Financial news on September 28, 2010
Business and Financial news
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..
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..
AOL has held talks with TechCrunch about buying the Silicon Valley blog, the GigaOm blog and The Wall Street Journal. reported. Read more..
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..
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..
Remembering the Flash Crash in graphs; Ken Fisher’s an optimist; a prisoner’s dilemma for the ratings agencies Read more..
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..
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..
Despite a rush of mergers, shares on Wall Street finished lower on Monday, stopping the September rally for at least one day Read more..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.58||25.87||25.11||25.35||38.7M|
|Walt Disney & Co.||DIS||33.37||33.47||32.94||33.22||12.9M|
|Johnson & Johnson||JNJ||61.96||62.60||61.69||62.43||12.1M|
|Procter & Gamble||PG||61.01||61.13||60.35||60.62||11.4M|
|International Business Machines||IBM||134.67||135.14||133.71||134.89||7.48M|
Exchange Rates of September 28, 2010
|US Dollar||Japanese Yen||1 USD = 83.810 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.030 CAD||1 CAD = 0.971 USD|
|US Dollar||Swiss Franc||1 USD = 0.976 CHF||1 CHF = 1.025 USD|
|US Dollar||Chinese Yuan||1 USD = 6.691 CNY||1 CNY = 0.149 USD|
|Euro||Japanese Yen||1 EUR = 113.840 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.859 GBP||1 GBP = 1.164 EUR|
|Euro||Australian Dollar||1 EUR = 1.404 AUD||1 AUD = 0.712 EUR|
|Euro||Canadian Dollar||1 EUR = 1.400 CAD||1 CAD = 0.715 EUR|
|Euro||Swiss Franc||1 EUR = 1.326 CHF||1 CHF = 0.754 EUR|
|Euro||Chinese Yuan||1 EUR = 9.090 CNY||1 CNY = 0.110 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.755 GBP||1 GBP = 1.325 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.233 AUD||1 AUD = 0.811 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.229 CAD||1 CAD = 0.814 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.164 CHF||1 CHF = 0.859 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.633 AUD||1 AUD = 0.612 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.628 CAD||1 CAD = 0.614 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.542 CHF||1 CHF = 0.648 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.567 CNY||1 CNY = 0.095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.997 CAD||1 CAD = 1.003 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.944 CHF||1 CHF = 1.059 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.475 CNY||1 CNY = 0.154 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.947 CHF||1 CHF = 1.056 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.495 CNY||1 CNY = 0.154 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.854 CNY||1 CNY = 0.146 CHF|