Financial news on June 29, 2010

Business and Financial news
Bank Fee Is Eliminated in Financial Bill

Congressional negotiators voted down a tax on big banks, instead adopting a new plan to pay the legislation’s cost. Read more..

By DAVID M. HERSZENHORN - The New York Times

Brown Reiterates Threat Against Overhaul Bill

Senator Scott Brown, Republican of Massachusetts, has again declared his opposition to the financial overhaul bill because of a tax it would impose on large financial institutions to cover billions of dollars in costs, Bloomberg Television reported on Tuesday. Read more..

By DEALBOOK - The New York Times

Byrd’s Death Complicates Democrat Strategy

The death of Senator Robert C. Byrd of West Virginia threw into doubt the ability of Democrats to win approval this week of a financial regulation bill. Read more..

By DEALBOOK - The New York Times

Elevation Said to Raise Facebook Stake

Elevation Partners, the private equity firm, has ponied up $120 million to buy five million shares in Facebook on the secondary market, TechCruch reported. Read more..

By DEALBOOK - The New York Times

Nicolas Hayek Dies at 82; His Swatch Saved an Industry

Mr. Hayek was the founder and the chairman of the Swatch Group, which made him one of Switzerland’s wealthiest men. Read more..

By MARGALIT FOX - The New York Times

Report Warns Banks Still Vulnerable to Crises

An organization that brings together most of the world’s major central banks said Monday that the easy money that has propped up the banking system during the financial crisis must soon be withdrawn — even as it warned that many banks are still in fragile health. Read more..

By DEALBOOK - The New York Times

S.E.C. Charges 2 Penny Stock Promoters With Scalping

The Securities and Exchange Commission on Tuesday charged two Web-savvy advisers with fraud for pumping up penny stocks that they were also selling — for at least $2.4 million in profit. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Stock Markets and the World Cup

International soccer results appear to affect stock market returns. In particular, losses lead to significant national market decline, according to a 2006 study. Read more..

By DEALBOOK - The New York Times

Supreme Court to Hear Janus Appeal

The Supreme Court said on Monday that it would hear an appeal by Janus Capital Group of a ruling that reinstated a class-action securities fraud lawsuit against the mutual fund company, Reuters reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 24.13 24.20 23.11 23.31 120M
General Electric GE 14.75 14.79 14.27 14.48 115M
Intel INTC 20.00 20.05 19.65 19.79 79.1M
Cisco Systems CSCO 22.15 22.19 21.40 21.62 69M
Pfizer PFE 14.43 14.48 14.18 14.28 64.9M
JPMorgan Chase JPM 37.91 37.91 36.88 37.06 56.7M
Wells Fargo & Co. WFC 26.57 26.66 25.79 25.93 55.6M
AT&T Inc. T 24.86 24.90 24.27 24.46 52.8M
ExxonMobil XOM 58.00 58.09 57.00 57.29 52.5M
Verizon Communications VZ 28.56 29.16 28.15 28.62 49.2M
Apple AAPL 264.12 264.39 254.30 256.17 40.5M
Oracle Corp. ORCL 22.02 22.10 21.58 21.75 34.2M
Comcast CMCSA 17.91 17.97 17.49 17.68 31M
Altria MO 20.13 20.26 19.85 19.96 26.9M
Merck MRK 35.55 35.80 35.00 35.43 22.9M
Home Depot HD 29.15 29.15 28.42 28.63 22.8M
Bristol-Myers Squibb BMY 25.40 25.61 25.14 25.29 22.3M
HP Inc. HPQ 45.35 45.68 44.02 44.30 22.2M
Wal-Mart Stores WMT 49.17 49.26 48.43 48.90 20.4M
Johnson & Johnson JNJ 58.98 59.42 58.68 59.24 20.2M
Berkshire Hathaway BRK.B 80.30 81.42 79.55 80.03 19.4M
ConocoPhillips COP 50.43 50.66 49.57 49.84 18.2M
Procter & Gamble PG 60.33 60.54 59.75 60.32 17.8M
Abbott Laboratories ABT 47.00 47.00 46.25 46.65 17.4M
Chevron CVX 69.20 69.39 68.00 68.36 16.4M
Walt Disney & Co. DIS 33.31 33.37 32.05 32.30 15.9M
UnitedHealth Group UNH 28.88 29.03 28.46 28.63 14.4M
Schlumberger SLB 56.12 56.58 54.85 55.08 12.9M
Amazon AMZN 116.26 116.48 106.01 108.61 12.9M
Coca-Cola KO 50.58 50.95 50.10 50.33 11.8M
Visa V 74.28 74.47 71.10 71.45 9.96M
International Business Machines IBM 127.35 128.40 124.12 125.09 9.38M
Boeing BA 66.11 66.20 62.56 63.04 9.21M
Gilead Sciences GILD 35.40 35.61 34.74 34.97 9.09M
Pepsico PEP 61.46 61.77 60.89 61.23 9.05M
McDonald's MCD 66.61 66.79 66.09 66.46 8.72M
3M MMM 78.72 79.04 76.85 78.49 8.55M
Amgen AMGN 54.83 54.96 53.83 54.12 8.31M
United Technologies UTX 66.09 66.77 64.32 64.97 7.03M
Alphabet GOOGL 463.44 464.55 451.12 454.26 7M
Union Pacific UNP 71.77 71.77 69.47 70.13 5.12M
Exchange Rates of June 29, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.520 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.054 CAD 1 CAD = 0.948 USD
US Dollar Swiss Franc 1 USD = 1.082 CHF 1 CHF = 0.924 USD
US Dollar Chinese Yuan 1 USD = 6.799 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 107.890 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.809 GBP 1 GBP = 1.236 EUR
Euro Australian Dollar 1 EUR = 1.435 AUD 1 AUD = 0.697 EUR
Euro Canadian Dollar 1 EUR = 1.285 CAD 1 CAD = 0.778 EUR
Euro Swiss Franc 1 EUR = 1.319 CHF 1 CHF = 0.758 EUR
Euro Chinese Yuan 1 EUR = 8.282 CNY 1 CNY = 0.121 EUR
Japanese Yen Pound Sterling 1 JPY = 0.750 GBP 1 GBP = 1.334 JPY
Japanese Yen Australian Dollar 1 JPY = 1.329 AUD 1 AUD = 0.752 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.191 CAD 1 CAD = 0.840 JPY
Japanese Yen Swiss Franc 1 JPY = 1.222 CHF 1 CHF = 0.818 JPY
Pound Sterling Australian Dollar 1 GBP = 1.773 AUD 1 AUD = 0.564 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.588 CAD 1 CAD = 0.630 GBP
Pound Sterling Swiss Franc 1 GBP = 1.629 CHF 1 CHF = 0.614 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.225 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.896 CAD 1 CAD = 1.116 AUD
Australian Dollar Swiss Franc 1 AUD = 0.919 CHF 1 CHF = 1.088 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.768 CNY 1 CNY = 0.173 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.026 CHF 1 CHF = 0.975 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.444 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.281 CNY 1 CNY = 0.159 CHF

See what else happened on June 29, 2010