Financial news on June 28, 2010

Business and Financial news
Austrian Banks That Profited in Eastern Europe Now Share Region’s Problems

Bad loans Austrian banks made to Eastern Europe are rising, albeit at a more moderate pace than a few months ago, and profits are down. Read more..

By JACK EWING - The New York Times

Behind the Survival of Sarbanes-Oxley

White Collar Watch examines the Supreme Court’s anticlimatic decision involving the Public Company Accounting Oversight Board and the Sarbanes-Oxley Act. Read more..

By PETER J. HENNING - The New York Times

BP Loses Trading-Floor Swagger in Energy Markets

The future of BP’s trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders. Read more..

By DEALBOOK - The New York Times

New Horizon Plans $560 Million Fund

New Horizon Capital, the Japanese private equity firm, planned to raise up to $560 million for a second fund for investments in small and medium-sized firms, Reuters reported. Read more..

By DEALBOOK - The New York Times

Police in Toronto Criticized for Treatment of Protesters, Many Peaceful

The police arrested more than 600 people over the weekend at the Group of 20 summit meeting, using tear gas and physical force. Read more..

By IAN AUSTEN - The New York Times

Rules May Hit Every Corner of JPMorgan

No institution better illustrates what would — and would not — change under this era’s regulatory overhaul than JPMorgan Chase, the figurative heir to the mighty House of Morgan. Read more..

By DEALBOOK - The New York Times

When Capitalism Meets Cannabis

One of the odder experiments in the recent history of American capitalism is unfolding in Colorado: the country’s first attempt at fully regulating, licensing and taxing a for-profit marijuana trade. Read more..

By DEALBOOK - The New York Times

World Leaders Agree on Timetable for Cutting Deficits

The Group of 20 countries endorsed a goal of cutting deficits by 2013, despite concern by the U.S. that reducing spending too quickly might set back the fragile global recovery. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.9615.2114.9115.0060.4M
Cisco SystemsCSCO22.3022.7522.2922.4243.4M
JPMorgan ChaseJPM39.5539.6438.4738.5440M
Wells Fargo & Co.WFC27.2427.3426.8227.0331.7M
Oracle Corp.ORCL22.8422.8522.3922.4524.6M
AT&T Inc.T24.8825.1824.8524.9521.8M
Berkshire HathawayBRK.B81.2681.3680.8981.0217.6M
Home DepotHD30.1530.2329.5829.5915.5M
Wal-Mart StoresWMT49.0649.7749.0149.5714.7M
Procter & GamblePG60.0060.9459.5760.6214.1M
Verizon CommunicationsVZ28.7328.8528.5428.7114.1M
HP Inc.HPQ45.8946.4645.6146.0713.1M
Bristol-Myers SquibbBMY25.6425.6825.3025.5713M
Abbott LaboratoriesABT47.2547.6047.0447.1811.4M
UnitedHealth GroupUNH29.8730.3329.1229.199.88M
Walt Disney & Co.DIS33.5633.7633.0533.227.8M
Gilead SciencesGILD36.4836.4935.4935.776.49M
International Business MachinesIBM127.65129.47127.22128.986.34M
Johnson & JohnsonJNJ58.9959.7958.8159.453.83M
United TechnologiesUTX67.9167.9666.8267.113.32M
Union PacificUNP73.1073.6272.3872.672.3M
Exchange Rates of June 28, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.370 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.036 CAD1 CAD = 0.966 USD
US DollarSwiss Franc1 USD = 1.087 CHF1 CHF = 0.920 USD
US DollarChinese Yuan1 USD = 6.797 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 109.740 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.813 GBP1 GBP = 1.230 EUR
EuroAustralian Dollar1 EUR = 1.409 AUD1 AUD = 0.710 EUR
EuroCanadian Dollar1 EUR = 1.271 CAD1 CAD = 0.787 EUR
EuroSwiss Franc1 EUR = 1.335 CHF1 CHF = 0.749 EUR
EuroChinese Yuan1 EUR = 8.344 CNY1 CNY = 0.120 EUR
Japanese YenPound Sterling1 JPY = 0.741 GBP1 GBP = 1.350 JPY
Japanese YenAustralian Dollar1 JPY = 1.283 AUD1 AUD = 0.779 JPY
Japanese YenCanadian Dollar1 JPY = 1.158 CAD1 CAD = 0.863 JPY
Japanese YenSwiss Franc1 JPY = 1.216 CHF1 CHF = 0.822 JPY
Pound SterlingAustralian Dollar1 GBP = 1.731 AUD1 AUD = 0.578 GBP
Pound SterlingCanadian Dollar1 GBP = 1.563 CAD1 CAD = 0.640 GBP
Pound SterlingSwiss Franc1 GBP = 1.641 CHF1 CHF = 0.610 GBP
Pound SterlingChinese Yuan1 GBP = 10.253 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.903 CAD1 CAD = 1.108 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Australian DollarChinese Yuan1 AUD = 5.924 CNY1 CNY = 0.169 AUD
Canadian DollarSwiss Franc1 CAD = 1.049 CHF1 CHF = 0.953 CAD
Canadian DollarChinese Yuan1 CAD = 6.558 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.252 CNY1 CNY = 0.160 CHF

See what else happened on June 28, 2010