Financial news on December 29, 2009

Business and Financial news
Broadcasters Battling for Cable Fees

Fox is pushing Time Warner Cable to pay about $1 for each subscriber, as broadcasters seek new revenue streams to offset advertising declines. Read more..

By BRIAN STELTER - The New York Times

Cellphone Encryption Code Is Divulged

An encryption expert, Karsten Nohl, said that by breaking and publicizing the code, he showed that existing security is inadequate. Read more..

By KEVIN J. O'BRIEN - The New York Times

Ex-Employee Says Seagate Violated Law

In a court filing, a former employee, Paul A. Galloway, said that Seagate had appropriated hard-drive technology from Convolve for its own products. Read more..

By ASHLEE VANCE and DIANA B. HENRIQUES - The New York Times

For Security Ideas, Ask Business Travelers

Frequent travelers say it’s a mistake to complicate security so much that normal travel is further discouraged. Read more..

By JOE SHARKEY - The New York Times

Hints the Worst May Be Over for Office Space in New Jersey

More lease agreements are being signed, but they are largely driven by bargains. Read more..

By ANTOINETTE MARTIN - The New York Times

In Southeast Asia, Unease Over Free Trade Zone

Some manufacturers in Southeast Asia are concerned that cheap Chinese goods may flood their markets as a new free trade area opens this week. Read more..

By LIZ GOOCH - International Herald Tribune

Real Estate Could Be a Red Flag for Smaller Banks

Community banks have weathered the economic crisis relatively well, but defaults and penny-pinching consumers could mean a tougher 2010 for the institutions. Read more..

By ROB COX and JASON BUSH - The New York Times

TMZ Admits It Was Duped by a Photo

The celebrity news site published an image that it said showed John F. Kennedy on a boat with naked women. Read more..

By BRIAN STELTER - The New York Times

To Inhibit Inflation, Fed Offers to Set Up Interest-Bearing Deposits

The move would help the Federal Reserve mop up money pumped into the economy to prevent inflation from taking off later. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Wall Street Extends Its Winning Streak to 6 Days

Markets kept their winning streak alive for at least one more day on Monday, regaining some momentum in the final minutes of the day to end higher. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 15.36 15.53 15.30 15.44 48.4M
Microsoft MSFT 31.35 31.50 31.23 31.39 29.7M
Intel INTC 20.41 20.48 20.23 20.40 29.3M
Bristol-Myers Squibb BMY 25.95 25.95 25.95 25.95 24.7M
Cisco Systems CSCO 24.03 24.17 24.00 24.10 21.9M
ExxonMobil XOM 69.28 69.40 68.80 68.84 20M
Pfizer PFE 18.61 18.71 18.54 18.56 19.7M
Wells Fargo & Co. WFC 26.72 26.88 26.55 26.68 18.6M
Oracle Corp. ORCL 25.01 25.11 24.91 25.01 16.2M
Apple AAPL 212.63 212.72 208.73 209.10 15.9M
AT&T Inc. T 28.40 28.46 28.24 28.34 15.9M
JPMorgan Chase JPM 41.73 41.80 41.46 41.49 15.6M
Abbott Laboratories ABT 54.63 54.93 54.22 54.26 9.28M
UnitedHealth Group UNH 31.09 31.46 30.72 30.85 9.2M
Comcast CMCSA 17.00 17.20 17.00 17.08 8.67M
Amazon AMZN 141.29 142.58 138.55 139.41 8.4M
Verizon Communications VZ 33.49 33.61 33.40 33.43 8.31M
Altria MO 20.02 20.03 19.85 19.85 7.75M
Merck MRK 37.13 37.50 37.07 37.10 7.51M
Procter & Gamble PG 61.16 61.88 61.15 61.58 7.28M
Wal-Mart Stores WMT 53.97 54.20 53.90 54.11 7.26M
Home Depot HD 29.16 29.31 28.79 29.27 6.99M
HP Inc. HPQ 52.62 52.83 52.53 52.57 6.97M
Johnson & Johnson JNJ 65.09 65.40 64.92 64.94 6.66M
Walt Disney & Co. DIS 32.05 32.48 32.01 32.38 6.24M
ConocoPhillips COP 51.25 51.38 50.73 50.80 6.15M
Chevron CVX 77.81 77.94 77.19 77.21 4.81M
Coca-Cola KO 57.45 57.97 57.45 57.74 4.78M
Visa V 86.65 88.28 86.65 88.02 4.69M
Gilead Sciences GILD 43.34 43.65 43.16 43.47 4.34M
International Business Machines IBM 132.28 132.37 131.80 131.85 4.18M
3M MMM 83.78 84.32 83.65 84.13 3.87M
Pepsico PEP 61.29 61.59 61.10 61.10 3.79M
Schlumberger SLB 66.00 66.28 64.78 65.20 3.38M
Amgen AMGN 57.77 57.92 57.17 57.52 3.09M
Alphabet GOOGL 624.74 624.84 618.29 619.40 2.85M
McDonald's MCD 63.68 63.92 63.56 63.59 2.63M
United Technologies UTX 70.59 70.89 70.30 70.30 2.27M
Boeing BA 55.34 55.46 55.14 55.21 2.16M
Union Pacific UNP 65.62 66.01 65.36 65.36 1.25M
Berkshire Hathaway BRK.B 3285.00 3289.50 3270.00 3280.00 22.1K
Exchange Rates of December 29, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91.990 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.043 CAD 1 CAD = 0.959 USD
US Dollar Swiss Franc 1 USD = 1.037 CHF 1 CHF = 0.965 USD
US Dollar Chinese Yuan 1 USD = 6.830 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 132.040 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.903 GBP 1 GBP = 1.108 EUR
Euro Australian Dollar 1 EUR = 1.604 AUD 1 AUD = 0.624 EUR
Euro Canadian Dollar 1 EUR = 1.497 CAD 1 CAD = 0.668 EUR
Euro Swiss Franc 1 EUR = 1.488 CHF 1 CHF = 0.672 EUR
Euro Chinese Yuan 1 EUR = 9.800 CNY 1 CNY = 0.102 EUR
Japanese Yen Pound Sterling 1 JPY = 0.683 GBP 1 GBP = 1.463 JPY
Japanese Yen Australian Dollar 1 JPY = 1.214 AUD 1 AUD = 0.824 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.134 CAD 1 CAD = 0.882 JPY
Japanese Yen Swiss Franc 1 JPY = 1.127 CHF 1 CHF = 0.888 JPY
Pound Sterling Australian Dollar 1 GBP = 1.776 AUD 1 AUD = 0.563 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.658 CAD 1 CAD = 0.603 GBP
Pound Sterling Swiss Franc 1 GBP = 1.647 CHF 1 CHF = 0.607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.843 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.933 CAD 1 CAD = 1.072 AUD
Australian Dollar Swiss Franc 1 AUD = 0.927 CHF 1 CHF = 1.078 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.107 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.993 CHF 1 CHF = 1.007 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.543 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.585 CNY 1 CNY = 0.152 CHF

See what else happened on December 29, 2009