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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25,75 26,65 25,74 26,58 81.6M
General Electric GE 15,52 15,85 15,36 15,79 79.1M
Cisco Systems CSCO 22,82 23,45 22,80 23,33 77.8M
Intel INTC 21,11 21,56 21,01 21,48 62.1M
Pfizer PFE 15,40 15,53 15,30 15,52 50.5M
JPMorgan Chase JPM 37,55 38,28 37,26 38,25 45.4M
Wells Fargo & Co. WFC 27,59 27,93 27,50 27,91 45.1M
ExxonMobil XOM 61,89 62,57 61,49 62,51 24.5M
Oracle Corp. ORCL 22,79 23,24 22,66 23,20 24.3M
Merck MRK 35,08 36,05 35,03 36,02 21.9M
AT&T Inc. T 25,34 25,54 25,21 25,54 21M
Apple AAPL 255,64 259,85 255,50 259,69 20.9M
Verizon Communications VZ 28,84 29,13 28,71 29,11 20.6M
Abbott Laboratories ABT 47,54 48,21 47,44 48,17 19.9M
Home Depot HD 32,09 32,38 31,55 32,26 19.7M
ConocoPhillips COP 53,37 54,36 53,23 54,30 16.4M
HP Inc. HPQ 47,11 48,07 47,02 47,98 15.8M
Altria MO 19,69 19,92 19,60 19,91 15M
Wal-Mart Stores WMT 51,20 51,65 51,06 51,64 14.3M
Bristol-Myers Squibb BMY 25,39 25,67 25,23 25,63 12.5M
Procter & Gamble PG 61,61 61,93 61,34 61,91 11.9M
Chevron CVX 74,57 75,26 74,18 75,23 11.8M
Walt Disney & Co. DIS 34,11 35,00 34,11 34,99 11.6M
Johnson & Johnson JNJ 58,93 59,16 58,55 59,14 11.1M
Gilead Sciences GILD 34,74 35,57 34,69 35,53 11M
UnitedHealth Group UNH 30,90 31,21 30,76 31,19 9.57M
Schlumberger SLB 59,71 61,06 59,15 60,87 9.34M
Alphabet GOOGL 483,08 500,40 482,18 497,99 8.51M
Coca-Cola KO 51,83 52,20 51,56 52,18 8.18M
Visa V 74,47 76,96 73,90 76,93 7.81M
Berkshire Hathaway BRK.B 75,33 77,32 74,80 77,25 7.25M
International Business Machines IBM 128,93 129,95 128,37 129,79 6.65M
McDonald's MCD 69,94 70,49 69,85 70,40 6.42M
Boeing BA 65,67 67,57 65,47 67,48 6.4M
Pepsico PEP 63,88 64,29 63,84 64,24 6.25M
Comcast CMCSA 18,35 18,73 18,28 18,65 6.14M
United Technologies UTX 67,02 68,66 66,96 68,60 4.94M
Amgen AMGN 54,16 55,16 54,08 55,12 4.86M
Amazon AMZN 123,20 126,92 122,50 126,84 4.54M
3M MMM 79,09 79,86 78,74 79,77 3.23M
Union Pacific UNP 73,55 75,22 73,27 75,15 3.07M
Exchange Rates of June 15, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91,500 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,025 CAD 1 CAD = 0,976 USD
US Dollar Swiss Franc 1 USD = 1,134 CHF 1 CHF = 0,882 USD
US Dollar Chinese Yuan 1 USD = 6,832 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 112,780 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,833 GBP 1 GBP = 1,201 EUR
Euro Australian Dollar 1 EUR = 1,425 AUD 1 AUD = 0,702 EUR
Euro Canadian Dollar 1 EUR = 1,263 CAD 1 CAD = 0,792 EUR
Euro Swiss Franc 1 EUR = 1,397 CHF 1 CHF = 0,716 EUR
Euro Chinese Yuan 1 EUR = 8,421 CNY 1 CNY = 0,119 EUR
Japanese Yen Pound Sterling 1 JPY = 0,738 GBP 1 GBP = 1,355 JPY
Japanese Yen Australian Dollar 1 JPY = 1,263 AUD 1 AUD = 0,792 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,120 CAD 1 CAD = 0,893 JPY
Japanese Yen Swiss Franc 1 JPY = 1,239 CHF 1 CHF = 0,807 JPY
Pound Sterling Australian Dollar 1 GBP = 1,711 AUD 1 AUD = 0,584 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,517 CAD 1 CAD = 0,659 GBP
Pound Sterling Swiss Franc 1 GBP = 1,678 CHF 1 CHF = 0,596 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,103 CNY 1 CNY = 0,099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,886 CAD 1 CAD = 1,128 AUD
Australian Dollar Swiss Franc 1 AUD = 0,980 CHF 1 CHF = 1,021 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,912 CNY 1 CNY = 0,169 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,105 CHF 1 CHF = 0,905 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,668 CNY 1 CNY = 0,150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,026 CNY 1 CNY = 0,166 CHF

See what else happened on June 15, 2010