Financial news on August 4th, 2008

Business and Financial news
An Acid-Tongued Maverick Keeps Bankers on the Edge of Their Seats

Richard X. Bove is one of the few analysts to predict the housing market blow-up. He is also one of the few whose advice would have made money for investors over the past year. Read more..

By LOUISE STORY - The New York Times

An Internal Wiki That’s Not Classified

The State Department’s creation of “Diplopedia,” an internal wiki, is part of its changing ethic from “a need to know culture” to a “need to share culture,” an employee said. Read more..

By NOAM COHEN - The New York Times

A Rare CD by Today’s Hot Boy Band: Bids Start at $160. Do I Hear $200?

To teenage girls this summer, few things are hotter than the Jonas Brothers, and the sole album on their back list, the out-of-print “It’s About Time.” Read more..

By DOUGLAS QUENQUA - The New York Times

Blog Posts Poke Holes in ‘Taste Test’ by Microsoft

Deserved or not, the Windows Vista operating system from Microsoft gets a bad rap. But the company’s effort to repair Vista’s reputation did not win rave reviews either. Read more..

By DAN MITCHELL - The New York Times

Intel’s Line of Graphics Chips Could Have Broader Uses

Intel said it would initially aim its new microprocessor family, code-named Larrabee, at the personal computer graphics market. Read more..

By JOHN MARKOFF - The New York Times

Jewish Channel Offers Issues, History and Offbeat Movies

Elie Singer has prevailed in creating a cable outlet that’s been labeled the “Jewish HBO.” Read more..

By JOANNE KAUFMAN - The New York Times

Media Outlets Are Seeking a Campaign Bounce of Their Own

Voter interest in the presidential race may be soaring, but many media companies are struggling to translate coverage into repeat readers and viewers -- or revenue. Read more..

By BRIAN STELTER and RICHARD PÉREZ-PEÑA - The New York Times

NBC Ad Pairs ‘Mummy’ and Olympics

NBC executives call the company’s TV ads plugging its new movie, “The Mummy,” and the Beijing Olympics synergy. Some viewers call it confusing. Read more..

By STEPHANIE CLIFFORD - The New York Times

The High Cost of a ‘Free Credit Report’

Catchy television ads for FreeCreditReport.com don’t highlight another catch tied to the service: a monthly fee. Read more..

By STEPHANIE CLIFFORD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.3625.5525.1125.2860.6M
Cisco SystemsCSCO22.0722.1721.7221.9950M
Wells Fargo & Co.WFC30.1030.7729.4430.1846.6M
PfizerPFE18.6219.1618.5518.9843M
IntelINTC22.3522.6522.1722.5241.6M
ExxonMobilXOM79.6380.1376.1476.6037.9M
General ElectricGE28.1428.4327.7628.1736.9M
JPMorgan ChaseJPM40.1440.8938.9140.1427.7M
Oracle Corp.ORCL21.5021.5921.1421.2526M
AT&T Inc.T30.4730.5529.7230.1723.6M
AppleAAPL156.58157.90152.91153.2321.2M
ConocoPhillipsCOP81.2481.6079.0179.4520.4M
ChevronCVX84.0684.7682.0882.8016.5M
Abbott LaboratoriesABT56.0757.8755.9357.2616.5M
MerckMRK33.3133.7332.9533.4016.3M
Wal-Mart StoresWMT57.5859.0757.5558.4313.8M
Johnson & JohnsonJNJ68.1869.4267.9768.9813.7M
ComcastCMCSA20.3820.6720.2020.5513.2M
Procter & GamblePG65.1266.5064.9065.8212.7M
Verizon CommunicationsVZ34.1334.3133.5033.8312M
SchlumbergerSLB99.93100.0093.8294.4111.6M
UnitedHealth GroupUNH28.7029.5027.5028.9611.5M
Walt Disney & Co.DIS30.1130.5930.0530.3711.4M
Coca-ColaKO53.1254.0852.9053.9011.1M
Bristol-Myers SquibbBMY21.1321.6121.1321.3910.8M
VisaV71.7673.6071.5072.5010.7M
Home DepotHD23.8224.1823.5123.8910.6M
AmgenAMGN63.0063.9962.8163.6710.3M
AltriaMO20.9521.1420.8021.0710.2M
PepsicoPEP66.7167.9566.6367.679.72M
HP Inc.HPQ43.7144.4543.6443.949.49M
Gilead SciencesGILD54.0154.2553.2553.846.18M
BoeingBA62.0862.3361.1361.366.07M
McDonald'sMCD59.8460.9659.7760.556.07M
International Business MachinesIBM126.77128.10126.25127.565.99M
Union PacificUNP79.5080.9579.4679.995.67M
United TechnologiesUTX63.4764.2362.6563.765.05M
AlphabetGOOGL468.80473.01461.90463.004.97M
AmazonAMZN76.0077.3075.0175.714.5M
3MMMM70.0370.4469.3569.752.28M
Berkshire HathawayBRK.B3895.003908.003807.503827.0010.6K
Exchange Rates of August 4th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.037 CAD1 CAD = 0.965 USD
US DollarSwiss Franc1 USD = 1.048 CHF1 CHF = 0.954 USD
US DollarChinese Yuan1 USD = 6.852 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 168.510 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.794 GBP1 GBP = 1.260 EUR
EuroAustralian Dollar1 EUR = 1.675 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.614 CAD1 CAD = 0.620 EUR
EuroSwiss Franc1 EUR = 1.633 CHF1 CHF = 0.613 EUR
Japanese YenPound Sterling1 JPY = 0.471 GBP1 GBP = 2.124 JPY
Japanese YenAustralian Dollar1 JPY = 0.994 AUD1 AUD = 1.006 JPY
Japanese YenCanadian Dollar1 JPY = 0.958 CAD1 CAD = 1.044 JPY
Japanese YenSwiss Franc1 JPY = 0.969 CHF1 CHF = 1.032 JPY
Pound SterlingAustralian Dollar1 GBP = 2.110 AUD1 AUD = 0.474 GBP
Pound SterlingCanadian Dollar1 GBP = 2.033 CAD1 CAD = 0.492 GBP
Pound SterlingSwiss Franc1 GBP = 2.056 CHF1 CHF = 0.486 GBP
Australian DollarCanadian Dollar1 AUD = 0.963 CAD1 CAD = 1.039 AUD
Australian DollarSwiss Franc1 AUD = 0.974 CHF1 CHF = 1.027 AUD
Canadian DollarSwiss Franc1 CAD = 1.011 CHF1 CHF = 0.989 CAD

See what else happened on August 4th, 2008