Financial news on October 12, 2010
Business and Financial news
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..
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..
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..
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..
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..
Richard Cordray is giving full throat to popular outrage by suing firms involved in the financial crisis. Read more..
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..
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..
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..
A Dealbreaker blind item about an unnamed Wall Street chief has people guessing: Which bank head thinks the Treasury secretary is “helpless?” Read more..
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
Currencies | Exchange 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