Financial news on June 15, 2012

Business and Financial news
Airports Focus on the Ground

Nation's biggest airports, at a time when federal and state public works programs are stalled, are in the midst of major renovations or expansions that, taken together, amount to some of the largest infrastructure projects in the country; the need to accommodate bigger airplanes and a growing number of foreign carriers has helped spur many of the new investments. Read more..

By JAD MOUAWAD - The New York Times

Despite Price Drop, Oil Cartel Keeps Production Limit

Organization of the Petroleum Exporting Countries leaves unchanged a ceiling for oil production at 30 million barrels daily, despite signs of a slowdown in the global economy and slumping oil prices; decision leaves Saudi Arabia to decide on its own whether to influence prices by adjusting output before the next OPEC meeting in December. Read more..

By ANDREW E. KRAMER - The New York Times

Dialysis Company’s Failure to Warn of Product Risk Draws Inquiry

Food and Drug Administration is investigating whether Fresenius Medical Care, the nation's largest operator of dialysis centers, violated federal regulations by failing to inform customers of a potentially lethal risk connected to one of its products. Read more..

By ANDREW POLLACK - The New York Times

Europe Braces for Greek Vote — and Maybe More

Greek elections could soon bring real-world urgency to a debate that had been largely academic: whether the euro zone can withstand the departure of one of its members; some economists say Greece's departure from the euro will not be that great of a shock because there has been time to prepare. Read more..

By JACK EWING and PAUL GEITNER - The New York Times

Irish Mansion With Traditional Ambience

Courtown Demesne, outside Dublin, is a Georgian-era property built in 1815. Read more..

By ALAN O'RIORDAN - International Herald Tribune

Smithfield Foods’ Profit Drops on Lower Margins for Pork

Smithfield Foods reports fiscal fourth-quarter profit of $79.5 million, or 49 cents a share, down 19 percent from $98.4 million, or 59 cents a share, in year-ago quarter; revenue rose 3 percent to $3.21 billion from $3.12 billion. Read more..

By THE ASSOCIATED PRESS - The New York Times

Stanford Sentenced to 110-Year Term in $7 Billion Ponzi Case

Financier R Allen Stanford is sentenced to 110 years in prison without parole for masterminding a $7 billion Ponzi scheme; federal jury convicted him in March on 13 out of 14 counts of fraud. Read more..

By CLIFFORD KRAUSS - The New York Times

Switzerland Vows to Keep Franc From Rising

Thomas Jordan, president of the Swiss National Bank, said it was ready to take action to stem the franc's rise, which is being fueled by a search for investment havens. Read more..

By DAVID JOLLY - International Herald Tribune

Weak Hiring and Low Prices Raise Odds of Fed Action

Commerce Department reports the American current account trade deficit rose 15.7 percent in the first quarter to $137.3 billion, up from $118.7 billion in the last-quarter 2011; Labor Dept reports weekly applications for unemployment benefits increased to a seasonally adjusted 386,000 in the previous week; Labor Dept reports the Consumer Price Index fell 0.3 percent in May. Read more..

By THE ASSOCIATED PRESS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.59 30.08 29.49 30.02 62.3M
General Electric GE 19.87 20.00 19.75 20.00 59.8M
Intel INTC 27.02 27.44 26.88 27.34 51.8M
Facebook FB 28.51 30.10 28.35 30.01 43.6M
Cisco Systems CSCO 16.97 17.17 16.93 17.10 42.6M
AT&T Inc. T 35.93 36.00 35.61 35.71 41.6M
JPMorgan Chase JPM 34.89 35.07 34.41 35.03 40.9M
Oracle Corp. ORCL 27.11 27.76 26.99 27.70 40.1M
Pfizer PFE 22.82 22.86 22.55 22.61 39.3M
Wells Fargo & Co. WFC 32.15 32.55 31.79 32.45 39.1M
ExxonMobil XOM 82.57 83.45 82.22 83.22 27.3M
Johnson & Johnson JNJ 65.90 66.10 65.51 66.01 26M
Comcast CMCSA 30.85 31.17 30.60 31.09 21M
Verizon Communications VZ 43.90 44.14 43.46 43.55 20.4M
Home Depot HD 52.09 52.50 51.61 51.87 17.5M
HP Inc. HPQ 21.73 21.99 21.57 21.64 17.4M
Abbott Laboratories ABT 62.41 62.79 62.32 62.50 16.1M
Merck MRK 39.02 39.10 38.87 38.94 16.1M
Bristol-Myers Squibb BMY 34.65 34.71 34.20 34.23 15.9M
Procter & Gamble PG 63.53 63.67 62.52 62.88 14.1M
Wal-Mart Stores WMT 68.05 68.06 67.59 67.75 12.7M
ConocoPhillips COP 54.76 55.46 54.71 55.46 12.5M
Altria MO 33.89 34.08 33.73 33.77 12.2M
Apple AAPL 571.00 574.62 569.55 574.13 12M
Walt Disney & Co. DIS 47.41 47.43 46.92 47.09 11.2M
Chevron CVX 103.00 104.50 102.64 104.33 11.1M
Coca-Cola KO 76.12 76.20 75.42 76.09 9.87M
Schlumberger SLB 66.14 66.77 65.51 66.46 9.56M
McDonald's MCD 90.14 90.76 89.73 90.50 9.52M
UnitedHealth Group UNH 59.69 59.85 58.51 58.90 9.02M
Pepsico PEP 69.50 69.74 69.20 69.48 8.82M
Amgen AMGN 70.77 71.40 70.52 71.29 8.43M
Gilead Sciences GILD 50.07 50.38 49.93 50.29 7.44M
Berkshire Hathaway BRK.B 82.27 82.57 82.05 82.57 6.77M
United Technologies UTX 74.23 74.50 73.62 74.49 6.68M
International Business Machines IBM 196.08 199.27 195.40 199.10 6.39M
Alphabet GOOGL 560.34 564.52 557.09 564.51 6M
General Motors GM 21.76 21.81 21.42 21.74 5.71M
Boeing BA 72.17 72.38 71.58 71.99 5.31M
3M MMM 87.57 87.91 87.01 87.44 4.7M
Amazon AMZN 215.29 219.33 214.46 218.35 3.79M
Union Pacific UNP 114.70 115.42 114.00 114.87 3.31M
Visa V 117.37 118.50 116.93 118.40 3.14M
Exchange Rates of June 15, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 78.690 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 1.021 CAD 1 CAD = 0.979 USD
US Dollar Swiss Franc 1 USD = 0.950 CHF 1 CHF = 1.053 USD
US Dollar Chinese Yuan 1 USD = 6.365 CNY 1 CNY = 0.157 USD
Euro Japanese Yen 1 EUR = 99.470 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.806 GBP 1 GBP = 1.241 EUR
Euro Australian Dollar 1 EUR = 1.254 AUD 1 AUD = 0.797 EUR
Euro Canadian Dollar 1 EUR = 1.291 CAD 1 CAD = 0.775 EUR
Euro Swiss Franc 1 EUR = 1.201 CHF 1 CHF = 0.833 EUR
Euro Chinese Yuan 1 EUR = 8.044 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.808 GBP 1 GBP = 1.237 JPY
Japanese Yen Australian Dollar 1 JPY = 1.259 AUD 1 AUD = 0.794 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.297 CAD 1 CAD = 0.771 JPY
Japanese Yen Swiss Franc 1 JPY = 1.207 CHF 1 CHF = 0.829 JPY
Pound Sterling Australian Dollar 1 GBP = 1.558 AUD 1 AUD = 0.642 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.605 CAD 1 CAD = 0.623 GBP
Pound Sterling Swiss Franc 1 GBP = 1.493 CHF 1 CHF = 0.670 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.000 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.029 CAD 1 CAD = 0.972 AUD
Australian Dollar Swiss Franc 1 AUD = 0.957 CHF 1 CHF = 1.045 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.420 CNY 1 CNY = 0.156 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.930 CHF 1 CHF = 1.075 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.232 CNY 1 CNY = 0.160 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.697 CNY 1 CNY = 0.149 CHF

See what else happened on June 15, 2012