Financial news on July 5th, 2011

Business and Financial news
An Agency Builder, but Not Yet Its Leader

Opposition to naming Elizabeth Warren as chief of the new Consumer Financial Protection Bureau has been blunted by concerns that President Obama has yet to name anyone for the post. Read more..

By EDWARD WYATT - The New York Times

Argentina Hopes for a Big Payoff in Its Shale Oil Field Discovery

The widening use of new techniques to extract oil from shale is expected to help produce petroleum in other countries, as well. Read more..

By CLIFFORD KRAUSS - The New York Times

Bair Has Been Effective Watchdog at F.D.I.C.

Seven habits explain why Sheila C. Bair was effective as chairwoman of the Federal Deposit Insurance Corporation. Read more..

By ROB COX - The New York Times

Hackers Select a New Target: Other Hackers

In a fractious free-for-all, rival hackers engage in tit-for-tat attacks on each other, often for no better reason than to outwit the other guy. Read more..


Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

Nestlé in Acquisition Talks With China’s Biggest Confectioner

Hsu Fu Chi International said Monday that it is in talks with Nestlé and other foreign companies to form a partnership, but that no deal has been reached. Read more..

By DAVID BARBOZA - The New York Times

Profit Lag May Dampen Stock Rally

In a lackluster economy, the stock market and corporate profits have been two bright spots. That could change with a string of earnings reports in coming weeks. Read more..

By GRAHAM BOWLEY - The New York Times

S.&P. Warns Bank Plan Would Cause Greek Default

Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday. Read more..

By DAVID JOLLY - International Herald Tribune

Taking Flights Into the Unknown

A seatmate looked like a banker or someone in marketing. But no — she said she was in the X-rated entertainment business, and she wasn’t in production. Rather, she was a star. Read more..

By BOLAND T. JONES - The New York Times

The Paperless Cockpit

The tablet computers are digital substitutes in the cockpit for about 40 pounds of reference materials needed for the flight. Read more..

By KATE MURPHY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO15.8715.9215.5515.6744.4M
General ElectricGE19.2219.2518.9119.0441.9M
Wells Fargo & Co.WFC28.5228.5628.0828.4231.3M
JPMorgan ChaseJPM41.5141.5140.9741.0323.8M
Oracle Corp.ORCL33.0133.1432.7933.0621.4M
AT&T Inc.T31.7431.7831.5631.6320.9M
HP Inc.HPQ36.7837.0036.2736.4716.4M
Verizon CommunicationsVZ37.7437.8637.5537.8212.5M
Abbott LaboratoriesABT53.1053.3052.9353.1610.5M
Home DepotHD36.6336.8536.4336.599.94M
Johnson & JohnsonJNJ67.2967.6767.2567.629.77M
Walt Disney & Co.DIS39.7740.1839.6039.979.45M
Procter & GamblePG64.1064.5063.9564.269.22M
Wal-Mart StoresWMT53.3453.5653.0253.399.21M
Bristol-Myers SquibbBMY29.0329.2128.9929.169.08M
General MotorsGM30.8731.3630.5830.868.84M
UnitedHealth GroupUNH53.0853.1152.2752.854.82M
International Business MachinesIBM173.52175.43173.52175.434.59M
Gilead SciencesGILD41.8841.9941.4341.574.44M
United TechnologiesUTX89.8690.5789.2289.514.05M
Berkshire HathawayBRK.B77.8777.9876.9877.313.77M
Union PacificUNP106.61106.64105.18105.721.99M
Exchange Rates of July 5th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.080 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.963 CAD1 CAD = 1.038 USD
US DollarSwiss Franc1 USD = 0.841 CHF1 CHF = 1.189 USD
US DollarChinese Yuan1 USD = 6.468 CNY1 CNY = 0.155 USD
EuroJapanese Yen1 EUR = 116.940 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.897 GBP1 GBP = 1.114 EUR
EuroAustralian Dollar1 EUR = 1.350 AUD1 AUD = 0.741 EUR
EuroCanadian Dollar1 EUR = 1.389 CAD1 CAD = 0.720 EUR
EuroSwiss Franc1 EUR = 1.213 CHF1 CHF = 0.825 EUR
EuroChinese Yuan1 EUR = 9.330 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.767 GBP1 GBP = 1.303 JPY
Japanese YenAustralian Dollar1 JPY = 1.154 AUD1 AUD = 0.867 JPY
Japanese YenCanadian Dollar1 JPY = 1.187 CAD1 CAD = 0.842 JPY
Japanese YenSwiss Franc1 JPY = 1.037 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 1.503 AUD1 AUD = 0.665 GBP
Pound SterlingCanadian Dollar1 GBP = 1.547 CAD1 CAD = 0.646 GBP
Pound SterlingSwiss Franc1 GBP = 1.351 CHF1 CHF = 0.740 GBP
Pound SterlingChinese Yuan1 GBP = 10.389 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 1.029 CAD1 CAD = 0.972 AUD
Australian DollarSwiss Franc1 AUD = 0.898 CHF1 CHF = 1.113 AUD
Australian DollarChinese Yuan1 AUD = 6.912 CNY1 CNY = 0.145 AUD
Canadian DollarSwiss Franc1 CAD = 0.873 CHF1 CHF = 1.145 CAD
Canadian DollarChinese Yuan1 CAD = 6.716 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 7.691 CNY1 CNY = 0.130 CHF

See what else happened on July 5th, 2011