Financial news on September 20th, 2010

Business and Financial news
At Networks, Gloves Are Already Off

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..

By BILL CARTER - The New York Times

Buyout Groups Said to Eye Hero Honda Stake

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..

By DEALBOOK - The New York Times

China’s SAIC Noncommittal on Stake in G.M. I.P.O.

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..

By DEALBOOK - The New York Times

Denmark’s Pandora Prices I.P.O.

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..

By DEALBOOK - The New York Times

Former Goldman Quant Plans Comeback

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..

By DEALBOOK - The New York Times

General Growth Said to Settle With Hughes Heirs

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..

By DEALBOOK - The New York Times

Obama Fends Off Charges of Vilifying Wall St.

President Obama pushed back when some in his CNBC audience urged him not to vilify business leaders and Wall Street. Read more..

By DEALBOOK - The New York Times

Peloton Founder Said to Launch New Fund

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..

By DEALBOOK - The New York Times

Spain Is Ripe for Cloud Computing but Slow to Adopt

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..

By RAPHAEL MINDER - International Herald Tribune

The Stakes in the Barnes & Noble Spat

The struggle for the bookseller centers on the company’s plans for competing in the era of electronic books. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,9721,9921,6421,7555.7M
MicrosoftMSFT25,2825,5225,1125,4349.8M
Oracle Corp.ORCL27,3527,5727,0327,4949.7M
General ElectricGE16,2716,6016,2316,5546.1M
IntelINTC18,8918,9618,6918,9344.9M
JPMorgan ChaseJPM40,2441,3140,0341,1933.3M
PfizerPFE17,0817,3317,0417,2831.4M
Wells Fargo & Co.WFC26,0926,6525,9226,5630.5M
AT&T Inc.T28,4128,6328,2228,5428.5M
AppleAAPL276,08283,78275,85283,2323.5M
HP Inc.HPQ39,2539,5639,1639,3922.2M
ComcastCMCSA17,7618,3017,7418,1021.9M
ExxonMobilXOM61,0461,8260,9561,5521.8M
Verizon CommunicationsVZ31,8432,1731,5832,0921.6M
Bristol-Myers SquibbBMY27,4227,8727,4127,8111.9M
Home DepotHD30,0430,7429,9030,6511.5M
Abbott LaboratoriesABT51,6052,3951,5352,2611.2M
Gilead SciencesGILD34,5635,6934,5535,5911.2M
Johnson & JohnsonJNJ61,6562,2361,5162,0911M
MerckMRK36,3636,6436,2336,5410.5M
Walt Disney & Co.DIS34,5634,9934,5334,9010.2M
ConocoPhillipsCOP55,5557,1755,3256,8310.2M
SchlumbergerSLB58,2159,1357,7758,849.37M
AltriaMO23,6023,7623,4523,719.3M
Wal-Mart StoresWMT53,1053,6753,0953,549.26M
Procter & GamblePG61,0161,5960,9161,439.05M
AlphabetGOOGL492,50510,41492,06508,288.8M
ChevronCVX78,5480,1378,4779,907.73M
VisaV68,5070,3268,0770,317.35M
International Business MachinesIBM130,24132,09130,11131,797.15M
Coca-ColaKO57,6258,0057,5557,977.03M
AmazonAMZN148,70151,95147,35151,306.45M
AmgenAMGN55,1956,0854,9755,946.3M
Berkshire HathawayBRK.B82,8483,7082,8283,516.11M
UnitedHealth GroupUNH34,3735,0334,3534,935.64M
PepsicoPEP66,2666,9866,0566,895.06M
McDonald'sMCD74,3275,3574,3075,114.21M
BoeingBA62,9963,9062,5363,724.17M
3MMMM86,2687,6386,0687,413.66M
Union PacificUNP80,1981,6480,0180,743.49M
United TechnologiesUTX69,7070,6269,2570,372.96M
Exchange Rates of September 20th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,680 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,030 CAD1 CAD = 0,971 USD
US DollarSwiss Franc1 USD = 1,005 CHF1 CHF = 0,995 USD
US DollarChinese Yuan1 USD = 6,715 CNY1 CNY = 0,149 USD
EuroJapanese Yen1 EUR = 111,920 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,840 GBP1 GBP = 1,190 EUR
EuroAustralian Dollar1 EUR = 1,381 AUD1 AUD = 0,724 EUR
EuroCanadian Dollar1 EUR = 1,345 CAD1 CAD = 0,743 EUR
EuroSwiss Franc1 EUR = 1,313 CHF1 CHF = 0,762 EUR
EuroChinese Yuan1 EUR = 8,771 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,751 GBP1 GBP = 1,332 JPY
Japanese YenAustralian Dollar1 JPY = 1,233 AUD1 AUD = 0,811 JPY
Japanese YenCanadian Dollar1 JPY = 1,202 CAD1 CAD = 0,832 JPY
Japanese YenSwiss Franc1 JPY = 1,173 CHF1 CHF = 0,853 JPY
Pound SterlingAustralian Dollar1 GBP = 1,643 AUD1 AUD = 0,609 GBP
Pound SterlingCanadian Dollar1 GBP = 1,601 CAD1 CAD = 0,625 GBP
Pound SterlingSwiss Franc1 GBP = 1,562 CHF1 CHF = 0,640 GBP
Pound SterlingChinese Yuan1 GBP = 10,430 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,974 CAD1 CAD = 1,027 AUD
Australian DollarSwiss Franc1 AUD = 0,951 CHF1 CHF = 1,052 AUD
Australian DollarChinese Yuan1 AUD = 6,356 CNY1 CNY = 0,157 AUD
Canadian DollarSwiss Franc1 CAD = 0,976 CHF1 CHF = 1,025 CAD
Canadian DollarChinese Yuan1 CAD = 6,521 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,680 CNY1 CNY = 0,150 CHF

See what else happened on September 20th, 2010