Financial news on September 22nd, 2009

Business and Financial news
A Financier Peels Back the Curtain

Guy Hands, perhaps best known for his unfortunate $4.73 billion purchase of EMI in 2007, offered an unvarnished appraisal of the private equity business. Read more..

By ANDREW ROSS SORKIN - The New York Times

Bank of America Seeks to Pay Back Federal Aid

The bank, under investigation by several agencies for its conduct while acquiring Merrill Lynch, is trying to smooth relations with regulators. Read more..

By LOUISE STORY - The New York Times

F.D.I.C. May Borrow Funds From Banks

Bankers fear the alternative to the plan to have healthy banks lend billions to help the fund would be worse. Read more..

By STEPHEN LABATON - The New York Times

Santander to Sell Stake in Brazilian Unit

The Spanish bank is seeking to raise as much as $7.3 billion in the share sale, which would be the largest ever in Brazil. Read more..

By DAVID JOLLY - The New York Times

When Good Manners Get Left at the Gate

A seasoned traveler tried to strike a balance between putting up with rudeness and taking a stand against it. Read more..

By LARRY WINGET - The New York Times

With Low Prices, Hyundai Builds Market Share

The South Korean automaker benefited from the clunkers program and “went from the perception of cheap to an excellent value,” says one analyst. Read more..

By NICK BUNKLEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.0617.1916.9117.0195.9M
Wells Fargo & Co.WFC28.6329.5428.3229.3945.2M
JPMorgan ChaseJPM44.8146.4944.4846.4741.1M
Cisco SystemsCSCO23.7123.7223.3023.4134.9M
Oracle Corp.ORCL21.5921.7121.3521.4134.2M
AT&T Inc.T26.9527.0026.4926.5027.7M
Abbott LaboratoriesABT46.6746.9346.4046.7317.1M
Verizon CommunicationsVZ29.6129.6229.3129.5117M
Wal-Mart StoresWMT51.0351.3050.9250.9914.5M
HP Inc.HPQ46.9547.1746.8047.0114.3M
Home DepotHD28.2428.3127.4827.6214.3M
UnitedHealth GroupUNH28.7228.7827.5127.5812.9M
Procter & GamblePG57.3057.5156.9657.2411.5M
Bristol-Myers SquibbBMY22.7022.7022.2722.2710.2M
Johnson & JohnsonJNJ60.8761.1760.3561.0810M
Walt Disney & Co.DIS28.1328.4028.0128.389.58M
Gilead SciencesGILD46.3846.6845.9946.136.8M
International Business MachinesIBM122.09122.11120.98121.615.56M
United TechnologiesUTX63.2163.3062.8063.234.58M
Union PacificUNP61.8562.6261.6662.002.74M
Berkshire HathawayBRK.B3349.003360.003308.003360.0033.1K
Exchange Rates of September 22nd, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.170 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.069 CAD1 CAD = 0.936 USD
US DollarSwiss Franc1 USD = 1.024 CHF1 CHF = 0.977 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 134.830 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.904 GBP1 GBP = 1.106 EUR
EuroAustralian Dollar1 EUR = 1.692 AUD1 AUD = 0.591 EUR
EuroCanadian Dollar1 EUR = 1.581 CAD1 CAD = 0.633 EUR
EuroSwiss Franc1 EUR = 1.514 CHF1 CHF = 0.660 EUR
Japanese YenPound Sterling1 JPY = 0.670 GBP1 GBP = 1.492 JPY
Japanese YenAustralian Dollar1 JPY = 1.255 AUD1 AUD = 0.797 JPY
Japanese YenCanadian Dollar1 JPY = 1.172 CAD1 CAD = 0.853 JPY
Japanese YenSwiss Franc1 JPY = 1.123 CHF1 CHF = 0.891 JPY
Pound SterlingAustralian Dollar1 GBP = 1.871 AUD1 AUD = 0.534 GBP
Pound SterlingCanadian Dollar1 GBP = 1.748 CAD1 CAD = 0.572 GBP
Pound SterlingSwiss Franc1 GBP = 1.674 CHF1 CHF = 0.597 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 0.894 CHF1 CHF = 1.119 AUD
Canadian DollarSwiss Franc1 CAD = 0.958 CHF1 CHF = 1.044 CAD

See what else happened on September 22nd, 2009