Financial news on August 02, 2010
Business and Financial news
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..
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..
Susan Casey’s résumé includes chasing great white sharks, but her latest challenge is remaking O magazine. Read more..
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..
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..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||28.29||28.58||27.95||28.57||28M|
|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|
|International Business Machines||IBM||129.25||131.20||129.25||130.76||6.44M|
Exchange Rates of August 02, 2010
|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|