Financial news on June 22, 2010
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
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..
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..
Ben Bernanke thinks that growth is too slow but that it shouldn’t be accelerated. With unemployment high, that’s risky. Read more..
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
Currencies | Exchange 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