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

StockTicker symbolOpenHighLowCloseVolume
FacebookFB38.2438.3236.7737.0265.4M
MicrosoftMSFT32.5132.5532.2132.2339.5M
Cisco SystemsCSCO26.4526.4826.0726.3236.5M
AppleAAPL470.94494.66468.05489.5731.5M
General ElectricGE24.3024.3024.1024.2028.5M
IntelINTC22.6922.7022.3922.5226.1M
PfizerPFE29.2529.4129.1029.2720M
HP Inc.HPQ27.0227.5826.9727.3018M
AT&T Inc.T34.9534.9934.5734.7216.2M
JPMorgan ChaseJPM54.2254.7053.6054.2915.1M
Coca-ColaKO39.9340.0539.5039.6513.5M
Oracle Corp.ORCL33.3933.4633.1133.2512.7M
Wells Fargo & Co.WFC43.2543.3643.0643.3212.7M
ExxonMobilXOM89.8589.9289.1489.4010.9M
Johnson & JohnsonJNJ91.8993.3591.7693.0110.1M
Verizon CommunicationsVZ49.6449.6849.0349.157.88M
MerckMRK48.5248.8548.0848.437.46M
SchlumbergerSLB80.6782.5080.5882.227.28M
General MotorsGM36.2136.2135.5935.847.15M
Home DepotHD79.1479.6478.0879.446.96M
ComcastCMCSA44.6645.0044.3344.856.92M
Bristol-Myers SquibbBMY43.0343.3742.7643.336.5M
Wal-Mart StoresWMT77.1777.2576.2276.866.38M
Walt Disney & Co.DIS64.2664.2663.4163.986.03M
AltriaMO35.1735.2735.0135.225.92M
McDonald'sMCD97.0297.1096.1196.455.19M
ConocoPhillipsCOP66.4367.3066.3066.904.96M
Procter & GamblePG81.7881.9981.3381.664.94M
Abbott LaboratoriesABT35.9336.0335.7435.944.6M
Gilead SciencesGILD59.1059.4558.2258.934.57M
ChevronCVX121.93123.23121.40122.504.46M
BoeingBA104.31106.55104.27106.233.58M
International Business MachinesIBM189.54189.99187.56188.423.54M
PepsicoPEP83.9184.1083.2683.392.95M
VisaV180.50180.64178.68179.232.85M
AlphabetGOOGL886.83888.50876.20881.252.84M
AmgenAMGN108.63108.92107.03107.862.68M
UnitedHealth GroupUNH72.4373.3972.3173.352.63M
United TechnologiesUTX105.82107.39105.35106.802.63M
AmazonAMZN295.88296.37290.67293.972.35M
3MMMM118.52119.18117.19118.672.02M
Berkshire HathawayBRK.B117.35117.61116.43117.281.9M
Union PacificUNP159.19161.17158.72160.19922K
Exchange Rates of August 13, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98.230 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.034 CAD1 CAD = 0.967 USD
US DollarSwiss Franc1 USD = 0.933 CHF1 CHF = 1.072 USD
US DollarChinese Yuan1 USD = 6.122 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 130.246 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.858 GBP1 GBP = 1.165 EUR
EuroAustralian Dollar1 EUR = 1.457 AUD1 AUD = 0.686 EUR
EuroCanadian Dollar1 EUR = 1.372 CAD1 CAD = 0.729 EUR
EuroSwiss Franc1 EUR = 1.237 CHF1 CHF = 0.808 EUR
EuroChinese Yuan1 EUR = 8.117 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.659 GBP1 GBP = 1.518 JPY
Japanese YenAustralian Dollar1 JPY = 1.118 AUD1 AUD = 0.895 JPY
Japanese YenCanadian Dollar1 JPY = 1.052 CAD1 CAD = 0.950 JPY
Japanese YenSwiss Franc1 JPY = 0.950 CHF1 CHF = 1.053 JPY
Pound SterlingAustralian Dollar1 GBP = 1.697 AUD1 AUD = 0.589 GBP
Pound SterlingCanadian Dollar1 GBP = 1.598 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.441 CHF1 CHF = 0.694 GBP
Pound SterlingChinese Yuan1 GBP = 9.455 CNY1 CNY = 0.106 GBP
Australian DollarCanadian Dollar1 AUD = 0.941 CAD1 CAD = 1.062 AUD
Australian DollarSwiss Franc1 AUD = 0.849 CHF1 CHF = 1.178 AUD
Australian DollarChinese Yuan1 AUD = 5.570 CNY1 CNY = 0.180 AUD
Canadian DollarSwiss Franc1 CAD = 0.902 CHF1 CHF = 1.109 CAD
Canadian DollarChinese Yuan1 CAD = 5.917 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.560 CNY1 CNY = 0.152 CHF

See what else happened on August 13, 2013