Financial news on July 23rd, 2010

Business and Financial news
Energy Dept. Pours $122 Million Into Solar Fuel

The U.S. Department of Energy announced today that it has awarded $122 million to a team of scientists in California to establish an Energy Innovation Hub focused on converting sunlight into different types of liquid fuel. Read more..

By DEALBOOK - The New York Times

Existing Home Sales Fell 5.1% in June

The decline was smaller than analysts had expected, and median prices rose fractionally. Read more..

By CHRISTINE HAUSER - The New York Times

G.M. Said to Plan I.P.O. Filing by Mid-August

General Motors plans to file its registration for an initial public offering during the week of August 16, just after the expected date for its second quarter results, according to two people with direct knowledge of the preparations. Read more..

By DEALBOOK - The New York Times

In Greece, Stress Tests Not So Hard to Pass

In Greece, five of the six banks surveyed are expected to pass the Europe wide stress tests, the results of which will be released Friday at midday eastern time, The Wall Street Journal reports. Read more..

By DEALBOOK - The New York Times

Mortgage Securities and the Fed’s Dilemma

Keeping the securities could cost the central bank money and make it harder to fight inflation, while selling them could drain money from the economy. Read more..

By DEALBOOK - The New York Times

Mortgage Securities It Holds Pose Sticky Problem for Fed

Keeping the securities could cost the central bank money and make it harder to fight inflation, while selling them could drain money from the economy. Read more..


RPI Snaps Up $5 Million for Custom Photos

RPI, a company that prints custom photo products, today announced it secured a $5 million round of funding from Huntington Capital. Read more..

By DEALBOOK - The New York Times

The Stockbrokers That Customers Like Best

Edward Jones ranked highest for investor satisfaction among full-service brokerage firms, according to a new study from J.D. Power & Associates. Read more..

By DEALBOOK - The New York Times

U.P.S., Citing a Strong Performance, Raises Outlook

The delivery company posted a strong second quarter and said its international business was particularly promising. Read more..

By SUSANNA KIM - The New York Times

Wylie’s E-Book Venture Stirs a Fuss in Publishing

Random House has issued a forceful response to Andrew Wylie’s announcement that he has started his publishing venture to produce e-books: it will stop doing business with the literary agent. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15,2115,8515,0315,71113M
Verizon CommunicationsVZ27,8228,1827,4928,0247.1M
Cisco SystemsCSCO23,1623,4123,0123,3539.3M
AT&T Inc.T25,8425,9225,4525,5432.7M
Oracle Corp.ORCL24,2024,5824,1524,5029.8M
JPMorgan ChaseJPM39,1739,9638,9739,8328.2M
Wells Fargo & Co.WFC27,3327,5527,0027,4225.7M
Home DepotHD28,1428,3627,9028,2519M
HP Inc.HPQ45,9846,4445,7246,1518.9M
Abbott LaboratoriesABT48,9849,1648,5848,9318.2M
Johnson & JohnsonJNJ57,2857,6457,0057,6315.1M
Wal-Mart StoresWMT50,9151,8150,9051,6713M
Bristol-Myers SquibbBMY24,9424,9524,2624,6513M
Gilead SciencesGILD33,7333,8232,8433,4312.6M
Walt Disney & Co.DIS33,5234,2133,4534,1310.8M
Procter & GamblePG61,4061,9661,2161,918.46M
UnitedHealth GroupUNH31,0031,2530,7430,925.75M
Berkshire HathawayBRK.B78,2178,9377,8278,715.41M
International Business MachinesIBM127,30128,80127,00128,385.08M
United TechnologiesUTX69,4871,1469,1670,904.66M
Union PacificUNP72,6674,3372,5573,904.4M
Exchange Rates of July 23rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87,410 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,036 CAD1 CAD = 0,966 USD
US DollarSwiss Franc1 USD = 1,055 CHF1 CHF = 0,948 USD
US DollarChinese Yuan1 USD = 6,781 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 112,760 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,837 GBP1 GBP = 1,195 EUR
EuroAustralian Dollar1 EUR = 1,441 AUD1 AUD = 0,694 EUR
EuroCanadian Dollar1 EUR = 1,336 CAD1 CAD = 0,748 EUR
EuroSwiss Franc1 EUR = 1,361 CHF1 CHF = 0,735 EUR
EuroChinese Yuan1 EUR = 8,750 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,741 GBP1 GBP = 1,350 JPY
Japanese YenAustralian Dollar1 JPY = 1,275 AUD1 AUD = 0,784 JPY
Japanese YenCanadian Dollar1 JPY = 1,184 CAD1 CAD = 0,845 JPY
Japanese YenSwiss Franc1 JPY = 1,206 CHF1 CHF = 0,830 JPY
Pound SterlingAustralian Dollar1 GBP = 1,722 AUD1 AUD = 0,581 GBP
Pound SterlingCanadian Dollar1 GBP = 1,597 CAD1 CAD = 0,626 GBP
Pound SterlingSwiss Franc1 GBP = 1,626 CHF1 CHF = 0,615 GBP
Pound SterlingChinese Yuan1 GBP = 10,445 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,927 CAD1 CAD = 1,079 AUD
Australian DollarSwiss Franc1 AUD = 0,942 CHF1 CHF = 1,062 AUD
Australian DollarChinese Yuan1 AUD = 6,072 CNY1 CNY = 0,165 AUD
Canadian DollarSwiss Franc1 CAD = 1,015 CHF1 CHF = 0,985 CAD
Canadian DollarChinese Yuan1 CAD = 6,545 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,429 CNY1 CNY = 0,156 CHF

See what else happened on July 23rd, 2010