Financial news on August 2nd, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.3216.4716.3116.4167.4M
Cisco SystemsCSCO23.4323.9423.4023.8043M
JPMorgan ChaseJPM40.9841.7040.7341.6435.6M
AT&T Inc.T26.5026.6926.3426.5935.1M
Wells Fargo & Co.WFC28.2928.5827.9528.5728M
Oracle Corp.ORCL23.8724.3923.7224.2926.7M
Verizon CommunicationsVZ29.5429.6629.3129.5625M
Home DepotHD28.8229.2428.6829.1217.9M
Abbott LaboratoriesABT49.7150.0049.6249.8315.6M
Wal-Mart StoresWMT51.5551.7050.9551.4113.9M
Gilead SciencesGILD33.8334.5833.7534.4613.2M
HP Inc.HPQ46.5947.8046.4047.5612.8M
Johnson & JohnsonJNJ58.5058.8858.4158.7211.5M
Procter & GamblePG61.9562.0961.5162.0611.2M
Walt Disney & Co.DIS34.1434.6834.1334.489.95M
Bristol-Myers SquibbBMY25.3325.6125.2925.539.77M
UnitedHealth GroupUNH30.8931.5630.8331.447.44M
International Business MachinesIBM129.25131.20129.25130.766.44M
Berkshire HathawayBRK.B78.7879.9878.5679.926.29M
United TechnologiesUTX72.0472.8571.7772.613.8M
Union PacificUNP75.8176.4474.8276.263.13M
Exchange Rates of August 2nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86.420 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.023 CAD1 CAD = 0.977 USD
US DollarSwiss Franc1 USD = 1.039 CHF1 CHF = 0.963 USD
US DollarChinese Yuan1 USD = 6.774 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 113.860 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.829 GBP1 GBP = 1.206 EUR
EuroAustralian Dollar1 EUR = 1.443 AUD1 AUD = 0.693 EUR
EuroCanadian Dollar1 EUR = 1.349 CAD1 CAD = 0.742 EUR
EuroSwiss Franc1 EUR = 1.369 CHF1 CHF = 0.730 EUR
EuroChinese Yuan1 EUR = 8.932 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.728 GBP1 GBP = 1.374 JPY
Japanese YenAustralian Dollar1 JPY = 1.267 AUD1 AUD = 0.790 JPY
Japanese YenCanadian Dollar1 JPY = 1.184 CAD1 CAD = 0.845 JPY
Japanese YenSwiss Franc1 JPY = 1.202 CHF1 CHF = 0.832 JPY
Pound SterlingAustralian Dollar1 GBP = 1.740 AUD1 AUD = 0.575 GBP
Pound SterlingCanadian Dollar1 GBP = 1.627 CAD1 CAD = 0.615 GBP
Pound SterlingSwiss Franc1 GBP = 1.651 CHF1 CHF = 0.606 GBP
Pound SterlingChinese Yuan1 GBP = 10.759 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.934 CAD1 CAD = 1.070 AUD
Australian DollarSwiss Franc1 AUD = 0.949 CHF1 CHF = 1.054 AUD
Australian DollarChinese Yuan1 AUD = 6.191 CNY1 CNY = 0.162 AUD
Canadian DollarSwiss Franc1 CAD = 1.015 CHF1 CHF = 0.985 CAD
Canadian DollarChinese Yuan1 CAD = 6.624 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.522 CNY1 CNY = 0.153 CHF

See what else happened on August 2nd, 2010