Financial news on December 17, 2009

Business and Financial news
An App That Helps You Find Your Way Is a Great Find

Consumers who do their homework can avoid buying a navigation system that fails to meet their needs. Read more..

By BOB TEDESCHI - The New York Times

App of the Week: Google’s Eyes on the Ground

Google Goggles uses a smartphone’s camera to identify what it sees and return a stream of information. Read more..

By ROY FURCHGOTT - The New York Times

Bank Picks a Successor to Lewis

Bank of America named one of its top managers, Brian Moynihan, as its chief executive, succeeding Kenneth D. Lewis, who plans to leave by the end of the year. Read more..

By ERIC DASH and LOUISE STORY - The New York Times

Europe Drops Microsoft Antitrust Case

The agreement ended a decade of legal strife that cost the world’s top maker of software 1.67 billion euros in fines and penalties and forced it to alter the way it did business in Europe. Read more..

By KEVIN J. O'BRIEN - The New York Times

Government Reconsiders Quick Sale of Citigroup Stake

Two days after Citigroup moved to untangle itself from Washington, the Treasury backed away from plans to immediately sell a portion of its stake in the bank, according to a person briefed on the situation. Read more..

By ERIC DASH - The New York Times

I.R.S. Ruling Could Be a Boon for GMAC

The decision could save billions for companies in which the government took an ownership stake as a condition of a bailout. Read more..

By LYNNLEY BROWNING - The New York Times

Mobile Phones Become Essential Tool for Holiday Shopping

Using powerful software applications on their smartphones, consumers can search for bargains across a range of retailers. Read more..

By CLAIRE CAIN MILLER - The New York Times

Panel Backs Bernanke for Second Term

The 16-to-7 Senate vote, which came after a debate that saw flashes of the populist anger that has erupted amid a sluggish recovery, was not unexpected. Read more..

By BRIAN KNOWLTON and JAVIER C. HERNANDEZ - The New York Times

Swiss Report First Appeals Filed in UBS Tax Case

Switzerland has received two appeals in the UBS tax case, a judicial official said, just weeks after 500 Americans were notified that their data was to be sent to the U.S. Justice Department. Read more..

By DAVID JOLLY - International Herald Tribune

U.S. Reports Upturn in Home Building

The figures offer some hope that construction will continue a slow and steady revival that will spread through the broader economy. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 25.64 26.18 25.62 26.07 80.7M
General Electric GE 15.59 15.95 15.55 15.79 68.3M
Intel INTC 19.24 19.29 19.07 19.07 52.3M
Bristol-Myers Squibb BMY 25.81 25.94 25.62 25.77 50.6M
ExxonMobil XOM 68.36 68.86 68.13 68.22 46.6M
Pfizer PFE 18.38 18.38 18.06 18.22 44.3M
JPMorgan Chase JPM 41.06 41.12 40.19 40.27 44.3M
Microsoft MSFT 29.95 29.96 29.57 29.60 43.7M
Oracle Corp. ORCL 23.07 23.19 22.77 22.88 36M
Cisco Systems CSCO 23.46 23.47 23.14 23.18 33.4M
AT&T Inc. T 27.34 27.45 27.11 27.22 26.6M
Comcast CMCSA 17.33 17.33 16.92 17.11 22M
Merck MRK 37.75 37.85 37.26 37.28 18.5M
Verizon Communications VZ 32.79 33.09 32.36 32.81 17.9M
Wal-Mart Stores WMT 53.10 53.20 52.36 52.76 15.6M
UnitedHealth Group UNH 32.09 32.33 31.31 31.82 14.8M
Walt Disney & Co. DIS 32.17 32.29 31.65 31.93 14.6M
HP Inc. HPQ 50.94 51.09 50.26 50.56 14M
Apple AAPL 194.26 195.00 191.00 191.86 13.9M
Altria MO 19.58 19.67 19.51 19.59 12.8M
Coca-Cola KO 58.26 58.27 56.94 56.98 12.7M
ConocoPhillips COP 50.54 50.82 50.15 50.21 11.6M
Home Depot HD 28.85 29.12 28.77 28.80 11.5M
Abbott Laboratories ABT 53.76 53.83 53.16 53.58 11.3M
Procter & Gamble PG 62.00 62.12 61.54 61.59 11M
Gilead Sciences GILD 43.06 43.45 42.72 43.20 11M
Johnson & Johnson JNJ 64.44 64.78 64.21 64.47 10.1M
Visa V 86.49 87.40 85.50 87.03 9.56M
Chevron CVX 77.49 77.55 76.71 76.78 9M
Amazon AMZN 129.36 130.08 126.90 126.91 8.48M
Pepsico PEP 60.64 60.64 60.04 60.04 8.34M
Amgen AMGN 55.04 55.04 54.12 54.58 6.13M
Schlumberger SLB 63.06 63.49 62.40 62.57 5.98M
International Business Machines IBM 128.00 128.56 127.12 127.40 5.91M
Boeing BA 54.90 55.40 54.41 54.47 5.82M
McDonald's MCD 62.24 62.48 61.92 61.92 5.42M
Alphabet GOOGL 596.44 597.64 593.76 593.94 5.27M
3M MMM 81.39 81.48 80.34 80.47 3.84M
Union Pacific UNP 64.15 64.21 62.93 63.31 3.78M
United Technologies UTX 70.06 70.12 69.46 69.58 3.72M
Berkshire Hathaway BRK.B 3309.00 3309.00 3276.00 3288.50 30.9K
Exchange Rates of December 17, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.940 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.071 CAD 1 CAD = 0.934 USD
US Dollar Swiss Franc 1 USD = 1.047 CHF 1 CHF = 0.955 USD
US Dollar Chinese Yuan 1 USD = 6.830 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 128.980 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.888 GBP 1 GBP = 1.127 EUR
Euro Australian Dollar 1 EUR = 1.617 AUD 1 AUD = 0.619 EUR
Euro Canadian Dollar 1 EUR = 1.535 CAD 1 CAD = 0.651 EUR
Euro Swiss Franc 1 EUR = 1.502 CHF 1 CHF = 0.666 EUR
Euro Chinese Yuan 1 EUR = 9.792 CNY 1 CNY = 0.102 EUR
Japanese Yen Pound Sterling 1 JPY = 0.688 GBP 1 GBP = 1.454 JPY
Japanese Yen Australian Dollar 1 JPY = 1.253 AUD 1 AUD = 0.798 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.190 CAD 1 CAD = 0.840 JPY
Japanese Yen Swiss Franc 1 JPY = 1.164 CHF 1 CHF = 0.859 JPY
Pound Sterling Australian Dollar 1 GBP = 1.821 AUD 1 AUD = 0.549 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.729 CAD 1 CAD = 0.578 GBP
Pound Sterling Swiss Franc 1 GBP = 1.692 CHF 1 CHF = 0.591 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.024 CNY 1 CNY = 0.091 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.949 CAD 1 CAD = 1.053 AUD
Australian Dollar Swiss Franc 1 AUD = 0.929 CHF 1 CHF = 1.077 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.059 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.978 CHF 1 CHF = 1.023 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.374 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.522 CNY 1 CNY = 0.153 CHF

See what else happened on December 17, 2009