Financial news on August 06, 2008

Business and Financial news
An Energy Diet for Power-Hungry Household PCs

A group, including Microsoft, has launched an initiative to distribute free software to personal computer owners to help them save on energy costs. Read more..

By STEVE LOHR - The New York Times

Cablevision Weighs a Possible Spinoff

Among the options the company mentioned to improve shareholder value are regular dividends, a stock buyback plan and possible spinoffs of business units. Read more..

By TIM ARANGO - The New York Times

Comcast Buying a Publisher of Net Newsletters and Sites

Comcast said it would buy DailyCandy, a publisher of net newsletters, for $125 million. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Europe Tries to Handle Political Fallout of Pension Cuts

Faced with an aging population, much of Europe is trying to address the pressing need for change in national pension systems, balancing rising costs with political pressure. Read more..

By CARTER DOUGHERTY - The New York Times

Fed Holds Key Rate Steady Amid Growth Concerns

Policymakers seemed to put slightly less emphasis on the inflationary risks of keeping rates low than they had at their last meeting. Read more..

By LOUIS UCHITELLE - The New York Times

Google’s New Tool Is Meant for Marketers

The company is introducing a free service, intended for marketers, but which will allow anyone to track the popularity of various terms in Google’s search engine. Read more..

By MIGUEL HELFT - The New York Times

Income Falls as Whole Foods Suspends Dividend

Whole Foods said its net income dropped more than 30 percent due to costs related to its proposed acquisition of Wild Oats and the slowdown in consumer spending. Read more..

By ANDREW MARTIN - The New York Times

Lower Oil Prices Ignite Big Rally; Dow Is Up by 331

Oil prices touched a three-month low, sending stocks soaring, while the Fed decided to keep its key rate steady. Read more..

By MICHAEL M. GRYNBAUM and LOUIS UCHITELLE - The New York Times

Profit Falls at French Bank Hit by Trading Scandal

Société Générale, which lost nearly $7.2 billion in a trading scandal this year, said quarterly net profit fell 63 percent, on write-downs and after its investment banking unit posted a loss. Read more..

By MATTHEW SALTMARSH - The New York Times

Russian Gang Hijacking PCs in Vast Scheme

The gang has infected thousands of PCs in corporate and government networks with programs that steal passwords and other information, a security researcher has found. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 23,91 24,25 23,46 23,93 122M
Microsoft MSFT 26,73 27,16 26,38 27,02 95.6M
Intel INTC 22,92 23,03 22,46 22,80 49.9M
Oracle Corp. ORCL 22,08 22,91 22,03 22,86 42.9M
Wells Fargo & Co. WFC 30,80 30,97 30,10 30,31 42.2M
Pfizer PFE 19,42 19,54 19,21 19,43 41.8M
General Electric GE 29,17 29,18 28,73 29,00 38.9M
JPMorgan Chase JPM 41,35 42,27 40,34 41,39 33M
ExxonMobil XOM 78,50 78,65 77,24 78,33 30.8M
Apple AAPL 159,97 167,40 158,00 164,19 28.3M
AT&T Inc. T 30,90 31,39 30,45 30,87 25M
Wal-Mart Stores WMT 60,17 61,00 59,70 60,76 23.8M
Chevron CVX 82,38 84,82 82,01 84,56 19.5M
Johnson & Johnson JNJ 70,35 71,49 70,08 71,07 18.7M
Comcast CMCSA 21,54 21,56 20,95 21,24 17.6M
Altria MO 21,08 21,47 20,99 21,24 17.1M
Home Depot HD 24,50 25,00 24,40 24,90 15.1M
ConocoPhillips COP 79,74 81,55 79,68 81,39 14.9M
Abbott Laboratories ABT 58,44 59,14 58,34 58,78 14.9M
Verizon Communications VZ 34,49 34,62 33,96 34,24 13.8M
Merck MRK 34,64 35,56 34,50 35,30 13.8M
Procter & Gamble PG 67,95 68,12 67,29 67,77 13M
Walt Disney & Co. DIS 31,13 31,62 30,84 31,42 12.8M
Bristol-Myers Squibb BMY 21,96 22,11 21,59 21,89 12.3M
HP Inc. HPQ 44,78 45,48 44,63 45,15 12.2M
Amgen AMGN 62,88 63,71 62,66 63,49 11.6M
Visa V 72,80 72,81 71,07 71,48 10.2M
Coca-Cola KO 54,87 55,48 54,60 55,36 10.2M
UnitedHealth Group UNH 30,41 30,41 29,36 29,86 9.77M
McDonald's MCD 61,90 62,42 61,42 62,14 9.69M
Gilead Sciences GILD 54,80 56,75 54,60 56,03 8.91M
Schlumberger SLB 96,18 97,91 94,75 97,45 8.54M
United Technologies UTX 65,39 66,74 64,92 66,55 7.15M
Alphabet GOOGL 478,37 489,77 472,51 486,34 6.74M
Amazon AMZN 78,63 78,63 76,73 78,09 6.41M
International Business Machines IBM 128,45 129,50 127,75 129,16 6.25M
Boeing BA 64,90 66,02 64,00 65,40 6.24M
Pepsico PEP 68,46 68,54 67,96 68,54 5.15M
3M MMM 71,75 72,08 70,84 71,81 3.93M
Union Pacific UNP 81,96 82,44 81,20 82,05 3.33M
Berkshire Hathaway BRK.B 3858,00 3878,00 3817,00 3878,00 16K
Exchange Rates of August 06, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 109,590 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,048 CAD 1 CAD = 0,954 USD
US Dollar Swiss Franc 1 USD = 1,059 CHF 1 CHF = 0,944 USD
US Dollar Chinese Yuan 1 USD = 6,848 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 168,920 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,791 GBP 1 GBP = 1,264 EUR
Euro Australian Dollar 1 EUR = 1,695 AUD 1 AUD = 0,590 EUR
Euro Canadian Dollar 1 EUR = 1,615 CAD 1 CAD = 0,619 EUR
Euro Swiss Franc 1 EUR = 1,633 CHF 1 CHF = 0,612 EUR
Japanese Yen Pound Sterling 1 JPY = 0,468 GBP 1 GBP = 2,135 JPY
Japanese Yen Australian Dollar 1 JPY = 1,003 AUD 1 AUD = 0,997 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,956 CAD 1 CAD = 1,046 JPY
Japanese Yen Swiss Franc 1 JPY = 0,966 CHF 1 CHF = 1,035 JPY
Pound Sterling Australian Dollar 1 GBP = 2,142 AUD 1 AUD = 0,467 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,040 CAD 1 CAD = 0,490 GBP
Pound Sterling Swiss Franc 1 GBP = 2,062 CHF 1 CHF = 0,485 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,952 CAD 1 CAD = 1,051 AUD
Australian Dollar Swiss Franc 1 AUD = 0,962 CHF 1 CHF = 1,039 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,011 CHF 1 CHF = 0,990 CAD

See what else happened on August 06, 2008