Financial news on July 8th, 2009
Business and Financial news
The airplane maker said that it would buy a North Charleston, S.C., plant in an apparent effort to resolve supplier problems that have contributed to costly delays. Read more..
Potential bidders for the newspapers want more time to wait for the outcome of a concessions vote by members of the Boston Newspaper Guild. Read more..
The Commodity Futures Trading Commission is considering limits on energy traders to curb “excessive speculation.” But any rules born of such a narrow view are likely to be harmful. Read more..
With pornographic movies being sold online in chunks, moviemakers are now even less interested in story lines. Read more..
Many of the online radio stations had argued that the old rates were so high they were being forced out of business. Read more..
The potential perils of Washington’s staggering deficits are known, but trying to overcome them during a recession carries its own risks. Read more..
Talk of a second stimulus underscored worries the economy is doing worse than investors had hoped. The Dow fell 161 points. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 10.99 | 11.06 | 10.50 | 10.71 | 140M |
| Wells Fargo & Co. | WFC | 23.33 | 23.57 | 22.08 | 22.91 | 93.9M |
| Intel | INTC | 16.31 | 16.36 | 15.78 | 15.94 | 80.9M |
| Microsoft | MSFT | 22.31 | 22.69 | 22.00 | 22.56 | 73M |
| JPMorgan Chase | JPM | 32.93 | 33.49 | 31.79 | 32.71 | 71.8M |
| Oracle Corp. | ORCL | 20.21 | 20.79 | 19.79 | 20.57 | 55.8M |
| Cisco Systems | CSCO | 18.25 | 18.33 | 17.82 | 18.13 | 53.6M |
| Pfizer | PFE | 14.74 | 14.80 | 14.50 | 14.61 | 50.6M |
| Amgen | AMGN | 60.25 | 60.95 | 59.38 | 59.50 | 50M |
| AT&T Inc. | T | 24.15 | 24.16 | 23.33 | 23.54 | 34.1M |
| ConocoPhillips | COP | 39.81 | 40.08 | 38.62 | 39.44 | 30.1M |
| ExxonMobil | XOM | 66.56 | 67.13 | 65.50 | 66.26 | 30.1M |
| Comcast | CMCSA | 13.36 | 13.64 | 13.32 | 13.50 | 26.1M |
| Verizon Communications | VZ | 29.40 | 29.40 | 28.41 | 28.65 | 21.8M |
| Merck | MRK | 27.89 | 28.54 | 27.73 | 28.04 | 21.4M |
| Apple | AAPL | 135.92 | 138.04 | 134.42 | 137.22 | 20.6M |
| Abbott Laboratories | ABT | 45.50 | 46.49 | 45.50 | 46.31 | 19.5M |
| Wal-Mart Stores | WMT | 48.11 | 48.50 | 47.98 | 48.37 | 18.9M |
| Procter & Gamble | PG | 52.02 | 52.81 | 51.54 | 52.64 | 16.9M |
| Visa | V | 59.72 | 60.32 | 58.00 | 59.49 | 16M |
| Altria | MO | 16.42 | 16.46 | 16.29 | 16.40 | 15.5M |
| Johnson & Johnson | JNJ | 56.45 | 57.22 | 56.23 | 57.08 | 15.4M |
| HP Inc. | HPQ | 36.86 | 37.41 | 36.80 | 37.21 | 15.1M |
| Home Depot | HD | 22.38 | 22.75 | 22.29 | 22.66 | 14.7M |
| Walt Disney & Co. | DIS | 22.68 | 22.84 | 22.05 | 22.24 | 14.5M |
| Schlumberger | SLB | 49.42 | 50.07 | 48.13 | 49.84 | 12.9M |
| Pepsico | PEP | 56.09 | 56.13 | 54.52 | 54.85 | 12.1M |
| Chevron | CVX | 62.67 | 63.17 | 61.90 | 62.78 | 11.9M |
| UnitedHealth Group | UNH | 25.26 | 25.36 | 23.91 | 24.67 | 11.9M |
| Bristol-Myers Squibb | BMY | 19.81 | 19.84 | 19.45 | 19.68 | 11.1M |
| McDonald's | MCD | 57.10 | 57.19 | 56.44 | 57.04 | 10.8M |
| Coca-Cola | KO | 48.55 | 48.88 | 48.17 | 48.51 | 10.7M |
| Boeing | BA | 39.12 | 39.83 | 38.92 | 39.55 | 8.8M |
| Amazon | AMZN | 76.46 | 77.93 | 75.70 | 77.36 | 8.54M |
| Gilead Sciences | GILD | 45.74 | 45.83 | 44.76 | 44.92 | 8.53M |
| International Business Machines | IBM | 100.29 | 101.17 | 99.50 | 100.68 | 7.38M |
| United Technologies | UTX | 49.74 | 50.05 | 49.01 | 49.68 | 7M |
| Alphabet | GOOGL | 400.00 | 406.00 | 398.06 | 402.49 | 6.88M |
| 3M | MMM | 58.87 | 59.25 | 57.81 | 59.02 | 6.1M |
| Union Pacific | UNP | 49.13 | 49.50 | 47.47 | 48.89 | 4.32M |
| Berkshire Hathaway | BRK.B | 2834.50 | 2834.50 | 2756.00 | 2811.00 | 37.6K |
Exchange Rates of July 8th, 2009
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 92.670 JPY | 1 JPY = 0.011 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.167 CAD | 1 CAD = 0.857 USD |
| US Dollar | Swiss Franc | 1 USD = 1.090 CHF | 1 CHF = 0.917 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.832 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 128.590 JPY | 1 JPY = 0.008 EUR |
| Euro | Pound Sterling | 1 EUR = 0.864 GBP | 1 GBP = 1.158 EUR |
| Euro | Australian Dollar | 1 EUR = 1.779 AUD | 1 AUD = 0.562 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.618 CAD | 1 CAD = 0.618 EUR |
| Euro | Swiss Franc | 1 EUR = 1.513 CHF | 1 CHF = 0.661 EUR |
| Euro | Chinese Yuan | 1 EUR = 9.480 CNY | 1 CNY = 0.105 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.672 GBP | 1 GBP = 1.489 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.383 AUD | 1 AUD = 0.723 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.258 CAD | 1 CAD = 0.795 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.176 CHF | 1 CHF = 0.850 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.060 AUD | 1 AUD = 0.485 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.872 CAD | 1 CAD = 0.534 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.750 CHF | 1 CHF = 0.571 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.964 CNY | 1 CNY = 0.091 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.909 CAD | 1 CAD = 1.101 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.850 CHF | 1 CHF = 1.177 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 5.318 CNY | 1 CNY = 0.188 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.935 CHF | 1 CHF = 1.070 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 5.850 CNY | 1 CNY = 0.171 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.263 CNY | 1 CNY = 0.160 CHF |
See what else happened on July 8th, 2009