Financial news on September 21, 2010

Business and Financial news
An Angel Investor Demystified?

In The New York Times’s blog You’re the Boss, Adriana Gardella draws attention to an interview in The Pittsburgh Post-Gazette with angel investor Catherine Mott, which she says explains what motivates them and sets them apart from venture capitalists. Read more..

By DEALBOOK - The New York Times

Blackstone Unit Said to Pull Out of Liverpool Talks

Despite a deluge of mail from supportive fans, the Blackstone Group has ended talks with Tom Hicks, the co-owner of Liverpool Football Club, about a financing deal for the English Premier League soccer team, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

European Bailout Fund Receives High Ratings

International credit rating agencies on Monday gave their top grade to Europe’s sovereign bailout fund, but the move failed to halt the strain on the ailing government bonds of Ireland and Portugal. Read more..

By DEALBOOK - The New York Times

Ikea Expects to Double Buying of Goods in India

A global furniture and housewares retailer is taking a long-term approach to the lucrative Indian market. Read more..

By HEATHER TIMMONS - The New York Times

Indian Bid for MGM Is a Safe Move for Hollywood

One of India’s top film producers, Sahara India Pariwar, is interested in Metro-Goldwyn-Mayer, a deal would probably provoke only relief in Tinseltown because it would not upset the industry’s status quo, Reuters Breakingviews says. Read more..

By DEALBOOK - The New York Times

In Extending Potash Bid, BHP Shows It Will Wait

BHP Billiton extended the offer period for its $39 billion takeover of Canada’s Potash Corp on Monday, after failing to win immediate backing from Canadian authorities. Read more..

By DEALBOOK - The New York Times

Morning Take-Out

GMAC’s letter suspending foreclosures; Pimco on European debt; newspapers’ Apple problem. Read more..

By DEALBOOK - The New York Times

Oil Company Fined in Royalty Case

A judge ordered Kerr-McGee Oil and Gas to pay millions in penalties, including some to a whistle-blower who said the company cheated the government out of royalties. Read more..

By ERIC LICHTBLAU - The New York Times

Twin Contests Seek TV Pilot and Project Ideas

The New York Television Festival is sponsoring a pair of contests for would-be TV moguls. Read more..

By DEALBOOK - The New York Times

Unicredit’s Chief Said Set to Step Down

The chief executive of Unicredit, the largest bank in Italy, is widely expected to announce his resignation Tuesday afternoon at a special board meeting called in Milan. Read more..

By CHRIS V. NICHOLSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 27.33 27.36 26.70 26.82 82.7M
Cisco Systems CSCO 21.78 21.96 21.37 21.64 69.7M
Intel INTC 18.88 19.27 18.84 19.14 69.1M
General Electric GE 16.52 16.70 16.42 16.52 54.2M
Microsoft MSFT 25.42 25.42 25.08 25.15 52.7M
Pfizer PFE 17.24 17.28 17.09 17.14 43.9M
Bristol-Myers Squibb BMY 27.87 28.00 27.71 27.79 37.4M
JPMorgan Chase JPM 41.31 41.50 40.47 40.59 33.5M
Wells Fargo & Co. WFC 26.63 26.96 26.29 26.38 32.2M
AT&T Inc. T 28.58 28.88 28.31 28.61 30.4M
HP Inc. HPQ 39.55 40.52 39.40 39.92 26M
Apple AAPL 283.86 287.35 282.79 283.77 23.9M
Verizon Communications VZ 32.12 32.50 31.89 32.32 20.6M
ExxonMobil XOM 61.65 61.90 61.25 61.54 20.5M
Comcast CMCSA 18.07 18.28 18.02 18.13 20.1M
Home Depot HD 30.79 31.27 30.69 30.91 13.8M
Merck MRK 36.54 36.94 36.37 36.72 12.3M
Altria MO 23.69 23.88 23.62 23.86 12.2M
Abbott Laboratories ABT 52.36 52.36 51.75 52.15 12M
Walt Disney & Co. DIS 34.91 34.98 34.27 34.50 11.6M
Procter & Gamble PG 61.45 61.86 61.23 61.52 11.3M
ConocoPhillips COP 56.92 57.04 56.30 56.52 11.1M
Gilead Sciences GILD 35.49 35.96 35.17 35.90 9.53M
Johnson & Johnson JNJ 61.86 62.23 61.80 61.94 9.45M
Wal-Mart Stores WMT 53.52 53.96 53.32 53.57 9.43M
Alphabet GOOGL 509.68 519.98 508.91 513.46 8.92M
Chevron CVX 80.04 80.23 79.10 79.75 8.6M
Schlumberger SLB 58.85 59.81 58.66 59.29 8.34M
Amazon AMZN 150.76 153.31 149.60 150.73 7.54M
Pepsico PEP 66.91 66.91 65.93 66.46 7.46M
Coca-Cola KO 57.81 58.20 57.65 58.11 7.38M
UnitedHealth Group UNH 34.89 35.50 34.83 35.26 6.43M
Visa V 70.45 71.11 69.52 69.94 6.32M
Boeing BA 63.80 64.50 63.39 64.23 5.36M
Berkshire Hathaway BRK.B 83.49 83.83 82.82 83.09 5.32M
McDonald's MCD 75.32 75.75 74.88 75.51 5.3M
International Business Machines IBM 131.45 132.80 130.78 131.98 5.27M
Amgen AMGN 55.88 56.00 55.34 55.75 5.15M
United Technologies UTX 70.53 71.22 70.28 70.60 4.47M
3M MMM 86.65 87.62 86.06 86.55 3.68M
Union Pacific UNP 81.26 82.32 80.93 81.23 2.93M
Exchange Rates of September 21, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.150 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.026 CAD 1 CAD = 0.975 USD
US Dollar Swiss Franc 1 USD = 0.997 CHF 1 CHF = 1.003 USD
US Dollar Chinese Yuan 1 USD = 6.707 CNY 1 CNY = 0.149 USD
Euro Japanese Yen 1 EUR = 112.830 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.849 GBP 1 GBP = 1.178 EUR
Euro Australian Dollar 1 EUR = 1.389 AUD 1 AUD = 0.720 EUR
Euro Canadian Dollar 1 EUR = 1.359 CAD 1 CAD = 0.736 EUR
Euro Swiss Franc 1 EUR = 1.321 CHF 1 CHF = 0.757 EUR
Euro Chinese Yuan 1 EUR = 8.890 CNY 1 CNY = 0.112 EUR
Japanese Yen Pound Sterling 1 JPY = 0.752 GBP 1 GBP = 1.330 JPY
Japanese Yen Australian Dollar 1 JPY = 1.231 AUD 1 AUD = 0.813 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.204 CAD 1 CAD = 0.830 JPY
Japanese Yen Swiss Franc 1 JPY = 1.171 CHF 1 CHF = 0.854 JPY
Pound Sterling Australian Dollar 1 GBP = 1.636 AUD 1 AUD = 0.611 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.600 CAD 1 CAD = 0.625 GBP
Pound Sterling Swiss Franc 1 GBP = 1.556 CHF 1 CHF = 0.643 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.459 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.978 CAD 1 CAD = 1.022 AUD
Australian Dollar Swiss Franc 1 AUD = 0.951 CHF 1 CHF = 1.052 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.397 CNY 1 CNY = 0.156 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.972 CHF 1 CHF = 1.029 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.538 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.726 CNY 1 CNY = 0.149 CHF

See what else happened on September 21, 2010