Financial news on July 03, 2009

Business and Financial news
Factory Orders Rise for Third Time in Four Months

A bleak jobs report somewhat offsets a moderating trend in manufacturing. Read more..

By BLOOMBERG NEWS - The New York Times

Green Power Takes Root in the Chinese Desert

Beijing is steering a push toward wind and solar power, while the U.S. is just starting. Read more..

By KEITH BRADSHER - The New York Times

Johnson & Johnson Buys Access to an Alzheimer’s Drug

The American health care giant will pay $1 billion to the Irish drug maker Elan to gain access to Alzheimer’s disease treatments. Read more..

By DAVID JOLLY - The New York Times

Markets Fall After Jobs Report

Wall Street ended the week with a sharp decline, spurred by the June jobless report. The Dow fell by more than 220 points. Read more..

By GERRY SHIH - The New York Times

Markets in China Fly High Once More

In a rise reminiscent of an earlier expansion, before the bubble burst in 2008, the Shanghai composite index is up 68 percent so far this year. Read more..

By DAVID BARBOZA - The New York Times

Marshals Take Control of Madoff Apartment

Federal marshals took possession of the $7 million Manhattan apartment of the disgraced financier Bernard L. Madoff, an action that has forced his wife to move. Read more..

By BLOOMBERG NEWS - The New York Times

Sanofi Drug for Heart Rhythm Disorder Is Approved

Sanofi plans to begin marketing Multaq, generically known as dronedarone, in the United States this summer. Read more..

By DUFF WILSON - The New York Times

S.E.C. May Reinstate Rules for Short-Selling Stocks

They have been reviled as the bad hats of Wall Street, nefarious traders who cashed in on the market collapse and, some insist, helped precipitate it. Read more..

By GERRY SHIH - The New York Times

U.S. Gets Tough on Funds Trying to Buy Failed Banks

Under new rules, private equity funds buying failed banks at bargain prices will need three times as much capital as solvent banks. Read more..

By EDMUND L. ANDREWS - The New York Times

U.S. Inquiry Is Confirmed Into Google Books Deal

The Justice Department confirmed it was conducting an antitrust investigation into a settlement of a class action between Google and groups representing authors and publishers. Read more..

By MIGUEL HELFT - The New York Times

Exchange Rates of July 03, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 95.980 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.158 CAD 1 CAD = 0.864 USD
US Dollar Swiss Franc 1 USD = 1.086 CHF 1 CHF = 0.921 USD
US Dollar Chinese Yuan 1 USD = 6.833 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 134.410 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.857 GBP 1 GBP = 1.167 EUR
Euro Australian Dollar 1 EUR = 1.752 AUD 1 AUD = 0.571 EUR
Euro Canadian Dollar 1 EUR = 1.621 CAD 1 CAD = 0.617 EUR
Euro Swiss Franc 1 EUR = 1.521 CHF 1 CHF = 0.658 EUR
Euro Chinese Yuan 1 EUR = 9.569 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.637 GBP 1 GBP = 1.570 JPY
Japanese Yen Australian Dollar 1 JPY = 1.306 AUD 1 AUD = 0.766 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.208 CAD 1 CAD = 0.828 JPY
Japanese Yen Swiss Franc 1 JPY = 1.131 CHF 1 CHF = 0.884 JPY
Pound Sterling Australian Dollar 1 GBP = 2.044 AUD 1 AUD = 0.489 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.892 CAD 1 CAD = 0.529 GBP
Pound Sterling Swiss Franc 1 GBP = 1.774 CHF 1 CHF = 0.564 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.925 CAD 1 CAD = 1.081 AUD
Australian Dollar Swiss Franc 1 AUD = 0.868 CHF 1 CHF = 1.152 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.461 CNY 1 CNY = 0.183 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.938 CHF 1 CHF = 1.066 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.901 CNY 1 CNY = 0.169 CAD

See what else happened on July 03, 2009