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..

By THE ASSOCIATED PRESS - The New York Times

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..

By THE ASSOCIATED PRESS - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Facebook FB 20.36 22.16 19.90 21.09 80.6M
Cisco Systems CSCO 16.08 16.44 15.97 16.35 40.9M
General Electric GE 20.82 21.00 20.77 20.96 37.9M
Microsoft MSFT 29.53 29.94 29.48 29.75 35.9M
Pfizer PFE 24.10 24.33 24.09 24.28 33.1M
Intel INTC 26.25 26.35 25.98 26.23 30.7M
Wells Fargo & Co. WFC 33.76 34.40 33.63 34.34 25.1M
JPMorgan Chase JPM 35.82 36.29 35.50 36.09 24.5M
AT&T Inc. T 37.87 38.00 37.47 37.58 24.3M
Comcast CMCSA 34.55 35.09 34.45 34.61 21.5M
HP Inc. HPQ 17.83 18.33 17.72 18.26 19M
Bristol-Myers Squibb BMY 32.96 33.10 32.57 32.64 18.3M
Oracle Corp. ORCL 30.53 30.87 30.38 30.72 17.8M
Procter & Gamble PG 64.71 65.90 64.70 65.50 15.3M
ExxonMobil XOM 87.07 87.89 86.80 87.55 14M
Verizon Communications VZ 45.13 45.14 44.34 44.46 13M
Apple AAPL 613.63 617.98 611.56 615.70 12.3M
Abbott Laboratories ABT 66.88 67.45 66.52 66.59 12.2M
Johnson & Johnson JNJ 68.98 69.32 68.89 69.12 10.9M
Merck MRK 44.44 44.68 44.08 44.15 10M
General Motors GM 19.26 20.10 19.25 20.04 9.39M
Wal-Mart Stores WMT 74.74 74.96 74.25 74.55 8.74M
Gilead Sciences GILD 57.88 58.52 56.78 56.87 8.58M
Walt Disney & Co. DIS 49.81 49.87 49.36 49.77 8.19M
Altria MO 35.87 35.99 35.77 35.92 7.88M
Home Depot HD 52.20 52.34 51.86 52.29 7.48M
ConocoPhillips COP 55.56 55.99 55.41 55.71 6.64M
UnitedHealth Group UNH 51.38 52.25 50.62 51.61 6.41M
Chevron CVX 111.14 111.88 110.90 111.12 5.97M
Coca-Cola KO 80.19 80.99 80.01 80.83 5.92M
Pepsico PEP 72.47 72.90 72.19 72.87 5.43M
Schlumberger SLB 72.50 72.84 71.71 72.39 5.08M
Berkshire Hathaway BRK.B 84.75 85.69 84.71 85.58 5.06M
McDonald's MCD 90.17 90.36 89.29 89.59 4.87M
Boeing BA 73.13 73.34 72.68 72.81 4.59M
United Technologies UTX 74.92 77.25 74.92 76.81 4.25M
Amgen AMGN 82.54 83.00 81.98 82.21 4.12M
Alphabet GOOGL 640.00 643.72 636.14 641.33 3.79M
International Business Machines IBM 196.48 198.95 196.16 198.52 3.28M
Visa V 130.36 131.54 128.86 130.98 3.23M
Union Pacific UNP 123.93 126.91 123.69 124.54 2.99M
Amazon AMZN 234.03 236.49 233.03 234.97 2.83M
3M MMM 91.03 91.79 91.01 91.70 2.71M
Exchange Rates of August 03, 2012
CurrenciesExchange Rates
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

See what else happened on August 03, 2012