Financial news on August 13th, 2010
Business and Financial news
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..
Unemployment claims, Cisco earnings and other data weighed on investors around the world. Read more..
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..
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..
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..
We get another wide open grid from Manny Nosowsky. What a treat! Read more..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.99||26.30||25.81||25.84||25.5M|
|Walt Disney & Co.||DIS||33.79||33.81||33.41||33.68||11.1M|
|Procter & Gamble||PG||59.74||60.60||59.69||59.82||8.81M|
|Johnson & Johnson||JNJ||58.49||58.49||58.06||58.15||8.55M|
|International Business Machines||IBM||127.96||128.46||127.33||127.87||4.67M|
Exchange Rates of August 13th, 2010
|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|