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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT30.9531.0030.3630.3954.3M
IntelINTC22.9522.9722.5122.5449.5M
General ElectricGE22.3922.6722.3022.3147M
FacebookFB21.2021.2120.2220.2846.3M
PfizerPFE24.8425.1524.8024.8434.2M
Cisco SystemsCSCO18.9518.9718.6318.6734M
Wells Fargo & Co.WFC35.2235.6234.7234.7231.5M
Oracle Corp.ORCL32.1832.2331.2531.3030.8M
HP Inc.HPQ17.2217.2716.7016.7128.1M
JPMorgan ChaseJPM41.5541.5540.5340.5522M
Coca-ColaKO38.2138.2737.6637.6820.3M
AppleAAPL688.26692.78673.00673.5418.5M
AT&T Inc.T38.3438.5738.0438.0617.7M
ComcastCMCSA36.6736.9035.8335.8617.2M
Abbott LaboratoriesABT69.8070.4169.5569.5714.8M
ExxonMobilXOM92.1192.5791.5491.7414M
MerckMRK45.2245.7044.8645.1112.8M
AlphabetGOOGL753.05764.89747.66749.1612.1M
Johnson & JohnsonJNJ69.0169.6469.0169.3211.6M
Bristol-Myers SquibbBMY34.0534.2433.9133.9711.4M
General MotorsGM24.4324.5023.2823.5210.3M
AltriaMO34.3234.5434.0134.0110.1M
Procter & GamblePG69.7069.9769.5469.5910M
Home DepotHD59.8360.5859.6259.729.72M
Verizon CommunicationsVZ45.8846.0645.6145.629.2M
SchlumbergerSLB74.5674.5672.5972.699.19M
Gilead SciencesGILD67.2068.0867.1867.297.89M
ChevronCVX118.18118.50116.53116.937.57M
ConocoPhillipsCOP58.0658.0857.3557.417.46M
Walt Disney & Co.DIS52.8953.4052.5452.547.42M
AmgenAMGN83.0184.7682.9983.816.53M
Wal-Mart StoresWMT74.9175.0574.2674.266.42M
UnitedHealth GroupUNH56.2256.5055.8456.206.34M
PepsicoPEP70.9471.0370.2670.355.64M
United TechnologiesUTX80.0980.2478.6878.775.45M
McDonald'sMCD93.9194.0092.8292.864.71M
AmazonAMZN256.33258.95251.03252.464.41M
BoeingBA70.2970.4969.3869.384.09M
Berkshire HathawayBRK.B88.9189.4188.1188.124.08M
VisaV133.84135.40133.62134.563.85M
3MMMM93.9594.1092.7292.833.8M
International Business MachinesIBM205.60207.32204.95204.983.35M
Union PacificUNP121.45121.98120.21120.382.02M
Exchange Rates of September 25, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77.790 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.980 CAD1 CAD = 1.020 USD
US DollarSwiss Franc1 USD = 0.937 CHF1 CHF = 1.067 USD
US DollarChinese Yuan1 USD = 6.306 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 100.390 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.797 GBP1 GBP = 1.255 EUR
EuroAustralian Dollar1 EUR = 1.242 AUD1 AUD = 0.805 EUR
EuroCanadian Dollar1 EUR = 1.265 CAD1 CAD = 0.791 EUR
EuroSwiss Franc1 EUR = 1.210 CHF1 CHF = 0.827 EUR
EuroChinese Yuan1 EUR = 8.137 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.793 GBP1 GBP = 1.260 JPY
Japanese YenAustralian Dollar1 JPY = 1.237 AUD1 AUD = 0.809 JPY
Japanese YenCanadian Dollar1 JPY = 1.259 CAD1 CAD = 0.794 JPY
Japanese YenSwiss Franc1 JPY = 1.205 CHF1 CHF = 0.830 JPY
Pound SterlingAustralian Dollar1 GBP = 1.559 AUD1 AUD = 0.642 GBP
Pound SterlingCanadian Dollar1 GBP = 1.587 CAD1 CAD = 0.630 GBP
Pound SterlingSwiss Franc1 GBP = 1.518 CHF1 CHF = 0.659 GBP
Pound SterlingChinese Yuan1 GBP = 10.210 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 1.018 CAD1 CAD = 0.982 AUD
Australian DollarSwiss Franc1 AUD = 0.973 CHF1 CHF = 1.027 AUD
Australian DollarChinese Yuan1 AUD = 6.547 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.956 CHF1 CHF = 1.046 CAD
Canadian DollarChinese Yuan1 CAD = 6.431 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.726 CNY1 CNY = 0.149 CHF

See what else happened on September 25, 2012