Financial news on November 24, 2010

Business and Financial news
A Luxury Leader Shies From an Unwelcome Suitor

Analysts suspect Bernard Arnault, one of the world’s wealthiest men, would like to add the family-controlled company to his stable at LVMH, after quietly building a sizable minority stake. Read more..

By DAVID JOLLY - The New York Times

Corporate Profits Were the Highest on Record Last Quarter

American companies had their best quarter ever, according to a report that also showed the nation’s output growing faster than initial estimates. Read more..

By CATHERINE RAMPELL - The New York Times

Investor Concern Persists in Euro Zone

The international lender said Greece is on track to meet the terms of its bailout, but warned “extra effort” would be needed to meet next year’s targets. Read more..

By MATTHEW SALTMARSH - The New York Times

Judge Allows Wiretaps in Galleon Case

The widely expected decision deals a blow to the former hedge fund manager Raj Rajaratnam, right, and a co-defendant, Danielle Chiesi, a former hedge fund consultant. Read more..

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

Life Expectancy in China Rising Slowly, Despite Economic Surge

China’s economy has grown rapidly for two decades, but life expectancy there has not kept pace. Read more..

By DAVID LEONHARDT - The New York Times

Lower Manhattan Gains Ground as Publishing Hub

Publishers, facing declines in advertising and circulation, have been attracted to Lower Manhattan rents that average $17 a square foot less than Midtown. Read more..

By JOTHAM SEDERSTROM - The New York Times

Q. and A.: The Differences Between Philanthropy in the West and the East

Noor Quek, founder of a Singapore firm that provides advice to family offices in Asia and the Middle East, says there is more of a focus in Asia on poverty alleviation. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

SAP Ordered to Pay Oracle $1.3 Billion

A federal jury awarded Oracle $1.3 billion in damages in its copyright infringement case. Read more..

By VERNE G. KOPYTOFF - The New York Times

Telling Consumers What’s Inside

S.C. Johnson plans to disclose all of the ingredients in familiar products like Glade, Pledge and Windex by 2012. Read more..

By STUART ELLIOTT - The New York Times

The Lessons of 10 Years of Talking Tech

The tech column celebrates its 10th anniversary of reviewing hits like the BlackBerry and Kindle and misses like 3Com Audreye. Read more..

By DAVID POGUE - The New York Times

When a Windfall of Money Arrives, So Can Challenges

Financial advisers warn that the quirks of the human psyche and the sudden and serendipitous nature of a windfall can cause unforeseen problems. Read more..

By CONRAD DE AENLLE - International Herald Tribune

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 19,33 19,55 19,32 19,46 63.9M
Microsoft MSFT 25,20 25,46 25,16 25,37 56.8M
Intel INTC 21,23 21,57 21,17 21,39 42.4M
General Electric GE 15,81 15,98 15,78 15,94 42.4M
Oracle Corp. ORCL 27,67 27,88 27,62 27,74 35M
HP Inc. HPQ 43,95 44,35 43,48 43,75 27.9M
General Motors GM 33,73 33,80 33,22 33,48 26.1M
JPMorgan Chase JPM 37,83 38,24 37,59 38,16 24.2M
Pfizer PFE 16,58 16,70 16,57 16,69 23.4M
Wells Fargo & Co. WFC 26,92 27,14 26,75 27,11 22M
ExxonMobil XOM 69,25 70,00 69,19 69,88 19.3M
AT&T Inc. T 28,13 28,23 28,08 28,14 17.5M
Abbott Laboratories ABT 47,21 47,41 46,85 46,96 15.4M
Apple AAPL 312,00 315,40 311,75 314,80 14.8M
Verizon Communications VZ 32,49 32,67 32,22 32,35 14.7M
Comcast CMCSA 20,27 20,50 20,20 20,38 11.9M
Merck MRK 34,82 35,17 34,81 35,15 10.7M
Wal-Mart Stores WMT 53,74 54,18 53,74 54,01 10.3M
Amazon AMZN 171,53 177,89 171,53 177,25 10M
Gilead Sciences GILD 37,50 37,82 37,44 37,78 9.8M
Home Depot HD 31,18 31,35 31,08 31,16 9.75M
Altria MO 24,69 24,72 24,38 24,57 9.63M
Johnson & Johnson JNJ 63,03 63,49 62,93 63,29 9.59M
Walt Disney & Co. DIS 36,36 36,98 36,30 36,87 9.1M
Procter & Gamble PG 62,96 62,97 62,40 62,60 8.77M
Coca-Cola KO 63,84 64,63 63,82 64,61 8.05M
Chevron CVX 82,15 83,01 82,00 82,93 8.04M
ConocoPhillips COP 60,78 61,48 60,70 61,45 7.81M
Schlumberger SLB 75,74 77,20 75,70 77,15 6.86M
UnitedHealth Group UNH 36,61 36,75 36,02 36,18 6.31M
Boeing BA 64,38 65,58 64,02 65,41 6.21M
Bristol-Myers Squibb BMY 25,74 25,83 25,57 25,65 6.08M
Pepsico PEP 64,20 64,41 63,90 64,33 5.27M
International Business Machines IBM 143,95 146,44 143,82 145,81 4.87M
Alphabet GOOGL 587,31 596,60 587,05 594,97 4.79M
McDonald's MCD 79,37 79,67 79,25 79,48 4.47M
Visa V 75,51 76,00 75,15 75,82 4.34M
Amgen AMGN 53,75 54,25 53,72 53,83 4.3M
United Technologies UTX 74,76 76,21 74,56 76,09 3.92M
3M MMM 84,49 84,81 84,08 84,66 3.86M
Berkshire Hathaway BRK.B 79,98 80,35 79,43 80,30 3.29M
Union Pacific UNP 89,55 90,97 89,53 90,75 2.67M
Exchange Rates of November 24, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 83,530 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,010 CAD 1 CAD = 0,990 USD
US Dollar Swiss Franc 1 USD = 0,996 CHF 1 CHF = 1,004 USD
US Dollar Chinese Yuan 1 USD = 6,653 CNY 1 CNY = 0,150 USD
Euro Japanese Yen 1 EUR = 111,360 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,845 GBP 1 GBP = 1,183 EUR
Euro Australian Dollar 1 EUR = 1,359 AUD 1 AUD = 0,736 EUR
Euro Canadian Dollar 1 EUR = 1,346 CAD 1 CAD = 0,743 EUR
Euro Swiss Franc 1 EUR = 1,328 CHF 1 CHF = 0,753 EUR
Euro Chinese Yuan 1 EUR = 8,871 CNY 1 CNY = 0,113 EUR
Japanese Yen Pound Sterling 1 JPY = 0,759 GBP 1 GBP = 1,318 JPY
Japanese Yen Australian Dollar 1 JPY = 1,219 AUD 1 AUD = 0,820 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,209 CAD 1 CAD = 0,827 JPY
Japanese Yen Swiss Franc 1 JPY = 1,192 CHF 1 CHF = 0,839 JPY
Pound Sterling Australian Dollar 1 GBP = 1,607 AUD 1 AUD = 0,622 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,593 CAD 1 CAD = 0,628 GBP
Pound Sterling Swiss Franc 1 GBP = 1,571 CHF 1 CHF = 0,637 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,488 CNY 1 CNY = 0,095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,991 CAD 1 CAD = 1,009 AUD
Australian Dollar Swiss Franc 1 AUD = 0,977 CHF 1 CHF = 1,023 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,532 CNY 1 CNY = 0,153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,986 CHF 1 CHF = 1,014 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,587 CNY 1 CNY = 0,152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,680 CNY 1 CNY = 0,150 CHF

See what else happened on November 24, 2010