Financial news on October 14th, 2010

Business and Financial news
All 50 States Start Inquiry Into Foreclosures

The officials are looking into accusations that some banks used shoddy paperwork to evict borrowers. Read more..

By ANDREW MARTIN - The New York Times

An Odd Couple: Yahoo and Goldman

Yahoo has been meeting with Goldman Sachs in case it receives an offer. That is the same banking adviser that led Yahoo to one of its greatest missteps in its history in spurning Microsoft. Read more..

By ANDREW ROSS SORKIN - The New York Times

ChaCha Takes $20 Million

ChaCha, a start-up that answers questions on your computer or phone, has raised $20 million in a sixth round of financing from VantagePoint Venture Partners and Rho Ventures. Read more..

By DEALBOOK - The New York Times

Financier Is Said to Accept a Ban in Pension Case

Steven Rattner, who oversaw the Obama administration’s auto-industry overhaul, will accept a ban from the securities industry and pay a fine of more than $5 million, a person with knowledge of the talks said. Read more..


India a Hit for Foreign Investors

Foreign investment has been a boon for Indian companies, as well as the Indian government, which has been selling shares in state-owned firms. Read more..

By DEALBOOK - The New York Times

Man Group Sews Up Deal for GLG Partners

Man Group said Thursday that it had completed its acquisition of GLG Partners, giving the world’s largest publicly traded hedge-fund manager a total of $63 billion of assets under management. Read more..

By DEALBOOK - The New York Times

New York Judge Dismisses Lawsuit Against Countrywide

A judge in New York has dismissed a lawsuit brought by investors who sought to compel Countrywide Financial and two subsidiaries to buy back home loans it modified. Read more..

By DEALBOOK - The New York Times

Oslo Court Sentences Traders for Beating Machine

An Oslo court fined and sentenced two Norwegian day traders under the country’s securities trading act for unlawful market manipulation in a ground-breaking case that pits human investors against the automatic wagers of algorithms. Read more..

By CHRIS V. NICHOLSON - The New York Times

UBS Explains Position on Former Execs

UBS, the giant Swiss bank, has rebuffed shareholders eager to sue former management for the excesses that led up to the subprime and financial crises. Read more..

By DEALBOOK - The New York Times

Yahoo Sale Speculation Loses Steam

By the end of Thursday, it appears that investors and analysts alike had lost their optimism about a potential (and potentially complicated) Yahoo-AOL-private-equity deal. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25.4525.4924.2024.72117M
JPMorgan ChaseJPM39.2539.3838.1038.7276.5M
General ElectricGE17.3917.3916.9717.1657.9M
Cisco SystemsCSCO23.2623.3022.8523.0738.8M
Oracle Corp.ORCL28.6628.7028.1128.3338.1M
Verizon CommunicationsVZ32.3632.6732.2932.4418M
AT&T Inc.T28.4928.6328.3528.5017.8M
Wal-Mart StoresWMT53.8753.8752.9353.2515.5M
HP Inc.HPQ42.2042.3441.8042.1315M
Abbott LaboratoriesABT53.2153.2752.8253.2112.4M
Home DepotHD31.0731.1930.5130.8111.2M
UnitedHealth GroupUNH35.2636.2635.2335.7810.3M
Procter & GamblePG62.6762.8462.5262.808.77M
Gilead SciencesGILD36.8237.1836.6636.798.77M
Johnson & JohnsonJNJ63.7963.8063.3963.748.63M
Bristol-Myers SquibbBMY27.4127.6527.3527.518.22M
Walt Disney & Co.DIS34.7934.9534.5834.857.36M
International Business MachinesIBM140.35141.50139.69141.505.65M
Berkshire HathawayBRK.B83.7984.4583.1983.615.26M
United TechnologiesUTX74.1974.2073.4074.154.85M
Union PacificUNP86.4086.5384.9786.133.96M
Exchange Rates of October 14th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.430 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.004 CAD1 CAD = 0.996 USD
US DollarSwiss Franc1 USD = 0.953 CHF1 CHF = 1.050 USD
US DollarChinese Yuan1 USD = 6.652 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 114.680 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.879 GBP1 GBP = 1.137 EUR
EuroAustralian Dollar1 EUR = 1.416 AUD1 AUD = 0.706 EUR
EuroCanadian Dollar1 EUR = 1.414 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.342 CHF1 CHF = 0.745 EUR
EuroChinese Yuan1 EUR = 9.364 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.767 GBP1 GBP = 1.304 JPY
Japanese YenAustralian Dollar1 JPY = 1.235 AUD1 AUD = 0.810 JPY
Japanese YenCanadian Dollar1 JPY = 1.233 CAD1 CAD = 0.811 JPY
Japanese YenSwiss Franc1 JPY = 1.170 CHF1 CHF = 0.855 JPY
Pound SterlingAustralian Dollar1 GBP = 1.611 AUD1 AUD = 0.621 GBP
Pound SterlingCanadian Dollar1 GBP = 1.608 CAD1 CAD = 0.622 GBP
Pound SterlingSwiss Franc1 GBP = 1.525 CHF1 CHF = 0.656 GBP
Pound SterlingChinese Yuan1 GBP = 10.635 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.998 CAD1 CAD = 1.002 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Australian DollarChinese Yuan1 AUD = 6.610 CNY1 CNY = 0.151 AUD
Canadian DollarSwiss Franc1 CAD = 0.948 CHF1 CHF = 1.055 CAD
Canadian DollarChinese Yuan1 CAD = 6.624 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.978 CNY1 CNY = 0.143 CHF

See what else happened on October 14th, 2010