Financial news on July 13, 2010

Business and Financial news
Europeans Weigh Details of Stress Test, and How Much to Disclose

Discussions are aimed at deciding how much information to reveal after the bank tests are completed. Read more..

By JAMES KANTER - The New York Times

Europeans Weigh How Much to Disclose of Stress Test

European Union finance ministers met Monday to start two days of discussions partly aimed at deciding how much information to reveal after they complete tests on the ability of banks to survive if governments default on their debts, The New York Times reported. Read more..

By DEALBOOK - The New York Times

Financial Overhaul Moves Closer to Final Vote

Senate Democrats say they have cobbled together the minimum 60 votes needed to close off debate on the financial bill and advance to a final vote later this week. Read more..

By DEALBOOK - The New York Times

Hefner Wants to Take Playboy Private

The company’s founder has offered to buy any outstanding shares of the media empire for $5.50 each. Read more..

By THE ASSOCIATED PRESS - The New York Times

J.&J. Will Buy a Stroke-Treatment Company for $480 Million

Johnson & Johnson will pay $480 million in cash for Micrus Endovascular, which makes catheters and other devices to treat stroke-related problems in the brain. Read more..

By NATASHA SINGER - The New York Times

K.K.R. and Tech Companies to Go Public This Week

A handful of young technology companies are expected to kick off the market for initial public offerings in the third quarter on a hopeful note, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Morgan Stanley’s P.E. Chief Said to Resign

Steve Trevor is resigning as co-head of Morgan Stanley’s private equity division, the latest change as the Wall Street firm overhauls its investment management unit, Reuters reported. Read more..

By DEALBOOK - The New York Times

Morning Take-Out

And in Today’s Morning Take-Out: 1. Where too much time with the ideas ball can take you 2. More recession speculation 3. Business and the World Cup Read more..

By DEALBOOK - The New York Times

Paulson Likes What He Sees in Overhaul

The former Treasury secretary wishes he’d had the tools in the financial overhaul bill when the crisis began. Read more..

By ANDREW ROSS SORKIN - The New York Times

Snowe to Back Financial Regulation Bill

Senator Olympia J. Snowe, Republican of Maine, said Monday that she was prepared to support the final version of legislation to overhaul the nation’s financial regulatory system, putting the Senate in a position to complete the bill by week’s end. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.97 22.28 20.82 21.01 103M
Microsoft MSFT 25.14 25.30 24.90 25.13 61.9M
General Electric GE 15.22 15.35 15.16 15.21 57.9M
Pfizer PFE 15.00 15.10 14.76 14.79 50M
JPMorgan Chase JPM 39.81 40.69 39.74 40.48 48.6M
Cisco Systems CSCO 23.04 23.28 22.99 23.09 45M
Apple AAPL 256.32 256.40 246.43 251.80 42.5M
Wells Fargo & Co. WFC 27.37 28.08 27.32 27.94 31.7M
ExxonMobil XOM 59.60 59.72 59.04 59.42 30.5M
Comcast CMCSA 18.70 19.22 18.64 19.02 29.2M
AT&T Inc. T 24.93 25.18 24.91 24.95 26.2M
Verizon Communications VZ 26.85 27.07 26.71 26.89 22.7M
Oracle Corp. ORCL 23.50 23.87 23.46 23.71 22.2M
Home Depot HD 28.49 28.94 28.29 28.64 22.1M
HP Inc. HPQ 46.13 47.02 45.91 46.77 14.5M
Abbott Laboratories ABT 47.78 47.89 47.62 47.67 14.4M
Bristol-Myers Squibb BMY 25.36 25.60 25.20 25.31 14M
Chevron CVX 72.99 73.58 72.50 73.23 13.8M
Wal-Mart Stores WMT 50.35 50.69 50.10 50.54 13.2M
Merck MRK 36.13 36.70 36.03 36.45 12.9M
Altria MO 21.38 21.45 21.22 21.34 12.1M
ConocoPhillips COP 52.89 53.65 52.69 53.22 11.3M
Johnson & Johnson JNJ 60.59 60.96 60.44 60.50 10.9M
Procter & Gamble PG 62.30 62.85 62.17 62.39 10.5M
Schlumberger SLB 59.10 59.70 58.56 58.62 9.27M
Berkshire Hathaway BRK.B 79.75 80.23 79.10 79.86 9.22M
Gilead Sciences GILD 34.64 35.45 34.52 35.20 9.01M
Walt Disney & Co. DIS 34.11 34.67 33.96 34.45 8.65M
Alphabet GOOGL 482.25 492.99 480.28 489.20 7.94M
Pepsico PEP 64.25 64.26 63.35 63.43 7.31M
Amazon AMZN 120.69 124.88 120.30 123.65 7.09M
UnitedHealth Group UNH 30.24 30.27 29.80 30.14 6.91M
Coca-Cola KO 52.74 52.95 52.60 52.72 6.85M
International Business Machines IBM 128.97 130.98 128.69 130.48 6.69M
Boeing BA 65.15 65.36 64.18 64.43 6.21M
McDonald's MCD 70.44 71.07 70.12 70.84 6.07M
Union Pacific UNP 73.64 74.10 71.69 72.44 5.25M
3M MMM 82.84 84.57 82.84 83.55 5.14M
United Technologies UTX 67.18 68.32 67.18 67.76 5.04M
Visa V 77.80 77.80 75.47 76.59 4.98M
Amgen AMGN 52.66 53.29 52.54 52.76 3.91M
Exchange Rates of July 13, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.670 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.031 CAD 1 CAD = 0.970 USD
US Dollar Swiss Franc 1 USD = 1.054 CHF 1 CHF = 0.948 USD
US Dollar Chinese Yuan 1 USD = 6.772 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 112.860 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.838 GBP 1 GBP = 1.193 EUR
Euro Australian Dollar 1 EUR = 1.440 AUD 1 AUD = 0.694 EUR
Euro Canadian Dollar 1 EUR = 1.312 CAD 1 CAD = 0.762 EUR
Euro Swiss Franc 1 EUR = 1.342 CHF 1 CHF = 0.745 EUR
Euro Chinese Yuan 1 EUR = 8.623 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.742 GBP 1 GBP = 1.347 JPY
Japanese Yen Australian Dollar 1 JPY = 1.275 AUD 1 AUD = 0.784 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.162 CAD 1 CAD = 0.861 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.718 AUD 1 AUD = 0.582 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.565 CAD 1 CAD = 0.639 GBP
Pound Sterling Swiss Franc 1 GBP = 1.601 CHF 1 CHF = 0.625 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.275 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.911 CAD 1 CAD = 1.098 AUD
Australian Dollar Swiss Franc 1 AUD = 0.931 CHF 1 CHF = 1.074 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.984 CNY 1 CNY = 0.167 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.022 CHF 1 CHF = 0.979 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.574 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.425 CNY 1 CNY = 0.156 CHF

See what else happened on July 13, 2010