Financial news on July 1st, 2010

Business and Financial news
Boeing to Buy a Maker Of Intelligence Systems

The aircraft maker said it would buy Argon ST to expand its capabilities in warfare and intelligence gathering. Read more..


Drink. Trade. Refill. Lose $10 Million.

A former oil futures broker engineered a jump in the price of oil a year ago and cost his firm millions after a weekend of heavy drinking, Britain’s financial regulator disclosed. Read more..

By JULIA WERDIGIER - The New York Times

European Commission Proposes Penalties for Budget Offenders

Governments that spend beyond their means could suffer a loss of farm aid and pay penalties under the proposal, which could take effect next year. Read more..

By JAMES KANTER - International Herald Tribune

In Ruling, W.T.O. Faults Europe Over Aid to Airbus

The World Trade Organization ruled that European government subsidies gave the European aircraft maker an unfair advantage over Boeing. Read more..

By CHRISTOPHER DREW - The New York Times

Mixed Signals from New Data on Jobs and Manufacturing

Private sector jobs rose only slightly in May, but Midwest business activity was a little better than expected. Read more..

By REUTERS - The New York Times

Morning Take-Out

The good news is, Spain sold a bunch of bonds without much trouble — a 3.5 billion euro thumbs up, if you will — but the bad news is, Moody’s says it may soon downgrade that debt. Read more..

By DEALBOOK - The New York Times

Siluria Turns Gas Into Green

Siluria Technologies, a start-up that engineers bugs to convert natural gas into organic chemicals, has just emerged with a lot of dollar signs attached — including an investment from Silicon Valley’s clean-tech kingmaker, Kleiner Perkins. Read more..

By DEALBOOK - The New York Times

TARP, the Bailout Fund Everyone Loves to Hate, Could Make Its Exit Early

The Obama administration and Congressional Democrats proposed phasing out the program as a way to win Republican support for the financial overhaul package. Read more..

By SEWELL CHAN - The New York Times

The Swype Revolution?

Motorola’s Droid X is one of the first phones to have Swype built in, giving users a completely new way to enter text on their phones. But is it really better than typing? Read more..

By DAVID POGUE - The New York Times

U.S. Changes Tariff Status of Some Goods

Wood flooring from Brazil lost its duty-free status, while frozen beans from Egypt gained it under a program meant to help poor companies. Read more..

By SEWELL CHAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.3314.4313.8714.12107M
Cisco SystemsCSCO21.2021.4920.9321.2666.3M
Wells Fargo & Co.WFC25.5425.9424.6025.1858.9M
JPMorgan ChaseJPM36.5436.6935.1636.0856.6M
AT&T Inc.T24.2624.4024.0024.3451.2M
Oracle Corp.ORCL21.4621.6821.2421.5538.3M
Verizon CommunicationsVZ28.0128.2027.6028.1332.4M
Home DepotHD28.4128.5027.4927.9227.1M
HP Inc.HPQ43.1543.5542.4242.8921.4M
Walt Disney & Co.DIS31.4732.1030.9131.4919.9M
Procter & GamblePG59.8460.2959.3659.5419.3M
Bristol-Myers SquibbBMY24.8424.9424.2224.7619.1M
Wal-Mart StoresWMT48.1048.4147.7748.3418.1M
Johnson & JohnsonJNJ59.0759.2558.6559.0718M
Abbott LaboratoriesABT46.5546.6645.7146.4618M
UnitedHealth GroupUNH28.3128.3127.1327.8515.6M
Berkshire HathawayBRK.B79.5679.6777.9378.8111.9M
Gilead SciencesGILD34.2434.2733.3034.1411.9M
International Business MachinesIBM123.55124.21121.61122.579.74M
Union PacificUNP69.8670.3867.8369.516.22M
United TechnologiesUTX64.8564.9163.6264.395.68M
Exchange Rates of July 1st, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.750 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.058 CAD1 CAD = 0.945 USD
US DollarSwiss Franc1 USD = 1.060 CHF1 CHF = 0.944 USD
US DollarChinese Yuan1 USD = 6.782 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 109.830 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.825 GBP1 GBP = 1.212 EUR
EuroAustralian Dollar1 EUR = 1.476 AUD1 AUD = 0.678 EUR
EuroCanadian Dollar1 EUR = 1.324 CAD1 CAD = 0.755 EUR
EuroSwiss Franc1 EUR = 1.326 CHF1 CHF = 0.754 EUR
EuroChinese Yuan1 EUR = 8.484 CNY1 CNY = 0.118 EUR
Japanese YenPound Sterling1 JPY = 0.751 GBP1 GBP = 1.332 JPY
Japanese YenAustralian Dollar1 JPY = 1.343 AUD1 AUD = 0.744 JPY
Japanese YenCanadian Dollar1 JPY = 1.205 CAD1 CAD = 0.830 JPY
Japanese YenSwiss Franc1 JPY = 1.207 CHF1 CHF = 0.828 JPY
Pound SterlingAustralian Dollar1 GBP = 1.789 AUD1 AUD = 0.559 GBP
Pound SterlingCanadian Dollar1 GBP = 1.605 CAD1 CAD = 0.623 GBP
Pound SterlingSwiss Franc1 GBP = 1.607 CHF1 CHF = 0.622 GBP
Pound SterlingChinese Yuan1 GBP = 10.274 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.897 CAD1 CAD = 1.115 AUD
Australian DollarSwiss Franc1 AUD = 0.898 CHF1 CHF = 1.113 AUD
Australian DollarChinese Yuan1 AUD = 5.740 CNY1 CNY = 0.174 AUD
Canadian DollarSwiss Franc1 CAD = 1.002 CHF1 CHF = 0.998 CAD
Canadian DollarChinese Yuan1 CAD = 6.404 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.396 CNY1 CNY = 0.156 CHF

See what else happened on July 1st, 2010