Financial news on June 07, 2016

Business and Financial news
Hotels Aim to Stand Out With Local Art

Hotel brand managers are working to integrate works by local artists into hotel decor; cite increased desire among consumers for unique experience and local flavor, saying trend mirrors shift toward local foods in restaurant industry. Read more..

By MARTHA C. WHITE - The New York Times

If Mark Zuckerberg Can Be Hacked on Twitter, So Can You

A key lesson from a data breach of Mark Zuckerberg’s social media accounts: Quit using the same password for multiple websites. Read more..

By KATIE ROGERS - The New York Times

Law Firm Salaries Jump for the First Time in Nearly a Decade

Law firm Cravath, Swaine & Moore raises annual salary of first-year lawyers to $180,000 from $160,000; also raises salary for other associates; increase, first of its kind in almost ten years, will likely push other prestigious firms to follow suit or risk losing top recruits. Read more..

By ELIZABETH OLSON - The New York Times

Questions Surround Sumner Redstone’s New Team of Representatives

Wishes of elderly media mogul Sumner M Redstone are being communicated by new team of representatives that includes lawyer Michael C Tu; executives at Viacom, having brought action challenging Redstone's mental competency, allege that new lieutenants have not actually met with him and are instead pursuing interests of Redstone’s daughter, Shari; hearing on action is set to begin. Read more..

By EMILY STEEL - The New York Times

Regulators Fear $1 Billion Coal Cleanup Bill

Officials fear bankrupt coal companies are not setting aside enough to clean up Appalachia’s polluted rivers and mountains, and financial burden will be put on taxpayers; environmentalists and even insurers plead that coal companies be required to set aside more cash for environmental issues before they are allowed to emerge from bankruptcy; case of Alpha Natural Resources cited. Read more..

By MICHAEL CORKERY - The New York Times

Rothschild & Company to Acquire Compagnie Financière Martin Maurel

The combination of their private banking and asset management operations in France would create a bank with $39 billion in assets under management. Read more..

By CHAD BRAY - The New York Times

Spotify Hires Troy Carter as a Liaison With Artists

Spotify hires Troy Carter, former manager of Lady Gaga, as global head of creative services; Carter is expected to act as central liaison with music business and artists while Spotify ramps up competition with rival streaming services. Read more..

By BEN SISARIO - The New York Times

The Challenges of Closing the Digital Divide

Mignon Clyburn, an F.C.C. commissioner, discusses the agency’s efforts to bring broadband to low-income individuals and rural areas. Read more..

By CECILIA KANG - The New York Times

The Spanish Town That Runs on Twitter

Jun, on the outskirts of Granada and with a population of 3,500, has turned to the social network to help the town provide many public services. Read more..

By MARK SCOTT - The New York Times

Who Decides ‘Fair Value?’ In Dell’s Case, a Judge

Andrew Ross Sorkin Dealbook column explains how Delaware court decision regarding 2013 buyout of Dell Inc impacts corporations, investors and legal industry. Read more..

By ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 30,14 30,41 30,13 30,14 25.7M
AT&T Inc. T 39,37 39,89 39,33 39,79 24.9M
Pfizer PFE 34,84 34,99 34,75 34,84 23.5M
Apple AAPL 99,25 99,87 98,96 99,03 22.4M
Cisco Systems CSCO 28,90 29,35 28,82 29,07 21.6M
Microsoft MSFT 52,24 52,73 52,10 52,10 20.9M
Oracle Corp. ORCL 39,55 39,75 39,05 39,13 20M
Intel INTC 31,75 32,02 31,70 31,88 19.3M
Facebook FB 119,24 119,30 117,67 117,76 17.1M
Wells Fargo & Co. WFC 50,73 50,73 50,27 50,27 15.3M
Verizon Communications VZ 50,60 51,99 50,60 51,75 15.2M
General Motors GM 30,16 30,38 29,95 30,24 14.4M
ExxonMobil XOM 89,75 90,92 89,71 90,71 12.9M
ConocoPhillips COP 45,97 47,57 45,80 47,54 11.2M
Abbott Laboratories ABT 39,12 39,28 38,92 38,93 10.2M
JPMorgan Chase JPM 65,45 65,74 65,04 65,06 9.92M
Coca-Cola KO 45,35 45,48 45,20 45,32 9.81M
Chevron CVX 101,84 103,70 101,61 103,32 9.81M
HP Inc. HPQ 13,70 13,80 13,61 13,69 9.55M
Schlumberger SLB 79,45 80,37 79,28 80,10 8.55M
Gilead Sciences GILD 87,54 88,24 86,90 87,50 7.92M
Wal-Mart Stores WMT 71,10 71,31 70,85 71,03 7.36M
Johnson & Johnson JNJ 116,01 116,23 115,45 115,73 6.42M
Comcast CMCSA 63,35 63,68 63,19 63,25 6.41M
Procter & Gamble PG 82,76 82,89 82,25 82,32 6.33M
Merck MRK 57,20 57,44 56,92 57,00 6.25M
Walt Disney & Co. DIS 99,00 99,04 98,32 98,35 5.61M
Visa V 80,70 81,00 80,54 80,60 5.52M
Bristol-Myers Squibb BMY 74,24 74,65 73,69 73,91 5.04M
McDonald's MCD 122,34 123,38 121,90 121,90 4.56M
International Business Machines IBM 153,31 153,93 152,66 153,33 4.46M
Home Depot HD 129,38 130,80 129,32 129,92 4.43M
Boeing BA 132,41 133,39 131,82 131,93 4.42M
Altria MO 65,22 65,44 64,97 65,10 4.18M
Pepsico PEP 102,82 103,18 102,28 102,49 4.08M
Union Pacific UNP 86,68 88,08 86,68 87,57 3.82M
UnitedHealth Group UNH 138,16 138,50 136,88 136,94 2.94M
Amazon AMZN 729,89 730,00 720,55 723,74 2.73M
Berkshire Hathaway BRK.B 142,16 142,49 141,39 141,41 2.73M
United Technologies UTX 101,78 102,40 101,45 101,45 2.54M
Amgen AMGN 159,13 159,64 158,28 158,89 1.9M
3M MMM 170,25 171,49 170,22 170,91 1.72M
Alphabet GOOGL 733,27 736,71 730,80 731,09 1.22M
Exchange Rates of June 07, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0,880 EUR 1 EUR = 1,136 USD
US Dollar Japanese Yen 1 USD = 107,279 JPY 1 JPY = 0,009 USD
US Dollar Pound Sterling 1 USD = 0,688 GBP 1 GBP = 1,454 USD
US Dollar Australian Dollar 1 USD = 1,342 AUD 1 AUD = 0,745 USD
US Dollar Canadian Dollar 1 USD = 1,275 CAD 1 CAD = 0,784 USD
US Dollar Swiss Franc 1 USD = 0,965 CHF 1 CHF = 1,036 USD
US Dollar Chinese Yuan 1 USD = 6,571 CNY 1 CNY = 0,152 USD
US Dollar Mexican Peso 1 USD = 18,386 MXN 1 MXN = 0,054 USD
US Dollar Swidish Krona 1 USD = 8,128 SEK 1 SEK = 0,123 USD
Euro Japanese Yen 1 EUR = 121,819 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,781 GBP 1 GBP = 1,280 EUR
Euro Australian Dollar 1 EUR = 1,524 AUD 1 AUD = 0,656 EUR
Euro Canadian Dollar 1 EUR = 1,448 CAD 1 CAD = 0,691 EUR
Euro Swiss Franc 1 EUR = 1,096 CHF 1 CHF = 0,912 EUR
Euro Chinese Yuan 1 EUR = 7,462 CNY 1 CNY = 0,134 EUR
Euro Mexican Peso 1 EUR = 20,878 MXN 1 MXN = 0,048 EUR
Euro Swidish Krona 1 EUR = 9,231 SEK 1 SEK = 0,108 EUR
Japanese Yen Pound Sterling 1 JPY = 0,006 GBP 1 GBP = 156,250 JPY
Japanese Yen Australian Dollar 1 JPY = 0,013 AUD 1 AUD = 80,000 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,012 CAD 1 CAD = 84,034 JPY
Japanese Yen Swiss Franc 1 JPY = 0,009 CHF 1 CHF = 111,111 JPY
Japanese Yen Chinese Yuan 1 JPY = 0,061 CNY 1 CNY = 16,340 JPY
Japanese Yen Mexican Peso 1 JPY = 0,171 MXN 1 MXN = 5,834 JPY
Japanese Yen Swidish Krona 1 JPY = 0,076 SEK 1 SEK = 13,210 JPY
Pound Sterling Australian Dollar 1 GBP = 1,951 AUD 1 AUD = 0,513 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,854 CAD 1 CAD = 0,539 GBP
Pound Sterling Swiss Franc 1 GBP = 1,403 CHF 1 CHF = 0,713 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,553 CNY 1 CNY = 0,105 GBP
Pound Sterling Mexican Peso 1 GBP = 26,729 MXN 1 MXN = 0,037 GBP
Pound Sterling Swidish Krona 1 GBP = 11,819 SEK 1 SEK = 0,085 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,950 CAD 1 CAD = 1,053 AUD
Australian Dollar Swiss Franc 1 AUD = 0,719 CHF 1 CHF = 1,390 AUD
Australian Dollar Chinese Yuan 1 AUD = 4,897 CNY 1 CNY = 0,204 AUD
Australian Dollar Mexican Peso 1 AUD = 13,698 MXN 1 MXN = 0,073 AUD
Australian Dollar Swidish Krona 1 AUD = 6,055 SEK 1 SEK = 0,165 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,757 CHF 1 CHF = 1,321 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5,152 CNY 1 CNY = 0,194 CAD
Canadian Dollar Mexican Peso 1 CAD = 14,417 MXN 1 MXN = 0,069 CAD
Canadian Dollar Swidish Krona 1 CAD = 6,371 SEK 1 SEK = 0,157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,806 CNY 1 CNY = 0,147 CHF
Swiss Franc Mexican Peso 1 CHF = 19,043 MXN 1 MXN = 0,053 CHF
Swiss Franc Swidish Krona 1 CHF = 8,420 SEK 1 SEK = 0,119 CHF
Chinese Yuan Swidish Krona 1 CNY = 1,237 SEK 1 SEK = 0,808 CNY

See what else happened on June 07, 2016