Financial news on June 07, 2010

Business and Financial news
2 Medical Companies Near Merger

Grifols, a Spanish pharmaceutical company, is said to have agreed to buy Talecris Biotherapeutics, an American biotech firm. Read more..

By THE NEW YORK TIMES - The New York Times

App Makers Worry as Data Plans Are Capped

As AT&T adopts tiered pricing, developers wonder whether consumers will lose their appetite for innovative features and bandwidth-heavy video. Read more..

By CLAIRE CAIN MILLER and BRAD STONE - The New York Times

Carlyle Chief: Buyout Business on Upswing

David M. Rubenstein, the co-founder of the Carlyle Group, is apparently feeling pretty optimistic about the private equity industry these days. Read more..

By DEALBOOK - The New York Times

Changing the Course at Newsweek

It’s easy to throw rocks at an industry dealing with a digital competition and a fractured culture. Here are a few (helpful) ideas. Read more..

By DAVID CARR - The New York Times

Kroll-Altegrity: A Reunion of Sorts

Monday’s announcement of a merger of Altegrity and Kroll marked a homecoming of sorts for executives at the two security consulting firms. Read more..

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

More Americans Sense a Downside to an Always Plugged-In Existence

Polls show that a number of Americans, particularly younger ones, are feeling negative effects from heavy computer and smartphone use. Read more..

By MARJORIE CONNELLY - The New York Times

Morgan Stanley Starts Cross-Selling Push

Cross-selling is the way forward for Morgan Stanley, as the bank has launched an initiative to narrow the gap between it and its higher earning rivals such as Goldman Sachs and JPMorgan Chase, The Financial Times reports. Read more..

By DEALBOOK - The New York Times

Reliance of India Approves Plan to Sell a 26% Stake

One company interested in the stake is the U.S. telecommunications giant AT&T, which is in preliminary talks with Reliance. Read more..

By HEATHER TIMMONS - The New York Times

Tensions Simmered in Zappos Sale to Amazon

Zappos.com initially didn’t want to sell itself to Amazon.com last year, but pressures from backer Sequoia Capital forced the shoe retailer’s hand, its chief executive writes at Inc. Read more..

By DEALBOOK - The New York Times

This Flight to Safety Wasn’t Supposed to Happen

When Treasury bonds are hotter than stocks, it’s a sign that something is very wrong with the stock market, Jeff Sommer writes in The New York Times. 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 25,82 25,83 25,24 25,29 80.5M
General Electric GE 15,73 15,75 15,37 15,41 73.2M
Pfizer PFE 14,84 14,89 14,50 14,52 68.8M
Intel INTC 20,94 21,03 20,24 20,31 65.4M
Cisco Systems CSCO 23,01 23,29 22,68 22,76 50.3M
JPMorgan Chase JPM 37,79 38,13 36,66 36,72 44.5M
Bristol-Myers Squibb BMY 23,85 24,36 23,53 23,86 42.1M
AT&T Inc. T 24,33 24,65 24,21 24,32 37.4M
Wells Fargo & Co. WFC 28,01 28,11 27,26 27,29 37M
Apple AAPL 258,29 259,15 250,55 250,94 31.7M
ExxonMobil XOM 59,98 60,41 59,20 59,30 28.4M
Oracle Corp. ORCL 22,13 22,29 21,69 21,70 25.7M
Altria MO 20,16 20,22 19,82 19,82 25.4M
Home Depot HD 32,26 32,42 31,50 31,55 20.9M
Comcast CMCSA 17,80 17,82 17,35 17,36 20.7M
Wal-Mart Stores WMT 50,46 51,37 50,32 50,74 19.5M
Abbott Laboratories ABT 46,34 46,62 46,19 46,23 19.4M
Verizon Communications VZ 27,27 27,37 27,08 27,08 17.6M
UnitedHealth Group UNH 30,47 31,07 29,32 30,46 16.8M
ConocoPhillips COP 50,32 50,53 49,55 49,59 15.7M
HP Inc. HPQ 46,18 46,45 45,21 45,24 15.5M
Walt Disney & Co. DIS 33,70 34,07 33,01 33,04 14.6M
Schlumberger SLB 55,87 56,60 54,11 54,23 14.1M
Merck MRK 33,19 33,52 33,10 33,31 14.1M
Johnson & Johnson JNJ 58,17 58,55 58,00 58,00 13.8M
Gilead Sciences GILD 34,81 34,99 34,36 34,44 13.2M
Procter & Gamble PG 60,72 61,07 60,59 60,62 13.2M
Chevron CVX 71,66 72,49 71,19 71,35 12.3M
Coca-Cola KO 51,23 51,50 50,77 50,80 10.1M
Amgen AMGN 54,17 54,21 53,20 53,51 9.96M
McDonald's MCD 66,64 67,82 66,25 66,75 9.81M
United Technologies UTX 65,26 65,45 63,15 63,22 8.31M
Pepsico PEP 61,37 62,56 61,29 61,73 7.69M
Visa V 72,00 73,78 71,55 71,89 7.65M
Alphabet GOOGL 499,06 500,91 483,15 485,52 7.26M
International Business Machines IBM 125,57 125,86 124,13 124,13 6.95M
Amazon AMZN 125,84 126,61 121,67 122,01 6.57M
3M MMM 76,16 76,86 74,69 74,74 5.95M
Boeing BA 61,69 61,70 60,07 60,11 5.92M
Berkshire Hathaway BRK.B 70,29 70,98 69,80 70,04 5.46M
Union Pacific UNP 69,94 69,94 67,98 68,10 3.81M
Exchange Rates of June 07, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91,460 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,060 CAD 1 CAD = 0,943 USD
US Dollar Swiss Franc 1 USD = 1,163 CHF 1 CHF = 0,860 USD
US Dollar Chinese Yuan 1 USD = 6,833 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 108,960 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,823 GBP 1 GBP = 1,214 EUR
Euro Australian Dollar 1 EUR = 1,472 AUD 1 AUD = 0,679 EUR
Euro Canadian Dollar 1 EUR = 1,264 CAD 1 CAD = 0,791 EUR
Euro Swiss Franc 1 EUR = 1,386 CHF 1 CHF = 0,721 EUR
Euro Chinese Yuan 1 EUR = 8,142 CNY 1 CNY = 0,123 EUR
Japanese Yen Pound Sterling 1 JPY = 0,755 GBP 1 GBP = 1,324 JPY
Japanese Yen Australian Dollar 1 JPY = 1,349 AUD 1 AUD = 0,741 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,159 CAD 1 CAD = 0,863 JPY
Japanese Yen Swiss Franc 1 JPY = 1,272 CHF 1 CHF = 0,786 JPY
Pound Sterling Australian Dollar 1 GBP = 1,787 AUD 1 AUD = 0,560 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,535 CAD 1 CAD = 0,652 GBP
Pound Sterling Swiss Franc 1 GBP = 1,683 CHF 1 CHF = 0,594 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,874 CNY 1 CNY = 0,101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,859 CAD 1 CAD = 1,164 AUD
Australian Dollar Swiss Franc 1 AUD = 0,942 CHF 1 CHF = 1,062 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,534 CNY 1 CNY = 0,181 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,096 CHF 1 CHF = 0,912 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,442 CNY 1 CNY = 0,155 CAD
Swiss Franc Chinese Yuan 1 CHF = 5,871 CNY 1 CNY = 0,170 CHF

See what else happened on June 07, 2010