Financial news on October 25, 2010
Business and Financial news
Amy L. Andrews joined Media Networks in a new post, director for publisher relations, working for MNI and its divisions Targeted Media and MNI MediaConnect. Read more..
Adobe Systems aims to grow independently, its chief executive told a German newspaper, following speculation the software maker could become a takeover target for Microsoft, according to Reuters. Read more..
Warren E. Buffett’s Berkshire Hathaway announced on Monday that it has hired Todd Combs of Castle Point Capital to manage a “significant portion” of its investment portfolio. Read more..
The company’s shares rose after it confirmed DealBook’s report of talks with the Carlyle Group. Analysts wrote that a deal makes sense, given CommScope’s positive business prospects. Read more..
Hochtief’s chief executive, Herbert Luetkestratkoetter, met with Qatar’s economy minister at the end of September, lobbying for support against an unwanted low-ball offer from Spain’s ACS. Read more..
Whether the International Monetary Fund is up to the task of policing its members and exerting influence on the most powerful ones remains far from clear. Read more..
Marubeni Corporation of Japan said on Monday it has agreed to pay $650 million for the stakes held by a unit of BP in four oil and gas wells in the U.S. Gulf of Mexico, as the British oil company looks to offload assets in the wake of a massive oil spill in the region. Read more..
OMV, the Austrian energy company, said Monday that it was buying more than half of the Turkish oil company Petrol Ofisi from Dogan Holding for 1 billion euros, raising its stake in Petrol to more than 95 percent. Read more..
Three agencies work on a campaign aimed at echo boomers, or millennials, for the HobNob line of wines from France. Read more..
With Guy Hands squaring off in court against his opera and hunting mate, David Wormsley, and the lawsuit brought against Teddy Forstmann by a tennis buddy, it’s a reminder that personal ties only go so far in finance, Reuters Breakingviews says. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.37||26.42||25.52||25.72||36.8M|
|Walt Disney & Co.||DIS||35.16||35.72||35.10||35.46||11.2M|
|Procter & Gamble||PG||63.73||63.81||63.48||63.54||8.93M|
|Johnson & Johnson||JNJ||64.04||64.23||63.85||63.98||7.79M|
|International Business Machines||IBM||140.42||141.40||139.81||139.84||4.87M|
Exchange Rates of October 25, 2010
|US Dollar||Japanese Yen||1 USD = 80.780 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.020 CAD||1 CAD = 0.981 USD|
|US Dollar||Swiss Franc||1 USD = 0.971 CHF||1 CHF = 1.030 USD|
|US Dollar||Chinese Yuan||1 USD = 6.659 CNY||1 CNY = 0.150 USD|
|Euro||Japanese Yen||1 EUR = 112.720 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.887 GBP||1 GBP = 1.127 EUR|
|Euro||Australian Dollar||1 EUR = 1.409 AUD||1 AUD = 0.710 EUR|
|Euro||Canadian Dollar||1 EUR = 1.423 CAD||1 CAD = 0.703 EUR|
|Euro||Swiss Franc||1 EUR = 1.356 CHF||1 CHF = 0.738 EUR|
|Euro||Chinese Yuan||1 EUR = 9.301 CNY||1 CNY = 0.108 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.787 GBP||1 GBP = 1.271 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.250 AUD||1 AUD = 0.800 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.262 CAD||1 CAD = 0.792 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.202 CHF||1 CHF = 0.832 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.589 AUD||1 AUD = 0.630 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.604 CAD||1 CAD = 0.623 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.527 CHF||1 CHF = 0.655 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.466 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.010 CAD||1 CAD = 0.991 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.961 CHF||1 CHF = 1.040 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.597 CNY||1 CNY = 0.152 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.952 CHF||1 CHF = 1.051 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.532 CNY||1 CNY = 0.153 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.859 CNY||1 CNY = 0.146 CHF|