Financial news on August 03, 2012

Business and Financial news
A Detergent Picks a Star Who Shares Its Name

Andrew Adam Newman Advertising column notes Procter & Gamble's Tide enlists actress Betty White in its campaign to introduce Tide Vivid White and Bright, new names for Tide with Bleach Alternative and Tide with Bleach powder. Read more..

By ANDREW ADAM NEWMAN - The New York Times

At Kellogg, Income Slips Despite Rise in Revenue

The snack company’s revenue, which rose 2 percent, was helped by sales of Pop-Tarts and strength in North America. Read more..


Business Day Live | August 3, 2012

Economy adds more jobs than expected, though jobless rate ticks up. | An unexpected risk in stock trading. | Facebook's stock slide. Read more..

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

Financial Dispute Weakens Journalists’ Push for Unity

Coalition of minority journalists’ groups convenes in Las Vegas under the new name Unity Journalists after undergoing changes in membership; National Association of Black Journalists withdraws amid a disagreement over finances; minority newsroom employment at daily newspapers fell 5.7 percent in 2011, compared with total newsroom employment drop of 2.4 percent. Read more..

By TANZINA VEGA - The New York Times

Kraft Keeps Annual Goals Though Sales Are Slower

Kraft Foods reports second-quarter profit of $1.03 billion, or 58 cents a share, up from $976 million, or 55 cents a share, in the year-ago quarter; revenue fell to $13.29 billion from $13.88 billion; stands by its full-year forecast of 5 percent for revenue and at least 9 percent for operating earnings. Read more..

By REUTERS - The New York Times

Markets Tumble as Europe’s Central Bank Disappoints

Stock prices and the euro fell on Thursday, while Spanish 10-year government bond yields rose back above levels considered unsustainable in the medium term. Read more..

By STEPHEN CASTLE - International Herald Tribune

Sony's Quarterly Profit Sinks, Hit by Weak Demand

Pummeled by the slow global economy, exchange rate shifts and the euro zone crisis, Sony reported a 77 percent slide in operating profit, far below expectations for the quarter. Read more..

By REUTERS - International Herald Tribune

State Settles on Forgeries by Servicer of Mortgages

Mortgage services company DocX settles with the Missouri attorney general’s office over accusations that it had forged signatures on home foreclosure documents to speed their processing; parent Lender Processing Services will pay Missouri $1.5 million and reimburse the attorney general's office $500,000. Read more..


Strong and Fast Markets, but No Time to Think

News analysis; market makers who once might have stepped in during trading mishaps have largely been replaced by computers programmed to make lucrative high-frequency trades, as evidenced by the recent Knight Capital Group incident; improved markets are more prone to disaster, and with technological innovation continuing apace, the risks may have increased. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO16.0816.4415.9716.3540.9M
General ElectricGE20.8221.0020.7720.9637.9M
Wells Fargo & Co.WFC33.7634.4033.6334.3425.1M
JPMorgan ChaseJPM35.8236.2935.5036.0924.5M
AT&T Inc.T37.8738.0037.4737.5824.3M
HP Inc.HPQ17.8318.3317.7218.2619M
Bristol-Myers SquibbBMY32.9633.1032.5732.6418.3M
Oracle Corp.ORCL30.5330.8730.3830.7217.8M
Procter & GamblePG64.7165.9064.7065.5015.3M
Verizon CommunicationsVZ45.1345.1444.3444.4613M
Abbott LaboratoriesABT66.8867.4566.5266.5912.2M
Johnson & JohnsonJNJ68.9869.3268.8969.1210.9M
General MotorsGM19.2620.1019.2520.049.39M
Wal-Mart StoresWMT74.7474.9674.2574.558.74M
Gilead SciencesGILD57.8858.5256.7856.878.58M
Walt Disney & Co.DIS49.8149.8749.3649.778.19M
Home DepotHD52.2052.3451.8652.297.48M
UnitedHealth GroupUNH51.3852.2550.6251.616.41M
Berkshire HathawayBRK.B84.7585.6984.7185.585.06M
United TechnologiesUTX74.9277.2574.9276.814.25M
International Business MachinesIBM196.48198.95196.16198.523.28M
Union PacificUNP123.93126.91123.69124.542.99M
Exchange Rates of August 03, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 78.450 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.001 CAD1 CAD = 0.999 USD
US DollarSwiss Franc1 USD = 0.970 CHF1 CHF = 1.031 USD
US DollarChinese Yuan1 USD = 6.372 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 97.220 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.792 GBP1 GBP = 1.263 EUR
EuroAustralian Dollar1 EUR = 1.172 AUD1 AUD = 0.854 EUR
EuroCanadian Dollar1 EUR = 1.240 CAD1 CAD = 0.807 EUR
EuroSwiss Franc1 EUR = 1.202 CHF1 CHF = 0.832 EUR
EuroChinese Yuan1 EUR = 7.899 CNY1 CNY = 0.127 EUR
Japanese YenPound Sterling1 JPY = 0.814 GBP1 GBP = 1.228 JPY
Japanese YenAustralian Dollar1 JPY = 1.205 AUD1 AUD = 0.830 JPY
Japanese YenCanadian Dollar1 JPY = 1.276 CAD1 CAD = 0.784 JPY
Japanese YenSwiss Franc1 JPY = 1.236 CHF1 CHF = 0.809 JPY
Pound SterlingAustralian Dollar1 GBP = 1.479 AUD1 AUD = 0.676 GBP
Pound SterlingCanadian Dollar1 GBP = 1.566 CAD1 CAD = 0.639 GBP
Pound SterlingSwiss Franc1 GBP = 1.517 CHF1 CHF = 0.659 GBP
Pound SterlingChinese Yuan1 GBP = 9.975 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.057 CAD1 CAD = 0.946 AUD
Australian DollarSwiss Franc1 AUD = 1.023 CHF1 CHF = 0.978 AUD
Australian DollarChinese Yuan1 AUD = 6.739 CNY1 CNY = 0.148 AUD
Canadian DollarSwiss Franc1 CAD = 0.968 CHF1 CHF = 1.033 CAD
Canadian DollarChinese Yuan1 CAD = 6.369 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.571 CNY1 CNY = 0.152 CHF

See what else happened on August 03, 2012