Financial news on January 28th, 2011

Business and Financial news
A Conundrum for Hot Asian Economies

Asian economic policy makers are entering 2011 facing major policy challenges, with rising prices for food and oil producing a resurgence of inflationary pressures, especially in China. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Amazon Sales Rise but Miss Forecast

Net income was $416 million, or 91 cents a share — up from $384 million, or 85 cents a share, a year earlier. Read more..

By REUTERS - The New York Times

At Hearing, New Details on Military Disc Switch

The accidental release of data about a bid from Boeing led to a Senate committee hearing. Read more..

By CHRISTOPHER DREW - The New York Times

Borders Shares Surge After Loan Commitment

The suggestion of a possible Chapter 11 filing adds to the pressure on book publishers. Read more..

By DEALBOOK - The New York Times

Debut of Game Device and Strength in Business Sales Lift Microsoft

Microsoft’s second-quarter results, which topped expectations, were robust, with help from the $150 add-on for its Xbox consoles, the Kinect. Read more..

By STEVE LOHR - The New York Times

If Munis Are Perilous, What About Treasuries?

The states’ financial problems have many investors shying away from municipal bonds. The federal situation may be even more troublesome. Read more..

By RICHARD BEALES and IAN CAMPBELL - The New York Times

S.&P. Downgrades Japan as Debt Concerns Spread

The credit rating agency Standard & Poor’s said the Japanese government’s already high debt burden was likely to continue to rise. Read more..

By HIROKO TABUCHI and BETTINA WASSENER - The New York Times

Strongest Economic Year Since '05

The U.S. economy gathered steam in the fourth quarter, buoyed by the strongest consumer spending since 2006 and a surge in exports. Read more..

Reuters - Reuters

U.S. Approves Genetically Modified Alfalfa

The agriculture secretary pulled back from a proposal that would have restricted the growing of genetically engineered alfalfa to protect organic farmers. Read more..

By ANDREW POLLACK - The New York Times

U.S. Company, in Reversal, Wants to Export Natural Gas

Charif Souki, chief of Cheniere Energy, envisions a network of terminals exporting cheap American natural gas to Europe and Asia. Read more..

By CLIFFORD KRAUSS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT28,9028,9327,4527,75141M
General ElectricGE20,3920,7420,1220,20102M
IntelINTC21,7621,8921,3521,4655.2M
PfizerPFE18,5318,5618,1418,1546.8M
Cisco SystemsCSCO21,4921,5720,8620,9346.5M
AT&T Inc.T28,0028,0227,4127,4941M
JPMorgan ChaseJPM45,0545,8844,4044,5438.6M
General MotorsGM38,0038,0236,0136,6037.1M
Abbott LaboratoriesABT46,3646,5045,3445,4936.4M
Oracle Corp.ORCL33,2033,3031,8332,0030.8M
Wells Fargo & Co.WFC32,5932,8031,7931,8430.3M
ExxonMobilXOM79,7879,8978,8778,9926.3M
ConocoPhillipsCOP69,7271,6169,6670,5623.7M
AppleAAPL344,17344,40333,53336,1021.1M
Verizon CommunicationsVZ36,3836,3935,5835,6320.7M
HP Inc.HPQ46,6646,6945,3645,5120.6M
AmazonAMZN171,45173,71166,90171,1419.9M
ComcastCMCSA23,3123,6022,6822,8418.6M
MerckMRK33,4933,5333,0033,0716.2M
Johnson & JohnsonJNJ60,9161,0060,0060,0115.3M
Procter & GamblePG63,9064,3463,8464,2014.9M
Wal-Mart StoresWMT57,6957,9056,5056,7014.6M
Home DepotHD37,8937,9636,6336,7012.6M
AltriaMO23,9324,0723,7923,7912.5M
ChevronCVX94,4994,8592,9393,3712.4M
Coca-ColaKO62,8563,2862,1462,2111.9M
PepsicoPEP65,4565,8464,1264,4010.5M
Bristol-Myers SquibbBMY26,3826,4425,7925,7910.5M
Gilead SciencesGILD38,7239,2938,1538,219.59M
McDonald'sMCD74,3774,7373,0573,289.08M
SchlumbergerSLB87,4087,4985,7186,678.79M
AlphabetGOOGL619,07620,36599,76600,998.45M
Walt Disney & Co.DIS39,3639,7938,6538,858.4M
UnitedHealth GroupUNH42,3142,4440,8640,937.77M
AmgenAMGN56,6156,6155,1155,296.93M
International Business MachinesIBM161,05161,92158,67159,216.73M
VisaV70,8070,9369,4269,466.26M
BoeingBA70,8070,9569,0069,235.38M
Berkshire HathawayBRK.B83,2383,3581,4781,565.26M
3MMMM89,4389,6987,2587,444.93M
United TechnologiesUTX82,8783,0880,7181,434.56M
Union PacificUNP95,4695,5993,3493,543.91M
Exchange Rates of January 28th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82,120 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,001 CAD1 CAD = 0,999 USD
US DollarSwiss Franc1 USD = 0,942 CHF1 CHF = 1,062 USD
US DollarChinese Yuan1 USD = 6,580 CNY1 CNY = 0,152 USD
EuroJapanese Yen1 EUR = 111,760 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,858 GBP1 GBP = 1,165 EUR
EuroAustralian Dollar1 EUR = 1,369 AUD1 AUD = 0,731 EUR
EuroCanadian Dollar1 EUR = 1,362 CAD1 CAD = 0,734 EUR
EuroSwiss Franc1 EUR = 1,282 CHF1 CHF = 0,780 EUR
EuroChinese Yuan1 EUR = 8,964 CNY1 CNY = 0,112 EUR
Japanese YenPound Sterling1 JPY = 0,768 GBP1 GBP = 1,302 JPY
Japanese YenAustralian Dollar1 JPY = 1,224 AUD1 AUD = 0,817 JPY
Japanese YenCanadian Dollar1 JPY = 1,219 CAD1 CAD = 0,820 JPY
Japanese YenSwiss Franc1 JPY = 1,147 CHF1 CHF = 0,872 JPY
Pound SterlingAustralian Dollar1 GBP = 1,595 AUD1 AUD = 0,627 GBP
Pound SterlingCanadian Dollar1 GBP = 1,588 CAD1 CAD = 0,630 GBP
Pound SterlingSwiss Franc1 GBP = 1,494 CHF1 CHF = 0,670 GBP
Pound SterlingChinese Yuan1 GBP = 10,443 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,995 CAD1 CAD = 1,005 AUD
Australian DollarSwiss Franc1 AUD = 0,936 CHF1 CHF = 1,068 AUD
Australian DollarChinese Yuan1 AUD = 6,541 CNY1 CNY = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,940 CHF1 CHF = 1,063 CAD
Canadian DollarChinese Yuan1 CAD = 6,581 CNY1 CNY = 0,152 CAD
Swiss FrancChinese Yuan1 CHF = 6,990 CNY1 CNY = 0,143 CHF

See what else happened on January 28th, 2011