Financial news on June 17, 2010

Business and Financial news
A New Publisher at Bloomberg Businessweek

Bloomberg continues to poach top-tier talent from rival news organizations, announcing that it has hired a top executive from Fortune as publisher of Bloomberg Businessweek. Read more..

By DEALBOOK - The New York Times

Australian Buyout Revival May Stall as Sellers Balk

A recovery in Australian buyouts may be curtailed as private-equity firms with as much as $6.9 billion of cash to spend grapple with reluctant sellers and scarce credit, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Canadian Private Equity Players Eye Emerging Markets

Canadian investors are increasingly looking for deals in emerging markets as the global economy recovers, following deep-pocketed pension funds into Asia in particular, even as valuation concerns linger, Reuters reported. Read more..

By DEALBOOK - The New York Times

Fujitsu and Toshiba to Merge Cellphone Units

In Japan’s second cell-phone merger this month, Fujitsu and Toshiba said Thursday they will merge their handset operations, as manufacturers here regroup to take on Apple’s increasingly popular iPhone at home as well as giants like Nokia and Samsung overseas. Read more..

By DEALBOOK - The New York Times

LimeWire Sued by Music Publishers

A coalition of eight music publishers sued the file-sharing service LimeWire on Wednesday, accusing it of copyright infringement, according to the National Music Publishers’ Association, the industry group that organized the suit. Read more..

By DEALBOOK - The New York Times

Luxury Apartment Deals Collapse in Hong Kong

Henderson Land Development said the sale of 20 luxury apartments in Hong Kong had collapsed, ending 2.67 billion Hong Kong dollars in deals. Read more..

By BLOOMBERG NEWS - International Herald Tribune

Macquarie Said to Lose Equity Capital Banker

Macquarie Group, the Australian bank that bought Fox-Pitt Kelton Cochran Caronia Waller last year, lost U.S. equity capital markets head Jim Rossman and at least four stock-market analysts, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Making Video Files Compatible, and Paying for Texts

How to import and edit videos in different file formats, and what constitutes a “standard” text message price. Read more..

By J. D. BIERSDORFER - The New York Times

Orders for the iPhone 4 Top 600,000, Apple Says

Technical flaws on Web sites prevented many preorders of the phones from going through. Read more..

By JENNA WORTHAM - The New York Times

Reform Bill Likely to Preserve Fed Independence

After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact, Reuters 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
General Electric GE 15.87 15.93 15.65 15.91 57M
Cisco Systems CSCO 23.49 23.50 23.05 23.17 52.8M
Pfizer PFE 15.43 15.47 15.13 15.47 49.7M
Microsoft MSFT 26.56 26.67 26.04 26.37 48M
Intel INTC 21.59 21.69 21.20 21.52 37.3M
JPMorgan Chase JPM 38.60 38.90 37.92 38.44 34.8M
Apple AAPL 270.60 272.90 269.50 271.87 31.2M
Wells Fargo & Co. WFC 28.10 28.19 27.53 27.93 30.7M
Home Depot HD 32.19 32.30 31.45 31.91 23.9M
AT&T Inc. T 25.55 25.57 25.12 25.57 23.7M
ExxonMobil XOM 62.42 62.70 61.95 62.60 23.3M
Verizon Communications VZ 29.21 29.32 28.69 29.09 22.5M
Oracle Corp. ORCL 23.11 23.18 22.92 23.07 22.4M
Merck MRK 36.14 36.25 35.30 35.86 17.9M
Bristol-Myers Squibb BMY 25.72 25.91 25.65 25.86 16.8M
Abbott Laboratories ABT 48.84 48.85 48.25 48.63 16.4M
HP Inc. HPQ 48.19 48.42 47.19 48.24 16.3M
Altria MO 19.80 20.01 19.76 19.99 15.9M
ConocoPhillips COP 54.76 55.28 54.19 55.18 13.7M
Comcast CMCSA 18.45 18.59 18.34 18.58 13.5M
Wal-Mart Stores WMT 51.05 51.49 50.96 51.41 12.7M
Procter & Gamble PG 61.18 61.82 60.83 61.76 12.1M
Johnson & Johnson JNJ 59.28 59.44 58.65 59.18 11.7M
Chevron CVX 75.02 75.49 74.20 75.32 11.1M
Walt Disney & Co. DIS 34.80 35.11 34.60 35.07 11M
Coca-Cola KO 52.50 52.70 52.04 52.36 10.4M
Schlumberger SLB 61.36 61.59 60.56 61.36 9.95M
Gilead Sciences GILD 36.02 36.09 35.52 35.97 9.52M
UnitedHealth Group UNH 31.54 31.54 31.17 31.50 9.37M
Berkshire Hathaway BRK.B 77.72 79.30 77.56 79.23 9.08M
Visa V 77.81 79.13 77.26 78.24 7.28M
McDonald's MCD 70.55 70.58 69.38 70.05 7.01M
Amgen AMGN 55.19 55.45 54.51 55.44 5.72M
International Business Machines IBM 130.07 131.03 129.86 130.98 5.57M
Pepsico PEP 63.96 64.56 63.75 64.49 5.18M
Union Pacific UNP 75.85 76.37 74.39 76.22 4.49M
United Technologies UTX 68.65 68.70 67.71 68.56 4.35M
3M MMM 81.34 81.37 79.90 81.03 3.98M
Alphabet GOOGL 503.45 505.87 496.69 500.08 3.95M
Boeing BA 67.48 67.49 65.88 67.26 3.64M
Amazon AMZN 126.74 127.80 124.69 125.89 3.48M
Exchange Rates of June 17, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.890 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.028 CAD 1 CAD = 0.973 USD
US Dollar Swiss Franc 1 USD = 1.112 CHF 1 CHF = 0.899 USD
US Dollar Chinese Yuan 1 USD = 6.830 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 112.520 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.836 GBP 1 GBP = 1.197 EUR
Euro Australian Dollar 1 EUR = 1.427 AUD 1 AUD = 0.701 EUR
Euro Canadian Dollar 1 EUR = 1.272 CAD 1 CAD = 0.786 EUR
Euro Swiss Franc 1 EUR = 1.377 CHF 1 CHF = 0.726 EUR
Euro Chinese Yuan 1 EUR = 8.454 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.742 GBP 1 GBP = 1.347 JPY
Japanese Yen Australian Dollar 1 JPY = 1.268 AUD 1 AUD = 0.789 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.130 CAD 1 CAD = 0.885 JPY
Japanese Yen Swiss Franc 1 JPY = 1.223 CHF 1 CHF = 0.818 JPY
Pound Sterling Australian Dollar 1 GBP = 1.708 AUD 1 AUD = 0.586 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.522 CAD 1 CAD = 0.657 GBP
Pound Sterling Swiss Franc 1 GBP = 1.647 CHF 1 CHF = 0.607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.108 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.891 CAD 1 CAD = 1.122 AUD
Australian Dollar Swiss Franc 1 AUD = 0.965 CHF 1 CHF = 1.037 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.922 CNY 1 CNY = 0.169 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.082 CHF 1 CHF = 0.924 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.648 CNY 1 CNY = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.137 CNY 1 CNY = 0.163 CHF

See what else happened on June 17, 2010