Financial news on August 02, 2012

Business and Financial news
Bad Trades Cost Knight $440 Million

Knight Capital, the New Jersey broker whose automated stock trading program roiled the stock market on Wednesday with erroneous trades, said Thursday that the disruption had cost it $440 million and that it needed to raise money. Read more..

By THE NEW YORK TIMES - The New York Times

Business Day Live | August 2, 2012

Examining the fallout of an electronic trading debacle. | What the Fed's inaction means for the economy. | A look at Chick-fil-A, as a business. | Keeping fit while traveling. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Draghi Edges Closer to Bond Purchases, but Hopes Are Blunted

The European Central Bank chief, Mario Draghi, set off a backlash by investors who were apparently hoping for a bold euro rescue plan. Read more..

By JACK EWING - The New York Times

European Leaders Huddle Over Euro

Intensive political discussions are under way in advance of a meeting of the European Central Bank on Thursday that many fear may not produce instant action. Read more..

By STEPHEN CASTLE - International Herald Tribune

F.T.C. Seeks Tighter Rules on Web Sites for Children

Federal Trade Commission, seeking to further tighten rules on online collection or disclosure of children's personal information, proposes restrictive requirements on companies and Web sites that target youths or that have young audiences. Read more..

By EDWARD WYATT - The New York Times

Guides to Make Park Days Smoother

Kit Eaton App Smart column observes confusing maps and long lines can make theme parks stressful, but several apps can keep habitual parkgoers informed and entertained. Read more..

By KIT EATON - The New York Times

Monsanto Wins Big Award in a Biotech Patent Case

Federal jury awards $1 billion in damages to crop biotechnology firm Monsanto, saying that its rival DuPont had willfully infringed a patent covering Roundup Ready soybeans. Read more..

By ANDREW POLLACK - The New York Times

Olympus Says It Might Have Violated an Anti-Bribery Law

Olympus Corp reports 'irregularities' with a doctor-training program in Brazil to the Department of Justice; says it might have violated the Foreign Corrupt Practices Act. Read more..

By BLOOMBERG NEWS - The New York Times

Restoring Neglected Town Houses to Their Old Glory in Bath

In an unusual project, an entire crescent will be returned to luxury use. Read more..

By RICHARD HOLLEDGE - International Herald Tribune

Trustee Fights Madoff Case Settlement

Irving H Picard, trustee liquidating Bernard L Madoff's assets, argues that New York State’s $410 million settlement with the hedge fund manager J Ezra Merkin interferes with his exclusive right to seek money for the Ponzi scheme victims. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 20.77 20.84 19.82 20.04 56.4M
Cisco Systems CSCO 15.80 16.11 15.65 15.74 47.4M
General Electric GE 20.52 20.70 20.20 20.52 44M
Bristol-Myers Squibb BMY 33.08 33.47 32.41 32.55 43.5M
Microsoft MSFT 29.21 29.53 28.97 29.19 39.5M
JPMorgan Chase JPM 35.62 35.84 34.76 35.17 36.7M
Intel INTC 25.74 26.26 25.68 25.91 34.3M
Wells Fargo & Co. WFC 33.63 33.68 32.84 33.34 31.5M
HP Inc. HPQ 17.61 18.18 17.41 17.55 31.2M
Pfizer PFE 23.81 24.00 23.63 23.92 30.1M
Gilead Sciences GILD 57.90 58.84 56.03 57.29 29.4M
AT&T Inc. T 37.52 37.76 37.33 37.54 24.7M
Comcast CMCSA 33.49 34.46 33.38 34.12 23.9M
Oracle Corp. ORCL 29.87 30.40 29.74 29.92 22.1M
Verizon Communications VZ 45.07 45.07 44.15 44.62 15M
Abbott Laboratories ABT 66.60 67.13 65.65 66.34 15M
ExxonMobil XOM 86.10 86.75 85.50 85.88 14.5M
Johnson & Johnson JNJ 68.81 68.98 68.02 68.45 13.5M
Apple AAPL 602.84 610.69 600.25 607.79 11.9M
General Motors GM 19.59 20.06 18.93 19.14 10.9M
Merck MRK 44.04 44.23 43.52 43.91 9.85M
Walt Disney & Co. DIS 48.60 48.99 48.13 48.98 9.56M
Home Depot HD 51.54 52.08 51.21 51.39 9.54M
Procter & Gamble PG 63.66 63.98 63.25 63.51 9.46M
Altria MO 35.88 36.00 35.40 35.56 8.46M
Wal-Mart Stores WMT 73.05 74.16 72.94 74.05 8.09M
ConocoPhillips COP 54.62 55.21 54.19 54.65 8M
UnitedHealth Group UNH 50.75 51.76 50.32 51.10 7.32M
Coca-Cola KO 80.73 81.00 79.52 79.75 6.7M
Chevron CVX 109.46 109.93 108.47 109.25 6.66M
Schlumberger SLB 70.45 71.54 69.85 70.83 6.36M
Pepsico PEP 72.11 72.26 71.45 71.80 6.33M
Amgen AMGN 80.73 82.72 80.34 81.04 4.65M
Boeing BA 72.39 72.52 71.15 71.99 4.62M
United Technologies UTX 74.26 74.79 73.10 74.44 4.49M
McDonald's MCD 89.07 89.69 88.56 89.59 4.33M
Berkshire Hathaway BRK.B 84.02 84.47 83.23 84.08 4.2M
Alphabet GOOGL 625.51 638.03 623.41 628.75 3.95M
Amazon AMZN 230.56 234.34 228.66 230.81 3.05M
3M MMM 90.11 90.73 89.23 90.08 2.95M
International Business Machines IBM 194.16 196.60 193.02 194.45 2.81M
Visa V 126.80 129.29 126.19 129.27 2.78M
Union Pacific UNP 120.90 122.36 120.31 121.80 1.78M
Exchange Rates of August 02, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 78.240 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 1.007 CAD 1 CAD = 0.993 USD
US Dollar Swiss Franc 1 USD = 0.986 CHF 1 CHF = 1.014 USD
US Dollar Chinese Yuan 1 USD = 6.367 CNY 1 CNY = 0.157 USD
Euro Japanese Yen 1 EUR = 95.320 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.785 GBP 1 GBP = 1.274 EUR
Euro Australian Dollar 1 EUR = 1.164 AUD 1 AUD = 0.859 EUR
Euro Canadian Dollar 1 EUR = 1.227 CAD 1 CAD = 0.815 EUR
Euro Swiss Franc 1 EUR = 1.201 CHF 1 CHF = 0.833 EUR
Euro Chinese Yuan 1 EUR = 7.758 CNY 1 CNY = 0.129 EUR
Japanese Yen Pound Sterling 1 JPY = 0.823 GBP 1 GBP = 1.214 JPY
Japanese Yen Australian Dollar 1 JPY = 1.221 AUD 1 AUD = 0.819 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.287 CAD 1 CAD = 0.777 JPY
Japanese Yen Swiss Franc 1 JPY = 1.260 CHF 1 CHF = 0.794 JPY
Pound Sterling Australian Dollar 1 GBP = 1.482 AUD 1 AUD = 0.675 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.562 CAD 1 CAD = 0.640 GBP
Pound Sterling Swiss Franc 1 GBP = 1.529 CHF 1 CHF = 0.654 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.880 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.054 CAD 1 CAD = 0.949 AUD
Australian Dollar Swiss Franc 1 AUD = 1.031 CHF 1 CHF = 0.970 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.663 CNY 1 CNY = 0.150 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.979 CHF 1 CHF = 1.022 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.322 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.457 CNY 1 CNY = 0.155 CHF

See what else happened on August 02, 2012