Financial news on September 14, 2010

Business and Financial news
Apollo Deal Shows Buyout Firms’ Rebound

For a better understanding of how far private equity firms — and Apollo Global Management in particular — have rebounded from the crisis, look at the merger of Momentive and Hexion. Read more..

By PETER LATTMAN - The New York Times

BofA Hires 4 Bankers in Europe

Bank of America Merrill Lynch said on Tuesday that it had hired four bankers to its financial institutions group in Europe as it changes the team structure in the region to match that in the United States. Read more..

By JULIA WERDIGIER - The New York Times

Credit Suisse to Take Stake in York Capital

Credit Suisse said on Tuesday that it will buy a minority stake in York Capital Management, a hedge fund, for $425 million. Read more..

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

Drug for Irritable Bowel Achieves Goals in Trial

The developer, Ironwood Pharmaceuticals, said the drug, linaclotide, could be submitted for regulatory approval next year if it passes a second trial. Read more..

By ANDREW POLLACK - The New York Times

European Commission Raises Growth Forecast

The European Commission said that the recovery was starting to broaden and gave more positive assessments some for European countries. Read more..

By MATTHEW SALTMARSH - The New York Times

Google Buys Quiksee, an Israeli Start-Up

Google has acquired Israel-based Quiksee, which develops interactive video mapping technologies based on user-filmed videos, the companies said on Tuesday, Reuters reported. Read more..

By DEALBOOK - The New York Times

Leader Says China Needs to Stabilize Home Prices

China has been trying to tamp down property prices, which threaten to swell into a bubble that analysts warn could imperil the country’s economy. Read more..

By REUTERS - The New York Times

Nokia Executive to Leave; Hints of Chairman’s Exit

The head of the company’s smartphone business will be leaving, and the world’s largest maker of mobile phones confirmed that its chairman might step down in 2012. Read more..

By KEVIN J. O'BRIEN - The New York Times

S.E.C. Worries About Vanishing Market Makers

The Securities and Exchange Commission has spent 15 years remaking the stock market into 11 competing exchanges and hundreds of computer-driven traders. In the process it has virtually eliminated the traditional market makers who bought and sold stocks when no one else would. Read more..

By DEALBOOK - The New York Times

The Silver Lining in Those Ash Clouds

Travel managers, caught off guard by the delays caused by volcanic ash in the spring, are expanding their crisis procedures for employees. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21.3622.1721.2121.45109M
MicrosoftMSFT25.0425.3524.8925.0387.2M
IntelINTC18.5318.8018.3418.7464.5M
PfizerPFE16.9317.2216.9217.0851M
General ElectricGE16.1816.2816.1116.1648.2M
JPMorgan ChaseJPM40.9741.2340.4640.7242.8M
HP Inc.HPQ38.1540.0638.1539.2940.9M
ComcastCMCSA18.3618.4117.7817.7931.4M
Oracle Corp.ORCL25.0425.5825.0425.3831.3M
Wells Fargo & Co.WFC26.3026.3325.8926.0629.8M
AT&T Inc.T27.9428.1227.8827.9320.3M
ExxonMobilXOM60.8461.3460.7561.0118M
AppleAAPL266.21269.17265.52268.0614.6M
Home DepotHD30.0330.2329.8829.9714.1M
SchlumbergerSLB59.9859.9958.0458.8513.4M
MerckMRK36.1036.7036.0636.5212.9M
Verizon CommunicationsVZ30.8031.1530.6230.9112M
Abbott LaboratoriesABT51.4251.6351.1151.4111.6M
Wal-Mart StoresWMT52.1653.0352.1552.6611.2M
Procter & GamblePG60.3960.9460.3260.6411M
Bristol-Myers SquibbBMY27.1527.2026.7826.9611M
AltriaMO23.3923.6523.2623.5110.6M
Coca-ColaKO57.8558.1257.5557.5910.5M
Johnson & JohnsonJNJ60.4360.9760.2560.589.91M
VisaV65.6367.9565.5567.129.9M
UnitedHealth GroupUNH34.0135.0033.9834.618.72M
ChevronCVX79.2579.9879.1879.518.45M
Walt Disney & Co.DIS34.2334.2333.7234.057.76M
ConocoPhillipsCOP55.1555.7254.8855.377.61M
Gilead SciencesGILD34.2234.6134.2234.517.32M
McDonald'sMCD74.4774.5773.8173.946.54M
AmgenAMGN54.2054.9754.1254.526.37M
BoeingBA64.0264.3562.4362.766.03M
Berkshire HathawayBRK.B83.2683.5882.9083.055.47M
International Business MachinesIBM128.43129.92128.43128.854.85M
AlphabetGOOGL482.01484.75480.08480.434.43M
AmazonAMZN144.50146.70143.83145.754.32M
PepsicoPEP66.1766.3665.9365.984.15M
United TechnologiesUTX68.7269.3168.3668.723.47M
3MMMM84.6885.0084.0284.633.32M
Union PacificUNP78.9180.1778.6679.702.79M
Exchange Rates of September 14, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83.020 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.028 CAD1 CAD = 0.973 USD
US DollarSwiss Franc1 USD = 0.996 CHF1 CHF = 1.004 USD
US DollarChinese Yuan1 USD = 6.744 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 107.830 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.836 GBP1 GBP = 1.196 EUR
EuroAustralian Dollar1 EUR = 1.383 AUD1 AUD = 0.723 EUR
EuroCanadian Dollar1 EUR = 1.335 CAD1 CAD = 0.749 EUR
EuroSwiss Franc1 EUR = 1.293 CHF1 CHF = 0.773 EUR
EuroChinese Yuan1 EUR = 8.762 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.775 GBP1 GBP = 1.290 JPY
Japanese YenAustralian Dollar1 JPY = 1.282 AUD1 AUD = 0.780 JPY
Japanese YenCanadian Dollar1 JPY = 1.238 CAD1 CAD = 0.808 JPY
Japanese YenSwiss Franc1 JPY = 1.200 CHF1 CHF = 0.834 JPY
Pound SterlingAustralian Dollar1 GBP = 1.654 AUD1 AUD = 0.605 GBP
Pound SterlingCanadian Dollar1 GBP = 1.597 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.547 CHF1 CHF = 0.646 GBP
Pound SterlingChinese Yuan1 GBP = 10.467 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.965 CAD1 CAD = 1.036 AUD
Australian DollarSwiss Franc1 AUD = 0.935 CHF1 CHF = 1.069 AUD
Australian DollarChinese Yuan1 AUD = 6.336 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 0.969 CHF1 CHF = 1.032 CAD
Canadian DollarChinese Yuan1 CAD = 6.561 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.769 CNY1 CNY = 0.148 CHF

See what else happened on September 14, 2010