Financial news on August 13, 2013

Business and Financial news
An Odd Crown for Atlanta: Most Guns at the Airport

Security agents at American airports have confiscated more than 800 guns from travelers so far in 2013, setting a pace that is likely to beat 2012 record of 1,556; nation's busiest airport Hartsfield-Jackson Atlanta International has dubious record of most gun seizures by Transportation Security Administration, with 67 to date. Read more..

By MIKE TIERNEY - The New York Times

Barrage of Fees Is Starting to Follow Fliers to the Hotel

Hotels, like the airlines, have begun to charge fees for services that used to be free, like having the bellhop carry bags to a guest's room; hotels in United States will collect estimated $2.1 billion in fees and surcharges in 2013, up from $2 billion in 2012. Read more..

By JOE SHARKEY - The New York Times

Contraction Shows Signs of Slowing for Greece

Greece reports its gross domestic product shrank by 4.6 percent in second quarter, but slower pace of contraction provides glimmer of hope. Read more..

By DAVID JOLLY - The New York Times

Fears of Tainted Food Push More Chinese to Shop Online

In China, retail vendors selling food online have experienced a jump in growth as an expanding middle class tries to avoid contaminated food after a series of safety scares. Read more..

By DOMINIQUE PATTON | REUTERS - International Herald Tribune

My Search for a Smart Way to Share Profits

My previous practice had been to hand out bonuses when I felt “rich and happy.” But that seemed arbitrary. Read more..

By PAUL DOWNS - The New York Times

Off-Color Wordplay From Kraft, Part of a Big Marketing Blitz

Advertising column; Kraft Foods Group is introducing line of meal-starters with campaign that features celebrity chefs Rocco DiSpirito and Carla Hall and catch line it hopes will resonate with the young. Read more..

By STUART ELLIOTT - The New York Times

Patriot Coal and Union Reach a Deal on Cutbacks

United Mine Workers of America, nation's biggest miners' union, and Patriot Coal reach potential settlement that the union claims eases the severity of wage and benefits cuts a bankruptcy judge had allowed the company to impose. Read more..

By THE ASSOCIATED PRESS - The New York Times

Ticketmaster’s President Is Expected to Be Ousted by Live Nation

Nathan Hubbard may be removed as early as this week as part of a revamping of Ticketmaster, according to people with knowledge of the situation. Read more..

By BEN SISARIO - The New York Times

Times Chairman Sells a Portion of His Stock

Securities and Exchange Commission filing states that Arthur O Sulzberger Jr, chairman of The New York Times Company, sold 50,000 shares of his publicly traded stock at $12 a share, day after declaring that the family-owned newspaper is not for sale. Read more..

By CHRISTINE HAUGHNEY - The New York Times

U.S. Subpoenas Goldman in Inquiry of Aluminum Warehouses

Commodity Futures Trading Commission issues subpoenas to Goldman Sachs and owners of other major warehouses as part of its inquiry into irregularities in aluminum market that are believed to have cost consumers billions of dollars since 2010. Read more..

By DAVID KOCIENIEWSKI - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 38.24 38.32 36.77 37.02 65.4M
Microsoft MSFT 32.51 32.55 32.21 32.23 39.5M
Cisco Systems CSCO 26.45 26.48 26.07 26.32 36.5M
Apple AAPL 470.94 494.66 468.05 489.57 31.5M
General Electric GE 24.30 24.30 24.10 24.20 28.5M
Intel INTC 22.69 22.70 22.39 22.52 26.1M
Pfizer PFE 29.25 29.41 29.10 29.27 20M
HP Inc. HPQ 27.02 27.58 26.97 27.30 18M
AT&T Inc. T 34.95 34.99 34.57 34.72 16.2M
JPMorgan Chase JPM 54.22 54.70 53.60 54.29 15.1M
Coca-Cola KO 39.93 40.05 39.50 39.65 13.5M
Oracle Corp. ORCL 33.39 33.46 33.11 33.25 12.7M
Wells Fargo & Co. WFC 43.25 43.36 43.06 43.32 12.7M
ExxonMobil XOM 89.85 89.92 89.14 89.40 10.9M
Johnson & Johnson JNJ 91.89 93.35 91.76 93.01 10.1M
Verizon Communications VZ 49.64 49.68 49.03 49.15 7.88M
Merck MRK 48.52 48.85 48.08 48.43 7.46M
Schlumberger SLB 80.67 82.50 80.58 82.22 7.28M
General Motors GM 36.21 36.21 35.59 35.84 7.15M
Home Depot HD 79.14 79.64 78.08 79.44 6.96M
Comcast CMCSA 44.66 45.00 44.33 44.85 6.92M
Bristol-Myers Squibb BMY 43.03 43.37 42.76 43.33 6.5M
Wal-Mart Stores WMT 77.17 77.25 76.22 76.86 6.38M
Walt Disney & Co. DIS 64.26 64.26 63.41 63.98 6.03M
Altria MO 35.17 35.27 35.01 35.22 5.92M
McDonald's MCD 97.02 97.10 96.11 96.45 5.19M
ConocoPhillips COP 66.43 67.30 66.30 66.90 4.96M
Procter & Gamble PG 81.78 81.99 81.33 81.66 4.94M
Abbott Laboratories ABT 35.93 36.03 35.74 35.94 4.6M
Gilead Sciences GILD 59.10 59.45 58.22 58.93 4.57M
Chevron CVX 121.93 123.23 121.40 122.50 4.46M
Boeing BA 104.31 106.55 104.27 106.23 3.58M
International Business Machines IBM 189.54 189.99 187.56 188.42 3.54M
Pepsico PEP 83.91 84.10 83.26 83.39 2.95M
Visa V 180.50 180.64 178.68 179.23 2.85M
Alphabet GOOGL 886.83 888.50 876.20 881.25 2.84M
Amgen AMGN 108.63 108.92 107.03 107.86 2.68M
UnitedHealth Group UNH 72.43 73.39 72.31 73.35 2.63M
United Technologies UTX 105.82 107.39 105.35 106.80 2.63M
Amazon AMZN 295.88 296.37 290.67 293.97 2.35M
3M MMM 118.52 119.18 117.19 118.67 2.02M
Berkshire Hathaway BRK.B 117.35 117.61 116.43 117.28 1.9M
Union Pacific UNP 159.19 161.17 158.72 160.19 922K
Exchange Rates of August 13, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 98.230 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.034 CAD 1 CAD = 0.967 USD
US Dollar Swiss Franc 1 USD = 0.933 CHF 1 CHF = 1.072 USD
US Dollar Chinese Yuan 1 USD = 6.122 CNY 1 CNY = 0.163 USD
Euro Japanese Yen 1 EUR = 130.246 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.858 GBP 1 GBP = 1.165 EUR
Euro Australian Dollar 1 EUR = 1.457 AUD 1 AUD = 0.686 EUR
Euro Canadian Dollar 1 EUR = 1.372 CAD 1 CAD = 0.729 EUR
Euro Swiss Franc 1 EUR = 1.237 CHF 1 CHF = 0.808 EUR
Euro Chinese Yuan 1 EUR = 8.117 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.659 GBP 1 GBP = 1.518 JPY
Japanese Yen Australian Dollar 1 JPY = 1.118 AUD 1 AUD = 0.895 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.052 CAD 1 CAD = 0.950 JPY
Japanese Yen Swiss Franc 1 JPY = 0.950 CHF 1 CHF = 1.053 JPY
Pound Sterling Australian Dollar 1 GBP = 1.697 AUD 1 AUD = 0.589 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.598 CAD 1 CAD = 0.626 GBP
Pound Sterling Swiss Franc 1 GBP = 1.441 CHF 1 CHF = 0.694 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.455 CNY 1 CNY = 0.106 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.941 CAD 1 CAD = 1.062 AUD
Australian Dollar Swiss Franc 1 AUD = 0.849 CHF 1 CHF = 1.178 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.570 CNY 1 CNY = 0.180 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.902 CHF 1 CHF = 1.109 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.917 CNY 1 CNY = 0.169 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.560 CNY 1 CNY = 0.152 CHF

See what else happened on August 13, 2013