Financial news on July 7th, 2011

Business and Financial news
A Wave of Chinese Money Gives a Lift to Companies Struggling in Tough Times

Chinese investment in American companies amounted to $5 billion in 2010 and is expected to rise; for some smaller companies, it has been a lifeline. Read more..

By JAMES FLANIGAN - The New York Times

Boating Apps Help Sailors Get There and Back Again

The software can show the tides and weather, offers charts and helps with the accounting of boat ownership. Read more..

By BOB TEDESCHI - The New York Times

F.D.I.C. Rule Puts at Risk 2 Years of Executives’ Pay

The F.D.I.C. rule enables federal regulators to recoup money paid to Wall Street executives if they are responsible for the collapse of a financial firm. Read more..

By REUTERS - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

Options Abound to Protect the iPad

The iPad 2’s popular Smart Cover protects only the front. If you want to cover the back too, there are many offerings to choose from. Read more..

By MICKEY MEECE - The New York Times

U.S. Backs Project to Produce Fuel From Corn Waste

A $105 million loan guarantee will help expand an ethanol factory in Emmetsburg, Iowa, that could become the first commercial-scale plant of its kind. Read more..

By MATTHEW L. WALD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO15,6415,9915,6115,9070.2M
General ElectricGE19,2319,4519,1419,3045M
Oracle Corp.ORCL33,4734,1333,4034,0929.9M
Wells Fargo & Co.WFC28,6928,9428,5828,6628.9M
JPMorgan ChaseJPM41,1941,7941,1041,3228.6M
AT&T Inc.T31,2531,3131,0731,2322M
HP Inc.HPQ36,4736,5936,3336,4516M
Verizon CommunicationsVZ37,7037,7037,1837,4215.4M
General MotorsGM31,7932,0831,6531,8013.3M
Wal-Mart StoresWMT54,5754,8154,1954,4912.8M
Bristol-Myers SquibbBMY29,3729,4129,1529,3711.5M
Abbott LaboratoriesABT53,4953,6053,2453,5410.3M
Walt Disney & Co.DIS39,8540,0639,7339,7410.2M
Home DepotHD36,8237,2536,7537,059.85M
Procter & GamblePG64,9865,1464,7264,958.97M
Johnson & JohnsonJNJ67,8268,0567,4067,928.42M
UnitedHealth GroupUNH53,2853,5051,9752,637.56M
United TechnologiesUTX91,0191,8390,7691,396.31M
International Business MachinesIBM176,78177,27176,12176,485.91M
Gilead SciencesGILD42,4742,7042,3442,695.39M
Berkshire HathawayBRK.B77,1377,9676,8677,774.17M
Union PacificUNP107,72107,89105,67106,253M
Exchange Rates of July 7th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81,220 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 0,959 CAD1 CAD = 1,043 USD
US DollarSwiss Franc1 USD = 0,845 CHF1 CHF = 1,184 USD
US DollarChinese Yuan1 USD = 6,467 CNY1 CNY = 0,155 USD
EuroJapanese Yen1 EUR = 116,610 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,899 GBP1 GBP = 1,112 EUR
EuroAustralian Dollar1 EUR = 1,333 AUD1 AUD = 0,750 EUR
EuroCanadian Dollar1 EUR = 1,377 CAD1 CAD = 0,726 EUR
EuroSwiss Franc1 EUR = 1,213 CHF1 CHF = 0,824 EUR
EuroChinese Yuan1 EUR = 9,284 CNY1 CNY = 0,108 EUR
Japanese YenPound Sterling1 JPY = 0,771 GBP1 GBP = 1,298 JPY
Japanese YenAustralian Dollar1 JPY = 1,142 AUD1 AUD = 0,876 JPY
Japanese YenCanadian Dollar1 JPY = 1,180 CAD1 CAD = 0,847 JPY
Japanese YenSwiss Franc1 JPY = 1,040 CHF1 CHF = 0,962 JPY
Pound SterlingAustralian Dollar1 GBP = 1,482 AUD1 AUD = 0,675 GBP
Pound SterlingCanadian Dollar1 GBP = 1,531 CAD1 CAD = 0,653 GBP
Pound SterlingSwiss Franc1 GBP = 1,349 CHF1 CHF = 0,741 GBP
Pound SterlingChinese Yuan1 GBP = 10,322 CNY1 CNY = 0,097 GBP
Australian DollarCanadian Dollar1 AUD = 1,033 CAD1 CAD = 0,968 AUD
Australian DollarSwiss Franc1 AUD = 0,910 CHF1 CHF = 1,099 AUD
Australian DollarChinese Yuan1 AUD = 6,966 CNY1 CNY = 0,144 AUD
Canadian DollarSwiss Franc1 CAD = 0,881 CHF1 CHF = 1,135 CAD
Canadian DollarChinese Yuan1 CAD = 6,743 CNY1 CNY = 0,148 CAD
Swiss FrancChinese Yuan1 CHF = 7,652 CNY1 CNY = 0,131 CHF

See what else happened on July 7th, 2011