Financial news on July 10, 2015

Business and Financial news
An Income Tax on Carried Interest Couldn’t Be Avoided

Treating so-called carried interest as ordinary income for tax purposes would raise more money than the government predicts because the usual techniques for avoiding capital gains taxes don’t work. Read more..

By VICTOR FLEISCHER - The New York Times

Daily Report: Facebook Said to Seek Licensing Deals for Music Videos

If the company, which has been expanding its video offerings, can strike a deal with music labels, it could rival Google’s YouTube. Read more..

By THE NEW YORK TIMES - The New York Times

Gazprom Cancels Italian Contractor’s Deal for Black Sea Pipeline

Italian oil field contractor Saipem says Russian natural gas exporter Gazprom canceled its 2.4 billion euro, or $2.6 billion contract to build pipeline under Black Sea. Read more..

By STANLEY REED - The New York Times

Google Search Chief Amit Singhal Talks Searching Apps

Google’s search chief, Amit Singhal, discusses how Google search is moving from the web to apps. Read more..

By CONOR DOUGHERTY - The New York Times

How China Is Trying to Stabilize Markets

James B. Stewart, on CNBC Friday, discussed how China’s efforts to slow the slide in its stock markets may succeed in bringing stability. Read more..

CNBC - CNBC

It’s Not the Hours We Work, but the Energy We Put Into Them

Jeb Bush does not understand the economic equation when it comes to how long people spend at work. Read more..

By TONY SCHWARTZ - The New York Times

It’s Silicon Valley 2, Ellen Pao 0: Fighter of Sexism Is Out at Reddit

Ms. Pao, the interim chief executive, will remain as an adviser to the board. She had been under intense scrutiny from members of the company’s devoted web community. Read more..

By MIKE ISAAC and DAVID STREITFELD - The New York Times

Why a Teenage Bank Teller May Have the Best Summer Job

High school students who land banking positions learn crucial lessons about finance and interpersonal communications that can have far-reaching benefits. Read more..

By RON LIEBER - The New York Times

Why China’s Stock Market Bailout Just Might Work

James B Stewart Common Sense column observes China's efforts to stabilize its stock market after big drops may succeed, due to motivation and resources available; points out that among its moves to aid market, government has set up $19.4 billion fund to buy stocks. Read more..

By JAMES B. STEWART - The New York Times

With CarPlay, Apple Looks to Upend Tradition

Wheels column; Apple will introduce its CarPlay software in models from Hyundai and Chevrolet, but it is asking carmakers to develop apps themselves. Read more..

By JOHN R. QUAIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 121.94 123.85 121.21 123.28 61.4M
Intel INTC 29.20 29.35 28.94 29.17 31.4M
AT&T Inc. T 34.62 34.85 34.39 34.65 31M
Microsoft MSFT 45.01 45.14 44.57 44.61 25.5M
General Electric GE 26.39 26.44 26.04 26.27 25.4M
Facebook FB 87.35 88.22 86.77 87.95 23.2M
Pfizer PFE 34.24 34.44 34.15 34.36 21.1M
Cisco Systems CSCO 27.27 27.36 27.04 27.28 16.1M
Verizon Communications VZ 46.84 47.33 46.72 47.00 14.7M
Coca-Cola KO 40.27 40.52 40.16 40.39 13.4M
Wells Fargo & Co. WFC 56.33 56.46 55.86 56.08 13.3M
JPMorgan Chase JPM 67.22 67.40 66.83 67.05 12.4M
Comcast CMCSA 62.59 63.41 62.01 63.19 12.3M
General Motors GM 31.30 31.42 30.99 31.40 12.2M
Oracle Corp. ORCL 40.56 40.65 40.21 40.36 10.5M
Gilead Sciences GILD 114.88 115.00 113.20 113.74 9.7M
HP Inc. HPQ 30.80 30.88 30.34 30.65 9.28M
ExxonMobil XOM 82.09 82.49 81.60 82.22 8.63M
Merck MRK 58.07 58.25 57.58 57.95 8.05M
Altria MO 51.48 51.78 51.23 51.31 7.26M
Pepsico PEP 95.42 96.27 95.01 95.55 7.23M
Walt Disney & Co. DIS 117.05 117.43 115.67 116.44 7.02M
Johnson & Johnson JNJ 99.78 99.89 99.09 99.53 6.97M
Procter & Gamble PG 81.23 81.36 80.76 80.95 6.89M
Schlumberger SLB 84.28 84.55 83.24 83.96 6.51M
Bristol-Myers Squibb BMY 68.66 69.49 68.40 69.27 6.12M
Chevron CVX 94.53 94.95 94.07 94.41 5.63M
Wal-Mart Stores WMT 73.08 73.55 73.08 73.12 5.58M
McDonald's MCD 97.25 97.78 96.95 97.65 5.18M
Visa V 67.98 68.54 67.91 68.42 5.11M
ConocoPhillips COP 59.31 59.54 58.67 59.13 5.06M
Abbott Laboratories ABT 49.63 50.12 49.39 49.93 5.03M
Home Depot HD 112.67 113.48 112.09 113.10 4.63M
International Business Machines IBM 165.66 167.40 165.52 166.95 4.54M
United Technologies UTX 110.38 111.28 109.51 110.18 4.31M
Union Pacific UNP 97.12 98.15 97.06 97.82 4.24M
UnitedHealth Group UNH 120.99 122.75 120.70 122.15 4.03M
Amgen AMGN 153.99 154.53 152.49 154.10 3.98M
Berkshire Hathaway BRK.B 139.51 140.30 138.96 139.73 3.77M
Amazon AMZN 440.49 444.72 439.00 443.51 2.4M
Boeing BA 144.14 145.19 143.87 144.48 2.19M
Alphabet GOOGL 553.71 559.29 552.00 556.11 2.17M
3M MMM 154.74 155.86 154.50 154.95 2.06M
Exchange Rates of July 10, 2015
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.896 EUR 1 EUR = 1.116 USD
US Dollar Japanese Yen 1 USD = 122.830 JPY 1 JPY = 0.008 USD
US Dollar Pound Sterling 1 USD = 0.645 GBP 1 GBP = 1.551 USD
US Dollar Australian Dollar 1 USD = 1.341 AUD 1 AUD = 0.746 USD
US Dollar Canadian Dollar 1 USD = 1.266 CAD 1 CAD = 0.790 USD
US Dollar Swiss Franc 1 USD = 0.938 CHF 1 CHF = 1.066 USD
US Dollar Chinese Yuan 1 USD = 6.209 CNY 1 CNY = 0.161 USD
US Dollar Mexican Peso 1 USD = 15.697 MXN 1 MXN = 0.064 USD
US Dollar Swidish Krona 1 USD = 8.421 SEK 1 SEK = 0.119 USD
Euro Japanese Yen 1 EUR = 136.890 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.719 GBP 1 GBP = 1.391 EUR
Euro Australian Dollar 1 EUR = 1.493 AUD 1 AUD = 0.670 EUR
Euro Canadian Dollar 1 EUR = 1.410 CAD 1 CAD = 0.709 EUR
Euro Swiss Franc 1 EUR = 1.048 CHF 1 CHF = 0.955 EUR
Euro Chinese Yuan 1 EUR = 6.924 CNY 1 CNY = 0.144 EUR
Euro Mexican Peso 1 EUR = 17.514 MXN 1 MXN = 0.057 EUR
Euro Swidish Krona 1 EUR = 9.390 SEK 1 SEK = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.005 GBP 1 GBP = 192.308 JPY
Japanese Yen Australian Dollar 1 JPY = 0.011 AUD 1 AUD = 91.743 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.010 CAD 1 CAD = 97.087 JPY
Japanese Yen Swiss Franc 1 JPY = 0.008 CHF 1 CHF = 131.579 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.051 CNY 1 CNY = 19.802 JPY
Japanese Yen Mexican Peso 1 JPY = 0.128 MXN 1 MXN = 7.825 JPY
Japanese Yen Swidish Krona 1 JPY = 0.068 SEK 1 SEK = 14.684 JPY
Pound Sterling Australian Dollar 1 GBP = 2.082 AUD 1 AUD = 0.480 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.964 CAD 1 CAD = 0.509 GBP
Pound Sterling Swiss Franc 1 GBP = 1.457 CHF 1 CHF = 0.686 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.632 CNY 1 CNY = 0.104 GBP
Pound Sterling Mexican Peso 1 GBP = 24.371 MXN 1 MXN = 0.041 GBP
Pound Sterling Swidish Krona 1 GBP = 13.059 SEK 1 SEK = 0.077 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.942 CAD 1 CAD = 1.061 AUD
Australian Dollar Swiss Franc 1 AUD = 0.696 CHF 1 CHF = 1.437 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.626 CNY 1 CNY = 0.216 AUD
Australian Dollar Mexican Peso 1 AUD = 11.697 MXN 1 MXN = 0.085 AUD
Australian Dollar Swidish Krona 1 AUD = 6.270 SEK 1 SEK = 0.159 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.742 CHF 1 CHF = 1.348 CAD
Canadian Dollar Chinese Yuan 1 CAD = 4.906 CNY 1 CNY = 0.204 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.410 MXN 1 MXN = 0.081 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.651 SEK 1 SEK = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.612 CNY 1 CNY = 0.151 CHF
Swiss Franc Mexican Peso 1 CHF = 16.717 MXN 1 MXN = 0.060 CHF
Swiss Franc Swidish Krona 1 CHF = 8.968 SEK 1 SEK = 0.112 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.360 SEK 1 SEK = 0.735 CNY

See what else happened on July 10, 2015