Financial news on July 08, 2011

Business and Financial news
Apollo Buys Corporate Credit Firm

The acquisition of Gulf Stream Asset Management will bolster the private-equity giant’s loan management business. Read more..

By DEALBOOK - The New York Times

Ethanol Subsidies Besieged

Pressure to cut the federal budget may outweigh support for the subsidies as consensus builds that the ethanol industry has achieved financial stability. Read more..

By CLIFFORD KRAUSS - The New York Times

European Central Bank Raises Rates as Expected

The bank is continuing to nudge the cost of money back to pre-crisis levels, despite heightened fears about Greek debt. Read more..

By JACK EWING and JULIA WERDIGIER - The New York Times

Ford Sued Over Patents for System That Allows Drivers to Connect Electronic Devices

Eagle Harbor Holdings said in a federal lawsuit that Ford infringed on seven of its patents. Read more..

By NICK BUNKLEY - The New York Times

Geico Uses Many Campaigns to Stand Out in a Crowd

A new campaign for the auto insurer focuses on saving money, a theme common to its other ads. Read more..

By STUART ELLIOTT - The New York Times

I.R.S. Drops Audits of Political Donors

The Internal Revenue Service abandoned forcing five big-ticket donors to pay gift taxes on contributions they made to nonprofit groups that are increasingly important in politics. Read more..

By STEPHANIE STROM - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

On an Island in Brazil, a Real Estate Boom Lingers

Local property values on Florianopolis have increased 8 percent to 10 percent during the last five years. Read more..

By NICK FOSTER - International Herald Tribune

The Fallout for the BSkyB Deal

As the British public and politicians queue to criticize Rupert Murdoch's media empire in the wake of a phone-hacking scandal, a proposed acquisition of broadcaster BSkyB by News Corp. may be killed. Read more..

Mac William Bishop - The New York Times

Wells Fargo to Settle Loans Lawsuit

Wells Fargo agreed to pay $125 million to pension funds that had accused it of misrepresenting loans related to mortgage pass-though certificates. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26,54 26,98 26,51 26,92 58.3M
General Electric GE 19,08 19,10 18,85 18,99 54.7M
Cisco Systems CSCO 15,76 15,90 15,56 15,74 50.3M
Pfizer PFE 20,13 20,29 20,11 20,16 41.9M
Intel INTC 22,96 23,20 22,81 23,09 35.8M
Wells Fargo & Co. WFC 28,28 28,40 28,06 28,30 24.1M
Oracle Corp. ORCL 33,74 33,95 33,42 33,94 23.9M
Comcast CMCSA 25,34 25,62 25,16 25,51 22.7M
JPMorgan Chase JPM 40,70 40,97 40,56 40,74 20.7M
AT&T Inc. T 31,05 31,29 31,02 31,14 18.6M
ExxonMobil XOM 81,58 82,53 81,47 82,42 18.3M
Apple AAPL 353,34 360,00 352,20 359,71 17.5M
HP Inc. HPQ 36,13 36,44 35,80 36,43 15.1M
Merck MRK 35,88 36,19 35,77 36,12 15M
Verizon Communications VZ 37,17 37,51 37,12 37,48 12.4M
Walt Disney & Co. DIS 39,51 39,98 39,20 39,91 11.8M
Abbott Laboratories ABT 53,25 53,45 52,93 53,33 10.7M
Altria MO 26,86 26,93 26,75 26,89 10.3M
ConocoPhillips COP 75,34 75,95 75,11 75,91 10.1M
General Motors GM 31,25 31,70 31,16 31,58 9.87M
Home Depot HD 36,61 36,69 36,31 36,62 9.82M
Alphabet GOOGL 532,95 537,65 527,27 531,99 9.53M
Bristol-Myers Squibb BMY 29,26 29,34 28,95 29,12 9.34M
Procter & Gamble PG 65,04 65,11 64,53 64,93 9.23M
Wal-Mart Stores WMT 54,25 54,32 53,77 54,08 9.13M
Johnson & Johnson JNJ 67,81 67,99 67,19 67,57 7.87M
UnitedHealth Group UNH 52,00 52,32 51,54 52,08 6.93M
Schlumberger SLB 88,38 90,29 88,22 89,96 6.41M
Coca-Cola KO 68,35 68,68 68,12 68,68 6.34M
Chevron CVX 105,45 106,00 105,07 105,89 6.33M
Pepsico PEP 70,01 70,39 69,47 69,93 6.02M
Visa V 88,97 90,15 88,40 89,73 5.2M
McDonald's MCD 85,60 85,90 85,25 85,60 5.2M
Gilead Sciences GILD 42,44 42,75 42,19 42,44 4.76M
United Technologies UTX 90,50 90,97 89,95 90,35 4.52M
International Business Machines IBM 175,49 176,49 175,01 176,49 4.4M
Boeing BA 75,58 75,58 74,57 75,07 4.05M
Amgen AMGN 57,76 58,30 57,36 57,64 4.04M
Amazon AMZN 214,30 218,32 213,25 218,28 3.71M
Berkshire Hathaway BRK.B 76,92 76,98 76,37 76,90 3.62M
Union Pacific UNP 105,24 105,86 103,46 104,30 3.4M
3M MMM 97,12 97,67 96,99 97,62 3.01M
Exchange Rates of July 08, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 80,660 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 0,963 CAD 1 CAD = 1,039 USD
US Dollar Swiss Franc 1 USD = 0,837 CHF 1 CHF = 1,195 USD
US Dollar Chinese Yuan 1 USD = 6,465 CNY 1 CNY = 0,155 USD
Euro Japanese Yen 1 EUR = 115,050 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,889 GBP 1 GBP = 1,125 EUR
Euro Australian Dollar 1 EUR = 1,325 AUD 1 AUD = 0,754 EUR
Euro Canadian Dollar 1 EUR = 1,371 CAD 1 CAD = 0,729 EUR
Euro Swiss Franc 1 EUR = 1,194 CHF 1 CHF = 0,838 EUR
Euro Chinese Yuan 1 EUR = 9,222 CNY 1 CNY = 0,108 EUR
Japanese Yen Pound Sterling 1 JPY = 0,772 GBP 1 GBP = 1,296 JPY
Japanese Yen Australian Dollar 1 JPY = 1,152 AUD 1 AUD = 0,868 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,193 CAD 1 CAD = 0,838 JPY
Japanese Yen Swiss Franc 1 JPY = 1,037 CHF 1 CHF = 0,965 JPY
Pound Sterling Australian Dollar 1 GBP = 1,493 AUD 1 AUD = 0,670 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,546 CAD 1 CAD = 0,647 GBP
Pound Sterling Swiss Franc 1 GBP = 1,343 CHF 1 CHF = 0,745 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,378 CNY 1 CNY = 0,096 GBP
Australian Dollar Canadian Dollar 1 AUD = 1,035 CAD 1 CAD = 0,966 AUD
Australian Dollar Swiss Franc 1 AUD = 0,900 CHF 1 CHF = 1,111 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,957 CNY 1 CNY = 0,144 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,870 CHF 1 CHF = 1,149 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,715 CNY 1 CNY = 0,149 CAD
Swiss Franc Chinese Yuan 1 CHF = 7,725 CNY 1 CNY = 0,129 CHF

See what else happened on July 08, 2011