Financial news on July 20, 2010
Business and Financial news
The deal is a sign that commercial aviation, and Boeing’s fortunes, are starting to recover from the recession. Read more..
The sale is part of BP’s previously announced plan to raise at least $10 billion to cover damage claims from the oil spill in the Gulf of Mexico. Read more..
David A. Viniar, the chief financial officer of Goldman Sachs, said the firm had no plans to spin off its private equity business after passage of new financial regulations that would restrict the bank holding company in allocating money to alternative investments. Read more..
The I.M.F. needs Asia. The problem, put bluntly, is that Asia does not need the I.M.F. Read more..
The Interactive Data Corporation said Monday that its second-quarter earnings fell 24 percent, largely because of an uptick in expenses related to its pending takeover by private equity firms, The Associated Press reported. Read more..
Technology, utilities and energy stocks rose on Monday, helping the broader markets climb after Friday’s steep decline. Read more..
The American International Group boss, Robert H. Benmosche, may have unlocked two deals by chopping his chief executive in Asia: an I.P.O. of American International Assurance and the merger of the unit with Prudential’s Asia business, Breakingviews suggests. Read more..
Two fractional jet ownership companies have announced agreements with foreign carriers that would let them pursue airlines’ premium customers. Read more..
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered on Tuesday, Reuters said. Read more..
Mark Tucker, who was named head of American International Group’s main Asia division, told staff that he plans to triple the unit’s value to $100 billion, Bloomberg News reported, citing a person with knowledge of his remarks. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.47||25.92||25.30||25.91||47.7M|
|Johnson & Johnson||JNJ||58.45||58.77||58.00||58.58||22.3M|
|International Business Machines||IBM||122.97||126.56||122.93||126.55||16.3M|
|Walt Disney & Co.||DIS||33.33||33.45||32.80||33.40||11.6M|
|Procter & Gamble||PG||61.63||62.12||61.21||62.07||10.9M|
Exchange Rates of July 20, 2010
|US Dollar||Japanese Yen||1 USD = 87.430 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.043 CAD||1 CAD = 0.959 USD|
|US Dollar||Swiss Franc||1 USD = 1.052 CHF||1 CHF = 0.951 USD|
|US Dollar||Chinese Yuan||1 USD = 6.779 CNY||1 CNY = 0.148 USD|
|Euro||Japanese Yen||1 EUR = 112.740 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.844 GBP||1 GBP = 1.185 EUR|
|Euro||Australian Dollar||1 EUR = 1.459 AUD||1 AUD = 0.686 EUR|
|Euro||Canadian Dollar||1 EUR = 1.344 CAD||1 CAD = 0.744 EUR|
|Euro||Swiss Franc||1 EUR = 1.356 CHF||1 CHF = 0.737 EUR|
|Euro||Chinese Yuan||1 EUR = 8.733 CNY||1 CNY = 0.115 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.748 GBP||1 GBP = 1.337 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.293 AUD||1 AUD = 0.773 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.192 CAD||1 CAD = 0.839 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.203 CHF||1 CHF = 0.832 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.728 AUD||1 AUD = 0.579 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.593 CAD||1 CAD = 0.628 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.607 CHF||1 CHF = 0.622 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.339 CNY||1 CNY = 0.097 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.922 CAD||1 CAD = 1.085 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.930 CHF||1 CHF = 1.076 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.985 CNY||1 CNY = 0.167 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.008 CHF||1 CHF = 0.992 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.497 CNY||1 CNY = 0.154 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.440 CNY||1 CNY = 0.155 CHF|