Financial news on October 27th, 2010
Business and Financial news
The telecom equipment provider will sell itself for $31.50 a share in cash, although it has until Dec. 5 to find a higher offer. Read more..
State-owned Dubai World has secured support from all its creditors for a $25 billion debt restructuring plan, a spokesman said on Wednesday, helping to avoid a drawn-out battle with a special tribunal. Read more..
Deutsche Bank said Wednesday that it had lost money in the third quarter as the costs of acquiring Germany’s largest retail bank added to the effects of a slump in stock trading. Read more..
Did David Einhorn turn down Warren E. Buffett? That’s the suggestion from Insider Monkey. The blog thinks the Greenlight Capital chief may have been one of the unidentified fund managers to take themselves out of the running to become heir apparent to manage the investments at Berkshire Hathaway. Read more..
The European Union agreed Tuesday after drawn-out negotiations to new rules for hedge funds, having gained the approval of the European Parliament to regulate more thoroughly the 2 trillion euro industry. Read more..
The Federal Reserve will not join a group of leading commercial banks in asking the Supreme Court to allow the government to withhold details of emergency loans made to financial companies in 2008. Read more..
The Supreme Court is now less likely to hear the case, which was asking the government to withhold details of the 2008 bank rescues. Read more..
I.B.M. said on Tuesday that its board had approved an additional $10 billion in stock buybacks, representing nearly 6 percent of its outstanding shares. Read more..
A merger between Singapore Exchange and ASX will make it harder for Hong Kong to win offerings by commodity companies and achieve an expansion plan announced this year, the chairman of the Hong Kong bourse said. Read more..
White Collar Watch examines how court rulings, most recently one in New York, have reaffirmed the protection that outside advisers have from damage claims in cases of corporate fraud. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25,69||26,00||25,60||25,75||35.4M|
|Procter & Gamble||PG||63,33||63,35||62,73||63,08||13.3M|
|Johnson & Johnson||JNJ||63,58||63,69||63,28||63,57||11.9M|
|Walt Disney & Co.||DIS||35,60||35,96||35,47||35,92||11.8M|
|International Business Machines||IBM||139,52||141,57||139,00||141,43||6.47M|
Exchange Rates of October 27th, 2010
|US Dollar||Japanese Yen||1 USD = 81,710 JPY||1 JPY = 0,012 USD|
|US Dollar||Canadian Dollar||1 USD = 1,028 CAD||1 CAD = 0,973 USD|
|US Dollar||Swiss Franc||1 USD = 0,990 CHF||1 CHF = 1,010 USD|
|US Dollar||Chinese Yuan||1 USD = 6,682 CNY||1 CNY = 0,150 USD|
|Euro||Japanese Yen||1 EUR = 112,560 JPY||1 JPY = 0,009 EUR|
|Euro||Pound Sterling||1 EUR = 0,873 GBP||1 GBP = 1,146 EUR|
|Euro||Australian Dollar||1 EUR = 1,416 AUD||1 AUD = 0,706 EUR|
|Euro||Canadian Dollar||1 EUR = 1,416 CAD||1 CAD = 0,706 EUR|
|Euro||Swiss Franc||1 EUR = 1,364 CHF||1 CHF = 0,733 EUR|
|Euro||Chinese Yuan||1 EUR = 9,198 CNY||1 CNY = 0,109 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0,775 GBP||1 GBP = 1,290 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1,258 AUD||1 AUD = 0,795 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1,257 CAD||1 CAD = 0,795 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1,211 CHF||1 CHF = 0,825 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1,622 AUD||1 AUD = 0,616 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1,622 CAD||1 CAD = 0,617 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1,562 CHF||1 CHF = 0,640 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10,530 CNY||1 CNY = 0,095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1,000 CAD||1 CAD = 1,000 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,963 CHF||1 CHF = 1,039 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6,496 CNY||1 CNY = 0,154 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0,963 CHF||1 CHF = 1,038 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6,499 CNY||1 CNY = 0,154 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6,746 CNY||1 CNY = 0,148 CHF|