Financial news on November 20th, 2009

Business and Financial news
A Lowly Grass Moves Up

Bamboo continues to gain favor as a modern, eco-friendly material for construction. Read more..

By ALEXANDRA S. SENO - The New York Times

AOL to Cut One-Third of Its Staff

AOL said on Thursday that about 2,500 jobs will be lost after it is spun off from Time Warner next month. Read more..

By TIM ARANGO - The New York Times

Google to Add Captions, Improving YouTube Videos

The move is the first major step toward making millions of videos accessible to deaf and hearing-impaired people. Read more..

By MIGUEL HELFT - The New York Times

Media Mogul's Battle With Deutsche Bank Escalates

German prosecutors said they filed fraud charges against the former chairman of Deutsche Bank in the latest development in Leo Kirch’s legal battle against the bank. Read more..

By CHRIS V. NICHOLSON - International Herald Tribune

Moody’s and S&P Scale Back Business in Australia

Standard & Poor’s has joined Moody’s in withdrawing its application to supply ratings of corporate bonds and other debt-based securities to retail investors after new rules were announced this month. Read more..

By CHRIS V. NICHOLSON - International Herald Tribune

O.E.C.D. Cautious in Economic Forecast

Stimulus spending in countries like China have helped bolster member nations of the Organization for Economic Cooperation and Development, but the economic outlook remains weak, it said. Read more..

By DAVID JOLLY - International Herald Tribune

Panel Votes to Broaden Oversight of the Fed

Rejecting warnings by the Obama administration, a committee approved a plan by Representative Ron Paul to carry out sweeping new audits of the central bank’s policy decisions and operations. Read more..

By EDMUND L. ANDREWS - The New York Times

U.S. Mortgage Delinquencies Reach a Record High

The Mortgage Bankers Association’s quarterly survey found that one in seven homeowners was either late on payments or was already in foreclosure. Read more..

By DAVID STREITFELD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.6615.7215.4515.5963.9M
Wells Fargo & Co.WFC28.2128.2827.6627.8741.9M
Cisco SystemsCSCO23.5023.5723.3023.4636.3M
JPMorgan ChaseJPM42.4742.7442.1542.4625.3M
Bristol-Myers SquibbBMY23.9224.5023.8924.4624.7M
Oracle Corp.ORCL22.2722.3922.1822.3424.5M
AT&T Inc.T26.1026.2926.0026.0223.7M
Home DepotHD26.9827.2726.7427.1817.6M
Johnson & JohnsonJNJ61.8262.6261.7262.3116.3M
Wal-Mart StoresWMT54.5354.8754.0054.2815.1M
HP Inc.HPQ49.5850.2749.5150.0414.4M
Abbott LaboratoriesABT53.2553.7452.8453.6413.3M
Procter & GamblePG62.0062.2261.4861.8012.4M
Verizon CommunicationsVZ30.3830.5330.3030.4312.1M
Walt Disney & Co.DIS30.0730.2529.8530.019.21M
UnitedHealth GroupUNH28.3028.7728.3028.569.01M
International Business MachinesIBM127.17127.69126.46126.965.35M
Gilead SciencesGILD46.2946.6446.0546.394.94M
Union PacificUNP64.5465.2564.3065.053.64M
United TechnologiesUTX67.7368.1167.4967.973.36M
Berkshire HathawayBRK.B3443.003459.003436.003447.0023.1K
Exchange Rates of November 20th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.860 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.070 CAD1 CAD = 0.935 USD
US DollarSwiss Franc1 USD = 1.018 CHF1 CHF = 0.983 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.050 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.901 GBP1 GBP = 1.110 EUR
EuroAustralian Dollar1 EUR = 1.624 AUD1 AUD = 0.616 EUR
EuroCanadian Dollar1 EUR = 1.590 CAD1 CAD = 0.629 EUR
EuroSwiss Franc1 EUR = 1.513 CHF1 CHF = 0.661 EUR
EuroChinese Yuan1 EUR = 10.149 CNY1 CNY = 0.099 EUR
Japanese YenPound Sterling1 JPY = 0.682 GBP1 GBP = 1.467 JPY
Japanese YenAustralian Dollar1 JPY = 1.230 AUD1 AUD = 0.813 JPY
Japanese YenCanadian Dollar1 JPY = 1.204 CAD1 CAD = 0.831 JPY
Japanese YenSwiss Franc1 JPY = 1.145 CHF1 CHF = 0.873 JPY
Pound SterlingAustralian Dollar1 GBP = 1.804 AUD1 AUD = 0.554 GBP
Pound SterlingCanadian Dollar1 GBP = 1.766 CAD1 CAD = 0.566 GBP
Pound SterlingSwiss Franc1 GBP = 1.679 CHF1 CHF = 0.596 GBP
Pound SterlingChinese Yuan1 GBP = 11.260 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.978 CAD1 CAD = 1.022 AUD
Australian DollarSwiss Franc1 AUD = 0.931 CHF1 CHF = 1.075 AUD
Australian DollarChinese Yuan1 AUD = 6.245 CNY1 CNY = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 0.951 CHF1 CHF = 1.052 CAD
Canadian DollarChinese Yuan1 CAD = 6.381 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.710 CNY1 CNY = 0.149 CHF

See what else happened on November 20th, 2009