Financial news on July 28th, 2008

Business and Financial news
After Delay, KKR Finds a Way to Go Public

The plan would value Kohlberg Kravis Roberts, the storied private equity firm, at $12 billion to $15 billion. Read more..

By ANDREW ROSS SORKIN - The New York Times

A Media Powerhouse Everyone and Nobody Knows

Aviv Nevo took a modest inheritance and parlayed it into a fortune by investing in media and Internet companies. Read more..

By TIM ARANGO - The New York Times

Can’t Decide? Look for the Label

A new study found that consumers are able to handle a greater number of product choices in stores if the products are categorized. Read more..

By ALEX MINDLIN - The New York Times

Cement Producer Seeks Spotlight for Brand

Defying the slump in the U.S construction industry, one maker of building materials is launching a campaign to promote its efforts at spreading sustainable construction. Read more..

By JANE L. LEVERE - The New York Times

Donald Stokes, 94, Auto Tycoon, Dies

Mr. Stokes was at the heart of the rise and fall of Britain’s automotive industry in the 1960s as chairman of the British Leyland Motor Corporation. Read more..

By JULIA WERDIGIER - The New York Times

Indiana Jones and the Temple of Absurdly Implausible Excess

Is “nuked the fridge” the new “jumped the shark”? The phrase, inspired by a scene from the latest Indiana Jones film, is gaining traction online. Read more..

By NOAM COHEN - The New York Times

India’s New Partnership: Bollywood and Hip-Hop

Indians are getting their first encounter with American rapper Snoop Dogg, who sings a rap song in a Sikh turban in “Singh is Kinng.” Read more..

By HEATHER TIMMONS - The New York Times

Leftover Ad Space? Exchanges Handle the Remnants

Because there are usually lower fees, buying off exchanges tends to be cheaper -- though more labor-intensive -- than buying through networks. Read more..


Say So Long to an Old Companion: Cassette Tapes

There was a funeral the other day at the Manhattan offices of book publisher Hachette to mourn the passing of what it called a “dear friend” -- the cassette tape. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Treasury Auctions Set for This Week

The Treasury’s schedule of financing this week includes the regular weekly auction of new three- and six-month bills and auctions of four-week bills and one-year bills. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE28,7028,9527,6527,6949.3M
Wells Fargo & Co.WFC29,0029,6727,8027,9346.6M
Cisco SystemsCSCO22,3222,8121,9421,9843M
JPMorgan ChaseJPM39,4140,6537,4137,6641.7M
AT&T Inc.T31,4931,5030,6030,6327.6M
Verizon CommunicationsVZ34,0734,3333,3533,6021.6M
Oracle Corp.ORCL20,7121,1020,6920,7220.9M
Wal-Mart StoresWMT56,7957,2055,9556,0215.4M
Walt Disney & Co.DIS31,3331,3330,4630,5013.7M
Abbott LaboratoriesABT57,1857,1856,0756,2112.8M
Procter & GamblePG64,3964,4563,6563,8312.6M
Home DepotHD23,4424,0923,0723,1611.4M
HP Inc.HPQ43,4743,8342,6943,0011M
Johnson & JohnsonJNJ68,9668,9968,4268,489.81M
Gilead SciencesGILD54,2154,6952,4952,679.22M
Bristol-Myers SquibbBMY22,0522,3021,8321,918.97M
UnitedHealth GroupUNH27,4727,9526,7826,788.84M
International Business MachinesIBM127,69128,44126,13126,256.1M
United TechnologiesUTX65,4865,4864,0164,074.65M
Union PacificUNP78,0978,9276,5476,583.95M
Berkshire HathawayBRK.B3770,003775,003701,003730,0022.5K
Exchange Rates of July 28th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107,490 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,022 CAD1 CAD = 0,978 USD
US DollarSwiss Franc1 USD = 1,034 CHF1 CHF = 0,967 USD
US DollarChinese Yuan1 USD = 6,838 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 169,170 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,789 GBP1 GBP = 1,268 EUR
EuroAustralian Dollar1 EUR = 1,644 AUD1 AUD = 0,608 EUR
EuroCanadian Dollar1 EUR = 1,608 CAD1 CAD = 0,622 EUR
EuroSwiss Franc1 EUR = 1,628 CHF1 CHF = 0,614 EUR
Japanese YenPound Sterling1 JPY = 0,466 GBP1 GBP = 2,145 JPY
Japanese YenAustralian Dollar1 JPY = 0,971 AUD1 AUD = 1,030 JPY
Japanese YenCanadian Dollar1 JPY = 0,950 CAD1 CAD = 1,052 JPY
Japanese YenSwiss Franc1 JPY = 0,962 CHF1 CHF = 1,039 JPY
Pound SterlingAustralian Dollar1 GBP = 2,084 AUD1 AUD = 0,480 GBP
Pound SterlingCanadian Dollar1 GBP = 2,039 CAD1 CAD = 0,491 GBP
Pound SterlingSwiss Franc1 GBP = 2,063 CHF1 CHF = 0,485 GBP
Australian DollarCanadian Dollar1 AUD = 0,978 CAD1 CAD = 1,023 AUD
Australian DollarSwiss Franc1 AUD = 0,990 CHF1 CHF = 1,011 AUD
Canadian DollarSwiss Franc1 CAD = 1,012 CHF1 CHF = 0,988 CAD

See what else happened on July 28th, 2008