Financial news on June 3rd, 2010
Business and Financial news
China is considering putting state-owned companies in charge of mining rare earths, minerals crucial to many high-tech products. Read more..
Michael Dell also said that the transformation of the computer maker was still incomplete. Read more..
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..
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..
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..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||29.36||29.48||28.52||28.86||30.9M|
|Walt Disney & Co.||DIS||34.92||35.10||34.31||34.71||17.8M|
|Johnson & Johnson||JNJ||59.89||60.15||59.55||59.77||14.3M|
|Procter & Gamble||PG||61.97||62.14||61.70||61.80||10.7M|
|International Business Machines||IBM||127.75||128.22||126.46||127.96||6.65M|
Exchange Rates of June 3rd, 2010
|US Dollar||Japanese Yen||1 USD = 92.570 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.041 CAD||1 CAD = 0.961 USD|
|US Dollar||Swiss Franc||1 USD = 1.157 CHF||1 CHF = 0.865 USD|
|US Dollar||Chinese Yuan||1 USD = 6.829 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 112.570 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.832 GBP||1 GBP = 1.202 EUR|
|Euro||Australian Dollar||1 EUR = 1.444 AUD||1 AUD = 0.692 EUR|
|Euro||Canadian Dollar||1 EUR = 1.266 CAD||1 CAD = 0.790 EUR|
|Euro||Swiss Franc||1 EUR = 1.407 CHF||1 CHF = 0.711 EUR|
|Euro||Chinese Yuan||1 EUR = 8.305 CNY||1 CNY = 0.120 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.739 GBP||1 GBP = 1.354 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.282 AUD||1 AUD = 0.780 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.124 CAD||1 CAD = 0.890 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.249 CHF||1 CHF = 0.801 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.736 AUD||1 AUD = 0.576 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.521 CAD||1 CAD = 0.657 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.691 CHF||1 CHF = 0.591 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.970 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.876 CAD||1 CAD = 1.141 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.974 CHF||1 CHF = 1.026 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.754 CNY||1 CNY = 0.174 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.111 CHF||1 CHF = 0.900 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.569 CNY||1 CNY = 0.152 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 5.903 CNY||1 CNY = 0.169 CHF|