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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE13,8014,3413,6814,1392.4M
MicrosoftMSFT23,1323,9023,0323,5362M
Wells Fargo & Co.WFC26,7227,5026,6227,1753.5M
IntelINTC18,6919,0918,6618,8152.9M
Cisco SystemsCSCO21,2321,6121,1821,4349.5M
JPMorgan ChaseJPM41,1942,4541,0342,2143.1M
PfizerPFE15,8516,0015,7515,8635.4M
Oracle Corp.ORCL21,3022,1021,2521,8834M
AltriaMO17,4917,7717,4617,5833.9M
Abbott LaboratoriesABT44,4344,5543,7544,0125.9M
Verizon CommunicationsVZ30,7131,4330,5931,2124.9M
ComcastCMCSA14,7615,0114,7614,8522.3M
AT&T Inc.T25,3925,9225,3025,6521M
ExxonMobilXOM68,2369,5568,1569,1119.2M
Wal-Mart StoresWMT50,1050,8450,1050,5118.3M
AppleAAPL162,55166,71162,46165,3115.9M
ConocoPhillipsCOP43,6444,1943,6443,8914.6M
HP Inc.HPQ43,2044,5043,1744,1813.8M
Home DepotHD26,8027,5326,7527,2013.3M
Coca-ColaKO48,9649,0948,4348,4612.4M
MerckMRK30,3430,9930,0030,7412.3M
Procter & GamblePG52,0052,4951,8552,0810.1M
AmgenAMGN62,7162,8061,7762,169.86M
Walt Disney & Co.DIS25,9126,4725,7526,229.02M
ChevronCVX68,1169,2368,0268,728.96M
Bristol-Myers SquibbBMY21,9522,0521,8421,898.84M
United TechnologiesUTX55,7158,8055,7058,178.67M
Johnson & JohnsonJNJ60,2661,0560,0360,598.22M
Gilead SciencesGILD45,8946,5045,5545,857.81M
SchlumbergerSLB52,9454,4952,7553,887.81M
McDonald'sMCD55,9156,6355,7656,267.22M
PepsicoPEP56,7857,5556,3456,686.91M
UnitedHealth GroupUNH27,7628,1227,5027,796.9M
International Business MachinesIBM117,60119,96117,42119,296.29M
AmazonAMZN83,4286,6083,3885,965.62M
3MMMM71,3872,6770,9472,334.81M
BoeingBA45,3346,7845,3146,344.68M
AlphabetGOOGL455,41461,75454,92458,584.68M
Union PacificUNP59,5261,4959,5260,744.49M
VisaV68,2969,0567,8868,453.61M
Berkshire HathawayBRK.B3267,003375,003267,003321,5034.3K
Exchange Rates of August 12, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96,080 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,089 CAD1 CAD = 0,919 USD
US DollarSwiss Franc1 USD = 1,077 CHF1 CHF = 0,929 USD
US DollarChinese Yuan1 USD = 6,836 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 136,470 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,861 GBP1 GBP = 1,161 EUR
EuroAustralian Dollar1 EUR = 1,704 AUD1 AUD = 0,587 EUR
EuroCanadian Dollar1 EUR = 1,546 CAD1 CAD = 0,647 EUR
EuroSwiss Franc1 EUR = 1,529 CHF1 CHF = 0,654 EUR
EuroChinese Yuan1 EUR = 9,707 CNY1 CNY = 0,103 EUR
Japanese YenPound Sterling1 JPY = 0,631 GBP1 GBP = 1,586 JPY
Japanese YenAustralian Dollar1 JPY = 1,248 AUD1 AUD = 0,801 JPY
Japanese YenCanadian Dollar1 JPY = 1,133 CAD1 CAD = 0,883 JPY
Japanese YenSwiss Franc1 JPY = 1,121 CHF1 CHF = 0,892 JPY
Pound SterlingAustralian Dollar1 GBP = 1,978 AUD1 AUD = 0,505 GBP
Pound SterlingCanadian Dollar1 GBP = 1,796 CAD1 CAD = 0,557 GBP
Pound SterlingSwiss Franc1 GBP = 1,775 CHF1 CHF = 0,563 GBP
Pound SterlingChinese Yuan1 GBP = 11,261 CNY1 CNY = 0,089 GBP
Australian DollarCanadian Dollar1 AUD = 0,907 CAD1 CAD = 1,102 AUD
Australian DollarSwiss Franc1 AUD = 0,897 CHF1 CHF = 1,115 AUD
Australian DollarChinese Yuan1 AUD = 5,694 CNY1 CNY = 0,176 AUD
Canadian DollarSwiss Franc1 CAD = 0,989 CHF1 CHF = 1,012 CAD
Canadian DollarChinese Yuan1 CAD = 6,282 CNY1 CNY = 0,159 CAD
Swiss FrancChinese Yuan1 CHF = 6,346 CNY1 CNY = 0,158 CHF

See what else happened on August 12, 2009