Financial news on August 12, 2009

Business and Financial news
Atticus Closing 2 Funds

The founder, Timothy Barakett, said that his partner would continue to run a third fund. Read more..

By THE NEW YORK TIMES - The New York Times

Corporations Take a Low-Key Approach to Event Sponsorship

Worried about seeming ostentatious, major businesses that entertain clients do so very quietly. Read more..

By LESLIE WAYNE - The New York Times

In New Jersey, Some Developers Sign Up Retail Tenants Despite the Downturn

Developers in New Jersey are finding desirable retail tenants for their residential projects. And given the economic slump, retailers are able to drive a harder bargain. Read more..

By ANTOINETTE MARTIN - The New York Times

In Russia, Data Signals a Leveling Off of the Decline

The economy declined 10.9 percent in the second quarter compared with a year ago, but it grew 7.5 percent compared with the first quarter. Read more..

By ANDREW E. KRAMER - The New York Times

Judge Sets Date for Sentencing Ex-UBS Banker

Judge William J. Zloch denied a request to delay sentencing of Bradley Birkenfeld, who admitted helping American clients of UBS evade taxes. Read more..

By BLOOMBERG NEWS - The New York Times

Madoff Aide Reveals Details of Ponzi Scheme

Frank DiPascali, a longtime employee of Bernard L. Madoff, pleaded guilty to his role in the Ponzi scheme. Read more..

By JACK HEALY and DIANA B. HENRIQUES - The New York Times

Microsoft to Put Office on Phones From Nokia

Two giant rivals team up to try to fend off competitive threats from the likes of Google and Apple. Read more..

By STEVE LOHR - The New York Times

Worker Productivity Grows at a Rapid Pace

Because employers slashed payrolls already, their lower expenses may allow them to cut fewer workers. Read more..

By BLOOMBERG NEWS - The New York Times

W.T.O. Rules Against China’s Limits on Imports

The decision was seen as a victory for the United States at a time when China is being perceived as increasingly nationalistic in its trade policies. Read more..

By KEITH BRADSHER - The New York Times

Zambia: Brewer Intends to Double Capacity

SABMiller of London will double production capacity at its Zambian operations this year after spending $100 million over two years refurbishing its plants in the country. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 13.80 14.34 13.68 14.13 92.4M
Microsoft MSFT 23.13 23.90 23.03 23.53 62M
Wells Fargo & Co. WFC 26.72 27.50 26.62 27.17 53.5M
Intel INTC 18.69 19.09 18.66 18.81 52.9M
Cisco Systems CSCO 21.23 21.61 21.18 21.43 49.5M
JPMorgan Chase JPM 41.19 42.45 41.03 42.21 43.1M
Pfizer PFE 15.85 16.00 15.75 15.86 35.4M
Oracle Corp. ORCL 21.30 22.10 21.25 21.88 34M
Altria MO 17.49 17.77 17.46 17.58 33.9M
Abbott Laboratories ABT 44.43 44.55 43.75 44.01 25.9M
Verizon Communications VZ 30.71 31.43 30.59 31.21 24.9M
Comcast CMCSA 14.76 15.01 14.76 14.85 22.3M
AT&T Inc. T 25.39 25.92 25.30 25.65 21M
ExxonMobil XOM 68.23 69.55 68.15 69.11 19.2M
Wal-Mart Stores WMT 50.10 50.84 50.10 50.51 18.3M
Apple AAPL 162.55 166.71 162.46 165.31 15.9M
ConocoPhillips COP 43.64 44.19 43.64 43.89 14.6M
HP Inc. HPQ 43.20 44.50 43.17 44.18 13.8M
Home Depot HD 26.80 27.53 26.75 27.20 13.3M
Coca-Cola KO 48.96 49.09 48.43 48.46 12.4M
Merck MRK 30.34 30.99 30.00 30.74 12.3M
Procter & Gamble PG 52.00 52.49 51.85 52.08 10.1M
Amgen AMGN 62.71 62.80 61.77 62.16 9.86M
Walt Disney & Co. DIS 25.91 26.47 25.75 26.22 9.02M
Chevron CVX 68.11 69.23 68.02 68.72 8.96M
Bristol-Myers Squibb BMY 21.95 22.05 21.84 21.89 8.84M
United Technologies UTX 55.71 58.80 55.70 58.17 8.67M
Johnson & Johnson JNJ 60.26 61.05 60.03 60.59 8.22M
Gilead Sciences GILD 45.89 46.50 45.55 45.85 7.81M
Schlumberger SLB 52.94 54.49 52.75 53.88 7.81M
McDonald's MCD 55.91 56.63 55.76 56.26 7.22M
Pepsico PEP 56.78 57.55 56.34 56.68 6.91M
UnitedHealth Group UNH 27.76 28.12 27.50 27.79 6.9M
International Business Machines IBM 117.60 119.96 117.42 119.29 6.29M
Amazon AMZN 83.42 86.60 83.38 85.96 5.62M
3M MMM 71.38 72.67 70.94 72.33 4.81M
Boeing BA 45.33 46.78 45.31 46.34 4.68M
Alphabet GOOGL 455.41 461.75 454.92 458.58 4.68M
Union Pacific UNP 59.52 61.49 59.52 60.74 4.49M
Visa V 68.29 69.05 67.88 68.45 3.61M
Berkshire Hathaway BRK.B 3267.00 3375.00 3267.00 3321.50 34.3K
Exchange Rates of August 12, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 96.080 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.089 CAD 1 CAD = 0.919 USD
US Dollar Swiss Franc 1 USD = 1.077 CHF 1 CHF = 0.929 USD
US Dollar Chinese Yuan 1 USD = 6.836 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 136.470 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.861 GBP 1 GBP = 1.161 EUR
Euro Australian Dollar 1 EUR = 1.704 AUD 1 AUD = 0.587 EUR
Euro Canadian Dollar 1 EUR = 1.546 CAD 1 CAD = 0.647 EUR
Euro Swiss Franc 1 EUR = 1.529 CHF 1 CHF = 0.654 EUR
Euro Chinese Yuan 1 EUR = 9.707 CNY 1 CNY = 0.103 EUR
Japanese Yen Pound Sterling 1 JPY = 0.631 GBP 1 GBP = 1.586 JPY
Japanese Yen Australian Dollar 1 JPY = 1.248 AUD 1 AUD = 0.801 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.133 CAD 1 CAD = 0.883 JPY
Japanese Yen Swiss Franc 1 JPY = 1.121 CHF 1 CHF = 0.892 JPY
Pound Sterling Australian Dollar 1 GBP = 1.978 AUD 1 AUD = 0.505 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.796 CAD 1 CAD = 0.557 GBP
Pound Sterling Swiss Franc 1 GBP = 1.775 CHF 1 CHF = 0.563 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.261 CNY 1 CNY = 0.089 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.907 CAD 1 CAD = 1.102 AUD
Australian Dollar Swiss Franc 1 AUD = 0.897 CHF 1 CHF = 1.115 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.694 CNY 1 CNY = 0.176 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.989 CHF 1 CHF = 1.012 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.282 CNY 1 CNY = 0.159 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.346 CNY 1 CNY = 0.158 CHF

See what else happened on August 12, 2009