Financial news on July 14th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23,4323,8923,3923,7461.5M
General ElectricGE15,2615,3015,0615,2045.7M
JPMorgan ChaseJPM40,1540,3839,8440,3537.3M
Oracle Corp.ORCL23,8524,1923,7223,9434.8M
Wells Fargo & Co.WFC27,7027,7827,2527,6631.3M
AT&T Inc.T24,8625,1124,7924,9621.1M
Verizon CommunicationsVZ26,9327,0526,6326,8418.2M
Bristol-Myers SquibbBMY25,2225,2624,9025,0914.6M
Procter & GamblePG62,2162,7962,0062,6613.8M
HP Inc.HPQ47,0647,9747,0247,3413.8M
Home DepotHD28,5528,5528,0928,2813.6M
Abbott LaboratoriesABT47,5347,8647,1747,8511.6M
Gilead SciencesGILD35,3335,4934,7034,8110.9M
Wal-Mart StoresWMT50,0550,3650,0450,3510.7M
Johnson & JohnsonJNJ60,1660,6860,0560,629.67M
Walt Disney & Co.DIS34,2434,5133,9234,247.96M
International Business MachinesIBM129,32131,60129,14130,726.61M
Berkshire HathawayBRK.B79,9279,9279,0579,356.49M
UnitedHealth GroupUNH30,0030,3929,7830,324.71M
United TechnologiesUTX67,6368,3467,3868,013.44M
Union PacificUNP72,0573,0271,4272,592.58M
Exchange Rates of July 14th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88,390 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,032 CAD1 CAD = 0,969 USD
US DollarSwiss Franc1 USD = 1,051 CHF1 CHF = 0,951 USD
US DollarChinese Yuan1 USD = 6,771 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 112,640 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,834 GBP1 GBP = 1,198 EUR
EuroAustralian Dollar1 EUR = 1,442 AUD1 AUD = 0,694 EUR
EuroCanadian Dollar1 EUR = 1,315 CAD1 CAD = 0,761 EUR
EuroSwiss Franc1 EUR = 1,339 CHF1 CHF = 0,747 EUR
EuroChinese Yuan1 EUR = 8,641 CNY1 CNY = 0,116 EUR
Japanese YenPound Sterling1 JPY = 0,741 GBP1 GBP = 1,350 JPY
Japanese YenAustralian Dollar1 JPY = 1,279 AUD1 AUD = 0,782 JPY
Japanese YenCanadian Dollar1 JPY = 1,167 CAD1 CAD = 0,857 JPY
Japanese YenSwiss Franc1 JPY = 1,189 CHF1 CHF = 0,841 JPY
Pound SterlingAustralian Dollar1 GBP = 1,727 AUD1 AUD = 0,579 GBP
Pound SterlingCanadian Dollar1 GBP = 1,575 CAD1 CAD = 0,635 GBP
Pound SterlingSwiss Franc1 GBP = 1,605 CHF1 CHF = 0,623 GBP
Pound SterlingChinese Yuan1 GBP = 10,332 CNY1 CNY = 0,097 GBP
Australian DollarCanadian Dollar1 AUD = 0,912 CAD1 CAD = 1,097 AUD
Australian DollarSwiss Franc1 AUD = 0,929 CHF1 CHF = 1,077 AUD
Australian DollarChinese Yuan1 AUD = 5,986 CNY1 CNY = 0,167 AUD
Canadian DollarSwiss Franc1 CAD = 1,018 CHF1 CHF = 0,982 CAD
Canadian DollarChinese Yuan1 CAD = 6,568 CNY1 CNY = 0,152 CAD
Swiss FrancChinese Yuan1 CHF = 6,426 CNY1 CNY = 0,156 CHF

See what else happened on July 14th, 2010