Financial news on February 08, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.29 29.08 28.24 28.56 125M
Cisco Systems CSCO 23.26 23.75 23.00 23.54 95.3M
Intel INTC 19.96 20.33 19.95 20.27 54.2M
Apple AAPL 122.08 125.70 121.60 125.48 48.4M
General Electric GE 34.14 34.19 33.54 33.84 41M
Oracle Corp. ORCL 19.16 19.39 18.94 19.19 38.1M
Wells Fargo & Co. WFC 30.36 30.47 29.05 29.48 34.9M
Pfizer PFE 22.65 22.67 22.18 22.30 30.3M
AT&T Inc. T 36.73 37.00 36.00 36.37 27.8M
Comcast CMCSA 17.40 17.44 16.81 17.06 26.7M
JPMorgan Chase JPM 44.65 44.96 43.26 43.82 26.1M
ExxonMobil XOM 81.61 82.40 80.96 81.71 24.2M
Wal-Mart Stores WMT 49.67 50.10 48.64 48.76 22.5M
HP Inc. HPQ 40.84 42.20 40.56 41.88 22.5M
Verizon Communications VZ 36.75 37.03 35.85 36.42 20M
Home Depot HD 28.30 28.59 27.70 27.97 15.9M
Walt Disney & Co. DIS 31.75 32.30 31.61 32.12 15.2M
ConocoPhillips COP 74.52 75.74 74.27 75.38 15.1M
Merck MRK 45.50 45.70 44.27 44.53 13.9M
Alphabet GOOGL 509.41 517.73 508.70 516.69 13.6M
Johnson & Johnson JNJ 62.56 63.19 61.94 62.03 13.3M
McDonald's MCD 54.89 56.41 54.81 55.64 12.9M
Amgen AMGN 46.27 47.18 46.23 46.56 12.3M
Abbott Laboratories ABT 57.73 57.90 56.50 56.80 11.9M
Amazon AMZN 73.40 74.60 72.52 73.50 11.7M
Schlumberger SLB 76.52 77.98 75.78 77.37 10.2M
Bristol-Myers Squibb BMY 23.23 23.96 22.90 23.07 10.2M
Coca-Cola KO 59.09 59.78 58.99 59.25 10.1M
Procter & Gamble PG 65.55 65.75 64.85 65.02 9.27M
Altria MO 73.85 74.00 73.01 73.09 8.91M
Chevron CVX 79.29 79.48 78.39 79.26 8.28M
Gilead Sciences GILD 44.14 44.66 43.69 44.53 7.05M
International Business Machines IBM 102.34 103.67 102.07 103.27 6.09M
Pepsico PEP 70.38 70.56 69.50 69.81 6.04M
UnitedHealth Group UNH 48.86 48.86 47.59 48.20 5.97M
United Technologies UTX 71.22 72.09 70.83 71.35 5M
Boeing BA 79.48 80.14 78.81 79.33 4.34M
3M MMM 78.85 79.19 77.82 78.56 2.82M
Union Pacific UNP 123.61 126.91 123.10 125.35 2.57M
Berkshire Hathaway BRK.B 4583.00 4611.00 4550.00 4592.00 14.1K
Exchange Rates of February 08, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 107.360 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.000 CAD 1 CAD = 1.000 USD
US Dollar Swiss Franc 1 USD = 1.102 CHF 1 CHF = 0.908 USD
Euro Japanese Yen 1 EUR = 155.720 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.745 GBP 1 GBP = 1.342 EUR
Euro Australian Dollar 1 EUR = 1.619 AUD 1 AUD = 0.618 EUR
Euro Canadian Dollar 1 EUR = 1.451 CAD 1 CAD = 0.689 EUR
Euro Swiss Franc 1 EUR = 1.598 CHF 1 CHF = 0.626 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 = 2.172 AUD 1 AUD = 0.460 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.946 CAD 1 CAD = 0.514 GBP
Pound Sterling Swiss Franc 1 GBP = 2.144 CHF 1 CHF = 0.466 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.896 CAD 1 CAD = 1.117 AUD
Australian Dollar Swiss Franc 1 AUD = 0.987 CHF 1 CHF = 1.013 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.095 CHF 1 CHF = 0.914 CAD

See what else happened on February 08, 2008