Financial news on August 20, 2008

Business and Financial news
A Small Empire Built on Cuddly and Fuzzy Branches Out From the Web

Given all the nastiness on the Internet -- blog trolls, flame wars, vicious gossip, pornography, snark and spam -- what better antidote is there than looking at pictures of cute animals? Read more..

By DAN MITCHELL - The New York Times

California Licenses 2 Companies to Offer Gene Services

Two closely watched companies that offer consumers information about their genes have received licenses that will allow them to continue to do business in California. Read more..

By ANDREW POLLACK - The New York Times

China: Olympics Help Tsingtao Sales

Tsingtao Brewery, China’s largest beer company by sales, said first-half profit rose 32 percent after publicity from sponsoring the Beijing Olympics increased demand. Read more..

By BLOOMBERG NEWS - The New York Times

Hewlett’s Printing Business Struggles

Hewlett-Packard, the world’s largest technology company, continues to roll along financially -- except in one traditional core business -- its printing business. Read more..

By MATT RICHTEL - The New York Times

Higher Costs Are Taking a Toll on Business

Businesses have been passing the costs on to consumers, just as joblessness expands and spending power shrinks. Read more..

By MICHAEL M. GRYNBAUM and PETER S. GOODMAN - The New York Times

It May Be a Jungle Out There, but No Longer in the Lobby

The interior landscaping industry finds itself in a difficult place as tastes seem to be leaning toward fewer plants in building lobbies. Read more..

By C. J. HUGHES - The New York Times

News Corp. Reports Murdoch’s Income

The News Corporation reported compensation of $27.5 million for its chairman, Rupert Murdoch, for its 2008 fiscal year. Read more..

By BLOOMBERG NEWS - The New York Times

Owner Gives Executives Time to Fix Chrysler

Top Chrysler executives are determined to fix the company, and executives at Cerberus Capital, Chrysler’s new private-equity owner, say they will get the chance. Read more..

By BILL VLASIC - The New York Times

Some Investors Say U.S. Bailout of Housing Giants Is Inevitable

Shares of Fannie Mae and Freddie Mac declined almost 25 percent on concerns that the companies will need a bailout from the federal government. Read more..

By CHARLES DUHIGG and VIKAS BAJAJ - The New York Times

South Africa: Diamond Prices Up 16%

De Beers, the world’s largest producer of rough diamonds, said prices had increased an average of 16 percent since the beginning of the year. Read more..

By DOW JONES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23,7423,8023,1523,3954.2M
Wells Fargo & Co.WFC28,0129,0127,1728,9252.8M
MicrosoftMSFT27,5427,5827,1727,2941.5M
General ElectricGE28,7428,9328,0928,6540.7M
JPMorgan ChaseJPM35,5237,0735,0237,0039.1M
HP Inc.HPQ45,0046,3644,8046,1633.2M
Cisco SystemsCSCO24,3424,4824,0124,2332M
PfizerPFE19,3619,4319,0619,2830.3M
ExxonMobilXOM78,5479,6677,3878,8126M
Oracle Corp.ORCL22,6822,9522,5022,6621.9M
AT&T Inc.T30,9631,0130,3930,6921M
Home DepotHD26,0126,4425,6725,9719M
AppleAAPL174,77176,94173,61175,8418.1M
ComcastCMCSA21,6621,7521,1021,2817M
ConocoPhillipsCOP80,0981,1679,4480,8516.6M
Wal-Mart StoresWMT58,5258,6557,6858,3612.9M
Walt Disney & Co.DIS31,8632,2031,4031,8212.4M
ChevronCVX85,3287,0084,5086,4611.7M
Bristol-Myers SquibbBMY21,4921,8321,3421,5211.6M
Verizon CommunicationsVZ34,3534,7533,8334,4511.5M
Procter & GamblePG70,6870,7669,6870,3011M
Johnson & JohnsonJNJ71,1871,5570,5971,0810.3M
Abbott LaboratoriesABT58,6658,9757,8858,349.88M
MerckMRK35,2535,4334,7034,949.69M
AmgenAMGN64,0564,2963,4063,579.58M
SchlumbergerSLB93,9096,1092,9295,628.89M
AltriaMO21,0721,0720,7520,998.34M
AlphabetGOOGL494,72496,69482,57485,007.96M
UnitedHealth GroupUNH30,9530,9629,8930,247.08M
International Business MachinesIBM123,50123,97122,01122,516.87M
Gilead SciencesGILD55,0755,5554,1354,625.97M
AmazonAMZN82,0083,2581,2082,135.95M
Coca-ColaKO54,5554,7453,9054,355.52M
Union PacificUNP77,4978,3076,9077,834.99M
McDonald'sMCD62,6462,6761,9662,434.63M
VisaV74,1074,7173,6674,574.53M
United TechnologiesUTX64,9865,1563,9964,754.52M
PepsicoPEP70,3770,3769,4069,854.08M
BoeingBA62,9963,9762,2163,213.96M
3MMMM71,2471,4370,2970,692.93M
Berkshire HathawayBRK.B3885,003908,003845,003855,0017.1K
Exchange Rates of August 20, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 109,810 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,060 CAD1 CAD = 0,943 USD
US DollarSwiss Franc1 USD = 1,099 CHF1 CHF = 0,910 USD
US DollarChinese Yuan1 USD = 6,855 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 161,890 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,792 GBP1 GBP = 1,263 EUR
EuroAustralian Dollar1 EUR = 1,689 AUD1 AUD = 0,592 EUR
EuroCanadian Dollar1 EUR = 1,563 CAD1 CAD = 0,640 EUR
EuroSwiss Franc1 EUR = 1,620 CHF1 CHF = 0,617 EUR
Japanese YenPound Sterling1 JPY = 0,489 GBP1 GBP = 2,045 JPY
Japanese YenAustralian Dollar1 JPY = 1,043 AUD1 AUD = 0,959 JPY
Japanese YenCanadian Dollar1 JPY = 0,965 CAD1 CAD = 1,036 JPY
Japanese YenSwiss Franc1 JPY = 1,000 CHF1 CHF = 1,000 JPY
Pound SterlingAustralian Dollar1 GBP = 2,133 AUD1 AUD = 0,469 GBP
Pound SterlingCanadian Dollar1 GBP = 1,973 CAD1 CAD = 0,507 GBP
Pound SterlingSwiss Franc1 GBP = 2,044 CHF1 CHF = 0,489 GBP
Australian DollarCanadian Dollar1 AUD = 0,925 CAD1 CAD = 1,082 AUD
Australian DollarSwiss Franc1 AUD = 0,958 CHF1 CHF = 1,044 AUD
Canadian DollarSwiss Franc1 CAD = 1,036 CHF1 CHF = 0,965 CAD

See what else happened on August 20, 2008