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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC16.5016.8916.4616.8395.5M
General ElectricGE11.5711.7311.4611.6471.6M
Wells Fargo & Co.WFC24.7224.8323.9524.4067.9M
JPMorgan ChaseJPM34.5335.0934.0634.7052.9M
Cisco SystemsCSCO18.4318.9418.4318.7347M
MicrosoftMSFT23.2023.2222.8623.1145.4M
PfizerPFE14.6614.9414.6214.9037.3M
AT&T Inc.T23.7023.8123.2723.4527.1M
ExxonMobilXOM66.2066.3565.4666.2222.9M
Oracle Corp.ORCL20.6420.7220.2820.6322.1M
Johnson & JohnsonJNJ58.0058.7157.4458.2320.4M
ConocoPhillipsCOP40.8341.2440.1840.5519.1M
Abbott LaboratoriesABT46.4746.8245.9746.4916.6M
Home DepotHD23.0923.6922.9523.6815.6M
MerckMRK26.9027.3125.0527.1613.9M
HP Inc.HPQ36.9237.2836.6737.1413.9M
AltriaMO16.6316.7016.5616.6413.8M
Verizon CommunicationsVZ29.0229.1728.7428.9513.6M
Wal-Mart StoresWMT47.8648.1547.5448.1313.5M
ChevronCVX63.0063.3462.3763.0012.9M
Procter & GamblePG53.0753.7752.7453.5412.8M
ComcastCMCSA13.5113.6913.4513.5612.7M
AppleAAPL142.03143.18141.16142.2712.4M
Bristol-Myers SquibbBMY19.5219.5819.3619.4710.9M
Walt Disney & Co.DIS22.7223.2122.6623.1110.4M
UnitedHealth GroupUNH25.5725.7324.6124.779.71M
AmgenAMGN57.9058.7857.8358.108.52M
Coca-ColaKO49.0249.3548.7449.297.68M
SchlumbergerSLB51.9052.4551.3251.837.32M
McDonald'sMCD57.2457.5256.8657.466.67M
Gilead SciencesGILD45.3545.6344.7544.915.91M
AlphabetGOOGL423.71426.73420.87424.695.79M
BoeingBA40.3940.9040.1140.415.75M
Union PacificUNP52.3053.4552.0753.285.5M
International Business MachinesIBM103.42103.62102.52103.255.41M
PepsicoPEP55.6356.1255.3856.094.57M
AmazonAMZN81.4882.4280.4281.954.54M
United TechnologiesUTX51.6051.7450.8751.583.61M
3MMMM60.4761.0060.0060.633.54M
VisaV60.5060.5159.6460.293.32M
Berkshire HathawayBRK.B2848.002875.002838.002870.0028K
Exchange Rates of July 14, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.580 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.134 CAD1 CAD = 0.882 USD
US DollarSwiss Franc1 USD = 1.088 CHF1 CHF = 0.919 USD
US DollarChinese Yuan1 USD = 6.834 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 130.750 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.856 GBP1 GBP = 1.168 EUR
EuroAustralian Dollar1 EUR = 1.758 AUD1 AUD = 0.569 EUR
EuroCanadian Dollar1 EUR = 1.584 CAD1 CAD = 0.631 EUR
EuroSwiss Franc1 EUR = 1.520 CHF1 CHF = 0.658 EUR
EuroChinese Yuan1 EUR = 9.546 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.654 GBP1 GBP = 1.529 JPY
Japanese YenAustralian Dollar1 JPY = 1.343 AUD1 AUD = 0.744 JPY
Japanese YenCanadian Dollar1 JPY = 1.210 CAD1 CAD = 0.826 JPY
Japanese YenSwiss Franc1 JPY = 1.162 CHF1 CHF = 0.861 JPY
Pound SterlingAustralian Dollar1 GBP = 2.053 AUD1 AUD = 0.487 GBP
Pound SterlingCanadian Dollar1 GBP = 1.851 CAD1 CAD = 0.540 GBP
Pound SterlingSwiss Franc1 GBP = 1.776 CHF1 CHF = 0.563 GBP
Australian DollarCanadian Dollar1 AUD = 0.901 CAD1 CAD = 1.110 AUD
Australian DollarSwiss Franc1 AUD = 0.865 CHF1 CHF = 1.157 AUD
Australian DollarChinese Yuan1 AUD = 5.430 CNY1 CNY = 0.184 AUD
Canadian DollarSwiss Franc1 CAD = 0.960 CHF1 CHF = 1.042 CAD
Canadian DollarChinese Yuan1 CAD = 6.030 CNY1 CNY = 0.166 CAD
Swiss FrancChinese Yuan1 CHF = 6.277 CNY1 CNY = 0.159 CHF

See what else happened on July 14, 2009