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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 23.43 24.02 23.06 23.08 142M
Microsoft MSFT 29.28 29.35 28.29 28.52 138M
Intel INTC 20.14 20.43 19.90 19.92 73.3M
Apple AAPL 130.83 131.92 121.77 122.00 56.2M
Oracle Corp. ORCL 19.54 20.09 19.40 19.68 50.4M
Pfizer PFE 22.94 23.03 22.58 22.59 42.3M
General Electric GE 34.50 34.62 34.00 34.20 37.9M
Walt Disney & Co. DIS 31.90 32.18 31.10 31.50 31.2M
Wells Fargo & Co. WFC 30.79 30.99 29.75 30.08 30.6M
ExxonMobil XOM 82.51 83.07 81.09 81.44 29.2M
Wal-Mart Stores WMT 49.70 50.03 48.51 48.83 28.5M
JPMorgan Chase JPM 44.27 44.74 43.27 43.72 27.3M
Home Depot HD 28.28 28.97 27.59 27.65 23.8M
AT&T Inc. T 37.06 37.12 36.31 36.40 23.2M
Comcast CMCSA 17.77 18.12 17.25 17.52 21.5M
ConocoPhillips COP 76.65 77.05 73.36 73.47 20M
Abbott Laboratories ABT 57.81 58.40 56.91 57.73 18.8M
HP Inc. HPQ 43.20 43.45 42.06 42.16 18.6M
Bristol-Myers Squibb BMY 23.64 24.02 23.50 23.82 16.5M
Merck MRK 46.10 46.42 44.81 45.71 16.3M
Alphabet GOOGL 511.14 511.17 497.93 501.71 15.3M
Chevron CVX 80.13 80.55 77.24 77.51 15.1M
Pepsico PEP 68.38 68.38 66.32 66.73 14.1M
Verizon Communications VZ 36.85 37.30 36.57 36.70 13.9M
Procter & Gamble PG 65.35 65.46 64.81 65.31 13.8M
Schlumberger SLB 77.60 77.76 74.73 74.86 13.1M
Amazon AMZN 72.30 72.43 68.17 68.49 12.4M
McDonald's MCD 54.04 54.19 53.53 53.73 11.6M
Johnson & Johnson JNJ 63.20 63.37 62.78 63.05 9.56M
Gilead Sciences GILD 44.79 45.96 44.61 44.87 9.5M
Altria MO 73.81 74.05 72.61 72.76 8.76M
Coca-Cola KO 57.90 58.19 57.57 57.71 8.41M
International Business Machines IBM 105.05 106.49 103.58 103.59 8.27M
Amgen AMGN 46.95 47.17 46.31 46.53 7.86M
UnitedHealth Group UNH 49.64 49.81 49.28 49.38 6.43M
Boeing BA 81.65 81.95 79.60 79.91 5.33M
United Technologies UTX 72.70 72.94 71.70 71.87 4.7M
3M MMM 79.47 79.94 78.81 79.18 3.87M
Union Pacific UNP 123.89 125.22 122.28 123.14 1.79M
Berkshire Hathaway BRK.B 4560.00 4577.00 4481.00 4540.00 12.1K
Exchange Rates of February 06, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 106.590 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.006 CAD 1 CAD = 0.994 USD
US Dollar Swiss Franc 1 USD = 1.098 CHF 1 CHF = 0.910 USD
US Dollar Chinese Yuan 1 USD = 7.188 CNY 1 CNY = 0.139 USD
Euro Japanese Yen 1 EUR = 155.900 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.746 GBP 1 GBP = 1.341 EUR
Euro Australian Dollar 1 EUR = 1.630 AUD 1 AUD = 0.613 EUR
Euro Canadian Dollar 1 EUR = 1.472 CAD 1 CAD = 0.680 EUR
Euro Swiss Franc 1 EUR = 1.607 CHF 1 CHF = 0.622 EUR
Japanese Yen Pound Sterling 1 JPY = 0.477 GBP 1 GBP = 2.095 JPY
Japanese Yen Australian Dollar 1 JPY = 1.037 AUD 1 AUD = 0.964 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.934 CAD 1 CAD = 1.071 JPY
Japanese Yen Swiss Franc 1 JPY = 1.022 CHF 1 CHF = 0.978 JPY
Pound Sterling Australian Dollar 1 GBP = 2.186 AUD 1 AUD = 0.458 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.973 CAD 1 CAD = 0.507 GBP
Pound Sterling Swiss Franc 1 GBP = 2.154 CHF 1 CHF = 0.464 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.902 CAD 1 CAD = 1.108 AUD
Australian Dollar Swiss Franc 1 AUD = 0.985 CHF 1 CHF = 1.015 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.095 CHF 1 CHF = 0.914 CAD

See what else happened on February 06, 2008