Financial news on July 14, 2009

Business and Financial news
Airlines, Already Suffering, Brace for More Woes

Cuts in routes and workers may help weather the slump, but if conditions worsen, some carriers may not survive. Read more..

By MICHELLE HIGGINS and GERRY SHIH - The New York Times

Billy Mays Is Gone, but His Infomercials Go On

Even after death, a legendary pitchman will continue to promote products on television. Read more..

By BRIAN STELTER - The New York Times

Bing Delivers Credibility to Microsoft

The once-dubious prospect that Microsoft could shake up the search business has become just a bit more likely. Read more..

By MIGUEL HELFT - The New York Times

Germany Must Act to Avoid Its Own 'Lost Decade'

Germany is well on its way to making the key mistake that is blamed for Japan's ''lost decade'' of economic stagnation in the 1990s -- failing to clean up its banks decisively. Read more..

By PAUL TAYLOR - International Herald Tribune

I’m a Particle Physicist. Want to Chat?

People don’t necessarily want to talk to a seatmate who’s a scientist. But fortunately, looking like Stephen King does help. Read more..

By MICHAEL TUTS - The New York Times

Japanese Beverage Rivals May Join to Form a Giant

A combined Suntory and Kirin would create a company large enough to raise antitrust issues. Read more..

By HIROKO TABUCHI and BETTINA WASSENER - The New York Times

Obama’s Chief Auto Adviser Steps Down

Steven Rattner, who has faced questions about his firm’s role in a pension scandal, will be succeeded by Ron Bloom. Read more..

By DAVID STOUT and MICHAEL J. de la MERCED - The New York Times

Top Aide to Stanford May Soon Shift Plea to Guilty

Prosecutors say James M. Davis, chief financial officer of the Stanford Financial Group, was involved with a Ponzi scheme run by his boss, R. Allen Stanford. Read more..

By MAURICIO GUERRERO - The New York Times

Two Chinese Airlines to Combine

China Eastern Airlines said it would buy Shanghai Airlines in a share swap. Read more..

By CHRIS NICHOLSON - International Herald Tribune

U.S. Debates Fate of CIT, a Small-Business Lender

The White House is considering whether to draw a line in the sand on banks “too big to fail,” and may start with CIT. Read more..

By JULIE CRESWELL and STEPHEN LABATON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 16.50 16.89 16.46 16.83 95.5M
General Electric GE 11.57 11.73 11.46 11.64 71.6M
Wells Fargo & Co. WFC 24.72 24.83 23.95 24.40 67.9M
JPMorgan Chase JPM 34.53 35.09 34.06 34.70 52.9M
Cisco Systems CSCO 18.43 18.94 18.43 18.73 47M
Microsoft MSFT 23.20 23.22 22.86 23.11 45.4M
Pfizer PFE 14.66 14.94 14.62 14.90 37.3M
AT&T Inc. T 23.70 23.81 23.27 23.45 27.1M
ExxonMobil XOM 66.20 66.35 65.46 66.22 22.9M
Oracle Corp. ORCL 20.64 20.72 20.28 20.63 22.1M
Johnson & Johnson JNJ 58.00 58.71 57.44 58.23 20.4M
ConocoPhillips COP 40.83 41.24 40.18 40.55 19.1M
Abbott Laboratories ABT 46.47 46.82 45.97 46.49 16.6M
Home Depot HD 23.09 23.69 22.95 23.68 15.6M
Merck MRK 26.90 27.31 25.05 27.16 13.9M
HP Inc. HPQ 36.92 37.28 36.67 37.14 13.9M
Altria MO 16.63 16.70 16.56 16.64 13.8M
Verizon Communications VZ 29.02 29.17 28.74 28.95 13.6M
Wal-Mart Stores WMT 47.86 48.15 47.54 48.13 13.5M
Chevron CVX 63.00 63.34 62.37 63.00 12.9M
Procter & Gamble PG 53.07 53.77 52.74 53.54 12.8M
Comcast CMCSA 13.51 13.69 13.45 13.56 12.7M
Apple AAPL 142.03 143.18 141.16 142.27 12.4M
Bristol-Myers Squibb BMY 19.52 19.58 19.36 19.47 10.9M
Walt Disney & Co. DIS 22.72 23.21 22.66 23.11 10.4M
UnitedHealth Group UNH 25.57 25.73 24.61 24.77 9.71M
Amgen AMGN 57.90 58.78 57.83 58.10 8.52M
Coca-Cola KO 49.02 49.35 48.74 49.29 7.68M
Schlumberger SLB 51.90 52.45 51.32 51.83 7.32M
McDonald's MCD 57.24 57.52 56.86 57.46 6.67M
Gilead Sciences GILD 45.35 45.63 44.75 44.91 5.91M
Alphabet GOOGL 423.71 426.73 420.87 424.69 5.79M
Boeing BA 40.39 40.90 40.11 40.41 5.75M
Union Pacific UNP 52.30 53.45 52.07 53.28 5.5M
International Business Machines IBM 103.42 103.62 102.52 103.25 5.41M
Pepsico PEP 55.63 56.12 55.38 56.09 4.57M
Amazon AMZN 81.48 82.42 80.42 81.95 4.54M
United Technologies UTX 51.60 51.74 50.87 51.58 3.61M
3M MMM 60.47 61.00 60.00 60.63 3.54M
Visa V 60.50 60.51 59.64 60.29 3.32M
Berkshire Hathaway BRK.B 2848.00 2875.00 2838.00 2870.00 28K
Exchange Rates of July 14, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.580 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.134 CAD 1 CAD = 0.882 USD
US Dollar Swiss Franc 1 USD = 1.088 CHF 1 CHF = 0.919 USD
US Dollar Chinese Yuan 1 USD = 6.834 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 130.750 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.856 GBP 1 GBP = 1.168 EUR
Euro Australian Dollar 1 EUR = 1.758 AUD 1 AUD = 0.569 EUR
Euro Canadian Dollar 1 EUR = 1.584 CAD 1 CAD = 0.631 EUR
Euro Swiss Franc 1 EUR = 1.520 CHF 1 CHF = 0.658 EUR
Euro Chinese Yuan 1 EUR = 9.546 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.654 GBP 1 GBP = 1.529 JPY
Japanese Yen Australian Dollar 1 JPY = 1.343 AUD 1 AUD = 0.744 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.210 CAD 1 CAD = 0.826 JPY
Japanese Yen Swiss Franc 1 JPY = 1.162 CHF 1 CHF = 0.861 JPY
Pound Sterling Australian Dollar 1 GBP = 2.053 AUD 1 AUD = 0.487 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.851 CAD 1 CAD = 0.540 GBP
Pound Sterling Swiss Franc 1 GBP = 1.776 CHF 1 CHF = 0.563 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.901 CAD 1 CAD = 1.110 AUD
Australian Dollar Swiss Franc 1 AUD = 0.865 CHF 1 CHF = 1.157 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.430 CNY 1 CNY = 0.184 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.960 CHF 1 CHF = 1.042 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.030 CNY 1 CNY = 0.166 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.277 CNY 1 CNY = 0.159 CHF

See what else happened on July 14, 2009