Financial news on August 13th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,5121,5821,2521,3667.9M
General ElectricGE15,3415,5215,3415,3841.7M
Oracle Corp.ORCL22,7622,9522,5122,6629.8M
HP Inc.HPQ40,4540,9840,2540,4529.5M
Wells Fargo & Co.WFC25,9926,3025,8125,8425.5M
JPMorgan ChaseJPM37,8038,0437,5037,5024.6M
AT&T Inc.T26,6226,8826,5426,7223.7M
Verizon CommunicationsVZ30,1630,2929,9230,0314.6M
Walt Disney & Co.DIS33,7933,8133,4133,6811.1M
Abbott LaboratoriesABT50,1250,2649,9150,0610.6M
Wal-Mart StoresWMT50,3350,7450,0050,4010.1M
Home DepotHD27,5127,7127,2727,319.32M
Procter & GamblePG59,7460,6059,6959,828.81M
Johnson & JohnsonJNJ58,4958,4958,0658,158.55M
Gilead SciencesGILD34,5034,9034,3034,318.03M
UnitedHealth GroupUNH32,0132,1931,6532,036.87M
Bristol-Myers SquibbBMY26,2426,4626,1026,325.76M
International Business MachinesIBM127,96128,46127,33127,874.67M
Berkshire HathawayBRK.B76,9277,5676,7476,783.25M
United TechnologiesUTX70,2770,9870,1370,702.47M
Union PacificUNP73,4274,6273,2573,452.09M
Exchange Rates of August 13th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 86,180 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,041 CAD1 CAD = 0,960 USD
US DollarSwiss Franc1 USD = 1,051 CHF1 CHF = 0,952 USD
US DollarChinese Yuan1 USD = 6,794 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 109,890 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,817 GBP1 GBP = 1,224 EUR
EuroAustralian Dollar1 EUR = 1,428 AUD1 AUD = 0,700 EUR
EuroCanadian Dollar1 EUR = 1,328 CAD1 CAD = 0,753 EUR
EuroSwiss Franc1 EUR = 1,340 CHF1 CHF = 0,746 EUR
EuroChinese Yuan1 EUR = 8,667 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,744 GBP1 GBP = 1,345 JPY
Japanese YenAustralian Dollar1 JPY = 1,299 AUD1 AUD = 0,770 JPY
Japanese YenCanadian Dollar1 JPY = 1,208 CAD1 CAD = 0,828 JPY
Japanese YenSwiss Franc1 JPY = 1,219 CHF1 CHF = 0,820 JPY
Pound SterlingAustralian Dollar1 GBP = 1,746 AUD1 AUD = 0,573 GBP
Pound SterlingCanadian Dollar1 GBP = 1,624 CAD1 CAD = 0,616 GBP
Pound SterlingSwiss Franc1 GBP = 1,639 CHF1 CHF = 0,610 GBP
Pound SterlingChinese Yuan1 GBP = 10,587 CNY1 CNY = 0,094 GBP
Australian DollarCanadian Dollar1 AUD = 0,929 CAD1 CAD = 1,076 AUD
Australian DollarSwiss Franc1 AUD = 0,937 CHF1 CHF = 1,067 AUD
Australian DollarChinese Yuan1 AUD = 6,068 CNY1 CNY = 0,165 AUD
Canadian DollarSwiss Franc1 CAD = 1,006 CHF1 CHF = 0,994 CAD
Canadian DollarChinese Yuan1 CAD = 6,525 CNY1 CNY = 0,153 CAD
Swiss FrancChinese Yuan1 CHF = 6,465 CNY1 CNY = 0,155 CHF

See what else happened on August 13th, 2010