Financial news on July 19, 2010

Business and Financial news
After Tumult, Debt Worries Ease in Europe

Two months ago, Europe’s debt problems seemed grave enough to imperil the global economic recovery. Now, some investors are treating it as the crisis that wasn’t. Read more..

By GRAHAM BOWLEY - The New York Times

Analysts Think Bank of America Is Too Pessimistic

Analysts contend that Bank of America could offset revenue lost because of new regulations by raising the fees it charges its customers. Read more..

By CYRUS SANATI - The New York Times

AXA-NAB Extend $11.5 Billion Takeover Deal

National Australia Bank, the takeover target AXA Asia Pacific and France’s AXA SA agreed to extend an $11.5 billion acquisition agreement to Aug 31, signaling they were far from resolving regulatory obstacles, Reuters reported. Read more..

By DEALBOOK - The New York Times

Bankers Worried Over European Bank Stress Tests

Senior bankers and regulators across Europe are worried that markets could misinterpret the outcome of a test of how resilient European banks are to economic shocks, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

Booming Demand for TV on the Internet in China

Young people in China are starting to favor Internet video over TV, in part as a way to make an end run around government regulators. Read more..

By DAVID BARBOZA - The New York Times

BP Said to Canvass Investors on Possible Break-Up

BP has started canvassing shareholders about a restructuring following its Gulf of Mexico oil spill, which could include a break up of the business, The Sunday Times reported. Read more..

By DEALBOOK - The New York Times

Nokia to Buy Motorola Unit for $1.2 Billion

Nokia Siemens Networks said Monday that it had agreed to buy the wireless-network equipment division of Motorola for $1.2 billion in cash. Read more..

By DEALBOOK - The New York Times

Private Equity Group Buys 3 Failed Banks

North American Financial Holdings, run by the former chief of Bank of America’s investment banking unit, bought three failed United States lenders, as the number of banks taken over by the Federal Deposit Insurance Corporation this year hit 96, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

The Tax Man Cometh: H&R Block May Get Bid

H&R Block, the nation’s largest tax company, may get a merger proposal from a smaller competitor, Liberty Tax Service. Read more..

By DEALBOOK - The New York Times

Wall Street May Finally Breathe Easier

The financial industry may finally have time to relax after resolving headaches such as BP’s well and Goldman’s $550 million settlement. Read more..

By ROB COX, RICHARD BEALES and CHRISTOPHER HUGHES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC21,1721,6121,1621,5963.4M
Cisco SystemsCSCO22,8723,0322,5522,7354.7M
General ElectricGE14,6414,7414,4714,6249.1M
MicrosoftMSFT24,9625,3024,9125,2338.2M
AppleAAPL249,88249,88239,60245,5836.6M
JPMorgan ChaseJPM39,0339,3638,1239,0435.4M
Wells Fargo & Co.WFC26,2726,4025,6226,0234.7M
PfizerPFE14,6214,8414,5814,7332.7M
ComcastCMCSA18,5319,0918,4719,0121.2M
ExxonMobilXOM58,3358,7458,1058,4321M
Oracle Corp.ORCL23,4823,6823,4023,5919.7M
AT&T Inc.T24,8124,9624,7524,8818.9M
Home DepotHD27,1627,2626,8527,0717.1M
Gilead SciencesGILD32,0033,1631,9932,9116.7M
Verizon CommunicationsVZ26,7826,9226,7026,7214.9M
SchlumbergerSLB57,7759,6857,3459,1514.3M
Wal-Mart StoresWMT49,7249,8149,0949,5211.9M
Bristol-Myers SquibbBMY25,2725,2724,7824,8411.8M
HP Inc.HPQ46,4046,9546,1346,6810.6M
AltriaMO21,3721,4921,3021,3810.3M
Johnson & JohnsonJNJ59,7259,7959,3759,5710.3M
MerckMRK35,9436,1135,6935,8010.1M
Walt Disney & Co.DIS33,0933,5032,9933,319.65M
Procter & GamblePG61,9962,2961,7161,869.64M
ConocoPhillipsCOP52,2052,2851,4951,849.33M
AlphabetGOOGL461,01469,65457,52466,189.09M
Abbott LaboratoriesABT47,4147,5847,2547,418.75M
UnitedHealth GroupUNH30,4830,9630,2930,828.58M
International Business MachinesIBM128,67130,38128,37129,798.39M
ChevronCVX71,8472,3071,4972,008.35M
AmgenAMGN52,4653,6152,3153,607.83M
PepsicoPEP62,3962,5262,0062,055.97M
Coca-ColaKO52,5452,5752,0552,275.68M
McDonald'sMCD69,9770,3869,4569,915.07M
BoeingBA62,7263,3662,0463,185.03M
AmazonAMZN118,38120,74117,00119,945.03M
VisaV72,2172,2570,8771,225M
Berkshire HathawayBRK.B77,3777,8576,4477,314.9M
United TechnologiesUTX66,4266,9066,1266,394.73M
Union PacificUNP69,1969,2667,5068,374.36M
3MMMM81,4881,5580,0881,223.05M
Exchange Rates of July 19, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86,760 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,055 CAD1 CAD = 0,948 USD
US DollarSwiss Franc1 USD = 1,054 CHF1 CHF = 0,949 USD
US DollarChinese Yuan1 USD = 6,779 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 112,350 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,850 GBP1 GBP = 1,176 EUR
EuroAustralian Dollar1 EUR = 1,489 AUD1 AUD = 0,672 EUR
EuroCanadian Dollar1 EUR = 1,366 CAD1 CAD = 0,732 EUR
EuroSwiss Franc1 EUR = 1,365 CHF1 CHF = 0,733 EUR
EuroChinese Yuan1 EUR = 8,775 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,756 GBP1 GBP = 1,322 JPY
Japanese YenAustralian Dollar1 JPY = 1,325 AUD1 AUD = 0,754 JPY
Japanese YenCanadian Dollar1 JPY = 1,215 CAD1 CAD = 0,823 JPY
Japanese YenSwiss Franc1 JPY = 1,215 CHF1 CHF = 0,823 JPY
Pound SterlingAustralian Dollar1 GBP = 1,752 AUD1 AUD = 0,571 GBP
Pound SterlingCanadian Dollar1 GBP = 1,606 CAD1 CAD = 0,623 GBP
Pound SterlingSwiss Franc1 GBP = 1,605 CHF1 CHF = 0,623 GBP
Pound SterlingChinese Yuan1 GBP = 10,310 CNY1 CNY = 0,097 GBP
Australian DollarCanadian Dollar1 AUD = 0,916 CAD1 CAD = 1,091 AUD
Australian DollarSwiss Franc1 AUD = 0,916 CHF1 CHF = 1,092 AUD
Australian DollarChinese Yuan1 AUD = 5,887 CNY1 CNY = 0,170 AUD
Canadian DollarSwiss Franc1 CAD = 0,999 CHF1 CHF = 1,001 CAD
Canadian DollarChinese Yuan1 CAD = 6,424 CNY1 CNY = 0,156 CAD
Swiss FrancChinese Yuan1 CHF = 6,427 CNY1 CNY = 0,156 CHF

See what else happened on July 19, 2010