Financial news on June 29, 2011
Business and Financial news
With breast cancer patients imploring the Food and Drug Administration to change course, the agency’s staff argued that the drug Avastin should lose its approval as a treatment for that disease. Read more..
More financial institutions are looking for lending opportunities, but viable loans remain scarce. Read more..
A classic American political debate — state versus federal law — is surfacing in the banking sector, as regulators work to put in place the financial reforms passed a year ago in Washington. Read more..
Under Mr. Kummel’s leadership, McCann Erickson’s billings rose from about $170 million a year in 1973 to $1.8 billion by his retirement in 1987. Read more..
Bradley H. Jack, a former investment banking chief at Lehman Brothers, was recently arrested after he used a forged prescription to obtain Oxycontin and Ritalin pills from a CVS store in Connecticut, the police said. Read more..
Without agreement on an austerity plan, Greece will get no money. The government will default, resulting in a run on banks and an even deeper recession. Read more..
Highlights from the DealBook newsletter. Read more..
The banks are suing the bond insurer, claiming that its overhaul was intended to defraud policyholders. Read more..
Despite the hostility of a rowdy crowd, the operator of the Fukushima Daiichi plant beat a motion for it to abandon its nuclear program. Read more..
Economic discussions that began last year were called cordial, but produced no trade objectives. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 25.71 | 25.71 | 25.36 | 25.62 | 66.1M |
Cisco Systems | CSCO | 15.18 | 15.40 | 15.12 | 15.34 | 47.5M |
Pfizer | PFE | 20.64 | 20.73 | 20.47 | 20.67 | 46.7M |
JPMorgan Chase | JPM | 40.04 | 40.56 | 39.92 | 40.45 | 44.8M |
General Electric | GE | 18.54 | 18.61 | 18.40 | 18.56 | 38.8M |
Wells Fargo & Co. | WFC | 27.90 | 28.13 | 27.53 | 28.07 | 38.5M |
Visa | V | 75.92 | 87.32 | 74.79 | 86.57 | 33M |
Intel | INTC | 21.53 | 21.57 | 21.31 | 21.39 | 31.7M |
Oracle Corp. | ORCL | 32.40 | 32.68 | 32.21 | 32.43 | 27.3M |
Altria | MO | 26.38 | 26.54 | 26.02 | 26.10 | 20.2M |
Comcast | CMCSA | 24.81 | 25.15 | 24.79 | 24.94 | 20.1M |
AT&T Inc. | T | 31.16 | 31.38 | 31.09 | 31.26 | 20M |
ExxonMobil | XOM | 79.85 | 80.50 | 79.22 | 80.25 | 18.9M |
HP Inc. | HPQ | 35.17 | 35.60 | 35.09 | 35.55 | 13.5M |
Merck | MRK | 34.95 | 35.29 | 34.82 | 35.10 | 12.8M |
General Motors | GM | 30.79 | 30.79 | 30.25 | 30.30 | 12.7M |
Apple | AAPL | 336.04 | 336.37 | 331.88 | 334.04 | 12.6M |
Home Depot | HD | 36.15 | 36.31 | 35.79 | 35.98 | 12.3M |
Procter & Gamble | PG | 62.87 | 62.90 | 62.36 | 62.55 | 11.4M |
Abbott Laboratories | ABT | 52.30 | 52.32 | 51.98 | 52.16 | 11.3M |
Bristol-Myers Squibb | BMY | 28.28 | 28.64 | 28.27 | 28.54 | 11.2M |
ConocoPhillips | COP | 73.69 | 74.51 | 73.52 | 74.02 | 10.6M |
Verizon Communications | VZ | 36.73 | 36.80 | 36.59 | 36.72 | 10.3M |
Walt Disney & Co. | DIS | 38.11 | 38.43 | 37.73 | 38.35 | 9.61M |
Schlumberger | SLB | 84.82 | 86.40 | 84.00 | 85.21 | 9.57M |
Johnson & Johnson | JNJ | 66.23 | 66.59 | 65.93 | 66.31 | 9.23M |
Wal-Mart Stores | WMT | 52.62 | 52.79 | 52.43 | 52.64 | 8.87M |
Coca-Cola | KO | 66.19 | 66.83 | 66.18 | 66.71 | 8.52M |
Chevron | CVX | 100.69 | 101.71 | 99.91 | 101.28 | 7.64M |
Amgen | AMGN | 58.67 | 58.75 | 57.68 | 57.78 | 7.53M |
McDonald's | MCD | 84.41 | 84.66 | 84.10 | 84.57 | 7.18M |
Gilead Sciences | GILD | 41.50 | 41.68 | 41.25 | 41.39 | 6.76M |
UnitedHealth Group | UNH | 51.81 | 51.88 | 51.07 | 51.54 | 5.63M |
Pepsico | PEP | 69.77 | 70.26 | 69.75 | 69.96 | 5.51M |
Alphabet | GOOGL | 496.54 | 500.25 | 492.38 | 497.57 | 4.68M |
Amazon | AMZN | 202.67 | 206.25 | 201.03 | 204.18 | 4.61M |
United Technologies | UTX | 87.25 | 87.25 | 85.99 | 86.47 | 4.22M |
Berkshire Hathaway | BRK.B | 76.55 | 77.06 | 76.27 | 77.03 | 4.06M |
Boeing | BA | 72.22 | 72.96 | 71.86 | 72.72 | 3.91M |
International Business Machines | IBM | 170.61 | 170.86 | 169.82 | 170.54 | 3.82M |
3M | MMM | 93.42 | 93.64 | 92.68 | 93.11 | 3.07M |
Union Pacific | UNP | 102.43 | 104.22 | 101.92 | 103.00 | 2.63M |
Exchange Rates of June 29, 2011
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 80.810 JPY | 1 JPY = 0.012 USD |
US Dollar | Canadian Dollar | 1 USD = 0.970 CAD | 1 CAD = 1.031 USD |
US Dollar | Swiss Franc | 1 USD = 0.834 CHF | 1 CHF = 1.199 USD |
US Dollar | Chinese Yuan | 1 USD = 6.464 CNY | 1 CNY = 0.155 USD |
Euro | Japanese Yen | 1 EUR = 116.630 JPY | 1 JPY = 0.009 EUR |
Euro | Pound Sterling | 1 EUR = 0.899 GBP | 1 GBP = 1.113 EUR |
Euro | Australian Dollar | 1 EUR = 1.353 AUD | 1 AUD = 0.739 EUR |
Euro | Canadian Dollar | 1 EUR = 1.400 CAD | 1 CAD = 0.714 EUR |
Euro | Swiss Franc | 1 EUR = 1.205 CHF | 1 CHF = 0.830 EUR |
Euro | Chinese Yuan | 1 EUR = 9.330 CNY | 1 CNY = 0.107 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.770 GBP | 1 GBP = 1.298 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.159 AUD | 1 AUD = 0.863 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.200 CAD | 1 CAD = 0.834 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.033 CHF | 1 CHF = 0.968 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.505 AUD | 1 AUD = 0.665 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.558 CAD | 1 CAD = 0.642 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.340 CHF | 1 CHF = 0.746 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 10.383 CNY | 1 CNY = 0.096 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 1.035 CAD | 1 CAD = 0.966 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.890 CHF | 1 CHF = 1.123 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 6.899 CNY | 1 CNY = 0.145 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 0.860 CHF | 1 CHF = 1.163 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.664 CNY | 1 CNY = 0.150 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 7.744 CNY | 1 CNY = 0.129 CHF |
See what else happened on June 29, 2011