Financial news on February 24, 2010

Business and Financial news
As Deadline Nears, G.M.’s Sale of Hummer Faces Several Big Obstacles

A Chinese machinery company has failed to win regulatory approval and to gain financing to operate the automaker. Read more..

By KEITH BRADSHER - The New York Times

At F.D.I.C. , Bracing for a Wave of Failures

The Federal Deposit Insurance Corporation said it had placed 702 lenders on its list of “problem” banks, the most since 1993. Read more..

By ERIC DASH - The New York Times

Big Questions Still Linger on Eve of Health Care Meeting

Thursday’s meeting is mostly for show, but it could affect whether Congress passes a sweeping bill, a small bill or no bill. Read more..

By DAVID LEONHARDT - The New York Times

Former I.M.F. Chief Recommends That E.U. Merge Its Lending

Michel Camdessus said that the Union should consider merging its existing agencies into one bank able to spend more than €10 billion, or $13.5 billion, each year. Read more..

By STEPHEN CASTLE - International Herald Tribune

InterContinental Takes a Chance With a New Hotel

The InterContinental will be the largest hotel built from the ground up to open in the city since the Westin in 2002. Read more..

By TERRY PRISTIN - The New York Times

Toyota Sees Growing Anger From Suppliers in Japan

Once reflexively loyal, Toyota’s suppliers are now increasingly critical of the company, which has come to represent the rendering of Japan’s social contract. Read more..

By MARTIN FACKLER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 17.74 18.02 17.60 17.81 67.7M
General Electric GE 15.98 16.14 15.88 16.02 56.7M
Intel INTC 20.52 20.81 20.50 20.70 51.1M
JPMorgan Chase JPM 40.05 40.97 40.00 40.85 44.6M
Microsoft MSFT 28.52 28.79 28.38 28.63 43.2M
Wells Fargo & Co. WFC 27.45 27.77 27.18 27.66 35.8M
Cisco Systems CSCO 24.09 24.45 24.09 24.34 33.2M
AT&T Inc. T 24.88 24.95 24.80 24.91 29M
Comcast CMCSA 16.27 16.47 16.10 16.42 26.9M
Oracle Corp. ORCL 24.63 24.83 24.46 24.77 24.5M
Schlumberger SLB 61.13 61.50 60.36 60.91 23M
Home Depot HD 30.78 31.42 30.74 31.36 22.9M
ExxonMobil XOM 65.01 65.87 64.77 65.55 21.5M
Altria MO 20.08 20.31 19.95 20.26 18.1M
Merck MRK 36.70 37.04 36.27 36.93 17.1M
Apple AAPL 198.23 201.44 197.84 200.66 16.4M
HP Inc. HPQ 50.04 51.00 50.02 50.79 15M
Abbott Laboratories ABT 54.19 54.54 53.91 54.33 14.1M
Verizon Communications VZ 28.77 29.00 28.71 28.96 13.3M
Procter & Gamble PG 63.22 63.96 63.13 63.89 12.8M
Walt Disney & Co. DIS 31.05 31.50 31.01 31.39 12.1M
Berkshire Hathaway BRK.B 79.54 80.00 78.81 79.68 12M
UnitedHealth Group UNH 32.88 33.66 32.36 33.62 11M
Wal-Mart Stores WMT 53.74 53.95 53.48 53.92 10.6M
ConocoPhillips COP 47.86 48.52 47.63 48.35 10.2M
Gilead Sciences GILD 47.62 47.98 47.30 47.56 9.47M
Chevron CVX 72.12 72.45 71.61 72.34 8.92M
Bristol-Myers Squibb BMY 24.54 24.74 24.38 24.71 8.54M
Johnson & Johnson JNJ 63.55 63.85 63.25 63.45 8.52M
McDonald's MCD 64.87 64.87 64.87 64.87 7.58M
Amazon AMZN 117.96 119.80 117.15 119.72 7.39M
Coca-Cola KO 55.00 55.18 54.69 55.16 7.24M
Pepsico PEP 61.98 62.16 61.58 62.08 6.89M
Amgen AMGN 56.66 56.98 56.35 56.74 4.89M
United Technologies UTX 68.19 68.70 67.79 68.62 4.84M
International Business Machines IBM 127.02 128.27 126.81 127.59 4.78M
Alphabet GOOGL 534.39 538.44 530.51 531.47 4.65M
Visa V 86.22 86.61 84.75 85.63 4.05M
3M MMM 80.00 80.60 79.50 80.07 3.53M
Boeing BA 63.00 63.70 62.64 63.48 3.4M
Union Pacific UNP 66.32 66.96 66.11 66.88 3.39M
Exchange Rates of February 24, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.140 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.054 CAD 1 CAD = 0.949 USD
US Dollar Swiss Franc 1 USD = 1.081 CHF 1 CHF = 0.925 USD
US Dollar Chinese Yuan 1 USD = 6.828 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 122.020 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.879 GBP 1 GBP = 1.138 EUR
Euro Australian Dollar 1 EUR = 1.515 AUD 1 AUD = 0.660 EUR
Euro Canadian Dollar 1 EUR = 1.427 CAD 1 CAD = 0.701 EUR
Euro Swiss Franc 1 EUR = 1.463 CHF 1 CHF = 0.683 EUR
Euro Chinese Yuan 1 EUR = 9.245 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.720 GBP 1 GBP = 1.390 JPY
Japanese Yen Australian Dollar 1 JPY = 1.241 AUD 1 AUD = 0.806 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.168 CAD 1 CAD = 0.856 JPY
Japanese Yen Swiss Franc 1 JPY = 1.199 CHF 1 CHF = 0.834 JPY
Pound Sterling Australian Dollar 1 GBP = 1.724 AUD 1 AUD = 0.580 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.623 CAD 1 CAD = 0.616 GBP
Pound Sterling Swiss Franc 1 GBP = 1.665 CHF 1 CHF = 0.601 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.510 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.941 CAD 1 CAD = 1.062 AUD
Australian Dollar Swiss Franc 1 AUD = 0.966 CHF 1 CHF = 1.036 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.098 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.026 CHF 1 CHF = 0.975 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.479 CNY 1 CNY = 0.154 CAD

See what else happened on February 24, 2010