Financial news on October 28, 2010

Business and Financial news
Airline Unions Seek a Share of the Industry Gains

Labor talks with the newly merged United and Continental Airlines could serve as a bellwether for the industry. Read more..

By JAD MOUAWAD - The New York Times

Bnter Offers a Way to Share Text Conversations

The co-founder of Texts From Last Night, a site that publishes anonymous text submissions from users capturing the hilarious and often unspeakable moments from the prior evening, is now launching Bnter, which offers a way, she says, to “add context to those texts.” Read more..

By DEALBOOK - The New York Times

Boston Scientific Sells Unit to Stryker for $1.5 Billion

Boston Scientific on Thursday agreed to sell its neurovascular business to Stryker for $1.5 billion in cash, as the medical devices maker seeks to focus on core operations. Read more..

By DEALBOOK - The New York Times

Dubai Faces Environmental Problems After Growth

The emirate offers a cautionary tale in the pitfalls of constructing metropolises in the parched desert. Read more..

By LIZ ALDERMAN - The New York Times

Icahn Buys More MGM Debt Ahead of Spyglass Vote

Carl C. Icahn on Wednesday said he was buying more debt in Metro-Goldwyn-Mayer to add to his stake as he seeks to block a pending deal between the studio and Spyglass Entertainment, Reuters reported. Read more..

By DEALBOOK - The New York Times

I.C.B.C. Buys 60% of AXA’s Chinese Joint Venture

The Industrial & Commercial Bank of China, the world’s largest lender by market value, agreed to buy a 60 percent stake in AXA’s China insurance venture in its latest foray outside banking, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

In Spain, Homes Are Taken, but Debt Stays

Laws in Spain are saddling some homeowners with mountains of inescapable debt as the economy falters. Read more..

By DEALBOOK - The New York Times

Lions Gate Sues Icahn Over MGM Deal

Lions Gate Entertainment sued Carl C. Icahn over his past opposition to a deal with MGM, contending that the billionaire investor was “secretly plotting” to merge the studios. Read more..

By DEALBOOK - The New York Times

Morning Take-Out

Why analysts are always sanguine; America’s most foreclosed cities; a journal of the foreclosure crisis. Read more..

By DEALBOOK - The New York Times

Oracle Takes 10.2% Stake in Mellanox

Oracle announced it has bought a 10.2 percent stake in Mellanox on the open market, but said it has no plans to make an unsolicited offer to take over the Israeli firm, Reuters reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26.21 26.38 25.92 26.28 80.7M
Intel INTC 20.29 20.53 20.02 20.47 71.1M
General Electric GE 16.22 16.30 16.03 16.08 44.3M
Oracle Corp. ORCL 28.82 29.48 28.50 29.36 35.1M
Pfizer PFE 17.41 17.60 17.36 17.57 34M
Comcast CMCSA 20.40 20.95 20.40 20.86 34M
Cisco Systems CSCO 23.43 23.49 23.07 23.19 33.7M
JPMorgan Chase JPM 37.70 37.96 37.33 37.51 30.6M
Wells Fargo & Co. WFC 25.84 25.96 25.61 25.94 24M
AT&T Inc. T 28.54 28.64 28.41 28.50 21.8M
ExxonMobil XOM 66.43 66.70 66.05 66.22 20.5M
Apple AAPL 307.95 308.00 300.90 305.24 19.7M
3M MMM 87.82 88.00 83.80 85.07 16.2M
Verizon Communications VZ 32.70 32.75 32.21 32.41 15.4M
HP Inc. HPQ 42.57 42.80 42.16 42.66 15.2M
Walt Disney & Co. DIS 35.95 36.52 35.94 36.51 14.2M
Schlumberger SLB 69.59 69.98 68.54 69.78 14.2M
Abbott Laboratories ABT 51.84 52.13 51.36 51.75 13.6M
ConocoPhillips COP 60.38 60.45 59.22 59.58 13.4M
Visa V 79.34 79.50 75.32 76.45 11.1M
Johnson & Johnson JNJ 63.94 64.11 63.51 63.56 10.1M
Merck MRK 36.67 37.06 36.66 36.94 9.87M
Altria MO 25.36 25.40 25.18 25.34 9.28M
Procter & Gamble PG 63.13 63.56 63.07 63.19 9.23M
Chevron CVX 85.27 85.65 84.10 84.44 8.52M
Bristol-Myers Squibb BMY 26.97 27.03 26.73 26.99 8.28M
Coca-Cola KO 61.28 61.56 60.88 61.21 8.27M
Wal-Mart Stores WMT 54.19 54.23 53.59 54.08 8.18M
Home Depot HD 31.18 31.28 30.88 31.19 7.93M
Gilead Sciences GILD 39.57 39.98 39.50 39.86 6.67M
Pepsico PEP 64.37 65.12 64.35 65.01 6.44M
UnitedHealth Group UNH 36.28 36.40 35.95 36.25 6.28M
International Business Machines IBM 141.84 141.95 140.42 140.90 5.48M
McDonald's MCD 77.72 77.77 77.12 77.48 5.35M
Amazon AMZN 168.31 168.49 165.05 166.84 4.68M
Berkshire Hathaway BRK.B 81.08 81.10 80.07 80.10 4.38M
Alphabet GOOGL 620.05 621.00 613.30 618.58 4.36M
Amgen AMGN 57.36 57.63 56.91 57.27 4.18M
Boeing BA 71.30 71.79 70.35 71.27 4.12M
United Technologies UTX 75.01 75.38 73.98 74.70 3.14M
Union Pacific UNP 86.11 86.70 84.93 86.05 2.48M
Exchange Rates of October 28, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.000 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.021 CAD 1 CAD = 0.980 USD
US Dollar Swiss Franc 1 USD = 0.983 CHF 1 CHF = 1.017 USD
US Dollar Chinese Yuan 1 USD = 6.688 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 112.850 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.874 GBP 1 GBP = 1.144 EUR
Euro Australian Dollar 1 EUR = 1.424 AUD 1 AUD = 0.702 EUR
Euro Canadian Dollar 1 EUR = 1.422 CAD 1 CAD = 0.703 EUR
Euro Swiss Franc 1 EUR = 1.369 CHF 1 CHF = 0.730 EUR
Euro Chinese Yuan 1 EUR = 9.315 CNY 1 CNY = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.774 GBP 1 GBP = 1.292 JPY
Japanese Yen Australian Dollar 1 JPY = 1.261 AUD 1 AUD = 0.793 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.259 CAD 1 CAD = 0.794 JPY
Japanese Yen Swiss Franc 1 JPY = 1.213 CHF 1 CHF = 0.824 JPY
Pound Sterling Australian Dollar 1 GBP = 1.629 AUD 1 AUD = 0.614 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.626 CAD 1 CAD = 0.615 GBP
Pound Sterling Swiss Franc 1 GBP = 1.567 CHF 1 CHF = 0.638 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.647 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.998 CAD 1 CAD = 1.002 AUD
Australian Dollar Swiss Franc 1 AUD = 0.962 CHF 1 CHF = 1.040 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.538 CNY 1 CNY = 0.153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.963 CHF 1 CHF = 1.038 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.552 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.797 CNY 1 CNY = 0.147 CHF

See what else happened on October 28, 2010