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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC21.1621.7321.1021.6572.7M
General ElectricGE14.3615.0114.3614.9467.3M
Cisco SystemsCSCO22.2723.0822.0523.0566.2M
Wells Fargo & Co.WFC25.4725.9225.3025.9147.7M
PfizerPFE14.6514.6514.4414.5547.1M
MicrosoftMSFT24.8625.4824.7025.4845.5M
JPMorgan ChaseJPM38.3239.6438.2839.6343.5M
AppleAAPL242.90252.90240.01251.8938.4M
Oracle Corp.ORCL23.2723.9723.0423.9238.2M
AT&T Inc.T24.6924.8024.5024.7924.1M
ExxonMobilXOM57.6858.9957.6758.9523.8M
Home DepotHD26.7528.0326.6227.9323.3M
Johnson & JohnsonJNJ58.4558.7758.0058.5822.3M
ComcastCMCSA18.7418.9518.5818.8622.2M
Verizon CommunicationsVZ26.6326.7726.5626.6721.4M
Abbott LaboratoriesABT47.1347.5546.8647.4716.5M
International Business MachinesIBM122.97126.56122.93126.5516.3M
Wal-Mart StoresWMT49.2651.0349.2650.8816.3M
HP Inc.HPQ45.8046.6745.5846.6115.9M
MerckMRK35.5235.6635.2035.6614M
SchlumbergerSLB58.4961.3358.0261.0413.8M
UnitedHealth GroupUNH31.3531.4930.2430.8313.5M
Gilead SciencesGILD32.6633.0432.5333.0013M
ConocoPhillipsCOP51.0052.8650.8052.6612.5M
Walt Disney & Co.DIS33.3333.4532.8033.4011.6M
PepsicoPEP61.7764.8761.7164.7311.2M
Procter & GamblePG61.6362.1261.2162.0710.9M
AltriaMO21.2021.5221.1621.5210.7M
Bristol-Myers SquibbBMY24.6525.0924.4625.0210.7M
Coca-ColaKO51.9753.3651.9253.249.77M
ChevronCVX71.0073.2170.9673.108.92M
AlphabetGOOGL461.03482.99460.60481.598.1M
AmazonAMZN120.61120.71117.51120.106.78M
AmgenAMGN52.9653.2052.0853.205.63M
McDonald'sMCD69.4770.9669.4470.875.47M
United TechnologiesUTX65.7567.7465.7567.545.26M
Berkshire HathawayBRK.B76.4078.5076.3078.245.25M
Union PacificUNP67.3969.6866.8469.635.08M
BoeingBA62.2664.0061.8363.885.07M
VisaV70.7173.6670.5073.604.78M
3MMMM80.4882.3480.0182.193.05M
Exchange Rates of July 20, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.430 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.043 CAD1 CAD = 0.959 USD
US DollarSwiss Franc1 USD = 1.052 CHF1 CHF = 0.951 USD
US DollarChinese Yuan1 USD = 6.779 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 112.740 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.844 GBP1 GBP = 1.185 EUR
EuroAustralian Dollar1 EUR = 1.459 AUD1 AUD = 0.686 EUR
EuroCanadian Dollar1 EUR = 1.344 CAD1 CAD = 0.744 EUR
EuroSwiss Franc1 EUR = 1.356 CHF1 CHF = 0.737 EUR
EuroChinese Yuan1 EUR = 8.733 CNY1 CNY = 0.115 EUR
Japanese YenPound Sterling1 JPY = 0.748 GBP1 GBP = 1.337 JPY
Japanese YenAustralian Dollar1 JPY = 1.293 AUD1 AUD = 0.773 JPY
Japanese YenCanadian Dollar1 JPY = 1.192 CAD1 CAD = 0.839 JPY
Japanese YenSwiss Franc1 JPY = 1.203 CHF1 CHF = 0.832 JPY
Pound SterlingAustralian Dollar1 GBP = 1.728 AUD1 AUD = 0.579 GBP
Pound SterlingCanadian Dollar1 GBP = 1.593 CAD1 CAD = 0.628 GBP
Pound SterlingSwiss Franc1 GBP = 1.607 CHF1 CHF = 0.622 GBP
Pound SterlingChinese Yuan1 GBP = 10.339 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.922 CAD1 CAD = 1.085 AUD
Australian DollarSwiss Franc1 AUD = 0.930 CHF1 CHF = 1.076 AUD
Australian DollarChinese Yuan1 AUD = 5.985 CNY1 CNY = 0.167 AUD
Canadian DollarSwiss Franc1 CAD = 1.008 CHF1 CHF = 0.992 CAD
Canadian DollarChinese Yuan1 CAD = 6.497 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 6.440 CNY1 CNY = 0.155 CHF

See what else happened on July 20, 2010