Financial news on July 21, 2010

Business and Financial news
A.I.G.: The First Test of Financial Reform?

The Deal Professor explores how the government could use its new resolution authority to put the American International Group into receivership if it did choose to do so. Read more..

By STEVEN DAVIDOFF SOLOMON - The New York Times

BlackRock Posts 35% Gain in Earnings

BlackRock, the world’s largest money manager, posted a better-than-expected 35 percent increase in second-quarter earnings. Read more..

By DEALBOOK - The New York Times

Greek Rail System’s Debt Adds to Economic Woes

The state-owned railway loses about $3.8 million a day, prompting a search for solutions: maybe a foreign investor or a complete overhaul. Read more..

By LANDON THOMAS Jr - The New York Times

Lover’s Woe

Bean or Bench? Today we need both, in French! Read more..

By JIM HORNE - The New York Times

Sara Lee Said to Ponder Auction of Bread Unit

Is Sara Lee cooking up an auction of its bread and bakery division? According to press reports, the food giant is mulling a sale of the unit, which includes the largest fresh-bread brand in the U.S. Read more..

By DEALBOOK - The New York Times

Tough Stretch Causes Poor 2nd Quarter at Goldman

The “flash crash” and the rest of the stock market madness in May and June resulted in Goldman’s worst quarterly performance since the depths of the financial crisis in late 2008, and the first time that it has missed analysts’ estimates in five years. Read more..

By DEALBOOK - The New York Times

Trading Results Help Lift Morgan Stanley

The bank reported a profit from continuing operations of $1.46 billion, topping analysts’ expectations. Read more..

By DEALBOOK - The New York Times

Wall Street Ends the Day Higher

Stocks closed a lightly traded session higher Tuesday despite disappointing earnings from Goldman Sachs and Johnson & Johnson. Read more..

By DEALBOOK - The New York Times

Wal-Mart and Sequoia Set for 801% Gain From I.P.O.

Green Dot’s executives are seeking an initial public offering that hands Wal-Mart Stores a ninefold paper gain in the debit-card seller, asking for a higher price than investors pay for any of its rivals, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

With Sale of Assets, BP Bets on More Deep Wells

The company agreed to sell $7 billion of oil and gas fields to the Apache Corporation. The move will help raise the $20 billion it said it would put in escrow to pay claims for the oil spill. Read more..

By JAD MOUAWAD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.6025.6524.9825.1273.3M
IntelINTC21.5721.6521.1821.2671.8M
Wells Fargo & Co.WFC27.5327.6025.9726.0670.9M
General ElectricGE15.1115.2014.6414.8465M
Cisco SystemsCSCO23.0623.2222.4022.5645.8M
AppleAAPL265.09265.15254.00254.2442.3M
PfizerPFE14.5514.7214.4214.5042.3M
JPMorgan ChaseJPM40.2540.2538.3438.4241.1M
Oracle Corp.ORCL23.8623.9723.4623.5638.7M
ComcastCMCSA18.8518.8718.1118.3535.2M
Gilead SciencesGILD32.5833.4431.7332.9130.1M
AT&T Inc.T24.8925.1724.7324.9229M
ExxonMobilXOM59.1359.1357.6058.1726.9M
Johnson & JohnsonJNJ58.8058.8056.8757.1225.7M
Verizon CommunicationsVZ26.8026.8126.4126.5220.6M
Coca-ColaKO53.5054.7953.2854.0818.2M
HP Inc.HPQ46.6146.7545.2745.4817.7M
Home DepotHD27.7828.0127.3527.4717.2M
Procter & GamblePG61.7261.8260.8661.1114.9M
AltriaMO21.7021.7021.2621.4113.6M
MerckMRK35.4835.6934.9835.1912.8M
SchlumbergerSLB61.2561.5058.9159.5912.5M
Wal-Mart StoresWMT51.0051.0050.1150.3512.3M
ConocoPhillipsCOP53.0853.1351.6552.1211.4M
Walt Disney & Co.DIS33.4733.6032.6332.8110.2M
Bristol-Myers SquibbBMY24.9225.1124.5924.759.83M
ChevronCVX73.3373.5571.5772.179.05M
UnitedHealth GroupUNH30.8531.1330.5830.708.88M
PepsicoPEP64.7864.9863.6763.958.69M
International Business MachinesIBM126.44126.50124.62125.278.62M
United TechnologiesUTX67.6768.7366.5367.036.6M
AlphabetGOOGL484.00485.70475.43477.506.55M
AmgenAMGN53.1053.3152.0952.256.02M
Berkshire HathawayBRK.B78.5278.7076.2176.635.78M
McDonald'sMCD70.9371.0069.6570.115.73M
AmazonAMZN120.62121.25117.26117.435.01M
3MMMM82.6483.1181.3482.304.99M
BoeingBA64.4064.8162.6763.184.46M
Union PacificUNP70.6870.6868.2969.124.02M
VisaV73.9974.0171.9372.363.98M
Abbott LaboratoriesABT47.6549.3847.6548.683.52M
Exchange Rates of July 21, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86.940 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.049 CAD1 CAD = 0.953 USD
US DollarSwiss Franc1 USD = 1.051 CHF1 CHF = 0.952 USD
US DollarChinese Yuan1 USD = 6.778 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 110.880 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.841 GBP1 GBP = 1.189 EUR
EuroAustralian Dollar1 EUR = 1.454 AUD1 AUD = 0.688 EUR
EuroCanadian Dollar1 EUR = 1.338 CAD1 CAD = 0.748 EUR
EuroSwiss Franc1 EUR = 1.340 CHF1 CHF = 0.746 EUR
EuroChinese Yuan1 EUR = 8.645 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.758 GBP1 GBP = 1.320 JPY
Japanese YenAustralian Dollar1 JPY = 1.311 AUD1 AUD = 0.763 JPY
Japanese YenCanadian Dollar1 JPY = 1.206 CAD1 CAD = 0.829 JPY
Japanese YenSwiss Franc1 JPY = 1.209 CHF1 CHF = 0.827 JPY
Pound SterlingAustralian Dollar1 GBP = 1.730 AUD1 AUD = 0.578 GBP
Pound SterlingCanadian Dollar1 GBP = 1.591 CAD1 CAD = 0.629 GBP
Pound SterlingSwiss Franc1 GBP = 1.594 CHF1 CHF = 0.628 GBP
Pound SterlingChinese Yuan1 GBP = 10.276 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.920 CAD1 CAD = 1.087 AUD
Australian DollarSwiss Franc1 AUD = 0.921 CHF1 CHF = 1.086 AUD
Australian DollarChinese Yuan1 AUD = 5.942 CNY1 CNY = 0.168 AUD
Canadian DollarSwiss Franc1 CAD = 1.001 CHF1 CHF = 0.999 CAD
Canadian DollarChinese Yuan1 CAD = 6.458 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.450 CNY1 CNY = 0.155 CHF

See what else happened on July 21, 2010