Financial news on February 16th, 2010

Business and Financial news
A Difficult Stretch in a Telecom Deal

Bharti Airtel’s plan to buy the African assets of Zain worried investors who fear the company can’t afford it. Read more..

By UNA GALANI and EDWARD HADAS - The New York Times

Bharti Airtel Bids for Zain's African Phone Customers

Bharti Airtel, the largest Indian mobile phone company by subscribers, confirmed on Monday that it is in talks to buy the African assets of the Kuwaiti telecom company Zain for about $10.7 billion. Read more..

By HEATHER TIMMONS - International Herald Tribune

Drug Firms Apply Brand to Generics

Drug makers are pursuing a consumer base in markets like Asia and Latin America, where many pay out of pocket for medicines but often cannot afford expensive brand-name drugs. Read more..

By NATASHA SINGER - The New York Times

E.U. Will Maintain Strict Policy on Antitrust Behavior, Official Says

Joaquín Almunia, the E.U.'s new commissioner for competition policy, warned Monday that despite the weak economy, companies would continue to face high fines if they break antitrust law. Read more..

By JAMES KANTER - International Herald Tribune

Gawker Acquires a Guide to Big Names in the City

The online publishing heavyweight bought CityFile, the New York boldface name guide. Read more..

By BRIAN STELTER - The New York Times

Stingy China May Hurt Only Itself

Beijing is under attack for conservative spending policies that critics say are damaging long-term productivity prospects and contributing to the imbalances underlying the global financial crisis. Read more..

By ALAN WHEATLEY - International Herald Tribune

Struggling Over a Rule for Brokers

A piece of the financial overhaul legislation targets the responsibility of stock and insurance brokers to act in their customers’ best interest. Read more..


The Convention Crashers

Renegade vendors called “outboarders” say they have to stretch their meager marketing budgets any way they can, but the industry calls them parasites. Read more..

By MARTHA C. WHITE - The New York Times

The Flight Is a Smooth One? He Disagrees

Jim Norton, a radio personality on the “Opie and Anthony Show” and an author, has a comedic take on his fear of flying. Read more..

By JIM NORTON, As told to JOAN RAYMOND - The New York Times

Travel Sites or Guidebooks: Why Not Dip Into Both?

Where do you turn when looking for reliable, practical travel information — online or in print? The answer is all of the above, because one complements the other. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.7016.1215.6816.0469.4M
Cisco SystemsCSCO23.9624.0023.8024.0046.8M
JPMorgan ChaseJPM38.9540.1438.7540.0746.4M
Wells Fargo & Co.WFC27.1927.3926.9427.3936.1M
AT&T Inc.T25.3025.4925.1325.3225.9M
Berkshire HathawayBRK.B75.8876.1675.6576.0525M
Oracle Corp.ORCL23.6923.8523.4423.8121.6M
Wal-Mart StoresWMT53.2453.7252.9053.5615.8M
Abbott LaboratoriesABT54.2454.6853.7754.5915.7M
HP Inc.HPQ48.9449.6048.7949.4414.7M
UnitedHealth GroupUNH32.3332.6031.3931.6313.9M
Home DepotHD29.1229.5028.9329.4413.3M
Procter & GamblePG62.6062.8762.3562.8313.3M
Gilead SciencesGILD47.9848.0446.3046.8713.1M
Verizon CommunicationsVZ29.2129.2429.0429.1812.5M
Bristol-Myers SquibbBMY24.0324.2823.8624.2110.3M
Johnson & JohnsonJNJ63.2563.7162.8263.6110.2M
Walt Disney & Co.DIS30.2830.5030.1730.479.06M
International Business MachinesIBM124.91125.23124.11125.236.78M
United TechnologiesUTX66.0666.4365.5666.336.29M
Union PacificUNP64.0065.2663.4865.163.77M
Exchange Rates of February 16th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.140 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.044 CAD1 CAD = 0.958 USD
US DollarSwiss Franc1 USD = 1.066 CHF1 CHF = 0.938 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.090 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.872 GBP1 GBP = 1.147 EUR
EuroAustralian Dollar1 EUR = 1.526 AUD1 AUD = 0.655 EUR
EuroCanadian Dollar1 EUR = 1.437 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.468 CHF1 CHF = 0.681 EUR
EuroChinese Yuan1 EUR = 9.413 CNY1 CNY = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.702 GBP1 GBP = 1.424 JPY
Japanese YenAustralian Dollar1 JPY = 1.229 AUD1 AUD = 0.813 JPY
Japanese YenCanadian Dollar1 JPY = 1.158 CAD1 CAD = 0.864 JPY
Japanese YenSwiss Franc1 JPY = 1.183 CHF1 CHF = 0.845 JPY
Pound SterlingAustralian Dollar1 GBP = 1.750 AUD1 AUD = 0.572 GBP
Pound SterlingCanadian Dollar1 GBP = 1.648 CAD1 CAD = 0.607 GBP
Pound SterlingSwiss Franc1 GBP = 1.683 CHF1 CHF = 0.594 GBP
Australian DollarCanadian Dollar1 AUD = 0.942 CAD1 CAD = 1.062 AUD
Australian DollarSwiss Franc1 AUD = 0.961 CHF1 CHF = 1.040 AUD
Canadian DollarSwiss Franc1 CAD = 1.021 CHF1 CHF = 0.979 CAD
Canadian DollarChinese Yuan1 CAD = 6.550 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.411 CNY1 CNY = 0.156 CHF

See what else happened on February 16th, 2010