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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 21.36 22.17 21.21 21.45 109M
Microsoft MSFT 25.04 25.35 24.89 25.03 87.2M
Intel INTC 18.53 18.80 18.34 18.74 64.5M
Pfizer PFE 16.93 17.22 16.92 17.08 51M
General Electric GE 16.18 16.28 16.11 16.16 48.2M
JPMorgan Chase JPM 40.97 41.23 40.46 40.72 42.8M
HP Inc. HPQ 38.15 40.06 38.15 39.29 40.9M
Comcast CMCSA 18.36 18.41 17.78 17.79 31.4M
Oracle Corp. ORCL 25.04 25.58 25.04 25.38 31.3M
Wells Fargo & Co. WFC 26.30 26.33 25.89 26.06 29.8M
AT&T Inc. T 27.94 28.12 27.88 27.93 20.3M
ExxonMobil XOM 60.84 61.34 60.75 61.01 18M
Apple AAPL 266.21 269.17 265.52 268.06 14.6M
Home Depot HD 30.03 30.23 29.88 29.97 14.1M
Schlumberger SLB 59.98 59.99 58.04 58.85 13.4M
Merck MRK 36.10 36.70 36.06 36.52 12.9M
Verizon Communications VZ 30.80 31.15 30.62 30.91 12M
Abbott Laboratories ABT 51.42 51.63 51.11 51.41 11.6M
Wal-Mart Stores WMT 52.16 53.03 52.15 52.66 11.2M
Procter & Gamble PG 60.39 60.94 60.32 60.64 11M
Bristol-Myers Squibb BMY 27.15 27.20 26.78 26.96 11M
Altria MO 23.39 23.65 23.26 23.51 10.6M
Coca-Cola KO 57.85 58.12 57.55 57.59 10.5M
Johnson & Johnson JNJ 60.43 60.97 60.25 60.58 9.91M
Visa V 65.63 67.95 65.55 67.12 9.9M
UnitedHealth Group UNH 34.01 35.00 33.98 34.61 8.72M
Chevron CVX 79.25 79.98 79.18 79.51 8.45M
Walt Disney & Co. DIS 34.23 34.23 33.72 34.05 7.76M
ConocoPhillips COP 55.15 55.72 54.88 55.37 7.61M
Gilead Sciences GILD 34.22 34.61 34.22 34.51 7.32M
McDonald's MCD 74.47 74.57 73.81 73.94 6.54M
Amgen AMGN 54.20 54.97 54.12 54.52 6.37M
Boeing BA 64.02 64.35 62.43 62.76 6.03M
Berkshire Hathaway BRK.B 83.26 83.58 82.90 83.05 5.47M
International Business Machines IBM 128.43 129.92 128.43 128.85 4.85M
Alphabet GOOGL 482.01 484.75 480.08 480.43 4.43M
Amazon AMZN 144.50 146.70 143.83 145.75 4.32M
Pepsico PEP 66.17 66.36 65.93 65.98 4.15M
United Technologies UTX 68.72 69.31 68.36 68.72 3.47M
3M MMM 84.68 85.00 84.02 84.63 3.32M
Union Pacific UNP 78.91 80.17 78.66 79.70 2.79M
Exchange Rates of September 14, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 83.020 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.028 CAD 1 CAD = 0.973 USD
US Dollar Swiss Franc 1 USD = 0.996 CHF 1 CHF = 1.004 USD
US Dollar Chinese Yuan 1 USD = 6.744 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 107.830 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.836 GBP 1 GBP = 1.196 EUR
Euro Australian Dollar 1 EUR = 1.383 AUD 1 AUD = 0.723 EUR
Euro Canadian Dollar 1 EUR = 1.335 CAD 1 CAD = 0.749 EUR
Euro Swiss Franc 1 EUR = 1.293 CHF 1 CHF = 0.773 EUR
Euro Chinese Yuan 1 EUR = 8.762 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.775 GBP 1 GBP = 1.290 JPY
Japanese Yen Australian Dollar 1 JPY = 1.282 AUD 1 AUD = 0.780 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.238 CAD 1 CAD = 0.808 JPY
Japanese Yen Swiss Franc 1 JPY = 1.200 CHF 1 CHF = 0.834 JPY
Pound Sterling Australian Dollar 1 GBP = 1.654 AUD 1 AUD = 0.605 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.597 CAD 1 CAD = 0.626 GBP
Pound Sterling Swiss Franc 1 GBP = 1.547 CHF 1 CHF = 0.646 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.467 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.965 CAD 1 CAD = 1.036 AUD
Australian Dollar Swiss Franc 1 AUD = 0.935 CHF 1 CHF = 1.069 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.336 CNY 1 CNY = 0.158 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.969 CHF 1 CHF = 1.032 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.561 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.769 CNY 1 CNY = 0.148 CHF

See what else happened on September 14, 2010