Financial news on August 6th, 2012

Business and Financial news
3 Ads Warn About Budget Cuts for Children’s Programs

A new campaign for the Children’s Defense Fund uses social media to focus on the costs of trimming government-financed initiatives for children. Read more..

By JANE L. LEVERE - The New York Times

Business Day Live | Nissan's Lesson

August 6, 2012 - Readers respond to the migration of jobs from Nissan to the United States. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Esther Kartiganer, a Force as a ‘60 Minutes’ Producer, Dies at 74

Esther Kartiganer, producer at CBS' 60 Minutes, dies at age 74. Read more..

By DENNIS HEVESI - The New York Times

Guided by Lucky Magazine, Shopping Will Soon Require Less Clicking

Style and shopping magazine Lucky will introduce a site on Aug 17 that will direct readers to buy clothing and accessories directly from more than a dozen retailers, instead of switching to their sites. Read more..


Looking for Workers Who Don't Have All the Answers

James Dyson, founder of the British maker of vacuum cleaners and hand dryers that bears his name, says the thing one should not rely on is experience, because situations always change. Read more..

By JULIA WERDIGIER - International Herald Tribune

Media Firm's Olympic Moment to Come After Medals Are Awarded

Marco Balich is the executive director of the ceremony to transfer the Olympic flag to the host of the next Summer Games, Rio de Janeiro. Read more..


Novartis and Penn Unite on New Anticancer Path

Drugmaker Novartis and University of Pennsylvania announce research and licensing agreement that seeks to build on the promising results of an experimental treatment that trains a person's immune system to kill cancer cells. Read more..

By KATIE THOMAS - The New York Times

Popular Solutions Are Not the Right Fix for the Financial World

The financial industry has made a mockery of capitalism. But wholesale management changes and breaking up banks are not the best options. Read more..

By HUGO DIXON | REUTERS - International Herald Tribune

Study Questions Risk of S.E.C. Revolving Door

Research by a group of accounting professors shows that the revolving door, symbolic portal that executives and lawyers pass through on their way to government posts and back again to the private sector, actually toughens enforcement results at the Securities and Exchange Commission; finding is the opposite of what government critics have maintained Read more..

By EDWARD WYATT - The New York Times

Zillow and Other Sites Broaden Their Mission to Include Businesses

Zillow, online real estate information service, is among an increasing number of Internet companies trying to cater to businesses as well as consumers; the firms hope to tap potentially rich new sources of revenue, which could make them more attractive to investors. Read more..

By NICK WINGFIELD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE20.9721.1820.9020.9734.2M
Cisco SystemsCSCO16.4916.8316.4616.6932.1M
JPMorgan ChaseJPM36.2436.8036.1136.3019M
Oracle Corp.ORCL30.9231.2530.7831.0018.7M
Wells Fargo & Co.WFC34.4534.5633.9934.0017M
AT&T Inc.T37.5837.9837.5737.6116.4M
HP Inc.HPQ18.2918.8218.2318.6915.3M
Bristol-Myers SquibbBMY32.7832.8232.5332.5911.5M
Procter & GamblePG65.2366.2465.2065.8110M
Verizon CommunicationsVZ44.6544.8844.5044.699.58M
Johnson & JohnsonJNJ69.1869.3468.7868.848.72M
Home DepotHD52.4152.7451.9452.007.47M
Abbott LaboratoriesABT66.7066.8366.3566.376.78M
Walt Disney & Co.DIS49.9750.0049.6549.656.35M
General MotorsGM20.0520.1019.7619.856.21M
Wal-Mart StoresWMT74.9274.9274.2874.286.12M
Gilead SciencesGILD56.9557.7356.7457.645.74M
UnitedHealth GroupUNH51.8652.0850.9751.004.98M
United TechnologiesUTX77.2277.6876.6276.653.36M
Berkshire HathawayBRK.B86.0186.0185.0985.153.3M
International Business MachinesIBM198.76199.94198.52198.762.34M
Union PacificUNP125.11125.20123.37123.391.32M
Exchange Rates of August 6th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 78.210 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.000 CAD1 CAD = 1.000 USD
US DollarSwiss Franc1 USD = 0.969 CHF1 CHF = 1.032 USD
US DollarChinese Yuan1 USD = 6.374 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 97.010 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.795 GBP1 GBP = 1.259 EUR
EuroAustralian Dollar1 EUR = 1.174 AUD1 AUD = 0.852 EUR
EuroCanadian Dollar1 EUR = 1.240 CAD1 CAD = 0.806 EUR
EuroSwiss Franc1 EUR = 1.201 CHF1 CHF = 0.833 EUR
EuroChinese Yuan1 EUR = 7.902 CNY1 CNY = 0.127 EUR
Japanese YenPound Sterling1 JPY = 0.819 GBP1 GBP = 1.221 JPY
Japanese YenAustralian Dollar1 JPY = 1.209 AUD1 AUD = 0.827 JPY
Japanese YenCanadian Dollar1 JPY = 1.278 CAD1 CAD = 0.783 JPY
Japanese YenSwiss Franc1 JPY = 1.238 CHF1 CHF = 0.808 JPY
Pound SterlingAustralian Dollar1 GBP = 1.476 AUD1 AUD = 0.677 GBP
Pound SterlingCanadian Dollar1 GBP = 1.560 CAD1 CAD = 0.641 GBP
Pound SterlingSwiss Franc1 GBP = 1.511 CHF1 CHF = 0.662 GBP
Pound SterlingChinese Yuan1 GBP = 9.943 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 1.057 CAD1 CAD = 0.946 AUD
Australian DollarSwiss Franc1 AUD = 1.023 CHF1 CHF = 0.977 AUD
Australian DollarChinese Yuan1 AUD = 6.736 CNY1 CNY = 0.148 AUD
Canadian DollarSwiss Franc1 CAD = 0.968 CHF1 CHF = 1.033 CAD
Canadian DollarChinese Yuan1 CAD = 6.373 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.577 CNY1 CNY = 0.152 CHF

See what else happened on August 6th, 2012