Financial news on July 29th, 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..


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..


In Price War, New Kindle Sells for $139, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,1516,2415,9416,1569.8M
Oracle Corp.ORCL24,2524,3923,6323,7040M
AT&T Inc.T26,3426,4025,9126,0232.6M
Wells Fargo & Co.WFC28,3228,4927,4827,6930M
JPMorgan ChaseJPM40,7140,8339,9140,2129M
Verizon CommunicationsVZ29,0429,1928,7828,8824.2M
Abbott LaboratoriesABT49,4449,7748,9348,9818.4M
HP Inc.HPQ47,6147,6746,3246,4117.4M
Procter & GamblePG62,2062,3861,2261,6715.8M
Home DepotHD28,2728,5227,7728,0515.5M
Johnson & JohnsonJNJ58,1058,2757,7157,8313M
Cisco SystemsCSCO23,5323,6422,9723,2113M
Gilead SciencesGILD34,2434,4433,1533,4111.8M
Walt Disney & Co.DIS34,2234,8033,4233,719.94M
Wal-Mart StoresWMT51,2351,7850,8051,069.63M
Bristol-Myers SquibbBMY25,3725,5024,8525,089.46M
International Business MachinesIBM129,06129,50127,14128,028.99M
UnitedHealth GroupUNH30,4930,8830,0430,445.54M
United TechnologiesUTX71,4872,0070,4971,155.16M
Berkshire HathawayBRK.B78,4778,7977,2578,045.1M
Union PacificUNP75,2775,8173,9674,353.16M
Exchange Rates of July 29th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86,900 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,036 CAD1 CAD = 0,966 USD
US DollarSwiss Franc1 USD = 1,041 CHF1 CHF = 0,961 USD
US DollarChinese Yuan1 USD = 6,776 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 113,660 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,838 GBP1 GBP = 1,194 EUR
EuroAustralian Dollar1 EUR = 1,452 AUD1 AUD = 0,689 EUR
EuroCanadian Dollar1 EUR = 1,355 CAD1 CAD = 0,738 EUR
EuroSwiss Franc1 EUR = 1,362 CHF1 CHF = 0,734 EUR
EuroChinese Yuan1 EUR = 8,862 CNY1 CNY = 0,113 EUR
Japanese YenPound Sterling1 JPY = 0,737 GBP1 GBP = 1,357 JPY
Japanese YenAustralian Dollar1 JPY = 1,277 AUD1 AUD = 0,783 JPY
Japanese YenCanadian Dollar1 JPY = 1,191 CAD1 CAD = 0,840 JPY
Japanese YenSwiss Franc1 JPY = 1,198 CHF1 CHF = 0,835 JPY
Pound SterlingAustralian Dollar1 GBP = 1,733 AUD1 AUD = 0,577 GBP
Pound SterlingCanadian Dollar1 GBP = 1,617 CAD1 CAD = 0,619 GBP
Pound SterlingSwiss Franc1 GBP = 1,625 CHF1 CHF = 0,615 GBP
Pound SterlingChinese Yuan1 GBP = 10,568 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,933 CAD1 CAD = 1,072 AUD
Australian DollarSwiss Franc1 AUD = 0,938 CHF1 CHF = 1,066 AUD
Australian DollarChinese Yuan1 AUD = 6,104 CNY1 CNY = 0,164 AUD
Canadian DollarSwiss Franc1 CAD = 1,005 CHF1 CHF = 0,995 CAD
Canadian DollarChinese Yuan1 CAD = 6,540 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,508 CNY1 CNY = 0,154 CHF

See what else happened on July 29th, 2010