Financial news on February 24th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15,9816,1415,8816,0256.7M
JPMorgan ChaseJPM40,0540,9740,0040,8544.6M
Wells Fargo & Co.WFC27,4527,7727,1827,6635.8M
Cisco SystemsCSCO24,0924,4524,0924,3433.2M
AT&T Inc.T24,8824,9524,8024,9129M
Oracle Corp.ORCL24,6324,8324,4624,7724.5M
Home DepotHD30,7831,4230,7431,3622.9M
HP Inc.HPQ50,0451,0050,0250,7915M
Abbott LaboratoriesABT54,1954,5453,9154,3314.1M
Verizon CommunicationsVZ28,7729,0028,7128,9613.3M
Procter & GamblePG63,2263,9663,1363,8912.8M
Walt Disney & Co.DIS31,0531,5031,0131,3912.1M
Berkshire HathawayBRK.B79,5480,0078,8179,6812M
UnitedHealth GroupUNH32,8833,6632,3633,6211M
Wal-Mart StoresWMT53,7453,9553,4853,9210.6M
Gilead SciencesGILD47,6247,9847,3047,569.47M
Bristol-Myers SquibbBMY24,5424,7424,3824,718.54M
Johnson & JohnsonJNJ63,5563,8563,2563,458.52M
United TechnologiesUTX68,1968,7067,7968,624.84M
International Business MachinesIBM127,02128,27126,81127,594.78M
Union PacificUNP66,3266,9666,1166,883.39M
Exchange Rates of February 24th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,140 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,054 CAD1 CAD = 0,949 USD
US DollarSwiss Franc1 USD = 1,081 CHF1 CHF = 0,925 USD
US DollarChinese Yuan1 USD = 6,828 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 122,020 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,879 GBP1 GBP = 1,138 EUR
EuroAustralian Dollar1 EUR = 1,515 AUD1 AUD = 0,660 EUR
EuroCanadian Dollar1 EUR = 1,427 CAD1 CAD = 0,701 EUR
EuroSwiss Franc1 EUR = 1,463 CHF1 CHF = 0,683 EUR
EuroChinese Yuan1 EUR = 9,245 CNY1 CNY = 0,108 EUR
Japanese YenPound Sterling1 JPY = 0,720 GBP1 GBP = 1,390 JPY
Japanese YenAustralian Dollar1 JPY = 1,241 AUD1 AUD = 0,806 JPY
Japanese YenCanadian Dollar1 JPY = 1,168 CAD1 CAD = 0,856 JPY
Japanese YenSwiss Franc1 JPY = 1,199 CHF1 CHF = 0,834 JPY
Pound SterlingAustralian Dollar1 GBP = 1,724 AUD1 AUD = 0,580 GBP
Pound SterlingCanadian Dollar1 GBP = 1,623 CAD1 CAD = 0,616 GBP
Pound SterlingSwiss Franc1 GBP = 1,665 CHF1 CHF = 0,601 GBP
Pound SterlingChinese Yuan1 GBP = 10,510 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,941 CAD1 CAD = 1,062 AUD
Australian DollarSwiss Franc1 AUD = 0,966 CHF1 CHF = 1,036 AUD
Australian DollarChinese Yuan1 AUD = 6,098 CNY1 CNY = 0,164 AUD
Canadian DollarSwiss Franc1 CAD = 1,026 CHF1 CHF = 0,975 CAD
Canadian DollarChinese Yuan1 CAD = 6,479 CNY1 CNY = 0,154 CAD

See what else happened on February 24th, 2010