Financial news on July 07, 2010

Business and Financial news
AgBank I.P.O. Raises $19.2 Billion

Agricultural Bank of China raised $19.2 billion in an initial public offering that could grow to $22.1 billion — the largest in history. Read more..

By DEALBOOK - The New York Times

E.U. Bank Watchdogs Set to Detail Stress Tests

European Union bank regulators were expected to reveal on Wednesday how tough their health checks of the region’s banks will be, in the hope of restoring confidence to markets worried about ballooning public debt, Reuters reported. Read more..

By DEALBOOK - The New York Times

How I Saved My Company: Darn Tough Vermont

When manufacturing work started going overseas in search of low-cost labor, business fell off sharply. Read more..

By YOU'RE THE BOSS EDITORS - The New York Times

Live From Sun Valley, Day One

Greetings from verdant Sun Valley, where this year’s Allen & Company retreat for top media executives is well underway. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

New Report Values Facebook at $12 Billion

A week after an investment by Elevation Partners pegged Facebook’s value at $23 billion, a report by pre-I.P.O. analysts Next Up Research calculated the the social networking firm was worth only half that amount, VentureBeat reported. Read more..

By DEALBOOK - The New York Times

Nokia to Exit Wireless Modem Business

Nokia is selling the business to Renesas Electronics of Japan for $200 million, as stiff competition from Chinese companies has driven down prices for the products. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

Regulators Prepare to Dig Into Google-ITA Deal

Last week, Google announced a deal to acquire ITA, a Boston-area company that makes flight information software. The move will give Google a large foothold in the online travel search market, and control over a critical data source used by many of its competitors, including Kayak.com, Orbitz.com and Microsoft’s Bing. Read more..

By DEALBOOK - The New York Times

SonicWall Says Second Buyer No Longer Interested

SonicWall, the network security technology provider, said Tuesday a privately held rival, which the company calls ”Strategic Party D,” no longer wants to buy it. Read more..

By DEALBOOK - The New York Times

Tesla Motors Shares Drop Below Initial Sale Price

Shares of the high-end electric carmaker Tesla Motors fell on Tuesday beneath the stock’s initial public offering price after a stunning run-up last week, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

To Address Its Housing Shortage, Paris Cracks Down on Pied-à-Terre Rentals

Experts estimate that tens of thousands of Paris’s 1.3 million residences are being tied up by foreigners who bought them as vacation homes or investment properties. Read more..

By JEAN RAFFERTY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 13,99 14,66 13,96 14,62 91.7M
Microsoft MSFT 23,82 24,32 23,61 24,30 80M
Intel INTC 19,46 20,17 19,39 20,14 72.8M
Cisco Systems CSCO 21,49 22,49 21,45 22,48 70.5M
Pfizer PFE 14,31 14,63 14,20 14,62 54.3M
Wells Fargo & Co. WFC 25,28 26,73 25,14 26,66 48.8M
JPMorgan Chase JPM 36,64 38,24 36,41 38,15 44.6M
ExxonMobil XOM 57,37 58,45 57,26 58,43 41.8M
Oracle Corp. ORCL 22,70 23,12 22,60 23,09 36.7M
AT&T Inc. T 24,01 24,40 23,88 24,33 31.8M
Comcast CMCSA 17,80 17,87 17,53 17,84 26.9M
Apple AAPL 250,49 258,77 249,75 258,67 23.4M
Home Depot HD 27,49 28,09 27,31 28,01 21.8M
Verizon Communications VZ 26,12 26,53 25,99 26,52 20.7M
Abbott Laboratories ABT 46,74 47,77 46,59 47,71 19M
HP Inc. HPQ 43,23 45,06 43,15 44,96 18.3M
Altria MO 20,59 20,90 20,48 20,89 17.6M
Bristol-Myers Squibb BMY 25,24 25,88 25,13 25,80 17.4M
Johnson & Johnson JNJ 59,33 60,70 59,04 60,61 17.3M
Merck MRK 34,77 35,46 34,42 35,43 16.9M
Wal-Mart Stores WMT 48,66 48,97 48,16 48,92 16.2M
ConocoPhillips COP 49,27 51,26 49,27 51,16 15.8M
Chevron CVX 67,82 69,50 67,49 69,45 15.7M
Procter & Gamble PG 59,50 60,91 59,13 60,82 15.5M
Walt Disney & Co. DIS 31,73 33,17 31,66 33,14 14.3M
Schlumberger SLB 55,68 57,55 55,40 57,54 12.2M
Coca-Cola KO 50,54 51,59 50,30 51,47 11.7M
Gilead Sciences GILD 34,67 35,01 34,27 34,94 11.7M
Berkshire Hathaway BRK.B 77,76 79,99 77,16 79,92 9.98M
UnitedHealth Group UNH 28,98 29,25 28,80 29,20 8.98M
Amgen AMGN 51,76 51,90 50,56 51,40 7.57M
Pepsico PEP 61,60 63,08 61,27 62,93 7.3M
International Business Machines IBM 123,47 127,12 123,47 127,00 7.09M
McDonald's MCD 66,09 67,37 66,01 67,31 6.62M
Alphabet GOOGL 438,31 451,29 435,38 450,20 6.25M
Union Pacific UNP 67,71 70,31 67,13 70,24 5.4M
United Technologies UTX 64,60 66,59 64,56 66,55 5.26M
Visa V 72,68 74,92 72,15 74,82 5.22M
3M MMM 78,44 80,58 77,93 80,52 4.96M
Amazon AMZN 109,84 113,63 109,81 113,43 4.94M
Boeing BA 61,48 63,37 61,03 63,30 4.79M
Exchange Rates of July 07, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 87,760 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,048 CAD 1 CAD = 0,954 USD
US Dollar Swiss Franc 1 USD = 1,052 CHF 1 CHF = 0,950 USD
US Dollar Chinese Yuan 1 USD = 6,770 CNY 1 CNY = 0,148 USD
Euro Japanese Yen 1 EUR = 110,850 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,832 GBP 1 GBP = 1,202 EUR
Euro Australian Dollar 1 EUR = 1,464 AUD 1 AUD = 0,683 EUR
Euro Canadian Dollar 1 EUR = 1,324 CAD 1 CAD = 0,756 EUR
Euro Swiss Franc 1 EUR = 1,329 CHF 1 CHF = 0,753 EUR
Euro Chinese Yuan 1 EUR = 8,568 CNY 1 CNY = 0,117 EUR
Japanese Yen Pound Sterling 1 JPY = 0,750 GBP 1 GBP = 1,333 JPY
Japanese Yen Australian Dollar 1 JPY = 1,320 AUD 1 AUD = 0,758 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,193 CAD 1 CAD = 0,838 JPY
Japanese Yen Swiss Franc 1 JPY = 1,198 CHF 1 CHF = 0,835 JPY
Pound Sterling Australian Dollar 1 GBP = 1,759 AUD 1 AUD = 0,569 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,591 CAD 1 CAD = 0,629 GBP
Pound Sterling Swiss Franc 1 GBP = 1,597 CHF 1 CHF = 0,626 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,279 CNY 1 CNY = 0,097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,904 CAD 1 CAD = 1,106 AUD
Australian Dollar Swiss Franc 1 AUD = 0,907 CHF 1 CHF = 1,102 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,858 CNY 1 CNY = 0,171 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,003 CHF 1 CHF = 0,997 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,469 CNY 1 CNY = 0,155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,444 CNY 1 CNY = 0,155 CHF

See what else happened on July 07, 2010