Financial news on November 25th, 2009

Business and Financial news
As Bank Failures Rise, F.D.I.C. Fund Falls Into Red

The fund that protects depositors fell into the red for the first time since the savings-and-loan crisis of the 1990s. Read more..

By ERIC DASH - The New York Times

Budget Hawks Have a Buffet of Options With Health Bill

Senators who say they’re serious about reducing health care costs have plenty of opportunities in the current bills to fulfill their goals. Read more..

By DAVID LEONHARDT - The New York Times

Canada: Bank of Montreal Buys Diners Club

Citigroup agreed to sell a credit card unit, Diners Club North America, to Bank of Montreal for an undisclosed price. Read more..

By BLOOMBERG NEWS - The New York Times

Fed Cautious About Strength of Recovery

Fed policy makers continue to predict that unemployment will remain well above 9 percent through the end of 2010. Read more..

By EDMUND L. ANDREWS - The New York Times

Group of Magazine Publishers Is Said to Be Building an Online Newsstand

Time, Condé Nast, Hearst and Meredith are said to be equity partners in a project aiming to create what has been called an “iTunes for magazines.” Read more..

By BRIAN STELTER - The New York Times

India: Satyam Managers in Fraud Bought Property

Managers and insiders who orchestrated an extensive fraud at the Indian outsourcing company Satyam Computer Services bought more than 1,000 pieces of property with the money they diverted. Read more..

By HEATHER TIMMONS - The New York Times

Lloyds Group Stock Sale to Be Britain’s Largest

The troubled British lender plans to sell new shares at 37 pence each, a 59.5 percent discount to the bank’s closing share price on Monday. Read more..

By JULIA WERDIGIER - The New York Times

Seeking Deals, Holiday Fliers Get Early Start

The holiday crush at the nation’s airports has taken hold several days earlier as travelers sought less expensive flights. Read more..


Toyota Will Fix or Replace 4 Million Gas Pedals

Toyota aims to resolve a problem with unintended acceleration that has stripped some of the luster off the carmaker’s reputation for reliability. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

Vietnam: Export of Puffer Fish Is Approved

A government ministry in Vietnam is starting a pilot project to revive the export of puffer fish after a ban of six years. Read more..

By EDWARD WONG - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.2416.2516.0416.1848.2M
Cisco SystemsCSCO23.7623.8723.6523.7427.1M
JPMorgan ChaseJPM42.6742.6741.9442.1626.1M
Oracle Corp.ORCL22.3422.7222.2022.6024.1M
Wells Fargo & Co.WFC28.0128.1327.6527.8322.9M
AT&T Inc.T27.2527.3327.0327.0820.9M
Verizon CommunicationsVZ31.9632.1131.8132.0317.5M
HP Inc.HPQ50.3450.3549.9650.0512.7M
Home DepotHD27.5727.8927.2827.8511.5M
Walt Disney & Co.DIS30.2430.7530.0030.6110.3M
Bristol-Myers SquibbBMY24.7125.5324.7125.389.78M
Wal-Mart StoresWMT54.8655.0954.7854.969.06M
Abbott LaboratoriesABT54.3054.5954.1154.418.73M
Procter & GamblePG62.9463.4862.7062.878.24M
UnitedHealth GroupUNH29.5829.7429.3729.548.06M
Johnson & JohnsonJNJ63.3863.4462.9363.307.19M
International Business MachinesIBM127.88128.22127.08127.283.97M
Union PacificUNP64.5964.7963.9064.502.76M
United TechnologiesUTX68.4768.4767.9268.312.72M
Gilead SciencesGILD47.0547.1246.7246.982.64M
Berkshire HathawayBRK.B3427.503479.503395.003403.0036K
Exchange Rates of November 25th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.320 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.045 CAD1 CAD = 0.957 USD
US DollarSwiss Franc1 USD = 0.996 CHF1 CHF = 1.004 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.200 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.906 GBP1 GBP = 1.104 EUR
EuroAustralian Dollar1 EUR = 1.624 AUD1 AUD = 0.616 EUR
EuroCanadian Dollar1 EUR = 1.582 CAD1 CAD = 0.632 EUR
EuroSwiss Franc1 EUR = 1.508 CHF1 CHF = 0.663 EUR
EuroChinese Yuan1 EUR = 10.329 CNY1 CNY = 0.097 EUR
Japanese YenPound Sterling1 JPY = 0.685 GBP1 GBP = 1.459 JPY
Japanese YenAustralian Dollar1 JPY = 1.228 AUD1 AUD = 0.815 JPY
Japanese YenCanadian Dollar1 JPY = 1.196 CAD1 CAD = 0.836 JPY
Japanese YenSwiss Franc1 JPY = 1.141 CHF1 CHF = 0.877 JPY
Pound SterlingAustralian Dollar1 GBP = 1.791 AUD1 AUD = 0.558 GBP
Pound SterlingCanadian Dollar1 GBP = 1.746 CAD1 CAD = 0.573 GBP
Pound SterlingSwiss Franc1 GBP = 1.664 CHF1 CHF = 0.601 GBP
Australian DollarCanadian Dollar1 AUD = 0.974 CAD1 CAD = 1.027 AUD
Australian DollarSwiss Franc1 AUD = 0.928 CHF1 CHF = 1.077 AUD
Canadian DollarSwiss Franc1 CAD = 0.953 CHF1 CHF = 1.050 CAD
Canadian DollarChinese Yuan1 CAD = 6.529 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.849 CNY1 CNY = 0.146 CHF

See what else happened on November 25th, 2009