Financial news on July 12th, 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..


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
General ElectricGE14.9014.9914.7814.9338.4M
Cisco SystemsCSCO22.6122.9822.6122.8630.6M
JPMorgan ChaseJPM38.8639.3438.6039.1925M
Verizon CommunicationsVZ26.6526.7026.4226.4920.7M
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
Abbott LaboratoriesABT48.1048.1047.6047.8212M
Johnson & JohnsonJNJ60.4860.5460.0660.2110.8M
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
Berkshire HathawayBRK.B79.5779.8078.6679.475.08M
International Business MachinesIBM127.37128.83127.16128.674.21M
Union PacificUNP71.2772.9271.0272.693.87M
United TechnologiesUTX67.1867.5966.2766.683.79M
Exchange Rates of July 12th, 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 12th, 2010