Financial news on February 27, 2009
Business and Financial news
CanWest Global Communications may soon be nearing default on its crushing debt load and possibly facing bankruptcy. Read more..
Congress appears ready to expand the Fed’s regulatory brief, even though the bank was blindsided by the current crisis. Read more..
Laura Pendergest-Holt, Stanford Financial’s chief investment officer, was charged with obstructing a proceeding before a federal agency. Read more..
Newspapers, already reeling from advertising revenue losses, are wary of Google’s latest move. Read more..
The results could lead to approval of the first drug to treat a specific symptom of the disease. Read more..
Though they were led to believe that the second wave of money released by the Treasury would help some of them, insurers are now uncertain what if any relief might come their way. Read more..
The newspaper’s owner, E.W. Scripps, said that its search for a buyer for The News was unsuccessful and that it will publish its last edition on Friday. Read more..
The government needs to get tough with the insurer American International Group, as its hopes of selling some of its assets are fading and the government may be considering more aid. Read more..
The Treasury Department said it would vastly increase its ownership of the struggling company. Read more..
Mr. Tatum was the often provocative former publisher and editor of The New York Amsterdam News, the oldest and best-known of the city’s black newspapers. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||12.54||14.83||11.87||12.10||187M|
|Johnson & Johnson||JNJ||51.59||52.00||49.94||50.00||29.9M|
|International Business Machines||IBM||88.01||93.28||88.01||92.03||21.3M|
|Procter & Gamble||PG||48.66||49.11||47.76||48.17||20.7M|
|Walt Disney & Co.||DIS||16.68||17.13||16.42||16.77||18.6M|
Exchange Rates of February 27, 2009
|US Dollar||Japanese Yen||1 USD = 97.560 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.275 CAD||1 CAD = 0.784 USD|
|US Dollar||Swiss Franc||1 USD = 1.169 CHF||1 CHF = 0.855 USD|
|US Dollar||Chinese Yuan||1 USD = 6.840 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 123.590 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.885 GBP||1 GBP = 1.130 EUR|
|Euro||Australian Dollar||1 EUR = 1.983 AUD||1 AUD = 0.504 EUR|
|Euro||Canadian Dollar||1 EUR = 1.616 CAD||1 CAD = 0.619 EUR|
|Euro||Swiss Franc||1 EUR = 1.482 CHF||1 CHF = 0.675 EUR|
|Euro||Chinese Yuan||1 EUR = 8.668 CNY||1 CNY = 0.115 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.716 GBP||1 GBP = 1.397 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.603 AUD||1 AUD = 0.624 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.307 CAD||1 CAD = 0.765 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.199 CHF||1 CHF = 0.834 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.241 AUD||1 AUD = 0.446 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.825 CAD||1 CAD = 0.548 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.674 CHF||1 CHF = 0.597 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.780 CNY||1 CNY = 0.102 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.814 CAD||1 CAD = 1.228 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.746 CHF||1 CHF = 1.341 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 4.370 CNY||1 CNY = 0.229 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.916 CHF||1 CHF = 1.092 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.366 CNY||1 CNY = 0.186 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 5.843 CNY||1 CNY = 0.171 CHF|