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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 19.98 20.28 19.80 19.98 101M
Cisco Systems CSCO 21.16 21.57 21.08 21.54 72.7M
Intel INTC 21.28 21.57 21.17 21.55 72.3M
Pfizer PFE 18.61 18.76 18.41 18.47 70.4M
Verizon Communications VZ 35.13 36.59 34.88 35.79 43.4M
Microsoft MSFT 28.14 28.45 28.12 28.45 42.4M
JPMorgan Chase JPM 44.82 45.43 44.26 44.87 36M
Merck MRK 33.77 33.85 33.29 33.36 32.6M
Wells Fargo & Co. WFC 32.52 32.71 31.99 32.70 28.2M
Johnson & Johnson JNJ 60.89 61.63 60.71 61.08 28.1M
AT&T Inc. T 28.48 28.76 28.40 28.76 27.6M
Oracle Corp. ORCL 32.39 32.44 31.94 32.29 25.9M
ExxonMobil XOM 78.22 78.99 77.93 78.68 21.6M
Wal-Mart Stores WMT 56.12 57.29 55.80 57.26 20.5M
Abbott Laboratories ABT 48.16 48.20 47.79 47.96 20M
Apple AAPL 336.33 341.44 334.57 341.40 19.5M
HP Inc. HPQ 47.76 47.83 46.88 47.08 17.7M
Comcast CMCSA 23.49 23.60 23.08 23.34 14.8M
Home Depot HD 36.51 37.18 36.38 37.16 14.2M
General Motors GM 37.85 38.49 37.71 38.40 12.3M
ConocoPhillips COP 67.97 68.10 66.67 67.48 11.1M
Procter & Gamble PG 66.57 66.95 66.47 66.70 11.1M
Altria MO 24.35 24.46 24.19 24.29 10.8M
Gilead Sciences GILD 38.14 38.37 37.77 38.16 10.4M
UnitedHealth Group UNH 39.69 41.00 39.65 40.62 10M
Schlumberger SLB 84.26 84.54 82.23 83.25 9.16M
Coca-Cola KO 63.22 63.31 62.55 62.96 9.1M
Amgen AMGN 56.91 58.19 56.74 57.16 8.94M
International Business Machines IBM 159.21 164.35 159.00 161.44 8.26M
Walt Disney & Co. DIS 39.79 39.92 39.47 39.86 7.92M
Visa V 71.17 72.38 70.31 71.58 7.57M
3M MMM 89.40 89.50 87.20 88.50 7.48M
Chevron CVX 93.78 94.44 93.35 94.08 7.42M
Alphabet GOOGL 608.20 620.69 606.52 619.91 7.29M
Bristol-Myers Squibb BMY 25.97 26.05 25.85 26.03 7.22M
McDonald's MCD 75.54 75.68 75.00 75.48 6.96M
Union Pacific UNP 94.13 95.00 92.45 93.02 6.14M
Boeing BA 72.49 72.73 71.31 72.24 5.19M
Pepsico PEP 66.01 66.25 65.75 65.77 4.99M
Amazon AMZN 175.50 176.75 174.28 176.70 4.65M
United Technologies UTX 81.46 81.73 80.88 81.73 4.5M
Berkshire Hathaway BRK.B 82.84 83.27 82.17 83.25 3.86M
Exchange Rates of January 25, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 82.240 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 0.996 CAD 1 CAD = 1.004 USD
US Dollar Swiss Franc 1 USD = 0.942 CHF 1 CHF = 1.061 USD
US Dollar Chinese Yuan 1 USD = 6.583 CNY 1 CNY = 0.152 USD
Euro Japanese Yen 1 EUR = 112.520 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.865 GBP 1 GBP = 1.156 EUR
Euro Australian Dollar 1 EUR = 1.373 AUD 1 AUD = 0.729 EUR
Euro Canadian Dollar 1 EUR = 1.363 CAD 1 CAD = 0.734 EUR
Euro Swiss Franc 1 EUR = 1.289 CHF 1 CHF = 0.776 EUR
Euro Chinese Yuan 1 EUR = 9.015 CNY 1 CNY = 0.111 EUR
Japanese Yen Pound Sterling 1 JPY = 0.768 GBP 1 GBP = 1.302 JPY
Japanese Yen Australian Dollar 1 JPY = 1.219 AUD 1 AUD = 0.820 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.211 CAD 1 CAD = 0.826 JPY
Japanese Yen Swiss Franc 1 JPY = 1.145 CHF 1 CHF = 0.873 JPY
Pound Sterling Australian Dollar 1 GBP = 1.587 AUD 1 AUD = 0.630 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.576 CAD 1 CAD = 0.634 GBP
Pound Sterling Swiss Franc 1 GBP = 1.490 CHF 1 CHF = 0.671 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.419 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.993 CAD 1 CAD = 1.007 AUD
Australian Dollar Swiss Franc 1 AUD = 0.939 CHF 1 CHF = 1.065 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.563 CNY 1 CNY = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.945 CHF 1 CHF = 1.058 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.604 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.990 CNY 1 CNY = 0.143 CHF

See what else happened on January 25, 2011