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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE26.1326.2926.1026.2033.2M
Cisco SystemsCSCO25.2525.5225.2225.4427.3M
Wells Fargo & Co.WFC51.7851.9651.5351.8120.1M
Verizon CommunicationsVZ48.5949.7748.5449.6418.4M
AT&T Inc.T35.3835.7735.3835.7014.6M
JPMorgan ChaseJPM55.0655.8154.9655.5612.4M
Home DepotHD79.0579.5877.9579.4011.5M
General MotorsGM37.4837.9037.3537.759.9M
Oracle Corp.ORCL39.8940.5239.8940.329.57M
Gilead SciencesGILD87.1889.2586.3188.949.52M
Procter & GamblePG81.2781.9181.1981.618.79M
HP Inc.HPQ33.4434.0133.2433.858.63M
Bristol-Myers SquibbBMY47.6448.8147.5548.517.81M
Walt Disney & Co.DIS86.5387.6186.1986.867.25M
Wal-Mart StoresWMT76.9177.5776.9177.065.37M
Johnson & JohnsonJNJ105.08106.00104.52105.804.96M
Abbott LaboratoriesABT41.0341.3040.9241.244.84M
UnitedHealth GroupUNH81.2882.5181.0582.083.83M
United TechnologiesUTX112.79113.92112.44113.513.65M
International Business MachinesIBM186.44188.05186.21187.703.18M
Berkshire HathawayBRK.B128.00128.72127.61128.452.79M
Union PacificUNP99.6099.9899.2799.612.44M
Exchange Rates of July 10, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.310 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.065 CAD1 CAD = 0.939 USD
US DollarSwiss Franc1 USD = 0.893 CHF1 CHF = 1.120 USD
US DollarChinese Yuan1 USD = 6.203 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 137.860 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.794 GBP1 GBP = 1.259 EUR
EuroAustralian Dollar1 EUR = 1.449 AUD1 AUD = 0.690 EUR
EuroCanadian Dollar1 EUR = 1.449 CAD1 CAD = 0.690 EUR
EuroSwiss Franc1 EUR = 1.214 CHF1 CHF = 0.823 EUR
EuroChinese Yuan1 EUR = 8.440 CNY1 CNY = 0.118 EUR
Japanese YenPound Sterling1 JPY = 0.576 GBP1 GBP = 1.737 JPY
Japanese YenAustralian Dollar1 JPY = 1.050 AUD1 AUD = 0.952 JPY
Japanese YenCanadian Dollar1 JPY = 1.051 CAD1 CAD = 0.952 JPY
Japanese YenSwiss Franc1 JPY = 0.881 CHF1 CHF = 1.135 JPY
Pound SterlingAustralian Dollar1 GBP = 1.824 AUD1 AUD = 0.548 GBP
Pound SterlingCanadian Dollar1 GBP = 1.825 CAD1 CAD = 0.548 GBP
Pound SterlingSwiss Franc1 GBP = 1.529 CHF1 CHF = 0.654 GBP
Pound SterlingChinese Yuan1 GBP = 10.626 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 1.000 CAD1 CAD = 1.000 AUD
Australian DollarSwiss Franc1 AUD = 0.838 CHF1 CHF = 1.193 AUD
Australian DollarChinese Yuan1 AUD = 5.825 CNY1 CNY = 0.172 AUD
Canadian DollarSwiss Franc1 CAD = 0.838 CHF1 CHF = 1.194 CAD
Canadian DollarChinese Yuan1 CAD = 5.822 CNY1 CNY = 0.172 CAD
Swiss FrancChinese Yuan1 CHF = 6.949 CNY1 CNY = 0.144 CHF

See what else happened on July 10, 2014