Financial news on July 10, 2014

Business and Financial news
American Apparel Deal Gives Retailer a Lifeline

American Apparel reaches deal with its largest shareholders, agreeing to remake its board and to try to shore up company's finances; agreement includes commitment to keeping manufacturing in the United States, signature element of company's brand. Read more..

By ELIZABETH A. HARRIS - The New York Times

Before Slapping On the Sunscreen, Check the Phone

App Smart column recommends mobile applications that will be useful for trips to the beach; praises Trover, application that helps users find new and interesting places to visit. Read more..

By KIT EATON - The New York Times

Britain Pushes Hard on Nuclear Power

The British government wants new nuclear power plants and appears to be willing to compel taxpayers and consumers to pay for them. Read more..

By STANLEY REED - The New York Times

Cloud Computing Giants Add to Open Source Credentials With Kubernetes

Google has given up its secret sauce in a battle with Amazon Web Services for cloud computing customers. Now Microsoft, IBM and others are helping out. It looks like a strategy to blunt Amazon. Read more..

By QUENTIN HARDY - The New York Times

Finding Ways to Use Big Data to Help Small Shops

Wealth of information that some call big data is becoming increasingly available to small business owners like Brian Janezic, who owns two Auto Wash Express self-service locations in Tucson; variety of affordable software solutions are available for small businesses. Read more..

By JOHN GROSSMANN - The New York Times

Greece Plans Another Bond Offering

Greece says that it is planning to sell bonds again in effort to capitalize on growing demand for short-term euro zone debt, three months after returning to international bond markets following long exile. Read more..

By NIKI KITSANTONIS - The New York Times

Health Insurers Are Trying New Payment Models, Study Shows

Survey of Blue Cross insurers, among the most dominant plans in the United States, reveals that health insurers are experimenting with new formulas for reimbursing doctors and hospitals; estimates that $1 out of very $5 in reimbursements is being paid under arrangement in which providers are rewarded for improving care and lowering costs. Read more..

By REED ABELSON - The New York Times

Shielding Modems When Lightning Strikes

Personal Tech Q&A column on turning off DSL modem during thunderstorms, and merging PDF files; Tip of the Week on using Internet Explorer 11 app's Reading view. Read more..

By J. D. BIERSDORFER - The New York Times

Standard & Poor’s Cuts Rating for Puerto Rico Electric Power

Standard & Poor's Ratings Services slashes its rating on the Puerto Rico Electric Power Authority's revenue bonds by four notches to B- from BB, citing agency's inability so far to negotiate renewal of line of credit from Citibank and the threat of potential debt restructuring. Read more..

By REUTERS - The New York Times

Wheelies: The Future Infiniti Edition

Infiniti announces plans to build the QX30 and Q30 in England; a Chinese businessman sues Tesla Motors for trademark infringement. Read more..

By BENJAMIN PRESTON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 63.31 65.34 63.05 64.87 44.4M
Apple AAPL 93.76 95.55 93.52 95.04 39.7M
General Electric GE 26.13 26.29 26.10 26.20 33.2M
Intel INTC 30.60 31.33 30.44 31.26 32.5M
Cisco Systems CSCO 25.25 25.52 25.22 25.44 27.3M
Microsoft MSFT 41.37 42.00 41.05 41.69 21.9M
Pfizer PFE 29.76 30.04 29.58 30.00 20.1M
Wells Fargo & Co. WFC 51.78 51.96 51.53 51.81 20.1M
Verizon Communications VZ 48.59 49.77 48.54 49.64 18.4M
AT&T Inc. T 35.38 35.77 35.38 35.70 14.6M
Coca-Cola KO 41.56 42.29 41.55 42.26 12.6M
JPMorgan Chase JPM 55.06 55.81 54.96 55.56 12.4M
Home Depot HD 79.05 79.58 77.95 79.40 11.5M
Comcast CMCSA 54.32 54.78 54.08 54.36 10.2M
General Motors GM 37.48 37.90 37.35 37.75 9.9M
Oracle Corp. ORCL 39.89 40.52 39.89 40.32 9.57M
Gilead Sciences GILD 87.18 89.25 86.31 88.94 9.52M
Procter & Gamble PG 81.27 81.91 81.19 81.61 8.79M
HP Inc. HPQ 33.44 34.01 33.24 33.85 8.63M
ExxonMobil XOM 102.88 103.07 102.04 102.57 8.53M
ConocoPhillips COP 84.91 85.93 82.78 85.67 8.25M
Bristol-Myers Squibb BMY 47.64 48.81 47.55 48.51 7.81M
Altria MO 42.61 42.95 42.61 42.95 7.55M
Walt Disney & Co. DIS 86.53 87.61 86.19 86.86 7.25M
Merck MRK 58.28 58.77 57.73 58.58 5.58M
Wal-Mart Stores WMT 76.91 77.57 76.91 77.06 5.37M
Schlumberger SLB 115.84 116.38 114.80 115.40 5.11M
Johnson & Johnson JNJ 105.08 106.00 104.52 105.80 4.96M
Abbott Laboratories ABT 41.03 41.30 40.92 41.24 4.84M
Chevron CVX 130.48 130.86 129.90 130.25 4.4M
Boeing BA 125.54 127.63 125.12 126.79 3.94M
UnitedHealth Group UNH 81.28 82.51 81.05 82.08 3.83M
United Technologies UTX 112.79 113.92 112.44 113.51 3.65M
McDonald's MCD 100.22 101.05 100.16 100.58 3.27M
International Business Machines IBM 186.44 188.05 186.21 187.70 3.18M
Pepsico PEP 89.23 90.22 89.15 90.10 3.15M
Berkshire Hathaway BRK.B 128.00 128.72 127.61 128.45 2.79M
Amazon AMZN 324.34 329.98 322.65 327.92 2.66M
Amgen AMGN 118.91 119.20 117.88 118.95 2.64M
Union Pacific UNP 99.60 99.98 99.27 99.61 2.44M
Visa V 213.80 216.89 212.68 215.54 2.13M
3M MMM 143.50 144.20 143.24 143.89 2.07M
Alphabet GOOGL 573.00 585.25 572.10 580.04 1.44M
Exchange Rates of July 10, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.310 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 = 0.893 CHF 1 CHF = 1.120 USD
US Dollar Chinese Yuan 1 USD = 6.203 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 137.860 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.794 GBP 1 GBP = 1.259 EUR
Euro Australian Dollar 1 EUR = 1.449 AUD 1 AUD = 0.690 EUR
Euro Canadian Dollar 1 EUR = 1.449 CAD 1 CAD = 0.690 EUR
Euro Swiss Franc 1 EUR = 1.214 CHF 1 CHF = 0.823 EUR
Euro Chinese Yuan 1 EUR = 8.440 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.576 GBP 1 GBP = 1.737 JPY
Japanese Yen Australian Dollar 1 JPY = 1.050 AUD 1 AUD = 0.952 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.051 CAD 1 CAD = 0.952 JPY
Japanese Yen Swiss Franc 1 JPY = 0.881 CHF 1 CHF = 1.135 JPY
Pound Sterling Australian Dollar 1 GBP = 1.824 AUD 1 AUD = 0.548 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.825 CAD 1 CAD = 0.548 GBP
Pound Sterling Swiss Franc 1 GBP = 1.529 CHF 1 CHF = 0.654 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.626 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.000 CAD 1 CAD = 1.000 AUD
Australian Dollar Swiss Franc 1 AUD = 0.838 CHF 1 CHF = 1.193 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.825 CNY 1 CNY = 0.172 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.838 CHF 1 CHF = 1.194 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.822 CNY 1 CNY = 0.172 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.949 CNY 1 CNY = 0.144 CHF

See what else happened on July 10, 2014