Financial news on July 28, 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..

By STEPHANIE CLIFFORD - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Amgen AMGN 62.00 62.50 59.53 60.48 62.5M
Microsoft MSFT 25.93 26.11 25.34 25.50 59.7M
Intel INTC 21.86 22.00 21.61 21.67 49.9M
General Electric GE 28.70 28.95 27.65 27.69 49.3M
Wells Fargo & Co. WFC 29.00 29.67 27.80 27.93 46.6M
Cisco Systems CSCO 22.32 22.81 21.94 21.98 43M
JPMorgan Chase JPM 39.41 40.65 37.41 37.66 41.7M
Pfizer PFE 18.87 18.91 18.34 18.36 35.8M
Apple AAPL 162.18 162.47 154.02 154.40 27.9M
AT&T Inc. T 31.49 31.50 30.60 30.63 27.6M
ExxonMobil XOM 81.87 82.23 80.65 80.68 24M
Verizon Communications VZ 34.07 34.33 33.35 33.60 21.6M
Oracle Corp. ORCL 20.71 21.10 20.69 20.72 20.9M
Comcast CMCSA 19.46 19.63 18.85 18.90 18.3M
Wal-Mart Stores WMT 56.79 57.20 55.95 56.02 15.4M
ConocoPhillips COP 83.08 83.34 81.41 82.25 14.5M
Walt Disney & Co. DIS 31.33 31.33 30.46 30.50 13.7M
Merck MRK 32.68 32.68 31.95 32.06 13.4M
Abbott Laboratories ABT 57.18 57.18 56.07 56.21 12.8M
Procter & Gamble PG 64.39 64.45 63.65 63.83 12.6M
Home Depot HD 23.44 24.09 23.07 23.16 11.4M
HP Inc. HPQ 43.47 43.83 42.69 43.00 11M
Chevron CVX 82.86 83.47 82.13 82.49 11M
Amazon AMZN 77.09 78.31 74.86 75.98 10.5M
Johnson & Johnson JNJ 68.96 68.99 68.42 68.48 9.81M
Gilead Sciences GILD 54.21 54.69 52.49 52.67 9.22M
Bristol-Myers Squibb BMY 22.05 22.30 21.83 21.91 8.97M
Visa V 72.41 73.60 70.25 70.55 8.92M
UnitedHealth Group UNH 27.47 27.95 26.78 26.78 8.84M
Altria MO 21.14 21.19 20.81 20.90 8.32M
Schlumberger SLB 99.00 99.80 97.51 97.64 8.03M
McDonald's MCD 58.70 59.08 57.70 57.79 7.27M
Coca-Cola KO 52.00 52.06 51.11 51.15 7.02M
Alphabet GOOGL 492.09 492.09 475.13 477.12 6.31M
Boeing BA 63.82 64.06 62.26 62.34 6.25M
International Business Machines IBM 127.69 128.44 126.13 126.25 6.1M
3M MMM 70.87 70.99 69.39 69.63 4.83M
United Technologies UTX 65.48 65.48 64.01 64.07 4.65M
Pepsico PEP 67.21 67.30 66.29 66.71 4.5M
Union Pacific UNP 78.09 78.92 76.54 76.58 3.95M
Berkshire Hathaway BRK.B 3770.00 3775.00 3701.00 3730.00 22.5K
Exchange Rates of July 28, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 107.490 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.022 CAD 1 CAD = 0.978 USD
US Dollar Swiss Franc 1 USD = 1.034 CHF 1 CHF = 0.967 USD
US Dollar Chinese Yuan 1 USD = 6.838 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 169.170 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.789 GBP 1 GBP = 1.268 EUR
Euro Australian Dollar 1 EUR = 1.644 AUD 1 AUD = 0.608 EUR
Euro Canadian Dollar 1 EUR = 1.608 CAD 1 CAD = 0.622 EUR
Euro Swiss Franc 1 EUR = 1.628 CHF 1 CHF = 0.614 EUR
Japanese Yen Pound Sterling 1 JPY = 0.466 GBP 1 GBP = 2.145 JPY
Japanese Yen Australian Dollar 1 JPY = 0.971 AUD 1 AUD = 1.030 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.950 CAD 1 CAD = 1.052 JPY
Japanese Yen Swiss Franc 1 JPY = 0.962 CHF 1 CHF = 1.039 JPY
Pound Sterling Australian Dollar 1 GBP = 2.084 AUD 1 AUD = 0.480 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.039 CAD 1 CAD = 0.491 GBP
Pound Sterling Swiss Franc 1 GBP = 2.063 CHF 1 CHF = 0.485 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.978 CAD 1 CAD = 1.023 AUD
Australian Dollar Swiss Franc 1 AUD = 0.990 CHF 1 CHF = 1.011 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.012 CHF 1 CHF = 0.988 CAD

See what else happened on July 28, 2008