Financial news on October 14, 2010
Business and Financial news
The officials are looking into accusations that some banks used shoddy paperwork to evict borrowers. Read more..
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..
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..
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..
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..
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..
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..
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..
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 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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.45||25.49||24.20||24.72||117M|
|Procter & Gamble||PG||62.67||62.84||62.52||62.80||8.77M|
|Johnson & Johnson||JNJ||63.79||63.80||63.39||63.74||8.63M|
|Walt Disney & Co.||DIS||34.79||34.95||34.58||34.85||7.36M|
|International Business Machines||IBM||140.35||141.50||139.69||141.50||5.65M|
Exchange Rates of October 14, 2010
|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|