Financial news on September 13th, 2010

Business and Financial news
Accounts and People of Note in the Ad Industry

Rob Bagot joined Eleven, San Francisco, in a new post, group creative director. Read more..

By THE NEW YORK TIMES - The New York Times

A Focus on Families (and Furniture)

Ikea is beginning a huge ad campaign based on the idea that having a custom home can improve a person’s life. Read more..

By TANZINA VEGA - The New York Times

Building the Bridges to a Sustainable Recovery

Spending cuts are making the fragile American recovery falter, even as the country’s infrastructure languishes and fails. Circumstances cry out for an immediate rebuilding effort. Read more..

By DEALBOOK - The New York Times

Funds Cut Net-Long Positions on Coffee

The red-hot coffee market may be cooling down soon as hedge funds pull back on bets that bean prices will go higher, Bloomberg News reported on Monday. Read more..

By DEALBOOK - The New York Times

Hedge Fund Group Defends High-Frequency Trades

The hedge fund industry’s main lobbying group is urging federal regulators not to crack down on high-frequency trading, saying proposed new rules would increase costs for all investors. Read more..

By DEALBOOK - The New York Times

H.P. to Buy ArcSight for $1.5 Billion

The deal is the latest by H.P. as it seeks to add to its computer services businesses. Read more..

By DEALBOOK - The New York Times

Leader Tries to Rally Greece for ‘Grueling’ Economic Battle

Prime Minister George Papandreou said over the weekend that Greece had won a “relentless and grueling” battle to avoid bankruptcy but more reforms must take place. Read more..

By NIKI KITSANTONIS - International Herald Tribune

Mapping Traffic’s Toll on Wildlife

Projects in California and Maine ask people to photograph and locate dead animals to understand the impact of roads on the environment. Read more..

By MALIA WOLLAN - The New York Times

Oil Bets Up for First Time in Five Weeks

Hedge funds and other large speculators raised bets on gains in oil prices for the first time in five weeks on renewed signs the United States economy is recovering from the worst recession since the 1930s, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Sanofi Said to Line Up $10 Billion in Loans for Genzyme

Sanofi-Aventis, France’s largest drug maker, arranged about $10 billion of underwritten loans to back its bid for the American biotechnology company Genzyme, two people familiar with the situation said. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20,9221,3420,8621,2662.4M
General ElectricGE16,1916,3116,0516,2556.3M
Oracle Corp.ORCL25,1425,4225,1125,1146.8M
JPMorgan ChaseJPM40,6441,4740,6441,1241.6M
Wells Fargo & Co.WFC26,3726,7926,2526,5039.6M
HP Inc.HPQ38,4538,5437,9738,2833.8M
AT&T Inc.T27,9928,0827,8027,9319.5M
Verizon CommunicationsVZ30,9931,0530,6130,9015M
Johnson & JohnsonJNJ60,0660,3859,9260,3210.7M
Abbott LaboratoriesABT51,7951,7951,2351,4510.2M
Home DepotHD29,9430,1529,7729,999.96M
Procter & GamblePG60,6560,7460,2260,489.81M
Bristol-Myers SquibbBMY27,1427,2026,9327,168.99M
Walt Disney & Co.DIS34,4234,6733,9234,278.83M
Wal-Mart StoresWMT52,2552,4752,0152,217.87M
Gilead SciencesGILD34,6434,6434,1334,397.29M
UnitedHealth GroupUNH34,7935,2834,6734,727.1M
Berkshire HathawayBRK.B82,9883,3782,7483,346.47M
International Business MachinesIBM128,63130,00128,52129,615.27M
United TechnologiesUTX69,3369,8068,2868,794.48M
Union PacificUNP79,6479,7878,7579,252.64M
Exchange Rates of September 13th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83,710 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,028 CAD1 CAD = 0,973 USD
US DollarSwiss Franc1 USD = 1,008 CHF1 CHF = 0,993 USD
US DollarChinese Yuan1 USD = 6,761 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 107,820 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,835 GBP1 GBP = 1,198 EUR
EuroAustralian Dollar1 EUR = 1,378 AUD1 AUD = 0,726 EUR
EuroCanadian Dollar1 EUR = 1,324 CAD1 CAD = 0,755 EUR
EuroSwiss Franc1 EUR = 1,297 CHF1 CHF = 0,771 EUR
EuroChinese Yuan1 EUR = 8,705 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,774 GBP1 GBP = 1,292 JPY
Japanese YenAustralian Dollar1 JPY = 1,277 AUD1 AUD = 0,783 JPY
Japanese YenCanadian Dollar1 JPY = 1,227 CAD1 CAD = 0,815 JPY
Japanese YenSwiss Franc1 JPY = 1,203 CHF1 CHF = 0,831 JPY
Pound SterlingAustralian Dollar1 GBP = 1,650 AUD1 AUD = 0,606 GBP
Pound SterlingCanadian Dollar1 GBP = 1,585 CAD1 CAD = 0,631 GBP
Pound SterlingSwiss Franc1 GBP = 1,554 CHF1 CHF = 0,644 GBP
Pound SterlingChinese Yuan1 GBP = 10,417 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,961 CAD1 CAD = 1,041 AUD
Australian DollarSwiss Franc1 AUD = 0,942 CHF1 CHF = 1,062 AUD
Australian DollarChinese Yuan1 AUD = 6,325 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 0,980 CHF1 CHF = 1,021 CAD
Canadian DollarChinese Yuan1 CAD = 6,580 CNY1 CNY = 0,152 CAD
Swiss FrancChinese Yuan1 CHF = 6,708 CNY1 CNY = 0,149 CHF

See what else happened on September 13th, 2010