Financial news on July 15, 2009

Business and Financial news
7-Eleven Sees an Opportunity to Open Doors

The convenience store chain is taking advantage of a weakened real estate market with a plan to open more than 200 new stores nationwide. Read more..

By JANE L. LEVERE - The New York Times

Calpers Sues Over Ratings of Securities

The public pension fund has filed suit in California in connection with $1 billion in losses that it says were caused by “wildly inaccurate” credit ratings from the three leading ratings agencies. Read more..

By LESLIE WAYNE - The New York Times

Ex-G.M. Chief to Get $8.5 Million in Retirement Pay

Rick Wagoner, ousted in March, was eligible for $20.2 million, but took a cut consistent with that of other retirees. Read more..

By BLOOMBERG NEWS - The New York Times

Intel’s Results Give Hope to Industry

The chip company reported second-quarter sales of $8 billion, which analysts say indicate how well the overall computer industry is doing. Read more..

By ASHLEE VANCE - The New York Times

Janus Capital Chief Resigns After 3-Year Shake-Up at Firm

Gary Black resigned after a three-year battle to cut the pay and influence of individual mutual fund mangers. Read more..

By BLOOMBERG NEWS - The New York Times

Office to Aid Consumers Draws Fire and Support

At a Senate hearing, critics cited the broad powers of the president’s proposed regulatory agency, and backers said regulation is needed. Read more..

By ANDREA FULLER - The New York Times

Singapore's Economy Stages Comeback in Second Quarter

Gross domestic product grew at an annualized rate of 20.4 percent in the April-June period, compared with the previous quarter, prompting an official revision of the full-year growth forecasts. Read more..

By BETTINA WASSENER - International Herald Tribune

With Big Profit, Goldman Sees Big Payday Ahead

The bank posted the richest quarterly profit in its 140-year history and announced its plans to pay huge bonuses this year. Read more..

By GRAHAM BOWLEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE11.9212.2811.8612.2492.2M
Wells Fargo & Co.WFC24.7225.4724.6525.3091M
Cisco SystemsCSCO19.3219.8819.1619.8187.9M
JPMorgan ChaseJPM35.1136.7735.0136.2684.1M
Abbott LaboratoriesABT45.7045.8044.2345.2854M
Oracle Corp.ORCL20.8221.5320.7721.5132.3M
AT&T Inc.T23.5924.0023.5623.9725.7M
Verizon CommunicationsVZ29.1129.5929.0129.3419.2M
Wal-Mart StoresWMT48.3548.5747.9648.5518.7M
HP Inc.HPQ38.0038.8537.8038.8217.5M
Procter & GamblePG53.6154.7353.5054.6515.2M
Home DepotHD23.8824.1423.6424.0813.9M
Bristol-Myers SquibbBMY19.5419.9319.3619.8613.5M
Johnson & JohnsonJNJ58.4659.0058.2258.9613M
UnitedHealth GroupUNH25.0625.0924.1524.9112.5M
Walt Disney & Co.DIS23.3724.1323.3724.0812.1M
International Business MachinesIBM104.75107.22104.60107.228.7M
Gilead SciencesGILD45.3946.0444.9145.828.31M
United TechnologiesUTX52.2353.9352.0253.756.64M
Union PacificUNP53.9755.8553.7055.665.48M
Berkshire HathawayBRK.B2892.502963.002890.002940.0036.4K
Exchange Rates of July 15, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.230 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.113 CAD1 CAD = 0.899 USD
US DollarSwiss Franc1 USD = 1.075 CHF1 CHF = 0.930 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.920 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.859 GBP1 GBP = 1.165 EUR
EuroAustralian Dollar1 EUR = 1.755 AUD1 AUD = 0.570 EUR
EuroCanadian Dollar1 EUR = 1.570 CAD1 CAD = 0.637 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 9.637 CNY1 CNY = 0.104 EUR
Japanese YenPound Sterling1 JPY = 0.646 GBP1 GBP = 1.548 JPY
Japanese YenAustralian Dollar1 JPY = 1.320 AUD1 AUD = 0.757 JPY
Japanese YenCanadian Dollar1 JPY = 1.181 CAD1 CAD = 0.847 JPY
Japanese YenSwiss Franc1 JPY = 1.141 CHF1 CHF = 0.877 JPY
Pound SterlingAustralian Dollar1 GBP = 2.043 AUD1 AUD = 0.489 GBP
Pound SterlingCanadian Dollar1 GBP = 1.827 CAD1 CAD = 0.547 GBP
Pound SterlingSwiss Franc1 GBP = 1.765 CHF1 CHF = 0.567 GBP
Australian DollarCanadian Dollar1 AUD = 0.894 CAD1 CAD = 1.119 AUD
Australian DollarSwiss Franc1 AUD = 0.863 CHF1 CHF = 1.158 AUD
Australian DollarChinese Yuan1 AUD = 5.491 CNY1 CNY = 0.182 AUD
Canadian DollarSwiss Franc1 CAD = 0.966 CHF1 CHF = 1.036 CAD
Canadian DollarChinese Yuan1 CAD = 6.137 CNY1 CNY = 0.163 CAD
Swiss FrancChinese Yuan1 CHF = 6.356 CNY1 CNY = 0.157 CHF

See what else happened on July 15, 2009