Financial news on August 4th, 2010

Business and Financial news
A European View of M.&A. and Lehman’s Demise

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..

By CHRIS V. NICHOLSON - The New York Times

A G.M. Initial Public Offering Might Stir Caution

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..

By DEALBOOK - The New York Times

BP to Sell Oil Assets In Colombia

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 Sued for Fraud Over SoHo Condo

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..

By DEALBOOK - The New York Times

Ex-Deloitte Partner and Son Settle Insider Claims

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..

By DEALBOOK - The New York Times

From Wall St. to Washington and Back

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..

By DEALBOOK - The New York Times

GM Ventures Makes First Investment

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..

By DEALBOOK - The New York Times

Intel to Settle F.T.C. Antitrust Case

The commission accused Intel of illegally using its dominance to block customers from buying competitors’ products. Read more..

By BLOOMBERG NEWS - The New York Times

Mellon Finds Asset Management Head at BlackRock

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..

By DEALBOOK - The New York Times

Putting Investors First

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..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.7924.2523.7824.1448.3M
General ElectricGE16.4116.5116.3716.4846.1M
Wells Fargo & Co.WFC28.1728.2527.7027.9328.9M
AT&T Inc.T26.6226.7526.3926.6426.2M
JPMorgan ChaseJPM41.2241.4140.8641.2923.1M
Oracle Corp.ORCL24.2924.5924.1724.4920M
Procter & GamblePG60.0760.5759.5559.5519.7M
Verizon CommunicationsVZ29.7029.7029.1029.4017.3M
HP Inc.HPQ47.4247.7046.6546.7715.7M
Abbott LaboratoriesABT49.9850.2749.7950.1812.9M
Gilead SciencesGILD34.6835.3134.4235.2211.7M
Home DepotHD28.6128.9328.5128.7211M
Johnson & JohnsonJNJ59.3759.9359.2359.7410.5M
Bristol-Myers SquibbBMY25.7026.1325.6126.0310.2M
Walt Disney & Co.DIS34.4134.9634.1434.839.84M
UnitedHealth GroupUNH32.4333.2432.4032.919.38M
Wal-Mart StoresWMT51.0451.7151.0151.608.07M
Berkshire HathawayBRK.B79.9980.8579.8080.765.38M
International Business MachinesIBM130.46131.50129.85131.274.57M
United TechnologiesUTX72.2172.9472.0672.672.81M
Union PacificUNP76.5777.2576.3476.972.12M
Exchange Rates of August 4th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86.320 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.018 CAD1 CAD = 0.982 USD
US DollarSwiss Franc1 USD = 1.053 CHF1 CHF = 0.949 USD
US DollarChinese Yuan1 USD = 6.773 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 113.560 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.828 GBP1 GBP = 1.208 EUR
EuroAustralian Dollar1 EUR = 1.435 AUD1 AUD = 0.697 EUR
EuroCanadian Dollar1 EUR = 1.339 CAD1 CAD = 0.747 EUR
EuroSwiss Franc1 EUR = 1.386 CHF1 CHF = 0.722 EUR
EuroChinese Yuan1 EUR = 8.911 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.729 GBP1 GBP = 1.372 JPY
Japanese YenAustralian Dollar1 JPY = 1.263 AUD1 AUD = 0.792 JPY
Japanese YenCanadian Dollar1 JPY = 1.179 CAD1 CAD = 0.848 JPY
Japanese YenSwiss Franc1 JPY = 1.220 CHF1 CHF = 0.820 JPY
Pound SterlingAustralian Dollar1 GBP = 1.733 AUD1 AUD = 0.577 GBP
Pound SterlingCanadian Dollar1 GBP = 1.617 CAD1 CAD = 0.619 GBP
Pound SterlingSwiss Franc1 GBP = 1.674 CHF1 CHF = 0.598 GBP
Pound SterlingChinese Yuan1 GBP = 10.750 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 0.965 CHF1 CHF = 1.036 AUD
Australian DollarChinese Yuan1 AUD = 6.209 CNY1 CNY = 0.161 AUD
Canadian DollarSwiss Franc1 CAD = 1.034 CHF1 CHF = 0.967 CAD
Canadian DollarChinese Yuan1 CAD = 6.655 CNY1 CNY = 0.150 CAD
Swiss FrancChinese Yuan1 CHF = 6.429 CNY1 CNY = 0.156 CHF

See what else happened on August 4th, 2010