Financial news on August 08, 2012

Business and Financial news
Business Day Live | August 8, 2012

What the Starbucks partnership with Square will mean for cash. | Ultrarich in France consider exodus over tax proposal. | Charging companies with fraud, but sparing individuals. Read more..

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

Church of England Sells News Corp. Stake Over Hacking

The church, which owned nearly $3 million in shares, said it had wanted the company to separate the jobs of chairman and chief executive, which are both held by Rupert Murdoch. Read more..

By ERIC PFANNER - International Herald Tribune

DreamWorks Animation Plans Shanghai Entertainment District

DreamWorks Animation SKG announces plans to develop a $3.1 billion cultural and entertainment district in Shanghai with a group of Chinese partners; the $3.1 billion Dream Center, a riverfront complex that is expected to cover six large city blocks, has ambitions to rival the Broadway theater district and the West End in London. Read more..

By DAVID BARBOZA and BROOKS BARNES - The New York Times

Economy Slumps in Italy and Germany

Italy’s economy shrank again in the second quarter, official data showed, and orders for German machinery declined sharply. Read more..

By DAVID JOLLY - International Herald Tribune

In Columbus, Ohio, an Arts Belt Is Thriving

Short North neighborhood in Columbus, Ohio, is thriving with an eclectic cultural scene, and new development that barely slowed during the recession; transformation of the area began in the 1980s. Read more..

By JAMIE DUFFY - The New York Times

In London, Censure of an Elite Bank Draws Harrumphs

British authorities are circling the wagons around Standard Chartered bank, accused in New York of money laundering. Read more..

By LANDON THOMAS Jr - The New York Times

J. Crew Wants to Reconnect With Its Base

Elizabeth Olson Advertising column highlights J Crew ad campaign. Read more..

By ELIZABETH OLSON - The New York Times

Pfizer Settles U.S. Charges of Bribing Doctors Abroad

Securities and Exchange Commission announces that it has reached a $45 million settlement with Pfizer to resolve charges that subsidiaries of Pfizer and Wyeth bribed overseas doctors and other health care workers to increase sales of their drugs; announcement comes as the Justice Department announces that another Pfizer subsidiary has agreed to pay $15 million to settle similar charges. Read more..

By KATIE THOMAS - The New York Times

Starbucks and Square to Team Up

Mobile payment start-up Square forms a partnership with the Starbucks Coffee Company in which it will begin processing all credit and debit card transaction at all United States stores; Starbucks's adoption of the technology will likely catapult mobile payments into the mainstream. Read more..

By CLAIRE CAIN MILLER - The New York Times

William Procida

Vivian Marino 30-Minute Interview with Procida Funding and Advisors president William Procida; business provides real estate services, including financing and investment funds, and is best know for development work in the South Bronx. Read more..

By VIVIAN MARINO - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
HP Inc. HPQ 19.48 19.75 19.24 19.41 45M
General Electric GE 21.05 21.09 20.90 21.01 32.3M
Pfizer PFE 23.71 23.90 23.70 23.83 30.3M
Facebook FB 20.71 21.15 20.22 20.72 29.5M
Intel INTC 26.48 26.74 26.30 26.60 27M
Microsoft MSFT 30.21 30.47 30.11 30.33 26.3M
Cisco Systems CSCO 17.04 17.16 16.86 17.16 24.8M
AT&T Inc. T 37.33 37.51 37.03 37.43 22.4M
Oracle Corp. ORCL 31.34 31.81 31.07 31.16 22.4M
JPMorgan Chase JPM 36.85 37.48 36.75 37.16 18.7M
Walt Disney & Co. DIS 49.36 50.65 49.05 50.49 14.7M
McDonald's MCD 86.87 87.98 86.15 87.53 14.4M
Bristol-Myers Squibb BMY 32.54 32.54 32.00 32.10 13.5M
Comcast CMCSA 34.52 34.65 34.12 34.51 13.4M
ExxonMobil XOM 87.75 88.50 87.68 88.28 12.9M
Wells Fargo & Co. WFC 33.63 33.95 33.48 33.82 12.4M
Merck MRK 43.98 44.27 43.83 44.06 10.8M
Verizon Communications VZ 44.33 44.47 44.07 44.18 10.5M
ConocoPhillips COP 56.03 57.35 56.03 57.17 10M
Procter & Gamble PG 66.01 66.80 65.96 66.72 9.67M
Apple AAPL 619.39 623.88 617.10 619.86 8.74M
Altria MO 34.81 35.10 34.61 35.01 8.5M
Abbott Laboratories ABT 65.93 66.19 65.73 65.90 8.28M
Schlumberger SLB 72.93 73.85 72.78 73.66 6.9M
Wal-Mart Stores WMT 73.65 74.51 73.43 74.31 6.58M
Johnson & Johnson JNJ 68.29 68.56 68.22 68.35 6.57M
UnitedHealth Group UNH 52.30 52.91 51.91 52.73 5.72M
Chevron CVX 111.50 112.64 111.36 112.14 5.44M
Home Depot HD 52.13 52.85 51.95 52.79 5.4M
General Motors GM 20.14 20.45 20.05 20.38 4.7M
Coca-Cola KO 79.71 80.00 79.36 79.56 4.4M
Gilead Sciences GILD 56.98 57.27 56.50 56.82 4.32M
Pepsico PEP 72.09 72.70 72.05 72.57 3.52M
Boeing BA 74.03 74.69 74.01 74.60 3.41M
Amgen AMGN 81.16 81.93 81.12 81.37 3.37M
United Technologies UTX 78.06 78.46 77.24 77.48 3.2M
Berkshire Hathaway BRK.B 84.30 84.85 84.29 84.65 2.85M
Alphabet GOOGL 639.05 645.87 638.50 642.23 2.64M
International Business Machines IBM 198.27 199.69 198.16 199.03 2.07M
3M MMM 91.48 92.08 91.25 91.63 2.02M
Visa V 130.78 131.52 130.40 131.15 1.99M
Union Pacific UNP 123.22 123.39 121.55 122.00 1.8M
Amazon AMZN 235.29 236.45 233.59 234.38 1.53M
Exchange Rates of August 08, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 78.420 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.995 CAD 1 CAD = 1.005 USD
US Dollar Swiss Franc 1 USD = 0.972 CHF 1 CHF = 1.029 USD
US Dollar Chinese Yuan 1 USD = 6.362 CNY 1 CNY = 0.157 USD
Euro Japanese Yen 1 EUR = 96.980 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.790 GBP 1 GBP = 1.266 EUR
Euro Australian Dollar 1 EUR = 1.169 AUD 1 AUD = 0.855 EUR
Euro Canadian Dollar 1 EUR = 1.230 CAD 1 CAD = 0.813 EUR
Euro Swiss Franc 1 EUR = 1.201 CHF 1 CHF = 0.833 EUR
Euro Chinese Yuan 1 EUR = 7.865 CNY 1 CNY = 0.127 EUR
Japanese Yen Pound Sterling 1 JPY = 0.814 GBP 1 GBP = 1.229 JPY
Japanese Yen Australian Dollar 1 JPY = 1.205 AUD 1 AUD = 0.830 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.268 CAD 1 CAD = 0.789 JPY
Japanese Yen Swiss Franc 1 JPY = 1.238 CHF 1 CHF = 0.808 JPY
Pound Sterling Australian Dollar 1 GBP = 1.481 AUD 1 AUD = 0.675 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.557 CAD 1 CAD = 0.642 GBP
Pound Sterling Swiss Franc 1 GBP = 1.521 CHF 1 CHF = 0.658 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.962 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.051 CAD 1 CAD = 0.951 AUD
Australian Dollar Swiss Franc 1 AUD = 1.027 CHF 1 CHF = 0.974 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.727 CNY 1 CNY = 0.149 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.976 CHF 1 CHF = 1.024 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.397 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.547 CNY 1 CNY = 0.153 CHF

See what else happened on August 08, 2012