Financial news on July 28th, 2009

Business and Financial news
As Profit Falls 21%, Verizon Plans to Slash 8,000 Jobs

The company reported a 21 percent decline in net income for the second quarter. Read more..

By SAUL HANSELl - The New York Times

European Union Puts Out the Welcome Mat for Once-Aloof Iceland

The blessing by European foreign ministers of Iceland’s application raised questions about whether the bloc was losing the will to incorporate nations in the Balkans. Read more..

By STEPHEN CASTLE - The New York Times

How the Driving Tests Were Conducted

Two hundred truckers took part in a study that covered three million miles. Read more..

By MATT RICHTEL - The New York Times

In First Class, but Treated Otherwise

A trip to Dubai featured cold shoulders, until a little fib brought fear to the flight attendants. Read more..


Netflix Competitors Learn the Power of Teamwork

A contest with a $1 million prize for improving on Netflix’s movie recommendations ended in a dead heat, but has already produced an impressive legacy. Read more..

By STEVE LOHR - The New York Times

New-Home Sales Jump as Prices Fall Sharply

New home sales posted the largest monthly gain in nearly eight years in a sign that the market is bottoming. Read more..

By JACK HEALY - The New York Times

Regulator Weighs Limits on Some Energy Trades

The top commodity market regulator said that the U.S. should consider limiting some energy futures trading. Read more..

By EDMUND L. ANDREWS - The New York Times

What Citigroup Should Say to Us, Its Shareholders

Surely the bank’s chairman has some welcoming remarks for the American taxpayers, who will soon own the company. Read more..

By ANTONY CURRIE - The New York Times

Young Japanese Women Vie for a Once-Scorned Job

Once derided as immodest, hostessing, a job in which young women lavish attention on affluent men, has become a popular and respected profession. Read more..

By HIROKO TABUCHI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE12,2512,7012,1812,52106M
Wells Fargo & Co.WFC23,9924,6423,9024,5262.7M
Cisco SystemsCSCO21,6221,9921,3721,9340.1M
JPMorgan ChaseJPM37,7438,2037,6538,0829M
Oracle Corp.ORCL21,8622,3221,7222,2426.4M
AT&T Inc.T25,6225,8025,3925,5224.6M
Verizon CommunicationsVZ30,8831,4230,7631,4018M
UnitedHealth GroupUNH27,7829,7127,4629,0817.7M
Abbott LaboratoriesABT44,9645,6044,9045,4315.3M
Wal-Mart StoresWMT48,7648,9948,6648,9211.8M
Home DepotHD25,0825,4024,9625,3911.7M
HP Inc.HPQ41,6841,9841,2041,9811.6M
Bristol-Myers SquibbBMY21,2721,5020,9821,1811.4M
Walt Disney & Co.DIS26,5726,5926,0926,3710.8M
Johnson & JohnsonJNJ61,0361,5760,6060,929.03M
Procter & GamblePG55,6055,9655,2855,718.14M
Gilead SciencesGILD49,0049,8248,8049,737.75M
International Business MachinesIBM116,63117,52116,34117,285.78M
United TechnologiesUTX51,8452,6251,6452,445.26M
Union PacificUNP57,2457,7755,8556,563.69M
Berkshire HathawayBRK.B3125,003135,003096,003135,0033K
Exchange Rates of July 28th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94,490 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,081 CAD1 CAD = 0,925 USD
US DollarSwiss Franc1 USD = 1,075 CHF1 CHF = 0,930 USD
US DollarChinese Yuan1 USD = 6,831 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 133,900 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,863 GBP1 GBP = 1,159 EUR
EuroAustralian Dollar1 EUR = 1,714 AUD1 AUD = 0,583 EUR
EuroCanadian Dollar1 EUR = 1,531 CAD1 CAD = 0,653 EUR
EuroSwiss Franc1 EUR = 1,524 CHF1 CHF = 0,656 EUR
EuroChinese Yuan1 EUR = 9,680 CNY1 CNY = 0,103 EUR
Japanese YenPound Sterling1 JPY = 0,644 GBP1 GBP = 1,553 JPY
Japanese YenAustralian Dollar1 JPY = 1,280 AUD1 AUD = 0,781 JPY
Japanese YenCanadian Dollar1 JPY = 1,143 CAD1 CAD = 0,875 JPY
Japanese YenSwiss Franc1 JPY = 1,138 CHF1 CHF = 0,879 JPY
Pound SterlingAustralian Dollar1 GBP = 1,986 AUD1 AUD = 0,503 GBP
Pound SterlingCanadian Dollar1 GBP = 1,775 CAD1 CAD = 0,564 GBP
Pound SterlingSwiss Franc1 GBP = 1,766 CHF1 CHF = 0,566 GBP
Pound SterlingChinese Yuan1 GBP = 11,213 CNY1 CNY = 0,089 GBP
Australian DollarCanadian Dollar1 AUD = 0,893 CAD1 CAD = 1,120 AUD
Australian DollarSwiss Franc1 AUD = 0,888 CHF1 CHF = 1,126 AUD
Australian DollarChinese Yuan1 AUD = 5,646 CNY1 CNY = 0,177 AUD
Canadian DollarSwiss Franc1 CAD = 0,995 CHF1 CHF = 1,006 CAD
Canadian DollarChinese Yuan1 CAD = 6,319 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,352 CNY1 CNY = 0,157 CHF

See what else happened on July 28th, 2009