Financial news on September 27th, 2010

Business and Financial news
After a Long Wait, a Critic of Citigroup Wins a Meeting With Top Executives

Michael Mayo knows what tie he will be wearing to a meeting he has tried for nearly two years to arrange with Citi’s chief, Vikram Pandit. Read more..

By SUSANNE CRAIG - The New York Times

A.I.A. Kicks Off Pre-Marketing for Mega I.P.O.

The American International Group began pre-marketing for the initial public offering of its Asian life insurance business on Monday to gauge demand, and is expected to set a price range in coming weeks. Read more..

By DEALBOOK - The New York Times

Finding Surprises in the Small-Business Jobs Bill

Most of the controversy surrounding the small-business jobs bill that cleared the House of Representatives on Thursday concerned a $30 billion small-business lending fund to be established by the Treasury Department, but closer examination reveals more. Read more..

By DEALBOOK - The New York Times

Santander-M&T Deal Talks ‘Dead,’ Report Says

M&T Bank’s talks to buy Sovereign Bank from Banco Santander have stalled over disagreements as to who would control the combined entity, with sources calling the negotiations “dead”, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Students Scarce for Japan’s New Graduate Schools

In Japan, the number of universities and academic programs has risen sharply. But there is one problem: Not enough students are signing up. Read more..

By MIKI TANIKAWA - International Herald Tribune

Unilever to Buy Alberto Culver for $3.7 Billion

Unilever, the Anglo-Dutch consumer goods company, said Monday that it had agreed to buy Alberto Culver, the beauty care products company based in a suburb of Chicago, for $3.7 billion in cash. Read more..

By CHRIS V. NICHOLSON - The New York Times

Venezuela Approves BP Asset Sale Talks

Venezuela has granted BP permission to negotiate the sale of its assets in the South American OPEC member, Venezuelan Oil Minister Rafael Ramirez said on Sunday, Reuters reported. Read more..

By DEALBOOK - The New York Times

Vivendi Sells $2 Billion Stake in NBC to G.E.

Vivendi, the French conglomerate, said Monday it had sold an initial chunk of its 20 percent stake in the media group NBC Universal to General Electric (GE.N) for $2 billion as it shifts its acquisition strategy. Read more..

By DEALBOOK - The New York Times

What a Top Energy Banker Brings to Citigroup

Citigroup’s hiring of an energy banker, Stephen Trauber — even for a reported $30 million package — could pay off in the end because he is considered one of the most active deal makers in Houston. Read more..

By CYRUS SANATI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO22.0122.3121.8622.1148.6M
General ElectricGE16.6516.6516.4016.4340.6M
Oracle Corp.ORCL26.8627.1226.7826.9534.1M
AT&T Inc.T28.6029.1528.5228.8731M
Wells Fargo & Co.WFC25.7225.9225.4925.5328.4M
JPMorgan ChaseJPM39.5439.6739.0139.0825.7M
HP Inc.HPQ41.1641.7640.9141.2623.1M
Verizon CommunicationsVZ32.6133.0732.5232.8619.8M
Procter & GamblePG61.4561.7061.0261.0410.3M
Abbott LaboratoriesABT51.9552.2651.7952.1010.2M
Bristol-Myers SquibbBMY27.6527.7727.5927.609.21M
Wal-Mart StoresWMT53.9154.0153.4753.488.66M
Home DepotHD31.7131.8531.4431.607.99M
Walt Disney & Co.DIS33.6033.6633.2833.297.88M
Johnson & JohnsonJNJ62.2262.3261.9362.037.69M
UnitedHealth GroupUNH35.8335.8335.2535.357.51M
International Business MachinesIBM133.51135.00133.51134.656.16M
Berkshire HathawayBRK.B83.6083.8782.8082.875.76M
Gilead SciencesGILD36.4136.4535.8335.865.28M
United TechnologiesUTX71.3471.4670.8570.913.73M
Union PacificUNP82.2382.5081.5281.652.7M
Exchange Rates of September 27th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84.280 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.030 CAD1 CAD = 0.971 USD
US DollarSwiss Franc1 USD = 0.986 CHF1 CHF = 1.014 USD
US DollarChinese Yuan1 USD = 6.692 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 113.280 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.850 GBP1 GBP = 1.176 EUR
EuroAustralian Dollar1 EUR = 1.399 AUD1 AUD = 0.715 EUR
EuroCanadian Dollar1 EUR = 1.384 CAD1 CAD = 0.722 EUR
EuroSwiss Franc1 EUR = 1.325 CHF1 CHF = 0.755 EUR
EuroChinese Yuan1 EUR = 8.999 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.750 GBP1 GBP = 1.333 JPY
Japanese YenAustralian Dollar1 JPY = 1.234 AUD1 AUD = 0.810 JPY
Japanese YenCanadian Dollar1 JPY = 1.222 CAD1 CAD = 0.819 JPY
Japanese YenSwiss Franc1 JPY = 1.169 CHF1 CHF = 0.855 JPY
Pound SterlingAustralian Dollar1 GBP = 1.645 AUD1 AUD = 0.608 GBP
Pound SterlingCanadian Dollar1 GBP = 1.628 CAD1 CAD = 0.614 GBP
Pound SterlingSwiss Franc1 GBP = 1.558 CHF1 CHF = 0.642 GBP
Pound SterlingChinese Yuan1 GBP = 10.573 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.989 CAD1 CAD = 1.011 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Australian DollarChinese Yuan1 AUD = 6.428 CNY1 CNY = 0.156 AUD
Canadian DollarSwiss Franc1 CAD = 0.957 CHF1 CHF = 1.045 CAD
Canadian DollarChinese Yuan1 CAD = 6.494 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 6.788 CNY1 CNY = 0.147 CHF

See what else happened on September 27th, 2010