Financial news on August 01, 2008
Business and Financial news
With consumers flocking to smaller cars, Detroit’s automakers are taking huge losses on the leases that once fueled the boom in trucks and S.U.V.’s. Read more..
The Star-Ledger of Newark and a smaller sister paper in Trenton need to eliminate at least 20 percent of their staffs and win concessions from trade unions to stay afloat, their management said. Read more..
Josef Ackermann, the chief of Deutsche Bank, which has weathered the credit crisis, argues that investment banks could emerge from the current turmoil with a vibrant future. Read more..
Despite a multiyear backlog of airplane orders at both Airbus and Boeing, aircraft manufacturers are seeing troubling signs among their customers. Read more..
The American economy slowed from April to June, while numbers for the last three months of 2007 were revised downward to show a contraction. Read more..
Lagging mobile phone sales continue to plague Motorola, once a mobile leader, as it readies a plan to spin off the cellphone operations into a separate company. Read more..
If they only had been more patient investors of ImClone Systems, Martha Stewart and others might have done just fine, and avoided jail time. Read more..
Corporate profits earned in the United States rose much more rapidly from 2005 through 2007 than had been earlier reported, making the subsequent fall seem even more precipitous. Read more..
The share price of the company that owns the venerable New York Stock Exchange has tumbled even more than the stock market, losing 45 percent of its value this year. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 25.95 | 25.95 | 25.07 | 25.44 | 82.7M |
Cisco Systems | CSCO | 22.27 | 22.35 | 21.67 | 21.99 | 43.6M |
Intel | INTC | 22.41 | 22.52 | 21.98 | 22.35 | 42.1M |
Wells Fargo & Co. | WFC | 30.27 | 30.64 | 29.71 | 30.50 | 40.4M |
General Electric | GE | 28.43 | 28.70 | 28.10 | 28.21 | 37.4M |
AT&T Inc. | T | 31.01 | 31.67 | 30.18 | 30.44 | 36.1M |
Pfizer | PFE | 18.81 | 18.95 | 18.53 | 18.60 | 32.9M |
JPMorgan Chase | JPM | 41.11 | 41.75 | 39.77 | 40.76 | 30.8M |
ExxonMobil | XOM | 80.55 | 81.10 | 79.45 | 79.72 | 28.8M |
Oracle Corp. | ORCL | 21.69 | 21.69 | 21.27 | 21.50 | 25M |
Comcast | CMCSA | 20.90 | 20.95 | 20.23 | 20.35 | 21.2M |
Merck | MRK | 33.09 | 33.60 | 32.74 | 33.26 | 20.5M |
Apple | AAPL | 159.94 | 159.99 | 155.75 | 156.66 | 19.5M |
Verizon Communications | VZ | 34.44 | 34.64 | 33.97 | 34.00 | 18.1M |
Wal-Mart Stores | WMT | 58.75 | 58.78 | 57.36 | 57.75 | 17.3M |
Coca-Cola | KO | 51.94 | 53.22 | 51.74 | 53.14 | 16.6M |
Visa | V | 73.30 | 74.10 | 70.35 | 71.73 | 15.4M |
Walt Disney & Co. | DIS | 30.50 | 30.70 | 29.83 | 30.08 | 15.1M |
Bristol-Myers Squibb | BMY | 21.16 | 21.37 | 21.07 | 21.11 | 14.5M |
Altria | MO | 20.54 | 20.98 | 20.46 | 20.90 | 13.8M |
ConocoPhillips | COP | 81.16 | 83.23 | 80.83 | 81.15 | 13.6M |
Chevron | CVX | 83.98 | 85.46 | 83.46 | 84.31 | 13.1M |
Abbott Laboratories | ABT | 56.34 | 57.11 | 55.83 | 56.07 | 12.2M |
Home Depot | HD | 24.03 | 24.21 | 22.82 | 23.90 | 11.9M |
Procter & Gamble | PG | 65.73 | 65.98 | 64.72 | 64.95 | 11.1M |
HP Inc. | HPQ | 44.80 | 45.00 | 43.70 | 43.96 | 11M |
UnitedHealth Group | UNH | 27.99 | 28.31 | 27.44 | 28.13 | 10.7M |
Johnson & Johnson | JNJ | 68.50 | 68.80 | 67.93 | 68.10 | 9.05M |
Schlumberger | SLB | 100.90 | 103.07 | 99.03 | 100.20 | 8.66M |
Amgen | AMGN | 62.45 | 63.35 | 62.16 | 62.78 | 8.62M |
Union Pacific | UNP | 82.45 | 82.86 | 78.85 | 79.44 | 7.92M |
Pepsico | PEP | 66.82 | 67.40 | 66.36 | 66.63 | 7.64M |
McDonald's | MCD | 59.83 | 60.51 | 59.44 | 59.77 | 7.17M |
Boeing | BA | 61.39 | 62.28 | 60.77 | 62.01 | 7.02M |
United Technologies | UTX | 64.07 | 64.33 | 62.94 | 63.56 | 6.09M |
Gilead Sciences | GILD | 54.92 | 54.97 | 52.97 | 53.69 | 6.04M |
Alphabet | GOOGL | 472.06 | 473.22 | 462.50 | 467.86 | 6.01M |
International Business Machines | IBM | 128.52 | 129.30 | 126.28 | 126.64 | 4.94M |
Amazon | AMZN | 76.36 | 76.49 | 74.05 | 75.75 | 4.77M |
3M | MMM | 70.53 | 71.06 | 69.84 | 70.15 | 3.03M |
Berkshire Hathaway | BRK.B | 3845.00 | 3905.00 | 3823.00 | 3887.00 | 16.9K |
Exchange Rates of August 01, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 107.680 JPY | 1 JPY = 0.009 USD |
US Dollar | Canadian Dollar | 1 USD = 1.027 CAD | 1 CAD = 0.974 USD |
US Dollar | Swiss Franc | 1 USD = 1.050 CHF | 1 CHF = 0.953 USD |
US Dollar | Chinese Yuan | 1 USD = 6.843 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 167.610 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.788 GBP | 1 GBP = 1.269 EUR |
Euro | Australian Dollar | 1 EUR = 1.674 AUD | 1 AUD = 0.597 EUR |
Euro | Canadian Dollar | 1 EUR = 1.598 CAD | 1 CAD = 0.626 EUR |
Euro | Swiss Franc | 1 EUR = 1.634 CHF | 1 CHF = 0.612 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.470 GBP | 1 GBP = 2.129 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0.999 AUD | 1 AUD = 1.001 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.953 CAD | 1 CAD = 1.049 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.974 CHF | 1 CHF = 1.026 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.126 AUD | 1 AUD = 0.470 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.028 CAD | 1 CAD = 0.493 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.073 CHF | 1 CHF = 0.482 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.954 CAD | 1 CAD = 1.048 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.975 CHF | 1 CHF = 1.026 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.022 CHF | 1 CHF = 0.979 CAD |
See what else happened on August 01, 2008