Financial news on July 13th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.2215.3515.1615.2157.9M
JPMorgan ChaseJPM39.8140.6939.7440.4848.6M
Cisco SystemsCSCO23.0423.2822.9923.0945M
Wells Fargo & Co.WFC27.3728.0827.3227.9431.7M
AT&T Inc.T24.9325.1824.9124.9526.2M
Verizon CommunicationsVZ26.8527.0726.7126.8922.7M
Oracle Corp.ORCL23.5023.8723.4623.7122.2M
Home DepotHD28.4928.9428.2928.6422.1M
HP Inc.HPQ46.1347.0245.9146.7714.5M
Abbott LaboratoriesABT47.7847.8947.6247.6714.4M
Bristol-Myers SquibbBMY25.3625.6025.2025.3114M
Wal-Mart StoresWMT50.3550.6950.1050.5413.2M
Johnson & JohnsonJNJ60.5960.9660.4460.5010.9M
Procter & GamblePG62.3062.8562.1762.3910.5M
Berkshire HathawayBRK.B79.7580.2379.1079.869.22M
Gilead SciencesGILD34.6435.4534.5235.209.01M
Walt Disney & Co.DIS34.1134.6733.9634.458.65M
UnitedHealth GroupUNH30.2430.2729.8030.146.91M
International Business MachinesIBM128.97130.98128.69130.486.69M
Union PacificUNP73.6474.1071.6972.445.25M
United TechnologiesUTX67.1868.3267.1867.765.04M
Exchange Rates of July 13th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.670 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.031 CAD1 CAD = 0.970 USD
US DollarSwiss Franc1 USD = 1.054 CHF1 CHF = 0.948 USD
US DollarChinese Yuan1 USD = 6.772 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 112.860 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.838 GBP1 GBP = 1.193 EUR
EuroAustralian Dollar1 EUR = 1.440 AUD1 AUD = 0.694 EUR
EuroCanadian Dollar1 EUR = 1.312 CAD1 CAD = 0.762 EUR
EuroSwiss Franc1 EUR = 1.342 CHF1 CHF = 0.745 EUR
EuroChinese Yuan1 EUR = 8.623 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.742 GBP1 GBP = 1.347 JPY
Japanese YenAustralian Dollar1 JPY = 1.275 AUD1 AUD = 0.784 JPY
Japanese YenCanadian Dollar1 JPY = 1.162 CAD1 CAD = 0.861 JPY
Japanese YenSwiss Franc1 JPY = 1.189 CHF1 CHF = 0.841 JPY
Pound SterlingAustralian Dollar1 GBP = 1.718 AUD1 AUD = 0.582 GBP
Pound SterlingCanadian Dollar1 GBP = 1.565 CAD1 CAD = 0.639 GBP
Pound SterlingSwiss Franc1 GBP = 1.601 CHF1 CHF = 0.625 GBP
Pound SterlingChinese Yuan1 GBP = 10.275 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.911 CAD1 CAD = 1.098 AUD
Australian DollarSwiss Franc1 AUD = 0.931 CHF1 CHF = 1.074 AUD
Australian DollarChinese Yuan1 AUD = 5.984 CNY1 CNY = 0.167 AUD
Canadian DollarSwiss Franc1 CAD = 1.022 CHF1 CHF = 0.979 CAD
Canadian DollarChinese Yuan1 CAD = 6.574 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.425 CNY1 CNY = 0.156 CHF

See what else happened on July 13th, 2010