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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 14.11 14.15 13.77 13.92 65.7M
Microsoft MSFT 23.66 23.80 23.51 23.69 46.3M
Wells Fargo & Co. WFC 27.80 28.09 27.30 27.73 45.1M
Intel INTC 18.97 19.00 18.58 18.77 43.6M
JPMorgan Chase JPM 42.63 42.85 41.80 42.45 38.4M
Cisco Systems CSCO 21.47 21.55 21.00 21.31 35.2M
Pfizer PFE 15.87 15.87 15.54 15.77 33.8M
Oracle Corp. ORCL 21.89 22.08 21.66 21.96 24.3M
ExxonMobil XOM 68.52 68.66 67.65 68.21 19.2M
AT&T Inc. T 25.49 25.58 25.12 25.45 18.8M
Wal-Mart Stores WMT 51.87 52.25 51.54 51.79 17.2M
Comcast CMCSA 14.90 15.05 14.44 14.81 16.6M
Merck MRK 31.00 31.09 30.52 30.98 16.2M
Home Depot HD 27.67 27.75 26.90 27.14 15.9M
Abbott Laboratories ABT 44.50 44.71 43.93 44.36 14.5M
Amgen AMGN 61.13 61.58 59.99 60.85 12.9M
Procter & Gamble PG 52.55 52.81 51.87 52.37 12.1M
HP Inc. HPQ 44.33 44.47 43.65 44.09 11.6M
ConocoPhillips COP 44.21 44.40 43.25 43.77 11.1M
Apple AAPL 167.94 168.23 165.53 166.78 10.9M
Boeing BA 45.82 46.24 44.21 44.87 10.5M
Altria MO 17.60 17.73 17.48 17.56 9.06M
Johnson & Johnson JNJ 60.42 60.70 59.64 60.08 8.96M
Schlumberger SLB 55.09 55.15 52.75 53.38 8.9M
Walt Disney & Co. DIS 26.23 26.47 25.54 25.86 8.9M
Chevron CVX 68.57 68.67 67.59 67.95 8.84M
Verizon Communications VZ 31.04 31.20 30.75 31.08 8.36M
Gilead Sciences GILD 45.02 45.05 44.11 44.95 7.72M
McDonald's MCD 55.69 55.80 54.83 55.27 7.71M
Coca-Cola KO 48.05 48.47 48.00 48.47 7.4M
Bristol-Myers Squibb BMY 21.85 21.95 21.54 21.81 6.86M
UnitedHealth Group UNH 28.08 28.49 27.61 28.06 6.72M
Pepsico PEP 56.50 57.06 56.08 56.56 6.4M
Amazon AMZN 84.11 84.17 82.78 83.58 4.92M
International Business Machines IBM 119.29 119.74 117.62 118.57 4.8M
United Technologies UTX 57.21 57.68 56.37 57.21 4.38M
3M MMM 72.35 72.49 70.64 71.32 3.6M
Alphabet GOOGL 462.78 463.18 456.89 460.00 3.35M
Visa V 68.30 68.68 67.50 67.80 3.05M
Union Pacific UNP 61.41 61.42 60.08 60.82 2.5M
Berkshire Hathaway BRK.B 3322.00 3346.00 3307.00 3329.00 21.8K
Exchange Rates of August 14, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.920 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.098 CAD 1 CAD = 0.911 USD
US Dollar Swiss Franc 1 USD = 1.072 CHF 1 CHF = 0.933 USD
US Dollar Chinese Yuan 1 USD = 6.835 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 134.810 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.859 GBP 1 GBP = 1.165 EUR
Euro Australian Dollar 1 EUR = 1.705 AUD 1 AUD = 0.586 EUR
Euro Canadian Dollar 1 EUR = 1.559 CAD 1 CAD = 0.641 EUR
Euro Swiss Franc 1 EUR = 1.522 CHF 1 CHF = 0.657 EUR
Euro Chinese Yuan 1 EUR = 9.708 CNY 1 CNY = 0.103 EUR
Japanese Yen Pound Sterling 1 JPY = 0.637 GBP 1 GBP = 1.571 JPY
Japanese Yen Australian Dollar 1 JPY = 1.265 AUD 1 AUD = 0.791 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.157 CAD 1 CAD = 0.864 JPY
Japanese Yen Swiss Franc 1 JPY = 1.130 CHF 1 CHF = 0.885 JPY
Pound Sterling Australian Dollar 1 GBP = 1.986 AUD 1 AUD = 0.504 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.815 CAD 1 CAD = 0.551 GBP
Pound Sterling Swiss Franc 1 GBP = 1.773 CHF 1 CHF = 0.564 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.293 CNY 1 CNY = 0.089 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.914 CAD 1 CAD = 1.094 AUD
Australian Dollar Swiss Franc 1 AUD = 0.892 CHF 1 CHF = 1.121 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.690 CNY 1 CNY = 0.176 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.976 CHF 1 CHF = 1.025 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.220 CNY 1 CNY = 0.161 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.374 CNY 1 CNY = 0.157 CHF

See what else happened on August 14, 2009