Financial news on July 28th, 2010

Business and Financial news
A Look at Icahn’s Canadian Challenge to Lions Gate

The Deal Professor examines the legal action that Carl C. Icahn filed against Lions Gate Entertainment in British Columbia. Read more..

By STEVEN DAVIDOFF SOLOMON - The New York Times

BP’s Blueprint for Emerging From Crisis

The company’s latest moves show how it hopes to continue to compete on an equal footing with the world’s top producers. Read more..

By JAD MOUAWAD and CLIFFORD KRAUSS - The New York Times

Carlyle’s UCI International Eyes $200 Million I.P.O.

UCI International, a supplier of replacement parts for light and heavy-duty vehicles, is looking to raise as much as $200 million in an initial public offering, Renaissance Capital reported. Read more..

By DEALBOOK - The New York Times

C.D.S. Market Shows Europe Crisis Easing

The bond market is saying that the threat of a European banking crisis is ending, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

ConocoPhillips to Sell Its Stake in Lukoil

ConocoPhillips said Wednesday that it would sell its entire holdings in the Russian oil company Lukoil by the end of next year. Read more..

By DEALBOOK - The New York Times

Deutsche Profit Hurt by Drop in Investment Banking Revenues

Deutsche Bank said its net profit rose 9 percent in the second quarter, compared to the same period last year. But it was down 34 percent from the start of 2010. Read more..

By JACK EWING - International Herald Tribune

For Tiger Club, Buffett Burns Bright

Warren E. Buffett’s Berkshire Hathaway is the darling of United States millionaires, or at least those in Tiger 21, a peer investment group, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

Near Yale, a 32-Story Gamble Rises in New Haven

The developer of the new apartment complex hopes it attracts Yale graduate students and the medical community. Read more..

By LYNNLEY BROWNING - The New York Times

RAB Capital Posts Pre-Tax Loss

RAB Capital, the London-based hedge fund, reported a pretax loss which widened from last year as clients continued to pull out cash after a volatile summer for equity markets, and warned that asset gathering remains tough. Read more..

By DEALBOOK - The New York Times

U.S. Decision on Pipeline Is Delayed

If fully developed, the Keystone system would allow Canada to export as much as 1.1 million barrels of oil a day. Read more..

By TOM ZELLER Jr - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT26.0726.1925.8325.9569.7M
General ElectricGE16.1016.1815.9516.0552.5M
IntelINTC21.6421.6921.2921.3351.7M
Cisco SystemsCSCO23.2923.6223.2523.3941.8M
PfizerPFE15.2815.4414.9515.0040.4M
AT&T Inc.T26.2426.3526.0226.2033.6M
Verizon CommunicationsVZ28.5729.1628.5528.9132M
ComcastCMCSA19.1219.7218.8419.5629.9M
JPMorgan ChaseJPM40.4440.9040.1540.3223.9M
Wells Fargo & Co.WFC28.2528.5427.9228.0723.9M
ExxonMobilXOM60.7361.2760.7360.9123.5M
Oracle Corp.ORCL24.5524.5924.1724.2821.2M
AppleAAPL263.67265.99260.25260.9618.6M
Gilead SciencesGILD33.5033.9733.1633.4215M
ConocoPhillipsCOP55.0255.2053.8154.4414.9M
Abbott LaboratoriesABT49.3149.4848.8549.2214.3M
Home DepotHD28.5828.9528.0028.0813.9M
Johnson & JohnsonJNJ58.1458.2557.6557.8313.5M
HP Inc.HPQ47.3347.7046.9347.1311.2M
SchlumbergerSLB58.9260.0758.6159.7310.5M
MerckMRK35.1435.4134.6234.749.71M
AltriaMO22.0022.1421.9822.079.61M
Wal-Mart StoresWMT50.8051.3950.8051.139.33M
Bristol-Myers SquibbBMY25.1325.3625.0225.128.07M
UnitedHealth GroupUNH30.7930.9230.1530.337.98M
Procter & GamblePG62.8863.1362.5662.707.84M
ChevronCVX75.1375.6675.0175.567.39M
McDonald'sMCD70.2170.3869.3769.776.71M
Coca-ColaKO55.0555.2054.7754.886.48M
VisaV76.1576.8475.1075.186.3M
Walt Disney & Co.DIS34.1934.2133.8034.046.09M
BoeingBA67.6268.0066.9067.325.54M
AmazonAMZN117.00118.20116.40117.135.47M
AlphabetGOOGL494.94495.25482.67484.354.99M
AmgenAMGN54.6054.6852.7653.764.95M
Union PacificUNP74.1274.9273.4974.714.84M
PepsicoPEP65.5165.6965.0065.204.32M
International Business MachinesIBM128.67129.35127.88128.434.25M
United TechnologiesUTX71.0771.4770.7871.113.66M
Berkshire HathawayBRK.B78.3278.7477.5577.823.45M
3MMMM86.4487.0086.2286.692.82M
Exchange Rates of July 28th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.370 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.038 CAD1 CAD = 0.963 USD
US DollarSwiss Franc1 USD = 1.057 CHF1 CHF = 0.946 USD
US DollarChinese Yuan1 USD = 6.779 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 113.460 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.833 GBP1 GBP = 1.201 EUR
EuroAustralian Dollar1 EUR = 1.457 AUD1 AUD = 0.686 EUR
EuroCanadian Dollar1 EUR = 1.348 CAD1 CAD = 0.742 EUR
EuroSwiss Franc1 EUR = 1.373 CHF1 CHF = 0.729 EUR
EuroChinese Yuan1 EUR = 8.804 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.734 GBP1 GBP = 1.363 JPY
Japanese YenAustralian Dollar1 JPY = 1.284 AUD1 AUD = 0.779 JPY
Japanese YenCanadian Dollar1 JPY = 1.188 CAD1 CAD = 0.842 JPY
Japanese YenSwiss Franc1 JPY = 1.209 CHF1 CHF = 0.827 JPY
Pound SterlingAustralian Dollar1 GBP = 1.749 AUD1 AUD = 0.572 GBP
Pound SterlingCanadian Dollar1 GBP = 1.619 CAD1 CAD = 0.618 GBP
Pound SterlingSwiss Franc1 GBP = 1.647 CHF1 CHF = 0.607 GBP
Pound SterlingChinese Yuan1 GBP = 10.555 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.925 CAD1 CAD = 1.081 AUD
Australian DollarSwiss Franc1 AUD = 0.941 CHF1 CHF = 1.062 AUD
Australian DollarChinese Yuan1 AUD = 6.039 CNY1 CNY = 0.166 AUD
Canadian DollarSwiss Franc1 CAD = 1.018 CHF1 CHF = 0.983 CAD
Canadian DollarChinese Yuan1 CAD = 6.527 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.413 CNY1 CNY = 0.156 CHF

See what else happened on July 28th, 2010