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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.8715.9315.6515.9157M
Cisco SystemsCSCO23.4923.5023.0523.1752.8M
PfizerPFE15.4315.4715.1315.4749.7M
MicrosoftMSFT26.5626.6726.0426.3748M
IntelINTC21.5921.6921.2021.5237.3M
JPMorgan ChaseJPM38.6038.9037.9238.4434.8M
AppleAAPL270.60272.90269.50271.8731.2M
Wells Fargo & Co.WFC28.1028.1927.5327.9330.7M
Home DepotHD32.1932.3031.4531.9123.9M
AT&T Inc.T25.5525.5725.1225.5723.7M
ExxonMobilXOM62.4262.7061.9562.6023.3M
Verizon CommunicationsVZ29.2129.3228.6929.0922.5M
Oracle Corp.ORCL23.1123.1822.9223.0722.4M
MerckMRK36.1436.2535.3035.8617.9M
Bristol-Myers SquibbBMY25.7225.9125.6525.8616.8M
Abbott LaboratoriesABT48.8448.8548.2548.6316.4M
HP Inc.HPQ48.1948.4247.1948.2416.3M
AltriaMO19.8020.0119.7619.9915.9M
ConocoPhillipsCOP54.7655.2854.1955.1813.7M
ComcastCMCSA18.4518.5918.3418.5813.5M
Wal-Mart StoresWMT51.0551.4950.9651.4112.7M
Procter & GamblePG61.1861.8260.8361.7612.1M
Johnson & JohnsonJNJ59.2859.4458.6559.1811.7M
ChevronCVX75.0275.4974.2075.3211.1M
Walt Disney & Co.DIS34.8035.1134.6035.0711M
Coca-ColaKO52.5052.7052.0452.3610.4M
SchlumbergerSLB61.3661.5960.5661.369.95M
Gilead SciencesGILD36.0236.0935.5235.979.52M
UnitedHealth GroupUNH31.5431.5431.1731.509.37M
Berkshire HathawayBRK.B77.7279.3077.5679.239.08M
VisaV77.8179.1377.2678.247.28M
McDonald'sMCD70.5570.5869.3870.057.01M
AmgenAMGN55.1955.4554.5155.445.72M
International Business MachinesIBM130.07131.03129.86130.985.57M
PepsicoPEP63.9664.5663.7564.495.18M
Union PacificUNP75.8576.3774.3976.224.49M
United TechnologiesUTX68.6568.7067.7168.564.35M
3MMMM81.3481.3779.9081.033.98M
AlphabetGOOGL503.45505.87496.69500.083.95M
BoeingBA67.4867.4965.8867.263.64M
AmazonAMZN126.74127.80124.69125.893.48M
Exchange Rates of June 17, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.890 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.028 CAD1 CAD = 0.973 USD
US DollarSwiss Franc1 USD = 1.112 CHF1 CHF = 0.899 USD
US DollarChinese Yuan1 USD = 6.830 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 112.520 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.836 GBP1 GBP = 1.197 EUR
EuroAustralian Dollar1 EUR = 1.427 AUD1 AUD = 0.701 EUR
EuroCanadian Dollar1 EUR = 1.272 CAD1 CAD = 0.786 EUR
EuroSwiss Franc1 EUR = 1.377 CHF1 CHF = 0.726 EUR
EuroChinese Yuan1 EUR = 8.454 CNY1 CNY = 0.118 EUR
Japanese YenPound Sterling1 JPY = 0.742 GBP1 GBP = 1.347 JPY
Japanese YenAustralian Dollar1 JPY = 1.268 AUD1 AUD = 0.789 JPY
Japanese YenCanadian Dollar1 JPY = 1.130 CAD1 CAD = 0.885 JPY
Japanese YenSwiss Franc1 JPY = 1.223 CHF1 CHF = 0.818 JPY
Pound SterlingAustralian Dollar1 GBP = 1.708 AUD1 AUD = 0.586 GBP
Pound SterlingCanadian Dollar1 GBP = 1.522 CAD1 CAD = 0.657 GBP
Pound SterlingSwiss Franc1 GBP = 1.647 CHF1 CHF = 0.607 GBP
Pound SterlingChinese Yuan1 GBP = 10.108 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.891 CAD1 CAD = 1.122 AUD
Australian DollarSwiss Franc1 AUD = 0.965 CHF1 CHF = 1.037 AUD
Australian DollarChinese Yuan1 AUD = 5.922 CNY1 CNY = 0.169 AUD
Canadian DollarSwiss Franc1 CAD = 1.082 CHF1 CHF = 0.924 CAD
Canadian DollarChinese Yuan1 CAD = 6.648 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.137 CNY1 CNY = 0.163 CHF

See what else happened on June 17, 2010