Financial news on August 10, 2010
Business and Financial news
The Federal Reserve will meet on Tuesday faced with a pivotal decision about whether to abandon its presumption that the economy is gradually picking up steam and begin to consider new steps to keep the recovery from sputtering out. Read more..
The Federal Reserve on Tuesday will face a key decision: whether to drop the idea that the economy is improving. Read more..
Mike Ilitch, the Little Caesars pizza mogul who already owns the Detroit Tigers and Detroit Red Wings, said Monday that he wants to buy the Detroit Pistons in part to make sure another buyer doesn’t move the NBA franchise out of town, The Associated Press reported. Read more..
Digital advertising company MediaMind Technologies plans to raise about $73 million in an initial public offering this week, The Associated Press reported. Read more..
Sales at restaurants in the United States rose 5.7 percent — its biggest monthly increase since a 6.7 percent gain in July 2008. Read more..
Royal Bank of Canada, the country’s worst-performing bank stock this year, has approached potential buyers for a United States insurance unit it acquired for $650 million a decade ago, Bloomberg News reported, citing people with knowledge of the matter. Read more..
The food maker said Brenda Barnes, on medical leave since May, would step down to focus on improving her health. Read more..
Although it has sold work wear since 1922, Dickies found that it needed to make shoppers more aware of its brand. Read more..
San Francisco-based biofuel company Solazyme announced Tuesday that it has landed $52 million in a fourth round of venture capital to commercialize its algae-based fuel. Morgan Stanley joined its flock of backers, which also includes Chevron Technology Ventures. Read more..
Instead of asking who could replace Mark Hurd at Hewlett-Packard, Fortune asks: who would want Mr. Hurd? The answer: lots of companies. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Intel | INTC | 20.11 | 20.17 | 19.70 | 19.82 | 136M |
Microsoft | MSFT | 25.33 | 25.34 | 24.88 | 25.07 | 87.3M |
HP Inc. | HPQ | 42.85 | 42.98 | 42.16 | 42.33 | 73.3M |
Cisco Systems | CSCO | 24.46 | 24.59 | 24.16 | 24.31 | 59.2M |
Pfizer | PFE | 16.29 | 16.60 | 16.26 | 16.57 | 57.6M |
General Electric | GE | 16.19 | 16.34 | 15.96 | 16.25 | 53.2M |
JPMorgan Chase | JPM | 39.67 | 39.73 | 39.16 | 39.17 | 34.2M |
Wells Fargo & Co. | WFC | 27.94 | 28.07 | 27.51 | 27.77 | 29.8M |
Oracle Corp. | ORCL | 24.10 | 24.43 | 23.92 | 24.29 | 28.1M |
AT&T Inc. | T | 26.71 | 27.08 | 26.66 | 27.01 | 26.6M |
ExxonMobil | XOM | 61.85 | 62.17 | 61.45 | 61.93 | 23.2M |
Comcast | CMCSA | 18.49 | 18.70 | 18.26 | 18.61 | 22.6M |
Abbott Laboratories | ABT | 50.67 | 51.70 | 50.59 | 51.47 | 18.7M |
Apple | AAPL | 259.85 | 260.45 | 257.55 | 259.41 | 16.1M |
Verizon Communications | VZ | 29.73 | 30.14 | 29.56 | 30.02 | 14.9M |
Home Depot | HD | 28.40 | 28.52 | 28.02 | 28.24 | 13.9M |
Johnson & Johnson | JNJ | 59.41 | 59.81 | 58.90 | 59.43 | 13.6M |
Procter & Gamble | PG | 60.10 | 61.34 | 60.08 | 60.78 | 13.5M |
Walt Disney & Co. | DIS | 34.89 | 35.41 | 34.73 | 35.29 | 12.4M |
ConocoPhillips | COP | 56.52 | 57.28 | 56.32 | 56.87 | 12.3M |
Merck | MRK | 35.20 | 35.99 | 34.82 | 35.77 | 11.9M |
Gilead Sciences | GILD | 35.59 | 36.13 | 35.37 | 35.79 | 10M |
Wal-Mart Stores | WMT | 51.91 | 52.48 | 51.69 | 52.22 | 8.85M |
Altria | MO | 22.49 | 22.78 | 22.44 | 22.63 | 8.44M |
Chevron | CVX | 78.54 | 79.48 | 78.16 | 79.04 | 8.41M |
UnitedHealth Group | UNH | 33.30 | 33.62 | 32.96 | 33.33 | 7.96M |
Visa | V | 74.06 | 75.73 | 74.06 | 75.27 | 7.77M |
Coca-Cola | KO | 56.64 | 57.40 | 56.52 | 56.98 | 7.69M |
Pepsico | PEP | 66.05 | 66.83 | 66.00 | 66.53 | 7.41M |
Bristol-Myers Squibb | BMY | 26.32 | 26.78 | 26.30 | 26.66 | 7.01M |
Schlumberger | SLB | 61.90 | 62.53 | 61.16 | 62.15 | 6.89M |
Amazon | AMZN | 127.95 | 130.00 | 127.38 | 130.00 | 5.71M |
McDonald's | MCD | 72.50 | 72.98 | 71.97 | 72.84 | 5.69M |
International Business Machines | IBM | 131.18 | 132.49 | 130.77 | 131.84 | 5.47M |
Amgen | AMGN | 55.37 | 56.14 | 54.83 | 55.72 | 4.15M |
Alphabet | GOOGL | 502.35 | 506.00 | 498.57 | 503.71 | 4.14M |
Boeing | BA | 68.29 | 68.97 | 67.54 | 68.62 | 4.13M |
United Technologies | UTX | 72.82 | 73.81 | 71.93 | 73.39 | 4.09M |
3M | MMM | 87.41 | 87.78 | 85.85 | 87.11 | 3.64M |
Berkshire Hathaway | BRK.B | 79.96 | 80.44 | 79.08 | 79.73 | 3.3M |
Union Pacific | UNP | 77.36 | 77.91 | 76.42 | 77.66 | 2M |
Exchange Rates of August 10, 2010
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 85.330 JPY | 1 JPY = 0.012 USD |
US Dollar | Canadian Dollar | 1 USD = 1.030 CAD | 1 CAD = 0.970 USD |
US Dollar | Swiss Franc | 1 USD = 1.048 CHF | 1 CHF = 0.954 USD |
US Dollar | Chinese Yuan | 1 USD = 6.773 CNY | 1 CNY = 0.148 USD |
Euro | Japanese Yen | 1 EUR = 112.420 JPY | 1 JPY = 0.009 EUR |
Euro | Pound Sterling | 1 EUR = 0.831 GBP | 1 GBP = 1.203 EUR |
Euro | Australian Dollar | 1 EUR = 1.444 AUD | 1 AUD = 0.693 EUR |
Euro | Canadian Dollar | 1 EUR = 1.357 CAD | 1 CAD = 0.737 EUR |
Euro | Swiss Franc | 1 EUR = 1.381 CHF | 1 CHF = 0.724 EUR |
Euro | Chinese Yuan | 1 EUR = 8.929 CNY | 1 CNY = 0.112 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.739 GBP | 1 GBP = 1.353 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.283 AUD | 1 AUD = 0.779 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.207 CAD | 1 CAD = 0.829 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.228 CHF | 1 CHF = 0.814 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.736 AUD | 1 AUD = 0.576 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.633 CAD | 1 CAD = 0.612 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.661 CHF | 1 CHF = 0.602 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 10.731 CNY | 1 CNY = 0.093 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.940 CAD | 1 CAD = 1.064 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.956 CHF | 1 CHF = 1.046 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 6.190 CNY | 1 CNY = 0.162 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.017 CHF | 1 CHF = 0.983 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.575 CNY | 1 CNY = 0.152 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.464 CNY | 1 CNY = 0.155 CHF |
See what else happened on August 10, 2010