Financial news on June 03, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26.55 26.93 26.41 26.86 67.8M
Intel INTC 21.96 22.00 21.47 21.90 54.6M
General Electric GE 16.41 16.48 16.23 16.45 51.8M
Cisco Systems CSCO 23.49 23.77 23.27 23.72 49M
Pfizer PFE 15.24 15.34 15.12 15.23 34.2M
ExxonMobil XOM 61.23 62.01 60.60 61.56 32.4M
JPMorgan Chase JPM 39.86 39.94 38.62 39.10 31M
Wells Fargo & Co. WFC 29.36 29.48 28.52 28.86 30.9M
Oracle Corp. ORCL 22.71 22.95 22.54 22.84 28.6M
Schlumberger SLB 57.33 57.53 54.45 56.63 25.3M
AT&T Inc. T 24.88 24.93 24.61 24.80 23.6M
Apple AAPL 265.18 265.55 260.41 263.12 23.2M
Bristol-Myers Squibb BMY 22.85 23.18 22.73 22.88 21.8M
ConocoPhillips COP 52.75 52.80 51.52 51.98 18.2M
Walt Disney & Co. DIS 34.92 35.10 34.31 34.71 17.8M
Comcast CMCSA 18.34 18.45 18.14 18.40 17.3M
Verizon Communications VZ 27.67 27.79 27.47 27.64 17M
HP Inc. HPQ 47.45 47.72 47.07 47.48 16.8M
Home Depot HD 33.90 34.06 33.17 33.43 15.7M
Altria MO 20.52 20.60 20.40 20.59 14.9M
Chevron CVX 74.66 74.75 73.14 73.91 14.3M
Johnson & Johnson JNJ 59.89 60.15 59.55 59.77 14.3M
Merck MRK 34.43 34.56 33.99 34.29 13.1M
Coca-Cola KO 52.67 53.00 52.45 52.75 11.8M
Gilead Sciences GILD 35.85 36.32 35.59 35.90 11.2M
Procter & Gamble PG 61.97 62.14 61.70 61.80 10.7M
Wal-Mart Stores WMT 51.73 52.08 51.48 51.72 10.5M
Amgen AMGN 55.89 56.03 54.94 55.64 10.2M
Visa V 71.93 73.21 71.66 72.84 9.78M
Abbott Laboratories ABT 47.75 47.82 47.47 47.73 9.05M
UnitedHealth Group UNH 29.92 30.49 29.66 30.46 8.06M
3M MMM 79.29 79.76 77.66 78.34 7.88M
Alphabet GOOGL 495.11 508.00 494.70 505.60 7.29M
International Business Machines IBM 127.75 128.22 126.46 127.96 6.65M
Pepsico PEP 63.50 63.65 63.00 63.37 6.45M
Amazon AMZN 126.25 129.15 124.85 128.76 5.28M
McDonald's MCD 67.80 68.25 67.44 67.85 4.4M
Berkshire Hathaway BRK.B 72.40 72.65 71.30 72.34 4.12M
Union Pacific UNP 72.97 74.16 72.50 73.22 3.96M
United Technologies UTX 67.76 68.25 67.28 67.85 3.91M
Boeing BA 64.84 64.84 63.51 64.31 3.78M
Exchange Rates of June 03, 2010
CurrenciesExchange Rates
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

See what else happened on June 03, 2010