Financial news on August 05, 2008

Business and Financial news
A Mission to Help Those Scarred by War, Born of a Family’s Grief

Waiting to leave their planes, passengers saw the coffin of a military officer killed in Iraq been unloaded from a commercial flight. Read more..

By JOAN RAYMOND - The New York Times

A Ruling May Pave the Way for Broader Use of DVR

A new court ruling in New York said that the so-called network DVR, which records programs on a faraway computer rather than on the device itself, does not violate copyright law. Read more..

By BRIAN STELTER - The New York Times

HSBC Warns of Challenges as Its Profit Drops 29%

The biggest European bank reported net income of $7.7 billion in the first half of 2008 as loan impairment charges and other credit risk provisions increased 58 percent. Read more..

By JULIA WERDIGIER - The New York Times

ImClone Says Bid From Bristol-Myers Undervalues the Company

ImClone Systems, the maker of the anticancer drug Erbitux, said a $4.5 billion takeover bid by Bristol-Myers Squibb “substantially undervalues” the company. Read more..

By MICHAEL J. de la MERCED - The New York Times

Inflation Takes Steam Out of Rise in Spending

Consumer spending increased 0.6 percent in June, but prices rose 0.8 percent, the government reported, indicating months of challenges to come. Read more..

By CATHERINE RAMPELL - The New York Times

JetBlue Starts Selling Blankets and Pillows

No more free pillows and blankets on JetBlue Airways, but they will be sold for $7 on flights over two hours. Read more..

By MICHELINE MAYNARD - The New York Times

Merrill’s Chief Defends Recent Sale

Merrill Lynch’s chief said he sold mortgage investments at fire-sale prices to bolster employee morale. Read more..

By LOUISE STORY - The New York Times

Motorola Names Leader for Mobile Phone Unit

Sanjay K. Jha of Qualcomm was tapped to head Motorola’s troubled mobile phone division and share chief executive duties for the entire company in an unusual power-sharing arrangement. Read more..

By LAURA M. HOLSON - The New York Times

On Wall St., Reputation Is Fragile

The story of the resignation of Steven Rattner, a managing director at Credit Suisse, started with an extramarital affair and ended with an Internet vendetta. Read more..

By ANDREW ROSS SORKIN - The New York Times

Terror Grips You (Someone Has Called a Meeting)

There’s more than a few ways for small-business owners to make meetings more productive. Read more..

By PAUL B. BROWN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25,67 26,28 25,50 26,21 84.3M
Cisco Systems CSCO 22,25 22,65 22,02 22,65 77M
Pfizer PFE 19,04 19,75 19,04 19,71 56.9M
Intel INTC 22,75 23,05 22,46 23,02 54.6M
General Electric GE 28,38 29,25 28,38 29,25 52.2M
Wells Fargo & Co. WFC 30,55 31,69 30,24 31,54 45.8M
Oracle Corp. ORCL 21,42 22,22 21,31 22,21 42.7M
ExxonMobil XOM 76,50 78,35 76,21 78,35 40.1M
Wal-Mart Stores WMT 59,02 60,99 58,83 60,34 37.6M
JPMorgan Chase JPM 41,27 42,00 40,21 41,89 35.8M
AT&T Inc. T 30,35 31,15 30,13 31,05 27.2M
Apple AAPL 155,50 160,80 154,82 160,64 24.6M
Comcast CMCSA 20,81 21,56 20,74 21,53 23.9M
Chevron CVX 82,55 83,30 80,85 82,49 22M
Procter & Gamble PG 66,21 68,10 65,82 67,97 20.4M
Johnson & Johnson JNJ 69,31 70,50 69,13 70,45 20.2M
Abbott Laboratories ABT 57,48 58,74 57,22 58,71 19.5M
ConocoPhillips COP 79,17 80,20 78,46 79,84 16.1M
Merck MRK 33,49 34,79 33,49 34,70 16.1M
Walt Disney & Co. DIS 30,52 31,40 30,40 31,31 15.5M
Verizon Communications VZ 34,17 34,68 33,74 34,55 14.5M
Home Depot HD 24,10 24,94 24,10 24,89 14.4M
McDonald's MCD 60,79 62,41 60,68 62,33 13.3M
HP Inc. HPQ 44,15 45,19 43,97 45,00 13.3M
UnitedHealth Group UNH 28,96 30,48 28,96 30,45 13.1M
Coca-Cola KO 54,10 55,00 54,05 54,91 12.7M
Pepsico PEP 67,98 68,79 67,57 68,52 12.1M
Bristol-Myers Squibb BMY 21,50 21,93 21,40 21,82 11.9M
Altria MO 21,10 21,41 20,73 21,37 11.7M
Gilead Sciences GILD 54,11 55,48 54,05 55,32 11.3M
Schlumberger SLB 94,42 96,50 93,78 95,91 10.4M
Amgen AMGN 63,86 63,99 62,81 63,69 10.3M
Boeing BA 61,87 65,68 61,86 65,20 8.94M
Visa V 73,20 74,23 72,32 73,60 8.59M
Amazon AMZN 77,00 79,52 76,52 79,11 7.79M
Alphabet GOOGL 467,89 480,08 466,33 479,85 7.16M
International Business Machines IBM 127,56 128,90 127,08 128,87 6.97M
United Technologies UTX 64,16 65,60 63,67 65,54 5.64M
Union Pacific UNP 80,94 82,68 80,93 82,19 5.27M
3M MMM 70,23 72,03 70,00 71,88 4.88M
Berkshire Hathaway BRK.B 3825,00 3870,00 3816,00 3849,00 31.2K
Exchange Rates of August 05, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 108,290 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,043 CAD 1 CAD = 0,959 USD
US Dollar Swiss Franc 1 USD = 1,055 CHF 1 CHF = 0,948 USD
US Dollar Chinese Yuan 1 USD = 6,856 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 167,300 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,791 GBP 1 GBP = 1,264 EUR
Euro Australian Dollar 1 EUR = 1,687 AUD 1 AUD = 0,593 EUR
Euro Canadian Dollar 1 EUR = 1,611 CAD 1 CAD = 0,621 EUR
Euro Swiss Franc 1 EUR = 1,630 CHF 1 CHF = 0,614 EUR
Japanese Yen Pound Sterling 1 JPY = 0,473 GBP 1 GBP = 2,116 JPY
Japanese Yen Australian Dollar 1 JPY = 1,008 AUD 1 AUD = 0,992 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,963 CAD 1 CAD = 1,039 JPY
Japanese Yen Swiss Franc 1 JPY = 0,974 CHF 1 CHF = 1,027 JPY
Pound Sterling Australian Dollar 1 GBP = 2,132 AUD 1 AUD = 0,469 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,036 CAD 1 CAD = 0,491 GBP
Pound Sterling Swiss Franc 1 GBP = 2,059 CHF 1 CHF = 0,486 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,954 CAD 1 CAD = 1,048 AUD
Australian Dollar Swiss Franc 1 AUD = 0,965 CHF 1 CHF = 1,036 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,011 CHF 1 CHF = 0,989 CAD

See what else happened on August 05, 2008