Financial news on January 29, 2010

Business and Financial news
47 Across: It Merged With Tanganyika in 1964

Grab a drink, get a window seat and start mulling. Read more..

By PATRICK MERRELL - The New York Times

After a Bad Year, an Airline Picks Up Speed

Since the beginning of the fourth quarter last year, the Asian bellwether Cathay Pacific has seen premium passenger travel and cargo demand start to recover. Read more..

By BETTINA WASSENER - International Herald Tribune

Davos Diary on CNBC: Washington on Everyone’s Minds

Andrew Ross Sorkin spoke from Davos on Friday with CNBC’s Becky Quick and Time International’s Michael Elliott about Washington’s attempts at financial regulatory reform. Read more..

By DEALBOOK - The New York Times

Davos in the Media: Bank Reform and Resistance

There were three hot topics buzzing around the World Economic Forum in Davos, Switzerland, on Thursday: banking reform, banking reform and more banking reform. Read more..

By DEALBOOK - The New York Times

Global Leaders Struggle With Bank Regulation

The lack of a strong U.S. government presence at Davos may harm chances for a global consensus on regulations. Read more..

By JACK EWING - International Herald Tribune

Live From Davos, Day 3: The Bankers Meet

A roundup of Day 3 happenings at the World Economic Forum in Davos, Switzerland. Read more..

By DEALBOOK - The New York Times

S.E.C. Settles Stockman Lawsuit

The former Reagan administration budget director was accused of misleading investors as an executive of an auto parts company. Read more..

By BLOOMBERG NEWS - The New York Times

Senate, Weakly, Backs New Term for Bernanke

The Senate vote, 70-30, was a victory for President Obama, but signaled how much the Fed has become the object of outrage over high unemployment and bailouts. Read more..

By SEWELL CHAN - The New York Times

Using Humor in a Campaign Supporting Disabled People

A national effort to encourage businesses to employ workers with disabilities is taking a lighthearted tack rather than a sober or earnest tone. Read more..

By STUART ELLIOTT - The New York Times

Worried Bankers Reach Out From the Sidelines

Chief executives of the world’s biggest banks, including Bank of America and Deutsche Bank, met with policymakers in Davos on Thursday afternoon, concerned that their interests and opinions about financial regulation are going unheard. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC28,4429,1728,3828,4388.8M
General ElectricGE16,2216,5016,0716,0881.2M
Cisco SystemsCSCO22,9523,1322,4422,4773.4M
JPMorgan ChaseJPM39,6539,8538,8038,9453.6M
Oracle Corp.ORCL23,6523,8322,9823,0650M
AT&T Inc.T25,6125,7525,3525,3638.9M
Verizon CommunicationsVZ29,4529,7629,2129,4227.1M
Wal-Mart StoresWMT53,6854,1553,4053,4324.3M
HP Inc.HPQ48,3748,4546,8047,0723.5M
Home DepotHD27,5728,0927,3828,0122.5M
Bristol-Myers SquibbBMY24,1424,6223,9624,3620.5M
Abbott LaboratoriesABT54,0854,0852,8952,9419.8M
Johnson & JohnsonJNJ63,9564,2762,8262,8617.8M
Berkshire HathawayBRK.B74,5577,7974,4276,4317.3M
Procter & GamblePG61,9162,2461,4761,5517.1M
Walt Disney & Co.DIS29,3729,8229,2529,5514.5M
Gilead SciencesGILD47,5948,5047,5048,2712.6M
UnitedHealth GroupUNH33,4233,8032,9633,0011.9M
International Business MachinesIBM124,32125,00121,90122,3911.6M
United TechnologiesUTX67,3968,4966,6467,487.23M
Union PacificUNP62,0162,6060,4160,504.92M
Exchange Rates of January 29, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,270 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,070 CAD1 CAD = 0,935 USD
US DollarSwiss Franc1 USD = 1,060 CHF1 CHF = 0,943 USD
US DollarChinese Yuan1 USD = 6,828 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 125,150 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,867 GBP1 GBP = 1,153 EUR
EuroAustralian Dollar1 EUR = 1,567 AUD1 AUD = 0,638 EUR
EuroCanadian Dollar1 EUR = 1,483 CAD1 CAD = 0,674 EUR
EuroSwiss Franc1 EUR = 1,470 CHF1 CHF = 0,680 EUR
EuroChinese Yuan1 EUR = 9,465 CNY1 CNY = 0,106 EUR
Japanese YenPound Sterling1 JPY = 0,693 GBP1 GBP = 1,444 JPY
Japanese YenAustralian Dollar1 JPY = 1,252 AUD1 AUD = 0,798 JPY
Japanese YenCanadian Dollar1 JPY = 1,185 CAD1 CAD = 0,844 JPY
Japanese YenSwiss Franc1 JPY = 1,174 CHF1 CHF = 0,851 JPY
Pound SterlingAustralian Dollar1 GBP = 1,807 AUD1 AUD = 0,553 GBP
Pound SterlingCanadian Dollar1 GBP = 1,710 CAD1 CAD = 0,585 GBP
Pound SterlingSwiss Franc1 GBP = 1,694 CHF1 CHF = 0,590 GBP
Pound SterlingChinese Yuan1 GBP = 10,910 CNY1 CNY = 0,092 GBP
Australian DollarCanadian Dollar1 AUD = 0,946 CAD1 CAD = 1,058 AUD
Australian DollarSwiss Franc1 AUD = 0,937 CHF1 CHF = 1,067 AUD
Australian DollarChinese Yuan1 AUD = 6,035 CNY1 CNY = 0,166 AUD
Canadian DollarSwiss Franc1 CAD = 0,991 CHF1 CHF = 1,009 CAD
Canadian DollarChinese Yuan1 CAD = 6,380 CNY1 CNY = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 6,436 CNY1 CNY = 0,155 CHF

See what else happened on January 29, 2010