Financial news on October 12, 2010

Business and Financial news
Analysis: A Foreclosure Tightrope for Democrats

The swelling outcry over fast-and-loose foreclosures has thrust the Obama administration back into the uncomfortable position of sheltering the banking industry from the demands of an angry public. Read more..

By DEALBOOK - The New York Times

Citi Cuts Foreclosure Work With Investigated Firm

Citigroup said it stopped steering foreclosure work to a Florida law firm whose court filings to support home seizures are under investigation by the state’s attorney general, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Dodd Backs Warren for Consumer Bureau, but…

Senator Christopher J. Dodd expects the White House to nominate a director for the new Consumer Finance Protection Bureau in the coming days, but he doubted the nominee would be confirmed before next year. Read more..

By CYRUS SANATI - The New York Times

Fed Official Concedes Risk of Low Rates, but Signals No Shift

Janet L. Yellen acknowledged risk but did not say that it should deter the Fed from resuming purchases of government debt to prop up the flagging recovery. Read more..

By SEWELL CHAN - The New York Times

More Retail Buyout Chatter: Is OfficeMax Next?

Shares of OfficeMax climbed as much as 10 percent on Tuesday after analysts at JPMorgan Chase suggested that the office supply chain could be a good target for a buyout. Read more..

By THOMAS KAPLAN - The New York Times

Ohio Attorney General Fights Against Wall Street

Richard Cordray is giving full throat to popular outrage by suing firms involved in the financial crisis. Read more..

By MICHAEL POWELL - The New York Times

Rival Bidders Join to Buy Sea Island for $212 Million

Competing bidders negotiated a deal to jointly buy the Sea Island Company for $212.4 million at an auction intended to settle the Georgia luxury resort operator’s bankruptcy case. Read more..

By DEALBOOK - The New York Times

Varvatos Said to Seek Buyers

The hip menswear label is in talks with potential buyers about taking over the company and helping pay off its debt, The New York Post reported Tuesday. Read more..

By DEALBOOK - The New York Times

What Entrepreneurs Want

What do entrepreneurs want? Just enough money, delivered right when the business needs it, according to a survey commissioned by the Palo Alto office of international law firm Dorsey & Whitney. Read more..

By DEALBOOK - The New York Times

Who’s the Unnamed and Frustrated Wall St. Chief?

A Dealbreaker blind item about an unnamed Wall Street chief has people guessing: Which bank head thinks the Treasury secretary is “helpless?” 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 19.65 19.80 19.44 19.77 94.7M
General Electric GE 16.97 17.30 16.94 17.19 64.8M
Microsoft MSFT 24.65 24.93 24.43 24.83 50.1M
Pfizer PFE 17.49 17.54 17.27 17.48 45.9M
JPMorgan Chase JPM 39.47 40.49 39.47 40.40 38.8M
Wells Fargo & Co. WFC 25.44 26.04 25.30 25.98 37.3M
Cisco Systems CSCO 22.38 22.75 22.27 22.62 35.3M
Abbott Laboratories ABT 52.80 53.62 52.71 53.51 35M
Oracle Corp. ORCL 27.75 28.00 27.41 27.95 27.6M
Procter & Gamble PG 62.01 62.18 61.56 62.02 25M
AT&T Inc. T 28.27 28.50 28.13 28.39 24.3M
Verizon Communications VZ 32.45 32.64 32.20 32.54 23.9M
ExxonMobil XOM 64.31 64.89 63.93 64.70 20.7M
Apple AAPL 295.41 299.50 292.49 298.54 19.9M
Wal-Mart Stores WMT 54.45 54.45 53.75 53.92 15M
HP Inc. HPQ 41.18 41.55 40.89 41.35 15M
Comcast CMCSA 17.93 18.05 17.72 18.02 13.3M
Altria MO 24.41 24.61 24.31 24.54 12.6M
Home Depot HD 31.74 31.78 31.25 31.41 12.5M
Schlumberger SLB 63.16 63.23 61.97 62.66 12M
Merck MRK 36.67 36.82 36.32 36.64 11M
ConocoPhillips COP 59.54 59.82 58.89 59.61 11M
Walt Disney & Co. DIS 34.36 34.61 33.96 34.48 9.08M
Johnson & Johnson JNJ 63.13 63.44 62.97 63.29 8.71M
Chevron CVX 83.36 84.18 82.63 83.84 8.53M
Coca-Cola KO 59.34 59.80 59.34 59.60 8.08M
Bristol-Myers Squibb BMY 27.28 27.48 27.10 27.23 7.96M
Pepsico PEP 65.29 66.47 65.00 66.08 7.81M
Gilead Sciences GILD 35.96 36.29 35.71 36.11 7.78M
Alphabet GOOGL 540.12 545.99 537.79 541.39 7.5M
UnitedHealth Group UNH 34.52 35.06 34.44 35.02 6.77M
Amgen AMGN 55.77 56.12 55.48 55.94 6.27M
International Business Machines IBM 138.40 139.99 138.27 139.85 5.64M
Amazon AMZN 152.51 156.95 151.40 156.48 5.28M
McDonald's MCD 75.71 75.82 74.88 75.58 4.7M
Boeing BA 70.16 70.60 68.91 70.22 4.38M
Union Pacific UNP 84.48 84.48 82.76 83.46 3.95M
United Technologies UTX 72.60 73.27 71.80 72.98 3.94M
Berkshire Hathaway BRK.B 82.64 83.35 82.30 83.30 3.5M
Visa V 74.12 74.53 73.56 74.25 3.47M
3M MMM 87.92 88.54 86.78 88.15 2.5M
Exchange Rates of October 12, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.820 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.010 CAD 1 CAD = 0.990 USD
US Dollar Swiss Franc 1 USD = 0.957 CHF 1 CHF = 1.045 USD
US Dollar Chinese Yuan 1 USD = 6.674 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 113.860 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.880 GBP 1 GBP = 1.136 EUR
Euro Australian Dollar 1 EUR = 1.411 AUD 1 AUD = 0.709 EUR
Euro Canadian Dollar 1 EUR = 1.406 CAD 1 CAD = 0.711 EUR
Euro Swiss Franc 1 EUR = 1.332 CHF 1 CHF = 0.751 EUR
Euro Chinese Yuan 1 EUR = 9.287 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.773 GBP 1 GBP = 1.294 JPY
Japanese Yen Australian Dollar 1 JPY = 1.239 AUD 1 AUD = 0.807 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.234 CAD 1 CAD = 0.810 JPY
Japanese Yen Swiss Franc 1 JPY = 1.170 CHF 1 CHF = 0.855 JPY
Pound Sterling Australian Dollar 1 GBP = 1.603 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 = 1.513 CHF 1 CHF = 0.661 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.537 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.996 CAD 1 CAD = 1.004 AUD
Australian Dollar Swiss Franc 1 AUD = 0.944 CHF 1 CHF = 1.060 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.582 CNY 1 CNY = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.948 CHF 1 CHF = 1.055 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.608 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.970 CNY 1 CNY = 0.143 CHF

See what else happened on October 12, 2010