Financial news on July 09, 2010

Business and Financial news
A Taste of Sun Valley’s Lighter Activities

DealBook has put together a sampler of the sort of activities that attendees of the Allen & Company conference at Sun Valley can take part in on Friday. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

BC and Silver Lake Make $3.1 Billion Buyout

Private-equity firms BC Partners and Silver Lake Partners have agreed to purchase MultiPlan. The transaction is values the health-care business at $3.1 billion, The Wall Street Journal reports, citing people close to the deal. Read more..

By DEALBOOK - The New York Times

Double Dip Fears Send Investors to Cash

Equity funds worldwide suffered more than $11 billion of net outflows in the first week of July, while money market funds saw the biggest inflows in 18 months amid fears of a double-dip recession, EPFR Global said on Friday, Reuters reported. Read more..

By DEALBOOK - The New York Times

Ford Adds Sprint Nextel’s Hance to Board

Ford Motor has expanded its board to 14 members by adding Sprint Nextel Chairman James Hance Jr. as a director, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Hedge Funds Thrive on Fixed Income in First Half

First-half performance figures are showing the same pattern for hedge funds as for more mainstream investors — the most successful were in fixed income, the least successful in stocks. Read more..

By DEALBOOK - The New York Times

In Bali, Building in Harmony

True Bali home design has little to do with sprawling villas, hardwood floors and remote-controlled sliding doors. Read more..

By KEVIN BRASS - International Herald Tribune

Smartphone Patent Suits Challenge Big Makers

NTP, a patent-holding company best known for prying a settlement of more than $600 million from the maker of the BlackBerry, is suing the other big names in the smartphone industry: Apple, Google, Microsoft, HTC, LG and Motorola. Read more..

By DEALBOOK - The New York Times

Smartphone Patent Suits Challenge Big Makers

NTP charges that the cellphone e-mail systems of the companies are illegally using its patented technology. Read more..

By STEVE LOHR - The New York Times

SonicWall Sets July 23 Meeting to Approve Deal

Network security technology provider SonicWall sent a letter to shareholders Thursday, ahead of a special meeting later this month, asking them to approve a takeover by an investor group, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Stocks Regain Momentum Late in the Day

The latest weekly jobs report on Thursday propelled stocks for the third day this week, building on gains that analysts hope will be sustained after corporate earnings season begins. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 24.33 24.41 24.15 24.27 53.8M
Intel INTC 20.06 20.28 19.96 20.24 52.8M
General Electric GE 14.95 14.99 14.75 14.95 46.1M
Cisco Systems CSCO 22.55 22.81 22.43 22.70 41.5M
Pfizer PFE 14.85 14.86 14.63 14.77 32.6M
JPMorgan Chase JPM 37.75 38.89 37.68 38.85 30.4M
ExxonMobil XOM 58.76 59.01 58.30 58.78 26M
Wells Fargo & Co. WFC 26.50 27.04 26.40 27.00 24.9M
AT&T Inc. T 24.60 24.88 24.55 24.83 19.6M
Comcast CMCSA 17.89 18.09 17.76 18.07 19.4M
Verizon Communications VZ 26.81 26.82 26.47 26.65 18.3M
Oracle Corp. ORCL 23.25 23.39 23.14 23.37 16.3M
Apple AAPL 256.89 259.90 255.16 259.62 15.5M
Altria MO 21.42 21.48 21.16 21.30 15M
Home Depot HD 28.10 28.32 27.93 28.26 13.5M
HP Inc. HPQ 45.44 45.50 44.99 45.25 12.7M
Johnson & Johnson JNJ 60.97 61.07 60.38 60.54 12.2M
Merck MRK 35.91 36.40 35.72 36.30 12M
Wal-Mart Stores WMT 49.25 49.55 49.15 49.43 11.6M
Bristol-Myers Squibb BMY 25.57 25.65 25.29 25.60 11.5M
Chevron CVX 70.46 72.00 70.05 71.84 11.4M
ConocoPhillips COP 51.65 52.47 51.40 52.30 11.3M
Abbott Laboratories ABT 48.16 48.16 47.52 48.03 10.8M
Procter & Gamble PG 61.94 61.94 61.36 61.75 9.63M
Gilead Sciences GILD 34.73 34.92 34.47 34.74 9.51M
Alphabet GOOGL 471.96 473.26 462.78 467.49 8.65M
Walt Disney & Co. DIS 33.38 33.80 33.37 33.75 8.53M
UnitedHealth Group UNH 29.75 30.13 29.52 29.97 6.97M
Coca-Cola KO 52.36 52.49 52.07 52.40 6.47M
Schlumberger SLB 58.60 58.86 57.85 58.56 6.31M
Visa V 76.24 77.60 75.62 77.38 5.62M
Berkshire Hathaway BRK.B 79.27 79.85 78.89 79.75 5.56M
Pepsico PEP 64.03 64.11 63.30 63.50 5.02M
Amgen AMGN 52.35 52.61 51.90 52.56 4.81M
McDonald's MCD 69.08 69.33 68.75 69.22 4.51M
Amazon AMZN 116.55 117.40 114.65 117.26 4.07M
International Business Machines IBM 127.90 128.20 127.29 127.96 3.9M
Union Pacific UNP 70.89 72.11 70.88 71.71 3.22M
Boeing BA 65.20 65.20 64.01 64.66 3.14M
United Technologies UTX 67.28 67.70 66.88 67.51 2.92M
3M MMM 81.11 82.25 81.11 82.16 2.82M
Exchange Rates of July 09, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.570 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.033 CAD 1 CAD = 0.968 USD
US Dollar Swiss Franc 1 USD = 1.057 CHF 1 CHF = 0.946 USD
Euro Japanese Yen 1 EUR = 111.980 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.839 GBP 1 GBP = 1.192 EUR
Euro Australian Dollar 1 EUR = 1.441 AUD 1 AUD = 0.694 EUR
Euro Canadian Dollar 1 EUR = 1.306 CAD 1 CAD = 0.765 EUR
Euro Swiss Franc 1 EUR = 1.337 CHF 1 CHF = 0.748 EUR
Euro Chinese Yuan 1 EUR = 8.567 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.749 GBP 1 GBP = 1.335 JPY
Japanese Yen Australian Dollar 1 JPY = 1.285 AUD 1 AUD = 0.778 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.166 CAD 1 CAD = 0.858 JPY
Japanese Yen Swiss Franc 1 JPY = 1.193 CHF 1 CHF = 0.838 JPY
Pound Sterling Australian Dollar 1 GBP = 1.718 AUD 1 AUD = 0.582 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.557 CAD 1 CAD = 0.642 GBP
Pound Sterling Swiss Franc 1 GBP = 1.593 CHF 1 CHF = 0.628 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.193 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.906 CAD 1 CAD = 1.104 AUD
Australian Dollar Swiss Franc 1 AUD = 0.927 CHF 1 CHF = 1.079 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.949 CNY 1 CNY = 0.168 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.023 CHF 1 CHF = 0.978 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.556 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.417 CNY 1 CNY = 0.156 CHF

See what else happened on July 09, 2010