Financial news on July 20, 2010

Business and Financial news
Boeing Gets Order for Up to 30 Jets From Dubai

The deal is a sign that commercial aviation, and Boeing’s fortunes, are starting to recover from the recession. Read more..

By CHRISTOPHER DREW - The New York Times

BP Sells $7 Billion in Assets to Apache

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..

By JAD MOUAWAD - The New York Times

Goldman Plans to Stay in Private Equity Business

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..

By CYRUS SANATI - The New York Times

I.M.F. Turns on the Charm in Asia

The I.M.F. needs Asia. The problem, put bluntly, is that Asia does not need the I.M.F. Read more..

By ALAN WHEATLEY - International Herald Tribune

Interactive Data 2Q Earnings Hit by Buyout Costs

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..

By DEALBOOK - The New York Times

Investors Study Earnings for Economic Clues

Technology, utilities and energy stocks rose on Monday, helping the broader markets climb after Friday’s steep decline. Read more..

By DEALBOOK - The New York Times

New Potential for A.I.G. Deals

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..

By DEALBOOK - The New York Times

Private Jet Operators Link to Foreign Carriers

Two fractional jet ownership companies have announced agreements with foreign carriers that would let them pursue airlines’ premium customers. Read more..

By CHRISTINE NEGRONI - The New York Times

S.E.C. May Add 800 New Positions as Part of Overhaul

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..

By DEALBOOK - The New York Times

Tucker Said to Tell A.I.G. Staff He’ll Triple A.I.A. Value

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..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.16 21.73 21.10 21.65 72.7M
General Electric GE 14.36 15.01 14.36 14.94 67.3M
Cisco Systems CSCO 22.27 23.08 22.05 23.05 66.2M
Wells Fargo & Co. WFC 25.47 25.92 25.30 25.91 47.7M
Pfizer PFE 14.65 14.65 14.44 14.55 47.1M
Microsoft MSFT 24.86 25.48 24.70 25.48 45.5M
JPMorgan Chase JPM 38.32 39.64 38.28 39.63 43.5M
Apple AAPL 242.90 252.90 240.01 251.89 38.4M
Oracle Corp. ORCL 23.27 23.97 23.04 23.92 38.2M
AT&T Inc. T 24.69 24.80 24.50 24.79 24.1M
ExxonMobil XOM 57.68 58.99 57.67 58.95 23.8M
Home Depot HD 26.75 28.03 26.62 27.93 23.3M
Johnson & Johnson JNJ 58.45 58.77 58.00 58.58 22.3M
Comcast CMCSA 18.74 18.95 18.58 18.86 22.2M
Verizon Communications VZ 26.63 26.77 26.56 26.67 21.4M
Abbott Laboratories ABT 47.13 47.55 46.86 47.47 16.5M
International Business Machines IBM 122.97 126.56 122.93 126.55 16.3M
Wal-Mart Stores WMT 49.26 51.03 49.26 50.88 16.3M
HP Inc. HPQ 45.80 46.67 45.58 46.61 15.9M
Merck MRK 35.52 35.66 35.20 35.66 14M
Schlumberger SLB 58.49 61.33 58.02 61.04 13.8M
UnitedHealth Group UNH 31.35 31.49 30.24 30.83 13.5M
Gilead Sciences GILD 32.66 33.04 32.53 33.00 13M
ConocoPhillips COP 51.00 52.86 50.80 52.66 12.5M
Walt Disney & Co. DIS 33.33 33.45 32.80 33.40 11.6M
Pepsico PEP 61.77 64.87 61.71 64.73 11.2M
Procter & Gamble PG 61.63 62.12 61.21 62.07 10.9M
Altria MO 21.20 21.52 21.16 21.52 10.7M
Bristol-Myers Squibb BMY 24.65 25.09 24.46 25.02 10.7M
Coca-Cola KO 51.97 53.36 51.92 53.24 9.77M
Chevron CVX 71.00 73.21 70.96 73.10 8.92M
Alphabet GOOGL 461.03 482.99 460.60 481.59 8.1M
Amazon AMZN 120.61 120.71 117.51 120.10 6.78M
Amgen AMGN 52.96 53.20 52.08 53.20 5.63M
McDonald's MCD 69.47 70.96 69.44 70.87 5.47M
United Technologies UTX 65.75 67.74 65.75 67.54 5.26M
Berkshire Hathaway BRK.B 76.40 78.50 76.30 78.24 5.25M
Union Pacific UNP 67.39 69.68 66.84 69.63 5.08M
Boeing BA 62.26 64.00 61.83 63.88 5.07M
Visa V 70.71 73.66 70.50 73.60 4.78M
3M MMM 80.48 82.34 80.01 82.19 3.05M
Exchange Rates of July 20, 2010
CurrenciesExchange Rates
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

See what else happened on July 20, 2010