Financial news on August 03, 2010

Business and Financial news
$600 Million Countrywide Settlement

The lender agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage crisis. Read more..

By THE ASSOCIATED PRESS - The New York Times

Audit Finds Problems in Cattlemen’s Spending

A cattle industry group improperly used marketing money, raised from ranchers and farmers, to support its lobbying arm, a review found. Read more..

By WILLIAM NEUMAN - The New York Times

Chinese Carmaker Geely Completes Acquisition of Volvo From Ford

The Chinese automaker named Stefan Jacoby, the former head of Volkswagen of America, to head the company. Read more..

By CHRIS V. NICHOLSON - The New York Times

Earnings and Overseas News Lead Broad Rally

Two big banks in Europe posted strong profits, and a report showed that the United States manufacturing industry was stronger than expected. Read more..

By CHRISTINE HAUSER - The New York Times

Earnings at HSBC and BNP Lift Banks

HSBC posted a profit of $6.76 billion in the six months through the end of June, while BNP reported earnings of $2.78 billion in the second quarter. Read more..

By JULIA WERDIGIER - The New York Times

Humana Posts a Profit Increase of 21%

The health insurance giant earned $340.1 million on revenue of $8.65 billion in its second quarter. Read more..

By THE ASSOCIATED PRESS - The New York Times

Hungary Lays Blame for Crisis on Its Central Bank

Hungary’s new prime minister, who is bucking the trend of austerity in Europe, is laying blame for economic contraction on the head of its central bank. Read more..

By DEALBOOK - The New York Times

Manufacturing Grows, But Pace Slows Further

Manufacturing moved up for a 12th month, and the Institute for Supply Management said many factories expressed an interest in hiring. Read more..

By REUTERS - The New York Times

Occidental Shares Unmoved as Investors Plan Fight

Shares in Occidental Petroleum changed little in response to news that two investors are organizing a proxy fight aimed at changing the oil company’s compensation and succession policies. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Sorkin: Punishing Citi, or Its Shareholders?

On its face, the S.E.C. settlement with Citigroup looks like a victory for the good guys, but the bank’s shareholders are really the ones paying the $75 million fine. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
PfizerPFE16.0016.4815.9516.34159M
IntelINTC21.0121.0320.7120.8760.9M
MicrosoftMSFT26.2026.3525.9726.1656.9M
General ElectricGE16.3916.5216.3616.4055.1M
ExxonMobilXOM61.9862.9961.8862.7231.1M
JPMorgan ChaseJPM41.5041.6540.8741.0830M
Wells Fargo & Co.WFC28.4528.4927.9428.1229.5M
Cisco SystemsCSCO23.8423.8923.6223.8227.1M
Procter & GamblePG59.8660.2059.5559.9424.4M
AT&T Inc.T26.6026.8926.5826.6924.4M
Abbott LaboratoriesABT49.9150.6149.7650.0018.9M
Verizon CommunicationsVZ29.6429.8029.3829.5418.4M
Oracle Corp.ORCL24.3124.3524.0624.2116.4M
AppleAAPL261.01263.26259.42261.9314.9M
MerckMRK35.1035.2534.4834.8214.6M
ComcastCMCSA19.4219.5019.0419.2114.4M
ConocoPhillipsCOP56.8757.8956.8057.5613M
ChevronCVX77.9279.1277.8178.6611.8M
Home DepotHD29.0929.1828.4128.4511.7M
SchlumbergerSLB61.8463.3761.8462.8611.7M
Johnson & JohnsonJNJ58.7559.6058.7159.3510.9M
Wal-Mart StoresWMT51.2551.6551.0351.2910.7M
AltriaMO22.2022.2922.0722.1210.3M
UnitedHealth GroupUNH31.3932.5831.2732.429.95M
HP Inc.HPQ47.4647.6447.0847.369.65M
VisaV71.6373.5271.4373.008.54M
Walt Disney & Co.DIS34.4434.5534.0234.218.5M
Gilead SciencesGILD34.3934.8034.2434.487.86M
Coca-ColaKO56.2756.5356.0656.387.71M
Bristol-Myers SquibbBMY25.6525.8525.5825.686.84M
AmazonAMZN120.00122.87119.68122.425.95M
PepsicoPEP65.1165.9265.0065.775.58M
International Business MachinesIBM130.03131.04129.33130.375.09M
McDonald'sMCD70.2170.8470.0670.454.95M
Berkshire HathawayBRK.B79.8480.0879.5779.834.86M
AmgenAMGN54.5255.2854.4954.713.96M
BoeingBA69.3170.0068.9369.543.77M
AlphabetGOOGL490.50492.46486.76489.833.6M
United TechnologiesUTX72.2572.7871.9872.033.56M
3MMMM86.9887.5586.6887.212.86M
Union PacificUNP75.8776.8875.2076.542.02M
Exchange Rates of August 03, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85.810 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.024 CAD1 CAD = 0.977 USD
US DollarSwiss Franc1 USD = 1.040 CHF1 CHF = 0.962 USD
US DollarChinese Yuan1 USD = 6.774 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 113.500 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.829 GBP1 GBP = 1.206 EUR
EuroAustralian Dollar1 EUR = 1.449 AUD1 AUD = 0.690 EUR
EuroCanadian Dollar1 EUR = 1.354 CAD1 CAD = 0.738 EUR
EuroSwiss Franc1 EUR = 1.375 CHF1 CHF = 0.727 EUR
EuroChinese Yuan1 EUR = 8.961 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.731 GBP1 GBP = 1.369 JPY
Japanese YenAustralian Dollar1 JPY = 1.276 AUD1 AUD = 0.784 JPY
Japanese YenCanadian Dollar1 JPY = 1.193 CAD1 CAD = 0.838 JPY
Japanese YenSwiss Franc1 JPY = 1.212 CHF1 CHF = 0.825 JPY
Pound SterlingAustralian Dollar1 GBP = 1.747 AUD1 AUD = 0.573 GBP
Pound SterlingCanadian Dollar1 GBP = 1.633 CAD1 CAD = 0.612 GBP
Pound SterlingSwiss Franc1 GBP = 1.657 CHF1 CHF = 0.604 GBP
Pound SterlingChinese Yuan1 GBP = 10.791 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.935 CAD1 CAD = 1.070 AUD
Australian DollarSwiss Franc1 AUD = 0.949 CHF1 CHF = 1.054 AUD
Australian DollarChinese Yuan1 AUD = 6.186 CNY1 CNY = 0.162 AUD
Canadian DollarSwiss Franc1 CAD = 1.015 CHF1 CHF = 0.985 CAD
Canadian DollarChinese Yuan1 CAD = 6.614 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.515 CNY1 CNY = 0.153 CHF

See what else happened on August 03, 2010