Financial news on July 31, 2012

Business and Financial news
Markets Cool, Ending Two-Day Rally

Two-day stock rally stalls as investors wait to see if European leaders will act on their promise to keep the continent's monetary union intact. Read more..

By THE ASSOCIATED PRESS - The New York Times

Medical Debt Collector to Settle Suit for $2.5 Million

Accretive Health, one of the nation's largest collectors of medical debt, agrees to pay $2.5 million to the Minnesota state attorney general’s office to settle accusations that it violated a federal law requiring hospitals to provide emergency care, even if patients cannot afford to pay. Read more..

By JESSICA SILVER-GREENBERG - The New York Times

One Flight, Two Medical Emergencies

Frequent Flier column features hotel executive Rob DelliBovi discussing his flying experiences. Read more..

By ROB DELLIBOVI - The New York Times

Pledges of Euro Support Ease Some Bond Yields

Germany’s finance minister Wolfgang Schauble and United States Treasury Sec Timothy F Geithner express confidence in efforts to revamp euro zone economies; borrowing costs for Spain and Italy ease. Read more..

By STEPHEN CASTLE - The New York Times

Regulator Rebuffs Obama on Plan to Ease Housing Debt

The agency that administers Fannie Mae and Freddie Mac said it had concluded after months of study that the costs of debt forgiveness outweighed the potential benefits. Read more..

By BINYAMIN APPELBAUM - The New York Times

Social Media Are Giving a Voice to Taste Buds

Some companies are leaning on social media like Facebook, Twitter and Foursquare for advice on what products to bring to market. Read more..

By STEPHANIE CLIFFORD - The New York Times

Some at Fed Are Urging Pre-emptive Stimulus

On the eve of the Fed’s policy-making committee meeting, members who favor more stimulus argued that the likely path of the economy was enough reason for action. Read more..

By BINYAMIN APPELBAUM - The New York Times

Tiger Management Helps Next-Generation Funds

Julian Robertson, founder of the Tiger Management hedge fund, helped start several careers; those managers are now helping others begin their own firms, including Richard Gerson; Gerson's new firm, Falcon Edge, raised $1.2 billion, one of the biggest hedge fund start-ups since the financial crisis. Read more..

By EVELYN M. RUSLI and AZAM AHMED - The New York Times

Uh-Oh, Where’s My Passport?

State Department and its counterparts in other countries have procedures for replacing a lost or stolen passport, but time zone differences, weekends and holidays can complicate the process; tips are noted on dealing with passport replacement. Read more..

By HARRIET EDLESON - The New York Times

With Corn Prices Rising, Meat Prices Are Likely to Follow

Makers of livestock feed are being hurt by corn prices. But more worrying for Asia’s livestock industry is the lack of alternatives, as wheat feed stockpiles are running low this year. Read more..

By NAVEEN THUKRAL | REUTERS - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
FacebookFB23.3723.3721.6121.7156.2M
PfizerPFE23.9124.4923.9024.0455.3M
General ElectricGE20.7520.8920.7520.7538.3M
MicrosoftMSFT29.4829.7129.3329.4737.6M
AT&T Inc.T37.3038.1137.3037.9236.7M
Cisco SystemsCSCO15.8716.1115.8515.9534M
IntelINTC25.7626.0425.7025.7026.6M
Oracle Corp.ORCL30.5630.6930.1730.2021M
JPMorgan ChaseJPM36.1136.3335.9136.0019.7M
ComcastCMCSA32.2132.7332.1832.5519.5M
Wells Fargo & Co.WFC33.8234.0033.7233.8119.4M
AppleAAPL603.23611.70602.72610.7616.5M
HP Inc.HPQ18.1418.4318.0018.2416.1M
Abbott LaboratoriesABT66.6666.8866.2966.3114.6M
MerckMRK44.4544.6944.1744.1712.6M
ExxonMobilXOM87.3787.6686.7986.8512.2M
Home DepotHD52.9853.0052.1252.1811.6M
Verizon CommunicationsVZ44.9045.4844.8745.1411.6M
Walt Disney & Co.DIS49.7849.8549.0949.1410.5M
Johnson & JohnsonJNJ69.2569.5669.1069.2210.3M
ChevronCVX109.55110.82109.53109.5810M
UnitedHealth GroupUNH52.7453.1951.0851.099.88M
Procter & GamblePG64.7964.9964.5064.549.33M
ConocoPhillipsCOP54.8555.1054.1654.448.96M
Wal-Mart StoresWMT74.7674.9874.4374.438.32M
Coca-ColaKO80.7081.3380.3980.808.17M
Bristol-Myers SquibbBMY35.6935.8035.5235.607.62M
AltriaMO36.1936.2535.9635.976.85M
PepsicoPEP72.3172.8572.2572.736.84M
SchlumbergerSLB72.1672.7671.0171.266.82M
Gilead SciencesGILD54.8655.6854.3254.336.51M
General MotorsGM19.4619.7719.3719.715.61M
McDonald'sMCD89.1189.7688.8189.364.6M
AmgenAMGN83.1383.4482.6082.604.54M
BoeingBA74.8275.0673.8873.913.98M
AlphabetGOOGL628.26636.50628.22632.973.73M
International Business MachinesIBM196.50197.58195.88195.983.51M
United TechnologiesUTX74.6475.0874.2974.443.51M
AmazonAMZN235.10236.30231.61233.303.45M
Berkshire HathawayBRK.B85.1685.1984.5584.843.18M
3MMMM91.0091.6690.8791.232.72M
VisaV130.43130.68128.50129.072.24M
Union PacificUNP122.93123.78122.37122.611.5M
Exchange Rates of July 31, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 78.110 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.003 CAD1 CAD = 0.997 USD
US DollarSwiss Franc1 USD = 0.977 CHF1 CHF = 1.024 USD
US DollarChinese Yuan1 USD = 6.362 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 96.050 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.785 GBP1 GBP = 1.275 EUR
EuroAustralian Dollar1 EUR = 1.172 AUD1 AUD = 0.853 EUR
EuroCanadian Dollar1 EUR = 1.234 CAD1 CAD = 0.811 EUR
EuroSwiss Franc1 EUR = 1.201 CHF1 CHF = 0.833 EUR
EuroChinese Yuan1 EUR = 7.824 CNY1 CNY = 0.128 EUR
Japanese YenPound Sterling1 JPY = 0.816 GBP1 GBP = 1.225 JPY
Japanese YenAustralian Dollar1 JPY = 1.219 AUD1 AUD = 0.820 JPY
Japanese YenCanadian Dollar1 JPY = 1.284 CAD1 CAD = 0.779 JPY
Japanese YenSwiss Franc1 JPY = 1.250 CHF1 CHF = 0.800 JPY
Pound SterlingAustralian Dollar1 GBP = 1.494 AUD1 AUD = 0.670 GBP
Pound SterlingCanadian Dollar1 GBP = 1.572 CAD1 CAD = 0.636 GBP
Pound SterlingSwiss Franc1 GBP = 1.531 CHF1 CHF = 0.653 GBP
Pound SterlingChinese Yuan1 GBP = 9.972 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.052 CAD1 CAD = 0.950 AUD
Australian DollarSwiss Franc1 AUD = 1.025 CHF1 CHF = 0.976 AUD
Australian DollarChinese Yuan1 AUD = 6.675 CNY1 CNY = 0.150 AUD
Canadian DollarSwiss Franc1 CAD = 0.973 CHF1 CHF = 1.028 CAD
Canadian DollarChinese Yuan1 CAD = 6.342 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.514 CNY1 CNY = 0.154 CHF

See what else happened on July 31, 2012