Financial news on August 06, 2010

Business and Financial news
Asians Find Attractive Buys in Britain and the U.S.

Low prices and weak currencies are drawing Asian buyers, with one report crediting them with 49% of all recent investment purchases in London. Read more..

By ALEX FREW McMILLAN - International Herald Tribune

BofA Wants Out of Secret U.S. Sanction

Bank of America is angling to be released from a confidential memorandum of understanding that was imposed by American regulators during the financial crisis, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Canadian Finance Chief’s So-Called Problem

In a world of deepening fiscal deficits, Finance Minister Jim Flaherty of Canada has a rare problem: His country’s strong economy is pushing up the currency. Read more..

By DEALBOOK - The New York Times

Carlyle Enlists Food-Safety Experts Ahead of Potential Yashili I.P.O.

Carlyle has enlisted safety experts to help Yashili Group increase consumer confidence following China’s recent food safety scandals. The Wall Street Journal reported that the Chinese baby-formula maker, in which Carlyle has a stake, is also preparing for an initial public offering. Read more..

By DEALBOOK - The New York Times

Caveat Emptor, Continued

Wall Street banks that put together mortgage securities are resisting changes that might convince investors they are safe. Read more..

By FLOYD NORRIS - The New York Times

Despite Industry Skepticism, South Korea and China Are Said to Plan Trade Talks

The countries have been studying the issue and want to double their trade by 2015. The negotiations could lead to a three-nation trade zone with Japan. Read more..

By MICHAEL WINES and CHOE SANG-HUN - The New York Times

Lower Prices Hurt Beazer, and It Misses Forecasts

The home builder’s price cuts hurt profits, but its loss narrowed slightly from a year ago. Read more..

By REUTERS - The New York Times

Old Mutual Sells U.S. Life Insurance Unit to Harbinger

Old Mutual, Africa’s biggest insurer, rose to the highest in more than two years in London trading after announcing a return to profit and the sale of its American life-insurance unit to Harbinger Capital Partners for $350 million. Read more..

By DEALBOOK - The New York Times

Revenue at Viacom Remains the Same, but Cost-Cutting Helps Lift Profit

The company posted a $420 million profit in the latest quarter, partly because of revenue growth at its cable channels. Read more..

By BRIAN STELTER - The New York Times

U.S. Changes Plan for Capturing Emissions From Coal

Dropping a previous proposal, the government said it would contribute $737 million to remake an obsolete oil-burning plant in Meredosia, Ill. Read more..

By MATTHEW L. WALD - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16,32 16,45 16,09 16,45 59M
Microsoft MSFT 25,18 25,56 25,02 25,55 56M
Pfizer PFE 16,06 16,28 16,00 16,24 51.6M
Intel INTC 20,45 20,81 20,41 20,65 50.8M
Comcast CMCSA 18,74 18,76 17,97 18,64 43.7M
Cisco Systems CSCO 23,92 24,17 23,60 24,07 40.4M
Wells Fargo & Co. WFC 27,49 27,77 27,24 27,75 38.6M
JPMorgan Chase JPM 40,74 40,95 39,97 40,44 34.9M
Oracle Corp. ORCL 24,01 24,40 23,90 24,38 33.7M
HP Inc. HPQ 45,97 46,32 41,85 41,85 29.3M
AT&T Inc. T 26,53 26,65 26,23 26,54 26.4M
ExxonMobil XOM 61,92 62,50 61,25 61,97 23.1M
Abbott Laboratories ABT 49,71 50,68 49,71 50,57 16.7M
Apple AAPL 259,78 261,49 257,63 260,09 15.9M
Verizon Communications VZ 29,40 29,57 29,19 29,55 13.1M
ConocoPhillips COP 57,04 57,54 56,24 56,93 12.9M
Procter & Gamble PG 59,50 60,04 59,17 60,02 12.6M
Merck MRK 34,82 35,00 34,50 34,98 11.7M
Home Depot HD 28,53 28,68 28,21 28,68 11.4M
Gilead Sciences GILD 35,69 35,87 35,30 35,82 11.3M
Altria MO 22,25 22,55 22,17 22,54 10.4M
Coca-Cola KO 56,10 56,79 55,65 56,75 9.05M
Chevron CVX 78,23 79,02 77,81 78,73 8.99M
Bristol-Myers Squibb BMY 26,29 26,45 26,05 26,37 8.77M
Johnson & Johnson JNJ 59,52 60,00 59,25 59,96 8.52M
Wal-Mart Stores WMT 51,42 51,79 51,11 51,79 8.27M
Walt Disney & Co. DIS 34,58 35,09 34,39 35,00 8.06M
UnitedHealth Group UNH 33,08 33,55 32,96 33,45 7.48M
Schlumberger SLB 62,76 63,29 61,43 62,34 7.15M
McDonald's MCD 70,16 71,80 70,02 71,74 6.78M
Alphabet GOOGL 505,40 505,74 496,05 500,22 6.63M
International Business Machines IBM 130,41 130,48 128,76 130,14 6.14M
Berkshire Hathaway BRK.B 80,19 80,74 78,81 80,47 5.51M
Pepsico PEP 65,13 65,97 65,13 65,90 5.5M
Amazon AMZN 126,72 128,40 125,90 128,32 5.07M
Visa V 71,15 72,20 70,86 72,14 4.84M
Boeing BA 68,03 68,72 67,36 68,70 4.5M
Amgen AMGN 54,71 56,00 54,52 55,94 3.47M
United Technologies UTX 72,40 73,21 71,68 72,73 3.21M
Union Pacific UNP 76,29 77,50 75,50 77,04 2.83M
3M MMM 86,81 87,54 86,02 87,29 2.7M
Exchange Rates of August 06, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85,500 JPY 1 JPY = 0,012 USD
US Dollar Canadian Dollar 1 USD = 1,026 CAD 1 CAD = 0,974 USD
US Dollar Swiss Franc 1 USD = 1,039 CHF 1 CHF = 0,963 USD
US Dollar Chinese Yuan 1 USD = 6,769 CNY 1 CNY = 0,148 USD
Euro Japanese Yen 1 EUR = 113,540 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,833 GBP 1 GBP = 1,200 EUR
Euro Australian Dollar 1 EUR = 1,446 AUD 1 AUD = 0,692 EUR
Euro Canadian Dollar 1 EUR = 1,364 CAD 1 CAD = 0,733 EUR
Euro Swiss Franc 1 EUR = 1,379 CHF 1 CHF = 0,725 EUR
Euro Chinese Yuan 1 EUR = 8,995 CNY 1 CNY = 0,111 EUR
Japanese Yen Pound Sterling 1 JPY = 0,733 GBP 1 GBP = 1,364 JPY
Japanese Yen Australian Dollar 1 JPY = 1,273 AUD 1 AUD = 0,786 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,201 CAD 1 CAD = 0,833 JPY
Japanese Yen Swiss Franc 1 JPY = 1,215 CHF 1 CHF = 0,823 JPY
Pound Sterling Australian Dollar 1 GBP = 1,733 AUD 1 AUD = 0,577 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,636 CAD 1 CAD = 0,611 GBP
Pound Sterling Swiss Franc 1 GBP = 1,656 CHF 1 CHF = 0,604 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,783 CNY 1 CNY = 0,093 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,942 CAD 1 CAD = 1,062 AUD
Australian Dollar Swiss Franc 1 AUD = 0,954 CHF 1 CHF = 1,048 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,215 CNY 1 CNY = 0,161 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,010 CHF 1 CHF = 0,990 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,592 CNY 1 CNY = 0,152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,515 CNY 1 CNY = 0,153 CHF

See what else happened on August 06, 2010