Financial news on February 19, 2010

Business and Financial news
$3.5 Billion in Revenue at CBS in Quarter

CBS said revenue and profits at its flagship television business improved in the fourth quarter. Read more..

By TIM ARANGO - The New York Times

Alexander McQueen Line to Continue

The Alexander McQueen line will survive the suicide of its designer, the French luxury company that owns the brand said. Read more..

By ERIC WILSON - The New York Times

Another Cable Helping for Food Lovers

Scripps, which owns the Food Network, will start the Cooking Channel on May 31. Read more..

By BRIAN STELTER - The New York Times

Daimler Reports Loss and Cancels Dividend

The company said the loss was caused by higher financing costs and lingering effects of the global slump in vehicle sales. Read more..

By JACK EWING - The New York Times

Expecting a Surplus, Britain Posts a Deficit

The government spent $6.7 billion more than it collected in taxes in January, traditionally the month with the highest tax receipts. Read more..

By JULIA WERDIGIER - The New York Times

Glaxo Plans to Remove Zinc From Poligrip Denture Adhesive

GlaxoSmithKline said it planned to reformulate the denture adhesive without zinc, because of concerns about health risks. Read more..

By DUFF WILSON - The New York Times

Higher Energy Costs Lift Producer Prices

The surprisingly large jump in wholesale prices in January was viewed as a temporary blip and not the start of inflation problems. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Judge Hears Arguments on Google Book Settlement

The proposal to create the world’s largest digital library has put giants like Sony and Microsoft on opposite sides. Read more..

By MOTOKO RICH - The New York Times

Profit Rises at Wal-Mart, but Outlook Is Clouded

The retail giant forecast earnings for the current quarter that could miss Wall Street estimates. Read more..


Working Without a Standard Playbook, the Fed Plans Its Moves on Rates

The Fed faces a complex set of forces as it decides how and when to reverse the aggressive steps taken to contain the financial crisis and the ensuing damage to the economy. Read more..

By SEWELL CHAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.1416.2516.0016.1765.2M
JPMorgan ChaseJPM40.1140.7039.9040.0340.3M
Cisco SystemsCSCO24.1324.3824.0624.3638.8M
AT&T Inc.T25.2025.4025.0225.1034.7M
Wells Fargo & Co.WFC27.0827.4827.0727.3732.2M
Oracle Corp.ORCL24.4124.5424.1824.3225.9M
Berkshire HathawayBRK.B76.6279.3576.5078.7424.7M
Abbott LaboratoriesABT54.8854.8954.0854.3820.1M
Verizon CommunicationsVZ29.0229.2828.9129.0219.7M
Home DepotHD30.2130.4530.0030.1518.6M
HP Inc.HPQ50.4251.0050.2050.7916.7M
Wal-Mart StoresWMT53.1953.5853.0753.4915.1M
Johnson & JohnsonJNJ64.1564.4663.6263.8114.2M
Walt Disney & Co.DIS30.9431.5230.8531.2312.6M
Gilead SciencesGILD49.1049.4448.7848.8411.7M
UnitedHealth GroupUNH32.4232.7731.8331.9411.5M
Procter & GamblePG63.2763.7463.0263.4510.9M
Bristol-Myers SquibbBMY24.7825.0124.6624.9510.7M
International Business MachinesIBM127.35128.06126.87127.196.3M
United TechnologiesUTX68.2468.9068.1168.525.3M
Union PacificUNP65.2466.7565.2466.575.13M
Exchange Rates of February 19, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.480 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.039 CAD1 CAD = 0.962 USD
US DollarSwiss Franc1 USD = 1.075 CHF1 CHF = 0.930 USD
US DollarChinese Yuan1 USD = 6.830 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.570 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.880 GBP1 GBP = 1.137 EUR
EuroAustralian Dollar1 EUR = 1.515 AUD1 AUD = 0.660 EUR
EuroCanadian Dollar1 EUR = 1.414 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.464 CHF1 CHF = 0.683 EUR
EuroChinese Yuan1 EUR = 9.294 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.706 GBP1 GBP = 1.417 JPY
Japanese YenAustralian Dollar1 JPY = 1.215 AUD1 AUD = 0.823 JPY
Japanese YenCanadian Dollar1 JPY = 1.135 CAD1 CAD = 0.881 JPY
Japanese YenSwiss Franc1 JPY = 1.175 CHF1 CHF = 0.851 JPY
Pound SterlingAustralian Dollar1 GBP = 1.721 AUD1 AUD = 0.581 GBP
Pound SterlingCanadian Dollar1 GBP = 1.608 CAD1 CAD = 0.622 GBP
Pound SterlingSwiss Franc1 GBP = 1.664 CHF1 CHF = 0.601 GBP
Pound SterlingChinese Yuan1 GBP = 10.556 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.934 CAD1 CAD = 1.071 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.035 AUD
Australian DollarChinese Yuan1 AUD = 6.139 CNY1 CNY = 0.163 AUD
Canadian DollarSwiss Franc1 CAD = 1.035 CHF1 CHF = 0.966 CAD
Canadian DollarChinese Yuan1 CAD = 6.569 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.347 CNY1 CNY = 0.158 CHF

See what else happened on February 19, 2010