Financial news on August 03, 2012
Business and Financial news
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..
The snack company’s revenue, which rose 2 percent, was helped by sales of Pop-Tarts and strength in North America. Read more..
Economy adds more jobs than expected, though jobless rate ticks up. | An unexpected risk in stock trading. | Facebook's stock slide. Read more..
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..
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..
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..
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..
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..
News analysis; market makers who once might have stepped in during trading mishaps have largely been replaced by computers programmed to make lucrative high-frequency trades, as evidenced by the recent Knight Capital Group incident; improved markets are more prone to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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.76||34.40||33.63||34.34||25.1M|
|Procter & Gamble||PG||64.71||65.90||64.70||65.50||15.3M|
|Johnson & Johnson||JNJ||68.98||69.32||68.89||69.12||10.9M|
|Walt Disney & Co.||DIS||49.81||49.87||49.36||49.77||8.19M|
|International Business Machines||IBM||196.48||198.95||196.16||198.52||3.28M|
Exchange Rates of August 03, 2012
|US Dollar||Japanese Yen||1 USD = 78.450 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.001 CAD||1 CAD = 0.999 USD|
|US Dollar||Swiss Franc||1 USD = 0.970 CHF||1 CHF = 1.031 USD|
|US Dollar||Chinese Yuan||1 USD = 6.372 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 97.220 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.792 GBP||1 GBP = 1.263 EUR|
|Euro||Australian Dollar||1 EUR = 1.172 AUD||1 AUD = 0.854 EUR|
|Euro||Canadian Dollar||1 EUR = 1.240 CAD||1 CAD = 0.807 EUR|
|Euro||Swiss Franc||1 EUR = 1.202 CHF||1 CHF = 0.832 EUR|
|Euro||Chinese Yuan||1 EUR = 7.899 CNY||1 CNY = 0.127 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.814 GBP||1 GBP = 1.228 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.205 AUD||1 AUD = 0.830 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.276 CAD||1 CAD = 0.784 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.236 CHF||1 CHF = 0.809 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.479 AUD||1 AUD = 0.676 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.566 CAD||1 CAD = 0.639 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.517 CHF||1 CHF = 0.659 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.975 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.057 CAD||1 CAD = 0.946 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.023 CHF||1 CHF = 0.978 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.739 CNY||1 CNY = 0.148 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.968 CHF||1 CHF = 1.033 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.369 CNY||1 CNY = 0.157 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.571 CNY||1 CNY = 0.152 CHF|