Financial news on February 06, 2008

Business and Financial news
A Plan to Open a 1980 Gehry Mall Design to the Air

Frank Gehry’s problematic Santa Monica, Calif., shopping mall won’t be razed, but it’s losing its roof. Read more..

By TERRY PRISTIN - The New York Times

BHP Billiton Launches Hostile Bid for Rio Tinto

The battle over Rio Tinto intensified after BHP Billiton increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week. Read more..

By JULIA WERDIGIER - The New York Times

BP Misses Estimates and Plans More Job Cuts

The British oil giant said it would cut an additional 5,000 jobs by the middle of next year in an effort to slim management and make the company more efficient. Read more..

By JULIA WERDIGIER - The New York Times

Cisco Profit Up, but Shares Fall on Cautious Outlook

The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year. Read more..

By LAURIE J. FLYNN - The New York Times

French Trader Says He Won’t Be Made a Scapegoat

In brief remarks to photographers, Jérôme Kerviel said that while he took responsibility for booking billions of euros in fictitious trades, he was “singled out” by Société Générale. Read more..

By NICOLA CLARK - The New York Times

Germany: Truck Maker’s Profit Rises 33%

The German truck maker MAN said its profit increased by 33 percent in the fourth quarter, powered by strong demand for its commercial vehicles, and forecast that earnings would continue to rise this year. MAN, which is based in Munich, said it ear... Read more..

By AP - The New York Times

Monsanto Seed Approved by 3 Countries

The Monsanto Company said Japan, the Philippines and Taiwan had approved imports of its first new genetically modified soybeans in more than a decade. The seeds, Roundup Ready 2 Yield, increase yields by 7 percent to 11 percent compared with the f... Read more..

By BLOOMBERG NEWS - The New York Times

S.E.C. Fines 4 for Trades Involving Dow Jones

A former Dow Jones & Company director and three associates will pay more than $24 million to settle charges that they traded illegally on inside knowledge of the News Corporation’s takeover of Dow Jones. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Spain: Industrial Production Declines Sharply

Industrial production in Spain posted the biggest contraction in more than five years in December as slower European growth curbed demand for Spanish goods. Production at factories, farms and mines fell 2.4 percent from a year earlier after adjust... Read more..

By BLOOMBERG NEWS - The New York Times

Ukraine Joins the W.T.O.

Ukraine joined the World Trade Organization on Tuesday after 14 years of negotiations, a milestone for the former Soviet republic. Read more..

By ANDREW E. KRAMER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.4324.0223.0623.08142M
Oracle Corp.ORCL19.5420.0919.4019.6850.4M
General ElectricGE34.5034.6234.0034.2037.9M
Walt Disney & Co.DIS31.9032.1831.1031.5031.2M
Wells Fargo & Co.WFC30.7930.9929.7530.0830.6M
Wal-Mart StoresWMT49.7050.0348.5148.8328.5M
JPMorgan ChaseJPM44.2744.7443.2743.7227.3M
Home DepotHD28.2828.9727.5927.6523.8M
AT&T Inc.T37.0637.1236.3136.4023.2M
Abbott LaboratoriesABT57.8158.4056.9157.7318.8M
HP Inc.HPQ43.2043.4542.0642.1618.6M
Bristol-Myers SquibbBMY23.6424.0223.5023.8216.5M
Verizon CommunicationsVZ36.8537.3036.5736.7013.9M
Procter & GamblePG65.3565.4664.8165.3113.8M
Johnson & JohnsonJNJ63.2063.3762.7863.059.56M
Gilead SciencesGILD44.7945.9644.6144.879.5M
International Business MachinesIBM105.05106.49103.58103.598.27M
UnitedHealth GroupUNH49.6449.8149.2849.386.43M
United TechnologiesUTX72.7072.9471.7071.874.7M
Union PacificUNP123.89125.22122.28123.141.79M
Berkshire HathawayBRK.B4560.004577.004481.004540.0012.1K
Exchange Rates of February 06, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.590 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.006 CAD1 CAD = 0.994 USD
US DollarSwiss Franc1 USD = 1.098 CHF1 CHF = 0.910 USD
US DollarChinese Yuan1 USD = 7.188 CNY1 CNY = 0.139 USD
EuroJapanese Yen1 EUR = 155.900 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.746 GBP1 GBP = 1.341 EUR
EuroAustralian Dollar1 EUR = 1.630 AUD1 AUD = 0.613 EUR
EuroCanadian Dollar1 EUR = 1.472 CAD1 CAD = 0.680 EUR
EuroSwiss Franc1 EUR = 1.607 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.477 GBP1 GBP = 2.095 JPY
Japanese YenAustralian Dollar1 JPY = 1.037 AUD1 AUD = 0.964 JPY
Japanese YenCanadian Dollar1 JPY = 0.934 CAD1 CAD = 1.071 JPY
Japanese YenSwiss Franc1 JPY = 1.022 CHF1 CHF = 0.978 JPY
Pound SterlingAustralian Dollar1 GBP = 2.186 AUD1 AUD = 0.458 GBP
Pound SterlingCanadian Dollar1 GBP = 1.973 CAD1 CAD = 0.507 GBP
Pound SterlingSwiss Franc1 GBP = 2.154 CHF1 CHF = 0.464 GBP
Australian DollarCanadian Dollar1 AUD = 0.902 CAD1 CAD = 1.108 AUD
Australian DollarSwiss Franc1 AUD = 0.985 CHF1 CHF = 1.015 AUD
Canadian DollarSwiss Franc1 CAD = 1.095 CHF1 CHF = 0.914 CAD

See what else happened on February 06, 2008