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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.07 16.47 15.97 16.34 68.6M
Cisco Systems CSCO 21.54 21.86 21.49 21.59 60.9M
Microsoft MSFT 25.10 25.22 24.92 25.12 56.2M
Intel INTC 18.73 18.77 18.54 18.72 56.1M
Pfizer PFE 17.07 17.36 17.03 17.27 55.2M
Comcast CMCSA 17.68 18.41 17.50 18.04 45.5M
Oracle Corp. ORCL 25.27 25.79 25.17 25.74 37.6M
Wells Fargo & Co. WFC 25.72 26.44 25.61 26.34 32.6M
JPMorgan Chase JPM 40.51 41.14 40.34 40.98 25.4M
HP Inc. HPQ 39.30 40.04 39.14 39.62 24.1M
AT&T Inc. T 27.91 28.15 27.78 28.01 19.2M
ExxonMobil XOM 60.76 61.03 60.36 61.00 18.8M
Verizon Communications VZ 30.90 31.21 30.75 31.19 15.8M
Schlumberger SLB 58.52 59.43 57.28 58.19 15.8M
Apple AAPL 268.17 270.38 267.84 270.22 15.3M
Merck MRK 36.52 36.87 36.24 36.51 11.5M
UnitedHealth Group UNH 34.50 34.60 33.97 34.27 11.2M
Visa V 67.72 69.50 67.60 68.93 10.8M
Altria MO 23.47 23.78 23.40 23.68 10.6M
Wal-Mart Stores WMT 52.47 53.10 52.41 52.86 10.2M
Home Depot HD 29.78 30.01 29.65 29.94 9.8M
Abbott Laboratories ABT 51.36 51.75 51.15 51.66 9.56M
Procter & Gamble PG 60.56 61.41 60.53 61.11 9.19M
Johnson & Johnson JNJ 60.67 61.15 60.50 61.05 9.11M
Coca-Cola KO 57.37 57.60 57.22 57.42 8.7M
ConocoPhillips COP 55.07 55.63 54.73 55.56 8.7M
Bristol-Myers Squibb BMY 26.92 27.08 26.80 27.01 8.57M
Walt Disney & Co. DIS 34.01 34.42 33.88 34.21 7.26M
Chevron CVX 79.06 79.33 78.52 79.21 7.24M
Gilead Sciences GILD 34.58 34.89 34.28 34.84 5.57M
Amgen AMGN 54.22 55.41 54.07 55.30 5.08M
Boeing BA 62.49 62.79 61.89 62.73 4.93M
Amazon AMZN 144.88 145.62 143.56 145.45 4.9M
Alphabet GOOGL 479.95 481.89 478.50 480.64 4.8M
International Business Machines IBM 128.65 129.96 128.54 129.43 4.76M
Pepsico PEP 65.83 66.54 65.76 66.50 4.74M
McDonald's MCD 73.72 74.83 73.71 74.71 4.55M
Berkshire Hathaway BRK.B 82.98 83.54 82.34 83.48 4.44M
United Technologies UTX 68.70 68.70 68.05 68.27 3.69M
Union Pacific UNP 79.14 80.15 78.87 79.08 3.51M
3M MMM 84.47 84.75 83.62 84.58 2.18M
Exchange Rates of September 15, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.740 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.026 CAD 1 CAD = 0.975 USD
US Dollar Swiss Franc 1 USD = 1.003 CHF 1 CHF = 0.997 USD
US Dollar Chinese Yuan 1 USD = 6.739 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 111.560 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.832 GBP 1 GBP = 1.201 EUR
Euro Australian Dollar 1 EUR = 1.388 AUD 1 AUD = 0.721 EUR
Euro Canadian Dollar 1 EUR = 1.335 CAD 1 CAD = 0.749 EUR
Euro Swiss Franc 1 EUR = 1.305 CHF 1 CHF = 0.766 EUR
Euro Chinese Yuan 1 EUR = 8.769 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.746 GBP 1 GBP = 1.341 JPY
Japanese Yen Australian Dollar 1 JPY = 1.243 AUD 1 AUD = 0.805 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.196 CAD 1 CAD = 0.836 JPY
Japanese Yen Swiss Franc 1 JPY = 1.170 CHF 1 CHF = 0.855 JPY
Pound Sterling Australian Dollar 1 GBP = 1.667 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.603 CAD 1 CAD = 0.624 GBP
Pound Sterling Swiss Franc 1 GBP = 1.568 CHF 1 CHF = 0.638 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.524 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.962 CAD 1 CAD = 1.040 AUD
Australian Dollar Swiss Franc 1 AUD = 0.941 CHF 1 CHF = 1.063 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.323 CNY 1 CNY = 0.158 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.977 CHF 1 CHF = 1.023 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.571 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.716 CNY 1 CNY = 0.149 CHF

See what else happened on September 15, 2010