Financial news on February 22nd, 2010

Business and Financial news
Aging Rocker Turns Pitchman in Germany

An advertising campaign featuring Alice Cooper that both satirizes and promotes modern technology has helped rescue sales at Saturn, a chain of electronics outlets that belongs to Metro Group. Read more..

By JACK EWING - International Herald Tribune

Asia’s Boom Conceals Some Darker Prospects

The region still faces significant economic challenges, ranging from deflation in anemic Japan to an over-reliance on exports in places like Taiwan. Read more..

By BETTINA WASSENER - International Herald Tribune

A Vision of Iceland as a Haven for Journalists

The country is weighing legislation offering reporters and publishers aggressive protections for free speech and investigative journalism. Read more..

By NOAM COHEN - The New York Times

Funds and Goldman Deny Acting Improperly on Greece

Several hedge funds named last week in the Greek press have denied shorting the country’s debt, while others declined to comment. Read more..

By CHRIS V. NICHOLSON - The New York Times

Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas

Two papers suggest that the fund is re-examining some ideas on keeping inflation low and allowing money to flow freely across international boundaries. Read more..

By SEWELL CHAN - The New York Times

Networks Wary of Apple’s Push to Cut Show Prices

Apple wants to ignite TV show sales, especially as it prepares to introduce the iPad. But its proposals to lower prices are being met with skepticism from networks. Read more..

By BRIAN STELTER - The New York Times

Stumbling in the Race to Feed Africa’s Millions

While much of the world enjoys plentiful harvests, malnutrition remains epidemic in sub-Saharan Africa. Read more..

By JOHN COLLINS RUDOLF - International Herald Tribune

Textbooks That Professors Can Rewrite Digitally

Macmillan is introducing software that will allow college instructors to edit digital editions of textbooks without consulting the original authors or publisher. Read more..

By MOTOKO RICH - The New York Times

Total Agrees to Stop Refinery Closings in France

Total promised the French government it would not shut any more refineries in France as employees continued a strike. Read more..

By BLOOMBERG NEWS - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.2316.3416.1616.2545M
JPMorgan ChaseJPM40.4041.3040.2540.8543.9M
Wells Fargo & Co.WFC27.4828.1527.3828.0141.9M
Oracle Corp.ORCL24.5924.9824.4424.8137.1M
Cisco SystemsCSCO24.3924.4624.1524.3031.4M
AT&T Inc.T25.1325.1624.9725.0231.1M
Berkshire HathawayBRK.B79.2880.0978.3279.5617M
UnitedHealth GroupUNH32.1133.1231.8833.0816.3M
Home DepotHD30.4030.5530.2030.3216.1M
Verizon CommunicationsVZ29.0629.1328.9029.0014.6M
Gilead SciencesGILD48.5548.8047.6247.8813.9M
HP Inc.HPQ50.7150.8950.2650.5612.4M
Wal-Mart StoresWMT53.5253.9253.3453.8312.1M
Abbott LaboratoriesABT54.4954.5253.9654.4012M
Johnson & JohnsonJNJ63.8164.1063.3963.499.84M
Procter & GamblePG63.6963.8863.3063.429.68M
Bristol-Myers SquibbBMY24.9524.9824.4424.688.66M
Walt Disney & Co.DIS31.3531.4731.0631.127.87M
Union PacificUNP66.6067.0966.4466.854.31M
International Business MachinesIBM127.30127.43126.31126.853.81M
United TechnologiesUTX68.8468.9268.1368.403.31M
Exchange Rates of February 22nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.110 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.043 CAD1 CAD = 0.959 USD
US DollarSwiss Franc1 USD = 1.076 CHF1 CHF = 0.929 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 123.890 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.878 GBP1 GBP = 1.139 EUR
EuroAustralian Dollar1 EUR = 1.510 AUD1 AUD = 0.662 EUR
EuroCanadian Dollar1 EUR = 1.418 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.463 CHF1 CHF = 0.684 EUR
EuroChinese Yuan1 EUR = 9.281 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.709 GBP1 GBP = 1.411 JPY
Japanese YenAustralian Dollar1 JPY = 1.218 AUD1 AUD = 0.821 JPY
Japanese YenCanadian Dollar1 JPY = 1.144 CAD1 CAD = 0.874 JPY
Japanese YenSwiss Franc1 JPY = 1.181 CHF1 CHF = 0.847 JPY
Pound SterlingAustralian Dollar1 GBP = 1.719 AUD1 AUD = 0.582 GBP
Pound SterlingCanadian Dollar1 GBP = 1.614 CAD1 CAD = 0.620 GBP
Pound SterlingSwiss Franc1 GBP = 1.666 CHF1 CHF = 0.600 GBP
Australian DollarCanadian Dollar1 AUD = 0.939 CAD1 CAD = 1.065 AUD
Australian DollarSwiss Franc1 AUD = 0.968 CHF1 CHF = 1.033 AUD
Australian DollarChinese Yuan1 AUD = 6.145 CNY1 CNY = 0.163 AUD
Canadian DollarSwiss Franc1 CAD = 1.032 CHF1 CHF = 0.969 CAD
Canadian DollarChinese Yuan1 CAD = 6.546 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.343 CNY1 CNY = 0.158 CHF

See what else happened on February 22nd, 2010