Financial news on July 01, 2009

Business and Financial news
A Forecast With Hope Built In

In forecasting unemployment, the president’s economists used the same models that had failed to predict the crisis. Read more..

By DAVID LEONHARDT - The New York Times

British Economy Suffers Worst Drop in 50 Years

Britain’s gross domestic product fell 2.4 percent in the first quarter of 2009 from the previous quarter. From a year earlier, the economy’s decline was the largest ever. Read more..

By DAVID JOLLY - The New York Times

G.M. Pushes the Case for Its Rebirth in Court

General Motors went to bankruptcy court to begin the process of selling its best assets to a government-backed company that would become the linchpin of its turnaround plan. Read more..

By MICHELINE MAYNARD and MICHAEL J. de la MERCED - The New York Times

G.M. Said to Seek Alternate Buyers for Opel

As G.M. and Magna International attempt to conclude a deal for Opel, G.M. is talking with other potential buyers to win better terms, officials in the negotiations said. Read more..

By NELSON D. SCHWARTZ and DAVID JOLLY - The New York Times

Insured, but Bankrupted by Health Crises

Some people counted as medically insured have coverage so meager that a medical crisis means financial calamity. Read more..

By REED ABELSON - The New York Times

Making Music to Start a Revival

Sirius XM, which has suffered with the auto industry’s downturn, may now be set to benefit from any recovery. Read more..

By ROBERT CYRAN and IAN CAMPBELL - The New York Times

Merkin Reaches Accord With Cuomo on Art Sale

J. Ezra Merkin, who lost $2.4 billion of his clients’ money to the Madoff fraud, planned to sell his art collection for $310 million as part of an accord with New York’s attorney general. Read more..

By ZACHERY KOUWE - The New York Times

Panel Suggests U.S. Medical Priorities

The report recommended priorities for the Obama administration as it spends $1.1 billion to compare the effectiveness of drugs, medical devices, surgeries and other treatments. Read more..

By BARRY MEIER - The New York Times

Pro Bono Spots Soak Up More Commercial Time

Support for public service campaigns is usually stronger during economic downturns because media companies prefer to run classy-looking, altruistic ads to fill space. Read more..

By STUART ELLIOTT - The New York Times

U.S. Home Price Declines Moderating, Index Says

Prices continued to fall in April amid rising unemployment and new foreclosures. But the pace of declines leveled off slightly, according to the Standard & Poor’s Case-Shiller index. Read more..

By JACK HEALY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC16.6717.3116.6717.0492.5M
General ElectricGE11.7611.9011.6411.7864.2M
Wells Fargo & Co.WFC24.2524.6324.0424.1457.2M
MicrosoftMSFT24.0524.3023.9624.0454.9M
PfizerPFE14.9715.0414.7314.9046.8M
Cisco SystemsCSCO18.8419.1018.7618.8036.6M
JPMorgan ChaseJPM34.2734.5733.6533.7736.5M
Oracle Corp.ORCL21.6322.0021.6221.7428.2M
ExxonMobilXOM70.6771.5170.4170.5622.5M
AT&T Inc.T24.9425.2024.8525.0722.5M
HP Inc.HPQ38.8039.6238.5438.6819.5M
Wal-Mart StoresWMT48.5548.6448.1748.3718.4M
Abbott LaboratoriesABT47.0047.0946.5346.6417.8M
ConocoPhillipsCOP42.8042.9442.0042.0615.7M
MerckMRK28.1028.2227.7728.0515.4M
Johnson & JohnsonJNJ56.8257.1856.3957.0715.3M
ComcastCMCSA14.4314.8014.4214.4715.3M
AppleAAPL143.50144.66142.52142.8314.8M
Procter & GamblePG51.4752.5351.2852.0014.3M
AltriaMO16.4616.7516.4016.6813.9M
Home DepotHD23.8023.9423.4823.7113.3M
Bristol-Myers SquibbBMY20.1420.3019.9320.2413M
Verizon CommunicationsVZ30.8331.0030.6230.8212.3M
Coca-ColaKO48.4849.6048.4149.1812.1M
ChevronCVX66.9367.8766.3966.5210.4M
PepsicoPEP55.1256.6955.1256.529.72M
AmgenAMGN53.5053.5052.6752.768.37M
Walt Disney & Co.DIS23.5023.9323.3923.458.1M
SchlumbergerSLB55.0955.7354.1754.287.94M
AmazonAMZN84.4284.5081.3781.606.98M
UnitedHealth GroupUNH25.0925.4824.6525.166.88M
VisaV62.2862.5760.7860.806.54M
BoeingBA42.6342.9542.1542.236.35M
Gilead SciencesGILD46.8547.5946.7446.836.14M
McDonald'sMCD57.6558.5557.6558.225.73M
International Business MachinesIBM105.00106.27104.73104.845.54M
United TechnologiesUTX52.1552.6952.0452.284.67M
AlphabetGOOGL424.20426.40418.15418.994.62M
3MMMM60.3161.2960.0960.743.84M
Union PacificUNP52.2453.7852.1052.753.8M
Berkshire HathawayBRK.B2897.002935.002891.002924.0029.5K
Exchange Rates of July 01, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96.550 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.148 CAD1 CAD = 0.871 USD
US DollarSwiss Franc1 USD = 1.074 CHF1 CHF = 0.931 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 136.650 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.858 GBP1 GBP = 1.165 EUR
EuroAustralian Dollar1 EUR = 1.748 AUD1 AUD = 0.572 EUR
EuroCanadian Dollar1 EUR = 1.625 CAD1 CAD = 0.615 EUR
EuroSwiss Franc1 EUR = 1.520 CHF1 CHF = 0.658 EUR
EuroChinese Yuan1 EUR = 9.665 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.628 GBP1 GBP = 1.592 JPY
Japanese YenAustralian Dollar1 JPY = 1.279 AUD1 AUD = 0.782 JPY
Japanese YenCanadian Dollar1 JPY = 1.189 CAD1 CAD = 0.841 JPY
Japanese YenSwiss Franc1 JPY = 1.113 CHF1 CHF = 0.899 JPY
Pound SterlingAustralian Dollar1 GBP = 2.036 AUD1 AUD = 0.491 GBP
Pound SterlingCanadian Dollar1 GBP = 1.893 CAD1 CAD = 0.528 GBP
Pound SterlingSwiss Franc1 GBP = 1.771 CHF1 CHF = 0.565 GBP
Pound SterlingChinese Yuan1 GBP = 11.248 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.929 CAD1 CAD = 1.076 AUD
Australian DollarSwiss Franc1 AUD = 0.869 CHF1 CHF = 1.151 AUD
Australian DollarChinese Yuan1 AUD = 5.529 CNY1 CNY = 0.181 AUD
Canadian DollarSwiss Franc1 CAD = 0.935 CHF1 CHF = 1.069 CAD
Canadian DollarChinese Yuan1 CAD = 5.949 CNY1 CNY = 0.168 CAD
Swiss FrancChinese Yuan1 CHF = 6.358 CNY1 CNY = 0.157 CHF

See what else happened on July 01, 2009