Financial news on February 01, 2008

Business and Financial news
China Tries to Reassure U.S. About Its Investing Plans

Seeking to reassure those nervous about foreign takeovers, the head of China’s government investment fund said Thursday that China would invest mostly in portfolios. Read more..

By STEVEN R. WEISMAN - The New York Times

Electronic Arts Posts Loss, Citing a Revamp

The video game maker largely met Wall Street’s forecasts, despite posting a quarterly loss because of reorganization charges and deferred revenue. Read more..

By LAURIE J. FLYNN - The New York Times

Exxon Mobil Profit Sets Record Again

Exxon’s $40.6 billion in net income in 2007 exceeded the company’s own record for profits at a U.S. corporation. Read more..

By JAD MOUAWAD - The New York Times

Like Home-Builder Shares? Look Again

The worse the news got, the better the stocks performed. Read more..

By FLOYD NORRIS - The New York Times

Lone Star Executive Sentenced

A South Korean court found the private equity fund and one of its executives guilty of manipulating stock prices. The executive, Paul Yoo, was sentenced to five years. Read more..

By CHOE SANG-HUN - The New York Times

Only G.M. Posts a Gain in January Sales in U.S.

G.M.’s sales were up 2.1 percent. In contrast, sales fell 12 percent at Chrysler, 2.3 percent at both Toyota and Honda, 4 percent at Ford and 7.3 percent at Nissan. Read more..

By NICK BUNKLEY - The New York Times

OPEC Is Expected to Keep Oil Production Unchanged

Although the United States is seemingly heading toward a recession, OPEC may soon have to cut its output to offset a seasonal demand slowdown in the spring. Read more..

By JAD MOUAWAD - The New York Times

Sony Reports 25% Rise in Profit, but Lowers Its Forecast

Sony said its profit rose in the final three months of 2007, aided by robust sales of televisions and computer games. Read more..

By MARTIN FOSTER - The New York Times

TV Stations Seek Shows to Put Online

This year at the biggest conference in television syndication, the hottest topic was syndicated online content. Read more..

By BRIAN STELTER - The New York Times

U.S. Economy Unexpectedly Sheds 17,000 Jobs

The decline marks the most striking evidence yet that the United States may be slipping into a recession. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31.06 33.25 30.25 30.45 291M
Intel INTC 21.40 21.82 21.22 21.77 66.1M
Cisco Systems CSCO 24.62 25.13 24.00 24.94 57.7M
General Electric GE 35.41 36.48 35.36 36.16 56.2M
Pfizer PFE 23.49 23.79 23.12 23.59 52.1M
JPMorgan Chase JPM 47.39 48.70 46.90 48.25 48.8M
Wells Fargo & Co. WFC 33.34 34.56 33.14 33.65 44.7M
Oracle Corp. ORCL 20.78 20.78 20.22 20.68 41.9M
Apple AAPL 136.24 136.59 132.18 133.75 36.1M
Alphabet GOOGL 528.67 536.67 510.00 515.90 35.2M
ExxonMobil XOM 87.70 87.86 84.85 85.95 28.4M
AT&T Inc. T 38.65 38.70 37.94 38.28 28.2M
Wal-Mart Stores WMT 50.74 51.48 50.31 51.18 25.7M
Bristol-Myers Squibb BMY 23.40 24.19 23.15 23.96 25.1M
Merck MRK 46.20 46.46 45.06 45.98 19.3M
Abbott Laboratories ABT 56.54 57.69 55.87 57.55 18.7M
Comcast CMCSA 18.28 18.58 18.05 18.55 18.4M
HP Inc. HPQ 43.92 44.45 43.46 44.42 18.3M
Home Depot HD 30.51 30.69 29.88 30.45 17.2M
ConocoPhillips COP 80.39 80.83 79.54 80.36 17.1M
Amazon AMZN 79.02 79.40 73.37 74.63 16.4M
Chevron CVX 84.93 84.93 81.53 82.49 16.1M
Verizon Communications VZ 39.25 39.49 38.53 38.75 14.8M
Walt Disney & Co. DIS 30.79 30.80 30.18 30.66 14M
Schlumberger SLB 76.00 78.50 75.72 78.28 12.5M
Procter & Gamble PG 66.15 66.68 65.44 66.05 12.2M
Johnson & Johnson JNJ 63.31 64.09 62.75 63.36 11.8M
McDonald's MCD 53.72 54.37 52.85 54.22 11.7M
Altria MO 76.31 76.31 74.48 75.44 11.1M
Amgen AMGN 46.31 47.46 46.16 47.36 10.1M
Union Pacific UNP 124.40 128.33 123.50 127.97 9.56M
Gilead Sciences GILD 45.96 46.74 45.01 45.93 9.05M
Coca-Cola KO 59.25 59.97 58.51 59.26 8.26M
International Business Machines IBM 107.21 109.40 105.86 109.08 8.05M
Pepsico PEP 68.00 69.08 67.98 68.83 7.73M
UnitedHealth Group UNH 50.36 51.03 49.65 50.10 7.35M
Boeing BA 83.01 83.99 81.85 82.76 6.69M
3M MMM 80.00 81.28 79.64 81.21 4.74M
United Technologies UTX 73.58 74.26 73.25 74.12 4.61M
Berkshire Hathaway BRK.B 4560.00 4633.00 4500.00 4523.00 18.3K
Exchange Rates of February 01, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 106.420 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.993 CAD 1 CAD = 1.007 USD
US Dollar Swiss Franc 1 USD = 1.089 CHF 1 CHF = 0.919 USD
US Dollar Chinese Yuan 1 USD = 7.182 CNY 1 CNY = 0.139 USD
Euro Japanese Yen 1 EUR = 157.740 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.753 GBP 1 GBP = 1.328 EUR
Euro Australian Dollar 1 EUR = 1.637 AUD 1 AUD = 0.611 EUR
Euro Canadian Dollar 1 EUR = 1.473 CAD 1 CAD = 0.679 EUR
Euro Swiss Franc 1 EUR = 1.612 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.477 GBP 1 GBP = 2.096 JPY
Japanese Yen Australian Dollar 1 JPY = 1.037 AUD 1 AUD = 0.964 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.933 CAD 1 CAD = 1.072 JPY
Japanese Yen Swiss Franc 1 JPY = 1.022 CHF 1 CHF = 0.978 JPY
Pound Sterling Australian Dollar 1 GBP = 2.173 AUD 1 AUD = 0.460 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.955 CAD 1 CAD = 0.511 GBP
Pound Sterling Swiss Franc 1 GBP = 2.140 CHF 1 CHF = 0.467 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.899 CAD 1 CAD = 1.112 AUD
Australian Dollar Swiss Franc 1 AUD = 0.985 CHF 1 CHF = 1.016 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.095 CHF 1 CHF = 0.914 CAD

See what else happened on February 01, 2008