Financial news on August 05, 2010

Business and Financial news
Asian Shares Fall on Signs of Fitful U.S. Recovery

Most Asian stock markets rose Thursday as economic data relieved worries about a second recession in the world’s biggest economy but gains were modest ahead of a closely watched U.S. jobs report. Read more..

By DEALBOOK - The New York Times

Britain Confirms Unauthorized Sale of Meat From Animal Bred From a Clone

Meat from the offspring of a cloned cow in the United States entered the British food chain without official authorization, according to the Food Standards Agency in Britain. Read more..

By THE ASSOCIATED PRESS - International Herald Tribune

China Said to Conduct its Own Stress Tests

China’s banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling as much as 60 percent in the hardest-hit markets, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

For Fannie Stock, Even Betting Pennies Is a Risk

Shares of the mortgage giant Fannie Mae are almost worthless, but they are trading hands at a furious pace. Read more..

By DAVID GILLEN - The New York Times

I.R.S. Shifts to Combat Tax Evasion

The tax agency’s overhaul will bring together nearly 1,500 employees to focus on international tax issues involving both companies and individuals. Read more..

By LYNNLEY BROWNING - The New York Times

Next Leader for BP Meets Russian Officials in Moscow

Robert Dudley made a crucial protocol stop as he shifts the focus away from plugging the leak in the gulf to selling assets to pay for its cleanup. Read more..

By ANDREW E. KRAMER - The New York Times

Nolan Ryan Group Outbids Cuban for Texas Rangers

A group including Hall of Fame pitcher Nolan Ryan won a bankruptcy auction for the Texas Rangers baseball club, defeating a rival bid by Mark Cuban, the owner of the Dallas Mavericks basketball team, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Outsourcing to India Draws Western Lawyers

American and British lawyers — who might once have turned up their noses at the idea of moving to India — are re-evaluating. Read more..

By HEATHER TIMMONS - The New York Times

Toyota Recovers From a Slump to Report a $2.2 Billion Profit

The automaker’s strong sales in emerging markets and aggressive cost-cutting helped reverse its loss of $902 million a year earlier. Read more..

By HIROKO TABUCHI - The New York Times

Vice, a Media Company, Shows Big Brands How to Reach the Hip Crowd

In 2009, companies spent more than $47 billion on custom marketing — from magazines to Web sites — to attract specific audiences. Read more..

By JOSEPH PLAMBECK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 16,39 16,48 16,07 16,19 73.7M
Microsoft MSFT 25,49 25,58 25,21 25,37 64.9M
General Electric GE 16,35 16,54 16,27 16,52 46.6M
Intel INTC 20,64 20,79 20,46 20,67 44.5M
Cisco Systems CSCO 24,03 24,18 23,83 24,17 30.2M
AT&T Inc. T 26,51 26,90 26,51 26,74 23.5M
Wells Fargo & Co. WFC 27,71 27,96 27,56 27,88 21.9M
Comcast CMCSA 19,06 19,30 18,89 18,94 20.8M
ExxonMobil XOM 62,28 62,71 61,85 62,71 20M
JPMorgan Chase JPM 40,97 41,43 40,94 41,27 19.8M
Oracle Corp. ORCL 24,28 24,45 24,14 24,29 18.7M
Gilead Sciences GILD 35,06 36,11 34,93 35,73 14.9M
Verizon Communications VZ 29,26 29,76 29,25 29,55 13.6M
HP Inc. HPQ 46,69 46,69 46,02 46,35 13.5M
Procter & Gamble PG 59,55 60,20 59,40 59,86 12.6M
Abbott Laboratories ABT 49,93 50,08 49,72 49,98 12.3M
Bristol-Myers Squibb BMY 25,83 26,38 25,80 26,38 12.3M
ConocoPhillips COP 57,00 57,82 56,88 57,70 11.1M
Apple AAPL 261,73 263,18 260,55 261,70 10.3M
Merck MRK 35,00 35,16 34,70 35,07 10.1M
Johnson & Johnson JNJ 59,53 59,89 59,51 59,76 9.8M
Chevron CVX 78,51 79,19 78,24 79,07 9.3M
Home Depot HD 28,52 28,93 28,33 28,71 9.1M
Altria MO 22,23 22,40 22,21 22,34 8.51M
Walt Disney & Co. DIS 34,68 35,05 34,56 34,98 8.41M
UnitedHealth Group UNH 32,76 33,49 32,68 33,42 7.83M
Visa V 72,13 72,40 71,32 71,50 7.7M
Coca-Cola KO 56,41 56,42 55,80 56,37 7.55M
Wal-Mart Stores WMT 51,64 51,67 51,22 51,62 7.44M
Schlumberger SLB 62,63 63,28 61,94 63,26 5.84M
McDonald's MCD 70,50 70,50 69,84 70,45 5.44M
Pepsico PEP 65,68 65,87 65,06 65,58 5.14M
Alphabet GOOGL 505,89 508,60 503,56 508,10 4.84M
International Business Machines IBM 130,73 131,98 130,53 131,83 4.52M
Boeing BA 68,73 69,25 68,33 68,71 4.31M
Amazon AMZN 126,77 128,00 125,82 127,83 4.28M
Berkshire Hathaway BRK.B 80,20 80,87 79,89 80,83 3.81M
Union Pacific UNP 76,49 77,79 76,24 77,53 3.09M
Amgen AMGN 55,38 55,61 55,17 55,32 3.07M
United Technologies UTX 72,38 73,35 72,11 73,20 3.07M
3M MMM 87,31 87,92 86,97 87,72 2.52M
Exchange Rates of August 05, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85,840 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,017 CAD 1 CAD = 0,983 USD
US Dollar Swiss Franc 1 USD = 1,046 CHF 1 CHF = 0,956 USD
US Dollar Chinese Yuan 1 USD = 6,772 CNY 1 CNY = 0,148 USD
Euro Japanese Yen 1 EUR = 113,170 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,830 GBP 1 GBP = 1,205 EUR
Euro Australian Dollar 1 EUR = 1,440 AUD 1 AUD = 0,694 EUR
Euro Canadian Dollar 1 EUR = 1,341 CAD 1 CAD = 0,746 EUR
Euro Swiss Franc 1 EUR = 1,379 CHF 1 CHF = 0,725 EUR
Euro Chinese Yuan 1 EUR = 8,927 CNY 1 CNY = 0,112 EUR
Japanese Yen Pound Sterling 1 JPY = 0,733 GBP 1 GBP = 1,365 JPY
Japanese Yen Australian Dollar 1 JPY = 1,272 AUD 1 AUD = 0,786 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,184 CAD 1 CAD = 0,844 JPY
Japanese Yen Swiss Franc 1 JPY = 1,219 CHF 1 CHF = 0,821 JPY
Pound Sterling Australian Dollar 1 GBP = 1,735 AUD 1 AUD = 0,576 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,616 CAD 1 CAD = 0,619 GBP
Pound Sterling Swiss Franc 1 GBP = 1,662 CHF 1 CHF = 0,602 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,748 CNY 1 CNY = 0,093 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,931 CAD 1 CAD = 1,074 AUD
Australian Dollar Swiss Franc 1 AUD = 0,958 CHF 1 CHF = 1,044 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,197 CNY 1 CNY = 0,161 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,028 CHF 1 CHF = 0,972 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,660 CNY 1 CNY = 0,150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,470 CNY 1 CNY = 0,155 CHF

See what else happened on August 05, 2010