Financial news on June 12, 2012

Business and Financial news
Ads Promise You’ll Fall in Love With Cape Cod (Chips)

A campaign for Cape Cod kettle-cooked chips is called the first for the brand that includes television and social media. Read more..

By STUART ELLIOTT - The New York Times

A Possible Battery Breakthrough

June 12, 2012 - A battery breakthrough for electric cars... perhaps. Read more..

Mac William Bishop, Nadia Sussman, Channon Hodge and Pedro Rosado - The New York Times

Business Day Live | June 12, 2012

A battery breakthrough for electric cars... perhaps. | Europe struggles to keep contagion out of Italy. | Hopes for job creation, in Ohio's pottery industry. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Europe’s Airlines Will Lose $1.1 Billion, Trade Group Predicts

International Air Transport Assn nearly doubles its forecast of European airline losses in 2012 to $1.1 billion, and says the worldwide aviation industry will make a total profit of $3 billion on revenue of $631 billion, a 0.5 percent margin, due to high fuel prices; notes American and Asian airlines should profit. Read more..

By THE ASSOCIATED PRESS - The New York Times

For Ohio Pottery, a Small Revival

Starbucks hires the American Mug and Stein Co in East Liverpool, Ohio, to make its new line of coffee mugs; factory's production keeps four people employed and creates eight new jobs; money from the sale of the mugs and other merchandise will go to support Starbuck's Create Jobs for USA Fund, which helps small businesses. Read more..

By STEPHANIE STROM - The New York Times

French Publisher Group Strikes Deal With Google Over E-Books

French Publishers Association and the Societe des Gens de Lettres drop lawsuits in which they contended Google’s book-scanning in France violated copyright law; say they will offer digital versions of their works for Google to sell. Read more..

By ERIC PFANNER - The New York Times

Pottery Makes a Comeback in Ohio

June 12, 2012 - Hopes for job creation, in Ohio's pottery industry. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Rally Fizzles After Relief About Bailout Yields to Fears

Market enthusiasm over the Spanish bank bailout fades quickly; stocks in the United States and Europe fall and borrowing costs soar for some of the euro zone’s most indebted members. Read more..

By CHRISTINE HAUSER and DAVID JOLLY - The New York Times

Time's Short in the Race to Save the Euro

While investors' confidence in European leaders' ability to stem the debt crisis ebbs by the day, the redesign under discussion to strengthen the currency's foundations will take months, if not years. Read more..

By PAUL TAYLOR | REUTERS - International Herald Tribune

Worry for Italy Quickly Replaces Relief for Spain

Concerns are growing that Italy could be the next victim of Europe's financial infection, leading nervous investors to sell Italian stocks and bonds and dampening euphoria over deal to bail out Spain's banks; main fear is that Italy cannot grow its way out of a recession fast enough to pay a mountainous national debt, and that as the third-largest euro zone economy after Germany and France, Italy will have to shoulder a large portion of the bailout bill even as it grapples with its own sharp economic downturn. Read more..

By LIZ ALDERMAN and ELISABETTA POVOLEDO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19,1619,4819,0919,4847.1M
JPMorgan ChaseJPM32,8833,7832,5133,7743.3M
MicrosoftMSFT29,1029,3028,8429,2935.3M
Cisco SystemsCSCO16,5716,8416,5116,7932.7M
Wells Fargo & Co.WFC31,1231,3830,3431,3032.4M
IntelINTC26,1226,5426,0526,5229.1M
AT&T Inc.T34,6334,9934,4234,9827.8M
Johnson & JohnsonJNJ62,1663,2761,8363,0826.7M
Oracle Corp.ORCL27,0027,1526,7327,0326.2M
ComcastCMCSA30,1330,4729,9230,4525M
PfizerPFE22,1622,2121,9322,1924.6M
FacebookFB27,4827,7726,9627,4015.8M
AppleAAPL574,46576,62566,70576,1615.5M
ExxonMobilXOM80,7481,5180,6281,2614.2M
Verizon CommunicationsVZ42,6742,9542,3542,9413.5M
AltriaMO33,0833,4732,9133,4311.5M
HP Inc.HPQ21,4721,8021,3921,7011.2M
MerckMRK38,6138,8538,3938,8510.5M
Home DepotHD51,5452,3051,4052,249.01M
Wal-Mart StoresWMT67,6767,8567,3067,728.99M
Bristol-Myers SquibbBMY34,3034,3833,9734,258.89M
Abbott LaboratoriesABT61,5261,9961,2061,968.71M
Procter & GamblePG62,5062,7762,2162,767.81M
McDonald'sMCD87,0087,5986,6787,517.76M
Walt Disney & Co.DIS45,7546,4145,5846,387.74M
ConocoPhillipsCOP54,2754,7553,9454,717.44M
United TechnologiesUTX73,6374,6073,6374,356.6M
BoeingBA70,9372,8270,7472,586.46M
AlphabetGOOGL569,77570,30558,58565,106.44M
SchlumbergerSLB64,4665,1463,7964,936.3M
General MotorsGM21,9222,2021,6822,176.1M
UnitedHealth GroupUNH57,4758,1357,0057,846.02M
Coca-ColaKO74,9875,2574,3475,205.96M
ChevronCVX100,20100,9099,56100,745.93M
PepsicoPEP68,2568,5068,0468,405.54M
AmgenAMGN67,8768,6967,6468,623.93M
Berkshire HathawayBRK.B80,4281,3180,0481,263.78M
Gilead SciencesGILD49,4349,6248,8049,423.6M
International Business MachinesIBM192,14194,67192,14194,553.02M
AmazonAMZN217,65218,00214,52216,422.83M
VisaV116,41117,16115,72117,162.6M
3MMMM85,6786,7485,2286,732.57M
Union PacificUNP110,00112,22109,77112,172.06M
Exchange Rates of June 12, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 79,560 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 1,026 CAD1 CAD = 0,975 USD
US DollarSwiss Franc1 USD = 0,960 CHF1 CHF = 1,041 USD
US DollarChinese Yuan1 USD = 6,371 CNY1 CNY = 0,157 USD
EuroJapanese Yen1 EUR = 99,482 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,803 GBP1 GBP = 1,245 EUR
EuroAustralian Dollar1 EUR = 1,256 AUD1 AUD = 0,796 EUR
EuroCanadian Dollar1 EUR = 1,283 CAD1 CAD = 0,780 EUR
EuroSwiss Franc1 EUR = 1,201 CHF1 CHF = 0,833 EUR
EuroChinese Yuan1 EUR = 7,968 CNY1 CNY = 0,126 EUR
Japanese YenPound Sterling1 JPY = 0,807 GBP1 GBP = 1,239 JPY
Japanese YenAustralian Dollar1 JPY = 1,262 AUD1 AUD = 0,793 JPY
Japanese YenCanadian Dollar1 JPY = 1,289 CAD1 CAD = 0,776 JPY
Japanese YenSwiss Franc1 JPY = 1,207 CHF1 CHF = 0,829 JPY
Pound SterlingAustralian Dollar1 GBP = 1,564 AUD1 AUD = 0,639 GBP
Pound SterlingCanadian Dollar1 GBP = 1,597 CAD1 CAD = 0,626 GBP
Pound SterlingSwiss Franc1 GBP = 1,495 CHF1 CHF = 0,669 GBP
Pound SterlingChinese Yuan1 GBP = 9,926 CNY1 CNY = 0,101 GBP
Australian DollarCanadian Dollar1 AUD = 1,021 CAD1 CAD = 0,980 AUD
Australian DollarSwiss Franc1 AUD = 0,956 CHF1 CHF = 1,047 AUD
Australian DollarChinese Yuan1 AUD = 6,334 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 0,936 CHF1 CHF = 1,069 CAD
Canadian DollarChinese Yuan1 CAD = 6,211 CNY1 CNY = 0,161 CAD
Swiss FrancChinese Yuan1 CHF = 6,634 CNY1 CNY = 0,151 CHF

See what else happened on June 12, 2012