Financial news on September 08, 2016

Business and Financial news
China’s Big Debt Worries George Soros. Should It Worry You?

China is in midst of huge borrowing surge, with its 2015 debt load at $26.6 trillion, five times of that in 2005; some economists are concerned, comparing it to United States before 2008 financial crisis, while others point out nation's debt is less risky because it is backed by people's savings. Read more..

By MICHAEL SCHUMAN - The New York Times

Dell Gets Bigger and Hewlett Packard Gets Smaller in Separate Deals

Michael Dell completes $67 billion merger of Dell Inc with data storage company EMC; separately, Hewlett Packard Enterprise chief executive Meg Whitman sells most of competing firm's software assets to British company Micro Focus for about $8.8 billion. Read more..

By QUENTIN HARDY - The New York Times

Extending the Power of OS X Photos

Apple’s free image-editing software for the Mac becomes more versatile when you add in little third-party programs. Read more..

By J. D. BIERSDORFER - The New York Times

Full ‘Medical Records’ for Trump and Clinton? That’s Fiction

Hillary Clinton’s records are in bits and pieces, in file cabinets and computers, just like yours. Read more..

By MARGOT SANGER-KATZ - The New York Times

How to Assess Private Flood Insurance

As rates for federal flood insurance increased, some insurers saw a market for private policies. But consumers should weigh how the policies compare. Read more..

By ANN CARRNS - The New York Times

Intel Sells Majority Stake in McAfee Security Unit to TPG

Intel says it has sold majority stake in its McAfee cybersecurity unit to investment firm TPG for about $4.2 billion; move will give McAfee independence. Read more..

By MICHAEL J. de la MERCED and QUENTIN HARDY - The New York Times

No Clear Logic in Verizon’s Digital Media Venture

Verizon’s acquisitions of Yahoo and AOL raise legitimate questions about the judgment of Verizon’s management. Read more..

By WILLIAM D. COHAN - The New York Times

Private Equity Tries to Chip Away at Dodd-Frank With House Bill

The House is expected to pass a bill that will loosen the information that the industry must report to regulators about the nature of its investments. Read more..

By BEN PROTESS and DANIELLE IVORY - The New York Times

Shakiness of Giant Deals Poses No Threat to 2015 Record

More than $750 billion worth of acquisitions proposed last year have been abandoned, and more hang in the balance, but $4.4 trillion in deals were made. Read more..

By JEFFREY GOLDFARB - The New York Times

What’s Really Missing From the New iPhone: Cutting-Edge Design

Farhad Manjoo State of the Art column comments that lack of headphone jack in Apple's latest iPhones 7 and 7 Plus is far from product's most egregious shortcoming; notes that phones lack dazzle and look mostly same as older models, staleness also observed by many industrial designers and tech critics. Read more..

By FARHAD MANJOO - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 107.25 107.27 105.24 105.52 53M
General Electric GE 31.00 31.05 30.90 31.04 30.3M
Procter & Gamble PG 87.95 88.18 87.63 87.78 23.5M
Intel INTC 36.35 36.59 36.12 36.44 20.4M
Microsoft MSFT 57.63 57.79 57.18 57.43 20.1M
Cisco Systems CSCO 31.72 31.75 31.42 31.47 19.9M
Pfizer PFE 34.71 34.81 34.62 34.72 18.2M
Oracle Corp. ORCL 40.93 41.00 40.60 40.72 16.7M
Facebook FB 130.92 131.08 129.81 130.27 15.7M
Wells Fargo & Co. WFC 49.81 49.99 49.56 49.90 14.2M
AT&T Inc. T 41.27 41.39 41.05 41.19 13.5M
JPMorgan Chase JPM 67.22 67.68 67.00 67.25 12.3M
General Motors GM 31.85 32.00 31.68 31.71 11.8M
Bristol-Myers Squibb BMY 56.63 57.25 56.28 56.81 11.6M
ConocoPhillips COP 41.92 43.34 41.67 43.28 10.7M
HP Inc. HPQ 14.60 14.69 14.55 14.63 10.3M
Coca-Cola KO 43.67 43.73 43.45 43.63 10M
Wal-Mart Stores WMT 71.89 72.32 71.71 71.83 9.66M
ExxonMobil XOM 88.55 89.37 88.04 89.05 9.58M
Merck MRK 62.45 63.29 62.33 63.24 9.19M
Verizon Communications VZ 53.60 53.88 53.43 53.60 9.01M
Gilead Sciences GILD 78.33 79.14 77.60 78.99 8.55M
Comcast CMCSA 66.22 66.44 65.86 66.16 8.11M
Visa V 83.02 83.63 82.59 82.97 7.96M
Abbott Laboratories ABT 42.12 42.12 41.65 41.85 7.69M
Walt Disney & Co. DIS 93.49 94.21 92.93 94.09 7.44M
Chevron CVX 103.34 104.35 102.47 104.12 5.79M
Home Depot HD 131.55 132.94 131.12 131.26 5.02M
Schlumberger SLB 78.99 79.76 78.23 79.38 4.85M
Johnson & Johnson JNJ 119.37 119.82 119.14 119.47 4.83M
Altria MO 66.84 67.08 66.17 66.40 4.72M
International Business Machines IBM 160.55 161.21 158.76 159.00 3.96M
Pepsico PEP 107.10 107.34 106.49 106.88 3.49M
McDonald's MCD 116.82 117.11 116.04 116.17 3.09M
Berkshire Hathaway BRK.B 149.60 150.10 149.30 149.78 2.96M
UnitedHealth Group UNH 134.47 135.62 134.41 135.44 2.83M
United Technologies UTX 105.61 106.16 105.52 105.75 2.81M
Boeing BA 132.32 132.91 131.51 132.90 2.62M
Amgen AMGN 170.07 171.36 169.73 170.97 2.61M
Union Pacific UNP 96.30 96.85 95.75 96.63 2.1M
Amazon AMZN 783.89 786.50 781.44 784.06 2.03M
3M MMM 179.19 180.21 178.94 180.10 1.42M
Alphabet GOOGL 805.22 808.42 801.01 802.84 1.18M
Exchange Rates of September 08, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.888 EUR 1 EUR = 1.127 USD
US Dollar Japanese Yen 1 USD = 102.376 JPY 1 JPY = 0.010 USD
US Dollar Pound Sterling 1 USD = 0.752 GBP 1 GBP = 1.330 USD
US Dollar Australian Dollar 1 USD = 1.308 AUD 1 AUD = 0.765 USD
US Dollar Canadian Dollar 1 USD = 1.293 CAD 1 CAD = 0.774 USD
US Dollar Swiss Franc 1 USD = 0.972 CHF 1 CHF = 1.029 USD
US Dollar Chinese Yuan 1 USD = 6.664 CNY 1 CNY = 0.150 USD
US Dollar Mexican Peso 1 USD = 18.674 MXN 1 MXN = 0.054 USD
US Dollar Swidish Krona 1 USD = 8.437 SEK 1 SEK = 0.119 USD
Euro Japanese Yen 1 EUR = 115.327 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.847 GBP 1 GBP = 1.181 EUR
Euro Australian Dollar 1 EUR = 1.473 AUD 1 AUD = 0.679 EUR
Euro Canadian Dollar 1 EUR = 1.456 CAD 1 CAD = 0.687 EUR
Euro Swiss Franc 1 EUR = 1.095 CHF 1 CHF = 0.913 EUR
Euro Chinese Yuan 1 EUR = 7.507 CNY 1 CNY = 0.133 EUR
Euro Mexican Peso 1 EUR = 21.032 MXN 1 MXN = 0.048 EUR
Euro Swidish Krona 1 EUR = 9.505 SEK 1 SEK = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.007 GBP 1 GBP = 136.986 JPY
Japanese Yen Australian Dollar 1 JPY = 0.013 AUD 1 AUD = 78.125 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.013 CAD 1 CAD = 79.365 JPY
Japanese Yen Swiss Franc 1 JPY = 0.010 CHF 1 CHF = 105.263 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.065 CNY 1 CNY = 15.385 JPY
Japanese Yen Mexican Peso 1 JPY = 0.182 MXN 1 MXN = 5.482 JPY
Japanese Yen Swidish Krona 1 JPY = 0.082 SEK 1 SEK = 12.151 JPY
Pound Sterling Australian Dollar 1 GBP = 1.739 AUD 1 AUD = 0.575 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.719 CAD 1 CAD = 0.582 GBP
Pound Sterling Swiss Franc 1 GBP = 1.293 CHF 1 CHF = 0.773 GBP
Pound Sterling Chinese Yuan 1 GBP = 8.861 CNY 1 CNY = 0.113 GBP
Pound Sterling Mexican Peso 1 GBP = 24.833 MXN 1 MXN = 0.040 GBP
Pound Sterling Swidish Krona 1 GBP = 11.220 SEK 1 SEK = 0.089 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.988 CAD 1 CAD = 1.012 AUD
Australian Dollar Swiss Franc 1 AUD = 0.743 CHF 1 CHF = 1.345 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.095 CNY 1 CNY = 0.196 AUD
Australian Dollar Mexican Peso 1 AUD = 14.279 MXN 1 MXN = 0.070 AUD
Australian Dollar Swidish Krona 1 AUD = 6.443 SEK 1 SEK = 0.155 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.752 CHF 1 CHF = 1.330 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.155 CNY 1 CNY = 0.194 CAD
Canadian Dollar Mexican Peso 1 CAD = 14.442 MXN 1 MXN = 0.069 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.525 SEK 1 SEK = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.853 CNY 1 CNY = 0.146 CHF
Swiss Franc Mexican Peso 1 CHF = 19.204 MXN 1 MXN = 0.052 CHF
Swiss Franc Swidish Krona 1 CHF = 8.680 SEK 1 SEK = 0.115 CHF

See what else happened on September 08, 2016