Financial news on September 25, 2012

Business and Financial news
After U.S. Inquiries, Discover Agrees to Refund Some Credit Protection Fees

Discover Financial Services agrees to pay $200 million in refunds to more than 3.5 million cardholders who bought credit protection services over the phone, plus an additional $14 million in civil penalties to banking regulators. Read more..

By EDWARD WYATT - The New York Times

Ericsson’s Chief on Surviving Disruption

Business Day Live: Hans Vestberg, chief executive of Ericsson, discusses the fast-changing communications industry. Read more..

Mac William Bishop, Channon Hodge, Pedro Rosado and Nadia Sussman - The New York Times

Homebuilder Quadruples Its Earnings

Lennar Corporation reports fiscal third-quarter profit of $87.1 million, or 40 cents a share, up from $20.7 million, or 11 cents a share, in the year-ago quarter; revenue rose to $1.1 billion from $820.2 million. Read more..

By THE ASSOCIATED PRESS - The New York Times

Home Prices Rise Again, This Time on the Low End

The housing market is still gathering strength, new data showed, and the gains appear to be spreading even to the cheapest homes in many cities. Read more..

By SHAILA DEWAN and NELSON D. SCHWARTZ - The New York Times

In-Flight Entertainment Arrives at a Crossroad

Joe Sharkey On the Road column observes that for providers of in-inflight entertainment of all kinds, the proliferation of smartphones and tablets carried on board by a third of fliers is clearly confounding; wonders at how airlines will respond. Read more..

By JOE SHARKEY - The New York Times

Shares Post Small Losses on Fears Over Europe

Markets post modest losses after a report on the German economy said it had fallen for the fifth consecutive month. Read more..

By THE ASSOCIATED PRESS - The New York Times

Sheila Bair’s Critical View of History

Times reporter Louise Story talks to Sheila C. Bair, former F.D.I.C. chairwoman, about her harsh history of the financial crisis. Read more..

Mac William Bishop, Channon Hodge, Pedro Rosado and Nadia Sussman - The New York Times

Small Presses Take Brooklyn

The Brooklyn Book Festival, which ended Sunday, was a showcase for the many small presses that have sprouted in Brooklyn. Read more..

Erik Olsen - The New York Times

Spain Preparing Budget for 2013

The prime minister has pledged to cut Spain’s deficit to 4.5 percent of gross domestic product from 6.3 percent this year. Read more..

By RAPHAEL MINDER and DAVID JOLLY - The New York Times

Verizon to Pay TiVo $250 Million Settlement

Digital video recorder maker TiVo says it will receive at least $250.4 million from Verizon Communications in a patent lawsuit settlement; it has turned to litigation to generate revenue from licensing fees as it struggles with competition from low-cost rivals. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 30.95 31.00 30.36 30.39 54.3M
Intel INTC 22.95 22.97 22.51 22.54 49.5M
General Electric GE 22.39 22.67 22.30 22.31 47M
Facebook FB 21.20 21.21 20.22 20.28 46.3M
Pfizer PFE 24.84 25.15 24.80 24.84 34.2M
Cisco Systems CSCO 18.95 18.97 18.63 18.67 34M
Wells Fargo & Co. WFC 35.22 35.62 34.72 34.72 31.5M
Oracle Corp. ORCL 32.18 32.23 31.25 31.30 30.8M
HP Inc. HPQ 17.22 17.27 16.70 16.71 28.1M
JPMorgan Chase JPM 41.55 41.55 40.53 40.55 22M
Coca-Cola KO 38.21 38.27 37.66 37.68 20.3M
Apple AAPL 688.26 692.78 673.00 673.54 18.5M
AT&T Inc. T 38.34 38.57 38.04 38.06 17.7M
Comcast CMCSA 36.67 36.90 35.83 35.86 17.2M
Abbott Laboratories ABT 69.80 70.41 69.55 69.57 14.8M
ExxonMobil XOM 92.11 92.57 91.54 91.74 14M
Merck MRK 45.22 45.70 44.86 45.11 12.8M
Alphabet GOOGL 753.05 764.89 747.66 749.16 12.1M
Johnson & Johnson JNJ 69.01 69.64 69.01 69.32 11.6M
Bristol-Myers Squibb BMY 34.05 34.24 33.91 33.97 11.4M
General Motors GM 24.43 24.50 23.28 23.52 10.3M
Altria MO 34.32 34.54 34.01 34.01 10.1M
Procter & Gamble PG 69.70 69.97 69.54 69.59 10M
Home Depot HD 59.83 60.58 59.62 59.72 9.72M
Verizon Communications VZ 45.88 46.06 45.61 45.62 9.2M
Schlumberger SLB 74.56 74.56 72.59 72.69 9.19M
Gilead Sciences GILD 67.20 68.08 67.18 67.29 7.89M
Chevron CVX 118.18 118.50 116.53 116.93 7.57M
ConocoPhillips COP 58.06 58.08 57.35 57.41 7.46M
Walt Disney & Co. DIS 52.89 53.40 52.54 52.54 7.42M
Amgen AMGN 83.01 84.76 82.99 83.81 6.53M
Wal-Mart Stores WMT 74.91 75.05 74.26 74.26 6.42M
UnitedHealth Group UNH 56.22 56.50 55.84 56.20 6.34M
Pepsico PEP 70.94 71.03 70.26 70.35 5.64M
United Technologies UTX 80.09 80.24 78.68 78.77 5.45M
McDonald's MCD 93.91 94.00 92.82 92.86 4.71M
Amazon AMZN 256.33 258.95 251.03 252.46 4.41M
Boeing BA 70.29 70.49 69.38 69.38 4.09M
Berkshire Hathaway BRK.B 88.91 89.41 88.11 88.12 4.08M
Visa V 133.84 135.40 133.62 134.56 3.85M
3M MMM 93.95 94.10 92.72 92.83 3.8M
International Business Machines IBM 205.60 207.32 204.95 204.98 3.35M
Union Pacific UNP 121.45 121.98 120.21 120.38 2.02M
Exchange Rates of September 25, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.790 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.980 CAD 1 CAD = 1.020 USD
US Dollar Swiss Franc 1 USD = 0.937 CHF 1 CHF = 1.067 USD
US Dollar Chinese Yuan 1 USD = 6.306 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 100.390 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.797 GBP 1 GBP = 1.255 EUR
Euro Australian Dollar 1 EUR = 1.242 AUD 1 AUD = 0.805 EUR
Euro Canadian Dollar 1 EUR = 1.265 CAD 1 CAD = 0.791 EUR
Euro Swiss Franc 1 EUR = 1.210 CHF 1 CHF = 0.827 EUR
Euro Chinese Yuan 1 EUR = 8.137 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.793 GBP 1 GBP = 1.260 JPY
Japanese Yen Australian Dollar 1 JPY = 1.237 AUD 1 AUD = 0.809 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.259 CAD 1 CAD = 0.794 JPY
Japanese Yen Swiss Franc 1 JPY = 1.205 CHF 1 CHF = 0.830 JPY
Pound Sterling Australian Dollar 1 GBP = 1.559 AUD 1 AUD = 0.642 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.587 CAD 1 CAD = 0.630 GBP
Pound Sterling Swiss Franc 1 GBP = 1.518 CHF 1 CHF = 0.659 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.210 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.018 CAD 1 CAD = 0.982 AUD
Australian Dollar Swiss Franc 1 AUD = 0.973 CHF 1 CHF = 1.027 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.547 CNY 1 CNY = 0.153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.956 CHF 1 CHF = 1.046 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.431 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.726 CNY 1 CNY = 0.149 CHF

See what else happened on September 25, 2012