Financial news on August 10, 2007

Business and Financial news
Big French Bank Suspends Funds

BNP Paribas suspended operations of three funds over concerns about the drying up of credit. Read more..

By JAMES KANTER and JULIA WERDIGIER - The New York Times

Deal to Simplify the Business of Implanted Identity Chips

Applied Digital Solutions, maker of radio identification tags, said Thursday that it intended to acquire complete ownership of a subsidiary. Read more..

By BARNABY J. FEDER - The New York Times

Mortgage Losses Echo in Europe and on Wall Street

On Thursday, stocks on Wall Street suffered their biggest one-day decline since February. Indexes fell more than 2 percent across Asia in early trading today. Read more..

By VIKAS BAJAJ and MARK LANDLER - The New York Times

Size Doesn’t Keep Goldman Fund From Gyrating With Market

Exposure at Goldman Sachs to volatile fixed-income markets may well make the bank the latest symbol of overreaching on Wall Street. Read more..

By LANDON THOMAS Jr - The New York Times

States Ramp Up R&D Efforts as Federal Funding Fades

For most of President Bush’s time in office, spending on research and development has been steadily declining. Read more..

By KEITH GIRARD, AllBusiness.com - The New York Times

Stocks Are Volatile After Global Sell-Off

After a sell-off early in the session, stocks recovered most of their losses. The ups and downs pointed to continued concerns over the credit squeeze. Read more..

By JEREMY W. PETERS and WAYNE ARNOLD - The New York Times

Stocks Tumble as French Bank Reacts to Home Loan Worries

Stocks dropped sharply as soon as trading opened today after a French bank, BNP Paribas, suspended operations of three of its funds in the wake of turmoil in the American market for home loans. Read more..

By JEREMY W. PETERS - The New York Times

The Feud Behind the Sale of Barneys New York

Behind what seemed like a well-orchestrated triumph in the apparent deal to sell Barneys New York was a bitter rift between the C.E.O. and board of its owner, Jones Apparel Group. Read more..

By MICHAEL BARBARO - The New York Times

To Curb Risk, Boston Scientific to Sell Device Maker It Bought in ’04

The medical equipment maker said it will sell Advanced Bionics to avoid future payouts that could have amounted to $2.6 billion over the next six years. Read more..

By BARNABY J. FEDER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 38,50 38,63 37,19 38,23 85.6M
Cisco Systems CSCO 31,00 31,50 30,84 31,39 83M
Microsoft MSFT 28,90 29,05 28,26 28,71 76.6M
Intel INTC 23,85 24,34 23,50 23,98 68.8M
Apple AAPL 123,12 127,75 120,30 125,00 50.4M
Pfizer PFE 24,00 24,09 23,75 23,99 49.9M
Oracle Corp. ORCL 19,71 20,25 19,67 19,99 36.8M
ExxonMobil XOM 82,51 85,15 82,10 84,51 32.8M
JPMorgan Chase JPM 43,36 44,80 42,51 44,25 32.5M
Comcast CMCSA 24,90 25,64 24,19 25,44 29.2M
AT&T Inc. T 39,05 39,29 38,19 38,87 25.4M
Wells Fargo & Co. WFC 33,51 34,89 33,50 34,40 24.8M
ConocoPhillips COP 77,50 78,80 76,00 78,21 22.2M
Home Depot HD 35,78 36,27 35,30 35,92 22M
Wal-Mart Stores WMT 46,21 47,27 45,70 46,07 21.7M
Verizon Communications VZ 41,60 42,00 40,77 41,33 18.8M
HP Inc. HPQ 46,56 48,19 46,48 47,21 18.3M
Procter & Gamble PG 64,31 65,89 64,28 65,39 17.2M
Altria MO 67,21 67,65 65,79 67,39 17M
Bristol-Myers Squibb BMY 27,52 28,99 27,51 28,82 16.8M
Abbott Laboratories ABT 54,88 55,50 52,73 55,22 16M
Johnson & Johnson JNJ 60,70 61,42 60,50 61,15 15.7M
Walt Disney & Co. DIS 32,57 33,42 32,07 33,16 15.4M
Merck MRK 51,44 51,70 50,05 50,88 15.3M
Coca-Cola KO 55,40 56,13 54,10 54,98 14.9M
Amgen AMGN 50,37 50,92 49,71 50,08 14.4M
Chevron CVX 80,14 83,73 79,41 83,42 13.3M
UnitedHealth Group UNH 46,40 48,07 46,05 47,48 11.9M
Alphabet GOOGL 510,18 518,72 505,63 515,75 11.7M
Boeing BA 96,95 98,51 94,00 98,44 11.4M
Schlumberger SLB 89,99 93,12 88,50 92,10 10.5M
International Business Machines IBM 109,75 113,50 109,70 112,64 9.59M
Amazon AMZN 73,15 76,50 72,37 74,78 9.07M
McDonald's MCD 49,65 49,93 48,59 49,41 8.51M
Gilead Sciences GILD 36,88 37,80 36,49 37,06 8.17M
Pepsico PEP 67,68 68,63 67,20 67,95 7.65M
3M MMM 86,36 86,69 84,76 85,97 5.88M
United Technologies UTX 71,46 73,68 71,07 73,08 5.87M
Union Pacific UNP 115,50 117,37 113,01 116,65 4.11M
Berkshire Hathaway BRK.B 3600,00 3636,00 3590,00 3625,00 23.5K
Exchange Rates of August 10, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118,390 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,053 CAD 1 CAD = 0,950 USD
US Dollar Swiss Franc 1 USD = 1,199 CHF 1 CHF = 0,834 USD
US Dollar Chinese Yuan 1 USD = 7,574 CNY 1 CNY = 0,132 USD
Euro Japanese Yen 1 EUR = 162,120 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,677 GBP 1 GBP = 1,478 EUR
Euro Australian Dollar 1 EUR = 1,622 AUD 1 AUD = 0,617 EUR
Euro Canadian Dollar 1 EUR = 1,442 CAD 1 CAD = 0,694 EUR
Euro Swiss Franc 1 EUR = 1,641 CHF 1 CHF = 0,609 EUR
Japanese Yen Pound Sterling 1 JPY = 0,417 GBP 1 GBP = 2,398 JPY
Japanese Yen Australian Dollar 1 JPY = 1,000 AUD 1 AUD = 1,000 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,889 CAD 1 CAD = 1,125 JPY
Japanese Yen Swiss Franc 1 JPY = 1,012 CHF 1 CHF = 0,988 JPY
Pound Sterling Australian Dollar 1 GBP = 2,397 AUD 1 AUD = 0,417 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,130 CAD 1 CAD = 0,469 GBP
Pound Sterling Swiss Franc 1 GBP = 2,425 CHF 1 CHF = 0,412 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,888 CAD 1 CAD = 1,126 AUD
Australian Dollar Swiss Franc 1 AUD = 1,011 CHF 1 CHF = 0,989 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,138 CHF 1 CHF = 0,879 CAD

See what else happened on August 10, 2007