Financial news on June 3rd, 2010

Business and Financial news
China Weighs Tighter Controls on Rare Elements

China is considering putting state-owned companies in charge of mining rare earths, minerals crucial to many high-tech products. Read more..

By DAVID BARBOZA - International Herald Tribune

Dell Chief Has Considered Taking Company Private

Michael Dell also said that the transformation of the computer maker was still incomplete. Read more..

By DEALBOOK - The New York Times

File-Sharing Pioneers Now Selling Music

The founders of the file-sharing site Kazaa will unveil a venture, Rdio, which will allow users to stream and store music on a range of mobile phones. Read more..

By BRAD STONE - The New York Times

For Hedge Funds, Short Bets in Education?

Hedge funds on the hunt for their next big shorting opportunity have, at least according to the Business Insider, found their next tasty target: the for-profit educational industry. Read more..

By DEALBOOK - The New York Times

F.S.A. Hits JPMorgan With $48.9 Million Fine

JPMorgan was fined $48.9 million by Britain’s financial regulator Thursday, the highest penalty it has ever imposed, for failing to keep client funds separate from the firm’s money. Read more..

By DEALBOOK - The New York Times

Hedge Fund Manager Accused of Fraud Is Arrested

U.S. officials say an American fugitive wanted for money laundering and other financial fraud through two fraudulent hedge funds that he claimed to manage has been arrested in Poland. Read more..

By DEALBOOK - The New York Times

I’ll Have a Vodka, With a Splash of Celebrity

Sobieski vodka, a Polish brand, has introduced a campaign featuring the actor Bruce Willis. The spots are meant to play up authenticity instead of glamour. Read more..

By ELIZABETH OLSON - The New York Times

Limits on Risk Said to Fuel Trader Exodus

Since the idea of limiting trade for profit began to build political capital, talented traders and portfolio managers have begun to question their positions in their respective firms, and some have already left, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

U.S. Presses the Airlines to Satisfy the Traveler

Passengers would receive as much as $1,300 for being bumped and would have 24 hours to cancel reservations without penalty under the proposal. Read more..

By SUSAN STELLIN - The New York Times

Zuckerberg on the Hot Seat

During an on-stage interview at the D8 conference where he was being was grilled about Facebook’s latest privacy flap, Mark Zuckerberg was visibly uncomfortable and sweating profusely. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.4116.4816.2316.4551.8M
Cisco SystemsCSCO23.4923.7723.2723.7249M
JPMorgan ChaseJPM39.8639.9438.6239.1031M
Wells Fargo & Co.WFC29.3629.4828.5228.8630.9M
Oracle Corp.ORCL22.7122.9522.5422.8428.6M
AT&T Inc.T24.8824.9324.6124.8023.6M
Bristol-Myers SquibbBMY22.8523.1822.7322.8821.8M
Walt Disney & Co.DIS34.9235.1034.3134.7117.8M
Verizon CommunicationsVZ27.6727.7927.4727.6417M
HP Inc.HPQ47.4547.7247.0747.4816.8M
Home DepotHD33.9034.0633.1733.4315.7M
Johnson & JohnsonJNJ59.8960.1559.5559.7714.3M
Gilead SciencesGILD35.8536.3235.5935.9011.2M
Procter & GamblePG61.9762.1461.7061.8010.7M
Wal-Mart StoresWMT51.7352.0851.4851.7210.5M
Abbott LaboratoriesABT47.7547.8247.4747.739.05M
UnitedHealth GroupUNH29.9230.4929.6630.468.06M
International Business MachinesIBM127.75128.22126.46127.966.65M
Berkshire HathawayBRK.B72.4072.6571.3072.344.12M
Union PacificUNP72.9774.1672.5073.223.96M
United TechnologiesUTX67.7668.2567.2867.853.91M
Exchange Rates of June 3rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.570 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.041 CAD1 CAD = 0.961 USD
US DollarSwiss Franc1 USD = 1.157 CHF1 CHF = 0.865 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 112.570 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.832 GBP1 GBP = 1.202 EUR
EuroAustralian Dollar1 EUR = 1.444 AUD1 AUD = 0.692 EUR
EuroCanadian Dollar1 EUR = 1.266 CAD1 CAD = 0.790 EUR
EuroSwiss Franc1 EUR = 1.407 CHF1 CHF = 0.711 EUR
EuroChinese Yuan1 EUR = 8.305 CNY1 CNY = 0.120 EUR
Japanese YenPound Sterling1 JPY = 0.739 GBP1 GBP = 1.354 JPY
Japanese YenAustralian Dollar1 JPY = 1.282 AUD1 AUD = 0.780 JPY
Japanese YenCanadian Dollar1 JPY = 1.124 CAD1 CAD = 0.890 JPY
Japanese YenSwiss Franc1 JPY = 1.249 CHF1 CHF = 0.801 JPY
Pound SterlingAustralian Dollar1 GBP = 1.736 AUD1 AUD = 0.576 GBP
Pound SterlingCanadian Dollar1 GBP = 1.521 CAD1 CAD = 0.657 GBP
Pound SterlingSwiss Franc1 GBP = 1.691 CHF1 CHF = 0.591 GBP
Pound SterlingChinese Yuan1 GBP = 9.970 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.876 CAD1 CAD = 1.141 AUD
Australian DollarSwiss Franc1 AUD = 0.974 CHF1 CHF = 1.026 AUD
Australian DollarChinese Yuan1 AUD = 5.754 CNY1 CNY = 0.174 AUD
Canadian DollarSwiss Franc1 CAD = 1.111 CHF1 CHF = 0.900 CAD
Canadian DollarChinese Yuan1 CAD = 6.569 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 5.903 CNY1 CNY = 0.169 CHF

See what else happened on June 3rd, 2010