Financial news on October 19, 2010

Business and Financial news
Ads Urge Fathers to ‘Take Time’ to Be a Dad

The latest public service ads promoting greater involvement by fathers in their children’s lives are aimed at American-Indian, Asian-American and Hispanic fathers. Read more..

By JANE L. LEVERE - The New York Times

BP Sale Raises $1.8 Billion to Help Pay for Gulf Spill

BP raised $1.8 billion on Monday to help pay for the cost of the oil spill in the Gulf of Mexico by selling assets in Venezuela and Vietnam to its own joint venture in Russia. Read more..

By DEALBOOK - The New York Times

Facebook Vows to Fix a Flaw in Data Privacy

The site acknowledged that some of its applications, including FarmVille, had improperly shared identifying information about users with advertisers and Web tracking companies. Read more..

By MIGUEL HELFT - The New York Times

Guy Hands Takes Stand in Battle With Citigroup

Guy Hands, the charismatic British financier, took the witness stand before a packed federal courtroom in Lower Manhattan as he challenged Citigroup over his purchase of the EMI Group. Read more..

By PETER LATTMAN - The New York Times

Microsoft’s Top Software Architect, a Cloud Computing Advocate, Quits

Ray Ozzie, 54, drove much of Microsoft’s move into cloud computing. Read more..

By ASHLEE VANCE - The New York Times

Morgan Stanley Said Near Approval to Sell C.I.C.C. Stake

Morgan Stanley has obtained regulatory approval for its planned sale of a 34.3 percent stake in Chinese investment bank China International Capital, state media reported on Tuesday, according to Reuters. Read more..

By DEALBOOK - The New York Times

New York Fed Urges BofA to Buy Back Loans

The New York Fed and other bondholders argued in a letter that Countrywide failed to properly service the loans. Read more..

By DEALBOOK - The New York Times

Signs That Business Jets Are Poised for a Comeback

The business jet industry has been clobbered by the dismal economy but there are indications that business might pick up. Read more..

By JOE SHARKEY - The New York Times

Times in Deal to Expand Texas Report

The New York Times announced Monday that it had entered into a local news collaboration with The Texas Tribune, a nonprofit news organization. Read more..

By THE NEW YORK TIMES - The New York Times

U.S. Sues Michigan Blue Cross Over Pricing

The administration said the insurer violated antitrust laws and gained a competitive advantage by forcing hospitals to charge higher prices to its rivals. Read more..

By ROBERT PEAR - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19.01 19.39 18.90 19.21 85.4M
General Electric GE 16.10 16.26 15.98 16.07 74.2M
Wells Fargo & Co. WFC 24.67 25.32 24.39 24.55 72.2M
JPMorgan Chase JPM 37.90 38.65 37.50 37.69 70.6M
Microsoft MSFT 25.27 25.37 24.95 25.10 66.2M
Cisco Systems CSCO 23.10 23.18 22.76 22.97 53.8M
Pfizer PFE 17.65 17.74 17.25 17.39 48.7M
Comcast CMCSA 18.83 19.20 18.83 19.11 47.4M
Oracle Corp. ORCL 28.94 29.24 28.45 29.13 44.7M
Apple AAPL 303.40 313.77 300.02 309.49 44M
AT&T Inc. T 28.46 28.47 28.00 28.21 31.8M
ExxonMobil XOM 65.59 66.04 64.59 65.12 25.4M
HP Inc. HPQ 42.88 43.15 42.54 42.83 20.8M
Verizon Communications VZ 32.57 32.61 32.02 32.16 20.4M
Coca-Cola KO 59.96 60.47 59.83 60.34 17.5M
Johnson & Johnson JNJ 62.89 63.67 62.50 63.29 17.2M
Abbott Laboratories ABT 53.22 53.45 52.50 52.87 15.5M
International Business Machines IBM 137.30 139.34 136.70 138.03 14.2M
ConocoPhillips COP 60.40 60.81 59.54 60.00 13.7M
Schlumberger SLB 63.62 63.88 62.36 63.14 13.7M
UnitedHealth Group UNH 35.63 35.92 34.92 35.30 13.2M
Altria MO 24.84 24.91 24.61 24.75 12.1M
Procter & Gamble PG 62.98 63.56 62.90 63.18 12.1M
Home Depot HD 30.30 30.77 30.25 30.41 12M
Gilead Sciences GILD 37.58 37.65 36.49 36.73 11.6M
Bristol-Myers Squibb BMY 27.03 27.14 26.62 26.84 10.9M
Merck MRK 37.00 37.05 36.32 36.52 10.4M
Wal-Mart Stores WMT 53.45 53.76 53.13 53.32 10.2M
Walt Disney & Co. DIS 34.50 34.60 34.00 34.24 9.55M
Chevron CVX 83.38 83.68 82.14 82.79 9.46M
Alphabet GOOGL 608.85 614.82 602.86 607.83 9.17M
Amgen AMGN 57.67 58.74 56.85 57.33 8.71M
Pepsico PEP 66.06 66.22 64.95 65.41 8.36M
Amazon AMZN 160.68 162.80 157.00 158.67 7.52M
Visa V 77.61 79.56 77.24 77.55 7.24M
United Technologies UTX 73.80 74.18 72.85 73.61 5.81M
McDonald's MCD 77.08 77.62 76.68 76.99 5.23M
Berkshire Hathaway BRK.B 82.91 83.43 82.01 82.36 4.95M
Boeing BA 69.57 69.96 68.35 69.05 4.49M
3M MMM 88.75 88.96 87.51 88.55 3.89M
Union Pacific UNP 84.51 85.03 83.16 84.31 2.7M
Exchange Rates of October 19, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.610 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.032 CAD 1 CAD = 0.969 USD
US Dollar Swiss Franc 1 USD = 0.971 CHF 1 CHF = 1.030 USD
US Dollar Chinese Yuan 1 USD = 6.645 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 112.140 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.875 GBP 1 GBP = 1.143 EUR
Euro Australian Dollar 1 EUR = 1.415 AUD 1 AUD = 0.707 EUR
Euro Canadian Dollar 1 EUR = 1.418 CAD 1 CAD = 0.705 EUR
Euro Swiss Franc 1 EUR = 1.334 CHF 1 CHF = 0.750 EUR
Euro Chinese Yuan 1 EUR = 9.125 CNY 1 CNY = 0.110 EUR
Japanese Yen Pound Sterling 1 JPY = 0.780 GBP 1 GBP = 1.282 JPY
Japanese Yen Australian Dollar 1 JPY = 1.261 AUD 1 AUD = 0.793 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.265 CAD 1 CAD = 0.791 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.617 AUD 1 AUD = 0.618 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.621 CAD 1 CAD = 0.617 GBP
Pound Sterling Swiss Franc 1 GBP = 1.524 CHF 1 CHF = 0.656 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.418 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.002 CAD 1 CAD = 0.998 AUD
Australian Dollar Swiss Franc 1 AUD = 0.943 CHF 1 CHF = 1.061 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.441 CNY 1 CNY = 0.155 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.940 CHF 1 CHF = 1.064 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.433 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.844 CNY 1 CNY = 0.146 CHF

See what else happened on October 19, 2010