Financial news on August 13, 2010

Business and Financial news
AgBank’s I.P.O. Proceeds Said to Hit $22 Billion

Agricultural Bank of China has fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking the total proceeds from the offer to $22.1 billion, making the I.P.O. the world’s biggest. Read more..

By DEALBOOK - The New York Times

A Third Down Day on Wall Street

Unemployment claims, Cisco earnings and other data weighed on investors around the world. Read more..

By CHRISTINE HAUSER - The New York Times

Burkle Proposes Directors in Barnes & Noble Fight

War broke out over control of Barnes & Noble on Thursday as the billionaire investor Ronald W. Burkle nominated three directors to the company’s board after efforts to reach a settlement between the sides faltered earlier in the day. Read more..

By DEALBOOK - The New York Times

CA Technologies Acquires 4Base

CA Technologies, the business management software company formerly known as CA Inc., said Thursday that it had acquired a privately held virtualization and cloud computing consultancy for an undisclosed amount, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Emergent to Acquire Trubion for $96.8 Million

Trubion Pharmaceuticals, a Seattle biotech firm, agreed to be acquired by Emergent BioSolutions for $96.8 million in cash and stock and a potential later payment of as much as $38.7 million, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Friday: The Great Manny Nosowsky

We get another wide open grid from Manny Nosowsky. What a treat! Read more..

By JIM HORNE - The New York Times

Greek Recession Deepens Amid Spending Cuts

Greece’s recession deepened in the second quarter, according to official estimates released Thursday, as the country felt the painful consequences of the government’s drive to reduce its debt load with aggressive austerity cuts. Read more..

By DEALBOOK - The New York Times

India Warns It Will Block BlackBerry Traffic That It Can’t Monitor

India indicated it would block corporate e-mail and messenger services if authorities were not able to monitor the service before the end of the month. Read more..

By VIKAS BAJAJ - The New York Times

Li & Fung Offers $901 Million for Distributor

Li & Fung, the biggest supplier to retailers like Wal-Mart Stores, is offering about $901 million for a distribution company to gain a network in China. Both companies’ shares rose in Hong Kong on the news. Read more..

By DEALBOOK - The New York Times

Li Adds to His Stake in Hutchison Whampoa

Li Ka-shing made his biggest investment in Hutchison Whampoa shares in at least seven years, boosting a stock that’s already been the best performer of the month in Hong Kong’s Hang Seng Index. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 21.51 21.58 21.25 21.36 67.9M
Intel INTC 19.33 19.49 19.15 19.15 57.4M
Microsoft MSFT 24.35 24.67 24.24 24.40 45.3M
General Electric GE 15.34 15.52 15.34 15.38 41.7M
Pfizer PFE 16.16 16.25 16.03 16.08 32.4M
Oracle Corp. ORCL 22.76 22.95 22.51 22.66 29.8M
HP Inc. HPQ 40.45 40.98 40.25 40.45 29.5M
Wells Fargo & Co. WFC 25.99 26.30 25.81 25.84 25.5M
JPMorgan Chase JPM 37.80 38.04 37.50 37.50 24.6M
AT&T Inc. T 26.62 26.88 26.54 26.72 23.7M
Comcast CMCSA 18.00 18.11 17.83 17.87 14.7M
ExxonMobil XOM 59.96 60.45 59.80 59.91 14.7M
Verizon Communications VZ 30.16 30.29 29.92 30.03 14.6M
Apple AAPL 251.65 251.88 249.09 249.10 12.7M
Walt Disney & Co. DIS 33.79 33.81 33.41 33.68 11.1M
Abbott Laboratories ABT 50.12 50.26 49.91 50.06 10.6M
Wal-Mart Stores WMT 50.33 50.74 50.00 50.40 10.1M
Home Depot HD 27.51 27.71 27.27 27.31 9.32M
Procter & Gamble PG 59.74 60.60 59.69 59.82 8.81M
Merck MRK 34.80 35.15 34.65 35.00 8.75M
Johnson & Johnson JNJ 58.49 58.49 58.06 58.15 8.55M
ConocoPhillips COP 54.86 55.44 54.84 55.02 8.49M
Gilead Sciences GILD 34.50 34.90 34.30 34.31 8.03M
Coca-Cola KO 55.64 55.98 55.37 55.73 7.45M
Chevron CVX 77.04 77.77 76.91 77.40 7.09M
UnitedHealth Group UNH 32.01 32.19 31.65 32.03 6.87M
Altria MO 22.42 22.51 22.29 22.35 6.4M
McDonald's MCD 71.69 72.47 71.69 71.89 5.94M
Bristol-Myers Squibb BMY 26.24 26.46 26.10 26.32 5.76M
Schlumberger SLB 59.00 59.84 58.72 58.76 5.61M
Amgen AMGN 54.39 55.36 54.18 55.02 5.51M
International Business Machines IBM 127.96 128.46 127.33 127.87 4.67M
Pepsico PEP 65.07 65.71 64.86 65.56 4.52M
Amazon AMZN 126.06 127.48 124.26 124.69 3.98M
Alphabet GOOGL 489.00 491.19 486.01 486.35 3.87M
Boeing BA 64.59 65.70 64.54 64.84 3.67M
Visa V 72.94 73.12 72.15 72.22 3.64M
Berkshire Hathaway BRK.B 76.92 77.56 76.74 76.78 3.25M
United Technologies UTX 70.27 70.98 70.13 70.70 2.47M
Union Pacific UNP 73.42 74.62 73.25 73.45 2.09M
3M MMM 83.90 84.45 83.74 84.01 2.08M
Exchange Rates of August 13, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 86.180 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.041 CAD 1 CAD = 0.960 USD
US Dollar Swiss Franc 1 USD = 1.051 CHF 1 CHF = 0.952 USD
US Dollar Chinese Yuan 1 USD = 6.794 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 109.890 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.817 GBP 1 GBP = 1.224 EUR
Euro Australian Dollar 1 EUR = 1.428 AUD 1 AUD = 0.700 EUR
Euro Canadian Dollar 1 EUR = 1.328 CAD 1 CAD = 0.753 EUR
Euro Swiss Franc 1 EUR = 1.340 CHF 1 CHF = 0.746 EUR
Euro Chinese Yuan 1 EUR = 8.667 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.744 GBP 1 GBP = 1.345 JPY
Japanese Yen Australian Dollar 1 JPY = 1.299 AUD 1 AUD = 0.770 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.208 CAD 1 CAD = 0.828 JPY
Japanese Yen Swiss Franc 1 JPY = 1.219 CHF 1 CHF = 0.820 JPY
Pound Sterling Australian Dollar 1 GBP = 1.746 AUD 1 AUD = 0.573 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.624 CAD 1 CAD = 0.616 GBP
Pound Sterling Swiss Franc 1 GBP = 1.639 CHF 1 CHF = 0.610 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.587 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.929 CAD 1 CAD = 1.076 AUD
Australian Dollar Swiss Franc 1 AUD = 0.937 CHF 1 CHF = 1.067 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.068 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.006 CHF 1 CHF = 0.994 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.525 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.465 CNY 1 CNY = 0.155 CHF

See what else happened on August 13, 2010