Financial news on July 28, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26.07 26.19 25.83 25.95 69.7M
General Electric GE 16.10 16.18 15.95 16.05 52.5M
Intel INTC 21.64 21.69 21.29 21.33 51.7M
Cisco Systems CSCO 23.29 23.62 23.25 23.39 41.8M
Pfizer PFE 15.28 15.44 14.95 15.00 40.4M
AT&T Inc. T 26.24 26.35 26.02 26.20 33.6M
Verizon Communications VZ 28.57 29.16 28.55 28.91 32M
Comcast CMCSA 19.12 19.72 18.84 19.56 29.9M
JPMorgan Chase JPM 40.44 40.90 40.15 40.32 23.9M
Wells Fargo & Co. WFC 28.25 28.54 27.92 28.07 23.9M
ExxonMobil XOM 60.73 61.27 60.73 60.91 23.5M
Oracle Corp. ORCL 24.55 24.59 24.17 24.28 21.2M
Apple AAPL 263.67 265.99 260.25 260.96 18.6M
Gilead Sciences GILD 33.50 33.97 33.16 33.42 15M
ConocoPhillips COP 55.02 55.20 53.81 54.44 14.9M
Abbott Laboratories ABT 49.31 49.48 48.85 49.22 14.3M
Home Depot HD 28.58 28.95 28.00 28.08 13.9M
Johnson & Johnson JNJ 58.14 58.25 57.65 57.83 13.5M
HP Inc. HPQ 47.33 47.70 46.93 47.13 11.2M
Schlumberger SLB 58.92 60.07 58.61 59.73 10.5M
Merck MRK 35.14 35.41 34.62 34.74 9.71M
Altria MO 22.00 22.14 21.98 22.07 9.61M
Wal-Mart Stores WMT 50.80 51.39 50.80 51.13 9.33M
Bristol-Myers Squibb BMY 25.13 25.36 25.02 25.12 8.07M
UnitedHealth Group UNH 30.79 30.92 30.15 30.33 7.98M
Procter & Gamble PG 62.88 63.13 62.56 62.70 7.84M
Chevron CVX 75.13 75.66 75.01 75.56 7.39M
McDonald's MCD 70.21 70.38 69.37 69.77 6.71M
Coca-Cola KO 55.05 55.20 54.77 54.88 6.48M
Visa V 76.15 76.84 75.10 75.18 6.3M
Walt Disney & Co. DIS 34.19 34.21 33.80 34.04 6.09M
Boeing BA 67.62 68.00 66.90 67.32 5.54M
Amazon AMZN 117.00 118.20 116.40 117.13 5.47M
Alphabet GOOGL 494.94 495.25 482.67 484.35 4.99M
Amgen AMGN 54.60 54.68 52.76 53.76 4.95M
Union Pacific UNP 74.12 74.92 73.49 74.71 4.84M
Pepsico PEP 65.51 65.69 65.00 65.20 4.32M
International Business Machines IBM 128.67 129.35 127.88 128.43 4.25M
United Technologies UTX 71.07 71.47 70.78 71.11 3.66M
Berkshire Hathaway BRK.B 78.32 78.74 77.55 77.82 3.45M
3M MMM 86.44 87.00 86.22 86.69 2.82M
Exchange Rates of July 28, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 87.370 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.038 CAD 1 CAD = 0.963 USD
US Dollar Swiss Franc 1 USD = 1.057 CHF 1 CHF = 0.946 USD
US Dollar Chinese Yuan 1 USD = 6.779 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 113.460 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.833 GBP 1 GBP = 1.201 EUR
Euro Australian Dollar 1 EUR = 1.457 AUD 1 AUD = 0.686 EUR
Euro Canadian Dollar 1 EUR = 1.348 CAD 1 CAD = 0.742 EUR
Euro Swiss Franc 1 EUR = 1.373 CHF 1 CHF = 0.729 EUR
Euro Chinese Yuan 1 EUR = 8.804 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.734 GBP 1 GBP = 1.363 JPY
Japanese Yen Australian Dollar 1 JPY = 1.284 AUD 1 AUD = 0.779 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.188 CAD 1 CAD = 0.842 JPY
Japanese Yen Swiss Franc 1 JPY = 1.209 CHF 1 CHF = 0.827 JPY
Pound Sterling Australian Dollar 1 GBP = 1.749 AUD 1 AUD = 0.572 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.619 CAD 1 CAD = 0.618 GBP
Pound Sterling Swiss Franc 1 GBP = 1.647 CHF 1 CHF = 0.607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.555 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.925 CAD 1 CAD = 1.081 AUD
Australian Dollar Swiss Franc 1 AUD = 0.941 CHF 1 CHF = 1.062 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.039 CNY 1 CNY = 0.166 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.018 CHF 1 CHF = 0.983 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.527 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.413 CNY 1 CNY = 0.156 CHF

See what else happened on July 28, 2010