Financial news on July 21, 2009

Business and Financial news
A Race to Provide Wi-Fi (but Not the Voice Part)

Row44 is a new competitor in the market to help airlines provide Internet and related services to its passengers. But what about phone calls? Read more..

By JOE SHARKEY - The New York Times

Banker Who Helped Avert Bailout at Barclays to Leave

Roger Jenkins, who helped the bank avoid a government bailout by winning Middle East investments, will start his own firm. Read more..

By JULIA WERDIGIER - The New York Times

Blank Checks Firing Blanks

Deals involving special-purpose acquisition corporations that sat on cash and safe investments outperformed those that did deals. Read more..


Bringing the Human Factor Back to Pro Tennis

With 34 percent fewer Americans playing tennis, advertisers are trying to hook them emotionally to get them back on the court. Read more..

By ANDREW ADAM NEWMAN - The New York Times

CIT to Get Financing From Bondholders

After four days of tense negotiations, the CIT Group has found investors willing to throw the foundering lender a financial lifeline. Read more..

By MICHAEL J. de la MERCED - The New York Times

Dealing With Rumors in the Workplace

They are always with us. Ignore them and a bad situation may grow worse. Here are some tips on handling rumors among your employees. Read more..

By PAUL B. BROWN - The New York Times

Markets, Buoyed by Leading Indicators, Gain Momentum

Upbeat investors welcomed reports that the CIT Group was close to securing enough financing to avoid bankruptcy. Read more..

By GERRY SHIH - The New York Times

Top Editor at Us Weekly Is Departing

Janice Min, who helped turn the publication into the No. 2 celebrity magazine behind People, will leave next week. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

TV Outsider Is Pick to Lead Weather Channel’s Universe

Michael J. Kelly has worked in private equity, and he was once the president of AOL Media Networks and a publisher of Entertainment Weekly. Read more..

By BILL CARTER - The New York Times

U.S. Withheld Data on Risks of Distracted Driving

In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE11.7811.8111.3211.47101M
Cisco SystemsCSCO21.2721.5920.8821.5972.6M
Wells Fargo & Co.WFC25.7825.9024.8025.3564.5M
JPMorgan ChaseJPM37.2037.3136.6036.9443.5M
Oracle Corp.ORCL21.9722.0021.4321.9336.4M
AT&T Inc.T24.5624.7724.3924.5724.1M
Bristol-Myers SquibbBMY20.0820.1719.8520.1121.2M
Wal-Mart StoresWMT48.9148.9548.4548.8617.2M
Abbott LaboratoriesABT45.2045.3944.5145.0017M
Verizon CommunicationsVZ29.9830.3729.9030.3214.6M
HP Inc.HPQ40.0940.5839.7540.5714.1M
Home DepotHD24.8724.9024.1324.4613.7M
Walt Disney & Co.DIS25.3925.5424.9625.2013.1M
UnitedHealth GroupUNH25.4825.8724.9525.5912.9M
Johnson & JohnsonJNJ59.3359.9058.8259.4911.2M
Procter & GamblePG55.9456.1852.0055.0511.1M
Gilead SciencesGILD47.9048.5947.6148.559.39M
International Business MachinesIBM115.87117.04115.38117.048.3M
United TechnologiesUTX54.4554.6453.5553.977.38M
Union PacificUNP59.1359.6157.7458.644.23M
Berkshire HathawayBRK.B2988.002993.002968.002975.0030.4K
Exchange Rates of July 21, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.650 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.105 CAD1 CAD = 0.905 USD
US DollarSwiss Franc1 USD = 1.066 CHF1 CHF = 0.938 USD
US DollarChinese Yuan1 USD = 6.831 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 133.100 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.864 GBP1 GBP = 1.157 EUR
EuroAustralian Dollar1 EUR = 1.739 AUD1 AUD = 0.575 EUR
EuroCanadian Dollar1 EUR = 1.570 CAD1 CAD = 0.637 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 9.715 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.649 GBP1 GBP = 1.542 JPY
Japanese YenAustralian Dollar1 JPY = 1.306 AUD1 AUD = 0.766 JPY
Japanese YenCanadian Dollar1 JPY = 1.179 CAD1 CAD = 0.848 JPY
Japanese YenSwiss Franc1 JPY = 1.138 CHF1 CHF = 0.878 JPY
Pound SterlingAustralian Dollar1 GBP = 2.012 AUD1 AUD = 0.497 GBP
Pound SterlingCanadian Dollar1 GBP = 1.817 CAD1 CAD = 0.550 GBP
Pound SterlingSwiss Franc1 GBP = 1.755 CHF1 CHF = 0.570 GBP
Pound SterlingChinese Yuan1 GBP = 11.232 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.903 CAD1 CAD = 1.108 AUD
Australian DollarSwiss Franc1 AUD = 0.872 CHF1 CHF = 1.147 AUD
Australian DollarChinese Yuan1 AUD = 5.585 CNY1 CNY = 0.179 AUD
Canadian DollarSwiss Franc1 CAD = 0.965 CHF1 CHF = 1.037 CAD
Canadian DollarChinese Yuan1 CAD = 6.188 CNY1 CNY = 0.162 CAD
Swiss FrancChinese Yuan1 CHF = 6.405 CNY1 CNY = 0.156 CHF

See what else happened on July 21, 2009