Financial news on September 30th, 2010

Business and Financial news
European Banks Are Profitable but Fragile, E.C.B. Says

European banks have increased their profits and capital reserves, but many are still fragile and having trouble raising the money they need to do business, the European Central Bank said Wednesday. Read more..

By JACK EWING - International Herald Tribune

GNC Plans $350 Million I.P.O.

GNC, the privately-backed retail vitamin company, is planning to raise $350 million in an initial public offering. Read more..

By DEALBOOK - The New York Times

Harbinger Head, Falcone, Criticizes News Media

Hedge fund manager Philip Falcone is not happy with the news media — especially some of the recent coverage of his $9 billion Harbinger Capital Partners, Reuters reports. Read more..

By DEALBOOK - The New York Times

Healthful Reminders for Medications, Beyond an Apple a Day

Appropriately enough, using the apps that remind you to take medications feels like ingesting medicine — an unpleasant chore, but good for you. Read more..

By BOB TEDESCHI - The New York Times

In Austere Era, Goldman Workers Adopt Lower Profile

The firm’s damaged public image and executive caution have put its junior analysts on alert, reluctant to talk about their jobs to outsiders for fear of judgment. Read more..

By KEVIN ROOSE - The New York Times

Magazine Media Minute

Magazine Media Minute, an initiative to promote the value of magazines from the Association of Magazine Media. The videos will appear in a channel on YouTube. Read more..

None None - The New York Times

Onex and Pension Close Year’s Biggest Buyout

Onex, the Canadian private equity firm, and Canada Pension Plan are expected to announce Thursday the closing of their acquisition of Tomkins, a U.K.-based manufacturer everything from auto transmissions to bathtubs. Read more..

By PETER LATTMAN - The New York Times

Private Equity Thrives Again, but Dark Shadows Loom

Buyout deals are picking up steam, but the large public pension funds that provide private equity with more than half its capital are wary of some complex deals. Read more..

By JULIE CRESWELL and PETER LATTMAN - The New York Times

Warren Seeks to Reassure Bankers on Protection Agency

Elizabeth Warren, who is overseeing the creation of a federal agency charged with protecting consumers from abusive financial products, told Wall Street executives on Wednesday evening that her relationship with them need not be antagonistic, or even adversarial. Read more..

By DEALBOOK - The New York Times

When Private Equity Meets Packer Fandom

Aaron Nagler, who works in the Blackstone Group’s public affairs office, runs CheeseheadTV.com, the most popular fan-run Web site about the Green Bay Packers. Read more..

By PETER LATTMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC19,3419,6019,1119,2075.4M
MicrosoftMSFT24,6124,8324,3624,4961.3M
Cisco SystemsCSCO22,0522,2821,6721,9056.8M
JPMorgan ChaseJPM38,4938,9537,9638,0654.9M
Oracle Corp.ORCL27,2827,4126,8126,8542.9M
PfizerPFE17,4817,5017,1617,1739.7M
Wells Fargo & Co.WFC25,2425,6325,0225,1237.4M
AT&T Inc.T28,7829,0628,5728,6028.3M
HP Inc.HPQ42,9643,1541,7242,0728.2M
ComcastCMCSA18,2118,2117,8118,0828M
ExxonMobilXOM61,9562,4461,4761,7925.5M
AppleAAPL289,00290,00281,25283,7524M
General ElectricGE16,4616,6816,1516,2515.8M
Verizon CommunicationsVZ32,7533,0932,5232,5915.7M
Walt Disney & Co.DIS33,1933,5032,8333,1014.5M
MerckMRK37,2137,5836,6436,8113.7M
Abbott LaboratoriesABT52,4352,8652,1052,2413.4M
AltriaMO24,1024,3923,8824,0213.2M
Procter & GamblePG60,3260,6559,8459,9713.1M
Johnson & JohnsonJNJ62,4962,7061,5561,9612.8M
ConocoPhillipsCOP57,8957,9956,8857,4312.8M
Home DepotHD31,8832,2331,6231,6811.4M
Bristol-Myers SquibbBMY27,4427,5327,0327,1111.2M
Wal-Mart StoresWMT53,5353,9953,1453,5210.9M
SchlumbergerSLB62,2162,9661,2961,6110.2M
ChevronCVX81,6982,1980,3381,0510.1M
Gilead SciencesGILD35,8436,3135,5035,619.98M
BoeingBA67,0967,9766,0566,548.21M
Coca-ColaKO58,8659,1658,2558,527.92M
UnitedHealth GroupUNH35,4935,5635,0835,117.85M
AmazonAMZN160,01160,93155,60157,067.61M
McDonald'sMCD74,5274,9773,8774,517.24M
PepsicoPEP66,9567,3166,2566,447M
AlphabetGOOGL529,16531,87518,92525,796.48M
International Business MachinesIBM135,50136,11133,67134,146.43M
AmgenAMGN55,0255,5754,6555,116.27M
VisaV74,7474,9773,8174,265.79M
United TechnologiesUTX71,8272,9471,0071,235.02M
Berkshire HathawayBRK.B82,8383,7782,5182,684.91M
3MMMM87,7888,0086,2186,713.63M
Union PacificUNP82,6982,9681,1181,802.72M
Exchange Rates of September 30th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 83,500 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,030 CAD1 CAD = 0,971 USD
US DollarSwiss Franc1 USD = 0,983 CHF1 CHF = 1,017 USD
US DollarChinese Yuan1 USD = 6,692 CNY1 CNY = 0,149 USD
EuroJapanese Yen1 EUR = 113,790 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,867 GBP1 GBP = 1,153 EUR
EuroAustralian Dollar1 EUR = 1,411 AUD1 AUD = 0,709 EUR
EuroCanadian Dollar1 EUR = 1,404 CAD1 CAD = 0,713 EUR
EuroSwiss Franc1 EUR = 1,340 CHF1 CHF = 0,746 EUR
EuroChinese Yuan1 EUR = 9,120 CNY1 CNY = 0,110 EUR
Japanese YenPound Sterling1 JPY = 0,762 GBP1 GBP = 1,312 JPY
Japanese YenAustralian Dollar1 JPY = 1,240 AUD1 AUD = 0,807 JPY
Japanese YenCanadian Dollar1 JPY = 1,233 CAD1 CAD = 0,811 JPY
Japanese YenSwiss Franc1 JPY = 1,178 CHF1 CHF = 0,849 JPY
Pound SterlingAustralian Dollar1 GBP = 1,627 AUD1 AUD = 0,615 GBP
Pound SterlingCanadian Dollar1 GBP = 1,618 CAD1 CAD = 0,618 GBP
Pound SterlingSwiss Franc1 GBP = 1,545 CHF1 CHF = 0,647 GBP
Pound SterlingChinese Yuan1 GBP = 10,503 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,994 CAD1 CAD = 1,006 AUD
Australian DollarSwiss Franc1 AUD = 0,949 CHF1 CHF = 1,053 AUD
Australian DollarChinese Yuan1 AUD = 6,464 CNY1 CNY = 0,155 AUD
Canadian DollarSwiss Franc1 CAD = 0,955 CHF1 CHF = 1,047 CAD
Canadian DollarChinese Yuan1 CAD = 6,500 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 6,805 CNY1 CNY = 0,147 CHF

See what else happened on September 30th, 2010