Financial news on August 16, 2010

Business and Financial news
A Big Splash for a Prohibition Drama

HBO plans to spend more than $10 million on the marketing for “Boardwalk Empire,” a series from Martin Scorsese. Read more..

By STUART ELLIOTT - The New York Times

Agrium Makes $1.1 Billion Bid for AWB of Australia

Agrium on Sunday unveiled a $1.1 billion unsolicited takeover offer for Australia’s AWB, hoping to pre-empt the company’s already-announced merger with GrainCorp. Read more..

By DEALBOOK - The New York Times

Dynegy and the Evolving Nature of Deals

The Deal Professor examines the Blackstone Group’s deal for Dynegy and considers how much the terms of transactions have changed since the financial crisis. Read more..

By STEVEN DAVIDOFF SOLOMON - The New York Times

Google Plan With Verizon Disillusions Some Allies

Groups that saw Google as a top ally in the fight for net neutrality see its proposal with Verizon as a retreat. Read more..

By CLAIRE CAIN MILLER and MIGUEL HELFT - The New York Times

Hulu Prepares for an I.P.O.

Hulu, the rapidly growing hub for online television and movies, aims to go public through an offering that could value the company at more than $2 billion, according to people briefed on the matter. Read more..

By DEALBOOK - The New York Times

Muscular ‘Expendables’ Enlivens Battle for Studio

“The Expendables,” an ensemble action film starring and directed by Sylvester Stallone, took in an estimated $35 million in ticket sales and beat out “Eat Pray Love.” Read more..

By MICHAEL CIEPLY - The New York Times

Nokia Seeks to Reconnect With the U.S. Market

The Finnish company has its work cut out for it in the United States, where Nokia shows little of the swagger of a global powerhouse. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

With Summer, Big Cable Channels Keep Getting Bigger

Chalk it up to a competitive environment among programmers and a viewer appetite for new shows year-round. Read more..

By BRIAN STELTER - The New York Times

Workers Let Go by China’s Banks Put Up a Fight

A few days after the Agricultural Bank went public, dozens of former bank employees stealthily gathered outside the headquarters of the country’s central bank. They quickly pulled on red and blue T-shirts that read, “Protect the Rights of Downsized Bank Workers.” Within minutes, a flock of police officers had swept everyone into five waiting public buses. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21.2422.1221.2221.9188.6M
General ElectricGE15.2915.4915.1515.4656.4M
IntelINTC19.1419.5619.1119.4748.7M
MicrosoftMSFT24.3624.6124.3024.5040.9M
PfizerPFE15.9816.1715.8516.0336.3M
JPMorgan ChaseJPM37.3237.8237.2837.6928.3M
Wells Fargo & Co.WFC25.6725.9125.5225.6824.6M
HP Inc.HPQ40.5141.0940.3540.5522.9M
AT&T Inc.T26.6326.7126.4826.6519.9M
Oracle Corp.ORCL22.5123.0022.3522.7219.5M
ExxonMobilXOM59.6060.2559.2559.8814.3M
Verizon CommunicationsVZ29.9430.1529.7229.9614.1M
Procter & GamblePG59.6360.2059.3259.7713.1M
ComcastCMCSA17.8317.9517.6117.7512.3M
Home DepotHD27.5028.0727.2827.3812.2M
AppleAAPL247.58250.01246.62247.6411.4M
Gilead SciencesGILD34.2634.3433.7033.8610.7M
Bristol-Myers SquibbBMY26.2426.3426.0426.2810.4M
Abbott LaboratoriesABT50.0550.4349.7750.3410M
AltriaMO22.3422.6022.1522.609.92M
Wal-Mart StoresWMT50.1750.5750.0650.419.65M
ConocoPhillipsCOP54.8054.9754.3054.939.42M
Johnson & JohnsonJNJ57.9958.1157.4758.018.75M
ChevronCVX77.1177.8376.3777.717.28M
Coca-ColaKO55.5155.9355.1255.886.98M
Walt Disney & Co.DIS33.4433.7533.1133.666.92M
MerckMRK34.7735.0034.5934.976.89M
SchlumbergerSLB58.5159.8358.4059.375.97M
AmgenAMGN54.3854.6053.5754.085.64M
UnitedHealth GroupUNH31.8531.9931.3731.905.23M
McDonald'sMCD71.7672.1271.5471.794.94M
AmazonAMZN123.61127.37123.04126.074.02M
International Business MachinesIBM127.47128.23126.96127.774.01M
PepsicoPEP65.3065.5064.8065.433.56M
BoeingBA64.2764.9363.6564.403.03M
Berkshire HathawayBRK.B76.5077.2576.0476.842.95M
VisaV72.0873.2471.8072.832.68M
AlphabetGOOGL483.68489.87480.50485.592.61M
United TechnologiesUTX70.2070.7869.5070.352.59M
3MMMM83.3383.9682.3383.432.36M
Union PacificUNP72.2373.4372.2373.092.04M
Exchange Rates of August 16, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85.310 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.043 CAD1 CAD = 0.959 USD
US DollarSwiss Franc1 USD = 1.039 CHF1 CHF = 0.962 USD
US DollarChinese Yuan1 USD = 6.805 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 109.400 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.819 GBP1 GBP = 1.221 EUR
EuroAustralian Dollar1 EUR = 1.429 AUD1 AUD = 0.700 EUR
EuroCanadian Dollar1 EUR = 1.337 CAD1 CAD = 0.748 EUR
EuroSwiss Franc1 EUR = 1.333 CHF1 CHF = 0.750 EUR
EuroChinese Yuan1 EUR = 8.724 CNY1 CNY = 0.115 EUR
Japanese YenPound Sterling1 JPY = 0.748 GBP1 GBP = 1.336 JPY
Japanese YenAustralian Dollar1 JPY = 1.305 AUD1 AUD = 0.766 JPY
Japanese YenCanadian Dollar1 JPY = 1.222 CAD1 CAD = 0.818 JPY
Japanese YenSwiss Franc1 JPY = 1.218 CHF1 CHF = 0.821 JPY
Pound SterlingAustralian Dollar1 GBP = 1.745 AUD1 AUD = 0.573 GBP
Pound SterlingCanadian Dollar1 GBP = 1.633 CAD1 CAD = 0.612 GBP
Pound SterlingSwiss Franc1 GBP = 1.627 CHF1 CHF = 0.615 GBP
Pound SterlingChinese Yuan1 GBP = 10.642 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.936 CAD1 CAD = 1.069 AUD
Australian DollarSwiss Franc1 AUD = 0.932 CHF1 CHF = 1.073 AUD
Australian DollarChinese Yuan1 AUD = 6.105 CNY1 CNY = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 0.996 CHF1 CHF = 1.004 CAD
Canadian DollarChinese Yuan1 CAD = 6.520 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.544 CNY1 CNY = 0.153 CHF

See what else happened on August 16, 2010