Financial news on July 09, 2010
Business and Financial news
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..
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..
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..
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..
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..
True Bali home design has little to do with sprawling villas, hardwood floors and remote-controlled sliding doors. Read more..
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..
NTP charges that the cellphone e-mail systems of the companies are illegally using its patented technology. Read more..
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..
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..
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
| Currencies | Exchange 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