Financial news on July 30th, 2008
Business and Financial news
The fire sale of mortgage investments at Merrill Lynch raises a troubling question for the nation’s financial industry: Have other banks with similar investments overestimated their values? Read more..
The retailing mix at Kennedy International Airport is changing, with more new and unexpected offerings and more restaurants than ever. Read more..
Teck Cominco, a major Canadian mining company, made a $14.4 billion bid for Fording Canadian Coal Trust, a producer of high-value coal used to make steel. Read more..
A developer is creating a $300 million mixed-use development on 18.5 acres on the Woonasquatucket River, about a mile from downtown in Providence, R.I. Read more..
The Calcutta-based brothers who developed Scrabulous bowed to legal pressure and barred North American users from playing the game on Facebook. Read more..
Alan Patricof took aim at Carl C. Icahn in a tongue-in-cheek post relating to Mr. Icahn’s recent deal with Yahoo to join the Internet giant’s board. Read more..
Soaring food costs and a surfeit of locations have hurt the casual dining sector’s bottom lines just as Americans are choosing to take more meals at home. Read more..
The marriage between Whole Foods Market and Wild Oats Markets was thrown into doubt again by a federal appeals court. Read more..
Despite pressure, the Department of Agriculture said it would not waive penalties for farmers who decide to plant crops on land set aside for conservation. Read more..
Viacom said that advertising revenue at its cable channels had been lower than expected in the second quarter. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Wells Fargo & Co. | WFC | 31.00 | 31.50 | 29.87 | 31.20 | 65.7M |
General Electric | GE | 28.73 | 29.35 | 28.56 | 28.97 | 55.4M |
Cisco Systems | CSCO | 22.59 | 22.69 | 21.80 | 22.17 | 52.6M |
Intel | INTC | 22.30 | 22.45 | 21.28 | 22.23 | 52.6M |
Microsoft | MSFT | 26.18 | 26.49 | 25.90 | 26.23 | 52M |
JPMorgan Chase | JPM | 41.41 | 42.07 | 39.97 | 41.57 | 48M |
Comcast | CMCSA | 19.70 | 20.59 | 19.68 | 20.07 | 37.5M |
ExxonMobil | XOM | 80.90 | 84.76 | 80.53 | 84.38 | 36.4M |
Oracle Corp. | ORCL | 21.37 | 21.45 | 20.97 | 21.31 | 31.7M |
Apple | AAPL | 157.71 | 160.49 | 156.08 | 159.88 | 25.9M |
AT&T Inc. | T | 30.92 | 31.09 | 30.53 | 30.91 | 23.7M |
ConocoPhillips | COP | 80.05 | 84.99 | 79.91 | 84.68 | 20.6M |
Abbott Laboratories | ABT | 56.10 | 57.69 | 55.77 | 56.85 | 19.9M |
Wal-Mart Stores | WMT | 57.61 | 59.00 | 57.61 | 58.56 | 19.4M |
Home Depot | HD | 24.70 | 25.00 | 23.30 | 23.74 | 19.3M |
Visa | V | 77.25 | 78.90 | 74.27 | 78.45 | 19M |
Walt Disney & Co. | DIS | 31.24 | 31.77 | 30.89 | 31.67 | 18.2M |
Chevron | CVX | 83.11 | 87.42 | 82.42 | 87.26 | 17.3M |
HP Inc. | HPQ | 44.49 | 45.17 | 44.25 | 45.06 | 16M |
Merck | MRK | 32.46 | 33.46 | 32.40 | 32.97 | 15.8M |
Amgen | AMGN | 61.96 | 63.07 | 61.16 | 62.30 | 15.3M |
Verizon Communications | VZ | 34.25 | 34.49 | 33.86 | 34.34 | 14.6M |
Procter & Gamble | PG | 65.43 | 66.76 | 65.43 | 66.57 | 13.6M |
Altria | MO | 21.30 | 21.86 | 21.18 | 21.70 | 13.5M |
Johnson & Johnson | JNJ | 68.70 | 68.70 | 67.71 | 68.08 | 13.5M |
Schlumberger | SLB | 96.18 | 102.41 | 95.50 | 102.41 | 13.2M |
UnitedHealth Group | UNH | 27.65 | 27.93 | 26.69 | 27.28 | 10.5M |
Bristol-Myers Squibb | BMY | 21.59 | 21.80 | 21.18 | 21.51 | 9.95M |
Coca-Cola | KO | 51.85 | 52.00 | 51.00 | 51.31 | 9.74M |
Pfizer | PFE | 18.69 | 19.11 | 18.60 | 18.88 | 9.7M |
Gilead Sciences | GILD | 53.96 | 54.59 | 53.00 | 53.91 | 8.1M |
Union Pacific | UNP | 81.36 | 83.91 | 81.13 | 83.25 | 8.09M |
Pepsico | PEP | 67.25 | 67.63 | 66.57 | 66.91 | 7.88M |
McDonald's | MCD | 60.05 | 60.78 | 59.90 | 60.45 | 7.74M |
Amazon | AMZN | 78.60 | 79.85 | 76.42 | 78.21 | 7.57M |
Alphabet | GOOGL | 485.50 | 486.02 | 472.81 | 482.70 | 6.97M |
Boeing | BA | 63.59 | 63.93 | 63.00 | 63.82 | 6.01M |
International Business Machines | IBM | 128.12 | 129.00 | 127.09 | 128.86 | 5.83M |
United Technologies | UTX | 65.64 | 66.62 | 65.38 | 66.25 | 5.7M |
3M | MMM | 70.75 | 71.44 | 70.05 | 71.30 | 3.86M |
Berkshire Hathaway | BRK.B | 3733.00 | 3805.00 | 3705.00 | 3805.00 | 44.8K |
Exchange Rates of July 30th, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 108.070 JPY | 1 JPY = 0.009 USD |
US Dollar | Canadian Dollar | 1 USD = 1.023 CAD | 1 CAD = 0.978 USD |
US Dollar | Swiss Franc | 1 USD = 1.048 CHF | 1 CHF = 0.954 USD |
US Dollar | Chinese Yuan | 1 USD = 6.827 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 168.340 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.786 GBP | 1 GBP = 1.272 EUR |
Euro | Australian Dollar | 1 EUR = 1.649 AUD | 1 AUD = 0.606 EUR |
Euro | Canadian Dollar | 1 EUR = 1.593 CAD | 1 CAD = 0.628 EUR |
Euro | Swiss Franc | 1 EUR = 1.633 CHF | 1 CHF = 0.612 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.467 GBP | 1 GBP = 2.143 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0.979 AUD | 1 AUD = 1.021 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.946 CAD | 1 CAD = 1.057 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.970 CHF | 1 CHF = 1.031 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.098 AUD | 1 AUD = 0.477 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.027 CAD | 1 CAD = 0.493 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.077 CHF | 1 CHF = 0.482 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.966 CAD | 1 CAD = 1.036 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.990 CHF | 1 CHF = 1.011 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.024 CHF | 1 CHF = 0.976 CAD |
See what else happened on July 30th, 2008