Financial news on September 1st, 2008

Business and Financial news
Another Voice Warns of an Innovation Slowdown

Judy Estrin’s book is the latest call to action by scientists, technologists and political leaders worried about the country’s future competitiveness in technology. Read more..

By CLAIRE CAIN MILLER - The New York Times

A Prophet of Katrina’s Wrath Returns to His Storm Vigil

In 2002, Mark Schleifstein and his colleagues published a five-day report about the vulnerabilities Louisiana would face if a major hurricane hit. And three years later, the time came. Read more..

By BRIAN STELTER - The New York Times

Commerzbank to Acquire Allianz’s Banking Arm for $14 Billion

Under the terms of the deal, Commerzbank will initially acquire 60.2 percent of Dresdner, one of the oldest German banks, and will buy the remainder by the end of next year. Read more..

By DAVID JOLLY - The New York Times

Googling in Person to Make Friends

Advertisers are grappling with the idea of Google, which spent many of its early years avoiding — and infuriating — advertising agencies, now shifting to embrace them. Read more..


In Denver, a Thousand Little Pieces

The new media players who came to the Democratic convention were not there just to annotate mainstream coverage: they’re in the hunt themselves. Read more..

By DAVID CARR - The New York Times

Is a Coke Promotion Betraying Its Loyalists?

Changes in a loyalty program for Coke drinkers has upset some collectors of bottle-cap codes. Read more..


Network Promotes Fall Show by Not Letting Anyone See It

The CW marketing philosophy was old-fashioned and basic: do not give the show to anybody. Not to Web sites that might stream it or critics who might savage it. Read more..

By BILL CARTER - The New York Times

Treasury Auctions Set for This Week

The Treasury’s schedule of financing this week included the regular weekly auction on Thursday of new three- and six-month bills and an auction of four-week bills on Tuesday. Read more..

By THE NEW YORK TIMES - The New York Times

Exchange Rates of September 1st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.130 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.067 CAD1 CAD = 0.937 USD
US DollarSwiss Franc1 USD = 1.102 CHF1 CHF = 0.907 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 157.640 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.811 GBP1 GBP = 1.234 EUR
EuroAustralian Dollar1 EUR = 1.718 AUD1 AUD = 0.582 EUR
EuroCanadian Dollar1 EUR = 1.557 CAD1 CAD = 0.642 EUR
EuroSwiss Franc1 EUR = 1.608 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.514 GBP1 GBP = 1.946 JPY
Japanese YenAustralian Dollar1 JPY = 1.089 AUD1 AUD = 0.918 JPY
Japanese YenCanadian Dollar1 JPY = 0.988 CAD1 CAD = 1.013 JPY
Japanese YenSwiss Franc1 JPY = 1.020 CHF1 CHF = 0.980 JPY
Pound SterlingAustralian Dollar1 GBP = 2.119 AUD1 AUD = 0.472 GBP
Pound SterlingCanadian Dollar1 GBP = 1.921 CAD1 CAD = 0.520 GBP
Pound SterlingSwiss Franc1 GBP = 1.984 CHF1 CHF = 0.504 GBP
Australian DollarCanadian Dollar1 AUD = 0.906 CAD1 CAD = 1.104 AUD
Australian DollarSwiss Franc1 AUD = 0.936 CHF1 CHF = 1.069 AUD
Canadian DollarSwiss Franc1 CAD = 1.032 CHF1 CHF = 0.969 CAD

See what else happened on September 1st, 2008