Financial news on September 30, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19,34 19,60 19,11 19,20 75.4M
Microsoft MSFT 24,61 24,83 24,36 24,49 61.3M
Cisco Systems CSCO 22,05 22,28 21,67 21,90 56.8M
JPMorgan Chase JPM 38,49 38,95 37,96 38,06 54.9M
Oracle Corp. ORCL 27,28 27,41 26,81 26,85 42.9M
Pfizer PFE 17,48 17,50 17,16 17,17 39.7M
Wells Fargo & Co. WFC 25,24 25,63 25,02 25,12 37.4M
AT&T Inc. T 28,78 29,06 28,57 28,60 28.3M
HP Inc. HPQ 42,96 43,15 41,72 42,07 28.2M
Comcast CMCSA 18,21 18,21 17,81 18,08 28M
ExxonMobil XOM 61,95 62,44 61,47 61,79 25.5M
Apple AAPL 289,00 290,00 281,25 283,75 24M
General Electric GE 16,46 16,68 16,15 16,25 15.8M
Verizon Communications VZ 32,75 33,09 32,52 32,59 15.7M
Walt Disney & Co. DIS 33,19 33,50 32,83 33,10 14.5M
Merck MRK 37,21 37,58 36,64 36,81 13.7M
Abbott Laboratories ABT 52,43 52,86 52,10 52,24 13.4M
Altria MO 24,10 24,39 23,88 24,02 13.2M
Procter & Gamble PG 60,32 60,65 59,84 59,97 13.1M
Johnson & Johnson JNJ 62,49 62,70 61,55 61,96 12.8M
ConocoPhillips COP 57,89 57,99 56,88 57,43 12.8M
Home Depot HD 31,88 32,23 31,62 31,68 11.4M
Bristol-Myers Squibb BMY 27,44 27,53 27,03 27,11 11.2M
Wal-Mart Stores WMT 53,53 53,99 53,14 53,52 10.9M
Schlumberger SLB 62,21 62,96 61,29 61,61 10.2M
Chevron CVX 81,69 82,19 80,33 81,05 10.1M
Gilead Sciences GILD 35,84 36,31 35,50 35,61 9.98M
Boeing BA 67,09 67,97 66,05 66,54 8.21M
Coca-Cola KO 58,86 59,16 58,25 58,52 7.92M
UnitedHealth Group UNH 35,49 35,56 35,08 35,11 7.85M
Amazon AMZN 160,01 160,93 155,60 157,06 7.61M
McDonald's MCD 74,52 74,97 73,87 74,51 7.24M
Pepsico PEP 66,95 67,31 66,25 66,44 7M
Alphabet GOOGL 529,16 531,87 518,92 525,79 6.48M
International Business Machines IBM 135,50 136,11 133,67 134,14 6.43M
Amgen AMGN 55,02 55,57 54,65 55,11 6.27M
Visa V 74,74 74,97 73,81 74,26 5.79M
United Technologies UTX 71,82 72,94 71,00 71,23 5.02M
Berkshire Hathaway BRK.B 82,83 83,77 82,51 82,68 4.91M
3M MMM 87,78 88,00 86,21 86,71 3.63M
Union Pacific UNP 82,69 82,96 81,11 81,80 2.72M
Exchange Rates of September 30, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 83,500 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 = 0,983 CHF 1 CHF = 1,017 USD
US Dollar Chinese Yuan 1 USD = 6,692 CNY 1 CNY = 0,149 USD
Euro Japanese Yen 1 EUR = 113,790 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,867 GBP 1 GBP = 1,153 EUR
Euro Australian Dollar 1 EUR = 1,411 AUD 1 AUD = 0,709 EUR
Euro Canadian Dollar 1 EUR = 1,404 CAD 1 CAD = 0,713 EUR
Euro Swiss Franc 1 EUR = 1,340 CHF 1 CHF = 0,746 EUR
Euro Chinese Yuan 1 EUR = 9,120 CNY 1 CNY = 0,110 EUR
Japanese Yen Pound Sterling 1 JPY = 0,762 GBP 1 GBP = 1,312 JPY
Japanese Yen Australian Dollar 1 JPY = 1,240 AUD 1 AUD = 0,807 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,233 CAD 1 CAD = 0,811 JPY
Japanese Yen Swiss Franc 1 JPY = 1,178 CHF 1 CHF = 0,849 JPY
Pound Sterling Australian Dollar 1 GBP = 1,627 AUD 1 AUD = 0,615 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,618 CAD 1 CAD = 0,618 GBP
Pound Sterling Swiss Franc 1 GBP = 1,545 CHF 1 CHF = 0,647 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,503 CNY 1 CNY = 0,095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,994 CAD 1 CAD = 1,006 AUD
Australian Dollar Swiss Franc 1 AUD = 0,949 CHF 1 CHF = 1,053 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,464 CNY 1 CNY = 0,155 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,955 CHF 1 CHF = 1,047 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,500 CNY 1 CNY = 0,154 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,805 CNY 1 CNY = 0,147 CHF

See what else happened on September 30, 2010