Financial news on September 17th, 2010

Business and Financial news
3i Dealmaker to Leave in Shake-Up

3i Group, the British private equity firm, said that Jonathan Russell, one of its top dealmakers, would leave as part of a shake up announced Friday that will combine two of its key divisions. Read more..

By DEALBOOK - The New York Times

Diaspora, a Facebook Alternative, Releases Its Code

On Thursday Diaspora, a social Web site that hopes to offer an alternative to Facebook, announced that its developers would be allowed to download the code used to build the new service and begin exploring and enhancing the Diaspora software. Read more..

By DEALBOOK - The New York Times

F.D.A. Panel Urges Denial of Diet Drug

By a 9-to-5 vote, the advisers decided that the potential benefits of the drug lorcaserin, from Arena Pharmaceuticals, did not outweigh risks. Read more..

By ANDREW POLLACK - The New York Times

Fiat Shareholders Approve Plan to Split the Company

The company hopes the move to split up its industrial and automotive businesses will increase the value of the two units. Read more..

By DAVID JOLLY - The New York Times

Hedge Fund Managers Set Up for Next Acts

Hedge fund managers who closed their firms are opening new funds, and in some cases promising to make previous investors whole before taking performance fees. Read more..

By DEALBOOK - The New York Times

Hedge Fund Managers Set Up for Next Acts

Hedge fund managers who closed their firms are opening new funds, and in some cases promising to make previous investors whole before taking performance fees. Read more..

By JULIE CRESWELL - The New York Times

In Greece, the Security Business Is Booming

Greece’s economic crisis is creating an unexpected boom for at least one industry, Bloomberg News reports: the security sector. Read more..

By DEALBOOK - The New York Times

Leaving an Agency Giant to Start a Boutique

Ty Montague and Rosemarie Ryan talked about leaving their senior jobs at JWT to start their own agency, Co:. Read more..

By STUART ELLIOTT - The New York Times

Morning Take-Out

Being Lisa Falcone; Buffett memorabilia ain’t cheap; Goldman employee evaluations. Read more..

By DEALBOOK - The New York Times

Oracle Profit Rises 20%, Higher Than Forecast

Fresh off a radical overhaul of its executive suite, Oracle posted better-than-expected results for its first quarter on the back of strong sales of new software products and higher maintenance and support revenue. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL26,4427,6326,4027,48151M
General ElectricGE16,3116,4216,0816,2972.5M
Cisco SystemsCSCO22,0722,1221,7721,8654.8M
JPMorgan ChaseJPM41,0341,0839,9940,0645.9M
HP Inc.HPQ40,3840,6239,1039,1435.4M
Wells Fargo & Co.WFC26,3726,3725,8726,0134.4M
AT&T Inc.T28,2428,3228,0028,1731.1M
Verizon CommunicationsVZ31,5931,7531,3831,6821.5M
Wal-Mart StoresWMT53,1753,3352,8853,0120.8M
Walt Disney & Co.DIS34,3834,7334,3634,5619M
Berkshire HathawayBRK.B83,8584,1582,7282,7218.5M
Procter & GamblePG61,3161,4760,8160,9717.8M
Abbott LaboratoriesABT51,7851,9351,5351,6415.1M
Bristol-Myers SquibbBMY27,0227,4427,0027,3114.9M
Gilead SciencesGILD35,0035,1034,4534,5614.1M
Home DepotHD30,0530,1929,8029,8913M
Johnson & JohnsonJNJ61,5961,7261,1361,5712.2M
International Business MachinesIBM129,92130,60129,70130,1910.4M
UnitedHealth GroupUNH34,4634,6134,1334,137.29M
United TechnologiesUTX68,9469,6368,5669,535.2M
Union PacificUNP79,3280,0278,6779,964.24M
Exchange Rates of September 17th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,840 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,033 CAD1 CAD = 0,968 USD
US DollarSwiss Franc1 USD = 1,010 CHF1 CHF = 0,990 USD
US DollarChinese Yuan1 USD = 6,724 CNY1 CNY = 0,149 USD
EuroJapanese Yen1 EUR = 112,030 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,835 GBP1 GBP = 1,198 EUR
EuroAustralian Dollar1 EUR = 1,393 AUD1 AUD = 0,718 EUR
EuroCanadian Dollar1 EUR = 1,348 CAD1 CAD = 0,742 EUR
EuroSwiss Franc1 EUR = 1,318 CHF1 CHF = 0,759 EUR
EuroChinese Yuan1 EUR = 8,779 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,745 GBP1 GBP = 1,342 JPY
Japanese YenAustralian Dollar1 JPY = 1,244 AUD1 AUD = 0,804 JPY
Japanese YenCanadian Dollar1 JPY = 1,203 CAD1 CAD = 0,831 JPY
Japanese YenSwiss Franc1 JPY = 1,176 CHF1 CHF = 0,850 JPY
Pound SterlingAustralian Dollar1 GBP = 1,669 AUD1 AUD = 0,599 GBP
Pound SterlingCanadian Dollar1 GBP = 1,614 CAD1 CAD = 0,620 GBP
Pound SterlingSwiss Franc1 GBP = 1,578 CHF1 CHF = 0,634 GBP
Pound SterlingChinese Yuan1 GBP = 10,500 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,967 CAD1 CAD = 1,035 AUD
Australian DollarSwiss Franc1 AUD = 0,942 CHF1 CHF = 1,061 AUD
Australian DollarChinese Yuan1 AUD = 6,295 CNY1 CNY = 0,159 AUD
Canadian DollarSwiss Franc1 CAD = 0,975 CHF1 CHF = 1,026 CAD
Canadian DollarChinese Yuan1 CAD = 6,510 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 6,659 CNY1 CNY = 0,150 CHF

See what else happened on September 17th, 2010