Financial news on August 11, 2008

Business and Financial news
Accounts, People, Miscellany

Campaign, personnel shifts and trends in advertising. Read more..

By THE NEW YORK TIMES - The New York Times

All of Us, the Arbiters of News

In the age of Twitter and YouTube, crowds are driving the media agendas. Read more..

By DAVID CARR - The New York Times

Endorsement From Winfrey Quantified: A Million Votes

Two economists contend that Oprah Winfrey’s endorsement of Barack Obama last year gave him a boost of about one million votes in the primaries and caucuses. Read more..

By BRIAN STELTER - The New York Times

Forthright or Clueless? Kathie Lee Draws Fire

Viewers and guests are weighing in with stinging criticism against Kathie Lee Gifford and her apparent knack for interrupting guests on the “Today” show. Read more..

By DOUGLAS QUENQUA - The New York Times

Getting the ‘Skinny’ on Naming Rights

The St. Paul Saints signed a deal with the Skinny Nutritional Corporation to rename Midway Stadium — its ballpark for all 16 of the team’s seasons — as Skinny Water Stadium. Read more..

By STUART ELLIOTT - The New York Times

Giant Retailers Look to Sun for Energy Savings

Chains are seizing a chance to bolster environmental credentials, and gain a tax advantage, by installing solar roof panels before a Dec. 31 deadline. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Paulson Says No Plan Is Afoot to Rescue Mortgage Agencies

The Treasury secretary said there is no plan to use his new authority to inject capital into Fannie Mae and Freddie Mac, which both posted dismal earnings last week. Read more..

By BLOOMBERG NEWS - The New York Times

The Week’s Major Economic Reports

The trade deficit for June, retail sales for July and the Consumer Price Index for July are among the highlights of the week’s economic reports. Read more..

By THE NEW YORK TIMES - The New York Times

Treasury Auctions Set for This Week

The Treasury’s schedule of financing this week included Monday’s weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. Read more..

By THE NEW YORK TIMES - The New York Times

Web Privacy on the Radar in Congress

As advertisers grow more sophisticated about behavioral targeting, and as online privacy standards vary, regulators and privacy advocates are becoming concerned. Read more..

By STEPHANIE CLIFFORD - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 27.86 28.40 27.66 27.90 68.7M
Wells Fargo & Co. WFC 30.20 32.07 30.20 31.61 55.3M
Home Depot HD 26.26 28.75 26.05 27.51 53.9M
Intel INTC 24.10 24.74 23.93 24.38 51.7M
General Electric GE 29.62 30.39 29.47 29.95 49.2M
Pfizer PFE 19.81 20.11 19.69 19.88 45.4M
Cisco Systems CSCO 24.17 24.84 24.14 24.62 43.3M
JPMorgan Chase JPM 40.79 42.85 40.37 41.89 34.6M
Oracle Corp. ORCL 23.41 23.52 22.92 23.08 34M
Apple AAPL 170.07 176.50 169.67 173.56 31.8M
AT&T Inc. T 30.97 31.88 30.96 31.84 26.8M
Amazon AMZN 80.18 91.75 79.78 88.09 25.1M
ExxonMobil XOM 78.52 78.95 77.04 78.16 24.6M
Wal-Mart Stores WMT 57.87 59.80 57.34 58.56 24.3M
Walt Disney & Co. DIS 31.97 33.42 31.84 32.80 21.9M
Comcast CMCSA 21.55 22.00 21.45 21.82 21.5M
ConocoPhillips COP 81.15 81.80 78.90 80.23 14.9M
McDonald's MCD 65.04 67.00 64.77 65.95 14.8M
Visa V 72.44 76.50 71.95 74.79 13.8M
Merck MRK 35.84 35.95 35.62 35.91 13.1M
Verizon Communications VZ 34.79 35.64 34.62 35.30 13.1M
Chevron CVX 84.60 85.12 83.05 84.08 11.4M
Altria MO 20.96 21.40 20.95 21.24 11.2M
Procter & Gamble PG 69.62 69.89 67.07 69.43 10.8M
HP Inc. HPQ 45.83 46.33 45.30 45.73 10.6M
Abbott Laboratories ABT 59.07 59.17 58.45 58.90 10.5M
Johnson & Johnson JNJ 71.43 71.90 71.09 71.66 10.2M
Schlumberger SLB 93.67 93.67 90.05 92.69 9.76M
Alphabet GOOGL 492.47 508.88 491.78 500.84 8.47M
Union Pacific UNP 83.15 83.31 78.62 79.25 8.45M
International Business Machines IBM 128.43 128.43 125.75 126.60 7.49M
UnitedHealth Group UNH 31.07 31.87 30.24 31.25 7.42M
Amgen AMGN 63.02 64.18 62.94 64.01 7.25M
Coca-Cola KO 55.14 55.83 54.85 55.35 7.09M
Bristol-Myers Squibb BMY 22.32 22.58 22.10 22.44 7.08M
Boeing BA 67.89 67.90 66.21 66.62 6.88M
Gilead Sciences GILD 56.60 56.86 56.04 56.43 6.44M
Pepsico PEP 69.35 69.48 68.76 69.27 6M
3M MMM 73.19 74.68 73.18 74.38 5.46M
United Technologies UTX 66.69 67.60 66.35 67.22 4.74M
Berkshire Hathaway BRK.B 3860.00 3948.00 3838.00 3910.00 33.1K
Exchange Rates of August 11, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.120 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.069 CAD 1 CAD = 0.935 USD
US Dollar Swiss Franc 1 USD = 1.087 CHF 1 CHF = 0.920 USD
US Dollar Chinese Yuan 1 USD = 6.858 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 163.990 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.779 GBP 1 GBP = 1.283 EUR
Euro Australian Dollar 1 EUR = 1.688 AUD 1 AUD = 0.592 EUR
Euro Canadian Dollar 1 EUR = 1.592 CAD 1 CAD = 0.628 EUR
Euro Swiss Franc 1 EUR = 1.619 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.475 GBP 1 GBP = 2.105 JPY
Japanese Yen Australian Dollar 1 JPY = 1.029 AUD 1 AUD = 0.972 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.970 CAD 1 CAD = 1.031 JPY
Japanese Yen Swiss Franc 1 JPY = 0.987 CHF 1 CHF = 1.013 JPY
Pound Sterling Australian Dollar 1 GBP = 2.166 AUD 1 AUD = 0.462 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.042 CAD 1 CAD = 0.490 GBP
Pound Sterling Swiss Franc 1 GBP = 2.076 CHF 1 CHF = 0.482 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.942 CAD 1 CAD = 1.061 AUD
Australian Dollar Swiss Franc 1 AUD = 0.958 CHF 1 CHF = 1.044 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.016 CHF 1 CHF = 0.984 CAD

See what else happened on August 11, 2008