Financial news on July 08, 2014

Business and Financial news
After Arrest of Accused Hacker, Russia Accuses U.S. of Kidnapping

After U.S. officials arrested the son of a Russian lawmaker in Guam on an array of hacking charges Saturday, Russians accused the U.S. of kidnapping and violating bilateral treaties. Read more..

By NICOLE PERLROTH - The New York Times

As the Cupcake Declines, Crumbs Shuts Its Doors

Crumbs went public on the Nasdaq stock exchange in 2011 with great fanfare and ambitious expansion plans. But since then, shares of Crumbs have steadily fallen and its revenue has declined. Read more..

By SYDNEY EMBER - The New York Times

Daily Report: Samsung Forecasts a Profit Decline as Smartphone Sales Ease

The company predicted a profit of $7.1 billion for the three months ended June 30, which would be a 24 percent decline from the period a year earlier, blaming slower sales and increased competition in China. Read more..

By THE NEW YORK TIMES - The New York Times

Homeowners Get $3.1. Billion in Pact With Mortgage Banks

Report by the Federal Reserve says that homeowners have received $3.1 billion in cash under a federal settlement with 13 big banks over allegations of misconduct in processing mortgages that may have resulted in wrongful foreclosures. Read more..

By THE ASSOCIATED PRESS - The New York Times

Jeffrey Mayer of Deutsche Bank to Depart for Cerberus

With big banks facing increased scrutiny in the aftermath of the financial crisis, a number of bankers have found attractive opportunities at private equity firms. Read more..

By WILLIAM ALDEN - The New York Times

Prosecutors' Winning Streak on Insider Trading Cases Ends

The younger brother of the convicted inside trader Raj Rajaratnam was found not guilty at his own trial, a rare loss for federal prosecutors. Read more..

By MATTHEW GOLDSTEIN, BEN PROTESS and RACHEL ABRAMS - The New York Times

Uber Reaches Deal With New York on Surge Pricing in Emergencies

The new agreement, according to the state’s attorney general’s office, would cap Uber’s surge prices during “abnormal disruptions of the market,” typically citywide emergencies. Read more..

By MIKE ISAAC - The New York Times

U.S. Drug Maker AbbVie Increases Bid for Shire, as Cost of Moving Abroad Rises

AbbVie said that it had increased its bid to acquire the Irish drug maker that had rejected its previous takeover offer. The new bid is about $51.6 billion. Read more..

By DAVID GELLES and CHAD BRAY - The New York Times

You Don't Have to Feel Very Guilty About Using Your Smartphone While Parenting

A preschool boy has a vacation. And his father finds a way to spend time with him and still get his work done. Read more..

By FARHAD MANJOO - The New York Times

Younger Rajaratnam Finally Out of His Brother's Shadow

For years, Rengan Rajaratnam clashed with his older brother Raj even as he sought to emulate his hedge fund success. Read more..

By ANITA RAGHAVAN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 65.06 65.56 62.21 62.76 68.9M
Apple AAPL 96.27 96.80 93.92 95.35 65.2M
Intel INTC 31.00 31.08 30.70 30.79 37.6M
Cisco Systems CSCO 25.21 25.31 25.06 25.07 34.6M
Microsoft MSFT 41.87 42.00 41.61 41.78 31.2M
General Electric GE 26.62 26.65 26.35 26.37 29.1M
Pfizer PFE 30.48 30.49 30.02 30.15 22.4M
AT&T Inc. T 35.54 35.73 35.41 35.56 20.1M
JPMorgan Chase JPM 56.35 56.47 55.63 55.76 18.3M
Wells Fargo & Co. WFC 52.30 52.45 52.10 52.25 17.3M
Comcast CMCSA 53.92 54.22 53.25 53.31 14.6M
Verizon Communications VZ 49.01 49.07 48.76 48.76 12.8M
Oracle Corp. ORCL 40.69 40.85 40.38 40.56 12.4M
General Motors GM 37.41 37.77 37.20 37.58 11.8M
Gilead Sciences GILD 86.84 87.52 86.03 87.11 11.7M
Coca-Cola KO 41.97 42.25 41.91 41.94 10.1M
ExxonMobil XOM 102.33 103.23 102.17 102.83 9.61M
Procter & Gamble PG 80.03 80.85 79.91 80.56 9.15M
Merck MRK 58.66 58.67 57.91 58.17 8.27M
Wal-Mart Stores WMT 76.09 76.98 76.03 76.65 7.96M
Home Depot HD 81.42 81.53 80.55 80.76 7.32M
HP Inc. HPQ 33.88 33.93 33.43 33.50 7.18M
Bristol-Myers Squibb BMY 47.77 47.89 47.34 47.86 6.87M
Schlumberger SLB 117.05 117.35 116.24 116.75 6.46M
Johnson & Johnson JNJ 106.21 106.25 105.52 105.72 6.27M
Boeing BA 128.89 128.97 125.92 126.79 5.72M
Altria MO 42.65 42.81 42.51 42.71 5.14M
ConocoPhillips COP 85.98 86.65 85.73 86.04 4.99M
Abbott Laboratories ABT 41.33 41.43 40.94 41.05 4.79M
Walt Disney & Co. DIS 86.19 86.32 85.68 85.86 4.73M
Chevron CVX 129.70 130.38 129.52 129.90 4.69M
Amazon AMZN 333.10 333.74 321.40 323.81 4.27M
International Business Machines IBM 187.65 188.08 186.37 187.22 3.14M
Pepsico PEP 90.06 90.08 89.48 89.73 3.13M
McDonald's MCD 99.79 100.57 99.73 100.09 3.12M
Berkshire Hathaway BRK.B 128.24 129.09 128.17 128.22 3.05M
Visa V 216.77 216.89 213.15 215.26 3.04M
UnitedHealth Group UNH 82.02 82.07 81.38 81.93 2.97M
United Technologies UTX 114.75 115.10 113.95 114.07 2.86M
Amgen AMGN 119.99 120.98 119.10 119.96 2.46M
Alphabet GOOGL 586.37 587.97 574.00 578.40 2.13M
Union Pacific UNP 100.02 100.34 99.53 100.09 2.02M
3M MMM 145.22 145.40 144.48 144.56 1.6M
Exchange Rates of July 08, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.530 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.068 CAD 1 CAD = 0.937 USD
US Dollar Swiss Franc 1 USD = 0.893 CHF 1 CHF = 1.120 USD
US Dollar Chinese Yuan 1 USD = 6.201 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 138.220 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.795 GBP 1 GBP = 1.258 EUR
Euro Australian Dollar 1 EUR = 1.448 AUD 1 AUD = 0.691 EUR
Euro Canadian Dollar 1 EUR = 1.453 CAD 1 CAD = 0.688 EUR
Euro Swiss Franc 1 EUR = 1.215 CHF 1 CHF = 0.823 EUR
Euro Chinese Yuan 1 EUR = 8.441 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.575 GBP 1 GBP = 1.740 JPY
Japanese Yen Australian Dollar 1 JPY = 1.047 AUD 1 AUD = 0.955 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.051 CAD 1 CAD = 0.952 JPY
Japanese Yen Swiss Franc 1 JPY = 0.879 CHF 1 CHF = 1.138 JPY
Pound Sterling Australian Dollar 1 GBP = 1.822 AUD 1 AUD = 0.549 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.829 CAD 1 CAD = 0.547 GBP
Pound Sterling Swiss Franc 1 GBP = 1.530 CHF 1 CHF = 0.654 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.622 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.004 CAD 1 CAD = 0.997 AUD
Australian Dollar Swiss Franc 1 AUD = 0.839 CHF 1 CHF = 1.192 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.829 CNY 1 CNY = 0.172 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.836 CHF 1 CHF = 1.196 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.808 CNY 1 CNY = 0.172 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.943 CNY 1 CNY = 0.144 CHF

See what else happened on July 08, 2014