Financial news on June 30, 2010

Business and Financial news
Asian Stocks Buckle Under Worldwide Slump

The wave of selling that sent the world’s stock markets sharply lower on Tuesday continued in Asia on Wednesday, with the Nikkei 225 down more than 2 percent by lunchtime in Tokyo. Read more..

By DEALBOOK - The New York Times

A Twin, and Rival, to Singapore Rises in Malaysia

Iskandar, launched by the Malaysian government in 2006, aims to attract more than $100 billion in investment by 2025. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Banks Return to Commercial Mortgage Bonds

Once dominant, and then dormant, commercial real estate loans are beginning to show signs of life on the trading floor after a two-year slump. Read more..

By DEALBOOK - The New York Times

Boeing to Buy Defense Company for $775 Million

The aircraft maker will buy Argon ST to expand its capabilities in warfare and intelligence gathering. Read more..

By DEALBOOK - The New York Times

Hedge Funds Object to Lehman Chapter 11 Plan

A group of Lehman Brothers Holdings’ creditors, including the largest U.S. pension fund and a prominent hedge fund, said they object to the investment bank’s Chapter 11 bankruptcy plan, Reuters reported. Read more..

By DEALBOOK - The New York Times

Infogroup Shareholders Approve CCMP Buyout

Infogroup shareholders voted Tuesday to approve the database provider’s $460 million sale to private equity firm CCMP Capital Advisors, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

S.E.C. Tightens Rules on Public Pension Funds

The Securities and Exchange Commission voted to bar investment managers who make contributions to officials with influence over public pension funds from managing those funds for two years. Read more..

By DEALBOOK - The New York Times

Stress Tests, and Germany’s Unlisted Banks

German officials seeking to bolster confidence in the financial system by releasing the results of banking stress tests may heed calls to shine a light into the accounts of Germany’s state-owned lenders. Read more..

By DEALBOOK - The New York Times

Tesla Leaves I.P.O. Price in the Dust

Investors took Tesla Motors on a joy ride Tuesday, with shares in the electric carmaker closing up more than 40 percent in its first day of trading. Read more..

By DEALBOOK - The New York Times

Witching Hour Past for Icahn’s Lions Gate Bid

Time has run out for Carl C. Icahn’s hostile tender offer for Lions Gate Entertainment, which expired at 11:59 p.m. on Wednesday. But so far, Lions Gate stock has shown little reaction. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 14.47 14.69 14.35 14.42 81.6M
Microsoft MSFT 23.30 23.68 22.95 23.01 81.1M
Intel INTC 19.70 20.03 19.40 19.45 64.3M
Cisco Systems CSCO 21.52 21.73 21.24 21.31 57.1M
Pfizer PFE 14.22 14.48 14.17 14.26 50.7M
ExxonMobil XOM 57.33 57.73 56.92 57.07 43.9M
Wells Fargo & Co. WFC 26.05 26.45 25.52 25.60 37.5M
AT&T Inc. T 24.35 24.44 24.11 24.19 37.2M
JPMorgan Chase JPM 37.02 37.49 36.51 36.61 35.3M
Oracle Corp. ORCL 21.64 21.96 21.39 21.46 35.3M
Verizon Communications VZ 28.76 28.77 27.80 28.02 29.4M
Comcast CMCSA 17.67 17.77 17.32 17.37 28.9M
Apple AAPL 256.71 257.97 250.01 251.53 26.4M
HP Inc. HPQ 44.23 44.23 43.13 43.28 23.7M
Abbott Laboratories ABT 46.66 47.24 46.18 46.78 21.4M
Merck MRK 35.32 35.34 34.75 34.97 21.2M
Home Depot HD 28.53 28.86 27.99 28.07 20.9M
Altria MO 20.00 20.25 19.91 20.04 19.7M
ConocoPhillips COP 49.72 50.29 48.97 49.09 19.3M
Bristol-Myers Squibb BMY 24.98 25.22 24.73 24.94 18.9M
Wal-Mart Stores WMT 48.96 48.97 48.01 48.07 18.4M
Procter & Gamble PG 60.13 60.54 59.71 59.98 17.3M
Walt Disney & Co. DIS 32.16 32.51 31.36 31.50 17.2M
Johnson & Johnson JNJ 59.04 59.61 58.94 59.06 15.8M
Schlumberger SLB 55.34 56.62 55.02 55.34 13M
Chevron CVX 68.22 69.06 67.80 67.86 12.9M
UnitedHealth Group UNH 28.51 28.76 28.31 28.40 11.1M
Berkshire Hathaway BRK.B 79.80 80.78 79.38 79.69 11M
Coca-Cola KO 50.38 50.58 50.01 50.12 11M
Gilead Sciences GILD 34.83 35.13 34.26 34.28 9.97M
Amazon AMZN 108.58 112.68 108.11 109.26 9.74M
Pepsico PEP 61.28 61.73 60.50 60.95 8.76M
Amgen AMGN 53.87 54.49 52.60 52.60 8.54M
International Business Machines IBM 124.83 125.22 123.00 123.48 8.02M
McDonald's MCD 66.29 66.84 65.80 65.87 7.2M
Alphabet GOOGL 454.96 457.83 444.72 444.95 7.2M
Boeing BA 63.05 64.21 62.58 62.75 7.1M
3M MMM 78.21 80.22 78.21 78.99 6.94M
United Technologies UTX 64.99 65.85 64.43 64.91 6.56M
Visa V 71.66 72.10 70.71 70.75 6.18M
Union Pacific UNP 70.15 71.12 69.35 69.51 3.76M
Exchange Rates of June 30, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.390 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.063 CAD 1 CAD = 0.941 USD
US Dollar Swiss Franc 1 USD = 1.077 CHF 1 CHF = 0.928 USD
US Dollar Chinese Yuan 1 USD = 6.783 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 108.120 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.819 GBP 1 GBP = 1.222 EUR
Euro Australian Dollar 1 EUR = 1.455 AUD 1 AUD = 0.687 EUR
Euro Canadian Dollar 1 EUR = 1.300 CAD 1 CAD = 0.769 EUR
Euro Swiss Franc 1 EUR = 1.318 CHF 1 CHF = 0.759 EUR
Euro Chinese Yuan 1 EUR = 8.297 CNY 1 CNY = 0.121 EUR
Japanese Yen Pound Sterling 1 JPY = 0.757 GBP 1 GBP = 1.321 JPY
Japanese Yen Australian Dollar 1 JPY = 1.345 AUD 1 AUD = 0.744 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.202 CAD 1 CAD = 0.832 JPY
Japanese Yen Swiss Franc 1 JPY = 1.219 CHF 1 CHF = 0.821 JPY
Pound Sterling Australian Dollar 1 GBP = 1.777 AUD 1 AUD = 0.563 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.588 CAD 1 CAD = 0.630 GBP
Pound Sterling Swiss Franc 1 GBP = 1.610 CHF 1 CHF = 0.621 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.124 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.894 CAD 1 CAD = 1.119 AUD
Australian Dollar Swiss Franc 1 AUD = 0.906 CHF 1 CHF = 1.104 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.694 CNY 1 CNY = 0.176 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.013 CHF 1 CHF = 0.987 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.374 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.293 CNY 1 CNY = 0.159 CHF

See what else happened on June 30, 2010