Financial news on July 31st, 2012
Business and Financial news
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..
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..
Frequent Flier column features hotel executive Rob DelliBovi discussing his flying experiences. Read more..
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..
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..
Some companies are leaning on social media like Facebook, Twitter and Foursquare for advice on what products to bring to market. Read more..
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..
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..
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..
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..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
FB | 23.37 | 23.37 | 21.61 | 21.71 | 56.2M | |
Pfizer | PFE | 23.91 | 24.49 | 23.90 | 24.04 | 55.3M |
General Electric | GE | 20.75 | 20.89 | 20.75 | 20.75 | 38.3M |
Microsoft | MSFT | 29.48 | 29.71 | 29.33 | 29.47 | 37.6M |
AT&T Inc. | T | 37.30 | 38.11 | 37.30 | 37.92 | 36.7M |
Cisco Systems | CSCO | 15.87 | 16.11 | 15.85 | 15.95 | 34M |
Intel | INTC | 25.76 | 26.04 | 25.70 | 25.70 | 26.6M |
Oracle Corp. | ORCL | 30.56 | 30.69 | 30.17 | 30.20 | 21M |
JPMorgan Chase | JPM | 36.11 | 36.33 | 35.91 | 36.00 | 19.7M |
Comcast | CMCSA | 32.21 | 32.73 | 32.18 | 32.55 | 19.5M |
Wells Fargo & Co. | WFC | 33.82 | 34.00 | 33.72 | 33.81 | 19.4M |
Apple | AAPL | 603.23 | 611.70 | 602.72 | 610.76 | 16.5M |
HP Inc. | HPQ | 18.14 | 18.43 | 18.00 | 18.24 | 16.1M |
Abbott Laboratories | ABT | 66.66 | 66.88 | 66.29 | 66.31 | 14.6M |
Merck | MRK | 44.45 | 44.69 | 44.17 | 44.17 | 12.6M |
ExxonMobil | XOM | 87.37 | 87.66 | 86.79 | 86.85 | 12.2M |
Home Depot | HD | 52.98 | 53.00 | 52.12 | 52.18 | 11.6M |
Verizon Communications | VZ | 44.90 | 45.48 | 44.87 | 45.14 | 11.6M |
Walt Disney & Co. | DIS | 49.78 | 49.85 | 49.09 | 49.14 | 10.5M |
Johnson & Johnson | JNJ | 69.25 | 69.56 | 69.10 | 69.22 | 10.3M |
Chevron | CVX | 109.55 | 110.82 | 109.53 | 109.58 | 10M |
UnitedHealth Group | UNH | 52.74 | 53.19 | 51.08 | 51.09 | 9.88M |
Procter & Gamble | PG | 64.79 | 64.99 | 64.50 | 64.54 | 9.33M |
ConocoPhillips | COP | 54.85 | 55.10 | 54.16 | 54.44 | 8.96M |
Wal-Mart Stores | WMT | 74.76 | 74.98 | 74.43 | 74.43 | 8.32M |
Coca-Cola | KO | 80.70 | 81.33 | 80.39 | 80.80 | 8.17M |
Bristol-Myers Squibb | BMY | 35.69 | 35.80 | 35.52 | 35.60 | 7.62M |
Altria | MO | 36.19 | 36.25 | 35.96 | 35.97 | 6.85M |
Pepsico | PEP | 72.31 | 72.85 | 72.25 | 72.73 | 6.84M |
Schlumberger | SLB | 72.16 | 72.76 | 71.01 | 71.26 | 6.82M |
Gilead Sciences | GILD | 54.86 | 55.68 | 54.32 | 54.33 | 6.51M |
General Motors | GM | 19.46 | 19.77 | 19.37 | 19.71 | 5.61M |
McDonald's | MCD | 89.11 | 89.76 | 88.81 | 89.36 | 4.6M |
Amgen | AMGN | 83.13 | 83.44 | 82.60 | 82.60 | 4.54M |
Boeing | BA | 74.82 | 75.06 | 73.88 | 73.91 | 3.98M |
Alphabet | GOOGL | 628.26 | 636.50 | 628.22 | 632.97 | 3.73M |
International Business Machines | IBM | 196.50 | 197.58 | 195.88 | 195.98 | 3.51M |
United Technologies | UTX | 74.64 | 75.08 | 74.29 | 74.44 | 3.51M |
Amazon | AMZN | 235.10 | 236.30 | 231.61 | 233.30 | 3.45M |
Berkshire Hathaway | BRK.B | 85.16 | 85.19 | 84.55 | 84.84 | 3.18M |
3M | MMM | 91.00 | 91.66 | 90.87 | 91.23 | 2.72M |
Visa | V | 130.43 | 130.68 | 128.50 | 129.07 | 2.24M |
Union Pacific | UNP | 122.93 | 123.78 | 122.37 | 122.61 | 1.5M |
Exchange Rates of July 31st, 2012
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 78.110 JPY | 1 JPY = 0.013 USD |
US Dollar | Canadian Dollar | 1 USD = 1.003 CAD | 1 CAD = 0.997 USD |
US Dollar | Swiss Franc | 1 USD = 0.977 CHF | 1 CHF = 1.024 USD |
US Dollar | Chinese Yuan | 1 USD = 6.362 CNY | 1 CNY = 0.157 USD |
Euro | Japanese Yen | 1 EUR = 96.050 JPY | 1 JPY = 0.010 EUR |
Euro | Pound Sterling | 1 EUR = 0.785 GBP | 1 GBP = 1.275 EUR |
Euro | Australian Dollar | 1 EUR = 1.172 AUD | 1 AUD = 0.853 EUR |
Euro | Canadian Dollar | 1 EUR = 1.234 CAD | 1 CAD = 0.811 EUR |
Euro | Swiss Franc | 1 EUR = 1.201 CHF | 1 CHF = 0.833 EUR |
Euro | Chinese Yuan | 1 EUR = 7.824 CNY | 1 CNY = 0.128 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.816 GBP | 1 GBP = 1.225 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.219 AUD | 1 AUD = 0.820 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.284 CAD | 1 CAD = 0.779 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.250 CHF | 1 CHF = 0.800 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.494 AUD | 1 AUD = 0.670 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.572 CAD | 1 CAD = 0.636 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.531 CHF | 1 CHF = 0.653 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 9.972 CNY | 1 CNY = 0.100 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 1.052 CAD | 1 CAD = 0.950 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 1.025 CHF | 1 CHF = 0.976 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 6.675 CNY | 1 CNY = 0.150 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 0.973 CHF | 1 CHF = 1.028 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.342 CNY | 1 CNY = 0.158 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.514 CNY | 1 CNY = 0.154 CHF |
See what else happened on July 31st, 2012