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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.8225.8325.2425.2980.5M
General ElectricGE15.7315.7515.3715.4173.2M
PfizerPFE14.8414.8914.5014.5268.8M
IntelINTC20.9421.0320.2420.3165.4M
Cisco SystemsCSCO23.0123.2922.6822.7650.3M
JPMorgan ChaseJPM37.7938.1336.6636.7244.5M
Bristol-Myers SquibbBMY23.8524.3623.5323.8642.1M
AT&T Inc.T24.3324.6524.2124.3237.4M
Wells Fargo & Co.WFC28.0128.1127.2627.2937M
AppleAAPL258.29259.15250.55250.9431.7M
ExxonMobilXOM59.9860.4159.2059.3028.4M
Oracle Corp.ORCL22.1322.2921.6921.7025.7M
AltriaMO20.1620.2219.8219.8225.4M
Home DepotHD32.2632.4231.5031.5520.9M
ComcastCMCSA17.8017.8217.3517.3620.7M
Wal-Mart StoresWMT50.4651.3750.3250.7419.5M
Abbott LaboratoriesABT46.3446.6246.1946.2319.4M
Verizon CommunicationsVZ27.2727.3727.0827.0817.6M
UnitedHealth GroupUNH30.4731.0729.3230.4616.8M
ConocoPhillipsCOP50.3250.5349.5549.5915.7M
HP Inc.HPQ46.1846.4545.2145.2415.5M
Walt Disney & Co.DIS33.7034.0733.0133.0414.6M
SchlumbergerSLB55.8756.6054.1154.2314.1M
MerckMRK33.1933.5233.1033.3114.1M
Johnson & JohnsonJNJ58.1758.5558.0058.0013.8M
Gilead SciencesGILD34.8134.9934.3634.4413.2M
Procter & GamblePG60.7261.0760.5960.6213.2M
ChevronCVX71.6672.4971.1971.3512.3M
Coca-ColaKO51.2351.5050.7750.8010.1M
AmgenAMGN54.1754.2153.2053.519.96M
McDonald'sMCD66.6467.8266.2566.759.81M
United TechnologiesUTX65.2665.4563.1563.228.31M
PepsicoPEP61.3762.5661.2961.737.69M
VisaV72.0073.7871.5571.897.65M
AlphabetGOOGL499.06500.91483.15485.527.26M
International Business MachinesIBM125.57125.86124.13124.136.95M
AmazonAMZN125.84126.61121.67122.016.57M
3MMMM76.1676.8674.6974.745.95M
BoeingBA61.6961.7060.0760.115.92M
Berkshire HathawayBRK.B70.2970.9869.8070.045.46M
Union PacificUNP69.9469.9467.9868.103.81M
Exchange Rates of June 07, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.460 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.060 CAD1 CAD = 0.943 USD
US DollarSwiss Franc1 USD = 1.163 CHF1 CHF = 0.860 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 108.960 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.823 GBP1 GBP = 1.214 EUR
EuroAustralian Dollar1 EUR = 1.472 AUD1 AUD = 0.679 EUR
EuroCanadian Dollar1 EUR = 1.264 CAD1 CAD = 0.791 EUR
EuroSwiss Franc1 EUR = 1.386 CHF1 CHF = 0.721 EUR
EuroChinese Yuan1 EUR = 8.142 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.755 GBP1 GBP = 1.324 JPY
Japanese YenAustralian Dollar1 JPY = 1.349 AUD1 AUD = 0.741 JPY
Japanese YenCanadian Dollar1 JPY = 1.159 CAD1 CAD = 0.863 JPY
Japanese YenSwiss Franc1 JPY = 1.272 CHF1 CHF = 0.786 JPY
Pound SterlingAustralian Dollar1 GBP = 1.787 AUD1 AUD = 0.560 GBP
Pound SterlingCanadian Dollar1 GBP = 1.535 CAD1 CAD = 0.652 GBP
Pound SterlingSwiss Franc1 GBP = 1.683 CHF1 CHF = 0.594 GBP
Pound SterlingChinese Yuan1 GBP = 9.874 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.859 CAD1 CAD = 1.164 AUD
Australian DollarSwiss Franc1 AUD = 0.942 CHF1 CHF = 1.062 AUD
Australian DollarChinese Yuan1 AUD = 5.534 CNY1 CNY = 0.181 AUD
Canadian DollarSwiss Franc1 CAD = 1.096 CHF1 CHF = 0.912 CAD
Canadian DollarChinese Yuan1 CAD = 6.442 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 5.871 CNY1 CNY = 0.170 CHF

See what else happened on June 07, 2010