Financial news on August 15, 2008

Business and Financial news
$39 Million Settlement in a Feud at an Exclusive Montana Resort

A lawsuit between Greg LeMond, the three-time winner of the Tour de France, and Timothy L. Blixseth, the owner of the elite Yellowstone Club in Montana, has been settled. Read more..

By JIM ROBBINS - The New York Times

American and British Air Try to Link Networks

American Airlines, British Airways and Iberia Airlines said that they planned to apply for antitrust approval to form a marketing alliance to link their global flight networks. Read more..

By MICHELINE MAYNARD - The New York Times

Back-to-School Discounts Are Deeper, More Creative

Thrift is the theme this back-to-school year, and stores are trying to play to the public mood with deeper and more creative discounts. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Banking Scandal Unfolds Like a Thriller

One of the largest private banking scandals in years in Liechtenstein has brought to light a group of characters worthy of a spy thriller. Read more..

By LYNNLEY BROWNING - The New York Times

Economy in Europe Contracted in Second Quarter

Gross domestic product in the 15-nation euro area declined 0.2 percent in the April-June period compared with the first quarter, according to reports on Thursday. Read more..

By CARTER DOUGHERTY - The New York Times

Economy in Europe Contracted Last Quarter

The economy of the 15-nation euro area contracted 0.2 percent in the three months ended June 30, according to data. Read more..

By CARTER DOUGHERTY - The New York Times

Home Equity Frenzy Was a Bank Ad Come True

Home equity loans, once seen as the borrowing of last resort, have grown a thousandfold since banks began spending billions of dollars to advertise them. Read more..

By LOUISE STORY - The New York Times

Memo Re Tom Cruise: The Star Is Staying Here

The head of Metro-Goldwyn-Mayer Studios says he wants Tom Cruise to remain closely involved with United Artists after the departure of Paula Wagner, a friend of Mr. Cruise. Read more..

By MICHAEL CIEPLY - The New York Times

Plug-In Hybrid From G.M. Is Nearly Ready for Testing

General Motors said that it had “essentially finished” designing its first plug-in hybrid car and would have production-ready prototypes within 10 days. Read more..

By NICK BUNKLEY - The New York Times

U.S. Is Pressuring Delphi Over Pension Obligations

The government is trying to force Delphi to transfer more than $1.5 billion of unfunded pension obligations to General Motors by Sept. 30. Read more..

By MARY WILLIAMS WALSH - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT27.9828.1527.5827.8147.3M
Cisco SystemsCSCO24.7525.2524.6824.9145.3M
Wells Fargo & Co.WFC29.8130.4929.2529.7643.6M
IntelINTC24.3524.5024.1824.2643.1M
General ElectricGE29.6630.0529.5229.8040.2M
PfizerPFE19.8720.1319.8619.9739.3M
JPMorgan ChaseJPM38.0538.7137.3738.0736.7M
Oracle Corp.ORCL23.3323.4522.9223.0626.5M
ExxonMobilXOM77.0977.2876.1977.0726.3M
AppleAAPL179.04179.75175.05175.7425.3M
Home DepotHD27.2027.7427.1027.5323.3M
Wal-Mart StoresWMT58.1359.9358.1359.3722.6M
AT&T Inc.T31.1831.9231.1631.6621.9M
ConocoPhillipsCOP79.0579.0777.1277.6620.2M
ComcastCMCSA22.0122.5421.9422.2818.3M
Procter & GamblePG70.4971.9869.7171.6017.6M
ChevronCVX85.4485.7283.6584.2515.7M
AmgenAMGN64.1465.6064.1465.0613.1M
HP Inc.HPQ45.6245.8445.1245.5912.3M
Verizon CommunicationsVZ34.8435.2534.7034.9612.1M
Coca-ColaKO55.2255.6254.7555.0611.9M
Abbott LaboratoriesABT58.6859.8258.2859.6211.5M
Walt Disney & Co.DIS32.4732.9232.3432.5011.5M
SchlumbergerSLB93.2993.3790.1091.4711.4M
Bristol-Myers SquibbBMY22.0022.1321.8821.9811.4M
Johnson & JohnsonJNJ70.8271.4170.7771.3310.8M
AltriaMO21.4721.8021.3221.6010.1M
UnitedHealth GroupUNH31.9433.1031.1333.019.85M
MerckMRK36.0636.6536.0636.168.9M
BoeingBA64.7765.3363.8264.457.67M
AlphabetGOOGL506.99510.66505.50510.157.08M
AmazonAMZN88.2889.5386.2686.406.87M
VisaV75.9976.5374.8375.796.5M
PepsicoPEP70.2070.4369.7770.205.64M
International Business MachinesIBM127.07127.19125.35126.365.57M
Gilead SciencesGILD56.7756.9155.6756.265.48M
McDonald'sMCD64.1364.3563.2363.635.17M
Union PacificUNP78.0278.4476.5876.874.6M
United TechnologiesUTX66.3567.3066.0366.804.45M
3MMMM73.0974.1073.0973.494.41M
Berkshire HathawayBRK.B3905.004000.003896.004000.0023.2K
Exchange Rates of August 15, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 110.490 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.059 CAD1 CAD = 0.944 USD
US DollarSwiss Franc1 USD = 1.096 CHF1 CHF = 0.912 USD
US DollarChinese Yuan1 USD = 6.870 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 162.280 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.787 GBP1 GBP = 1.271 EUR
EuroAustralian Dollar1 EUR = 1.695 AUD1 AUD = 0.590 EUR
EuroCanadian Dollar1 EUR = 1.555 CAD1 CAD = 0.643 EUR
EuroSwiss Franc1 EUR = 1.610 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.485 GBP1 GBP = 2.063 JPY
Japanese YenAustralian Dollar1 JPY = 1.044 AUD1 AUD = 0.958 JPY
Japanese YenCanadian Dollar1 JPY = 0.958 CAD1 CAD = 1.044 JPY
Japanese YenSwiss Franc1 JPY = 0.992 CHF1 CHF = 1.008 JPY
Pound SterlingAustralian Dollar1 GBP = 2.154 AUD1 AUD = 0.464 GBP
Pound SterlingCanadian Dollar1 GBP = 1.976 CAD1 CAD = 0.506 GBP
Pound SterlingSwiss Franc1 GBP = 2.044 CHF1 CHF = 0.489 GBP
Australian DollarCanadian Dollar1 AUD = 0.917 CAD1 CAD = 1.091 AUD
Australian DollarSwiss Franc1 AUD = 0.949 CHF1 CHF = 1.054 AUD
Canadian DollarSwiss Franc1 CAD = 1.035 CHF1 CHF = 0.967 CAD

See what else happened on August 15, 2008