Financial news on June 9th, 2010

Business and Financial news
AOL’s New Phase and Phrase: It’s a ‘Start-Around’

AOL, the much-maligned Internet service provider turned content company, is a “start-around,” the president of AOL Media and Studios said Monday. Read more..

By DEALBOOK - The New York Times

Cape Cod Residents Keep the Chain Stores Out

Provincetown, Mass., is the latest Cape Cod community to use zoning laws to protect local businesses. Read more..

By BETH GREENFIELD - The New York Times

European Leaders Back Stricter Oversight of National Budgets

In two days of talks, finance ministers approved a wider safety net and tougher rules on member nations’ finances. Read more..

By STEPHEN CASTLE - The New York Times

JPMorgan Enters Underwriting Venture in China

JPMorgan said Wednesday that it would form a joint venture with First Capital Securities of China to underwrite share issues in the country. Read more..

By DEALBOOK - The New York Times

Legacy for One Billionaire: Death, but No Taxes

Dan L. Duncan’s heirs stand to collect billions that any other year would have gone to the Treasury. Read more..


McDonald’s Offers Cash in Recall of Shrek Glasses

McDonald’s will pay $3, a bit over the top price of $2.49, for each glass. Read more..

By WILLIAM NEUMAN - The New York Times

P.E. Veterans Join Cedar Fair Board

Amusement park owner Cedar Fair, which earlier this year was forced to scrap a $635 million buyout deal with Apollo Management, said Tuesday it was expanding its board of directors to nine members by adding to it two private equity veterans. Read more..

By DEALBOOK - The New York Times

Texas Instruments Bolsters Forecast

The company said second-quarter sales and profit would be at the upper end of earlier forecasts, buoyed by demand for industrial machinery. Read more..

By BLOOMBERG NEWS - The New York Times

The Editors: What Is Goldman Hiding?

Congress created the Financial Crisis Inquiry Commission last year to investigate the causes of the meltdown. Many banks, financial firms and other witnesses have cooperated. But not Goldman Sachs. Read more..

By DEALBOOK - The New York Times

Times Picks Vogue Editor to Lead T Magazine

In July, Sally Singer, the fashion news and features director at Vogue, will take over T: The New York Times Style Magazine. Read more..

By JOSEPH PLAMBECK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.5815.7015.2215.3266.9M
Cisco SystemsCSCO23.0223.4522.7422.7847.7M
JPMorgan ChaseJPM38.1538.1637.0137.1242.6M
Wells Fargo & Co.WFC27.9527.9626.9027.0338M
AT&T Inc.T25.1025.2124.8024.9033.2M
Oracle Corp.ORCL21.7722.0921.4821.5422.2M
Bristol-Myers SquibbBMY24.3424.4024.0924.1421.2M
Verizon CommunicationsVZ27.6928.0427.6127.7819.7M
HP Inc.HPQ46.0646.4945.2145.4119.1M
Abbott LaboratoriesABT46.3946.5545.7345.8618.3M
Wal-Mart StoresWMT50.9651.3650.5950.9916.5M
Gilead SciencesGILD33.5833.7832.8832.9116.2M
Home DepotHD31.8732.4031.6231.7615.8M
Procter & GamblePG62.4562.6061.2761.4714.2M
Walt Disney & Co.DIS33.3033.8232.8332.9413.7M
Johnson & JohnsonJNJ58.8058.9457.9458.1713.2M
UnitedHealth GroupUNH30.8931.1630.4530.5310.1M
United TechnologiesUTX64.4564.8163.2763.428M
International Business MachinesIBM124.83125.84123.58123.907.8M
Berkshire HathawayBRK.B72.8773.5771.3671.815.91M
Union PacificUNP69.9271.9469.1069.384.66M
Exchange Rates of June 9th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.310 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.044 CAD1 CAD = 0.957 USD
US DollarSwiss Franc1 USD = 1.148 CHF1 CHF = 0.871 USD
US DollarChinese Yuan1 USD = 6.830 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 109.440 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.824 GBP1 GBP = 1.213 EUR
EuroAustralian Dollar1 EUR = 1.447 AUD1 AUD = 0.691 EUR
EuroCanadian Dollar1 EUR = 1.252 CAD1 CAD = 0.799 EUR
EuroSwiss Franc1 EUR = 1.376 CHF1 CHF = 0.727 EUR
EuroChinese Yuan1 EUR = 8.181 CNY1 CNY = 0.122 EUR
Japanese YenPound Sterling1 JPY = 0.753 GBP1 GBP = 1.328 JPY
Japanese YenAustralian Dollar1 JPY = 1.322 AUD1 AUD = 0.756 JPY
Japanese YenCanadian Dollar1 JPY = 1.143 CAD1 CAD = 0.875 JPY
Japanese YenSwiss Franc1 JPY = 1.258 CHF1 CHF = 0.795 JPY
Pound SterlingAustralian Dollar1 GBP = 1.755 AUD1 AUD = 0.570 GBP
Pound SterlingCanadian Dollar1 GBP = 1.518 CAD1 CAD = 0.659 GBP
Pound SterlingSwiss Franc1 GBP = 1.669 CHF1 CHF = 0.599 GBP
Pound SterlingChinese Yuan1 GBP = 9.913 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.865 CAD1 CAD = 1.156 AUD
Australian DollarSwiss Franc1 AUD = 0.951 CHF1 CHF = 1.052 AUD
Australian DollarChinese Yuan1 AUD = 5.650 CNY1 CNY = 0.177 AUD
Canadian DollarSwiss Franc1 CAD = 1.099 CHF1 CHF = 0.910 CAD
Canadian DollarChinese Yuan1 CAD = 6.538 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 5.945 CNY1 CNY = 0.168 CHF

See what else happened on June 9th, 2010