Financial news on July 29, 2008
Business and Financial news
Regulators, bankers and traders, led by Treasury Secretary Henry M. Paulson Jr., all pledged to do their best to get a “covered bond market” going in the U.S. Read more..
Gina Trapani, an expert on navigating the demands and complexities of modern technology, discusses how to be more productive at work. Read more..
A German court convicted a former manager at Siemens of misuse of funds in the first verdict stemming from a bribery scandal at the company. Read more..
The collapse of IndyMac, one of the nation’s largest mortgage lenders, was the most vivid example to date of the dangers confronting banks and their investors. Read more..
Opel and Vauxhall, General Motors’ biggest-selling brands in Europe, are getting new logos that aim to “send a message that something is happening with these brands.” Read more..
Merrill Lynch said it expected to take a $5.7 billion write-down because of losses on its mortgage assets. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 25.52 | 26.19 | 25.40 | 26.11 | 66.4M |
| Wells Fargo & Co. | WFC | 28.17 | 30.46 | 27.73 | 30.46 | 62.3M |
| JPMorgan Chase | JPM | 37.94 | 40.75 | 37.18 | 40.75 | 50.5M |
| Intel | INTC | 21.95 | 22.25 | 21.64 | 22.23 | 47.5M |
| General Electric | GE | 27.78 | 28.40 | 27.75 | 28.40 | 45.7M |
| Cisco Systems | CSCO | 22.19 | 22.52 | 22.07 | 22.42 | 43.1M |
| Comcast | CMCSA | 19.05 | 19.60 | 18.83 | 19.18 | 35.1M |
| Amgen | AMGN | 63.19 | 64.00 | 61.75 | 62.28 | 33M |
| Pfizer | PFE | 18.42 | 18.61 | 18.34 | 18.53 | 32.5M |
| Oracle Corp. | ORCL | 20.85 | 21.57 | 20.84 | 21.43 | 31.8M |
| AT&T Inc. | T | 30.68 | 31.10 | 30.56 | 30.70 | 28.9M |
| ExxonMobil | XOM | 80.83 | 81.20 | 79.75 | 80.90 | 25.9M |
| Apple | AAPL | 156.55 | 159.45 | 153.65 | 157.08 | 24.4M |
| Bristol-Myers Squibb | BMY | 21.94 | 22.11 | 21.02 | 21.53 | 20.6M |
| Abbott Laboratories | ABT | 56.92 | 57.09 | 55.66 | 55.94 | 19M |
| ConocoPhillips | COP | 81.80 | 82.40 | 79.30 | 80.27 | 17.7M |
| Wal-Mart Stores | WMT | 56.40 | 57.50 | 56.09 | 57.45 | 17.7M |
| HP Inc. | HPQ | 43.22 | 44.50 | 43.02 | 44.13 | 16.9M |
| Verizon Communications | VZ | 33.79 | 34.42 | 33.69 | 34.13 | 16.6M |
| Procter & Gamble | PG | 63.95 | 65.61 | 63.80 | 65.54 | 16.5M |
| Home Depot | HD | 23.30 | 24.44 | 23.24 | 24.33 | 15.5M |
| Chevron | CVX | 82.62 | 83.69 | 81.46 | 82.84 | 14.1M |
| Walt Disney & Co. | DIS | 30.60 | 31.12 | 30.41 | 30.92 | 13.3M |
| Merck | MRK | 32.08 | 32.47 | 31.56 | 32.41 | 13.1M |
| Johnson & Johnson | JNJ | 68.55 | 69.00 | 68.30 | 68.48 | 13M |
| Visa | V | 71.03 | 75.97 | 71.01 | 75.97 | 12.3M |
| Altria | MO | 20.92 | 21.47 | 20.87 | 21.37 | 11.2M |
| Schlumberger | SLB | 97.86 | 98.13 | 95.54 | 96.23 | 10.7M |
| McDonald's | MCD | 58.30 | 60.00 | 57.97 | 59.70 | 10.2M |
| Pepsico | PEP | 66.75 | 67.25 | 66.54 | 66.98 | 8.21M |
| Coca-Cola | KO | 51.21 | 51.81 | 51.12 | 51.57 | 8.12M |
| UnitedHealth Group | UNH | 26.85 | 27.66 | 26.62 | 27.53 | 7.62M |
| Gilead Sciences | GILD | 53.61 | 54.05 | 53.17 | 53.98 | 7.61M |
| Union Pacific | UNP | 76.84 | 81.21 | 76.02 | 81.01 | 6.78M |
| Amazon | AMZN | 76.49 | 78.80 | 76.16 | 78.21 | 6.77M |
| International Business Machines | IBM | 126.54 | 128.17 | 126.25 | 127.66 | 5.98M |
| United Technologies | UTX | 64.04 | 65.63 | 64.00 | 65.52 | 5.7M |
| Boeing | BA | 62.64 | 63.50 | 62.32 | 63.21 | 5.62M |
| Alphabet | GOOGL | 479.30 | 487.26 | 478.00 | 483.11 | 5.6M |
| 3M | MMM | 69.77 | 70.57 | 69.55 | 70.49 | 3.6M |
| Berkshire Hathaway | BRK.B | 3750.00 | 3750.00 | 3707.00 | 3715.00 | 23.1K |
Exchange Rates of July 29, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 108.150 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.024 CAD | 1 CAD = 0.977 USD |
| US Dollar | Swiss Franc | 1 USD = 1.047 CHF | 1 CHF = 0.955 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.826 CNY | 1 CNY = 0.147 USD |
| Euro | Japanese Yen | 1 EUR = 168.550 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.787 GBP | 1 GBP = 1.271 EUR |
| Euro | Australian Dollar | 1 EUR = 1.636 AUD | 1 AUD = 0.611 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.595 CAD | 1 CAD = 0.627 EUR |
| Euro | Swiss Franc | 1 EUR = 1.631 CHF | 1 CHF = 0.613 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.467 GBP | 1 GBP = 2.143 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 0.970 AUD | 1 AUD = 1.031 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.946 CAD | 1 CAD = 1.057 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 0.968 CHF | 1 CHF = 1.034 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.079 AUD | 1 AUD = 0.481 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.027 CAD | 1 CAD = 0.493 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.072 CHF | 1 CHF = 0.483 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.975 CAD | 1 CAD = 1.026 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.996 CHF | 1 CHF = 1.004 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.022 CHF | 1 CHF = 0.978 CAD |
See what else happened on July 29, 2008