Financial news on July 30, 2012

Business and Financial news
As Sales Lag, G.M.’s Chief of Marketing Resigns

General Motors chief global marketing executive Joel Ewanick resigns in the company's latest management shuffle. Read more..

By BILL VLASIC - The New York Times

A Venerable Cracker Brand Returns to Television

Andrew Adam Newman Advertising column notes Kraft Foods' Nabisco Honey Maid graham crackers, which has not run television commercials since the 1990s, is beginning a campaign to promote new products Grahamfuls sandwich crackers and Honey Maid Angry Birds. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Business Day Live | July 30, 2012

The pressure is on for Mario Draghi to preserve the euro. | Markets look for signals of more stimulus from the Fed. | Where pianos go to die. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Lenders Extend Stay in Greece to Work Out Latest Cuts

Envoys representing Greece's foreign lenders will remain in Athens 'as long as is necessary' to help government leaders complete a 'credible package' of budget savings; European Commission, European Central Bank and International Monetary Fund have extended to Greece two loans worth about $295 billion over the past two years but have expressed frustration at country's slow execution of reforms. Read more..

By NIKI KITSANTONIS - The New York Times

Olympics Give ‘Today’ a Way to Reassert Its Morning Dominance

NBC's Today show is using coverage of the Olympics in London, which the network has exclusive rights to televise in the United States, as a reset button for the show; Games come amid a tough ratings challenge from Good Morning America and the introduction of Savannah Guthrie as a co-host. Read more..

By BRIAN STELTER - The New York Times

Safety Board Investigates Debris From a 787’s Engine

National Transportation Safety Board is investigating why debris fell from an engine on a new Boeing 787 Dreamliner during a preflight test in South Carolina. Read more..

By CHRISTOPHER DREW - The New York Times

Saving Face and the Euro Will Be Tough

Mario Draghi said the European Central Bank's job was to stop sovereign bond yields from rising if the cause was fear of a breakup, but he will struggle to come up with the right tools. Read more..

By HUGO DIXON | REUTERS - International Herald Tribune

Time Inc.’s New Chief Rethinks Magazines for a Digital Audience

Time Inc's new chief executive Laura Lang is focusing on the transition to mobile devices and the customizing of ads for marketers based on data the company collects on its magazine readers; she has convened senior executives to review each magazine and assess what each needs to thrive in a digital world. Read more..

By AMY CHOZICK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE20.7920.9120.6920.8045M
Cisco SystemsCSCO15.7116.0715.6715.8736.4M
JPMorgan ChaseJPM36.5036.5235.9436.1430.7M
PfizerPFE23.7723.8423.5723.7129.7M
FacebookFB24.0024.0423.0323.1529.3M
MicrosoftMSFT29.7529.8229.4629.6428.9M
IntelINTC25.9826.2025.6825.7625.9M
AT&T Inc.T37.0837.6937.0337.4324.9M
Oracle Corp.ORCL30.6931.0030.4030.5820.9M
Wells Fargo & Co.WFC34.1534.4033.9133.9619.1M
AppleAAPL590.92599.44587.82595.0313.5M
MerckMRK44.6444.9344.3344.4813M
HP Inc.HPQ18.4518.6418.1818.2612.5M
Abbott LaboratoriesABT66.1666.6666.0266.6011.2M
ExxonMobilXOM87.2887.8387.0887.5611.2M
Verizon CommunicationsVZ44.7145.0844.6944.9510.6M
ComcastCMCSA32.3132.5632.0832.219.7M
Wal-Mart StoresWMT74.4675.2474.4574.989.15M
Home DepotHD53.4653.7652.8153.259.02M
Walt Disney & Co.DIS49.9550.1449.6549.808.89M
Procter & GamblePG64.8965.2964.5065.108.39M
Johnson & JohnsonJNJ69.3769.6569.1669.458.38M
Coca-ColaKO79.7781.1779.5781.127.97M
Bristol-Myers SquibbBMY35.9535.9935.5735.637.36M
AltriaMO35.8836.1935.7736.167.1M
Gilead SciencesGILD55.5056.0455.4355.617.07M
SchlumbergerSLB72.8272.8672.0972.546.44M
PepsicoPEP71.9572.9471.8572.756.2M
AmgenAMGN83.1784.3983.0483.465.82M
ConocoPhillipsCOP54.9455.1654.5654.865.81M
ChevronCVX108.87109.93108.76109.825.79M
BoeingBA74.6075.5974.4374.865M
United TechnologiesUTX74.2775.5874.2774.974.44M
McDonald'sMCD89.3289.6789.1289.334.43M
UnitedHealth GroupUNH53.3253.7152.8953.264.41M
AlphabetGOOGL636.05642.60629.50632.304.37M
General MotorsGM19.5519.6519.3019.364.22M
AmazonAMZN237.00240.74234.07236.093.74M
VisaV128.85132.35128.71130.843.16M
International Business MachinesIBM196.32197.84195.92196.682.79M
Berkshire HathawayBRK.B85.0185.4484.8185.232.72M
3MMMM91.4191.9590.9191.282.71M
Union PacificUNP122.36123.67121.87123.141.79M
Exchange Rates of July 30, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 78.160 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.002 CAD1 CAD = 0.998 USD
US DollarSwiss Franc1 USD = 0.980 CHF1 CHF = 1.021 USD
US DollarChinese Yuan1 USD = 6.380 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 95.800 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.780 GBP1 GBP = 1.282 EUR
EuroAustralian Dollar1 EUR = 1.168 AUD1 AUD = 0.856 EUR
EuroCanadian Dollar1 EUR = 1.228 CAD1 CAD = 0.814 EUR
EuroSwiss Franc1 EUR = 1.201 CHF1 CHF = 0.833 EUR
EuroChinese Yuan1 EUR = 7.822 CNY1 CNY = 0.128 EUR
Japanese YenPound Sterling1 JPY = 0.814 GBP1 GBP = 1.228 JPY
Japanese YenAustralian Dollar1 JPY = 1.218 AUD1 AUD = 0.821 JPY
Japanese YenCanadian Dollar1 JPY = 1.281 CAD1 CAD = 0.781 JPY
Japanese YenSwiss Franc1 JPY = 1.254 CHF1 CHF = 0.798 JPY
Pound SterlingAustralian Dollar1 GBP = 1.497 AUD1 AUD = 0.668 GBP
Pound SterlingCanadian Dollar1 GBP = 1.574 CAD1 CAD = 0.636 GBP
Pound SterlingSwiss Franc1 GBP = 1.539 CHF1 CHF = 0.650 GBP
Pound SterlingChinese Yuan1 GBP = 10.021 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.051 CAD1 CAD = 0.951 AUD
Australian DollarSwiss Franc1 AUD = 1.028 CHF1 CHF = 0.973 AUD
Australian DollarChinese Yuan1 AUD = 6.699 CNY1 CNY = 0.149 AUD
Canadian DollarSwiss Franc1 CAD = 0.978 CHF1 CHF = 1.023 CAD
Canadian DollarChinese Yuan1 CAD = 6.369 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.512 CNY1 CNY = 0.154 CHF

See what else happened on July 30, 2012