Financial news on September 27th, 2010
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
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..
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..
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 27th, 2010
Currencies | Exchange 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 27th, 2010