Financial news on July 02, 2010

Business and Financial news
‘We Got Acquired by Amazon': Woot’s Deal Video

Woot, an online shopping site, wasn’t content with just putting out a press release to trumpet its sale to Amazon.com. So it put out a rap video on YouTube hosted by a stuffed monkey. Read more..

By DEALBOOK - The New York Times

A.I.G. Chief and Chairman to Work Out Differences

American International Group Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday, Reuters reported. Read more..

By DEALBOOK - The New York Times

Britain’s Chloride Seals Deal With Emerson

Chloride Group, the British power supply company, said Friday that it has accepted an improved takeover bid from U.S. competitor Emerson Electric that values it at 997 million pounds ($1.5 billion). Read more..

By DEALBOOK - The New York Times

Dana Petroleum Surges After K.N.O.C. Takeover Approach

Dana Petroleum, a U.K. oil and gas explorer, surged by the highest amount in 19 months in London trading after a takeover approach from Korea National Oil. The shares climbed as much as 23 percent to 1,450 pence, the biggest intraday gain since November 2008. Read more..

By DEALBOOK - The New York Times

German Parliament Approves Trading Curbs

German lawmakers on Friday approved a government bill that would cement in law and extend curbs on speculative trading practices following the country’s abrupt imposition of restrictions in May, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Hedge Funds Caught in Europe’s Bonus Limits

It looks like the hedge fund industry will have to brace itself for yet another regulatory headache: Europe’s new bonus restrictions. Read more..

By DEALBOOK - The New York Times

Lobbyist Says It’s About Information, Not Influence

For weeks now, the two biggest issues in Congress have been cleaning up Wall Street and cleaning up the Gulf Coast — and prominent lobbyist Tony Podesta has had a big hand in both. Read more..

By DEALBOOK - The New York Times

Shares Lower on Downbeat Economic Reports

The major indexes continued down after the markets suffered their worst quarter since late 2008. Read more..

By REUTERS - The New York Times

U.S. House Approves Limits on Pharmaceutical Dealmaking

The U.S. House approved a measure restricting the ability of drugmakers to enter agreements that the Federal Trade Commission has said keep generic medicines off the market. The proposal, included in a war-funding bill that passed the House last night, now goes to the Senate. Read more..

By DEALBOOK - The New York Times

Will Sun Valley Yield Any Deals This Year?

What will this year’s Allen & Company annual media retreat — a traditional birthplace of headline-grabbing deals — yield? Perhaps nothing, some industry observers told Reuters. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 14.16 14.26 13.75 13.88 78.5M
Microsoft MSFT 23.36 23.48 23.05 23.27 62.5M
Intel INTC 19.21 19.37 18.96 19.20 58.1M
Cisco Systems CSCO 21.21 21.31 20.99 21.13 46.3M
Pfizer PFE 14.29 14.36 14.10 14.14 40.8M
JPMorgan Chase JPM 36.31 36.69 35.34 35.83 36.8M
ExxonMobil XOM 56.85 56.99 55.94 56.57 32.8M
Wells Fargo & Co. WFC 25.40 25.68 24.76 24.88 32.2M
Oracle Corp. ORCL 21.71 22.03 21.49 21.83 31.8M
Verizon Communications VZ 27.17 27.18 26.48 26.81 25.6M
Apple AAPL 250.49 250.93 243.20 246.94 24.8M
AT&T Inc. T 24.42 24.43 24.10 24.29 23.2M
Comcast CMCSA 17.67 17.75 17.31 17.46 18.7M
Merck MRK 34.46 34.50 33.65 34.22 17M
HP Inc. HPQ 42.99 43.16 42.31 42.81 16.7M
Walt Disney & Co. DIS 31.56 31.68 30.72 31.38 15.6M
Home Depot HD 28.01 28.01 27.58 27.76 15.4M
Wal-Mart Stores WMT 48.44 48.44 47.84 48.00 13.6M
Procter & Gamble PG 59.63 59.89 59.21 59.38 12.1M
Schlumberger SLB 55.26 56.16 54.22 54.96 12M
Abbott Laboratories ABT 46.48 46.76 46.22 46.46 11.8M
Altria MO 20.21 20.40 20.05 20.31 11.4M
Johnson & Johnson JNJ 59.42 59.59 58.85 59.08 10.5M
Bristol-Myers Squibb BMY 24.87 25.04 24.50 24.69 9.9M
Gilead Sciences GILD 34.38 35.16 34.18 34.87 9.76M
ConocoPhillips COP 49.17 49.36 48.41 48.82 9.49M
Berkshire Hathaway BRK.B 79.05 79.47 76.67 77.24 9.32M
UnitedHealth Group UNH 27.89 28.45 27.79 28.30 9.31M
Chevron CVX 67.79 68.15 66.87 67.31 9.14M
Coca-Cola KO 50.22 50.46 49.85 50.05 8.14M
International Business Machines IBM 123.29 123.29 120.61 121.86 6.45M
Pepsico PEP 61.54 62.15 61.38 61.53 5.99M
McDonald's MCD 66.75 67.00 65.97 66.14 5.28M
Amgen AMGN 52.01 52.50 51.41 51.70 5.24M
Union Pacific UNP 69.91 70.53 67.97 68.37 4.88M
Visa V 73.24 73.79 72.58 73.18 4.7M
Amazon AMZN 110.92 111.29 108.56 109.14 4.48M
United Technologies UTX 64.45 64.93 63.84 64.29 3.99M
Alphabet GOOGL 441.62 442.28 436.00 436.55 3.87M
3M MMM 78.80 79.00 77.04 77.67 3.78M
Boeing BA 62.32 62.50 61.17 61.94 3.56M
Exchange Rates of July 02, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 87.740 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.063 CAD 1 CAD = 0.941 USD
US Dollar Swiss Franc 1 USD = 1.062 CHF 1 CHF = 0.941 USD
US Dollar Chinese Yuan 1 USD = 6.772 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 110.230 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.827 GBP 1 GBP = 1.210 EUR
Euro Australian Dollar 1 EUR = 1.492 AUD 1 AUD = 0.670 EUR
Euro Canadian Dollar 1 EUR = 1.335 CAD 1 CAD = 0.749 EUR
Euro Swiss Franc 1 EUR = 1.335 CHF 1 CHF = 0.749 EUR
Euro Chinese Yuan 1 EUR = 8.509 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.749 GBP 1 GBP = 1.334 JPY
Japanese Yen Australian Dollar 1 JPY = 1.353 AUD 1 AUD = 0.739 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.210 CAD 1 CAD = 0.827 JPY
Japanese Yen Swiss Franc 1 JPY = 1.211 CHF 1 CHF = 0.826 JPY
Pound Sterling Australian Dollar 1 GBP = 1.805 AUD 1 AUD = 0.554 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.616 CAD 1 CAD = 0.619 GBP
Pound Sterling Swiss Franc 1 GBP = 1.616 CHF 1 CHF = 0.619 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.282 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.894 CAD 1 CAD = 1.119 AUD
Australian Dollar Swiss Franc 1 AUD = 0.894 CHF 1 CHF = 1.119 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.700 CNY 1 CNY = 0.175 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.000 CHF 1 CHF = 1.000 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.369 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.371 CNY 1 CNY = 0.157 CHF

See what else happened on July 02, 2010