1 CAD = 6.578 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.911 CNY1 CNY = 0.145 CHF

See what else happened on October 11th, 2010