Financial news on October 14, 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..

By LOUISE STORY and PETER LATTMAN - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 25.45 25.49 24.20 24.72 117M
JPMorgan Chase JPM 39.25 39.38 38.10 38.72 76.5M
Intel INTC 19.31 19.46 19.20 19.32 59.3M
General Electric GE 17.39 17.39 16.97 17.16 57.9M
Microsoft MSFT 25.29 25.34 25.00 25.23 51.9M
Cisco Systems CSCO 23.26 23.30 22.85 23.07 38.8M
Oracle Corp. ORCL 28.66 28.70 28.11 28.33 38.1M
Pfizer PFE 17.74 17.83 17.57 17.66 35.2M
Comcast CMCSA 18.12 18.49 18.11 18.38 20.1M
Verizon Communications VZ 32.36 32.67 32.29 32.44 18M
AT&T Inc. T 28.49 28.63 28.35 28.50 17.8M
ExxonMobil XOM 65.05 65.45 64.87 65.30 17.8M
Wal-Mart Stores WMT 53.87 53.87 52.93 53.25 15.5M
Apple AAPL 301.69 302.47 300.40 302.31 15.5M
HP Inc. HPQ 42.20 42.34 41.80 42.13 15M
Alphabet GOOGL 544.18 545.25 537.11 540.93 13.3M
Abbott Laboratories ABT 53.21 53.27 52.82 53.21 12.4M
Home Depot HD 31.07 31.19 30.51 30.81 11.2M
ConocoPhillips COP 60.27 60.66 59.95 60.32 10.3M
UnitedHealth Group UNH 35.26 36.26 35.23 35.78 10.3M
Merck MRK 37.27 37.38 36.84 37.15 9.54M
Amgen AMGN 55.11 55.50 54.60 54.86 9.06M
Procter & Gamble PG 62.67 62.84 62.52 62.80 8.77M
Gilead Sciences GILD 36.82 37.18 36.66 36.79 8.77M
Johnson & Johnson JNJ 63.79 63.80 63.39 63.74 8.63M
Bristol-Myers Squibb BMY 27.41 27.65 27.35 27.51 8.22M
Altria MO 24.66 24.85 24.63 24.80 8.17M
Schlumberger SLB 64.73 64.98 63.70 64.26 8.01M
Walt Disney & Co. DIS 34.79 34.95 34.58 34.85 7.36M
Coca-Cola KO 59.94 59.98 59.68 59.91 7.25M
Chevron CVX 83.65 83.92 82.96 83.90 6.72M
McDonald's MCD 75.77 77.09 75.67 77.04 6.62M
Pepsico PEP 66.45 66.84 66.45 66.64 6.16M
International Business Machines IBM 140.35 141.50 139.69 141.50 5.65M
Visa V 76.66 77.73 76.29 77.17 5.33M
Berkshire Hathaway BRK.B 83.79 84.45 83.19 83.61 5.26M
United Technologies UTX 74.19 74.20 73.40 74.15 4.85M
Amazon AMZN 155.16 156.95 154.23 155.53 4.02M
Union Pacific UNP 86.40 86.53 84.97 86.13 3.96M
Boeing BA 71.73 72.00 70.85 71.36 3.84M
3M MMM 89.15 89.26 88.36 89.07 2.31M
Exchange Rates of October 14, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.430 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.004 CAD 1 CAD = 0.996 USD
US Dollar Swiss Franc 1 USD = 0.953 CHF 1 CHF = 1.050 USD
US Dollar Chinese Yuan 1 USD = 6.652 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 114.680 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.879 GBP 1 GBP = 1.137 EUR
Euro Australian Dollar 1 EUR = 1.416 AUD 1 AUD = 0.706 EUR
Euro Canadian Dollar 1 EUR = 1.414 CAD 1 CAD = 0.707 EUR
Euro Swiss Franc 1 EUR = 1.342 CHF 1 CHF = 0.745 EUR
Euro Chinese Yuan 1 EUR = 9.364 CNY 1 CNY = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.767 GBP 1 GBP = 1.304 JPY
Japanese Yen Australian Dollar 1 JPY = 1.235 AUD 1 AUD = 0.810 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.233 CAD 1 CAD = 0.811 JPY
Japanese Yen Swiss Franc 1 JPY = 1.170 CHF 1 CHF = 0.855 JPY
Pound Sterling Australian Dollar 1 GBP = 1.611 AUD 1 AUD = 0.621 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.608 CAD 1 CAD = 0.622 GBP
Pound Sterling Swiss Franc 1 GBP = 1.525 CHF 1 CHF = 0.656 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.635 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.998 CAD 1 CAD = 1.002 AUD
Australian Dollar Swiss Franc 1 AUD = 0.947 CHF 1 CHF = 1.056 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.610 CNY 1 CNY = 0.151 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.948 CHF 1 CHF = 1.055 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.624 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.978 CNY 1 CNY = 0.143 CHF

See what else happened on October 14, 2010