Financial news on August 9th, 2010

Business and Financial news
A Gamble on a Weekly That Paid Off

New York magazine was a success for Bruce Wasserstein, offering Sidney Harman a rough blueprint for reviving Newsweek. Read more..

By DAVID CARR - The New York Times

Big Rewards Could Trigger More Whistle-Blowing

Whistle-blowers looking for a potential multimillion-dollar payday could start coming out of the woodwork with alacrity thanks to tip-off incentives included within the Dodd-Frank financial reform act. Read more..

By DEALBOOK - The New York Times

BlackBerry Security Stance Sows Anxiety

Some countries want the same access to BlackBerry’s encrypted services that they think is already given to the United States and other industrialized democracies. Read more..

By MIGUEL HELFT and VIKAS BAJAJ - The New York Times

Division of Roles Could Help H.P.

H.P.’s board could use the departure of its chief executive as an opportunity to split the roles of chairman and chief executive, and set Hewlett on an better course. Read more..

By ROBERT CYRAN - The New York Times

Goldman Derivatives Said to Be Up to 35% of Revenue

Goldman Sachs has informed the Financial Crisis Inquiry Commission that 25 to 35 percent of its revenue was derived from the derivatives businesses, The Wall Street Journal said. Read more..

By DEALBOOK - The New York Times

In Crackdown on Energy Use, China to Shut 2,000 Factories

The government said it hoped to improve energy efficiency by closing some steel mills, cement works and other energy-intensive factories. Read more..

By KEITH BRADSHER - The New York Times

Insurance Companies Find There Is Money to Be Made in Green Technology

Insurers are bridging the gap between green intentions and actual capital outlays on renewable energy. Read more..

By JULIE MAKINEN - International Herald Tribune

Investor Appetite for Bonds in a Tepid Recovery Weighs on Rates

Rates of all sorts — mortgage, Treasury, certificates of deposit — are being driven lower, and not by the Fed. Read more..

By CHRISTINE HAUSER - The New York Times

Women Set the Pace as Online Gamers

Female gamers over 55 spend the most time online gaming of any demographic. Read more..

By TEDDY WAYNE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ43.4743.8442.4342.60201M
Cisco SystemsCSCO24.2124.8724.2024.7764M
General ElectricGE16.4216.4616.3016.3839.9M
JPMorgan ChaseJPM40.5540.5639.6639.8237.8M
Wells Fargo & Co.WFC27.9028.2727.5228.2329.2M
AT&T Inc.T26.6726.9626.5926.8622.4M
Oracle Corp.ORCL24.4024.5924.2424.2620.6M
Verizon CommunicationsVZ29.6930.0629.6229.8615.3M
Procter & GamblePG60.3960.8359.8660.3811.1M
Abbott LaboratoriesABT50.6350.9550.4350.889.38M
Gilead SciencesGILD36.0236.0535.6035.768.74M
Home DepotHD28.7728.9728.6828.708.35M
Wal-Mart StoresWMT51.8352.3451.8052.068.27M
Walt Disney & Co.DIS34.9635.2334.9035.167.81M
Bristol-Myers SquibbBMY26.3726.5426.3026.516.83M
Johnson & JohnsonJNJ60.0060.2559.7960.056.67M
International Business MachinesIBM130.79132.34130.40132.006.13M
UnitedHealth GroupUNH33.5033.7933.3633.496.06M
Berkshire HathawayBRK.B80.8380.9079.8480.703.7M
United TechnologiesUTX73.3473.6072.8973.352.67M
Union PacificUNP77.5978.2376.9878.132.58M
Exchange Rates of August 9th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85.930 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.027 CAD1 CAD = 0.973 USD
US DollarSwiss Franc1 USD = 1.049 CHF1 CHF = 0.954 USD
US DollarChinese Yuan1 USD = 6.768 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 113.620 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.832 GBP1 GBP = 1.203 EUR
EuroAustralian Dollar1 EUR = 1.444 AUD1 AUD = 0.693 EUR
EuroCanadian Dollar1 EUR = 1.359 CAD1 CAD = 0.736 EUR
EuroSwiss Franc1 EUR = 1.387 CHF1 CHF = 0.721 EUR
EuroChinese Yuan1 EUR = 8.952 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.731 GBP1 GBP = 1.367 JPY
Japanese YenAustralian Dollar1 JPY = 1.269 AUD1 AUD = 0.788 JPY
Japanese YenCanadian Dollar1 JPY = 1.195 CAD1 CAD = 0.837 JPY
Japanese YenSwiss Franc1 JPY = 1.220 CHF1 CHF = 0.819 JPY
Pound SterlingAustralian Dollar1 GBP = 1.735 AUD1 AUD = 0.576 GBP
Pound SterlingCanadian Dollar1 GBP = 1.634 CAD1 CAD = 0.612 GBP
Pound SterlingSwiss Franc1 GBP = 1.667 CHF1 CHF = 0.600 GBP
Pound SterlingChinese Yuan1 GBP = 10.751 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.941 CAD1 CAD = 1.062 AUD
Australian DollarSwiss Franc1 AUD = 0.961 CHF1 CHF = 1.041 AUD
Australian DollarChinese Yuan1 AUD = 6.203 CNY1 CNY = 0.161 AUD
Canadian DollarSwiss Franc1 CAD = 1.021 CHF1 CHF = 0.980 CAD
Canadian DollarChinese Yuan1 CAD = 6.585 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.455 CNY1 CNY = 0.155 CHF

See what else happened on August 9th, 2010