Financial news on September 20, 2010
Business and Financial news
In what has been described as the most intensely competitive opening night in recent memory, each of the four major networks has something to prove and a lot on the line Monday. Read more..
KKR, TPG Capital, Carlyle Group and Bain Capital are competing to acquire a part of Honda Motor’s stake in India’s biggest motorcycle maker, five people with direct knowledge of the situation told Bloomberg News. Read more..
SAIC, the Chinese automaker and General Motors partner, said Monday it is paying close attention to G.M.’s upcoming stock sale, but gave no hint over whether it plans to take a stake itself. Read more..
Pandora, the Danish jewelry maker, on Monday priced its initial public offering of stock at a preliminary 175-225 crowns per share, which it said valued the company at up to 29.2 billion crowns ($5.13 billion), Reuters reported. Read more..
Ray Iwanowski, who co-managed Goldman Sachs flagship Global Alpha hedge fund until March 2009, is considering a new fund, according to Absolute Return + Alpha magazine. Read more..
General Growth Properties, the U.S. mall owner, will take full ownership of a Las Vegas residential property by paying $230 million to the heirs of Howard Hughes in a bid to settle a potential dispute, The Wall Street Journal reported. Read more..
President Obama pushed back when some in his CNBC audience urged him not to vilify business leaders and Wall Street. Read more..
Ron Beller, the hedge fund manager whose firm, Peloton Partners, collapsed after a huge bet on subprime securities went catastrophically sour, has launched a new company with former Peloton colleague Manal Mehta, Financial News reported. Read more..
Spain is seen by many technology experts as fertile ground to develop the shared Internet technology, with its potential to cut fixed costs. But businesses and public administration have been slow to adopt it. Read more..
The struggle for the bookseller centers on the company’s plans for competing in the era of electronic books. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.09||26.65||25.92||26.56||30.5M|
|Johnson & Johnson||JNJ||61.65||62.23||61.51||62.09||11M|
|Walt Disney & Co.||DIS||34.56||34.99||34.53||34.90||10.2M|
|Procter & Gamble||PG||61.01||61.59||60.91||61.43||9.05M|
|International Business Machines||IBM||130.24||132.09||130.11||131.79||7.15M|
Exchange Rates of September 20, 2010
|US Dollar||Japanese Yen||1 USD = 85.680 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.030 CAD||1 CAD = 0.971 USD|
|US Dollar||Swiss Franc||1 USD = 1.005 CHF||1 CHF = 0.995 USD|
|US Dollar||Chinese Yuan||1 USD = 6.715 CNY||1 CNY = 0.149 USD|
|Euro||Japanese Yen||1 EUR = 111.920 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.840 GBP||1 GBP = 1.190 EUR|
|Euro||Australian Dollar||1 EUR = 1.381 AUD||1 AUD = 0.724 EUR|
|Euro||Canadian Dollar||1 EUR = 1.345 CAD||1 CAD = 0.743 EUR|
|Euro||Swiss Franc||1 EUR = 1.313 CHF||1 CHF = 0.762 EUR|
|Euro||Chinese Yuan||1 EUR = 8.771 CNY||1 CNY = 0.114 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.751 GBP||1 GBP = 1.332 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.233 AUD||1 AUD = 0.811 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.202 CAD||1 CAD = 0.832 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.173 CHF||1 CHF = 0.853 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.643 AUD||1 AUD = 0.609 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.601 CAD||1 CAD = 0.625 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.562 CHF||1 CHF = 0.640 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.430 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.974 CAD||1 CAD = 1.027 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.951 CHF||1 CHF = 1.052 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.356 CNY||1 CNY = 0.157 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.976 CHF||1 CHF = 1.025 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.521 CNY||1 CNY = 0.153 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.680 CNY||1 CNY = 0.150 CHF|