Financial news on November 23rd, 2010

Business and Financial news
After J. Crew, Who’s Next?

Some top picks after the “game changer” acquisition of J. Crew Read more..

By ANDREW ROSS SORKIN - The New York Times

A Shift From Company Cars

For employers, car sharing is a way to reduce automobile rental costs and the expense of a large vehicle fleet. Read more..

By ELIZABETH OLSON - The New York Times

Children’s Benadryl Tablets Recalled

Some flavored Benadryl allergy tablets and bottles of junior-strength Motrin were recalled at the wholesale level because of manufacturing problems. Read more..

By BLOOMBERG NEWS - The New York Times

CNBC: Interview with John Kinnucan

The founder of Broadband Research LLC, John Kinnucan, is one of the figures in the series of ongoing inquiries into insider trading. He spoke to CNBC's "The Strategy Session" about why F.B.I. agents approached him to cooperate in the investigation... Read more..

Mac William Bishop - The New York Times

Deal for J. Crew Allows It to Go Shopping

The Deal Professor examines the go-shop provision, which is fairly common in private equity deals and allows a target company to see if there are higher bids from third-party suitors. Read more..


For Harrah’s I.P.O., Investors Are Wary

A record number of companies, including Harrah’s, look set to abort their market debuts as investors looks skeptically. Read more..

By ROB COX and WEI GU - The New York Times

H.P. Surpasses Forecasts With 5% Jump in Profit

Revenue rose 8 percent, to $33.3 billion in the fourth quarter, compared with $30.8 billion in the period a year ago. Read more..

By LAURIE J. FLYNN - The New York Times

J. Crew Shares Pop; Could Another Buyer Surface?

J. Crew shares look poised to open higher than the potential sale price that DealBook reported on Monday. We consider what might be on shareholders’ minds. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Qantas Returns A380 Planes to Use

An investigation continues into the disintegration of an engine as a plane took off from Singapore on Nov. 4. Read more..

By M. AMEDEO TUMOLILLO - The New York Times

What to Expect in the Holiday Travel Chaos

The day before Thanksgiving is normally the busiest day for air travel. Here are some tips on getting through it. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.4419.4419.1819.2092M
General ElectricGE15.8315.8915.6315.7655.9M
HP Inc.HPQ43.9844.4443.1144.1951.5M
JPMorgan ChaseJPM38.0138.2237.6037.6335.3M
Oracle Corp.ORCL27.7527.8227.0827.1931.3M
General MotorsGM33.9533.9933.1933.2531.2M
Wells Fargo & Co.WFC26.6426.9526.5326.8030.2M
AT&T Inc.T28.1028.1527.9128.0318.9M
Abbott LaboratoriesABT47.1747.2046.8546.9518.7M
Johnson & JohnsonJNJ62.9963.2562.6562.8714.8M
Verizon CommunicationsVZ32.3232.5732.2332.3914M
Wal-Mart StoresWMT54.2054.2653.5653.6713.9M
Walt Disney & Co.DIS36.5336.6236.0036.1211.9M
Home DepotHD30.9831.0030.8330.9111.7M
Procter & GamblePG63.0763.1362.3262.6110.5M
Bristol-Myers SquibbBMY25.6925.7025.4325.569.13M
Gilead SciencesGILD37.4037.6036.9436.989.1M
UnitedHealth GroupUNH36.1536.3435.7836.056.58M
International Business MachinesIBM144.24144.53142.33143.184.57M
Berkshire HathawayBRK.B79.4979.9079.0279.094.32M
United TechnologiesUTX74.3774.4873.7074.184.11M
Union PacificUNP89.3989.4588.3289.013.53M
Exchange Rates of November 23rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83.140 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.024 CAD1 CAD = 0.977 USD
US DollarSwiss Franc1 USD = 0.997 CHF1 CHF = 1.003 USD
US DollarChinese Yuan1 USD = 6.643 CNY1 CNY = 0.151 USD
EuroJapanese Yen1 EUR = 111.110 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.847 GBP1 GBP = 1.181 EUR
EuroAustralian Dollar1 EUR = 1.375 AUD1 AUD = 0.728 EUR
EuroCanadian Dollar1 EUR = 1.369 CAD1 CAD = 0.731 EUR
EuroSwiss Franc1 EUR = 1.333 CHF1 CHF = 0.750 EUR
EuroChinese Yuan1 EUR = 8.889 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.762 GBP1 GBP = 1.312 JPY
Japanese YenAustralian Dollar1 JPY = 1.236 AUD1 AUD = 0.809 JPY
Japanese YenCanadian Dollar1 JPY = 1.231 CAD1 CAD = 0.812 JPY
Japanese YenSwiss Franc1 JPY = 1.199 CHF1 CHF = 0.834 JPY
Pound SterlingAustralian Dollar1 GBP = 1.622 AUD1 AUD = 0.617 GBP
Pound SterlingCanadian Dollar1 GBP = 1.615 CAD1 CAD = 0.619 GBP
Pound SterlingSwiss Franc1 GBP = 1.572 CHF1 CHF = 0.636 GBP
Pound SterlingChinese Yuan1 GBP = 10.478 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.996 CAD1 CAD = 1.004 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.032 AUD
Australian DollarChinese Yuan1 AUD = 6.467 CNY1 CNY = 0.155 AUD
Canadian DollarSwiss Franc1 CAD = 0.973 CHF1 CHF = 1.028 CAD
Canadian DollarChinese Yuan1 CAD = 6.494 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 6.665 CNY1 CNY = 0.150 CHF

See what else happened on November 23rd, 2010