Financial news on June 17, 2010
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
How to import and edit videos in different file formats, and what constitutes a “standard” text message price. Read more..
Technical flaws on Web sites prevented many preorders of the phones from going through. Read more..
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..
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
| Currencies | Exchange 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