Financial news on July 3rd, 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 3rd, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.980 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.158 CAD1 CAD = 0.864 USD
US DollarSwiss Franc1 USD = 1.086 CHF1 CHF = 0.921 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 134.410 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.857 GBP1 GBP = 1.167 EUR
EuroAustralian Dollar1 EUR = 1.752 AUD1 AUD = 0.571 EUR
EuroCanadian Dollar1 EUR = 1.621 CAD1 CAD = 0.617 EUR
EuroSwiss Franc1 EUR = 1.521 CHF1 CHF = 0.658 EUR
EuroChinese Yuan1 EUR = 9.569 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.637 GBP1 GBP = 1.570 JPY
Japanese YenAustralian Dollar1 JPY = 1.306 AUD1 AUD = 0.766 JPY
Japanese YenCanadian Dollar1 JPY = 1.208 CAD1 CAD = 0.828 JPY
Japanese YenSwiss Franc1 JPY = 1.131 CHF1 CHF = 0.884 JPY
Pound SterlingAustralian Dollar1 GBP = 2.044 AUD1 AUD = 0.489 GBP
Pound SterlingCanadian Dollar1 GBP = 1.892 CAD1 CAD = 0.529 GBP
Pound SterlingSwiss Franc1 GBP = 1.774 CHF1 CHF = 0.564 GBP
Australian DollarCanadian Dollar1 AUD = 0.925 CAD1 CAD = 1.081 AUD
Australian DollarSwiss Franc1 AUD = 0.868 CHF1 CHF = 1.152 AUD
Australian DollarChinese Yuan1 AUD = 5.461 CNY1 CNY = 0.183 AUD
Canadian DollarSwiss Franc1 CAD = 0.938 CHF1 CHF = 1.066 CAD
Canadian DollarChinese Yuan1 CAD = 5.901 CNY1 CNY = 0.169 CAD

See what else happened on July 3rd, 2009