Financial news on July 8th, 2011
Business and Financial news
The acquisition of Gulf Stream Asset Management will bolster the private-equity giant’s loan management business. Read more..
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..
The bank is continuing to nudge the cost of money back to pre-crisis levels, despite heightened fears about Greek debt. Read more..
Eagle Harbor Holdings said in a federal lawsuit that Ford infringed on seven of its patents. Read more..
A new campaign for the auto insurer focuses on saving money, a theme common to its other ads. Read more..
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..
Highlights from the DealBook newsletter. Read more..
Local property values on Florianopolis have increased 8 percent to 10 percent during the last five years. Read more..
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..
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..
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 8th, 2011
| Currencies | Exchange 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 8th, 2011