Financial news on September 26, 2012

Business and Financial news
American Airlines Faults Its Pilots for Disruptions

American Airlines says it has been forced to cancel hundreds of flights because pilots are calling in sick in greater numbers and using other delay tactics related to an increasingly volatile labor dispute. Read more..

By JAD MOUAWAD - The New York Times

Bond Investors Register Nervousness About Spain

Spain’s borrowing costs rise at an auction of short-term debt, showing investors’ uncertainty about the country’s strategy for emerging from crisis; Spanish Treasury sells almost 4 billion euros ($5.2 billion) in bills, drawing a yield of 1.203 percent, up sharply from 0.946 in August. Read more..

By DAVID JOLLY - The New York Times

Brooklyn’s Industrial Space Retools for a New Era

New York City and developers are revamping city-owned properties in Brooklyn's Sunset Park neighborhood that have become increasingly vacant since their manufacturing heyday; renovation effort is targeted at companies seeking high-tech amenities rather than large manufacturing space. Read more..

By RONDA KAYSEN - The New York Times

EADS and BAE Deny They May Change Terms of Merger

The companies face continued resistance from Germany and France to key terms of their proposed $49 billion merger. Read more..

By NICOLA CLARK - International Herald Tribune

Germany Acts to Increase Limits on High-Speed Trades

Germany approves draft legislation that foresees imposing additional controls on high-frequency trading, computer-driven force that has been rattling stock markets across the globe; country would become one of the first to attempt to regulate such trades. Read more..

By MELISSA EDDY and JAMES KANTER - The New York Times

I.B.M.’s Chief Is Named Chairwoman

IBM announces that its president and chief executive Virginia M Rometty will take on the added role of chairwoman of the company's board; current chairman Samuel J Palmisano will retire at the end of 2012. Read more..

By THE ASSOCIATED PRESS - The New York Times

In Romney-Obama ‘Redistribution’ Debate, a Gray Area

Eduardo Porter Economic Scene column contends that despite campaign-trail rhetoric, demographics alone suggest that the government is going to redistribute more of the nation's wealth in the future than it does today, regardless of who is the next president. Read more..

By EDUARDO PORTER - The New York Times

Major Indexes Dive After Fed Official Voices Doubt About Stimulus

Stocks suffer their biggest decline in three months after Charles I Plosser, president of the Federal Reserve Bank of Philadelphia, says he doubts the central bank's effort to bolster economic growth will succeed. Read more..

By THE ASSOCIATED PRESS - The New York Times

New Limits Considered in Airwaves

Federal Communications Commission, pushed by small and medium-size telecommunication companies, plans to begin setting new rules to govern how much of the airwaves, or spectrum, a single carrier can hold; companies are seeking regulations as they attempt to compete with behemoths Verizon and AT&T. Read more..

By EDWARD WYATT - The New York Times

Olympus and Ex-Executives Plead Guilty in Accounting Fraud

Japanese camera and medical equipment maker Olympus Corporation and three of its former executives plead guilty over charges related to a $1.7 billion accounting cover-up in one of Japan’s biggest corporate scandals. 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 30.28 30.60 30.04 30.17 54.7M
Intel INTC 22.57 22.75 22.48 22.65 49.7M
General Electric GE 22.16 22.25 22.07 22.10 41.1M
Facebook FB 20.15 20.78 19.80 20.62 38.3M
HP Inc. HPQ 16.69 17.25 16.23 17.11 37.1M
Cisco Systems CSCO 18.69 18.75 18.35 18.58 30.3M
Oracle Corp. ORCL 31.02 31.08 30.57 30.73 29.2M
Pfizer PFE 24.91 24.99 24.79 24.83 29M
Wells Fargo & Co. WFC 34.79 34.80 34.29 34.42 27.5M
AT&T Inc. T 38.08 38.38 38.00 38.08 24.7M
JPMorgan Chase JPM 40.15 40.63 39.70 40.24 23.8M
Apple AAPL 668.74 672.69 661.20 665.18 20.6M
Coca-Cola KO 37.78 38.19 37.74 37.76 16.7M
Comcast CMCSA 35.91 35.98 35.06 35.12 13.9M
Merck MRK 45.11 45.37 45.00 45.01 12.7M
Abbott Laboratories ABT 69.57 69.76 69.09 69.19 11.9M
ExxonMobil XOM 91.72 92.04 91.10 91.23 11.6M
Alphabet GOOGL 749.85 761.24 741.00 753.46 11.3M
Johnson & Johnson JNJ 69.50 69.50 68.96 69.00 9.97M
Verizon Communications VZ 45.62 45.90 45.51 45.59 9.36M
Bristol-Myers Squibb BMY 34.02 34.05 33.61 33.66 8.61M
Home Depot HD 59.58 59.95 59.13 59.17 8.58M
Gilead Sciences GILD 67.04 67.87 65.78 66.06 8.44M
General Motors GM 23.25 23.73 22.85 23.39 8.33M
Altria MO 34.04 34.28 34.01 34.17 8.04M
Walt Disney & Co. DIS 52.42 52.60 51.77 51.94 8.02M
Procter & Gamble PG 69.49 69.85 69.30 69.30 7.7M
ConocoPhillips COP 57.32 57.47 56.88 57.01 6.46M
Chevron CVX 116.82 117.00 116.15 116.30 5.59M
UnitedHealth Group UNH 56.34 56.75 55.75 55.78 5.56M
Amgen AMGN 84.09 84.92 83.16 83.46 5.42M
Boeing BA 69.34 70.51 69.31 70.25 5.26M
Schlumberger SLB 72.34 72.58 71.71 72.05 5.1M
Wal-Mart Stores WMT 74.16 74.84 74.14 74.19 4.8M
United Technologies UTX 78.90 79.06 78.31 78.53 4.68M
McDonald's MCD 92.89 93.35 92.88 93.20 4.39M
Berkshire Hathaway BRK.B 88.31 89.11 88.21 88.33 3.8M
Pepsico PEP 70.63 70.99 70.41 70.42 3.76M
International Business Machines IBM 205.05 205.98 203.90 204.00 3.42M
Amazon AMZN 252.40 254.61 248.23 249.67 2.92M
Visa V 134.14 134.56 132.38 132.52 2.66M
3M MMM 92.88 93.40 92.54 92.59 2.61M
Union Pacific UNP 119.99 120.60 118.51 118.92 2.03M
Exchange Rates of September 26, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.730 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.985 CAD 1 CAD = 1.016 USD
US Dollar Swiss Franc 1 USD = 0.939 CHF 1 CHF = 1.065 USD
US Dollar Chinese Yuan 1 USD = 6.302 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 100.040 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.796 GBP 1 GBP = 1.256 EUR
Euro Australian Dollar 1 EUR = 1.241 AUD 1 AUD = 0.806 EUR
Euro Canadian Dollar 1 EUR = 1.268 CAD 1 CAD = 0.789 EUR
Euro Swiss Franc 1 EUR = 1.209 CHF 1 CHF = 0.827 EUR
Euro Chinese Yuan 1 EUR = 8.112 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.795 GBP 1 GBP = 1.257 JPY
Japanese Yen Australian Dollar 1 JPY = 1.239 AUD 1 AUD = 0.807 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.266 CAD 1 CAD = 0.790 JPY
Japanese Yen Swiss Franc 1 JPY = 1.208 CHF 1 CHF = 0.828 JPY
Pound Sterling Australian Dollar 1 GBP = 1.558 AUD 1 AUD = 0.642 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.592 CAD 1 CAD = 0.628 GBP
Pound Sterling Swiss Franc 1 GBP = 1.518 CHF 1 CHF = 0.659 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.189 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.021 CAD 1 CAD = 0.979 AUD
Australian Dollar Swiss Franc 1 AUD = 0.974 CHF 1 CHF = 1.027 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.538 CNY 1 CNY = 0.153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.953 CHF 1 CHF = 1.049 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.397 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.707 CNY 1 CNY = 0.149 CHF

See what else happened on September 26, 2012