Financial news on July 12, 2010

Business and Financial news
A Film That Explores Humanity on Wall Street

Actors in “Margin Call,” a film about bankers dealing with the financial crisis, described how they researched their roles. Read more..

By ERIC DASH - The New York Times

A Web Site That’s Not Afraid to Pick a Fight

In its usual controversial tone, Jezebel, a blog for women, garnered more than 211,000 page views on a post calling “The Daily Show” sexist. Read more..

By JENNIFER MASCIA - The New York Times

Dubai World Backs Out of Malaysia Property

The property arm of the embattled state conglomerate Dubai World is selling off its stake in a luxury property partnership in Malaysia, according to press reports. Read more..

By DEALBOOK - The New York Times

In Cable Delivery, Rivals Are Pouncing

Verizon’s play for subscribers is fresh evidence that cable giants like Time Warner are under increasing pressure. Read more..

By BROOKS BARNES and BRIAN STELTER - The New York Times

Numberplay: The Pyramid of Shame

A set of problems to drive home the fallacy behind pyramid or Ponzi schemes. Read more..

By PRADEEP MUTALIK - The New York Times

Short-term Borrowing a Gathering Storm

The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years. Read more..

By DEALBOOK - The New York Times

Simons Links SUNY Gift to Tuition Flexibility

James Simons, a hedge fund manager who is one of the world’s wealthiest men, has emerged as a powerful behind-the-scenes force, in a battle over Gov. David A. Paterson’s controversial proposal to overhaul New York’s public universities, The New York Times reports. Read more..

By DEALBOOK - The New York Times

Staples to Buy Corporate Express Australia

The American office products retailer Staples will complete a proposed deal to buy Corporate Express Australia, the company said on Sunday, Reuters reported. Read more..

By DEALBOOK - The New York Times

YouTube Will Back Its Most Promising Video Creators

YouTube, a division of Google, is exploring a new way to get more high-quality clips on its site: financing amateur video creators. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC20.3120.6520.3020.5756.6M
MicrosoftMSFT24.4324.8924.4224.8349.9M
General ElectricGE14.9014.9914.7814.9338.4M
PfizerPFE14.7314.9414.6914.9338.4M
Cisco SystemsCSCO22.6122.9822.6122.8630.6M
ComcastCMCSA17.9218.5917.8518.5130.3M
JPMorgan ChaseJPM38.8639.3438.6039.1925M
ExxonMobilXOM58.2958.9458.2058.9423.5M
Verizon CommunicationsVZ26.6526.7026.4226.4920.7M
AppleAAPL258.53261.85254.86257.2920.1M
Oracle Corp.ORCL23.2123.4823.1123.3819.3M
Wells Fargo & Co.WFC26.9327.1326.5627.0618.8M
AT&T Inc.T24.7524.8624.6124.8417.3M
Home DepotHD28.2328.7628.2328.3114.3M
Wal-Mart StoresWMT49.7850.3349.6850.1213.4M
Bristol-Myers SquibbBMY25.6025.6025.1125.2612.7M
MerckMRK36.2036.2435.8436.0912.6M
ConocoPhillipsCOP52.0452.6451.7852.1012.4M
Abbott LaboratoriesABT48.1048.1047.6047.8212M
Johnson & JohnsonJNJ60.4860.5460.0660.2110.8M
AltriaMO21.4021.4821.2321.3010.7M
HP Inc.HPQ45.0245.7845.0245.6810.5M
Walt Disney & Co.DIS33.5833.8933.3933.7710.1M
Gilead SciencesGILD34.7034.7334.3034.489.48M
UnitedHealth GroupUNH29.9130.0729.6130.048.9M
Procter & GamblePG61.5462.1661.3462.098.32M
ChevronCVX71.5372.1371.3571.857.35M
SchlumbergerSLB58.4258.9657.6058.257.02M
AlphabetGOOGL472.37479.44471.08475.836.66M
McDonald'sMCD68.9670.0068.9669.945.42M
Coca-ColaKO52.1652.4751.9552.455.39M
Berkshire HathawayBRK.B79.5779.8078.6679.475.08M
AmazonAMZN117.81119.70117.32119.514.78M
AmgenAMGN52.2452.5651.9052.444.25M
International Business MachinesIBM127.37128.83127.16128.674.21M
PepsicoPEP63.2563.7563.0563.744.21M
VisaV75.9977.3775.8876.513.96M
Union PacificUNP71.2772.9271.0272.693.87M
United TechnologiesUTX67.1867.5966.2766.683.79M
3MMMM81.8782.2681.3682.263.21M
BoeingBA64.5564.9864.0164.342.3M
Exchange Rates of July 12, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.620 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.036 CAD1 CAD = 0.965 USD
US DollarSwiss Franc1 USD = 1.060 CHF1 CHF = 0.943 USD
US DollarChinese Yuan1 USD = 6.772 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 111.560 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.838 GBP1 GBP = 1.194 EUR
EuroAustralian Dollar1 EUR = 1.435 AUD1 AUD = 0.697 EUR
EuroCanadian Dollar1 EUR = 1.304 CAD1 CAD = 0.767 EUR
EuroSwiss Franc1 EUR = 1.335 CHF1 CHF = 0.749 EUR
EuroChinese Yuan1 EUR = 8.523 CNY1 CNY = 0.117 EUR
Japanese YenPound Sterling1 JPY = 0.750 GBP1 GBP = 1.333 JPY
Japanese YenAustralian Dollar1 JPY = 1.286 AUD1 AUD = 0.778 JPY
Japanese YenCanadian Dollar1 JPY = 1.169 CAD1 CAD = 0.856 JPY
Japanese YenSwiss Franc1 JPY = 1.196 CHF1 CHF = 0.836 JPY
Pound SterlingAustralian Dollar1 GBP = 1.713 AUD1 AUD = 0.584 GBP
Pound SterlingCanadian Dollar1 GBP = 1.557 CAD1 CAD = 0.642 GBP
Pound SterlingSwiss Franc1 GBP = 1.593 CHF1 CHF = 0.628 GBP
Pound SterlingChinese Yuan1 GBP = 10.163 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.909 CAD1 CAD = 1.100 AUD
Australian DollarSwiss Franc1 AUD = 0.930 CHF1 CHF = 1.075 AUD
Australian DollarChinese Yuan1 AUD = 5.940 CNY1 CNY = 0.168 AUD
Canadian DollarSwiss Franc1 CAD = 1.023 CHF1 CHF = 0.977 CAD
Canadian DollarChinese Yuan1 CAD = 6.536 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.383 CNY1 CNY = 0.157 CHF

See what else happened on July 12, 2010