Financial news on September 15, 2010

Business and Financial news
Air Products Slate Wins Seats on Airgas Board

Air Products’ three nominees won election to the board of Airgas, signaling shareholder support of its takeover bid. Read more..

By DEALBOOK - The New York Times

China's Young Workers

Workers at a Honda manufacturing plant in China have gone on strike against the company. Battling low pay and an increased work load, the young employees hope to improve their frugal lives. Read more..

Jimmy Wang - The New York Times

China to Allow Limited Credit Default Swaps

China will introduce credit-default swaps by year-end, allowing banks to hedge risk while restricting the contracts to avoid pitfalls the U.S. credit markets experienced over the last several years. Read more..

By DEALBOOK - The New York Times

Citi Said to Tap Fund Executive for Private Bank Post

Citigroup’s private bank has hired a Union Bancaire Privee hedge fund executive as head of management investments and advisory for Asia-Pacific, Reuters reported, citing an internal memo. Read more..

By DEALBOOK - The New York Times

Geithner to Signal Tougher Stance on China Currency

The treasury secretary plans to testify on Thursday that China has kept the value of its currency artificially low. Read more..

By SEWELL CHAN - The New York Times

Inquiry Focuses on White House Role in Preserving Union Pensions at Delphi

Unionized and white-collar workers earned pensions while at a G.M. spinoff, but when the government took over their failing pension plans, only the union retirees were spared. Read more..

By MARY WILLIAMS WALSH - The New York Times

Lehman: Back in Business?

Lehman Brothers is a business again two years after declaring the biggest bankruptcy in history, with billions of dollars in cash, 500 employees, real estate and investments in other bankruptcies, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

Morgan Stanley Sued by Taiwan Bank

Taiwan’s China Development Industrial Bank (CDIB) has sued Morgan Stanley in a U.S. court to recover millions of dollars in losses it suffered from its investment in a residential mortgage product. Read more..

By DEALBOOK - The New York Times

Northern Ireland Militants Issue Warning to Bankers

Northern Irish militant group the Real I.R.A. have issued a warning against all banks and bankers, labelling them “criminals,” leaders of the organization told the Guardian in an interview. Read more..

By DEALBOOK - The New York Times

Salmonella at Egg Farm Traced to 2008

An Iowa farm received hundreds of positive results for salmonella in the two years before its eggs sickened more than 1,500 people, investigators said. Read more..

By GARDINER HARRIS and WILLIAM NEUMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,0716,4715,9716,3468.6M
Cisco SystemsCSCO21,5421,8621,4921,5960.9M
MicrosoftMSFT25,1025,2224,9225,1256.2M
IntelINTC18,7318,7718,5418,7256.1M
PfizerPFE17,0717,3617,0317,2755.2M
ComcastCMCSA17,6818,4117,5018,0445.5M
Oracle Corp.ORCL25,2725,7925,1725,7437.6M
Wells Fargo & Co.WFC25,7226,4425,6126,3432.6M
JPMorgan ChaseJPM40,5141,1440,3440,9825.4M
HP Inc.HPQ39,3040,0439,1439,6224.1M
AT&T Inc.T27,9128,1527,7828,0119.2M
ExxonMobilXOM60,7661,0360,3661,0018.8M
Verizon CommunicationsVZ30,9031,2130,7531,1915.8M
SchlumbergerSLB58,5259,4357,2858,1915.8M
AppleAAPL268,17270,38267,84270,2215.3M
MerckMRK36,5236,8736,2436,5111.5M
UnitedHealth GroupUNH34,5034,6033,9734,2711.2M
VisaV67,7269,5067,6068,9310.8M
AltriaMO23,4723,7823,4023,6810.6M
Wal-Mart StoresWMT52,4753,1052,4152,8610.2M
Home DepotHD29,7830,0129,6529,949.8M
Abbott LaboratoriesABT51,3651,7551,1551,669.56M
Procter & GamblePG60,5661,4160,5361,119.19M
Johnson & JohnsonJNJ60,6761,1560,5061,059.11M
Coca-ColaKO57,3757,6057,2257,428.7M
ConocoPhillipsCOP55,0755,6354,7355,568.7M
Bristol-Myers SquibbBMY26,9227,0826,8027,018.57M
Walt Disney & Co.DIS34,0134,4233,8834,217.26M
ChevronCVX79,0679,3378,5279,217.24M
Gilead SciencesGILD34,5834,8934,2834,845.57M
AmgenAMGN54,2255,4154,0755,305.08M
BoeingBA62,4962,7961,8962,734.93M
AmazonAMZN144,88145,62143,56145,454.9M
AlphabetGOOGL479,95481,89478,50480,644.8M
International Business MachinesIBM128,65129,96128,54129,434.76M
PepsicoPEP65,8366,5465,7666,504.74M
McDonald'sMCD73,7274,8373,7174,714.55M
Berkshire HathawayBRK.B82,9883,5482,3483,484.44M
United TechnologiesUTX68,7068,7068,0568,273.69M
Union PacificUNP79,1480,1578,8779,083.51M
3MMMM84,4784,7583,6284,582.18M
Exchange Rates of September 15, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,740 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,026 CAD1 CAD = 0,975 USD
US DollarSwiss Franc1 USD = 1,003 CHF1 CHF = 0,997 USD
US DollarChinese Yuan1 USD = 6,739 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 111,560 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,832 GBP1 GBP = 1,201 EUR
EuroAustralian Dollar1 EUR = 1,388 AUD1 AUD = 0,721 EUR
EuroCanadian Dollar1 EUR = 1,335 CAD1 CAD = 0,749 EUR
EuroSwiss Franc1 EUR = 1,305 CHF1 CHF = 0,766 EUR
EuroChinese Yuan1 EUR = 8,769 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,746 GBP1 GBP = 1,341 JPY
Japanese YenAustralian Dollar1 JPY = 1,243 AUD1 AUD = 0,805 JPY
Japanese YenCanadian Dollar1 JPY = 1,196 CAD1 CAD = 0,836 JPY
Japanese YenSwiss Franc1 JPY = 1,170 CHF1 CHF = 0,855 JPY
Pound SterlingAustralian Dollar1 GBP = 1,667 AUD1 AUD = 0,600 GBP
Pound SterlingCanadian Dollar1 GBP = 1,603 CAD1 CAD = 0,624 GBP
Pound SterlingSwiss Franc1 GBP = 1,568 CHF1 CHF = 0,638 GBP
Pound SterlingChinese Yuan1 GBP = 10,524 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,962 CAD1 CAD = 1,040 AUD
Australian DollarSwiss Franc1 AUD = 0,941 CHF1 CHF = 1,063 AUD
Australian DollarChinese Yuan1 AUD = 6,323 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 0,977 CHF1 CHF = 1,023 CAD
Canadian DollarChinese Yuan1 CAD = 6,571 CNY1 CNY = 0,152 CAD
Swiss FrancChinese Yuan1 CHF = 6,716 CNY1 CNY = 0,149 CHF

See what else happened on September 15, 2010