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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 21.24 22.12 21.22 21.91 88.6M
General Electric GE 15.29 15.49 15.15 15.46 56.4M
Intel INTC 19.14 19.56 19.11 19.47 48.7M
Microsoft MSFT 24.36 24.61 24.30 24.50 40.9M
Pfizer PFE 15.98 16.17 15.85 16.03 36.3M
JPMorgan Chase JPM 37.32 37.82 37.28 37.69 28.3M
Wells Fargo & Co. WFC 25.67 25.91 25.52 25.68 24.6M
HP Inc. HPQ 40.51 41.09 40.35 40.55 22.9M
AT&T Inc. T 26.63 26.71 26.48 26.65 19.9M
Oracle Corp. ORCL 22.51 23.00 22.35 22.72 19.5M
ExxonMobil XOM 59.60 60.25 59.25 59.88 14.3M
Verizon Communications VZ 29.94 30.15 29.72 29.96 14.1M
Procter & Gamble PG 59.63 60.20 59.32 59.77 13.1M
Comcast CMCSA 17.83 17.95 17.61 17.75 12.3M
Home Depot HD 27.50 28.07 27.28 27.38 12.2M
Apple AAPL 247.58 250.01 246.62 247.64 11.4M
Gilead Sciences GILD 34.26 34.34 33.70 33.86 10.7M
Bristol-Myers Squibb BMY 26.24 26.34 26.04 26.28 10.4M
Abbott Laboratories ABT 50.05 50.43 49.77 50.34 10M
Altria MO 22.34 22.60 22.15 22.60 9.92M
Wal-Mart Stores WMT 50.17 50.57 50.06 50.41 9.65M
ConocoPhillips COP 54.80 54.97 54.30 54.93 9.42M
Johnson & Johnson JNJ 57.99 58.11 57.47 58.01 8.75M
Chevron CVX 77.11 77.83 76.37 77.71 7.28M
Coca-Cola KO 55.51 55.93 55.12 55.88 6.98M
Walt Disney & Co. DIS 33.44 33.75 33.11 33.66 6.92M
Merck MRK 34.77 35.00 34.59 34.97 6.89M
Schlumberger SLB 58.51 59.83 58.40 59.37 5.97M
Amgen AMGN 54.38 54.60 53.57 54.08 5.64M
UnitedHealth Group UNH 31.85 31.99 31.37 31.90 5.23M
McDonald's MCD 71.76 72.12 71.54 71.79 4.94M
Amazon AMZN 123.61 127.37 123.04 126.07 4.02M
International Business Machines IBM 127.47 128.23 126.96 127.77 4.01M
Pepsico PEP 65.30 65.50 64.80 65.43 3.56M
Boeing BA 64.27 64.93 63.65 64.40 3.03M
Berkshire Hathaway BRK.B 76.50 77.25 76.04 76.84 2.95M
Visa V 72.08 73.24 71.80 72.83 2.68M
Alphabet GOOGL 483.68 489.87 480.50 485.59 2.61M
United Technologies UTX 70.20 70.78 69.50 70.35 2.59M
3M MMM 83.33 83.96 82.33 83.43 2.36M
Union Pacific UNP 72.23 73.43 72.23 73.09 2.04M
Exchange Rates of August 16, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.310 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.043 CAD 1 CAD = 0.959 USD
US Dollar Swiss Franc 1 USD = 1.039 CHF 1 CHF = 0.962 USD
US Dollar Chinese Yuan 1 USD = 6.805 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 109.400 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.819 GBP 1 GBP = 1.221 EUR
Euro Australian Dollar 1 EUR = 1.429 AUD 1 AUD = 0.700 EUR
Euro Canadian Dollar 1 EUR = 1.337 CAD 1 CAD = 0.748 EUR
Euro Swiss Franc 1 EUR = 1.333 CHF 1 CHF = 0.750 EUR
Euro Chinese Yuan 1 EUR = 8.724 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.748 GBP 1 GBP = 1.336 JPY
Japanese Yen Australian Dollar 1 JPY = 1.305 AUD 1 AUD = 0.766 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.222 CAD 1 CAD = 0.818 JPY
Japanese Yen Swiss Franc 1 JPY = 1.218 CHF 1 CHF = 0.821 JPY
Pound Sterling Australian Dollar 1 GBP = 1.745 AUD 1 AUD = 0.573 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.633 CAD 1 CAD = 0.612 GBP
Pound Sterling Swiss Franc 1 GBP = 1.627 CHF 1 CHF = 0.615 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.642 CNY 1 CNY = 0.094 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.936 CAD 1 CAD = 1.069 AUD
Australian Dollar Swiss Franc 1 AUD = 0.932 CHF 1 CHF = 1.073 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.105 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.996 CHF 1 CHF = 1.004 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.520 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.544 CNY 1 CNY = 0.153 CHF

See what else happened on August 16, 2010