Financial news on July 15, 2014

Business and Financial news
Albemarle to Acquire Specialty Chemical Rival in $6.2 Billion Deal

The deal for Rockwood Holdings would combine two of the world’s largest specialty chemical companies, producing chemicals like lithium, catalysts, bromine and surface treatments. Read more..

By CHAD BRAY - The New York Times

Britain’s Denial of Some Visas to Russians for Air Show Stirs Outcry

The British government denied visas to the Farnborough show for some state and state company officials including those in the military aviation industry, citing the conflict in Ukraine. Read more..

By ANDREW E. KRAMER - The New York Times

China Reveals Charges for British-American Couple in Case Involving Glaxo

China says Peter Humphrey and his wife Yu Yingzeng, who have been detained for a year after working as investigators for GlaxoSmithKline, will be tried on charges of illegally acquiring private personal information. Read more..

By JANE PERLEZ - The New York Times

Factory Output Plummets in Europe, Dogging Recovery

Eurostat says factory output fell 1.1 percent in 18 countries of eurozone bloc, as well as in the 28 countries of the European Union. Read more..

By JACK EWING - The New York Times

Germany 1. World Cup Fever 1,000.

Advertising column; 2014 World Cup was a tremendous hit on television, online and in social media like Facebook, Twitter and YouTube, and gave advertisers opportunity to comb through data to learn whether ads were hits or flops with tens of millions of fans. Read more..

By STUART ELLIOTT - The New York Times

Like the Figure Formed

A math lesson from Daniel Raymon. Read more..

By DEB AMLEN - The New York Times

Monday Motorsports: Marquez Wins Ninth Consecutive MotoGP Race

Marquez exploited a dry tire strategy for his record-breaking win; Brad Keselowski won a Nascar doubleheader in New Hampshire. Read more..

By JERRY GARRETT - The New York Times

To Compete With Altria, Reynolds American Is Buying Lorillard

Reynolds will buy Lorillard for $68.88 a share, while the Imperial Tobacco Group plans to acquire brands – including Kool, Salem and Winston cigarettes and Blu e-cigarettes – for $7.1 billion. Read more..


Volkswagen to Add S.U.V. Line to Chattanooga Plant

Volkswagen makes move to revive sales with announcement it will build new sport utility vehicle and add 2,000 jobs at its plant in Chattanooga, Tenn; plant was center of acrimonious unionization vote. Read more..

By AARON M. KESSLER - The New York Times

Yellen Testifies on U.S. Recovery

Janet L. Yellen, the Federal Reserve chairwoman, told Congress that an ailing job market and stagnant wages justify keeping interest rates low. Read more..

Carrie Halperin - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE26.7526.8026.5526.6141.4M
JPMorgan ChaseJPM57.9558.6957.7658.2736.2M
AT&T Inc.T35.9536.3535.9236.2435M
Cisco SystemsCSCO25.3825.6825.3625.6729.5M
Wells Fargo & Co.WFC51.5151.6651.2051.3519.3M
Verizon CommunicationsVZ50.5750.8250.3750.7114.2M
Johnson & JohnsonJNJ105.23105.47102.77103.2814.2M
Gilead SciencesGILD90.0390.7488.1989.0013.8M
Oracle Corp.ORCL40.3840.8140.3640.5411.8M
Abbott LaboratoriesABT41.7441.8041.1741.1711M
Procter & GamblePG81.5181.5281.0981.269.64M
General MotorsGM37.6137.9537.4437.588.62M
Bristol-Myers SquibbBMY49.0649.3448.5448.718.28M
HP Inc.HPQ34.3534.4734.0034.157.72M
Walt Disney & Co.DIS86.5886.6585.5486.157M
Home DepotHD79.5080.0679.4279.866.05M
International Business MachinesIBM189.54190.08188.21188.494.86M
Wal-Mart StoresWMT76.5676.9376.5676.844.66M
United TechnologiesUTX115.16116.25114.64114.844.49M
UnitedHealth GroupUNH84.0484.7483.7383.904.36M
Berkshire HathawayBRK.B128.68129.17128.00128.492.93M
Union PacificUNP100.67101.64100.59101.372.66M
Exchange Rates of July 15, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.680 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.076 CAD1 CAD = 0.930 USD
US DollarSwiss Franc1 USD = 0.896 CHF1 CHF = 1.117 USD
US DollarChinese Yuan1 USD = 6.208 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 137.960 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.791 GBP1 GBP = 1.264 EUR
EuroAustralian Dollar1 EUR = 1.448 AUD1 AUD = 0.691 EUR
EuroCanadian Dollar1 EUR = 1.459 CAD1 CAD = 0.685 EUR
EuroSwiss Franc1 EUR = 1.215 CHF1 CHF = 0.823 EUR
EuroChinese Yuan1 EUR = 8.422 CNY1 CNY = 0.119 EUR
Japanese YenPound Sterling1 JPY = 0.573 GBP1 GBP = 1.744 JPY
Japanese YenAustralian Dollar1 JPY = 1.049 AUD1 AUD = 0.953 JPY
Japanese YenCanadian Dollar1 JPY = 1.057 CAD1 CAD = 0.946 JPY
Japanese YenSwiss Franc1 JPY = 0.881 CHF1 CHF = 1.135 JPY
Pound SterlingAustralian Dollar1 GBP = 1.830 AUD1 AUD = 0.547 GBP
Pound SterlingCanadian Dollar1 GBP = 1.844 CAD1 CAD = 0.542 GBP
Pound SterlingSwiss Franc1 GBP = 1.535 CHF1 CHF = 0.651 GBP
Pound SterlingChinese Yuan1 GBP = 10.641 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 1.007 CAD1 CAD = 0.993 AUD
Australian DollarSwiss Franc1 AUD = 0.839 CHF1 CHF = 1.192 AUD
Australian DollarChinese Yuan1 AUD = 5.816 CNY1 CNY = 0.172 AUD
Canadian DollarSwiss Franc1 CAD = 0.832 CHF1 CHF = 1.201 CAD
Canadian DollarChinese Yuan1 CAD = 5.771 CNY1 CNY = 0.173 CAD
Swiss FrancChinese Yuan1 CHF = 6.929 CNY1 CNY = 0.144 CHF

See what else happened on July 15, 2014