Financial news on June 14th, 2010

Business and Financial news
Lazard Hires BofA’s Katz for Telecom M.&A.

Lazard said Monday that it had hired Marc H. Katz to serve as managing director for telecom, media and technology. Mr. Katz comes from Bank of America Merrill Lynch, a managing director for mergers and acquisitions in the same industries. Read more..

By DEALBOOK - The New York Times

Merely Human? That’s So Yesterday

On a Tuesday evening this spring, Sergey Brin, the co-founder of Google, became part man and part machine, The New York Times writes. Read more..

By DEALBOOK - The New York Times

Mosaic in Talks to Buy Mexico’s Fertinal, Report Says

Mosaic, the American producer of phosphate and potash fertilizer, is in talks to buy Mexican rival Grupo Fertinal, in a deal that may be valued at as much as $1 billion, The Wall Street Journal reported, citing people familiar with the matter. Read more..

By DEALBOOK - The New York Times

News From the Advertising Industry

Accounts, people and miscellany. Read more..

By STUART ELLIOTT - The New York Times

Nocera: Wake-Up Time for a Dream

Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation, began her week with a bit of honest heresy, the kind that only she, among all the bank regulators, seems willing to utter in the wake of the financial crisis, Joe Nocera writes in his latest column. Read more..

By DEALBOOK - The New York Times

Recipes for Ruin, in the Gulf or on Wall Street

As the oil spill in the Gulf of Mexico follows on the heels of the financial crisis, we can discern a toxic recipe for catastrophe, Richard H. Thaler writes in a column in The New York Times. Read more..

By DEALBOOK - The New York Times

Robert J. Wussler, CBS Executive and Aide to Ted Turner, Dies at 73

Mr. Wussler helped transform a superstation known mostly for its Atlanta Braves baseball coverage into a media enterprise including CNN and the TNT network. Read more..


Stanford’s Co-Defendants Try to Flee the ‘Circus’

White Collar Watch examines why co-defendants of R. Allen Stanford do not want to be put on trial with him for fraud and their prospects for getting separate trials. Read more..

By PETER J. HENNING - The New York Times

The Fight at Landry’s Gets Uglier

A new amended complaint by shareholders over the proposed management buyout of Landry’s Restaurants makes disturbing new charges, the Deal Professor writes. Read more..


Xinjiang Goldwind Cancels Hong Kong I.P.O.

Xinjiang Goldwind, the Chinese alternative energy company, said Monday that it had decided to cancel its $1.2 billion initial public offering because of “unexpected and excessive market volatility.” Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15,7715,8815,3515,3975.7M
Cisco SystemsCSCO23,0823,2822,7322,7657.3M
JPMorgan ChaseJPM37,9738,2737,2337,3348.7M
Wells Fargo & Co.WFC27,8027,9727,3127,4045.5M
AT&T Inc.T25,3725,5525,1525,1724.9M
Oracle Corp.ORCL23,0223,0822,6622,6922.3M
Home DepotHD32,4832,6431,9932,0620.3M
Bristol-Myers SquibbBMY25,0825,5025,0625,2916.9M
Verizon CommunicationsVZ28,7628,8728,5828,6316M
HP Inc.HPQ47,8748,2246,8346,8814.4M
Abbott LaboratoriesABT47,4447,6547,2847,3314.2M
Wal-Mart StoresWMT51,1151,4650,8951,2413.9M
Procter & GamblePG61,3961,7361,2161,2511M
Johnson & JohnsonJNJ58,7059,1058,3858,4210.5M
Walt Disney & Co.DIS34,4934,5733,9233,939.34M
Gilead SciencesGILD34,7435,2634,5734,649.27M
UnitedHealth GroupUNH30,7230,9430,5530,598.39M
International Business MachinesIBM128,50129,97128,49128,506.75M
United TechnologiesUTX66,4967,8366,4466,906.66M
Berkshire HathawayBRK.B74,8775,7774,5974,925.65M
Union PacificUNP74,3074,5072,5972,743.35M
Exchange Rates of June 14th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91,610 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,033 CAD1 CAD = 0,968 USD
US DollarSwiss Franc1 USD = 1,143 CHF1 CHF = 0,875 USD
US DollarChinese Yuan1 USD = 6,833 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 111,910 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,829 GBP1 GBP = 1,207 EUR
EuroAustralian Dollar1 EUR = 1,423 AUD1 AUD = 0,703 EUR
EuroCanadian Dollar1 EUR = 1,262 CAD1 CAD = 0,793 EUR
EuroSwiss Franc1 EUR = 1,395 CHF1 CHF = 0,717 EUR
EuroChinese Yuan1 EUR = 8,345 CNY1 CNY = 0,120 EUR
Japanese YenPound Sterling1 JPY = 0,740 GBP1 GBP = 1,351 JPY
Japanese YenAustralian Dollar1 JPY = 1,271 AUD1 AUD = 0,787 JPY
Japanese YenCanadian Dollar1 JPY = 1,127 CAD1 CAD = 0,887 JPY
Japanese YenSwiss Franc1 JPY = 1,247 CHF1 CHF = 0,802 JPY
Pound SterlingAustralian Dollar1 GBP = 1,717 AUD1 AUD = 0,583 GBP
Pound SterlingCanadian Dollar1 GBP = 1,522 CAD1 CAD = 0,657 GBP
Pound SterlingSwiss Franc1 GBP = 1,684 CHF1 CHF = 0,594 GBP
Pound SterlingChinese Yuan1 GBP = 10,058 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 0,887 CAD1 CAD = 1,128 AUD
Australian DollarSwiss Franc1 AUD = 0,981 CHF1 CHF = 1,020 AUD
Australian DollarChinese Yuan1 AUD = 5,861 CNY1 CNY = 0,171 AUD
Canadian DollarSwiss Franc1 CAD = 1,106 CHF1 CHF = 0,904 CAD
Canadian DollarChinese Yuan1 CAD = 6,610 CNY1 CNY = 0,151 CAD
Swiss FrancChinese Yuan1 CHF = 5,978 CNY1 CNY = 0,167 CHF

See what else happened on June 14th, 2010