Financial news on January 28, 2010

Business and Financial news
A Day Before Vote on Bernanke, Fed Leaves Rates Alone

In its statement, the Fed said that economic activity had continued to strengthen and that the deterioration in the labor market was easing. Read more..

By SEWELL CHAN - The New York Times

A Reminder of Precedents in Subsidizing Newspapers

Two scholars point out that newspapers have had help since Washington’s day, with paid ads from local governments and discounts on bulk mail. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Banks Try to Plan Response to Calls for Regulation

During the panel discussions at the World Economic Forum, participants didn’t hesitate to proclaim that tougher bank regulations were (or weren’t) needed. But it turns out there were more discussions along the sidelines. Read more..

By DEALBOOK - The New York Times

For Gamers, the iPhone Is a Player

To the delight of developers and buyers, games that sell for at least $30 on platforms like PlayStation cost a fraction of that on the iPhone platform. Read more..

By BOB TEDESCHI - The New York Times

Happy Days Aren’t Here Again

Banks, and global economies in general, will have to adjust to a world where credit is less plentiful and cheap, Paul Achleitner, chief financial officer of German insurer Allianz, said at the World Economic Forum. Read more..

By JACK EWING - The New York Times

Highlights from the Bits Blog Coverage of the iPad Announcement

Brad Stone, David Carr, John Markoff and David Pogue were among journalists for The New York Times writing about the announcement of the iPad. Here are excerpts from their observations. Read more..

By THE NEW YORK TIMES - The New York Times

Subprime: The Lung Cancer of Banking?

There was a sense among many in Davos that the task of rebuilding the shattered image of the financial industry was a major task that would probably outlive the immediate crisis, and might take many years. Read more..

By KATRIN BENNHOLD - The New York Times

The Apple iPad: First Impressions

Some wild speculations of a guy who’s never even tried the iPad. Believe me, I’ll review it when I get one. But I like what I’m seeing. Read more..

By DAVID POGUE - The New York Times

The Rise of Developing Countries, Continued

The latest sign at the World Economic Forum that the world is changing: a high-powered crowd turned up to hear economic advice from the prime minister of Vietnam. Read more..

By JACK EWING - The New York Times

YoGen Uses Elbow Grease to Recharge Devices

The YoGen lets you generate the electricity (by repeatedly pulling a self-retracting string) to recharge cellphones and other devices. Read more..

By ERIC A. TAUB - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.84 29.87 28.89 29.16 118M
General Electric GE 16.43 16.45 16.01 16.16 79.1M
Intel INTC 20.30 20.39 19.68 19.92 77M
JPMorgan Chase JPM 39.68 40.04 38.72 39.48 65M
Cisco Systems CSCO 23.18 23.22 22.35 22.52 63.6M
Wells Fargo & Co. WFC 28.28 28.77 27.72 28.45 62.1M
AT&T Inc. T 25.70 26.15 25.29 25.54 52.1M
Pfizer PFE 19.07 19.10 18.61 18.63 50.9M
Apple AAPL 204.93 205.50 198.70 199.29 41.9M
Oracle Corp. ORCL 24.08 24.18 23.29 23.47 41.2M
ExxonMobil XOM 65.85 65.85 64.57 64.96 37.3M
Verizon Communications VZ 29.83 30.20 29.13 29.33 35.7M
Amazon AMZN 124.43 127.20 122.80 126.03 27.3M
Procter & Gamble PG 61.67 63.31 61.58 61.68 26.9M
HP Inc. HPQ 49.40 49.43 47.51 47.79 26.6M
Home Depot HD 27.93 27.95 27.19 27.34 19.4M
Comcast CMCSA 15.97 16.12 15.55 15.62 19.3M
Bristol-Myers Squibb BMY 24.63 24.82 24.10 24.10 18.7M
ConocoPhillips COP 50.04 50.24 47.77 48.35 18M
Walt Disney & Co. DIS 29.43 29.48 28.71 29.35 17.1M
Johnson & Johnson JNJ 63.57 64.07 63.04 63.80 17.1M
Wal-Mart Stores WMT 53.38 53.45 52.51 52.61 17M
UnitedHealth Group UNH 33.33 34.09 33.04 33.43 16.7M
Altria MO 19.90 20.10 19.80 20.01 16.4M
Berkshire Hathaway BRK.B 71.94 73.99 71.79 73.75 14.1M
Gilead Sciences GILD 47.23 47.95 46.90 47.51 14M
Abbott Laboratories ABT 54.10 54.45 53.64 53.95 13.9M
Merck MRK 38.74 38.94 37.94 37.97 13.4M
Chevron CVX 73.97 74.18 72.32 73.24 12.8M
Amgen AMGN 57.87 58.78 57.56 58.08 11.6M
Coca-Cola KO 54.71 54.84 54.13 54.18 10.5M
International Business Machines IBM 127.03 127.04 123.05 123.75 9.62M
Pepsico PEP 60.30 60.50 59.50 59.74 9.29M
Schlumberger SLB 66.12 66.75 64.23 64.63 8.89M
Boeing BA 62.15 62.95 61.31 62.56 8.86M
McDonald's MCD 63.85 63.87 62.75 62.83 8.56M
3M MMM 82.62 82.64 79.11 80.75 6.82M
Alphabet GOOGL 544.49 547.00 530.60 534.29 6.45M
United Technologies UTX 67.69 67.83 66.55 67.37 5.58M
Union Pacific UNP 63.91 64.14 61.44 61.54 5.52M
Visa V 84.36 84.48 81.41 82.65 3.27M
Exchange Rates of January 28, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.900 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.066 CAD 1 CAD = 0.938 USD
US Dollar Swiss Franc 1 USD = 1.052 CHF 1 CHF = 0.950 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 125.600 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.865 GBP 1 GBP = 1.156 EUR
Euro Australian Dollar 1 EUR = 1.562 AUD 1 AUD = 0.640 EUR
Euro Canadian Dollar 1 EUR = 1.489 CAD 1 CAD = 0.671 EUR
Euro Swiss Franc 1 EUR = 1.470 CHF 1 CHF = 0.680 EUR
Euro Chinese Yuan 1 EUR = 9.536 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.689 GBP 1 GBP = 1.452 JPY
Japanese Yen Australian Dollar 1 JPY = 1.243 AUD 1 AUD = 0.805 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.185 CAD 1 CAD = 0.844 JPY
Japanese Yen Swiss Franc 1 JPY = 1.170 CHF 1 CHF = 0.855 JPY
Pound Sterling Australian Dollar 1 GBP = 1.804 AUD 1 AUD = 0.554 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.720 CAD 1 CAD = 0.581 GBP
Pound Sterling Swiss Franc 1 GBP = 1.697 CHF 1 CHF = 0.589 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.006 CNY 1 CNY = 0.091 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.953 CAD 1 CAD = 1.049 AUD
Australian Dollar Swiss Franc 1 AUD = 0.940 CHF 1 CHF = 1.064 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.110 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.987 CHF 1 CHF = 1.014 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.401 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.489 CNY 1 CNY = 0.154 CHF

See what else happened on January 28, 2010