Financial news on July 22, 2010

Business and Financial news
4 Oil Firms Commit $1 Billion for Gulf Rapid-Response Plan

Four large oil companies are committing $1 billion to set up a system to deal with oil spills in the Gulf of Mexico. Read more..

By JAD MOUAWAD - The New York Times

Camelot Shares Fall in Debut

Shares of Camelot Information Systems fell 3 percent their market debut Wednesday, after pricing its initial public offering at the bottom of its expected range. Read more..

By DEALBOOK - The New York Times

Copano Energy Taps TPG for $300 Million

TPG Capital is investing $300 million in natural gas company Copano Energy, which it will use to fund shale gas production developments, Reuters reported. Read more..

By DEALBOOK - The New York Times

Dispiriting Data Before Stress Test Results

The governments and regulators of the European Union still have a lot of work in store to shore up the reputation of their banking systems, as data demonstrates that weaker members are leaning on the European Central Bank like never before, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

G4 Channel to Become 4G in a Week of Sprint Promotion

The change, which will last seven days, is intended to give visibility to Sprint Nextel’s next-generation wireless Internet service. Read more..

By BRIAN STELTER - The New York Times

Google Ventures Finances a Search Marketing Start-Up

Google, which makes the vast majority of its money selling search ads, said Wednesday that its venture capital arm has invested in Trada, a start-up that makes it easier for small businesses to buy those ads by crowdsourcing the work. Read more..

By DEALBOOK - The New York Times

Morgan’s Effort to Cut Risk Appears to Pay Off

Morgan Stanley’s post-crisis conversion to reducing risk finally seems to be paying off, Reuters Breakingviews says. Read more..

By DEALBOOK - The New York Times

New York Sues BofA and Merrill for Pension Losses

New York is suing Bank of America and its Merrill Lynch securities firm over the companies’ merger and Merrill’s subprime mortgage exposure. Read more..

By DEALBOOK - The New York Times

Terra-Gen Raises $1.2 Billion for Wind Farm

Terra-Gen Power, a major developer of wind, solar and geothermal energy projects in the United States, is $1.2 billion closer to building the country’s largest wind farm. Read more..

By DEALBOOK - The New York Times

Tiger Management May Look to Expand

Is Julian Robertson’s Tiger Management set to roar again? The hedge fund titan is reshuffling the ranks at his firm, which seeds hedge fund managers, with an eye to possibly expanding the business, according to press reports. 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 21.35 21.98 21.34 21.78 74.5M
Microsoft MSFT 25.51 25.99 25.47 25.84 73M
General Electric GE 15.08 15.29 14.97 15.21 64.3M
Cisco Systems CSCO 22.73 23.36 22.73 23.27 57.9M
Wells Fargo & Co. WFC 26.62 27.49 26.55 27.39 53M
AT&T Inc. T 25.39 25.83 25.36 25.51 48M
Pfizer PFE 14.61 14.87 14.59 14.81 44.8M
JPMorgan Chase JPM 38.96 39.60 38.73 39.35 35.5M
Oracle Corp. ORCL 23.72 24.41 23.70 24.31 32.7M
ExxonMobil XOM 58.71 59.79 58.66 59.38 27.1M
Home Depot HD 27.71 28.47 27.71 28.22 26.1M
Apple AAPL 257.68 260.00 255.31 259.02 23M
Verizon Communications VZ 26.72 27.16 26.69 27.00 22.5M
Abbott Laboratories ABT 49.02 49.54 48.36 49.01 22.4M
Comcast CMCSA 18.47 19.00 18.46 18.82 20.8M
Altria MO 21.58 21.89 21.42 21.85 19.9M
Johnson & Johnson JNJ 57.43 57.62 56.86 57.02 18M
HP Inc. HPQ 45.83 46.16 45.73 46.07 17.2M
Merck MRK 35.36 35.52 35.00 35.18 15.7M
Amazon AMZN 118.71 120.87 118.02 120.07 15M
Gilead Sciences GILD 33.03 33.86 33.02 33.78 14.7M
Procter & Gamble PG 61.06 61.92 61.01 61.37 13M
Schlumberger SLB 60.50 61.87 60.27 61.30 12.8M
Wal-Mart Stores WMT 50.55 51.09 50.51 50.86 12M
ConocoPhillips COP 52.79 53.89 52.57 53.27 11.7M
Bristol-Myers Squibb BMY 24.96 25.22 24.75 24.93 10.4M
Coca-Cola KO 54.01 54.68 53.98 54.26 10.3M
Walt Disney & Co. DIS 33.09 33.77 33.05 33.59 9.98M
Chevron CVX 72.80 74.00 72.58 73.44 9.55M
UnitedHealth Group UNH 31.09 31.20 30.65 31.00 9.2M
Boeing BA 64.02 67.11 64.02 66.60 7.57M
3M MMM 84.73 85.14 83.85 84.75 7.15M
Pepsico PEP 64.46 64.86 64.00 64.21 7.03M
Union Pacific UNP 71.48 73.84 70.55 72.40 7.03M
International Business Machines IBM 126.32 127.78 126.05 127.47 6.91M
McDonald's MCD 70.51 71.54 70.51 71.40 6.72M
Berkshire Hathaway BRK.B 77.48 78.46 77.25 78.35 6.35M
United Technologies UTX 68.01 69.91 68.01 69.53 5.2M
Amgen AMGN 52.62 53.83 52.62 53.31 5.05M
Visa V 73.15 74.55 73.02 74.46 4.87M
Alphabet GOOGL 483.23 488.98 482.48 484.81 4.29M
Exchange Rates of July 22, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 87.020 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.038 CAD 1 CAD = 0.964 USD
US Dollar Swiss Franc 1 USD = 1.043 CHF 1 CHF = 0.958 USD
US Dollar Chinese Yuan 1 USD = 6.780 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 112.130 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.845 GBP 1 GBP = 1.184 EUR
Euro Australian Dollar 1 EUR = 1.442 AUD 1 AUD = 0.693 EUR
Euro Canadian Dollar 1 EUR = 1.337 CAD 1 CAD = 0.748 EUR
Euro Swiss Franc 1 EUR = 1.344 CHF 1 CHF = 0.744 EUR
Euro Chinese Yuan 1 EUR = 8.737 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.753 GBP 1 GBP = 1.328 JPY
Japanese Yen Australian Dollar 1 JPY = 1.286 AUD 1 AUD = 0.778 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.192 CAD 1 CAD = 0.839 JPY
Japanese Yen Swiss Franc 1 JPY = 1.199 CHF 1 CHF = 0.834 JPY
Pound Sterling Australian Dollar 1 GBP = 1.708 AUD 1 AUD = 0.586 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.583 CAD 1 CAD = 0.632 GBP
Pound Sterling Swiss Franc 1 GBP = 1.592 CHF 1 CHF = 0.628 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.331 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.927 CAD 1 CAD = 1.079 AUD
Australian Dollar Swiss Franc 1 AUD = 0.932 CHF 1 CHF = 1.073 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.055 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.005 CHF 1 CHF = 0.995 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.533 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.498 CNY 1 CNY = 0.154 CHF

See what else happened on July 22, 2010