Financial news on February 22, 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

Stock Ticker symbol Open High Low Close Volume
Schlumberger SLB 60,09 61,94 59,75 61,57 87.1M
Pfizer PFE 17,98 18,15 17,78 17,95 58M
General Electric GE 16,23 16,34 16,16 16,25 45M
JPMorgan Chase JPM 40,40 41,30 40,25 40,85 43.9M
Wells Fargo & Co. WFC 27,48 28,15 27,38 28,01 41.9M
Intel INTC 20,95 20,96 20,65 20,87 38.7M
Oracle Corp. ORCL 24,59 24,98 24,44 24,81 37.1M
Microsoft MSFT 28,84 28,94 28,65 28,73 36.7M
Cisco Systems CSCO 24,39 24,46 24,15 24,30 31.4M
AT&T Inc. T 25,13 25,16 24,97 25,02 31.1M
ExxonMobil XOM 66,10 66,12 65,25 65,40 20.5M
Comcast CMCSA 16,10 16,29 16,01 16,19 19.8M
Merck MRK 37,86 37,86 36,60 37,12 17.6M
Berkshire Hathaway BRK.B 79,28 80,09 78,32 79,56 17M
UnitedHealth Group UNH 32,11 33,12 31,88 33,08 16.3M
Home Depot HD 30,40 30,55 30,20 30,32 16.1M
Verizon Communications VZ 29,06 29,13 28,90 29,00 14.6M
Apple AAPL 202,34 202,50 199,19 200,42 13.9M
Gilead Sciences GILD 48,55 48,80 47,62 47,88 13.9M
Altria MO 20,13 20,33 20,08 20,27 12.8M
HP Inc. HPQ 50,71 50,89 50,26 50,56 12.4M
Wal-Mart Stores WMT 53,52 53,92 53,34 53,83 12.1M
Abbott Laboratories ABT 54,49 54,52 53,96 54,40 12M
ConocoPhillips COP 49,29 49,29 48,53 48,70 11M
Johnson & Johnson JNJ 63,81 64,10 63,39 63,49 9.84M
Procter & Gamble PG 63,69 63,88 63,30 63,42 9.68M
Chevron CVX 74,17 74,22 72,79 72,96 8.68M
Bristol-Myers Squibb BMY 24,95 24,98 24,44 24,68 8.66M
Walt Disney & Co. DIS 31,35 31,47 31,06 31,12 7.87M
Amgen AMGN 57,36 57,44 56,80 57,10 7.18M
Amazon AMZN 117,37 118,97 116,18 118,01 6.81M
Coca-Cola KO 55,80 55,86 55,27 55,38 6.74M
Boeing BA 63,58 64,47 63,19 63,97 6.03M
Pepsico PEP 62,69 62,87 62,10 62,41 4.71M
Union Pacific UNP 66,60 67,09 66,44 66,85 4.31M
Alphabet GOOGL 547,35 547,50 541,00 542,80 4.28M
McDonald's MCD 64,93 64,93 64,63 64,77 4.27M
International Business Machines IBM 127,30 127,43 126,31 126,85 3.81M
United Technologies UTX 68,84 68,92 68,13 68,40 3.31M
3M MMM 81,71 81,76 80,55 80,68 3.03M
Visa V 87,05 87,76 86,81 86,91 2.89M
Exchange Rates of February 22, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91,110 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,043 CAD 1 CAD = 0,959 USD
US Dollar Swiss Franc 1 USD = 1,076 CHF 1 CHF = 0,929 USD
US Dollar Chinese Yuan 1 USD = 6,827 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 123,890 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,878 GBP 1 GBP = 1,139 EUR
Euro Australian Dollar 1 EUR = 1,510 AUD 1 AUD = 0,662 EUR
Euro Canadian Dollar 1 EUR = 1,418 CAD 1 CAD = 0,705 EUR
Euro Swiss Franc 1 EUR = 1,463 CHF 1 CHF = 0,684 EUR
Euro Chinese Yuan 1 EUR = 9,281 CNY 1 CNY = 0,108 EUR
Japanese Yen Pound Sterling 1 JPY = 0,709 GBP 1 GBP = 1,411 JPY
Japanese Yen Australian Dollar 1 JPY = 1,218 AUD 1 AUD = 0,821 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,144 CAD 1 CAD = 0,874 JPY
Japanese Yen Swiss Franc 1 JPY = 1,181 CHF 1 CHF = 0,847 JPY
Pound Sterling Australian Dollar 1 GBP = 1,719 AUD 1 AUD = 0,582 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,614 CAD 1 CAD = 0,620 GBP
Pound Sterling Swiss Franc 1 GBP = 1,666 CHF 1 CHF = 0,600 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,939 CAD 1 CAD = 1,065 AUD
Australian Dollar Swiss Franc 1 AUD = 0,968 CHF 1 CHF = 1,033 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,145 CNY 1 CNY = 0,163 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,032 CHF 1 CHF = 0,969 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,546 CNY 1 CNY = 0,153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,343 CNY 1 CNY = 0,158 CHF

See what else happened on February 22, 2010