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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE31.0031.0530.9031.0430.3M
Procter & GamblePG87.9588.1887.6387.7823.5M
Cisco SystemsCSCO31.7231.7531.4231.4719.9M
Oracle Corp.ORCL40.9341.0040.6040.7216.7M
Wells Fargo & Co.WFC49.8149.9949.5649.9014.2M
AT&T Inc.T41.2741.3941.0541.1913.5M
JPMorgan ChaseJPM67.2267.6867.0067.2512.3M
General MotorsGM31.8532.0031.6831.7111.8M
Bristol-Myers SquibbBMY56.6357.2556.2856.8111.6M
HP Inc.HPQ14.6014.6914.5514.6310.3M
Wal-Mart StoresWMT71.8972.3271.7171.839.66M
Verizon CommunicationsVZ53.6053.8853.4353.609.01M
Gilead SciencesGILD78.3379.1477.6078.998.55M
Abbott LaboratoriesABT42.1242.1241.6541.857.69M
Walt Disney & Co.DIS93.4994.2192.9394.097.44M
Home DepotHD131.55132.94131.12131.265.02M
Johnson & JohnsonJNJ119.37119.82119.14119.474.83M
International Business MachinesIBM160.55161.21158.76159.003.96M
Berkshire HathawayBRK.B149.60150.10149.30149.782.96M
UnitedHealth GroupUNH134.47135.62134.41135.442.83M
United TechnologiesUTX105.61106.16105.52105.752.81M
Union PacificUNP96.3096.8595.7596.632.1M
Exchange Rates of September 08, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.888 EUR1 EUR = 1.127 USD
US DollarJapanese Yen1 USD = 102.376 JPY1 JPY = 0.010 USD
US DollarPound Sterling1 USD = 0.752 GBP1 GBP = 1.330 USD
US DollarAustralian Dollar1 USD = 1.308 AUD1 AUD = 0.765 USD
US DollarCanadian Dollar1 USD = 1.293 CAD1 CAD = 0.774 USD
US DollarSwiss Franc1 USD = 0.972 CHF1 CHF = 1.029 USD
US DollarChinese Yuan1 USD = 6.664 CNY1 CNY = 0.150 USD
US DollarMexican Peso1 USD = 18.674 MXN1 MXN = 0.054 USD
US DollarSwidish Krona1 USD = 8.437 SEK1 SEK = 0.119 USD
EuroJapanese Yen1 EUR = 115.327 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.847 GBP1 GBP = 1.181 EUR
EuroAustralian Dollar1 EUR = 1.473 AUD1 AUD = 0.679 EUR
EuroCanadian Dollar1 EUR = 1.456 CAD1 CAD = 0.687 EUR
EuroSwiss Franc1 EUR = 1.095 CHF1 CHF = 0.913 EUR
EuroChinese Yuan1 EUR = 7.507 CNY1 CNY = 0.133 EUR
EuroMexican Peso1 EUR = 21.032 MXN1 MXN = 0.048 EUR
EuroSwidish Krona1 EUR = 9.505 SEK1 SEK = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.007 GBP1 GBP = 136.986 JPY
Japanese YenAustralian Dollar1 JPY = 0.013 AUD1 AUD = 78.125 JPY
Japanese YenCanadian Dollar1 JPY = 0.013 CAD1 CAD = 79.365 JPY
Japanese YenSwiss Franc1 JPY = 0.010 CHF1 CHF = 105.263 JPY
Japanese YenChinese Yuan1 JPY = 0.065 CNY1 CNY = 15.385 JPY
Japanese YenMexican Peso1 JPY = 0.182 MXN1 MXN = 5.482 JPY
Japanese YenSwidish Krona1 JPY = 0.082 SEK1 SEK = 12.151 JPY
Pound SterlingAustralian Dollar1 GBP = 1.739 AUD1 AUD = 0.575 GBP
Pound SterlingCanadian Dollar1 GBP = 1.719 CAD1 CAD = 0.582 GBP
Pound SterlingSwiss Franc1 GBP = 1.293 CHF1 CHF = 0.773 GBP
Pound SterlingChinese Yuan1 GBP = 8.861 CNY1 CNY = 0.113 GBP
Pound SterlingMexican Peso1 GBP = 24.833 MXN1 MXN = 0.040 GBP
Pound SterlingSwidish Krona1 GBP = 11.220 SEK1 SEK = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.988 CAD1 CAD = 1.012 AUD
Australian DollarSwiss Franc1 AUD = 0.743 CHF1 CHF = 1.345 AUD
Australian DollarChinese Yuan1 AUD = 5.095 CNY1 CNY = 0.196 AUD
Australian DollarMexican Peso1 AUD = 14.279 MXN1 MXN = 0.070 AUD
Australian DollarSwidish Krona1 AUD = 6.443 SEK1 SEK = 0.155 AUD
Canadian DollarSwiss Franc1 CAD = 0.752 CHF1 CHF = 1.330 CAD
Canadian DollarChinese Yuan1 CAD = 5.155 CNY1 CNY = 0.194 CAD
Canadian DollarMexican Peso1 CAD = 14.442 MXN1 MXN = 0.069 CAD
Canadian DollarSwidish Krona1 CAD = 6.525 SEK1 SEK = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.853 CNY1 CNY = 0.146 CHF
Swiss FrancMexican Peso1 CHF = 19.204 MXN1 MXN = 0.052 CHF
Swiss FrancSwidish Krona1 CHF = 8.680 SEK1 SEK = 0.115 CHF

See what else happened on September 08, 2016