Financial news on July 09, 2014

Business and Financial news
AbbVie Backtracks on Comments in Shire Bid

AbbVie said it had “not received any written commitments of support” from shareholders of Shire for its latest takeover offer, which AbbVie has raised to about $51 billion. Read more..

By CHAD BRAY - The New York Times

Adidas Joins Wearable Stampede With Fitness Tracker

While the wearables business is getting increasingly crowded, Adidas says it can carve out a niche for itself by placing a personal fitness coach on peoples’ wrists. Read more..

By NICK WINGFIELD - The New York Times

Air France-KLM Lowers Its Earnings Forecast

Air France-KLM warns that weaker-than-expected demand during peak summer travel season is likely to mute earnings growth in 2014. Read more..

By NICOLA CLARK - The New York Times

Britain to Review I.P.O. Process After Criticism of Royal Mail Offering

The review will examine the process used to sell public assets, including the method of assessing investors’ interest and share price movement of private and public sector assets. Read more..

By CHAD BRAY - The New York Times

Falcone's Hedge Fund Files Suit Against Dish Network Over LightSquared

The legal action is the latest chapter in a bitter fight between two billionaires who have traded lawsuits while the wireless broadband company tries to exit bankruptcy. Read more..

By WILLIAM ALDEN - The New York Times

IBM Wants to Invent the Chips of the Future, Not Make Them

IBM will spend $3 billion over the next five years on computer chip technology, with an eye toward moving beyond the silicon era. Read more..

By STEVE LOHR - The New York Times

Microsoft Taking Steps to Comply With the Right to be Forgotten

The company plans to follow the lead of Google, which responded to a European court’s online privacy ruling in May by creating a form to request removal of links to material that individuals say violates their online privacy. Read more..

By MARK SCOTT - The New York Times

Reduce Your Monthly Digital Bills

Molly Wood audits her digital expenses, from cloud storage to streaming movies, and finds ways to trim her monthly bills. Read more..

Vanessa Perez and Rebekah Fergusson - The New York Times

This Year's Special Guest at Sun Valley? Word Is John Kerry

The secretary of state is not the first government official to rub shoulders at the annual Allen & Company conference. He’s not among the officials on the regular invitation list, though. Read more..

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

Yelp Joins Critics of European Union Antitrust Settlement With Google

Online review service Yelp joins critics formally opposing European Union's proposed antitrust settlement with Google; Yelp says in its filing in antitrust case that results on Google's search engine favor Google Plus Local, a direct Yelp competitor. Read more..

By JAMES KANTER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 63.41 65.12 63.15 64.97 51.4M
General Electric GE 26.43 26.43 26.26 26.32 37.8M
Apple AAPL 95.44 95.95 94.76 95.39 36.4M
Cisco Systems CSCO 25.22 25.50 25.14 25.44 35.6M
Intel INTC 30.84 30.98 30.69 30.89 28.3M
Pfizer PFE 30.12 30.20 29.90 30.05 20.7M
Microsoft MSFT 41.98 41.99 41.53 41.67 18.4M
Wells Fargo & Co. WFC 52.30 52.30 51.91 52.19 16.1M
AT&T Inc. T 35.70 35.72 35.51 35.65 15.9M
Comcast CMCSA 53.56 54.74 53.41 54.73 15.9M
Oracle Corp. ORCL 40.61 40.72 39.99 40.26 14.7M
Verizon Communications VZ 48.99 49.11 48.72 48.90 14.4M
Procter & Gamble PG 80.66 81.80 80.50 81.67 12.1M
General Motors GM 37.66 38.13 37.63 37.97 11.7M
JPMorgan Chase JPM 55.88 56.12 55.61 56.02 10.9M
Gilead Sciences GILD 87.25 88.96 87.19 88.68 10.4M
Coca-Cola KO 41.93 42.16 41.79 41.95 9.89M
Boeing BA 128.31 128.32 125.91 126.79 8.02M
ExxonMobil XOM 102.96 103.69 102.81 103.55 7.66M
Home Depot HD 81.11 81.23 80.18 80.73 6.98M
Merck MRK 58.45 58.72 58.18 58.55 6.94M
Schlumberger SLB 117.27 117.32 116.14 116.96 6.77M
Walt Disney & Co. DIS 86.00 87.29 85.85 87.22 6.31M
Wal-Mart Stores WMT 76.77 77.33 76.62 77.21 6.24M
Altria MO 42.85 43.05 42.72 42.80 5.9M
ConocoPhillips COP 86.07 86.29 85.71 85.80 5.72M
Johnson & Johnson JNJ 106.00 106.21 105.72 106.04 5.72M
HP Inc. HPQ 33.55 33.79 33.51 33.65 5.68M
McDonald's MCD 100.30 101.25 100.26 101.07 5.6M
Chevron CVX 130.27 131.69 129.99 131.39 5.2M
Bristol-Myers Squibb BMY 47.86 47.93 47.55 47.92 5.02M
Abbott Laboratories ABT 41.21 41.38 40.95 41.27 3.56M
United Technologies UTX 114.35 114.50 113.38 113.84 3.36M
International Business Machines IBM 187.68 188.90 186.89 188.42 3.31M
Amazon AMZN 324.71 330.20 323.15 329.97 3.17M
UnitedHealth Group UNH 81.98 82.75 81.89 82.74 3.08M
Amgen AMGN 120.45 120.62 118.92 119.57 2.65M
Pepsico PEP 89.90 90.10 89.62 89.77 2.6M
Berkshire Hathaway BRK.B 128.49 128.87 128.31 128.75 1.92M
Union Pacific UNP 100.54 101.00 100.20 100.61 1.78M
3M MMM 144.78 145.04 144.03 144.68 1.52M
Alphabet GOOGL 578.95 584.10 577.00 583.36 1.37M
Visa V 215.50 216.28 214.51 216.16 1.29M
Exchange Rates of July 09, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.620 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.065 CAD 1 CAD = 0.939 USD
US Dollar Swiss Franc 1 USD = 0.891 CHF 1 CHF = 1.122 USD
US Dollar Chinese Yuan 1 USD = 6.199 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 138.630 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.795 GBP 1 GBP = 1.258 EUR
Euro Australian Dollar 1 EUR = 1.450 AUD 1 AUD = 0.690 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 = 8.456 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.573 GBP 1 GBP = 1.745 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.048 CAD 1 CAD = 0.954 JPY
Japanese Yen Swiss Franc 1 JPY = 0.876 CHF 1 CHF = 1.141 JPY
Pound Sterling Australian Dollar 1 GBP = 1.823 AUD 1 AUD = 0.548 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.828 CAD 1 CAD = 0.547 GBP
Pound Sterling Swiss Franc 1 GBP = 1.529 CHF 1 CHF = 0.654 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.636 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.002 CAD 1 CAD = 0.998 AUD
Australian Dollar Swiss Franc 1 AUD = 0.838 CHF 1 CHF = 1.193 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.832 CNY 1 CNY = 0.171 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.836 CHF 1 CHF = 1.196 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.819 CNY 1 CNY = 0.172 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.957 CNY 1 CNY = 0.144 CHF

See what else happened on July 09, 2014