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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL27,3327,3626,7026,8282.7M
Cisco SystemsCSCO21,7821,9621,3721,6469.7M
IntelINTC18,8819,2718,8419,1469.1M
General ElectricGE16,5216,7016,4216,5254.2M
MicrosoftMSFT25,4225,4225,0825,1552.7M
PfizerPFE17,2417,2817,0917,1443.9M
Bristol-Myers SquibbBMY27,8728,0027,7127,7937.4M
JPMorgan ChaseJPM41,3141,5040,4740,5933.5M
Wells Fargo & Co.WFC26,6326,9626,2926,3832.2M
AT&T Inc.T28,5828,8828,3128,6130.4M
HP Inc.HPQ39,5540,5239,4039,9226M
AppleAAPL283,86287,35282,79283,7723.9M
Verizon CommunicationsVZ32,1232,5031,8932,3220.6M
ExxonMobilXOM61,6561,9061,2561,5420.5M
ComcastCMCSA18,0718,2818,0218,1320.1M
Home DepotHD30,7931,2730,6930,9113.8M
MerckMRK36,5436,9436,3736,7212.3M
AltriaMO23,6923,8823,6223,8612.2M
Abbott LaboratoriesABT52,3652,3651,7552,1512M
Walt Disney & Co.DIS34,9134,9834,2734,5011.6M
Procter & GamblePG61,4561,8661,2361,5211.3M
ConocoPhillipsCOP56,9257,0456,3056,5211.1M
Gilead SciencesGILD35,4935,9635,1735,909.53M
Johnson & JohnsonJNJ61,8662,2361,8061,949.45M
Wal-Mart StoresWMT53,5253,9653,3253,579.43M
AlphabetGOOGL509,68519,98508,91513,468.92M
ChevronCVX80,0480,2379,1079,758.6M
SchlumbergerSLB58,8559,8158,6659,298.34M
AmazonAMZN150,76153,31149,60150,737.54M
PepsicoPEP66,9166,9165,9366,467.46M
Coca-ColaKO57,8158,2057,6558,117.38M
UnitedHealth GroupUNH34,8935,5034,8335,266.43M
VisaV70,4571,1169,5269,946.32M
BoeingBA63,8064,5063,3964,235.36M
Berkshire HathawayBRK.B83,4983,8382,8283,095.32M
McDonald'sMCD75,3275,7574,8875,515.3M
International Business MachinesIBM131,45132,80130,78131,985.27M
AmgenAMGN55,8856,0055,3455,755.15M
United TechnologiesUTX70,5371,2270,2870,604.47M
3MMMM86,6587,6286,0686,553.68M
Union PacificUNP81,2682,3280,9381,232.93M
Exchange Rates of September 21, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,150 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,026 CAD1 CAD = 0,975 USD
US DollarSwiss Franc1 USD = 0,997 CHF1 CHF = 1,003 USD
US DollarChinese Yuan1 USD = 6,707 CNY1 CNY = 0,149 USD
EuroJapanese Yen1 EUR = 112,830 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,849 GBP1 GBP = 1,178 EUR
EuroAustralian Dollar1 EUR = 1,389 AUD1 AUD = 0,720 EUR
EuroCanadian Dollar1 EUR = 1,359 CAD1 CAD = 0,736 EUR
EuroSwiss Franc1 EUR = 1,321 CHF1 CHF = 0,757 EUR
EuroChinese Yuan1 EUR = 8,890 CNY1 CNY = 0,112 EUR
Japanese YenPound Sterling1 JPY = 0,752 GBP1 GBP = 1,330 JPY
Japanese YenAustralian Dollar1 JPY = 1,231 AUD1 AUD = 0,813 JPY
Japanese YenCanadian Dollar1 JPY = 1,204 CAD1 CAD = 0,830 JPY
Japanese YenSwiss Franc1 JPY = 1,171 CHF1 CHF = 0,854 JPY
Pound SterlingAustralian Dollar1 GBP = 1,636 AUD1 AUD = 0,611 GBP
Pound SterlingCanadian Dollar1 GBP = 1,600 CAD1 CAD = 0,625 GBP
Pound SterlingSwiss Franc1 GBP = 1,556 CHF1 CHF = 0,643 GBP
Pound SterlingChinese Yuan1 GBP = 10,459 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,978 CAD1 CAD = 1,022 AUD
Australian DollarSwiss Franc1 AUD = 0,951 CHF1 CHF = 1,052 AUD
Australian DollarChinese Yuan1 AUD = 6,397 CNY1 CNY = 0,156 AUD
Canadian DollarSwiss Franc1 CAD = 0,972 CHF1 CHF = 1,029 CAD
Canadian DollarChinese Yuan1 CAD = 6,538 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,726 CNY1 CNY = 0,149 CHF

See what else happened on September 21, 2010