Financial news on January 22nd, 2010

Business and Financial news
Basking in Islands of Legalisms

He has been accused of securities fraud and ordered to repay money. But millions are tied up in a trust in the Cook Islands. Read more..

By FLOYD NORRIS - The New York Times

Campaigns Walk the Invisible Tightrope

Some marketers are being upbeat and sometimes combative, while tempering optimism by staying away from Pollyannaish claims. Read more..

By STUART ELLIOTT - The New York Times

Google’s Sales Rose 17% in the Quarter, Fastest Pace in a Year

The results topped Wall Street’s expectations. Revenue for the quarter was $6.67 billion, up from $5.7 billion a year earlier. Read more..

By MIGUEL HELFT - The New York Times

If Bills Fail, a Quandary for Insurers

The health care legislation that could now die in the Senate might have helped the insurance industry over the long term. Read more..

By REED ABELSON - The New York Times

Indictments Against 7 in Galleon Insider Case

Prosecutors have expanded the charges to include two acts of conspiracy, rather than one, and other counts of securities fraud. Read more..

By ZACHERY KOUWE - The New York Times

Nokia Fires Back at Google With Free GPS on 10 Phones

Nokia’s addition of navigation software on its smartphones is an effort to match Google, which offers free GPS on phones using its Android system. Read more..

By KEVIN J. O'BRIEN - The New York Times

Southeast Asia Woos the World

With South East Asian countries from Vietnam to Indonesia promoting themselves as ideal retirement destinations, the efforts have created a niche market for real estate. Read more..

By JON GORVETT - International Herald Tribune

Strong Year for Goldman, as It Trims Bonus Pool

Goldman Sachs reported strong earnings on Thursday, but the bank reduced the share of revenue going to bonuses. Read more..

By GRAHAM BOWLEY - The New York Times

Toyota Issues a 2nd Recall

The latest recall involves 2.3 million vehicles because of accelerators that can get stuck and cause cars to speed up unintentionally. Read more..

By NICK BUNKLEY - The New York Times

Treasury Weighs Fixes to Foreclosures Program

The effort to revamp the Making Home Affordable program comes amid growing pressure to do less for banks and more for households. Read more..

By PETER S. GOODMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,5516,7616,0916,11163M
JPMorgan ChaseJPM40,6541,2038,8239,16107M
Cisco SystemsCSCO23,8423,9322,8722,9770.4M
Wells Fargo & Co.WFC27,9728,4127,1727,2669.5M
AT&T Inc.T25,5225,8325,3625,3938.4M
Oracle Corp.ORCL24,9425,0524,1124,1533.7M
Verizon CommunicationsVZ30,5730,9330,3030,3424.2M
UnitedHealth GroupUNH33,8234,1133,1033,1621M
HP Inc.HPQ51,0151,2049,2549,2920.3M
Wal-Mart StoresWMT52,9653,4752,6952,9419.4M
Procter & GamblePG59,7560,6959,2260,3117.7M
Home DepotHD28,2428,5527,6827,7216.7M
Bristol-Myers SquibbBMY24,9825,0524,5024,6015.9M
Abbott LaboratoriesABT55,3355,6654,4054,5114.6M
Walt Disney & Co.DIS30,5030,7129,9529,9814.5M
Johnson & JohnsonJNJ63,9164,1963,0963,2014M
Gilead SciencesGILD46,0746,4245,6546,0811M
International Business MachinesIBM128,67128,89125,37125,5010.1M
Berkshire HathawayBRK.B72,9073,2769,3670,108.78M
Union PacificUNP65,5666,2463,5163,855.83M
United TechnologiesUTX69,8770,2969,0069,085.81M
Exchange Rates of January 22nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89,840 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,058 CAD1 CAD = 0,946 USD
US DollarSwiss Franc1 USD = 1,041 CHF1 CHF = 0,961 USD
US DollarChinese Yuan1 USD = 6,828 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 126,990 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,877 GBP1 GBP = 1,140 EUR
EuroAustralian Dollar1 EUR = 1,570 AUD1 AUD = 0,637 EUR
EuroCanadian Dollar1 EUR = 1,495 CAD1 CAD = 0,669 EUR
EuroSwiss Franc1 EUR = 1,472 CHF1 CHF = 0,679 EUR
EuroChinese Yuan1 EUR = 9,649 CNY1 CNY = 0,104 EUR
Japanese YenPound Sterling1 JPY = 0,690 GBP1 GBP = 1,449 JPY
Japanese YenAustralian Dollar1 JPY = 1,235 AUD1 AUD = 0,810 JPY
Japanese YenCanadian Dollar1 JPY = 1,176 CAD1 CAD = 0,850 JPY
Japanese YenSwiss Franc1 JPY = 1,159 CHF1 CHF = 0,863 JPY
Pound SterlingAustralian Dollar1 GBP = 1,788 AUD1 AUD = 0,559 GBP
Pound SterlingCanadian Dollar1 GBP = 1,704 CAD1 CAD = 0,587 GBP
Pound SterlingSwiss Franc1 GBP = 1,677 CHF1 CHF = 0,596 GBP
Pound SterlingChinese Yuan1 GBP = 10,992 CNY1 CNY = 0,091 GBP
Australian DollarCanadian Dollar1 AUD = 0,952 CAD1 CAD = 1,051 AUD
Australian DollarSwiss Franc1 AUD = 0,937 CHF1 CHF = 1,067 AUD
Australian DollarChinese Yuan1 AUD = 6,148 CNY1 CNY = 0,163 AUD
Canadian DollarSwiss Franc1 CAD = 0,984 CHF1 CHF = 1,016 CAD
Canadian DollarChinese Yuan1 CAD = 6,455 CNY1 CNY = 0,155 CAD

See what else happened on January 22nd, 2010