Financial news on February 8th, 2008

Business and Financial news
Buffett Won’t Be Witness in Fraud Trial

HARTFORD (Bloomberg News) — Defense lawyers rested their case at the fraud trial of General Reinsurance executives accused of helping the American International Group mislead investors, without jurors hearing from the billionaire investor War... Read more..

By BLOOMBERG NEWS - The New York Times

Canada: Quarterly Turnaround at Airline

Air Canada reported fourth-quarter profit of 35 million Canadian dollars ($34.8 million), reversing a year-earlier loss, helped by a stronger Canadian dollar and higher domestic demand. Net income was 35 cents a share, the airline said. A year ear... Read more..

By BLOOMBERG NEWS - The New York Times

Court Bars Sale of Billions in Oil Assets by Venezuela

The oil giant won court orders freezing as much as $12 billion in petroleum assets controlled by Venezuela’s government. Read more..

By SIMON ROMERO - The New York Times

Deutsche Bank Escapes Subprime Losses

The bank said it did not suffer any subprime-related losses in the fourth quarter of 2007, though the turbulent markets did affect overall profits. Read more..

By MARK LANDLER - The New York Times

Former Trader at French Bank Is Ordered Jailed

A Paris court ordered that Jérôme Kerviel, the former trader who Société Générale says cost it more than $7 billion, be jailed during the investigation and any eventual trial. Read more..

By NICOLA CLARK and KATRIN BENNHOLD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT28.2929.0828.2428.56125M
Cisco SystemsCSCO23.2623.7523.0023.5495.3M
IntelINTC19.9620.3319.9520.2754.2M
AppleAAPL122.08125.70121.60125.4848.4M
General ElectricGE34.1434.1933.5433.8441M
Oracle Corp.ORCL19.1619.3918.9419.1938.1M
Wells Fargo & Co.WFC30.3630.4729.0529.4834.9M
PfizerPFE22.6522.6722.1822.3030.3M
AT&T Inc.T36.7337.0036.0036.3727.8M
ComcastCMCSA17.4017.4416.8117.0626.7M
JPMorgan ChaseJPM44.6544.9643.2643.8226.1M
ExxonMobilXOM81.6182.4080.9681.7124.2M
Wal-Mart StoresWMT49.6750.1048.6448.7622.5M
HP Inc.HPQ40.8442.2040.5641.8822.5M
Verizon CommunicationsVZ36.7537.0335.8536.4220M
Home DepotHD28.3028.5927.7027.9715.9M
Walt Disney & Co.DIS31.7532.3031.6132.1215.2M
ConocoPhillipsCOP74.5275.7474.2775.3815.1M
MerckMRK45.5045.7044.2744.5313.9M
AlphabetGOOGL509.41517.73508.70516.6913.6M
Johnson & JohnsonJNJ62.5663.1961.9462.0313.3M
McDonald'sMCD54.8956.4154.8155.6412.9M
AmgenAMGN46.2747.1846.2346.5612.3M
Abbott LaboratoriesABT57.7357.9056.5056.8011.9M
AmazonAMZN73.4074.6072.5273.5011.7M
SchlumbergerSLB76.5277.9875.7877.3710.2M
Bristol-Myers SquibbBMY23.2323.9622.9023.0710.2M
Coca-ColaKO59.0959.7858.9959.2510.1M
Procter & GamblePG65.5565.7564.8565.029.27M
AltriaMO73.8574.0073.0173.098.91M
ChevronCVX79.2979.4878.3979.268.28M
Gilead SciencesGILD44.1444.6643.6944.537.05M
International Business MachinesIBM102.34103.67102.07103.276.09M
PepsicoPEP70.3870.5669.5069.816.04M
UnitedHealth GroupUNH48.8648.8647.5948.205.97M
United TechnologiesUTX71.2272.0970.8371.355M
BoeingBA79.4880.1478.8179.334.34M
3MMMM78.8579.1977.8278.562.82M
Union PacificUNP123.61126.91123.10125.352.57M
Berkshire HathawayBRK.B4583.004611.004550.004592.0014.1K
Exchange Rates of February 8th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107.360 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.000 CAD1 CAD = 1.000 USD
US DollarSwiss Franc1 USD = 1.102 CHF1 CHF = 0.908 USD
EuroJapanese Yen1 EUR = 155.720 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.745 GBP1 GBP = 1.342 EUR
EuroAustralian Dollar1 EUR = 1.619 AUD1 AUD = 0.618 EUR
EuroCanadian Dollar1 EUR = 1.451 CAD1 CAD = 0.689 EUR
EuroSwiss Franc1 EUR = 1.598 CHF1 CHF = 0.626 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 = 2.172 AUD1 AUD = 0.460 GBP
Pound SterlingCanadian Dollar1 GBP = 1.946 CAD1 CAD = 0.514 GBP
Pound SterlingSwiss Franc1 GBP = 2.144 CHF1 CHF = 0.466 GBP
Australian DollarCanadian Dollar1 AUD = 0.896 CAD1 CAD = 1.117 AUD
Australian DollarSwiss Franc1 AUD = 0.987 CHF1 CHF = 1.013 AUD
Canadian DollarSwiss Franc1 CAD = 1.095 CHF1 CHF = 0.914 CAD

See what else happened on February 8th, 2008