Financial news on December 18, 2009

Business and Financial news
A.I.G. May Put Asian Unit on Hong Kong Exchange

The American International Group could use the $20 billion from a stock sale by the insurer American International Assurance to repay some of its giant bailout debt. Read more..

By THE NEW YORK TIMES - The New York Times

‘American Idol’ Creator Plans Web Show

The show, “If I Can Dream,” will follow the lives of five aspiring actors and musicians who move to Hollywood in search of stardom. Read more..

By BRIAN STELTER - The New York Times

As Patent Ends, a Seed’s Use Will Survive

The first patent to expire on a widely used bioengineered crop since gene-splicing became a mainstay of crop science. Read more..

By ANDREW POLLACK - The New York Times

Canada to Sell Reactor Unit of Energy Firm

The unit of Atomic Energy of Canada has been a longstanding financial drain on the government. Read more..

By IAN AUSTEN - The New York Times

Dow Slips for a Third Day, but the Dollar Strengthens

The dollar climbed to a three-month high against the euro, as equity markets declined on a weaker-than-expected jobs report and concerns over foreign debt. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Ernst to Pay the S.E.C. $8.5 Million

The audit firm forced Bally Total Fitness to stop improper accounting practices, but didn’t make it admit to poor accounting in the past. Read more..

By FLOYD NORRIS - The New York Times

Executive to Become Adviser to the Chief of CBS

Nancy Tellem, who helped CBS introduce shows like “C.S.I.” and “Survivor,” will become a senior adviser to CBS’s chief executive, Leslie Moonves. Read more..

By EDWARD WYATT - The New York Times

Google Loses in French Copyright Case

Google was ordered to stop putting scanned French books in its database and to pay about $430,000 in damages. Read more..

By MATTHEW SALTMARSH - The New York Times

Merger Lessons In the Oil Patch

The oil company is acquiring XTO Energy for a price that is more than 30 percent below its June 2008 high. Read more..

By CHRISTOPHER SWANN and NICHOLAS PAISNER - The New York Times

Questions on Security Mar Foreign Investments

Foreign investors’ moves to buy U.S. industrial assets are getting a wary reaction from the Obama administration. Read more..

By ERIC LIPTON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC26.3827.0026.1826.78146M
Bristol-Myers SquibbBMY26.0526.0825.3225.78124M
IntelINTC19.2119.7119.1019.6399M
MicrosoftMSFT29.8430.4529.8030.3694.1M
Oracle Corp.ORCL24.0124.7423.9824.3488.2M
VisaV87.4089.6987.3988.9784.4M
General ElectricGE15.9115.9115.5915.5979.2M
Cisco SystemsCSCO23.1323.3723.0223.3367.2M
ExxonMobilXOM68.5668.8067.6468.2163M
PfizerPFE18.3518.4818.2518.3062.2M
JPMorgan ChaseJPM40.5341.1940.0440.9548.1M
AT&T Inc.T27.4627.5527.1827.3247.1M
Wal-Mart StoresWMT53.0653.0652.3152.8526.1M
MerckMRK37.3637.7937.2037.4025.4M
Procter & GamblePG61.9862.0060.4161.5522.8M
Johnson & JohnsonJNJ64.7564.7563.9164.3722.2M
AppleAAPL193.17195.50192.60195.4321.7M
HP Inc.HPQ50.9051.6150.7051.5021.5M
Abbott LaboratoriesABT53.7553.7553.0053.3419.6M
ConocoPhillipsCOP50.6550.6949.4049.8019.5M
Verizon CommunicationsVZ32.9433.1032.6632.8019.3M
AltriaMO19.7019.7419.5619.6518.9M
Coca-ColaKO57.2657.2656.3156.9218.9M
PepsicoPEP59.9259.9258.7759.4818.6M
Home DepotHD28.9829.0228.4228.6517.3M
ChevronCVX77.4277.6776.5676.9016.6M
UnitedHealth GroupUNH31.8832.0031.0831.5415.7M
Gilead SciencesGILD43.5143.5642.6142.8315.7M
Walt Disney & Co.DIS32.0832.1731.5831.9515.2M
ComcastCMCSA17.0717.2816.8617.2314.7M
AmgenAMGN55.2356.0154.9055.8011.9M
SchlumbergerSLB63.2063.6662.6562.9510.9M
McDonald'sMCD61.9962.4361.9762.179.85M
AmazonAMZN127.91128.79125.65128.489.61M
United TechnologiesUTX69.9070.0069.1269.469.57M
International Business MachinesIBM127.97128.39127.00127.919.11M
BoeingBA54.7054.7453.1053.448.92M
AlphabetGOOGL596.03598.93595.00596.427.06M
3MMMM80.8081.3580.5580.976.67M
Union PacificUNP63.5063.9962.8563.383.65M
Berkshire HathawayBRK.B3280.003303.503263.503303.5038K
Exchange Rates of December 18, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.450 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.066 CAD1 CAD = 0.938 USD
US DollarSwiss Franc1 USD = 1.042 CHF1 CHF = 0.960 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 129.770 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.888 GBP1 GBP = 1.127 EUR
EuroAustralian Dollar1 EUR = 1.610 AUD1 AUD = 0.621 EUR
EuroCanadian Dollar1 EUR = 1.530 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.494 CHF1 CHF = 0.669 EUR
EuroChinese Yuan1 EUR = 9.796 CNY1 CNY = 0.102 EUR
Japanese YenPound Sterling1 JPY = 0.684 GBP1 GBP = 1.462 JPY
Japanese YenAustralian Dollar1 JPY = 1.241 AUD1 AUD = 0.806 JPY
Japanese YenCanadian Dollar1 JPY = 1.179 CAD1 CAD = 0.848 JPY
Japanese YenSwiss Franc1 JPY = 1.152 CHF1 CHF = 0.868 JPY
Pound SterlingAustralian Dollar1 GBP = 1.814 AUD1 AUD = 0.551 GBP
Pound SterlingCanadian Dollar1 GBP = 1.724 CAD1 CAD = 0.580 GBP
Pound SterlingSwiss Franc1 GBP = 1.683 CHF1 CHF = 0.594 GBP
Pound SterlingChinese Yuan1 GBP = 11.025 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.949 CAD1 CAD = 1.053 AUD
Australian DollarSwiss Franc1 AUD = 0.927 CHF1 CHF = 1.078 AUD
Australian DollarChinese Yuan1 AUD = 6.082 CNY1 CNY = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 0.976 CHF1 CHF = 1.024 CAD
Canadian DollarChinese Yuan1 CAD = 6.403 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.552 CNY1 CNY = 0.153 CHF

See what else happened on December 18, 2009