Financial news on July 29, 2010

Business and Financial news
A Novartis Giveaway of Medicine

The Swiss drug giant will give away up to 250,000 bottles of a liquid medicine to woo parents frustrated by the recall of liquid children’s Tylenol. Read more..

By NATASHA SINGER - The New York Times

Banks Weigh Plans if Euro Zone Expels Member

The International Swaps and Derivatives Association wants to know the fallout on the derivatives and bond markets if a country were ejected from the euro zone, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

ConocoPhillips to Sell Its Stake in Lukoil

Conoco also announced that its second-quarter income more than doubled as oil prices increased. Read more..

By THE ASSOCIATED PRESS - The New York Times

Death-Benefit Accounts Seem to Slight Survivors

At least $28 billion owed to survivors of fallen soldiers is held by insurers that are receiving interest on the money. Read more..

By BLOOMBERG NEWS - The New York Times

For Crittenden, a Bad Time to Be at Citigroup

Gary L. Crittenden has reason to regret being Citigroup’s chief financial officer in 2007. He agreed to pay a $100,000 fine as part of the bank’s $75 million settlement of federal claims that it failed to disclose billions of dollars in toxic subprime mortgage investments. Read more..

By CYRUS SANATI - The New York Times

Group Reports Progress Fighting Corporate Bribery

There has been progress in stopping companies from bribing officials to win contracts, Transparency International said, but some nations still lag. Read more..

By MATTHEW SALTMARSH - The New York Times

In Price War, New Kindle Sells for $139

Amazon.com, the maker of the Kindle e-reader, is introducing two new smaller, lighter versions with high-contrast screens and crisper text. Read more..

By CLAIRE CAIN MILLER - The New York Times

Parties Fight to Champion Small Business

At the core of some of the major policy fights in Washington these days is a ferocious competition between Republicans and Democrats over which party is the champion of America’s small businesses — a mantle that each side views. Read more..

By DEALBOOK - The New York Times

Stanley Black & Decker Buys CRC-Evans

Stanley Black & Decker has acquired CRC-Evans International, a supplier of tools, equipment and services for constructing oil and natural gas pipelines, for $445 million in cash from he private equity firm Natural Gas Partners. Read more..

By DEALBOOK - The New York Times

Wyly Brothers Charged With $550 Million Fraud

The Securities and Exchange Commission charged the billionaire Wyly brothers with fraud, saying that they reaped more than $550 million of illicit gains by trading stock in four companies while they were on their boards. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21,39 21,48 20,76 21,03 83.8M
General Electric GE 16,15 16,24 15,94 16,15 69.8M
Microsoft MSFT 26,13 26,41 25,60 26,03 69.4M
Pfizer PFE 15,18 15,42 15,02 15,09 58.5M
Oracle Corp. ORCL 24,25 24,39 23,63 23,70 40M
ExxonMobil XOM 61,42 61,88 60,29 60,34 33.8M
AT&T Inc. T 26,34 26,40 25,91 26,02 32.6M
Wells Fargo & Co. WFC 28,32 28,49 27,48 27,69 30M
JPMorgan Chase JPM 40,71 40,83 39,91 40,21 29M
Verizon Communications VZ 29,04 29,19 28,78 28,88 24.2M
Comcast CMCSA 19,61 19,76 18,86 19,13 24M
Apple AAPL 260,71 262,65 256,10 258,11 23M
Abbott Laboratories ABT 49,44 49,77 48,93 48,98 18.4M
HP Inc. HPQ 47,61 47,67 46,32 46,41 17.4M
Procter & Gamble PG 62,20 62,38 61,22 61,67 15.8M
Home Depot HD 28,27 28,52 27,77 28,05 15.5M
ConocoPhillips COP 54,68 55,55 54,12 54,56 14.9M
Visa V 74,76 74,88 71,35 71,98 14.7M
Merck MRK 35,00 35,30 34,60 35,06 14.6M
Chevron CVX 75,89 76,37 75,28 76,02 13.3M
Johnson & Johnson JNJ 58,10 58,27 57,71 57,83 13M
Altria MO 22,14 22,25 21,95 22,02 13M
Cisco Systems CSCO 23,53 23,64 22,97 23,21 13M
Gilead Sciences GILD 34,24 34,44 33,15 33,41 11.8M
Schlumberger SLB 60,15 60,98 58,71 59,81 10.3M
Walt Disney & Co. DIS 34,22 34,80 33,42 33,71 9.94M
Wal-Mart Stores WMT 51,23 51,78 50,80 51,06 9.63M
Bristol-Myers Squibb BMY 25,37 25,50 24,85 25,08 9.46M
Coca-Cola KO 55,08 55,31 54,66 54,99 9.15M
International Business Machines IBM 129,06 129,50 127,14 128,02 8.99M
Amazon AMZN 117,99 118,87 115,52 116,86 6.18M
Amgen AMGN 54,14 54,40 52,83 53,37 5.91M
Pepsico PEP 65,33 65,59 64,71 64,89 5.58M
UnitedHealth Group UNH 30,49 30,88 30,04 30,44 5.54M
Alphabet GOOGL 485,95 488,88 479,33 484,99 5.35M
United Technologies UTX 71,48 72,00 70,49 71,15 5.16M
McDonald's MCD 70,20 70,25 68,90 69,38 5.13M
Berkshire Hathaway BRK.B 78,47 78,79 77,25 78,04 5.1M
Boeing BA 67,85 68,53 66,69 67,22 4.46M
3M MMM 87,05 87,48 85,72 86,34 3.34M
Union Pacific UNP 75,27 75,81 73,96 74,35 3.16M
Exchange Rates of July 29, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 86,900 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,036 CAD 1 CAD = 0,966 USD
US Dollar Swiss Franc 1 USD = 1,041 CHF 1 CHF = 0,961 USD
US Dollar Chinese Yuan 1 USD = 6,776 CNY 1 CNY = 0,148 USD
Euro Japanese Yen 1 EUR = 113,660 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,838 GBP 1 GBP = 1,194 EUR
Euro Australian Dollar 1 EUR = 1,452 AUD 1 AUD = 0,689 EUR
Euro Canadian Dollar 1 EUR = 1,355 CAD 1 CAD = 0,738 EUR
Euro Swiss Franc 1 EUR = 1,362 CHF 1 CHF = 0,734 EUR
Euro Chinese Yuan 1 EUR = 8,862 CNY 1 CNY = 0,113 EUR
Japanese Yen Pound Sterling 1 JPY = 0,737 GBP 1 GBP = 1,357 JPY
Japanese Yen Australian Dollar 1 JPY = 1,277 AUD 1 AUD = 0,783 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,191 CAD 1 CAD = 0,840 JPY
Japanese Yen Swiss Franc 1 JPY = 1,198 CHF 1 CHF = 0,835 JPY
Pound Sterling Australian Dollar 1 GBP = 1,733 AUD 1 AUD = 0,577 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,617 CAD 1 CAD = 0,619 GBP
Pound Sterling Swiss Franc 1 GBP = 1,625 CHF 1 CHF = 0,615 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,568 CNY 1 CNY = 0,095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,933 CAD 1 CAD = 1,072 AUD
Australian Dollar Swiss Franc 1 AUD = 0,938 CHF 1 CHF = 1,066 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,104 CNY 1 CNY = 0,164 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,005 CHF 1 CHF = 0,995 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,540 CNY 1 CNY = 0,153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,508 CNY 1 CNY = 0,154 CHF

See what else happened on July 29, 2010