Financial news on October 29, 2010

Business and Financial news
A Flood of Challenges in Building for a Changing Climate

Severe weather in Britain is forcing developers to take extra steps, like flood-proofing homes. Read more..

By ABIGAIL SALTMARSH - International Herald Tribune

A Novel Whose Plot Seems Oddly Familiar

An International Monetary Fund employee has written an intriguing book that seems to borrow from the financial crisis — but was written before it. Read more..

By SEWELL CHAN - The New York Times

Daimler Beats Expectations With Strong Profit

The German maker of Mercedes-Benz cars also said it was revising upward its 2010 forecasts. Read more..

By DAVID JOLLY - International Herald Tribune

Ex-Currency Traders in Boston Accused of Fraud

A federal indictment charges the co-founder of a now-defunct company that traded in foreign currency with defrauding investors out of more than $30 million. Read more..

By DEALBOOK - The New York Times

For Daimler, A Big Jump In Both Profit And Revenue

The company, which makes Mercedes-Benz cars, credited strong sales of cars in China and in the United States, as well as exchange rate gains. Read more..

By DAVID JOLLY - The New York Times

Hands Sees Possible Citigroup Damages Cut

Terra Firma chairman, Guy Hands, had one of the theories on which his legal team built its damages case against Citigroup ruled out by the judge, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

Macquarie Profit Slips, but Beats Forecasts

The Macquarie Group of Australia kept its full year outlook, defying fears of an earnings downgrade after one-offs helped first-half profit beat forecasts, Reuters reports. Read more..

By DEALBOOK - The New York Times

Nomura Profit Tumbles for Quarter

Nomura Holdings, the brokerage and investment bank based in Japan, said Friday that its quarterly profit had dropped 96 percent from the previous year as the company pursues a costly program of expansion in the United States. Read more..

By DEALBOOK - The New York Times

Romancing the ‘Stone

Blackstone has had a good run, and Reuters Breakingviews considers why. Read more..

By DEALBOOK - The New York Times

Solar Power Projects Face Potential Hurdles

Without two crucial government programs that reduce investor risk, solar power projects may begin to dry up. Read more..

By TODD WOODY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT27.1527.2026.4826.67114M
IntelINTC20.4520.5620.0120.0560.8M
Cisco SystemsCSCO23.1223.2222.8222.8644.6M
PfizerPFE17.5717.5717.2917.4240.2M
General ElectricGE16.0716.1315.9816.0238.2M
Oracle Corp.ORCL29.3629.7129.3029.3835.1M
ComcastCMCSA20.8320.8720.5620.6325.9M
Wells Fargo & Co.WFC25.8226.1325.6726.0624M
Abbott LaboratoriesABT51.7851.8650.9351.3221.3M
AT&T Inc.T28.4228.6328.3728.5221.2M
JPMorgan ChaseJPM37.4537.7437.3237.6319.8M
ExxonMobilXOM66.1066.5665.9966.4919.3M
HP Inc.HPQ42.4442.6841.8842.0418.2M
AppleAAPL304.23305.88300.87300.9815.4M
MerckMRK36.7336.7436.0236.3115.2M
Walt Disney & Co.DIS36.5136.5135.8336.1312.9M
SchlumbergerSLB69.4970.2369.0369.8912.6M
ChevronCVX82.8983.2381.9882.6012.5M
Verizon CommunicationsVZ32.3732.5632.2132.4812.1M
AltriaMO25.2825.4225.2425.4212M
Procter & GamblePG63.2363.8563.1963.5711.4M
ConocoPhillipsCOP59.3859.5358.8059.3911.1M
Home DepotHD31.0931.1830.8730.909.5M
Johnson & JohnsonJNJ63.6463.8463.3263.749.31M
International Business MachinesIBM140.90144.00140.75143.608.44M
Wal-Mart StoresWMT54.0454.5953.6154.178.03M
Bristol-Myers SquibbBMY26.9727.0226.7126.847.97M
Coca-ColaKO61.1561.5061.0361.327.12M
UnitedHealth GroupUNH36.4036.9335.8136.056.7M
Berkshire HathawayBRK.B80.0480.1878.7279.566.11M
3MMMM85.0185.2184.0784.226.09M
VisaV76.4078.4376.3478.165.72M
PepsicoPEP65.0765.3064.8665.305.55M
Gilead SciencesGILD39.6139.9039.5739.675.12M
AmazonAMZN165.80168.50164.81165.235M
AlphabetGOOGL617.07619.00612.99613.704.55M
McDonald'sMCD77.6079.9077.4077.774.34M
AmgenAMGN56.9557.4656.8057.193.38M
BoeingBA71.1571.4670.3670.643.19M
Union PacificUNP85.7588.0485.5487.682.65M
United TechnologiesUTX74.3274.8874.1074.772.65M
Exchange Rates of October 29, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80.310 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.019 CAD1 CAD = 0.981 USD
US DollarSwiss Franc1 USD = 0.982 CHF1 CHF = 1.018 USD
US DollarChinese Yuan1 USD = 6.672 CNY1 CNY = 0.150 USD
EuroJapanese Yen1 EUR = 112.100 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.870 GBP1 GBP = 1.150 EUR
EuroAustralian Dollar1 EUR = 1.416 AUD1 AUD = 0.706 EUR
EuroCanadian Dollar1 EUR = 1.422 CAD1 CAD = 0.703 EUR
EuroSwiss Franc1 EUR = 1.370 CHF1 CHF = 0.730 EUR
EuroChinese Yuan1 EUR = 9.302 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.775 GBP1 GBP = 1.290 JPY
Japanese YenAustralian Dollar1 JPY = 1.264 AUD1 AUD = 0.791 JPY
Japanese YenCanadian Dollar1 JPY = 1.267 CAD1 CAD = 0.789 JPY
Japanese YenSwiss Franc1 JPY = 1.222 CHF1 CHF = 0.819 JPY
Pound SterlingAustralian Dollar1 GBP = 1.630 AUD1 AUD = 0.613 GBP
Pound SterlingCanadian Dollar1 GBP = 1.635 CAD1 CAD = 0.612 GBP
Pound SterlingSwiss Franc1 GBP = 1.575 CHF1 CHF = 0.635 GBP
Pound SterlingChinese Yuan1 GBP = 10.688 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 1.003 CAD1 CAD = 0.998 AUD
Australian DollarSwiss Franc1 AUD = 0.964 CHF1 CHF = 1.037 AUD
Australian DollarChinese Yuan1 AUD = 6.564 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.962 CHF1 CHF = 1.040 CAD
Canadian DollarChinese Yuan1 CAD = 6.543 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.790 CNY1 CNY = 0.147 CHF

See what else happened on October 29, 2010