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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT27.8628.4027.6627.9068.7M
Wells Fargo & Co.WFC30.2032.0730.2031.6155.3M
Home DepotHD26.2628.7526.0527.5153.9M
IntelINTC24.1024.7423.9324.3851.7M
General ElectricGE29.6230.3929.4729.9549.2M
PfizerPFE19.8120.1119.6919.8845.4M
Cisco SystemsCSCO24.1724.8424.1424.6243.3M
JPMorgan ChaseJPM40.7942.8540.3741.8934.6M
Oracle Corp.ORCL23.4123.5222.9223.0834M
AppleAAPL170.07176.50169.67173.5631.8M
AT&T Inc.T30.9731.8830.9631.8426.8M
AmazonAMZN80.1891.7579.7888.0925.1M
ExxonMobilXOM78.5278.9577.0478.1624.6M
Wal-Mart StoresWMT57.8759.8057.3458.5624.3M
Walt Disney & Co.DIS31.9733.4231.8432.8021.9M
ComcastCMCSA21.5522.0021.4521.8221.5M
ConocoPhillipsCOP81.1581.8078.9080.2314.9M
McDonald'sMCD65.0467.0064.7765.9514.8M
VisaV72.4476.5071.9574.7913.8M
MerckMRK35.8435.9535.6235.9113.1M
Verizon CommunicationsVZ34.7935.6434.6235.3013.1M
ChevronCVX84.6085.1283.0584.0811.4M
AltriaMO20.9621.4020.9521.2411.2M
Procter & GamblePG69.6269.8967.0769.4310.8M
HP Inc.HPQ45.8346.3345.3045.7310.6M
Abbott LaboratoriesABT59.0759.1758.4558.9010.5M
Johnson & JohnsonJNJ71.4371.9071.0971.6610.2M
SchlumbergerSLB93.6793.6790.0592.699.76M
AlphabetGOOGL492.47508.88491.78500.848.47M
Union PacificUNP83.1583.3178.6279.258.45M
International Business MachinesIBM128.43128.43125.75126.607.49M
UnitedHealth GroupUNH31.0731.8730.2431.257.42M
AmgenAMGN63.0264.1862.9464.017.25M
Coca-ColaKO55.1455.8354.8555.357.09M
Bristol-Myers SquibbBMY22.3222.5822.1022.447.08M
BoeingBA67.8967.9066.2166.626.88M
Gilead SciencesGILD56.6056.8656.0456.436.44M
PepsicoPEP69.3569.4868.7669.276M
3MMMM73.1974.6873.1874.385.46M
United TechnologiesUTX66.6967.6066.3567.224.74M
Berkshire HathawayBRK.B3860.003948.003838.003910.0033.1K
Exchange Rates of August 11, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 110.120 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.069 CAD1 CAD = 0.935 USD
US DollarSwiss Franc1 USD = 1.087 CHF1 CHF = 0.920 USD
US DollarChinese Yuan1 USD = 6.858 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 163.990 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.779 GBP1 GBP = 1.283 EUR
EuroAustralian Dollar1 EUR = 1.688 AUD1 AUD = 0.592 EUR
EuroCanadian Dollar1 EUR = 1.592 CAD1 CAD = 0.628 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.475 GBP1 GBP = 2.105 JPY
Japanese YenAustralian Dollar1 JPY = 1.029 AUD1 AUD = 0.972 JPY
Japanese YenCanadian Dollar1 JPY = 0.970 CAD1 CAD = 1.031 JPY
Japanese YenSwiss Franc1 JPY = 0.987 CHF1 CHF = 1.013 JPY
Pound SterlingAustralian Dollar1 GBP = 2.166 AUD1 AUD = 0.462 GBP
Pound SterlingCanadian Dollar1 GBP = 2.042 CAD1 CAD = 0.490 GBP
Pound SterlingSwiss Franc1 GBP = 2.076 CHF1 CHF = 0.482 GBP
Australian DollarCanadian Dollar1 AUD = 0.942 CAD1 CAD = 1.061 AUD
Australian DollarSwiss Franc1 AUD = 0.958 CHF1 CHF = 1.044 AUD
Canadian DollarSwiss Franc1 CAD = 1.016 CHF1 CHF = 0.984 CAD

See what else happened on August 11, 2008