Financial news on June 14, 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..

By RICHARD GOLDSTEIN - The New York Times

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..

By STEVEN DAVIDOFF SOLOMON - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 15,77 15,88 15,35 15,39 75.7M
Intel INTC 20,95 21,14 20,82 20,89 68.9M
Cisco Systems CSCO 23,08 23,28 22,73 22,76 57.3M
Pfizer PFE 15,56 15,60 15,30 15,33 51.3M
Microsoft MSFT 25,86 25,96 25,47 25,50 51M
JPMorgan Chase JPM 37,97 38,27 37,23 37,33 48.7M
Wells Fargo & Co. WFC 27,80 27,97 27,31 27,40 45.5M
Altria MO 20,25 20,25 19,57 19,57 30.9M
AT&T Inc. T 25,37 25,55 25,15 25,17 24.9M
ExxonMobil XOM 62,06 62,46 61,32 61,37 24.7M
Oracle Corp. ORCL 23,02 23,08 22,66 22,69 22.3M
Apple AAPL 255,96 259,15 254,01 254,28 21.5M
Home Depot HD 32,48 32,64 31,99 32,06 20.3M
Bristol-Myers Squibb BMY 25,08 25,50 25,06 25,29 16.9M
ConocoPhillips COP 54,15 54,68 52,71 52,80 16.4M
Verizon Communications VZ 28,76 28,87 28,58 28,63 16M
Comcast CMCSA 18,33 18,56 18,15 18,15 15.4M
HP Inc. HPQ 47,87 48,22 46,83 46,88 14.4M
Abbott Laboratories ABT 47,44 47,65 47,28 47,33 14.2M
Wal-Mart Stores WMT 51,11 51,46 50,89 51,24 13.9M
Merck MRK 35,05 35,25 34,95 35,02 13.7M
Chevron CVX 74,23 75,55 74,16 74,18 11.9M
Schlumberger SLB 60,40 60,91 58,51 58,66 11.8M
Procter & Gamble PG 61,39 61,73 61,21 61,25 11M
Johnson & Johnson JNJ 58,70 59,10 58,38 58,42 10.5M
Visa V 76,95 76,99 73,70 73,78 9.36M
Walt Disney & Co. DIS 34,49 34,57 33,92 33,93 9.34M
Gilead Sciences GILD 34,74 35,26 34,57 34,64 9.27M
UnitedHealth Group UNH 30,72 30,94 30,55 30,59 8.39M
Coca-Cola KO 51,94 51,97 51,46 51,51 6.83M
International Business Machines IBM 128,50 129,97 128,49 128,50 6.75M
United Technologies UTX 66,49 67,83 66,44 66,90 6.66M
Boeing BA 66,22 66,55 64,71 64,82 6M
Berkshire Hathaway BRK.B 74,87 75,77 74,59 74,92 5.65M
Pepsico PEP 63,90 64,23 63,24 63,85 4.94M
McDonald's MCD 69,95 69,98 69,30 69,30 4.53M
Amgen AMGN 54,21 54,82 54,03 54,07 4.27M
Alphabet GOOGL 494,48 494,50 483,19 483,19 4.08M
Amazon AMZN 124,24 125,70 123,50 123,83 3.92M
3M MMM 78,99 79,33 78,06 78,14 3.61M
Union Pacific UNP 74,30 74,50 72,59 72,74 3.35M
Exchange Rates of June 14, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91,610 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,033 CAD 1 CAD = 0,968 USD
US Dollar Swiss Franc 1 USD = 1,143 CHF 1 CHF = 0,875 USD
US Dollar Chinese Yuan 1 USD = 6,833 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 111,910 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,829 GBP 1 GBP = 1,207 EUR
Euro Australian Dollar 1 EUR = 1,423 AUD 1 AUD = 0,703 EUR
Euro Canadian Dollar 1 EUR = 1,262 CAD 1 CAD = 0,793 EUR
Euro Swiss Franc 1 EUR = 1,395 CHF 1 CHF = 0,717 EUR
Euro Chinese Yuan 1 EUR = 8,345 CNY 1 CNY = 0,120 EUR
Japanese Yen Pound Sterling 1 JPY = 0,740 GBP 1 GBP = 1,351 JPY
Japanese Yen Australian Dollar 1 JPY = 1,271 AUD 1 AUD = 0,787 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,127 CAD 1 CAD = 0,887 JPY
Japanese Yen Swiss Franc 1 JPY = 1,247 CHF 1 CHF = 0,802 JPY
Pound Sterling Australian Dollar 1 GBP = 1,717 AUD 1 AUD = 0,583 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,522 CAD 1 CAD = 0,657 GBP
Pound Sterling Swiss Franc 1 GBP = 1,684 CHF 1 CHF = 0,594 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,058 CNY 1 CNY = 0,099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,887 CAD 1 CAD = 1,128 AUD
Australian Dollar Swiss Franc 1 AUD = 0,981 CHF 1 CHF = 1,020 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,861 CNY 1 CNY = 0,171 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,106 CHF 1 CHF = 0,904 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,610 CNY 1 CNY = 0,151 CAD
Swiss Franc Chinese Yuan 1 CHF = 5,978 CNY 1 CNY = 0,167 CHF

See what else happened on June 14, 2010