Financial news on August 4th, 2010
Business and Financial news
Guillaume d’Hauteville, vice chairman for investment banking in Europe at Nomura Holdings, sat down with DealBook to discuss the state of mergers and acquisitions in Europe, the demise of Lehman Brothers and the future of the euro zone. Read more..
General Motors’ anticipated initial public offering may be a hard sell. After all, the automaker burned investors with its Chapter 11 filing a little over a year ago. But companies that emerge from bankruptcy can significantly outperform the stock market. Read more..
The deal is the latest effort in BP’s plan to sell up to $30 billion of assets to cover costs related to the Gulf of Mexico oil spill. Read more..
Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who accused them of fraudulently touting out-sized sales figures to encourage them to buy units and inflate the project’s financial health, Reuters reported. Read more..
A former Deloitte & Touche partner and his son will pay more than $1.1 million to settle claims they illegally traded on inside information about the audit firm’s clients, federal regulators said on Wednesday. Read more..
Vanity Fair has published a profile of Steven Rattner, whose talents led him from reporting to private equity to a position as car czar, but could not save him from the pay-to-play imbroglio that engulfed the New York establishment early last year. Read more..
GM Ventures, the recently-created venture-capital arm of General Motors, has made its first investment by taking a minority stake in electric vehicle company Bright Automotive, CNET News reported. Read more..
The commission accused Intel of illegally using its dominance to block customers from buying competitors’ products. Read more..
Bank of New York Mellon has named BlackRock’s Curtis Arledge as chief executive of its asset management unit, filling a role left vacant by the departure of Ronald O’Hanley. Read more..
An important test of financial regulators’ resolve will come as the S.E.C. finalizes new rules for nominating directors to corporate boards. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||28.17||28.25||27.70||27.93||28.9M|
|Procter & Gamble||PG||60.07||60.57||59.55||59.55||19.7M|
|Johnson & Johnson||JNJ||59.37||59.93||59.23||59.74||10.5M|
|Walt Disney & Co.||DIS||34.41||34.96||34.14||34.83||9.84M|
|International Business Machines||IBM||130.46||131.50||129.85||131.27||4.57M|
Exchange Rates of August 4th, 2010
|US Dollar||Japanese Yen||1 USD = 86.320 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.018 CAD||1 CAD = 0.982 USD|
|US Dollar||Swiss Franc||1 USD = 1.053 CHF||1 CHF = 0.949 USD|
|US Dollar||Chinese Yuan||1 USD = 6.773 CNY||1 CNY = 0.148 USD|
|Euro||Japanese Yen||1 EUR = 113.560 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.828 GBP||1 GBP = 1.208 EUR|
|Euro||Australian Dollar||1 EUR = 1.435 AUD||1 AUD = 0.697 EUR|
|Euro||Canadian Dollar||1 EUR = 1.339 CAD||1 CAD = 0.747 EUR|
|Euro||Swiss Franc||1 EUR = 1.386 CHF||1 CHF = 0.722 EUR|
|Euro||Chinese Yuan||1 EUR = 8.911 CNY||1 CNY = 0.112 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.729 GBP||1 GBP = 1.372 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.263 AUD||1 AUD = 0.792 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.179 CAD||1 CAD = 0.848 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.220 CHF||1 CHF = 0.820 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.733 AUD||1 AUD = 0.577 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.617 CAD||1 CAD = 0.619 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.674 CHF||1 CHF = 0.598 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.750 CNY||1 CNY = 0.093 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.933 CAD||1 CAD = 1.072 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.965 CHF||1 CHF = 1.036 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.209 CNY||1 CNY = 0.161 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.034 CHF||1 CHF = 0.967 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.655 CNY||1 CNY = 0.150 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.429 CNY||1 CNY = 0.156 CHF|