Financial news on July 14, 2010

Business and Financial news
AIDS Agency Gets a New Home, and a Founder’s Ire

Gay Health Men’s Crisis, an organization that serves H.I.V.-positive people, has to shift locations because of high rent increases. Read more..

By FRED A. BERNSTEIN - The New York Times

An Artificial Heart Its Makers Say Could Be a Standard Replacement

Carmat said it was testing what is known as a total artificial heart, an electronic device with synthetic and human tissue to replace a patient’s heart. Read more..

By DAVID JOLLY - The New York Times

Apps We Wish We Had

Hundreds of thousands of apps exist, but new ones are welcome. Here, app ideas from parking to getting dressed. Read more..

By DAVID POGUE - The New York Times

Are Hedge Funds Hoping for an Apple ‘Slingshot’?

Hedge funds are cheering Consumer Reports’ somewhat damning review of the iPhone 4, as they await an “Apple slingshot,” Jason Schwarz writes on Seeking Alpha. Read more..

By DEALBOOK - The New York Times

Asian Stocks Up, Powered by Intel and Singapore

Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel and Singapore’s forecast that its economy will grow a blistering 15 percent this year. Read more..

By DEALBOOK - The New York Times

China’s Tianjin Said to Merge 4 Steel Firms

Four steel companies in the northern Chinese city of Tianjin have announced that they will merge as part of a central government plan to consolidate the sector, the local municipal government said on Wednesday, Reuters reported. Read more..

By DEALBOOK - The New York Times

CNN Nears Deal to Fill King’s Slot

Piers Morgan, the bad-cop judge on the hit NBC show “America’s Got Talent,” is poised to take over Larry King’s coveted time slot on CNN, a move smoothed by an imminent deal between the two media giants that own the channels, NBC Universal and Turner Broadcasting, The New York Times reports. Read more..

By DEALBOOK - The New York Times

F.D.A. Orders Baxter Recall of IV Pumps

The agency has told the company to provide a refund or a no-cost replacement to customers in the United States. Read more..

By REUTERS - The New York Times

Golub Resigns as A.I.G.’s Chairman

Harvey Golub has resigned amid continued bickering with the bailed-out insurer’s chief executive, Robert H. Benmosche. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Mizuho to Raise About $8.5 Billion in Share Sale

Mizuho Financial Group, one of the largest banks in Japan, said that it had set a price for a share offering that could raise up to 748 billion yen, or $8.46 billion. Read more..

By REUTERS - International Herald Tribune

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.06 22.25 21.28 21.36 199M
Microsoft MSFT 25.50 25.61 25.12 25.44 72.8M
Cisco Systems CSCO 23.43 23.89 23.39 23.74 61.5M
General Electric GE 15.26 15.30 15.06 15.20 45.7M
Pfizer PFE 14.73 14.96 14.65 14.84 45.6M
JPMorgan Chase JPM 40.15 40.38 39.84 40.35 37.3M
Oracle Corp. ORCL 23.85 24.19 23.72 23.94 34.8M
Wells Fargo & Co. WFC 27.70 27.78 27.25 27.66 31.3M
Apple AAPL 249.38 255.80 249.00 252.73 29M
ExxonMobil XOM 59.22 59.34 58.62 59.26 26.1M
AT&T Inc. T 24.86 25.11 24.79 24.96 21.1M
Verizon Communications VZ 26.93 27.05 26.63 26.84 18.2M
Comcast CMCSA 19.02 19.22 18.86 18.98 17M
Bristol-Myers Squibb BMY 25.22 25.26 24.90 25.09 14.6M
Procter & Gamble PG 62.21 62.79 62.00 62.66 13.8M
HP Inc. HPQ 47.06 47.97 47.02 47.34 13.8M
Home Depot HD 28.55 28.55 28.09 28.28 13.6M
Chevron CVX 73.01 73.12 72.35 73.05 11.8M
Abbott Laboratories ABT 47.53 47.86 47.17 47.85 11.6M
Merck MRK 36.21 36.37 35.83 36.20 11.2M
Gilead Sciences GILD 35.33 35.49 34.70 34.81 10.9M
Altria MO 21.28 21.35 21.17 21.35 10.9M
Wal-Mart Stores WMT 50.05 50.36 50.04 50.35 10.7M
ConocoPhillips COP 53.09 53.46 52.47 52.80 10.4M
Johnson & Johnson JNJ 60.16 60.68 60.05 60.62 9.67M
Walt Disney & Co. DIS 34.24 34.51 33.92 34.24 7.96M
Schlumberger SLB 58.40 59.52 57.93 58.89 7.88M
International Business Machines IBM 129.32 131.60 129.14 130.72 6.61M
Berkshire Hathaway BRK.B 79.92 79.92 79.05 79.35 6.49M
Alphabet GOOGL 489.88 493.83 486.46 491.34 6.23M
Coca-Cola KO 52.56 52.92 52.42 52.82 6.2M
Pepsico PEP 63.23 63.70 63.06 63.56 5.69M
Amazon AMZN 123.03 123.75 121.47 123.30 5.26M
UnitedHealth Group UNH 30.00 30.39 29.78 30.32 4.71M
McDonald's MCD 70.50 70.98 70.16 70.90 4.48M
Amgen AMGN 52.30 53.00 52.28 52.62 4.08M
Boeing BA 64.29 65.39 64.05 64.75 3.82M
United Technologies UTX 67.63 68.34 67.38 68.01 3.44M
Visa V 76.57 77.00 75.65 76.28 3.2M
3M MMM 83.13 83.68 82.49 83.05 3.11M
Union Pacific UNP 72.05 73.02 71.42 72.59 2.58M
Exchange Rates of July 14, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.390 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.032 CAD 1 CAD = 0.969 USD
US Dollar Swiss Franc 1 USD = 1.051 CHF 1 CHF = 0.951 USD
US Dollar Chinese Yuan 1 USD = 6.771 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 112.640 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.834 GBP 1 GBP = 1.198 EUR
Euro Australian Dollar 1 EUR = 1.442 AUD 1 AUD = 0.694 EUR
Euro Canadian Dollar 1 EUR = 1.315 CAD 1 CAD = 0.761 EUR
Euro Swiss Franc 1 EUR = 1.339 CHF 1 CHF = 0.747 EUR
Euro Chinese Yuan 1 EUR = 8.641 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.741 GBP 1 GBP = 1.350 JPY
Japanese Yen Australian Dollar 1 JPY = 1.279 AUD 1 AUD = 0.782 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.167 CAD 1 CAD = 0.857 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.727 AUD 1 AUD = 0.579 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.575 CAD 1 CAD = 0.635 GBP
Pound Sterling Swiss Franc 1 GBP = 1.605 CHF 1 CHF = 0.623 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.332 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.912 CAD 1 CAD = 1.097 AUD
Australian Dollar Swiss Franc 1 AUD = 0.929 CHF 1 CHF = 1.077 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.986 CNY 1 CNY = 0.167 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.018 CHF 1 CHF = 0.982 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.568 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.426 CNY 1 CNY = 0.156 CHF

See what else happened on July 14, 2010