Financial news on July 29, 2010
Business and Financial news
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..
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..
Conoco also announced that its second-quarter income more than doubled as oil prices increased. Read more..
At least $28 billion owed to survivors of fallen soldiers is held by insurers that are receiving interest on the money. Read more..
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..
There has been progress in stopping companies from bribing officials to win contracts, Transparency International said, but some nations still lag. Read more..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||28.32||28.49||27.48||27.69||30M|
|Procter & Gamble||PG||62.20||62.38||61.22||61.67||15.8M|
|Johnson & Johnson||JNJ||58.10||58.27||57.71||57.83||13M|
|Walt Disney & Co.||DIS||34.22||34.80||33.42||33.71||9.94M|
|International Business Machines||IBM||129.06||129.50||127.14||128.02||8.99M|
Exchange Rates of July 29, 2010
|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|