Financial news on August 02, 2010

Business and Financial news
Amid Tertiary Deals, Bridgepoint Talks to Jewelers

Bridgepoint Capital is in exclusive talks to buy and merge the French jewelers Histoire d’Or and Marc Orian, Bloomberg News reported, while The Financial Times noted that transactions in which a company is sold to its third private equity owner will this week reach $2.1 billion. Read more..

By DEALBOOK - The New York Times

BP Said to Seek Buyers for German Gas Stations

BP’s sell-off has reportedly come to Europe, with Wirtschafts Woche, a German business weekly, citing unidentified investment bankers as saying that the oil company is seeking to sell its Aral chain of gas stations, whose value is estimated at 2 billion euros. Read more..

By DEALBOOK - The New York Times

Editor’s Impact Begins With a Capital O

Susan Casey’s résumé includes chasing great white sharks, but her latest challenge is remaking O magazine. Read more..

By JEREMY W. PETERS - The New York Times

Indonesia Finds Banning Pornography Is Difficult

Internet service providers in Indonesia are being told to start blocking access to pornographic Web sites. But nobody seems to know how to go about it, or who will pay. Read more..

By AUBREY BELFORD - International Herald Tribune

Media Companies Try Getting Social With Tumblr

Following Facebook and Twitter’s success, Tumblr, a fast-growing blogging service based in New York, has attracted interest from major news publishers. Read more..

By JENNA WORTHAM - The New York Times

Minorities Favor Phones in Using Web

African-Americans and Latinos continue to own and use advanced features of cellphones more than whites do, with 87 percent of each group owning a cellphone compared with 80 percent for whites. Read more..

By TEDDY WAYNE - The New York Times

Signs of Strength Emerge in I.P.O. Market

The I.P.O. pipeline for American companies expanded rapidly in the second quarter, nearing a record high for volume, as dozens of new companies filed registration statements for initial public offerings of their stock, according to Ernst & Young. Read more..

By CYRUS SANATI - The New York Times

Small Step on Small Fees, but Big Charges Remain

It’s worth paying attention to the niggling details of mutual fund fees — and to the Securities and Exchange Commission’s July 21 proposal to alter the rules that control them. Read more..

By DEALBOOK - The New York Times

Time Warner Backs Ad Optimization Startup AdMeld

AdMeld, one of several start-ups promising to help online publishers optimize their advertising, has attracted new backing from both the venture and media world. It just raised a $15 million third round led by Norwest Venture Partners, with contributions from Time Warner Investments. Read more..

By DEALBOOK - The New York Times

With C.F.O. Hire, Zynga Looks Closer to I.P.O.

In a move that further signals its intention to go public, social-gaming site Zynga has hired Allen & Co. investment banker David Wehner as its new chief financial officer. 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 16.32 16.47 16.31 16.41 67.4M
Microsoft MSFT 25.99 26.38 25.75 26.33 55M
Pfizer PFE 15.16 15.48 15.10 15.48 54.8M
Intel INTC 20.90 21.28 20.73 21.15 50.3M
Cisco Systems CSCO 23.43 23.94 23.40 23.80 43M
JPMorgan Chase JPM 40.98 41.70 40.73 41.64 35.6M
AT&T Inc. T 26.50 26.69 26.34 26.59 35.1M
ExxonMobil XOM 60.64 62.04 60.61 61.94 28.1M
Wells Fargo & Co. WFC 28.29 28.58 27.95 28.57 28M
Oracle Corp. ORCL 23.87 24.39 23.72 24.29 26.7M
Comcast CMCSA 19.73 19.80 19.31 19.48 25.7M
Verizon Communications VZ 29.54 29.66 29.31 29.56 25M
ConocoPhillips COP 56.00 57.70 55.92 57.53 18M
Home Depot HD 28.82 29.24 28.68 29.12 17.9M
Coca-Cola KO 55.82 56.49 55.65 56.41 16M
Abbott Laboratories ABT 49.71 50.00 49.62 49.83 15.6M
Schlumberger SLB 60.96 63.37 60.89 62.74 15.3M
Apple AAPL 260.44 262.59 259.62 261.85 15.3M
Wal-Mart Stores WMT 51.55 51.70 50.95 51.41 13.9M
Altria MO 22.38 22.40 22.21 22.25 13.5M
Visa V 70.98 72.39 70.97 72.23 13.5M
Gilead Sciences GILD 33.83 34.58 33.75 34.46 13.2M
HP Inc. HPQ 46.59 47.80 46.40 47.56 12.8M
Merck MRK 34.86 35.12 34.55 35.07 12.1M
Chevron CVX 77.62 78.33 77.32 77.80 11.9M
Johnson & Johnson JNJ 58.50 58.88 58.41 58.72 11.5M
Procter & Gamble PG 61.95 62.09 61.51 62.06 11.2M
Walt Disney & Co. DIS 34.14 34.68 34.13 34.48 9.95M
Bristol-Myers Squibb BMY 25.33 25.61 25.29 25.53 9.77M
UnitedHealth Group UNH 30.89 31.56 30.83 31.44 7.44M
Pepsico PEP 65.47 65.47 64.88 65.27 6.48M
International Business Machines IBM 129.25 131.20 129.25 130.76 6.44M
Berkshire Hathaway BRK.B 78.78 79.98 78.56 79.92 6.29M
McDonald's MCD 70.50 70.50 69.93 70.25 5.87M
Amgen AMGN 55.25 55.34 54.68 54.87 5.53M
Amazon AMZN 119.15 120.38 117.57 120.07 5.44M
Boeing BA 69.01 69.93 68.50 69.69 5.43M
United Technologies UTX 72.04 72.85 71.77 72.61 3.8M
Alphabet GOOGL 488.99 493.28 486.94 490.41 3.71M
3M MMM 86.80 87.78 86.72 87.41 3.64M
Union Pacific UNP 75.81 76.44 74.82 76.26 3.13M
Exchange Rates of August 02, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 86.420 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.023 CAD 1 CAD = 0.977 USD
US Dollar Swiss Franc 1 USD = 1.039 CHF 1 CHF = 0.963 USD
US Dollar Chinese Yuan 1 USD = 6.774 CNY 1 CNY = 0.148 USD
Euro Japanese Yen 1 EUR = 113.860 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.829 GBP 1 GBP = 1.206 EUR
Euro Australian Dollar 1 EUR = 1.443 AUD 1 AUD = 0.693 EUR
Euro Canadian Dollar 1 EUR = 1.349 CAD 1 CAD = 0.742 EUR
Euro Swiss Franc 1 EUR = 1.369 CHF 1 CHF = 0.730 EUR
Euro Chinese Yuan 1 EUR = 8.932 CNY 1 CNY = 0.112 EUR
Japanese Yen Pound Sterling 1 JPY = 0.728 GBP 1 GBP = 1.374 JPY
Japanese Yen Australian Dollar 1 JPY = 1.267 AUD 1 AUD = 0.790 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.184 CAD 1 CAD = 0.845 JPY
Japanese Yen Swiss Franc 1 JPY = 1.202 CHF 1 CHF = 0.832 JPY
Pound Sterling Australian Dollar 1 GBP = 1.740 AUD 1 AUD = 0.575 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.627 CAD 1 CAD = 0.615 GBP
Pound Sterling Swiss Franc 1 GBP = 1.651 CHF 1 CHF = 0.606 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.759 CNY 1 CNY = 0.093 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.070 AUD
Australian Dollar Swiss Franc 1 AUD = 0.949 CHF 1 CHF = 1.054 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.191 CNY 1 CNY = 0.162 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.015 CHF 1 CHF = 0.985 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.624 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.522 CNY 1 CNY = 0.153 CHF

See what else happened on August 02, 2010