Financial news on August 14, 2009

Business and Financial news
A Hand Up for Students Facing a Mountain of Debt

SafeStart aims to reduce the fear of debt that might keep 18-year-olds from borrowing for school in the first place. Read more..

By RON LIEBER - The New York Times

China Cracking Down on Credit Card Issuers

Rising debt, especially among young Chinese who were poor candidates for credit cards in the first place, has put a strain on some families. Read more..

By MICHAEL WEI and KIRBY CHIEN - International Herald Tribune

Host Loses Some Sponsors After an Obama Remark

As commentary on cable news reaches a rhetorical boiling point, advertisers may become more skittish about being near it. Read more..

By BRIAN STELTER - The New York Times

In Italy, Parmesan as Collateral for Bank Loans

About 17,000 tons of parmesan cheese lie in the vaults of Credito Emiliano, a regional bank that accepts the cheese as collateral for loans. Read more..

By ALESSANDRA MIGLIACCIO and FLAVIA ROTONDI - International Herald Tribune

Retailers Post Weak Earnings and July Sales

Reports made clear that consumers were likely to continue hoarding their dollars into the back-to-school shopping season, a crucial time for retailers. Read more..

By STEPHANIE ROSENBLOOM and JACK HEALY - The New York Times

Retail Sales Give Investors Reason to Pause

The markets closed up despite reports showing consumer spending fell in July and more workers filing for unemployment benefits. Read more..

By JACK HEALY - The New York Times

Rock ā€™nā€™ Roll, Then and Now

Rock ā€™nā€™ Roll,. Read more..

By ROB COX and YOREE KOH - The New York Times

Senators Investigate Hospital Purchasing

Private companies negotiate prices of medical goods, and Medicare reimburses hospitals. But lawmakers fear that the process may inflate health costs. Read more..

By MARY WILLIAMS WALSH - The New York Times

U.S. Builds Crime Cases on Clients of UBS

Criminal complaints are expected to result from many of the inquiries by federal prosecutors against UBS account holders. Read more..

By LYNNLEY BROWNING - The New York Times

Woman Tells of Affair With Madoff in New Book

Sheryl Weinstein, the chief financial officer of an organization that invested with Bernard L. Madoff, will soon release a memoir disclosing the relationship. Read more..

By DIANA B. HENRIQUES and STEPHANIE STROM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.1114.1513.7713.9265.7M
MicrosoftMSFT23.6623.8023.5123.6946.3M
Wells Fargo & Co.WFC27.8028.0927.3027.7345.1M
IntelINTC18.9719.0018.5818.7743.6M
JPMorgan ChaseJPM42.6342.8541.8042.4538.4M
Cisco SystemsCSCO21.4721.5521.0021.3135.2M
PfizerPFE15.8715.8715.5415.7733.8M
Oracle Corp.ORCL21.8922.0821.6621.9624.3M
ExxonMobilXOM68.5268.6667.6568.2119.2M
AT&T Inc.T25.4925.5825.1225.4518.8M
Wal-Mart StoresWMT51.8752.2551.5451.7917.2M
ComcastCMCSA14.9015.0514.4414.8116.6M
MerckMRK31.0031.0930.5230.9816.2M
Home DepotHD27.6727.7526.9027.1415.9M
Abbott LaboratoriesABT44.5044.7143.9344.3614.5M
AmgenAMGN61.1361.5859.9960.8512.9M
Procter & GamblePG52.5552.8151.8752.3712.1M
HP Inc.HPQ44.3344.4743.6544.0911.6M
ConocoPhillipsCOP44.2144.4043.2543.7711.1M
AppleAAPL167.94168.23165.53166.7810.9M
BoeingBA45.8246.2444.2144.8710.5M
AltriaMO17.6017.7317.4817.569.06M
Johnson & JohnsonJNJ60.4260.7059.6460.088.96M
SchlumbergerSLB55.0955.1552.7553.388.9M
Walt Disney & Co.DIS26.2326.4725.5425.868.9M
ChevronCVX68.5768.6767.5967.958.84M
Verizon CommunicationsVZ31.0431.2030.7531.088.36M
Gilead SciencesGILD45.0245.0544.1144.957.72M
McDonald'sMCD55.6955.8054.8355.277.71M
Coca-ColaKO48.0548.4748.0048.477.4M
Bristol-Myers SquibbBMY21.8521.9521.5421.816.86M
UnitedHealth GroupUNH28.0828.4927.6128.066.72M
PepsicoPEP56.5057.0656.0856.566.4M
AmazonAMZN84.1184.1782.7883.584.92M
International Business MachinesIBM119.29119.74117.62118.574.8M
United TechnologiesUTX57.2157.6856.3757.214.38M
3MMMM72.3572.4970.6471.323.6M
AlphabetGOOGL462.78463.18456.89460.003.35M
VisaV68.3068.6867.5067.803.05M
Union PacificUNP61.4161.4260.0860.822.5M
Berkshire HathawayBRK.B3322.003346.003307.003329.0021.8K
Exchange Rates of August 14, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.920 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.098 CAD1 CAD = 0.911 USD
US DollarSwiss Franc1 USD = 1.072 CHF1 CHF = 0.933 USD
US DollarChinese Yuan1 USD = 6.835 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 134.810 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.859 GBP1 GBP = 1.165 EUR
EuroAustralian Dollar1 EUR = 1.705 AUD1 AUD = 0.586 EUR
EuroCanadian Dollar1 EUR = 1.559 CAD1 CAD = 0.641 EUR
EuroSwiss Franc1 EUR = 1.522 CHF1 CHF = 0.657 EUR
EuroChinese Yuan1 EUR = 9.708 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.637 GBP1 GBP = 1.571 JPY
Japanese YenAustralian Dollar1 JPY = 1.265 AUD1 AUD = 0.791 JPY
Japanese YenCanadian Dollar1 JPY = 1.157 CAD1 CAD = 0.864 JPY
Japanese YenSwiss Franc1 JPY = 1.130 CHF1 CHF = 0.885 JPY
Pound SterlingAustralian Dollar1 GBP = 1.986 AUD1 AUD = 0.504 GBP
Pound SterlingCanadian Dollar1 GBP = 1.815 CAD1 CAD = 0.551 GBP
Pound SterlingSwiss Franc1 GBP = 1.773 CHF1 CHF = 0.564 GBP
Pound SterlingChinese Yuan1 GBP = 11.293 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.914 CAD1 CAD = 1.094 AUD
Australian DollarSwiss Franc1 AUD = 0.892 CHF1 CHF = 1.121 AUD
Australian DollarChinese Yuan1 AUD = 5.690 CNY1 CNY = 0.176 AUD
Canadian DollarSwiss Franc1 CAD = 0.976 CHF1 CHF = 1.025 CAD
Canadian DollarChinese Yuan1 CAD = 6.220 CNY1 CNY = 0.161 CAD
Swiss FrancChinese Yuan1 CHF = 6.374 CNY1 CNY = 0.157 CHF

See what else happened on August 14, 2009