Financial news on June 09, 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..

By DAVID KOCIENIEWSKI - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25.22 25.52 24.75 24.79 87.8M
Pfizer PFE 14.64 14.75 14.39 14.52 86.6M
General Electric GE 15.58 15.70 15.22 15.32 66.9M
Intel INTC 20.39 20.60 19.86 19.93 59M
Cisco Systems CSCO 23.02 23.45 22.74 22.78 47.7M
JPMorgan Chase JPM 38.15 38.16 37.01 37.12 42.6M
Altria MO 20.28 20.37 20.01 20.05 40.2M
Wells Fargo & Co. WFC 27.95 27.96 26.90 27.03 38M
AT&T Inc. T 25.10 25.21 24.80 24.90 33.2M
ExxonMobil XOM 61.58 61.60 59.82 60.03 31.7M
Apple AAPL 251.47 251.90 242.49 243.20 30.5M
Oracle Corp. ORCL 21.77 22.09 21.48 21.54 22.2M
Bristol-Myers Squibb BMY 24.34 24.40 24.09 24.14 21.2M
Verizon Communications VZ 27.69 28.04 27.61 27.78 19.7M
Comcast CMCSA 17.53 17.96 17.39 17.42 19.2M
HP Inc. HPQ 46.06 46.49 45.21 45.41 19.1M
Abbott Laboratories ABT 46.39 46.55 45.73 45.86 18.3M
ConocoPhillips COP 51.32 51.91 50.57 50.72 17.1M
Wal-Mart Stores WMT 50.96 51.36 50.59 50.99 16.5M
Gilead Sciences GILD 33.58 33.78 32.88 32.91 16.2M
Home Depot HD 31.87 32.40 31.62 31.76 15.8M
Procter & Gamble PG 62.45 62.60 61.27 61.47 14.2M
Chevron CVX 71.17 72.39 70.60 70.79 14.1M
Walt Disney & Co. DIS 33.30 33.82 32.83 32.94 13.7M
Schlumberger SLB 56.35 57.94 55.21 55.47 13.6M
Johnson & Johnson JNJ 58.80 58.94 57.94 58.17 13.2M
Merck MRK 33.86 34.13 33.49 33.71 12.8M
UnitedHealth Group UNH 30.89 31.16 30.45 30.53 10.1M
McDonald's MCD 68.68 68.90 68.04 68.26 8.92M
Visa V 74.12 75.48 73.18 73.80 8.9M
Coca-Cola KO 51.56 51.85 51.17 51.35 8.82M
United Technologies UTX 64.45 64.81 63.27 63.42 8M
International Business Machines IBM 124.83 125.84 123.58 123.90 7.8M
Boeing BA 61.48 63.18 61.17 61.71 7.73M
Amazon AMZN 120.31 121.47 117.36 117.91 7.37M
Pepsico PEP 62.86 63.07 62.33 62.49 7.06M
Amgen AMGN 53.80 54.06 52.94 53.15 6.27M
Berkshire Hathaway BRK.B 72.87 73.57 71.36 71.81 5.91M
Alphabet GOOGL 487.22 488.88 472.00 474.02 5.45M
3M MMM 75.47 76.10 74.50 74.79 4.8M
Union Pacific UNP 69.92 71.94 69.10 69.38 4.66M
Exchange Rates of June 09, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91.310 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.044 CAD 1 CAD = 0.957 USD
US Dollar Swiss Franc 1 USD = 1.148 CHF 1 CHF = 0.871 USD
US Dollar Chinese Yuan 1 USD = 6.830 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 109.440 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.824 GBP 1 GBP = 1.213 EUR
Euro Australian Dollar 1 EUR = 1.447 AUD 1 AUD = 0.691 EUR
Euro Canadian Dollar 1 EUR = 1.252 CAD 1 CAD = 0.799 EUR
Euro Swiss Franc 1 EUR = 1.376 CHF 1 CHF = 0.727 EUR
Euro Chinese Yuan 1 EUR = 8.181 CNY 1 CNY = 0.122 EUR
Japanese Yen Pound Sterling 1 JPY = 0.753 GBP 1 GBP = 1.328 JPY
Japanese Yen Australian Dollar 1 JPY = 1.322 AUD 1 AUD = 0.756 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.143 CAD 1 CAD = 0.875 JPY
Japanese Yen Swiss Franc 1 JPY = 1.258 CHF 1 CHF = 0.795 JPY
Pound Sterling Australian Dollar 1 GBP = 1.755 AUD 1 AUD = 0.570 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.518 CAD 1 CAD = 0.659 GBP
Pound Sterling Swiss Franc 1 GBP = 1.669 CHF 1 CHF = 0.599 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.913 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.865 CAD 1 CAD = 1.156 AUD
Australian Dollar Swiss Franc 1 AUD = 0.951 CHF 1 CHF = 1.052 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.650 CNY 1 CNY = 0.177 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.099 CHF 1 CHF = 0.910 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.538 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.945 CNY 1 CNY = 0.168 CHF

See what else happened on June 09, 2010