Financial news on August 11th, 2009

Business and Financial news
A Career Built on Easing Headaches

A business trip to Vietnam is interrupted by customs agents investigating a bag full of tiny aspirin bottles. Read more..

By FRANK NATOLI - The New York Times

Big Investor to Sell Part of Stake in Lenovo Parent

The biggest stakeholder in the parent company of Lenovo said it was seeking to sell 29 percent of the parent company’s shares for $404 million. Read more..

By CHRIS NICHOLSON - The New York Times

Deliverance for Travelers Trapped on the Tarmac

Passenger-rights legislation will be included in a bill to reauthorize the Federal Aviation Administration, to be considered this fall. Read more..

By JOE SHARKEY - The New York Times

G.M. Puts Electric Car’s City Mileage in Triple Digits

General Motors said its Chevrolet Volt electric vehicle, scheduled for release in 2011, would have a fuel rating of 230 miles a gallon in city driving. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

Jimmy Bedford, Guardian of Jack Daniel’s, Dies at 69

Mr. Bedford was the sixth master distiller in the 143-year history of the Jack Daniel’s distillery. Read more..

By DENNIS HEVESI - The New York Times

Lego Rejects a Bit Part in a Spinal Tap DVD

A teenager’s amateur video starring Lego figures raised copyright questions when it came to appearing in a DVD. Read more..

By ANDREW ADAM NEWMAN - The New York Times

More Fliers Skipping the Cab

Alternatives to taxis are getting more consideration as cheaper — and sometimes quicker — ways to get to the airport. Read more..

By JANE L. LEVERE - The New York Times

Order to Pay Back Farm Subsidies Comes at a Bad Time for France

France's improper agricultural subsidies are a gift to the countries that want to cut E.U. farm spending and redirect the money toward research and innovation. Read more..

By PAUL TAYLOR - International Herald Tribune

Pushing the Limits of Stimulus Plans

We can draw three financial and economic lessons from the global recession: imbalances matter, debt is dangerous and globalization does not work by itself. Read more..


Troubled Assets May Still Pose Risk

The Treasury’s bailout program has stabilized the banking system, but it has not yet forced banks to fully deal with the troubled loans on their books, a Congressional panel said. Read more..

By EDMUND L. ANDREWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14,4414,4913,8713,99103M
Wells Fargo & Co.WFC28,3028,3226,8926,8972.9M
Cisco SystemsCSCO21,4721,5321,0621,1753.6M
JPMorgan ChaseJPM42,2842,5140,9441,2450.7M
Oracle Corp.ORCL21,0821,4121,0321,2825.9M
AT&T Inc.T25,5125,6525,3225,3616.4M
Wal-Mart StoresWMT49,7249,7249,7249,7216.3M
Abbott LaboratoriesABT44,5244,8844,4344,7013.6M
Bristol-Myers SquibbBMY21,9022,0921,7921,9712.9M
UnitedHealth GroupUNH27,0627,9626,8027,8211.8M
HP Inc.HPQ43,4343,7043,3043,3910.8M
Verizon CommunicationsVZ30,8530,9230,5730,6010.5M
Home DepotHD27,0327,1126,7326,899.52M
Procter & GamblePG52,1152,2851,9351,939.29M
Walt Disney & Co.DIS26,3326,4125,7725,908.75M
Johnson & JohnsonJNJ60,6860,9260,1560,228.3M
Gilead SciencesGILD45,6046,2345,2345,656.23M
United TechnologiesUTX55,9556,0255,4455,775.56M
Union PacificUNP58,4160,2158,1560,004.95M
International Business MachinesIBM118,03118,50117,32117,794.84M
Berkshire HathawayBRK.B3380,003380,003250,003270,0035K
Exchange Rates of August 11th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95,930 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,101 CAD1 CAD = 0,908 USD
US DollarSwiss Franc1 USD = 1,082 CHF1 CHF = 0,924 USD
US DollarChinese Yuan1 USD = 6,836 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 135,710 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,859 GBP1 GBP = 1,165 EUR
EuroAustralian Dollar1 EUR = 1,706 AUD1 AUD = 0,586 EUR
EuroCanadian Dollar1 EUR = 1,558 CAD1 CAD = 0,642 EUR
EuroSwiss Franc1 EUR = 1,530 CHF1 CHF = 0,654 EUR
EuroChinese Yuan1 EUR = 9,671 CNY1 CNY = 0,103 EUR
Japanese YenPound Sterling1 JPY = 0,632 GBP1 GBP = 1,582 JPY
Japanese YenAustralian Dollar1 JPY = 1,257 AUD1 AUD = 0,796 JPY
Japanese YenCanadian Dollar1 JPY = 1,148 CAD1 CAD = 0,871 JPY
Japanese YenSwiss Franc1 JPY = 1,127 CHF1 CHF = 0,887 JPY
Pound SterlingAustralian Dollar1 GBP = 1,987 AUD1 AUD = 0,503 GBP
Pound SterlingCanadian Dollar1 GBP = 1,815 CAD1 CAD = 0,551 GBP
Pound SterlingSwiss Franc1 GBP = 1,782 CHF1 CHF = 0,561 GBP
Pound SterlingChinese Yuan1 GBP = 11,254 CNY1 CNY = 0,089 GBP
Australian DollarCanadian Dollar1 AUD = 0,913 CAD1 CAD = 1,096 AUD
Australian DollarSwiss Franc1 AUD = 0,897 CHF1 CHF = 1,115 AUD
Australian DollarChinese Yuan1 AUD = 5,668 CNY1 CNY = 0,176 AUD
Canadian DollarSwiss Franc1 CAD = 0,981 CHF1 CHF = 1,019 CAD
Canadian DollarChinese Yuan1 CAD = 6,206 CNY1 CNY = 0,161 CAD
Swiss FrancChinese Yuan1 CHF = 6,318 CNY1 CNY = 0,158 CHF

See what else happened on August 11th, 2009