Financial news on July 9th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14,9514,9914,7514,9546.1M
Cisco SystemsCSCO22,5522,8122,4322,7041.5M
JPMorgan ChaseJPM37,7538,8937,6838,8530.4M
Wells Fargo & Co.WFC26,5027,0426,4027,0024.9M
AT&T Inc.T24,6024,8824,5524,8319.6M
Verizon CommunicationsVZ26,8126,8226,4726,6518.3M
Oracle Corp.ORCL23,2523,3923,1423,3716.3M
Home DepotHD28,1028,3227,9328,2613.5M
HP Inc.HPQ45,4445,5044,9945,2512.7M
Johnson & JohnsonJNJ60,9761,0760,3860,5412.2M
Wal-Mart StoresWMT49,2549,5549,1549,4311.6M
Bristol-Myers SquibbBMY25,5725,6525,2925,6011.5M
Abbott LaboratoriesABT48,1648,1647,5248,0310.8M
Procter & GamblePG61,9461,9461,3661,759.63M
Gilead SciencesGILD34,7334,9234,4734,749.51M
Walt Disney & Co.DIS33,3833,8033,3733,758.53M
UnitedHealth GroupUNH29,7530,1329,5229,976.97M
Berkshire HathawayBRK.B79,2779,8578,8979,755.56M
International Business MachinesIBM127,90128,20127,29127,963.9M
Union PacificUNP70,8972,1170,8871,713.22M
United TechnologiesUTX67,2867,7066,8867,512.92M
Exchange Rates of July 9th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88,570 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,033 CAD1 CAD = 0,968 USD
US DollarSwiss Franc1 USD = 1,057 CHF1 CHF = 0,946 USD
EuroJapanese Yen1 EUR = 111,980 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,839 GBP1 GBP = 1,192 EUR
EuroAustralian Dollar1 EUR = 1,441 AUD1 AUD = 0,694 EUR
EuroCanadian Dollar1 EUR = 1,306 CAD1 CAD = 0,765 EUR
EuroSwiss Franc1 EUR = 1,337 CHF1 CHF = 0,748 EUR
EuroChinese Yuan1 EUR = 8,567 CNY1 CNY = 0,117 EUR
Japanese YenPound Sterling1 JPY = 0,749 GBP1 GBP = 1,335 JPY
Japanese YenAustralian Dollar1 JPY = 1,285 AUD1 AUD = 0,778 JPY
Japanese YenCanadian Dollar1 JPY = 1,166 CAD1 CAD = 0,858 JPY
Japanese YenSwiss Franc1 JPY = 1,193 CHF1 CHF = 0,838 JPY
Pound SterlingAustralian Dollar1 GBP = 1,718 AUD1 AUD = 0,582 GBP
Pound SterlingCanadian Dollar1 GBP = 1,557 CAD1 CAD = 0,642 GBP
Pound SterlingSwiss Franc1 GBP = 1,593 CHF1 CHF = 0,628 GBP
Pound SterlingChinese Yuan1 GBP = 10,193 CNY1 CNY = 0,098 GBP
Australian DollarCanadian Dollar1 AUD = 0,906 CAD1 CAD = 1,104 AUD
Australian DollarSwiss Franc1 AUD = 0,927 CHF1 CHF = 1,079 AUD
Australian DollarChinese Yuan1 AUD = 5,949 CNY1 CNY = 0,168 AUD
Canadian DollarSwiss Franc1 CAD = 1,023 CHF1 CHF = 0,978 CAD
Canadian DollarChinese Yuan1 CAD = 6,556 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,417 CNY1 CNY = 0,156 CHF

See what else happened on July 9th, 2010