Financial news on January 27, 2010

Business and Financial news
Ailing Banks Favor Salaries Over Shareholders

A few struggling banks in the postbailout world are by some measures the industry’s most generous employers. Read more..

By ERIC DASH - The New York Times

A Little ‘i’ to Teach About Online Privacy

Trying to ward off regulators, the ad industry has agreed on a standard icon to tell consumers what is happening. Read more..

By STEPHANIE CLIFFORD - The New York Times

As China Rises, Conflict With West Rises Too

The severe recession has fast-forwarded history, catapulting an unprepared world into a period of uneasy cohabitation between China and the U.S. Read more..

By KATRIN BENNHOLD - International Herald Tribune

At Least 1,550 Seek to Keep Car Dealerships

More than half of the dealers terminated by General Motors and Chrysler go to arbitration, hoping to be reinstated or compensated. Read more..

By NICK BUNKLEY - The New York Times

From Neoliberal Paradise to Paradigm of Serpents

The neoclassical model of economics failed a lot earlier than in the current crisis, at least according to Richard Thaler, a professor of behavioral economics at the University of Chicago. Read more..

By KATRIN BENNHOLD - The New York Times

G.M. Enters Agreement to Sell Saab to Spyker

Under the deal, Spyker will give G.M. $74 million in cash and $326 million in preferred shares of the combined Spyker-Saab entity. Read more..

By NELSON D. SCHWARTZ - The New York Times

I.R.S. Moves to Uncover Dubious Use of Shelters

The agency will require corporations to report the broad outlines of tax transactions that might raise questions within the agency. Read more..

By LYNNLEY BROWNING - The New York Times

Live From Davos; Geithner Takes the Stand

A rundown of Day 1 at the World Economic Forum in Davos. Read more..

By DEALBOOK - The New York Times

Resignation of the Chief at Borders Adds to Unease About Book Sales

Ron Marshall, who joined Borders in January 2009, was the third person to occupy the chief executive’s seat in three years. Read more..

By MOTOKO RICH - The New York Times

Two at Fed Had Doubts Over Payout by A.I.G.

After rescuing the American International Group with a loan, federal officials rejected forcing trading partners to return $30 billion they had received from A.I.G. Read more..

By GRETCHEN MORGENSON and LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.2916.3916.0316.3076.9M
IntelINTC20.0020.3319.8220.2474.9M
JPMorgan ChaseJPM38.3539.4938.0739.3366.3M
MicrosoftMSFT29.3529.8229.0229.6763.9M
Wells Fargo & Co.WFC26.9028.2426.8828.2063.1M
AppleAAPL206.85210.58199.53207.8861.5M
AT&T Inc.T25.2126.1225.1025.6259M
PfizerPFE18.7819.0918.6619.0054.6M
Cisco SystemsCSCO22.8923.2622.7623.1551.8M
ExxonMobilXOM65.6666.0665.0065.5435.7M
Verizon CommunicationsVZ29.9930.2029.5029.8735M
Oracle Corp.ORCL23.9024.0523.5423.8628.8M
Gilead SciencesGILD47.0848.3246.8748.0428.4M
Abbott LaboratoriesABT54.1054.1453.1553.9024.1M
ComcastCMCSA15.6316.0915.5815.8520.4M
Berkshire HathawayBRK.B73.2873.2869.9171.3619.9M
HP Inc.HPQ49.7749.7748.5149.4518M
MerckMRK38.4938.7837.9638.6417.5M
Walt Disney & Co.DIS29.5629.8129.0129.3216.1M
ConocoPhillipsCOP50.4351.0448.9949.8115.8M
Procter & GamblePG60.4660.9859.9560.8115.2M
Johnson & JohnsonJNJ62.7863.7262.7063.4415M
AmazonAMZN121.03123.33118.80122.7514.8M
BoeingBA58.8462.0858.8361.9314.8M
UnitedHealth GroupUNH32.3433.5332.1133.2414.4M
ChevronCVX73.9474.3673.1373.7013.4M
Wal-Mart StoresWMT53.5253.7753.1053.4013.2M
Home DepotHD27.6227.9227.4927.8412.8M
AltriaMO19.9720.0519.8319.9912.5M
Bristol-Myers SquibbBMY24.2824.4124.0824.3012.4M
Coca-ColaKO54.0054.6653.7054.5110.2M
AmgenAMGN56.3557.8856.3557.749.7M
SchlumbergerSLB65.4666.2964.8265.709.69M
International Business MachinesIBM125.82126.96125.04126.338.72M
McDonald'sMCD63.6764.0063.3063.738.08M
AlphabetGOOGL541.27547.65535.31542.107.92M
United TechnologiesUTX67.2667.8566.5067.617.69M
PepsicoPEP60.0560.3959.6060.296.15M
3MMMM81.3382.8481.0182.305.07M
VisaV80.8884.1380.6183.914.83M
Union PacificUNP64.0564.0563.0063.813.99M
Exchange Rates of January 27, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.950 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.064 CAD1 CAD = 0.940 USD
US DollarSwiss Franc1 USD = 1.050 CHF1 CHF = 0.952 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 126.150 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.867 GBP1 GBP = 1.154 EUR
EuroAustralian Dollar1 EUR = 1.566 AUD1 AUD = 0.639 EUR
EuroCanadian Dollar1 EUR = 1.492 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.472 CHF1 CHF = 0.679 EUR
EuroChinese Yuan1 EUR = 9.573 CNY1 CNY = 0.104 EUR
Japanese YenPound Sterling1 JPY = 0.687 GBP1 GBP = 1.456 JPY
Japanese YenAustralian Dollar1 JPY = 1.241 AUD1 AUD = 0.806 JPY
Japanese YenCanadian Dollar1 JPY = 1.182 CAD1 CAD = 0.846 JPY
Japanese YenSwiss Franc1 JPY = 1.167 CHF1 CHF = 0.857 JPY
Pound SterlingAustralian Dollar1 GBP = 1.805 AUD1 AUD = 0.554 GBP
Pound SterlingCanadian Dollar1 GBP = 1.720 CAD1 CAD = 0.581 GBP
Pound SterlingSwiss Franc1 GBP = 1.698 CHF1 CHF = 0.589 GBP
Australian DollarCanadian Dollar1 AUD = 0.953 CAD1 CAD = 1.050 AUD
Australian DollarSwiss Franc1 AUD = 0.940 CHF1 CHF = 1.064 AUD
Australian DollarChinese Yuan1 AUD = 6.110 CNY1 CNY = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 0.987 CHF1 CHF = 1.014 CAD
Canadian DollarChinese Yuan1 CAD = 6.411 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.501 CNY1 CNY = 0.154 CHF

See what else happened on January 27, 2010