Financial news on September 23rd, 2010

Business and Financial news
Buyers Send iPhones on a Long Relay to China

Demand for Apple gadgets has created a system for buying iPhones in New York and reselling them in China. Read more..

By NICK BILTON - The New York Times

Canary Wharf Owner Posts Rise in Net Asset Value

Songbird Estates, majority owner of Canary Wharf in London, booked a 6 percent rise in net asset value and proposed a fully underwritten, £140 million open offer of new ordinary shares. Read more..

By DEALBOOK - The New York Times

Diamond: Banks Value Social Responsibility More

Barclays’s president, Robert E. Diamond, said Wednesday that the global financial crisis has led to greater emphasis on social responsibility for banks. Read more..

By DEALBOOK - The New York Times

E.U. Approves Super-Watchdogs for Finance

The creation of pan-E.U. watchdogs to police banking, insurance and trading was approved by European Union lawmakers in one of the most far-reaching financial reforms of the decade. Read more..

By DEALBOOK - The New York Times

Liverpool Fans Mount New Offensive Against Hicks

How much do Liverpool Football Club fans dislike the team’s owner, Tom Hicks? They’re sending blast e-mails to scores of American reporters to get their message across. Read more..

By DEALBOOK - The New York Times

Nestlé Plans a Research Center to Focus on Indian Foods

The center, south of Delhi, will use local ingredients and spices to make products for India. Read more..

By HEATHER TIMMONS - The New York Times

Potash Corp. Files a Suit to Stop Takeover by BHP

Potash asserted the mining company made “false and misleading statements and omissions” in its $38.6 billion offer. Read more..

By IAN AUSTEN - The New York Times

Public TV Project Aims to Make Baby Boomers Its Own

While commercial television loves programs aimed at youth, a group of executives sees a big opportunity in the 77 million people ages 45 to 65. Read more..

By ELIZABETH JENSEN - The New York Times

Spending More on Ads To Overcome a Slump

A restaurant chain facing declining sales rejects a downgrade in quality or the use of discounts, in favor of pursuing a new marketing campaign. Read more..

By KERMIT PATTISON - The New York Times

Spending Too Carefully on Renewable Energy?

The American Recovery and Reinvestment Act, passed in February 2009, allocated $3.1 billion to improve energy efficiency and spur the use of renewable energy. But by July 9 of this year, only about 7.2 percent had been spent. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25.3025.6725.0425.0459.3M
General ElectricGE16.2716.3916.0516.1453.2M
Cisco SystemsCSCO21.5521.8121.4321.5336M
JPMorgan ChaseJPM39.6339.7038.9939.1033.5M
Oracle Corp.ORCL26.9627.4926.9627.1233.1M
Bristol-Myers SquibbBMY27.6228.0027.5427.6831.2M
AT&T Inc.T28.5328.7528.4528.5123.8M
HP Inc.HPQ39.1140.6739.0940.1522.9M
Walt Disney & Co.DIS33.6733.7333.0033.1218.1M
Home DepotHD30.6131.0930.5830.8416M
Verizon CommunicationsVZ32.2532.6032.0732.1716M
Procter & GamblePG61.4261.5861.1561.2210.1M
Abbott LaboratoriesABT51.5551.9351.5051.608.98M
Gilead SciencesGILD35.8936.2235.7035.788.74M
Johnson & JohnsonJNJ61.6362.0061.5761.818.39M
Wal-Mart StoresWMT53.7353.9253.5353.657.29M
UnitedHealth GroupUNH35.4035.8035.1935.446.71M
Berkshire HathawayBRK.B82.0682.7680.9881.244.57M
International Business MachinesIBM131.42132.78131.22131.673.9M
United TechnologiesUTX69.9670.5769.6269.803.41M
Union PacificUNP79.9080.7178.7879.172.68M
Exchange Rates of September 23rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84.390 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.034 CAD1 CAD = 0.967 USD
US DollarSwiss Franc1 USD = 0.986 CHF1 CHF = 1.015 USD
US DollarChinese Yuan1 USD = 6.706 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 112.360 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.849 GBP1 GBP = 1.178 EUR
EuroAustralian Dollar1 EUR = 1.403 AUD1 AUD = 0.713 EUR
EuroCanadian Dollar1 EUR = 1.377 CAD1 CAD = 0.726 EUR
EuroSwiss Franc1 EUR = 1.312 CHF1 CHF = 0.762 EUR
EuroChinese Yuan1 EUR = 8.928 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.755 GBP1 GBP = 1.324 JPY
Japanese YenAustralian Dollar1 JPY = 1.248 AUD1 AUD = 0.801 JPY
Japanese YenCanadian Dollar1 JPY = 1.225 CAD1 CAD = 0.816 JPY
Japanese YenSwiss Franc1 JPY = 1.168 CHF1 CHF = 0.857 JPY
Pound SterlingAustralian Dollar1 GBP = 1.652 AUD1 AUD = 0.605 GBP
Pound SterlingCanadian Dollar1 GBP = 1.622 CAD1 CAD = 0.617 GBP
Pound SterlingSwiss Franc1 GBP = 1.546 CHF1 CHF = 0.647 GBP
Pound SterlingChinese Yuan1 GBP = 10.507 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.982 CAD1 CAD = 1.019 AUD
Australian DollarSwiss Franc1 AUD = 0.935 CHF1 CHF = 1.069 AUD
Australian DollarChinese Yuan1 AUD = 6.364 CNY1 CNY = 0.157 AUD
Canadian DollarSwiss Franc1 CAD = 0.953 CHF1 CHF = 1.050 CAD
Canadian DollarChinese Yuan1 CAD = 6.483 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 6.802 CNY1 CNY = 0.147 CHF

See what else happened on September 23rd, 2010