Financial news on June 7th, 2012

Business and Financial news
A Problem of Distribution

India holds the second-largest stockpile of surplus grain in the world, after China. Yet advocates say that more than 252 million poor Indian residents reap few benefits and often go hungry. Read more..

Karishma Vyas and Vikas Bajaj - The New York Times

Business Day Live | June 7, 2012

Nasdaq tries to quell anger over bungled Facebook I.P.O. | I.B.M. makes deal with New York City to increase solar energy usage. | Cutting pensions in California. Read more..

Nadia Sussman, Pedro Rosado, Channon Hodge and Mac William Bishop - The New York Times

Business Day Live | Nasdaq Settlement

June 7, 2012 — Nasdaq tries to quell anger over bungled Facebook I.P.O. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

China Cuts Lending Rate as Its Economic Growth Slows

The central bank’s action is the strongest measure taken by Chinese officials this year to counteract the economic malaise that has already infected Europe and the United States. Read more..

By KEITH BRADSHER - The New York Times

Deep River Cleanup

The business strategist Carol Roth evaluates an illustrative pitch for a technology start-up. Read more..

None None - The New York Times

DNA Blueprint for Fetus Built Using Tests of Parents

Researchers put together most of a fetus’s genome using a mother’s blood and father’s saliva, heralding an era when parents might know much more about a child long before its birth. Read more..

By ANDREW POLLACK - The New York Times

Fed Survey Shows Economy Growing Modestly

Survey of regional economic conditions in Federal Reserve's 12 districts finds the economy grew moderately in most regions of the country from April 3 through May 25. Read more..


Halliburton Warns of Lower Profit Margins

The oilfield services company attributed the decline to a shortage of guar beans from India, which are used in hydraulic fracturing fluids by drillers. Read more..

By REUTERS - The New York Times

Some Final Thoughts on a Booming Industry

Bob Tedeschi App Smart column offers suggestions on how to improve the chaotic app-buying process. Read more..

By BOB TEDESCHI - The New York Times

The Technology in Our Lives, and How to Make It Work Better

Sam Grobart Tool Kit column contends that although technology is supposed to make life easier, it often comes with layers of jargon, settings and hardware adjustments; presents answers to some tech questions. Read more..

By SAM GROBART - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.0919.2018.9019.00139M
JPMorgan ChaseJPM33.7733.8332.8032.8153.9M
AT&T Inc.T34.7234.7434.1634.1642.4M
Cisco SystemsCSCO16.8816.9216.5316.5834.3M
Oracle Corp.ORCL27.7527.7627.1827.1832.9M
Wells Fargo & Co.WFC31.4531.5831.1431.1828.9M
Home DepotHD51.1251.6250.9151.2420.7M
Verizon CommunicationsVZ41.8041.8841.3041.6417.1M
Abbott LaboratoriesABT61.3661.5861.0361.2016.4M
Bristol-Myers SquibbBMY34.1734.3134.1034.2515.4M
HP Inc.HPQ22.5022.7522.0122.0614.3M
Procter & GamblePG62.0862.8461.7262.7613.9M
Johnson & JohnsonJNJ63.1863.2062.5162.8013M
Wal-Mart StoresWMT66.0866.0865.7865.8712.5M
Walt Disney & Co.DIS45.8446.2345.5345.6310.2M
UnitedHealth GroupUNH57.8058.3957.4057.457.25M
General MotorsGM22.1122.3821.7621.855.95M
United TechnologiesUTX74.9376.0974.6975.405.74M
Berkshire HathawayBRK.B80.8981.2580.3880.664.6M
International Business MachinesIBM195.28195.83193.94194.443.7M
Gilead SciencesGILD49.7549.8949.0049.003.55M
Union PacificUNP112.18113.00110.04110.282.47M
Exchange Rates of June 7th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 79.640 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.028 CAD1 CAD = 0.973 USD
US DollarSwiss Franc1 USD = 0.956 CHF1 CHF = 1.046 USD
US DollarChinese Yuan1 USD = 6.364 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 100.070 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.809 GBP1 GBP = 1.237 EUR
EuroAustralian Dollar1 EUR = 1.270 AUD1 AUD = 0.788 EUR
EuroCanadian Dollar1 EUR = 1.291 CAD1 CAD = 0.775 EUR
EuroSwiss Franc1 EUR = 1.201 CHF1 CHF = 0.833 EUR
EuroChinese Yuan1 EUR = 8.000 CNY1 CNY = 0.125 EUR
Japanese YenPound Sterling1 JPY = 0.808 GBP1 GBP = 1.238 JPY
Japanese YenAustralian Dollar1 JPY = 1.268 AUD1 AUD = 0.789 JPY
Japanese YenCanadian Dollar1 JPY = 1.290 CAD1 CAD = 0.775 JPY
Japanese YenSwiss Franc1 JPY = 1.200 CHF1 CHF = 0.833 JPY
Pound SterlingAustralian Dollar1 GBP = 1.570 AUD1 AUD = 0.637 GBP
Pound SterlingCanadian Dollar1 GBP = 1.596 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.485 CHF1 CHF = 0.673 GBP
Pound SterlingChinese Yuan1 GBP = 9.889 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 1.017 CAD1 CAD = 0.983 AUD
Australian DollarSwiss Franc1 AUD = 0.945 CHF1 CHF = 1.058 AUD
Australian DollarChinese Yuan1 AUD = 6.298 CNY1 CNY = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 0.930 CHF1 CHF = 1.076 CAD
Canadian DollarChinese Yuan1 CAD = 6.195 CNY1 CNY = 0.161 CAD
Swiss FrancChinese Yuan1 CHF = 6.660 CNY1 CNY = 0.150 CHF

See what else happened on June 7th, 2012