Financial news on January 28th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.4316.4516.0116.1679.1M
JPMorgan ChaseJPM39.6840.0438.7239.4865M
Cisco SystemsCSCO23.1823.2222.3522.5263.6M
Wells Fargo & Co.WFC28.2828.7727.7228.4562.1M
AT&T Inc.T25.7026.1525.2925.5452.1M
Oracle Corp.ORCL24.0824.1823.2923.4741.2M
Verizon CommunicationsVZ29.8330.2029.1329.3335.7M
Procter & GamblePG61.6763.3161.5861.6826.9M
HP Inc.HPQ49.4049.4347.5147.7926.6M
Home DepotHD27.9327.9527.1927.3419.4M
Bristol-Myers SquibbBMY24.6324.8224.1024.1018.7M
Walt Disney & Co.DIS29.4329.4828.7129.3517.1M
Johnson & JohnsonJNJ63.5764.0763.0463.8017.1M
Wal-Mart StoresWMT53.3853.4552.5152.6117M
UnitedHealth GroupUNH33.3334.0933.0433.4316.7M
Berkshire HathawayBRK.B71.9473.9971.7973.7514.1M
Gilead SciencesGILD47.2347.9546.9047.5114M
Abbott LaboratoriesABT54.1054.4553.6453.9513.9M
International Business MachinesIBM127.03127.04123.05123.759.62M
United TechnologiesUTX67.6967.8366.5567.375.58M
Union PacificUNP63.9164.1461.4461.545.52M
Exchange Rates of January 28th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.900 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.066 CAD1 CAD = 0.938 USD
US DollarSwiss Franc1 USD = 1.052 CHF1 CHF = 0.950 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 125.600 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.865 GBP1 GBP = 1.156 EUR
EuroAustralian Dollar1 EUR = 1.562 AUD1 AUD = 0.640 EUR
EuroCanadian Dollar1 EUR = 1.489 CAD1 CAD = 0.671 EUR
EuroSwiss Franc1 EUR = 1.470 CHF1 CHF = 0.680 EUR
EuroChinese Yuan1 EUR = 9.536 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.689 GBP1 GBP = 1.452 JPY
Japanese YenAustralian Dollar1 JPY = 1.243 AUD1 AUD = 0.805 JPY
Japanese YenCanadian Dollar1 JPY = 1.185 CAD1 CAD = 0.844 JPY
Japanese YenSwiss Franc1 JPY = 1.170 CHF1 CHF = 0.855 JPY
Pound SterlingAustralian Dollar1 GBP = 1.804 AUD1 AUD = 0.554 GBP
Pound SterlingCanadian Dollar1 GBP = 1.720 CAD1 CAD = 0.581 GBP
Pound SterlingSwiss Franc1 GBP = 1.697 CHF1 CHF = 0.589 GBP
Pound SterlingChinese Yuan1 GBP = 11.006 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.953 CAD1 CAD = 1.049 AUD
Australian DollarSwiss Franc1 AUD = 0.940 CHF1 CHF = 1.064 AUD
Australian DollarChinese Yuan1 AUD = 6.110 CNY1 CNY = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 0.987 CHF1 CHF = 1.014 CAD
Canadian DollarChinese Yuan1 CAD = 6.401 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.489 CNY1 CNY = 0.154 CHF

See what else happened on January 28th, 2010