Financial news on June 15, 2010

Business and Financial news
BP Is Likely to Lose on Escrow Fund

The big risk with setting money aside upfront is that BP shareholders’ money ends up covering spurious claims. Read more..

By CHRISTOPHER HUGHES and JEFFREY GOLDFARB - The New York Times

Fed Study Suggests Rates Low Until ’12

Given high unemployment and low inflation, the Federal Reserve is likely to wait until 2012 before it starts to raise interest rates, a new Fed research paper states. Read more..

By DEALBOOK - The New York Times

France Ready to Make Cuts Despite Pain

The word "austerity" had been taboo in the French government for months, even as many of the country's neighbors slashed spending to remain in the market's good graces. No longer. Read more..

By DAVID JOLLY and MATTHEW SALTMARSH - International Herald Tribune

In Taiwan, a Bit of Scotland Matures

About as far from the Scottish highlands as one can get, a Taiwanese company has established a whisky distillery that is producing some surprising results. Read more..

By SUSANNAH ROSENBLATT - International Herald Tribune

More on the K.K.R. and Creative Artists Talks

Revisiting DealBook’s scoop on the Creative Artists Agency’s talks with private equity firms about a potential investment in the powerhouse talent agency in light of recent reports. Read more..

By DEALBOOK - The New York Times

Nomura Securities Names Managing Director

Nomura Securities named Mark Epley to be a managing director in its investment banking division in New York, as the Japanese bank continues its expansion in the United States. Read more..

By CYRUS SANATI - The New York Times

One Crowd Is Still Loyal to Goldman Sachs

Despite all the bad headlines — the accusations of fraud, the talk of a big settlement, the risk, however remote, of criminal charges — there’s an inconvenient truth that’s been largely ignored: Most of Goldman’s big customers are not bolting. Read more..

By DEALBOOK - The New York Times

Sarkozy Criticized in Selling of Paper

A group of shareholders in the French newspaper Le Monde has denounced President Nicolas Sarkozy for interfering in the process of selling the struggling publication. Read more..

By DEALBOOK - The New York Times

Trading in Film Futures Contracts Approved

Federal regulators on Monday approved a plan by Media Derivatives Inc. to begin trading futures contracts based on box-office revenue, though the film industry has continued to lobby Congress to ban such film-related trading. Read more..

By DEALBOOK - The New York Times

Zynga Said to Raise $147 Million

Zynga Network, the maker of games for social networks, has landed $147 million from Softbank, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.7526.6525.7426.5881.6M
General ElectricGE15.5215.8515.3615.7979.1M
Cisco SystemsCSCO22.8223.4522.8023.3377.8M
IntelINTC21.1121.5621.0121.4862.1M
PfizerPFE15.4015.5315.3015.5250.5M
JPMorgan ChaseJPM37.5538.2837.2638.2545.4M
Wells Fargo & Co.WFC27.5927.9327.5027.9145.1M
ExxonMobilXOM61.8962.5761.4962.5124.5M
Oracle Corp.ORCL22.7923.2422.6623.2024.3M
MerckMRK35.0836.0535.0336.0221.9M
AT&T Inc.T25.3425.5425.2125.5421M
AppleAAPL255.64259.85255.50259.6920.9M
Verizon CommunicationsVZ28.8429.1328.7129.1120.6M
Abbott LaboratoriesABT47.5448.2147.4448.1719.9M
Home DepotHD32.0932.3831.5532.2619.7M
ConocoPhillipsCOP53.3754.3653.2354.3016.4M
HP Inc.HPQ47.1148.0747.0247.9815.8M
AltriaMO19.6919.9219.6019.9115M
Wal-Mart StoresWMT51.2051.6551.0651.6414.3M
Bristol-Myers SquibbBMY25.3925.6725.2325.6312.5M
Procter & GamblePG61.6161.9361.3461.9111.9M
ChevronCVX74.5775.2674.1875.2311.8M
Walt Disney & Co.DIS34.1135.0034.1134.9911.6M
Johnson & JohnsonJNJ58.9359.1658.5559.1411.1M
Gilead SciencesGILD34.7435.5734.6935.5311M
UnitedHealth GroupUNH30.9031.2130.7631.199.57M
SchlumbergerSLB59.7161.0659.1560.879.34M
AlphabetGOOGL483.08500.40482.18497.998.51M
Coca-ColaKO51.8352.2051.5652.188.18M
VisaV74.4776.9673.9076.937.81M
Berkshire HathawayBRK.B75.3377.3274.8077.257.25M
International Business MachinesIBM128.93129.95128.37129.796.65M
McDonald'sMCD69.9470.4969.8570.406.42M
BoeingBA65.6767.5765.4767.486.4M
PepsicoPEP63.8864.2963.8464.246.25M
ComcastCMCSA18.3518.7318.2818.656.14M
United TechnologiesUTX67.0268.6666.9668.604.94M
AmgenAMGN54.1655.1654.0855.124.86M
AmazonAMZN123.20126.92122.50126.844.54M
3MMMM79.0979.8678.7479.773.23M
Union PacificUNP73.5575.2273.2775.153.07M
Exchange Rates of June 15, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.500 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.025 CAD1 CAD = 0.976 USD
US DollarSwiss Franc1 USD = 1.134 CHF1 CHF = 0.882 USD
US DollarChinese Yuan1 USD = 6.832 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 112.780 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.833 GBP1 GBP = 1.201 EUR
EuroAustralian Dollar1 EUR = 1.425 AUD1 AUD = 0.702 EUR
EuroCanadian Dollar1 EUR = 1.263 CAD1 CAD = 0.792 EUR
EuroSwiss Franc1 EUR = 1.397 CHF1 CHF = 0.716 EUR
EuroChinese Yuan1 EUR = 8.421 CNY1 CNY = 0.119 EUR
Japanese YenPound Sterling1 JPY = 0.738 GBP1 GBP = 1.355 JPY
Japanese YenAustralian Dollar1 JPY = 1.263 AUD1 AUD = 0.792 JPY
Japanese YenCanadian Dollar1 JPY = 1.120 CAD1 CAD = 0.893 JPY
Japanese YenSwiss Franc1 JPY = 1.239 CHF1 CHF = 0.807 JPY
Pound SterlingAustralian Dollar1 GBP = 1.711 AUD1 AUD = 0.584 GBP
Pound SterlingCanadian Dollar1 GBP = 1.517 CAD1 CAD = 0.659 GBP
Pound SterlingSwiss Franc1 GBP = 1.678 CHF1 CHF = 0.596 GBP
Pound SterlingChinese Yuan1 GBP = 10.103 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.886 CAD1 CAD = 1.128 AUD
Australian DollarSwiss Franc1 AUD = 0.980 CHF1 CHF = 1.021 AUD
Australian DollarChinese Yuan1 AUD = 5.912 CNY1 CNY = 0.169 AUD
Canadian DollarSwiss Franc1 CAD = 1.105 CHF1 CHF = 0.905 CAD
Canadian DollarChinese Yuan1 CAD = 6.668 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.026 CNY1 CNY = 0.166 CHF

See what else happened on June 15, 2010