Financial news on September 27, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19,40 19,43 19,18 19,24 51.1M
Cisco Systems CSCO 22,01 22,31 21,86 22,11 48.6M
Microsoft MSFT 24,84 24,99 24,59 24,73 43.6M
General Electric GE 16,65 16,65 16,40 16,43 40.6M
Oracle Corp. ORCL 26,86 27,12 26,78 26,95 34.1M
AT&T Inc. T 28,60 29,15 28,52 28,87 31M
Wells Fargo & Co. WFC 25,72 25,92 25,49 25,53 28.4M
Pfizer PFE 17,42 17,43 17,13 17,17 27.9M
JPMorgan Chase JPM 39,54 39,67 39,01 39,08 25.7M
HP Inc. HPQ 41,16 41,76 40,91 41,26 23.1M
Verizon Communications VZ 32,61 33,07 32,52 32,86 19.8M
Comcast CMCSA 18,49 18,51 18,25 18,31 19.5M
Apple AAPL 293,98 294,73 291,01 291,16 17.2M
ExxonMobil XOM 61,99 62,08 61,68 61,71 16.6M
Merck MRK 37,41 37,48 37,13 37,13 11.1M
Altria MO 24,06 24,10 24,00 24,01 11M
Procter & Gamble PG 61,45 61,70 61,02 61,04 10.3M
Abbott Laboratories ABT 51,95 52,26 51,79 52,10 10.2M
Bristol-Myers Squibb BMY 27,65 27,77 27,59 27,60 9.21M
Wal-Mart Stores WMT 53,91 54,01 53,47 53,48 8.66M
Chevron CVX 80,30 80,61 80,07 80,08 8.38M
Home Depot HD 31,71 31,85 31,44 31,60 7.99M
Walt Disney & Co. DIS 33,60 33,66 33,28 33,29 7.88M
Schlumberger SLB 61,03 61,07 59,67 59,86 7.83M
Johnson & Johnson JNJ 62,22 62,32 61,93 62,03 7.69M
ConocoPhillips COP 56,52 56,79 56,01 56,26 7.67M
UnitedHealth Group UNH 35,83 35,83 35,25 35,35 7.51M
Amazon AMZN 160,22 161,20 157,88 159,37 6.45M
Alphabet GOOGL 528,85 536,85 528,85 530,41 6.21M
International Business Machines IBM 133,51 135,00 133,51 134,65 6.16M
McDonald's MCD 75,23 75,39 74,75 74,76 5.96M
Berkshire Hathaway BRK.B 83,60 83,87 82,80 82,87 5.76M
Gilead Sciences GILD 36,41 36,45 35,83 35,86 5.28M
Coca-Cola KO 58,75 58,86 58,55 58,60 5.27M
Pepsico PEP 66,07 66,76 66,06 66,37 5.23M
Visa V 72,77 73,49 71,90 73,00 5.02M
Amgen AMGN 55,94 56,43 55,64 55,69 4.42M
United Technologies UTX 71,34 71,46 70,85 70,91 3.73M
Boeing BA 64,61 64,70 63,80 63,89 2.76M
Union Pacific UNP 82,23 82,50 81,52 81,65 2.7M
3M MMM 86,86 87,11 86,07 86,19 2.49M
Exchange Rates of September 27, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 84,280 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,030 CAD 1 CAD = 0,971 USD
US Dollar Swiss Franc 1 USD = 0,986 CHF 1 CHF = 1,014 USD
US Dollar Chinese Yuan 1 USD = 6,692 CNY 1 CNY = 0,149 USD
Euro Japanese Yen 1 EUR = 113,280 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,850 GBP 1 GBP = 1,176 EUR
Euro Australian Dollar 1 EUR = 1,399 AUD 1 AUD = 0,715 EUR
Euro Canadian Dollar 1 EUR = 1,384 CAD 1 CAD = 0,722 EUR
Euro Swiss Franc 1 EUR = 1,325 CHF 1 CHF = 0,755 EUR
Euro Chinese Yuan 1 EUR = 8,999 CNY 1 CNY = 0,111 EUR
Japanese Yen Pound Sterling 1 JPY = 0,750 GBP 1 GBP = 1,333 JPY
Japanese Yen Australian Dollar 1 JPY = 1,234 AUD 1 AUD = 0,810 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,222 CAD 1 CAD = 0,819 JPY
Japanese Yen Swiss Franc 1 JPY = 1,169 CHF 1 CHF = 0,855 JPY
Pound Sterling Australian Dollar 1 GBP = 1,645 AUD 1 AUD = 0,608 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,628 CAD 1 CAD = 0,614 GBP
Pound Sterling Swiss Franc 1 GBP = 1,558 CHF 1 CHF = 0,642 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,573 CNY 1 CNY = 0,095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,989 CAD 1 CAD = 1,011 AUD
Australian Dollar Swiss Franc 1 AUD = 0,947 CHF 1 CHF = 1,056 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,428 CNY 1 CNY = 0,156 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,957 CHF 1 CHF = 1,045 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,494 CNY 1 CNY = 0,154 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,788 CNY 1 CNY = 0,147 CHF

See what else happened on September 27, 2010