Financial news on September 26th, 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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT30.2830.6030.0430.1754.7M
IntelINTC22.5722.7522.4822.6549.7M
General ElectricGE22.1622.2522.0722.1041.1M
FacebookFB20.1520.7819.8020.6238.3M
HP Inc.HPQ16.6917.2516.2317.1137.1M
Cisco SystemsCSCO18.6918.7518.3518.5830.3M
Oracle Corp.ORCL31.0231.0830.5730.7329.2M
PfizerPFE24.9124.9924.7924.8329M
Wells Fargo & Co.WFC34.7934.8034.2934.4227.5M
AT&T Inc.T38.0838.3838.0038.0824.7M
JPMorgan ChaseJPM40.1540.6339.7040.2423.8M
AppleAAPL668.74672.69661.20665.1820.6M
Coca-ColaKO37.7838.1937.7437.7616.7M
ComcastCMCSA35.9135.9835.0635.1213.9M
MerckMRK45.1145.3745.0045.0112.7M
Abbott LaboratoriesABT69.5769.7669.0969.1911.9M
ExxonMobilXOM91.7292.0491.1091.2311.6M
AlphabetGOOGL749.85761.24741.00753.4611.3M
Johnson & JohnsonJNJ69.5069.5068.9669.009.97M
Verizon CommunicationsVZ45.6245.9045.5145.599.36M
Bristol-Myers SquibbBMY34.0234.0533.6133.668.61M
Home DepotHD59.5859.9559.1359.178.58M
Gilead SciencesGILD67.0467.8765.7866.068.44M
General MotorsGM23.2523.7322.8523.398.33M
AltriaMO34.0434.2834.0134.178.04M
Walt Disney & Co.DIS52.4252.6051.7751.948.02M
Procter & GamblePG69.4969.8569.3069.307.7M
ConocoPhillipsCOP57.3257.4756.8857.016.46M
ChevronCVX116.82117.00116.15116.305.59M
UnitedHealth GroupUNH56.3456.7555.7555.785.56M
AmgenAMGN84.0984.9283.1683.465.42M
BoeingBA69.3470.5169.3170.255.26M
SchlumbergerSLB72.3472.5871.7172.055.1M
Wal-Mart StoresWMT74.1674.8474.1474.194.8M
United TechnologiesUTX78.9079.0678.3178.534.68M
McDonald'sMCD92.8993.3592.8893.204.39M
Berkshire HathawayBRK.B88.3189.1188.2188.333.8M
PepsicoPEP70.6370.9970.4170.423.76M
International Business MachinesIBM205.05205.98203.90204.003.42M
AmazonAMZN252.40254.61248.23249.672.92M
VisaV134.14134.56132.38132.522.66M
3MMMM92.8893.4092.5492.592.61M
Union PacificUNP119.99120.60118.51118.922.03M
Exchange Rates of September 26th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77.730 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.985 CAD1 CAD = 1.016 USD
US DollarSwiss Franc1 USD = 0.939 CHF1 CHF = 1.065 USD
US DollarChinese Yuan1 USD = 6.302 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 100.040 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.796 GBP1 GBP = 1.256 EUR
EuroAustralian Dollar1 EUR = 1.241 AUD1 AUD = 0.806 EUR
EuroCanadian Dollar1 EUR = 1.268 CAD1 CAD = 0.789 EUR
EuroSwiss Franc1 EUR = 1.209 CHF1 CHF = 0.827 EUR
EuroChinese Yuan1 EUR = 8.112 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.795 GBP1 GBP = 1.257 JPY
Japanese YenAustralian Dollar1 JPY = 1.239 AUD1 AUD = 0.807 JPY
Japanese YenCanadian Dollar1 JPY = 1.266 CAD1 CAD = 0.790 JPY
Japanese YenSwiss Franc1 JPY = 1.208 CHF1 CHF = 0.828 JPY
Pound SterlingAustralian Dollar1 GBP = 1.558 AUD1 AUD = 0.642 GBP
Pound SterlingCanadian Dollar1 GBP = 1.592 CAD1 CAD = 0.628 GBP
Pound SterlingSwiss Franc1 GBP = 1.518 CHF1 CHF = 0.659 GBP
Pound SterlingChinese Yuan1 GBP = 10.189 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 1.021 CAD1 CAD = 0.979 AUD
Australian DollarSwiss Franc1 AUD = 0.974 CHF1 CHF = 1.027 AUD
Australian DollarChinese Yuan1 AUD = 6.538 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.953 CHF1 CHF = 1.049 CAD
Canadian DollarChinese Yuan1 CAD = 6.397 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.707 CNY1 CNY = 0.149 CHF

See what else happened on September 26th, 2012