Financial news on July 13th, 2010
Business and Financial news
Discussions are aimed at deciding how much information to reveal after the bank tests are completed. Read more..
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..
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..
The company’s founder has offered to buy any outstanding shares of the media empire for $5.50 each. Read more..
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..
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..
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..
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..
The former Treasury secretary wishes he’d had the tools in the financial overhaul bill when the crisis began. Read more..
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..
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 13th, 2010
Currencies | Exchange 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 13th, 2010