Financial news on June 1st, 2010
Business and Financial news
The Dubai Holding Commercial Operations Group, a real-estate and hospitality company owned by the emirate’s ruler, reported a full-year loss of 22.8 billion dirhams ($6.2 billion) after property prices plunged in the Gulf’s trade and tourism hub. Read more..
Borrowing costs could rise as European banks compete with governments in the bond market. Read more..
The Fitch ratings firm announced Friday that it had downgraded Spain’s credit rating by one notch, sending indexes on a swift decline of more than 1 percent. Read more..
A strike for higher wages, which began May 22, has idled work at four other Honda assembly plants in China. Read more..
Growth for the year ended March 31 was 7.4 percent, beating a government forecast of 7.2 percent. Read more..
China is failing to carry out its pledges to liberalize its economy and open its markets to foreign companies, according to the European Union. Read more..
A three-way bidding war appears to have broken out for Healthscope, with Kohlberg Kravis Roberts and Tenet Healthcare reportedly joining the race to buy the Australian hospital operator. Read more..
Demand for business and leisure travel is expected to be stronger this summer, meaning passengers will be fighting for seats that were cut significantly in the recession. Read more..
Europe’s troubles have not yet hurt banks in the United States, but it would be foolhardy to assume this problem is far away, The New York Times’s editorial board argues. Read more..
Regulators on Friday shut down three affiliated banks in Florida and one each in Nevada and California, bringing the number of bank failures this year to 78. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 25.53 | 26.31 | 25.52 | 25.89 | 76.2M |
General Electric | GE | 16.24 | 16.51 | 15.93 | 15.98 | 73.1M |
Intel | INTC | 21.30 | 21.74 | 21.13 | 21.18 | 57.2M |
Pfizer | PFE | 15.16 | 15.42 | 14.96 | 14.99 | 56.9M |
Cisco Systems | CSCO | 22.94 | 23.48 | 22.92 | 23.00 | 56.3M |
Wells Fargo & Co. | WFC | 28.68 | 29.20 | 28.19 | 28.23 | 39.5M |
JPMorgan Chase | JPM | 39.32 | 39.96 | 38.50 | 38.54 | 37.8M |
Schlumberger | SLB | 54.45 | 54.45 | 51.67 | 51.75 | 35.7M |
ExxonMobil | XOM | 60.38 | 60.86 | 59.14 | 59.25 | 33M |
Oracle Corp. | ORCL | 22.42 | 22.84 | 22.15 | 22.20 | 32.3M |
Apple | AAPL | 259.69 | 265.94 | 258.96 | 260.83 | 31.3M |
AT&T Inc. | T | 24.27 | 24.80 | 24.12 | 24.33 | 29.7M |
Comcast | CMCSA | 17.74 | 18.37 | 17.73 | 18.02 | 25.1M |
Altria | MO | 20.25 | 20.42 | 20.07 | 20.12 | 20.8M |
Merck | MRK | 33.43 | 34.02 | 33.31 | 33.53 | 20.8M |
Johnson & Johnson | JNJ | 58.21 | 59.41 | 57.55 | 58.76 | 19.5M |
Abbott Laboratories | ABT | 47.44 | 47.72 | 46.90 | 46.94 | 18.3M |
ConocoPhillips | COP | 51.77 | 52.20 | 50.26 | 50.33 | 17.8M |
HP Inc. | HPQ | 45.85 | 46.57 | 45.50 | 45.58 | 17.8M |
Home Depot | HD | 33.42 | 34.17 | 33.22 | 33.54 | 17.3M |
Wal-Mart Stores | WMT | 50.80 | 51.51 | 50.52 | 50.92 | 16.1M |
Walt Disney & Co. | DIS | 33.06 | 33.87 | 32.85 | 33.33 | 15.4M |
Verizon Communications | VZ | 27.30 | 27.73 | 27.21 | 27.21 | 15.4M |
Procter & Gamble | PG | 60.89 | 61.74 | 60.52 | 61.16 | 15.3M |
Chevron | CVX | 73.56 | 74.52 | 72.29 | 72.29 | 14M |
Coca-Cola | KO | 51.12 | 52.11 | 50.73 | 51.29 | 12.1M |
Bristol-Myers Squibb | BMY | 23.11 | 23.47 | 22.90 | 23.02 | 10.7M |
Gilead Sciences | GILD | 35.82 | 36.29 | 35.41 | 35.43 | 9.47M |
Union Pacific | UNP | 70.56 | 72.41 | 70.27 | 70.31 | 8.42M |
UnitedHealth Group | UNH | 29.18 | 29.61 | 28.89 | 28.98 | 8.18M |
Amgen | AMGN | 51.72 | 52.39 | 50.75 | 50.76 | 7.27M |
Pepsico | PEP | 62.66 | 63.59 | 61.90 | 62.76 | 7.18M |
International Business Machines | IBM | 124.69 | 126.88 | 124.20 | 124.34 | 7.14M |
Boeing | BA | 64.27 | 65.20 | 62.86 | 62.95 | 6.32M |
Visa | V | 72.49 | 73.60 | 71.36 | 71.49 | 6.27M |
Berkshire Hathaway | BRK.B | 70.05 | 71.94 | 69.95 | 70.26 | 5.38M |
McDonald's | MCD | 66.23 | 67.31 | 66.04 | 66.36 | 5.37M |
Alphabet | GOOGL | 480.43 | 491.06 | 480.12 | 482.37 | 5.33M |
United Technologies | UTX | 66.59 | 67.47 | 65.93 | 66.05 | 5.13M |
3M | MMM | 78.72 | 79.87 | 77.97 | 78.07 | 4.34M |
Amazon | AMZN | 124.97 | 126.57 | 123.02 | 123.24 | 3.66M |
Exchange Rates of June 1st, 2010
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 90.990 JPY | 1 JPY = 0.011 USD |
US Dollar | Canadian Dollar | 1 USD = 1.054 CAD | 1 CAD = 0.949 USD |
US Dollar | Swiss Franc | 1 USD = 1.157 CHF | 1 CHF = 0.864 USD |
US Dollar | Chinese Yuan | 1 USD = 6.829 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 111.090 JPY | 1 JPY = 0.009 EUR |
Euro | Pound Sterling | 1 EUR = 0.834 GBP | 1 GBP = 1.199 EUR |
Euro | Australian Dollar | 1 EUR = 1.470 AUD | 1 AUD = 0.681 EUR |
Euro | Canadian Dollar | 1 EUR = 1.287 CAD | 1 CAD = 0.777 EUR |
Euro | Swiss Franc | 1 EUR = 1.413 CHF | 1 CHF = 0.708 EUR |
Euro | Chinese Yuan | 1 EUR = 8.336 CNY | 1 CNY = 0.120 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.750 GBP | 1 GBP = 1.333 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.323 AUD | 1 AUD = 0.756 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.159 CAD | 1 CAD = 0.863 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.272 CHF | 1 CHF = 0.786 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.762 AUD | 1 AUD = 0.567 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.544 CAD | 1 CAD = 0.648 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.695 CHF | 1 CHF = 0.590 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 9.980 CNY | 1 CNY = 0.100 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.876 CAD | 1 CAD = 1.142 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.961 CHF | 1 CHF = 1.041 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.665 CNY | 1 CNY = 0.177 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.098 CHF | 1 CHF = 0.911 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.470 CNY | 1 CNY = 0.155 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 5.896 CNY | 1 CNY = 0.170 CHF |
See what else happened on June 1st, 2010