Financial news on June 22, 2010

Business and Financial news
A K.K.R. Executive Goes Back to School

Kenneth W. Freeman, an executive at Kohlberg Kravis Roberts, is leaving buyouts for books as he prepares to become the next dean of Boston University’s School of Management. Read more..

By DEALBOOK - The New York Times

Andreessen Horowitz Grows Up

Andreessen Horowitz, the venture capital firm that was started just one year ago, has already made a name for itself in Silicon Valley and is building a new kind of venture capital firm in the process, Claire Cain Miller at Bits reports. Read more..

By DEALBOOK - The New York Times

Citi Goes Hollywood for Spacey and Crew

Citigroup turned Hollywood last week, hosting Kevin Spacey as he prepares for a role in a new indie film set during the financial crisis. Read more..

By ERIC DASH - The New York Times

CVC Said to Take Stake in Merlin Entertainment

CVC Capital Partners is in talks to take a 30 percent stake in Merlin Entertainments, as rival private equity firm the Blackstone Group looks to reduce its stake in the business, Reuters reported. Read more..

By DEALBOOK - The New York Times

Despite U.S. Plea, European Bank Pushes Austerity

European countries need to keep a sharper eye on one another’s finances, and sanctions against fiscal rule-breakers should kick in automatically, the European Central Bank president, Jean-Claude Trichet, said on Monday. Read more..

By DEALBOOK - The New York Times

France, Germany and U.K. Support Bank Tax

The three largest European countries on Tuesday solidified their commitment to direct bank taxes as part of the build-up to a summit meeting of the Group of 20 countries, where agreement on the matter is far from assured. Read more..

By DEALBOOK - The New York Times

Hedge Funds Said to Back Spyglass to Run MGM

Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer, after impressing a group of hedge funds holding large amounts of the movie studio’s debt, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

JPMorgan Names Braunstein C.F.O. in Shake-Up

JPMorgan Chase on Tuesday continued to shuffle its top management ranks, including by appointing one of its most senior investment bankers as its new chief financial officer. Read more..

By DEALBOOK - The New York Times

Justices Back Monsanto on Biotech Seed Planting

The Supreme Court overturned a ruling that had barred the planting of modified alfalfa seed from Monsanto until the federal government completed an environmental review. Read more..

By ANDREW POLLACK - The New York Times

When Caution Carries Risk

Ben Bernanke thinks that growth is too slow but that it shouldn’t be accelerated. With unemployment high, that’s risky. Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16,09 16,17 15,77 15,79 65M
Intel INTC 21,13 21,33 20,86 20,98 58.8M
Microsoft MSFT 26,16 26,45 25,76 25,77 56M
Pfizer PFE 15,15 15,24 14,97 14,97 43.8M
JPMorgan Chase JPM 38,93 39,58 38,22 38,33 42.2M
Cisco Systems CSCO 23,32 23,65 22,92 22,97 42.1M
Wells Fargo & Co. WFC 28,03 28,33 27,43 27,46 33.7M
Comcast CMCSA 18,41 18,66 18,23 18,24 26.9M
ExxonMobil XOM 63,13 63,20 61,79 61,94 26.1M
AT&T Inc. T 25,43 25,60 25,29 25,36 25.8M
Apple AAPL 272,16 275,97 271,50 273,85 25.6M
Home Depot HD 31,46 31,60 30,53 30,61 22.9M
Oracle Corp. ORCL 23,24 23,49 22,88 22,89 19.1M
Merck MRK 35,19 35,72 35,07 35,13 16.4M
Verizon Communications VZ 29,11 29,38 29,01 29,06 15.8M
Schlumberger SLB 60,33 60,56 58,19 58,26 15.1M
ConocoPhillips COP 55,70 56,19 54,25 54,46 14.8M
Johnson & Johnson JNJ 59,25 60,09 59,12 59,16 13.8M
Wal-Mart Stores WMT 51,07 51,47 50,60 50,68 13.7M
HP Inc. HPQ 47,52 48,00 46,70 46,77 13.2M
Procter & Gamble PG 61,06 61,65 60,69 60,72 13.2M
Altria MO 20,05 20,15 19,78 19,85 12.5M
Abbott Laboratories ABT 48,32 48,71 47,95 47,99 12.4M
Visa V 81,00 81,00 78,63 78,76 11.7M
Bristol-Myers Squibb BMY 25,41 25,78 25,38 25,44 10.9M
Chevron CVX 75,45 75,72 73,88 74,00 10.6M
Coca-Cola KO 52,46 53,08 52,43 52,46 10.4M
Gilead Sciences GILD 35,93 36,79 35,84 35,91 10.3M
Walt Disney & Co. DIS 35,12 35,46 34,29 34,35 9.73M
Berkshire Hathaway BRK.B 79,54 80,32 79,11 79,53 9.06M
UnitedHealth Group UNH 31,11 31,34 30,58 30,64 6.58M
Amazon AMZN 122,65 125,23 121,55 122,31 6.21M
International Business Machines IBM 130,37 131,47 129,07 129,30 6.03M
Pepsico PEP 64,03 64,25 63,18 63,30 5.98M
Amgen AMGN 56,34 57,20 56,04 56,12 5.82M
McDonald's MCD 70,01 70,37 68,55 68,64 5.49M
Alphabet GOOGL 489,90 496,60 485,73 486,25 4.43M
United Technologies UTX 69,30 69,67 67,85 67,99 4.2M
Boeing BA 67,97 68,47 66,15 66,28 4.19M
Union Pacific UNP 76,76 76,87 73,63 73,83 4.13M
3M MMM 81,71 81,87 79,88 80,03 3.12M
Exchange Rates of June 22, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90,480 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,029 CAD 1 CAD = 0,972 USD
US Dollar Swiss Franc 1 USD = 1,107 CHF 1 CHF = 0,903 USD
US Dollar Chinese Yuan 1 USD = 6,814 CNY 1 CNY = 0,147 USD
Euro Japanese Yen 1 EUR = 111,020 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,829 GBP 1 GBP = 1,207 EUR
Euro Australian Dollar 1 EUR = 1,407 AUD 1 AUD = 0,711 EUR
Euro Canadian Dollar 1 EUR = 1,262 CAD 1 CAD = 0,792 EUR
Euro Swiss Franc 1 EUR = 1,359 CHF 1 CHF = 0,736 EUR
Euro Chinese Yuan 1 EUR = 8,356 CNY 1 CNY = 0,120 EUR
Japanese Yen Pound Sterling 1 JPY = 0,746 GBP 1 GBP = 1,340 JPY
Japanese Yen Australian Dollar 1 JPY = 1,268 AUD 1 AUD = 0,789 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,136 CAD 1 CAD = 0,880 JPY
Japanese Yen Swiss Franc 1 JPY = 1,224 CHF 1 CHF = 0,817 JPY
Pound Sterling Australian Dollar 1 GBP = 1,699 AUD 1 AUD = 0,589 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,523 CAD 1 CAD = 0,657 GBP
Pound Sterling Swiss Franc 1 GBP = 1,640 CHF 1 CHF = 0,610 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,076 CNY 1 CNY = 0,099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,896 CAD 1 CAD = 1,116 AUD
Australian Dollar Swiss Franc 1 AUD = 0,965 CHF 1 CHF = 1,036 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,933 CNY 1 CNY = 0,169 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,076 CHF 1 CHF = 0,929 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,620 CNY 1 CNY = 0,151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,149 CNY 1 CNY = 0,163 CHF

See what else happened on June 22, 2010