Financial news on September 28th, 2010

Business and Financial news
A $47 Billion Bailout for Anglo-Irish?

Standard & Poor’s estimate that Ireland will have to pour 35 billion euros into Anglo Irish Bank looks increasingly realistic and any amount beyond that could trigger rating downgrades, an S&P analyst was quoted on Tuesday as saying, Reuters reported. Read more..

By DEALBOOK - The New York Times

A Cliff-Hanger End for Barnes & Noble Fight?

As proxy fights go, the one between Barnes & Noble and Ron Burkle, the billionaire investor, has been a page turner, and it could come with a cliff-hanger ending Tuesday. Read more..

By DEALBOOK - The New York Times

AOL in Talks to Buy TechCrunch, Reports Say

AOL has held talks with TechCrunch about buying the Silicon Valley blog, the GigaOm blog and The Wall Street Journal. reported. Read more..

By DEALBOOK - The New York Times

Arrington Avoids Allegations of Collusion

Silicon Valley’s latest intrigue — involving angel investors, secret meetings and accusations of collusion and greediness — sputtered when it finally reached a public stage Monday. Read more..

By DEALBOOK - The New York Times

Corporate Loans in Europe Fell Less Steeply in August

Borrowing by European companies showed signs of stabilizing in August, according to data released Monday by the European Central Bank, although analysts said that a turning point was “still more wish than reality.” Read more..

By DEALBOOK - The New York Times

Morning Take-Out

Remembering the Flash Crash in graphs; Ken Fisher’s an optimist; a prisoner’s dilemma for the ratings agencies Read more..

By DEALBOOK - The New York Times

Saab Talks With BMW About Forming Alliance

Saab Automobile, the Swedish brand that was rescued from near death early this year by a Dutch manufacturer of high-end sports cars, may soon be getting some German help as well. Read more..

By DEALBOOK - The New York Times

Stanley Chais, Who Funneled Money to Madoff, Dies

Stanley Chais, a Beverly Hills money manager for Hollywood’s elite who was accused of recklessly plowing nearly $1 billion in client funds to Bernard Madoff, has died. He was 84. Read more..

By DEALBOOK - The New York Times

Wall Street Ends Lower Amid a Rush of Deals

Despite a rush of mergers, shares on Wall Street finished lower on Monday, stopping the September rally for at least one day Read more..

By DEALBOOK - The New York Times

With Tablet, R.I.M. Returns to Corporate User Base

Research In Motion, the Canadian maker of the BlackBerry smartphone, introduced its first tablet computer on Monday at a developers’ conference in San Francisco. But in a return to its roots, the company said that the new device, the BlackBerry PlayBook, would be aimed mainly at business users. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO22.0022.1121.4521.8664.7M
General ElectricGE16.4316.5216.1416.4453.9M
Oracle Corp.ORCL27.0627.4026.7927.1943.3M
Wells Fargo & Co.WFC25.5825.8725.1125.3538.7M
JPMorgan ChaseJPM39.3639.4038.6138.9531.4M
AT&T Inc.T28.9729.0328.6728.9227.4M
HP Inc.HPQ41.3841.8441.0041.6226.5M
Verizon CommunicationsVZ33.0333.0932.6932.7219.4M
Walt Disney & Co.DIS33.3733.4732.9433.2212.9M
Home DepotHD31.6432.0531.3631.8112.5M
Johnson & JohnsonJNJ61.9662.6061.6962.4312.1M
Procter & GamblePG61.0161.1360.3560.6211.4M
Wal-Mart StoresWMT53.5353.9953.0553.8211.1M
Gilead SciencesGILD35.8536.5535.7136.1410M
Bristol-Myers SquibbBMY27.6827.9927.6027.939.89M
Abbott LaboratoriesABT52.2152.4851.9252.389.58M
UnitedHealth GroupUNH35.4535.6134.9135.048.41M
International Business MachinesIBM134.67135.14133.71134.897.48M
Berkshire HathawayBRK.B82.8583.3982.1183.074.62M
United TechnologiesUTX71.1571.8070.0471.603.49M
Union PacificUNP81.7482.4680.7182.302.78M
Exchange Rates of September 28th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83.810 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.030 CAD1 CAD = 0.971 USD
US DollarSwiss Franc1 USD = 0.976 CHF1 CHF = 1.025 USD
US DollarChinese Yuan1 USD = 6.691 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 113.840 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.859 GBP1 GBP = 1.164 EUR
EuroAustralian Dollar1 EUR = 1.404 AUD1 AUD = 0.712 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.715 EUR
EuroSwiss Franc1 EUR = 1.326 CHF1 CHF = 0.754 EUR
EuroChinese Yuan1 EUR = 9.090 CNY1 CNY = 0.110 EUR
Japanese YenPound Sterling1 JPY = 0.755 GBP1 GBP = 1.325 JPY
Japanese YenAustralian Dollar1 JPY = 1.233 AUD1 AUD = 0.811 JPY
Japanese YenCanadian Dollar1 JPY = 1.229 CAD1 CAD = 0.814 JPY
Japanese YenSwiss Franc1 JPY = 1.164 CHF1 CHF = 0.859 JPY
Pound SterlingAustralian Dollar1 GBP = 1.633 AUD1 AUD = 0.612 GBP
Pound SterlingCanadian Dollar1 GBP = 1.628 CAD1 CAD = 0.614 GBP
Pound SterlingSwiss Franc1 GBP = 1.542 CHF1 CHF = 0.648 GBP
Pound SterlingChinese Yuan1 GBP = 10.567 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.997 CAD1 CAD = 1.003 AUD
Australian DollarSwiss Franc1 AUD = 0.944 CHF1 CHF = 1.059 AUD
Australian DollarChinese Yuan1 AUD = 6.475 CNY1 CNY = 0.154 AUD
Canadian DollarSwiss Franc1 CAD = 0.947 CHF1 CHF = 1.056 CAD
Canadian DollarChinese Yuan1 CAD = 6.495 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 6.854 CNY1 CNY = 0.146 CHF

See what else happened on September 28th, 2010