Financial news on January 25, 2011

Business and Financial news
Avoiding Pitfalls, and Forging Success, in East-West Contract Negotiations

While Westerners often take shortcuts to get to the results assigned to them, the Chinese often expect a long, complicated negotiation process. Experts offer advice on bridging these cultural differences. Read more..

By INTERNATIONAL HERALD TRIBUNE - International Herald Tribune

Cantor Opposes Bankruptcy for States

Representative Eric Cantor said states already had the tools needed to ease deep budget deficits, so they did not need the authority to declare bankruptcy. Read more..

By THE ASSOCIATED PRESS - The New York Times

Facebook Makes Deal With German Privacy Group

Germans will be better able to block Facebook's ability to contact their friends, including non-Facebook users in their e-mail address books. Read more..

By KEVIN J. O'BRIEN - The New York Times

G.M. Plans to Add 750 Jobs at Pickup Truck Plant

The carmaker will call back workers from a pool of about 3,000 nationwide and add a shift to build versions of the GMC Sierra and Chevrolet Silverado. Read more..

By NICK BUNKLEY - The New York Times

Google Gives $100 Million in Stock and Options to Schmidt

Eric E. Schmidt is giving up the post as chief executive and is being succeeded by a founder of Google, Larry Page. Read more..

By THE ASSOCIATED PRESS - The New York Times

Panel Investigating Financial Crisis Is Said to Refer Cases to Justice Dept.

The Financial Crisis Inquiry Commission, which is wrapping up its work, has made authorities aware of potential misconduct. Read more..

By SEWELL CHAN - The New York Times

Texas Instruments Narrowly Beats Forecasts

The company said it was past a “short and shallow downturn” that hit in the second half of 2010. Read more..

By THE ASSOCIATED PRESS - The New York Times

The End of the Hotel Deals

As growth picks up, employment steadies and financing to add new rooms remains tight, hotels may begin to raise their rates. Read more..

By MARTHA C. WHITE - The New York Times

Uncertainty Over Economy Clouds Obama Speech

As President Obama prepares to tackle the economy in his State of the Union address Tuesday, economists and industry executives are sifting through the data. Read more..

By MOTOKO RICH - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.9820.2819.8019.98101M
Cisco SystemsCSCO21.1621.5721.0821.5472.7M
IntelINTC21.2821.5721.1721.5572.3M
PfizerPFE18.6118.7618.4118.4770.4M
Verizon CommunicationsVZ35.1336.5934.8835.7943.4M
MicrosoftMSFT28.1428.4528.1228.4542.4M
JPMorgan ChaseJPM44.8245.4344.2644.8736M
MerckMRK33.7733.8533.2933.3632.6M
Wells Fargo & Co.WFC32.5232.7131.9932.7028.2M
Johnson & JohnsonJNJ60.8961.6360.7161.0828.1M
AT&T Inc.T28.4828.7628.4028.7627.6M
Oracle Corp.ORCL32.3932.4431.9432.2925.9M
ExxonMobilXOM78.2278.9977.9378.6821.6M
Wal-Mart StoresWMT56.1257.2955.8057.2620.5M
Abbott LaboratoriesABT48.1648.2047.7947.9620M
AppleAAPL336.33341.44334.57341.4019.5M
HP Inc.HPQ47.7647.8346.8847.0817.7M
ComcastCMCSA23.4923.6023.0823.3414.8M
Home DepotHD36.5137.1836.3837.1614.2M
General MotorsGM37.8538.4937.7138.4012.3M
ConocoPhillipsCOP67.9768.1066.6767.4811.1M
Procter & GamblePG66.5766.9566.4766.7011.1M
AltriaMO24.3524.4624.1924.2910.8M
Gilead SciencesGILD38.1438.3737.7738.1610.4M
UnitedHealth GroupUNH39.6941.0039.6540.6210M
SchlumbergerSLB84.2684.5482.2383.259.16M
Coca-ColaKO63.2263.3162.5562.969.1M
AmgenAMGN56.9158.1956.7457.168.94M
International Business MachinesIBM159.21164.35159.00161.448.26M
Walt Disney & Co.DIS39.7939.9239.4739.867.92M
VisaV71.1772.3870.3171.587.57M
3MMMM89.4089.5087.2088.507.48M
ChevronCVX93.7894.4493.3594.087.42M
AlphabetGOOGL608.20620.69606.52619.917.29M
Bristol-Myers SquibbBMY25.9726.0525.8526.037.22M
McDonald'sMCD75.5475.6875.0075.486.96M
Union PacificUNP94.1395.0092.4593.026.14M
BoeingBA72.4972.7371.3172.245.19M
PepsicoPEP66.0166.2565.7565.774.99M
AmazonAMZN175.50176.75174.28176.704.65M
United TechnologiesUTX81.4681.7380.8881.734.5M
Berkshire HathawayBRK.B82.8483.2782.1783.253.86M
Exchange Rates of January 25, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82.240 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.996 CAD1 CAD = 1.004 USD
US DollarSwiss Franc1 USD = 0.942 CHF1 CHF = 1.061 USD
US DollarChinese Yuan1 USD = 6.583 CNY1 CNY = 0.152 USD
EuroJapanese Yen1 EUR = 112.520 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.865 GBP1 GBP = 1.156 EUR
EuroAustralian Dollar1 EUR = 1.373 AUD1 AUD = 0.729 EUR
EuroCanadian Dollar1 EUR = 1.363 CAD1 CAD = 0.734 EUR
EuroSwiss Franc1 EUR = 1.289 CHF1 CHF = 0.776 EUR
EuroChinese Yuan1 EUR = 9.015 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.768 GBP1 GBP = 1.302 JPY
Japanese YenAustralian Dollar1 JPY = 1.219 AUD1 AUD = 0.820 JPY
Japanese YenCanadian Dollar1 JPY = 1.211 CAD1 CAD = 0.826 JPY
Japanese YenSwiss Franc1 JPY = 1.145 CHF1 CHF = 0.873 JPY
Pound SterlingAustralian Dollar1 GBP = 1.587 AUD1 AUD = 0.630 GBP
Pound SterlingCanadian Dollar1 GBP = 1.576 CAD1 CAD = 0.634 GBP
Pound SterlingSwiss Franc1 GBP = 1.490 CHF1 CHF = 0.671 GBP
Pound SterlingChinese Yuan1 GBP = 10.419 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.993 CAD1 CAD = 1.007 AUD
Australian DollarSwiss Franc1 AUD = 0.939 CHF1 CHF = 1.065 AUD
Australian DollarChinese Yuan1 AUD = 6.563 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.945 CHF1 CHF = 1.058 CAD
Canadian DollarChinese Yuan1 CAD = 6.604 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.990 CNY1 CNY = 0.143 CHF

See what else happened on January 25, 2011