Financial news on August 11, 2010

Business and Financial news
10-Year Treasury Yields Slide on Fed’s Decision

Yields on 10-year Treasury securities, a vital benchmark for home mortgages and corporate loans, tumbled to the lowest level in more than a year on Tuesday after the Federal Reserve said it would buy up government debt in an effort to bolster the nation’s increasingly fragile economy. Read more..

By DEALBOOK - The New York Times

Another Deal From Hell: CKX

Robert F. X. Sillerman’s latest run at CKX has many issues that need to be resolved, enough that the bid rises to “deal from hell” status, according to the Deal Professor. Read more..

By STEVEN DAVIDOFF SOLOMON - The New York Times

China’s Trade Surplus Climbs to $28.7 Billion

The surplus, which had been forecast for $19 billion, could renew frictions with the United States. Read more..

By KEITH BRADSHER - The New York Times

Cuts Under Way in Barclays Back Office

Barclays Capital is set to announce plans to lay off several hundred back-office workers, a person with direct knowledge of the matter told DealBook on Wednesday. Read more..

By DEALBOOK - The New York Times

Magazine Will Cater to Mobile Readers (and Freelancers)

A small group of former magazine journalists and editors plan to publish Nomad Editions, creating content specifically for mobile technology. Read more..

By TANZINA VEGA - The New York Times

Office Deals, 19 Months Apart, Show Market’s Move

Office rents in Manhattan declined steeply in the recession, with some dipping to the lowest level in five years by 2010. Read more..

By JANE L. LEVERE - The New York Times

Recycling Land for Green Energy Ideas

Land taken out of farm production for lack of water is being proposed for solar projects. Utilities and farmers are interested. Read more..

By TODD WOODY - The New York Times

Saudis Relent a Bit on Shutting Down BlackBerry

Observers speculated that R.I.M. might have given the Saudi government encrypted information, but no help in decoding it. Read more..

By KEVIN J. O'BRIEN - The New York Times

The Man Behind the Liverpool Bid

When reports began circulating last week that a Chinese investor was bidding to take over Liverpool Football Club in the English Premier League, British tabloids quickly called him King Kenny. Writing in The New York Times, David Barboza takes a look at the man behind the bid. Read more..

By DEALBOOK - The New York Times

Wells Fargo Loses Ruling on Overdraft Fees

A federal judge on Tuesday ordered Wells Fargo to pay California customers $203 million in restitution for claims that it had manipulated transactions to maximize the overdraft fees it charged. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC19,5319,5819,3019,4399.1M
General ElectricGE15,9816,0315,5415,7077.2M
MicrosoftMSFT24,6824,9024,5624,8676.7M
Cisco SystemsCSCO23,8623,9523,4523,7371.5M
HP Inc.HPQ42,0842,1540,6640,7757.8M
PfizerPFE16,3016,3415,9916,0053.7M
JPMorgan ChaseJPM38,6538,7837,7537,7746.2M
Wells Fargo & Co.WFC27,2627,3926,2626,3039.6M
AT&T Inc.T26,6626,7926,5126,5529.1M
Oracle Corp.ORCL23,9123,9423,5623,6625.7M
ExxonMobilXOM60,5560,6660,2060,3924.3M
ComcastCMCSA18,2218,3417,9718,0122.9M
AppleAAPL255,40255,69249,81250,1922.1M
Verizon CommunicationsVZ29,5829,9029,5129,5618.5M
UnitedHealth GroupUNH32,8533,1531,7431,9917.3M
Walt Disney & Co.DIS34,7734,7734,1334,2215M
ConocoPhillipsCOP55,9656,0055,2055,5113.9M
AltriaMO22,3822,6822,3622,4413.6M
Abbott LaboratoriesABT51,0351,1150,2750,3913.2M
Procter & GamblePG60,1860,6460,0060,2712.9M
MerckMRK35,3135,5034,8234,8912.4M
Coca-ColaKO56,2456,7555,9856,0412.2M
Gilead SciencesGILD35,2535,3834,4634,5611.7M
Home DepotHD27,9328,0627,6027,7111.7M
Johnson & JohnsonJNJ58,9258,9558,3058,5011.5M
Wal-Mart StoresWMT51,6251,6250,9851,0211.3M
ChevronCVX77,9777,9877,0277,1310.6M
SchlumbergerSLB60,9861,0859,6360,069.89M
Bristol-Myers SquibbBMY26,3226,5026,1526,258.81M
International Business MachinesIBM130,69130,69129,46129,836.32M
Berkshire HathawayBRK.B78,9279,0077,4177,506.15M
VisaV74,0074,3573,0073,515.78M
PepsicoPEP65,9866,0765,4565,455.54M
AmazonAMZN128,10128,12125,20125,895.54M
McDonald'sMCD72,0172,3271,5071,575.48M
AmgenAMGN54,7554,9053,5053,695.47M
BoeingBA67,1867,2664,9265,605.23M
United TechnologiesUTX72,1672,3370,7771,274.84M
3MMMM85,9085,9983,5384,104.51M
AlphabetGOOGL497,73498,00491,50491,744.44M
Union PacificUNP76,4276,4473,6574,283.61M
Exchange Rates of August 11, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,240 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,047 CAD1 CAD = 0,955 USD
US DollarSwiss Franc1 USD = 1,060 CHF1 CHF = 0,943 USD
US DollarChinese Yuan1 USD = 6,776 CNY1 CNY = 0,148 USD
EuroJapanese Yen1 EUR = 109,510 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,821 GBP1 GBP = 1,217 EUR
EuroAustralian Dollar1 EUR = 1,436 AUD1 AUD = 0,696 EUR
EuroCanadian Dollar1 EUR = 1,345 CAD1 CAD = 0,744 EUR
EuroSwiss Franc1 EUR = 1,362 CHF1 CHF = 0,734 EUR
EuroChinese Yuan1 EUR = 8,703 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,750 GBP1 GBP = 1,334 JPY
Japanese YenAustralian Dollar1 JPY = 1,311 AUD1 AUD = 0,763 JPY
Japanese YenCanadian Dollar1 JPY = 1,227 CAD1 CAD = 0,815 JPY
Japanese YenSwiss Franc1 JPY = 1,244 CHF1 CHF = 0,804 JPY
Pound SterlingAustralian Dollar1 GBP = 1,748 AUD1 AUD = 0,572 GBP
Pound SterlingCanadian Dollar1 GBP = 1,637 CAD1 CAD = 0,611 GBP
Pound SterlingSwiss Franc1 GBP = 1,659 CHF1 CHF = 0,603 GBP
Pound SterlingChinese Yuan1 GBP = 10,581 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,936 CAD1 CAD = 1,068 AUD
Australian DollarSwiss Franc1 AUD = 0,948 CHF1 CHF = 1,055 AUD
Australian DollarChinese Yuan1 AUD = 6,060 CNY1 CNY = 0,165 AUD
Canadian DollarSwiss Franc1 CAD = 1,013 CHF1 CHF = 0,987 CAD
Canadian DollarChinese Yuan1 CAD = 6,468 CNY1 CNY = 0,155 CAD
Swiss FrancChinese Yuan1 CHF = 6,388 CNY1 CNY = 0,157 CHF

See what else happened on August 11, 2010