Financial news on January 24th, 2011

Business and Financial news
An Irreverent Campaign From Bon Appétit

An new campaign for Bon Appétit will carry an assertive theme, “Bite me,” that may topple some chefs’ toques. Read more..

By STUART ELLIOTT - The New York Times

Despite Distinctions, Los Angeles Times Loses Standing at Home

The paper maintains 13 foreign bureaus and is a front-runner for a Pulitzer Prize this year, but its weekday circulation has been nearly halved since 2000. Read more..

By JEREMY W. PETERS - The New York Times

Increasingly Confident Fed Is Set for First Meeting of 2011

The Fed is likely to express guarded optimism about the economy in a statement on Wednesday. Read more..

By SEWELL CHAN - The New York Times

Less Fuel Also Means Less Revenue

For governments, the advent of electric cars means fuel-tax receipts will dwindle because drivers will buy less gasoline. Read more..

By KATE GALBRAITH - International Herald Tribune

News From the Advertising Industry

Account assignments, executive appointments and miscellaneous news from advertising agencies. Read more..

By STUART ELLIOTT - The New York Times

S.E.C. Study Recommends More Oversight of Brokers

Commissioners did not vote on the recommendation that a higher standard of fiduciary duty be applied. Read more..

By EDWARD WYATT - The New York Times

The Understudy Takes the Stage at Apple

When Timothy D. Cook is on his own, he will have to compensate for the absence of Steven P. Jobs. Read more..

By MIGUEL HELFT - The New York Times

William A. Schreyer, a Chief at Merrill Lynch, Dies at 83

Mr. Schreyer led Merrill Lynch’s transition from a stock brokerage firm to a diversified global investment bank. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.9320.1219.7420.0498.5M
Cisco SystemsCSCO20.8421.1820.7321.1744.1M
JPMorgan ChaseJPM45.2145.4844.8645.0227.8M
Wells Fargo & Co.WFC32.5032.7132.4532.7027.5M
Oracle Corp.ORCL32.5832.6532.0732.4020.2M
AT&T Inc.T28.4628.5628.3128.4820M
HP Inc.HPQ46.6947.5946.6647.5517M
Verizon CommunicationsVZ34.8835.2834.8835.2415.9M
Abbott LaboratoriesABT47.9048.2047.8748.1715.5M
General MotorsGM37.7137.8637.0337.6412.2M
Johnson & JohnsonJNJ62.5662.7262.1662.2211.4M
Wal-Mart StoresWMT55.3956.0555.3056.0511.1M
Procter & GamblePG65.9066.7065.7966.5810.6M
Home DepotHD36.4636.6536.3036.658.88M
Bristol-Myers SquibbBMY26.0126.1325.9726.008.81M
Walt Disney & Co.DIS39.6439.9539.5439.947.79M
UnitedHealth GroupUNH40.4140.5039.7039.817.6M
International Business MachinesIBM155.42159.79155.33159.637.29M
Berkshire HathawayBRK.B81.3583.3981.2982.947.14M
Gilead SciencesGILD37.9738.3837.9038.316.44M
United TechnologiesUTX80.2681.5480.2681.524.74M
Union PacificUNP94.2794.5893.8894.203.84M
Exchange Rates of January 24th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82.520 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.994 CAD1 CAD = 1.007 USD
US DollarSwiss Franc1 USD = 0.949 CHF1 CHF = 1.054 USD
US DollarChinese Yuan1 USD = 6.582 CNY1 CNY = 0.152 USD
EuroJapanese Yen1 EUR = 112.530 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.853 GBP1 GBP = 1.172 EUR
EuroAustralian Dollar1 EUR = 1.367 AUD1 AUD = 0.731 EUR
EuroCanadian Dollar1 EUR = 1.355 CAD1 CAD = 0.738 EUR
EuroSwiss Franc1 EUR = 1.294 CHF1 CHF = 0.773 EUR
EuroChinese Yuan1 EUR = 8.976 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.758 GBP1 GBP = 1.320 JPY
Japanese YenAustralian Dollar1 JPY = 1.214 AUD1 AUD = 0.824 JPY
Japanese YenCanadian Dollar1 JPY = 1.203 CAD1 CAD = 0.831 JPY
Japanese YenSwiss Franc1 JPY = 1.150 CHF1 CHF = 0.870 JPY
Pound SterlingAustralian Dollar1 GBP = 1.602 AUD1 AUD = 0.624 GBP
Pound SterlingCanadian Dollar1 GBP = 1.588 CAD1 CAD = 0.630 GBP
Pound SterlingSwiss Franc1 GBP = 1.517 CHF1 CHF = 0.659 GBP
Pound SterlingChinese Yuan1 GBP = 10.523 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.991 CAD1 CAD = 1.009 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.057 AUD
Australian DollarChinese Yuan1 AUD = 6.564 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.955 CHF1 CHF = 1.047 CAD
Canadian DollarChinese Yuan1 CAD = 6.622 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.935 CNY1 CNY = 0.144 CHF

See what else happened on January 24th, 2011