Financial news on October 15, 2010

Business and Financial news
Dollar Dips as Indexes Pull Back

But some technology stocks rallied on takeover rumors and better earnings reports from companies like Google. Read more..

By BLOOMBERG NEWS - The New York Times

From a Maine House, a National Foreclosure Freeze

A volunteer’s work helped put one house at the center of a furor over foreclosures. Read more..

By DAVID STREITFELD - The New York Times

Growing Interest, Despite Questions, in Jon Stewart’s Rally

Whether the Rally to Restore Sanity is meant to be political or entertaining, it will be covered by most national news organizations and copied around the world. Read more..

By BILL CARTER - The New York Times

Last-Ditch Efforts in Dallas to Close Liverpool Deal

Liverpool F.C. fans are holding their breath as a Texas judge is set to decide Friday morning whether to lift his injunction against the sale of the soccer team. If he does, the deal would close within hours. Read more..

By CHRIS V. NICHOLSON - The New York Times

Madoff’s Palm Beach Home Close to Sale

The waterfront house belonging to the imprisoned financier and his wife, which has been on the market since September of last year, is under contract for an undisclosed sum. Read more..

By DEALBOOK - The New York Times

Medtronic to Settle Lawsuits Over Devices Tied to Deaths

The maker of heart devices agreed to pay $268 million to settle “virtually all” claims in the United States over defective defibrillator wires. Read more..

By BLOOMBERG NEWS - The New York Times

Post-Recalls, a New Way to Clean the Greens

After three recalls this year, Fresh Express has begun washing lettuce, spinach and other greens with a new mix that it said was far better at attacking bacteria. Read more..

By WILLIAM NEUMAN - The New York Times

Regulators Oppose BHP-Rio Joint Venture

Germany’s antitrust agency said Friday it had warned BHP Billiton and Rio Tinto that it planned to block their $116 billion joint venture to produce iron ore in Western Australia. Read more..

By JAMES KANTER - The New York Times

Republican Candidate Has Big Friend in Elliott

One in four dollars raised by Daniel M. Donovan Jr., the Republican candidate for New York attorney general, can be traced to Elliott Management, the $17 billion hedge fund whose chief has emerged as a staunch and influential defender of Wall Street. Read more..

By DEALBOOK - The New York Times

Settlement May Be Near in Countrywide Fraud Case

Talks over settling at least part of the securities fraud lawsuit filed by the Securities and Exchange Commission against three former executives of the Countrywide Financial Corporation have intensified, two people involved with the case said Thursday. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.7816.7916.1516.30205M
Wells Fargo & Co.WFC25.0025.0023.3723.58145M
JPMorgan ChaseJPM38.8738.9436.5437.15142M
Oracle Corp.ORCL28.4728.9128.1628.9054.8M
Cisco SystemsCSCO23.2423.4023.0023.3650.3M
AT&T Inc.T28.6828.7128.2028.3335.3M
Verizon CommunicationsVZ32.6832.8032.1732.4331.2M
HP Inc.HPQ42.3942.8442.1242.8223.6M
Bristol-Myers SquibbBMY27.6227.7227.1827.2019.5M
Abbott LaboratoriesABT53.3753.7553.1153.1716.5M
Gilead SciencesGILD37.2037.8437.0037.7313.8M
Johnson & JohnsonJNJ63.9864.0063.1463.5713.3M
Home DepotHD31.0031.0830.4230.7012.9M
Wal-Mart StoresWMT53.3653.5853.0253.3512.6M
Procter & GamblePG62.9763.0062.5562.769.94M
Walt Disney & Co.DIS35.0435.1534.5634.889.64M
UnitedHealth GroupUNH36.0136.2335.7735.987.83M
International Business MachinesIBM142.10142.10140.54141.067.22M
Berkshire HathawayBRK.B84.1184.2582.9783.375.86M
United TechnologiesUTX74.3474.8773.4074.104.67M
Union PacificUNP86.7686.9785.0085.212.88M
Exchange Rates of October 15, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.440 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.010 CAD1 CAD = 0.990 USD
US DollarSwiss Franc1 USD = 0.959 CHF1 CHF = 1.043 USD
US DollarChinese Yuan1 USD = 6.642 CNY1 CNY = 0.151 USD
EuroJapanese Yen1 EUR = 113.820 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.144 EUR
EuroAustralian Dollar1 EUR = 1.410 AUD1 AUD = 0.709 EUR
EuroCanadian Dollar1 EUR = 1.411 CAD1 CAD = 0.709 EUR
EuroSwiss Franc1 EUR = 1.340 CHF1 CHF = 0.746 EUR
EuroChinese Yuan1 EUR = 9.282 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.767 GBP1 GBP = 1.303 JPY
Japanese YenAustralian Dollar1 JPY = 1.238 AUD1 AUD = 0.808 JPY
Japanese YenCanadian Dollar1 JPY = 1.239 CAD1 CAD = 0.807 JPY
Japanese YenSwiss Franc1 JPY = 1.177 CHF1 CHF = 0.850 JPY
Pound SterlingAustralian Dollar1 GBP = 1.614 AUD1 AUD = 0.620 GBP
Pound SterlingCanadian Dollar1 GBP = 1.615 CAD1 CAD = 0.619 GBP
Pound SterlingSwiss Franc1 GBP = 1.533 CHF1 CHF = 0.652 GBP
Pound SterlingChinese Yuan1 GBP = 10.609 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 1.001 CAD1 CAD = 0.999 AUD
Australian DollarSwiss Franc1 AUD = 0.949 CHF1 CHF = 1.053 AUD
Australian DollarChinese Yuan1 AUD = 6.578 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.949 CHF1 CHF = 1.054 CAD
Canadian DollarChinese Yuan1 CAD = 6.576 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.927 CNY1 CNY = 0.144 CHF

See what else happened on October 15, 2010