Financial news on December 21st, 2009

Business and Financial news
A Dream for an Airline and a Hotel Chain

American Airlines and Hilton Hotels, both stars in the movie “Up in the Air,” paid nothing — really, nothing — to be part of it all. Read more..

By ANDREW ADAM NEWMAN - The New York Times

After a Year of Ruin, Some Hope

With a little bit of luck, maybe the media industry can conjure itself as a new kind of workplace that doesn’t include the legacy costs of trucks and printing presses. Read more..

By DAVID CARR - The New York Times

As Going Gets Tough, Nokia Brings Out Legal Guns

When Nokia, the world’s largest mobile phone maker, sued 11 competitors, it said it was conducting a routine defense of its intellectual property. But the suits were far from standard. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

As Phones Do More, They Become Targets of Hacking

Security companies are poised to sell products to protect phones, just as Symantec and McAfee sell products for PCs. Read more..

By BRAD STONE - The New York Times

Copenhagen’s One Real Accomplishment: Getting Some Money Flowing

The accord in Copenhagen was “a big step forward” after previous talks offered no financial support mechanisms, Ban Ki-moon, the U.N. secretary general, said. Read more..

By JAMES KANTER - International Herald Tribune

Credit Derivatives That Distort Markets

It is tough for holders of credit-default swaps to profiteer on defaults. But disclosure of which creditors are hedged with credit-default swaps is advisable before restructuring discussions begin. Read more..


In a Distressed Year, Hollywood Smiles

Premium-price tickets will help the industry reach more than $10 billion in ticket sales by the end of 2009. Read more..

By BROOKS BARNES - The New York Times

Labor Data Show Surge in Hiring of Temp Workers

Employers might soon take the next step of bringing on permanent workers if recovery seems durable. Read more..

By LOUIS UCHITELLE - The New York Times

Pfizer Acquires a Stem-Cell Therapy

Pfizer will have the rights to develop Athersys’s cells to treat inflammatory bowel disease, which is in early human testing. Read more..

By ANDREW POLLACK - The New York Times

Spending Less and Looking for Deals

Holiday shoppers are looking for ways to stretch their limited budgets. Read more..

By TEDDY WAYNE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Bristol-Myers SquibbBMY25.8926.6225.7925.8778M
General ElectricGE15.6915.7915.5415.5753.1M
Wells Fargo & Co.WFC26.9927.4926.8527.3447.2M
JPMorgan ChaseJPM41.5542.2441.5041.9036M
Cisco SystemsCSCO23.5223.8223.4823.6435.6M
Oracle Corp.ORCL24.3924.5724.2224.4326.9M
UnitedHealth GroupUNH31.9733.2531.9232.1724.4M
AT&T Inc.T27.3727.6927.3727.5421.2M
HP Inc.HPQ51.4952.2651.4551.9915.8M
Wal-Mart StoresWMT52.9453.5452.9353.4013.4M
Abbott LaboratoriesABT53.5854.2053.4253.9212.3M
Johnson & JohnsonJNJ64.6465.0064.2364.3311.1M
Verizon CommunicationsVZ33.0233.3232.9633.0210.1M
Home DepotHD28.7129.2528.7128.9610M
Procter & GamblePG61.6561.8561.2361.309.55M
Gilead SciencesGILD43.0343.5943.0043.167.87M
Walt Disney & Co.DIS32.0532.4931.9932.407.7M
International Business MachinesIBM127.80128.94127.68128.654.77M
United TechnologiesUTX69.5570.0369.2869.364.09M
Union PacificUNP63.9564.7863.8164.752.66M
Berkshire HathawayBRK.B3290.503305.503286.003299.0054.5K
Exchange Rates of December 21st, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.120 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.062 CAD1 CAD = 0.942 USD
US DollarSwiss Franc1 USD = 1.046 CHF1 CHF = 0.956 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 130.150 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.890 GBP1 GBP = 1.124 EUR
EuroAustralian Dollar1 EUR = 1.619 AUD1 AUD = 0.618 EUR
EuroCanadian Dollar1 EUR = 1.517 CAD1 CAD = 0.659 EUR
EuroSwiss Franc1 EUR = 1.494 CHF1 CHF = 0.670 EUR
EuroChinese Yuan1 EUR = 9.751 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.684 GBP1 GBP = 1.463 JPY
Japanese YenAustralian Dollar1 JPY = 1.244 AUD1 AUD = 0.804 JPY
Japanese YenCanadian Dollar1 JPY = 1.164 CAD1 CAD = 0.859 JPY
Japanese YenSwiss Franc1 JPY = 1.147 CHF1 CHF = 0.872 JPY
Pound SterlingAustralian Dollar1 GBP = 1.820 AUD1 AUD = 0.550 GBP
Pound SterlingCanadian Dollar1 GBP = 1.704 CAD1 CAD = 0.587 GBP
Pound SterlingSwiss Franc1 GBP = 1.678 CHF1 CHF = 0.596 GBP
Pound SterlingChinese Yuan1 GBP = 10.949 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.936 CAD1 CAD = 1.068 AUD
Australian DollarSwiss Franc1 AUD = 0.922 CHF1 CHF = 1.085 AUD
Australian DollarChinese Yuan1 AUD = 6.020 CNY1 CNY = 0.166 AUD
Canadian DollarSwiss Franc1 CAD = 0.984 CHF1 CHF = 1.016 CAD
Canadian DollarChinese Yuan1 CAD = 6.426 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.527 CNY1 CNY = 0.153 CHF

See what else happened on December 21st, 2009