Financial news on August 10, 2010

Business and Financial news
Fed Will Meet With Concerns on Deflation Rising

The Federal Reserve on Tuesday will face a key decision: whether to drop the idea that the economy is improving. Read more..

By SEWELL CHAN - The New York Times

Fed Will Meet With Concerns on Deflation Rising

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..

By DEALBOOK - The New York Times

Little Caesars Mogul Eyes Detroit Pistons

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..

By DEALBOOK - The New York Times

MediaMind Focusing on $73 Million I.P.O.

Digital advertising company MediaMind Technologies plans to raise about $73 million in an initial public offering this week, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

New Drinks Lift Domestic Sales for McDonald’s

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..

By THE ASSOCIATED PRESS - The New York Times

Royal Bank of Canada Looking to Sell Liberty Life

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..

By DEALBOOK - The New York Times

Sara Lee Chief Is Leaving After a Stroke

The food maker said Brenda Barnes, on medical leave since May, would step down to focus on improving her health. Read more..

By THE ASSOCIATED PRESS - The New York Times

Showcasing Durability in a Soft Economy

Although it has sold work wear since 1922, Dickies found that it needed to make shoppers more aware of its brand. Read more..

By ELIZABETH OLSON - The New York Times

Solazyme Bottles $52 Million for Algae-Based Fuel

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..

By DEALBOOK - The New York Times

Where Could Hurd Go?

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..

By DEALBOOK - The New York Times

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
CurrenciesExchange 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

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