Financial news on August 16, 2013

Business and Financial news
A Dream House Where Few Dare to Build

The steep cliffs of Phuket, Thailand, become the setting for a developer’s new home. Read more..

By IRWIN HUTCHINSON - International Herald Tribune

Dane Atkinson of SumAll, on Making Pay an Open Book

Adam Bryant Corner Office column features Q&A with Dane Atkinson, chief executive of data analytics company SumAll, who discusses his career and management style. Read more..

By ADAM BRYANT - The New York Times

Dell’s Profit Declines 72% on Sluggish Sales of PCs

Dell Inc reports net income of $204 million for its fiscal second quarter, down 72 percent from same quarter year ago; blames sluggish sales of its personal computers for its declining profits; revenue was $14.5 billion, flat from year-ago period but better than Wall Street expectations of $14.18 billion. Read more..

By BRIAN X. CHEN - The New York Times

Despite Drop in Commodity Prices, Farmland Values Rise

After the financial crisis, real estate was generally shunned. But global demand and other factors caused farmland prices to surge. Read more..

By PAUL SULLIVAN - The New York Times

‘Duck Dynasty’ Season Opens to Record Ratings

A&E reality show Duck Dynasty draws 11.8 million viewers during premiere of Season 4, largest audience ever for nonfiction telecast on cable television. Read more..

By NOAM COHEN - The New York Times

Foreseeing Trouble in Exporting Natural Gas

Dow Chemical chief Andrew Liveris is spearheading public campaign against increased exports of natural gas, seeking to block what he considers squandering of national resource, and hit to his bottom line (Series: The Energy Rush). Read more..


Mobile Devices Overtake PC Sales at Lenovo

Lenovo, world’s largest personal computer maker, says it now sells more smartphones and tablets than computers; milestone underlines growing influence of Chinese companies like Lenovo in the shift from desktop to mobile computing. Read more..

By ERIC PFANNER - The New York Times

U.S. to Bring Gas Mileage Rules to Era of Hybrids

Environmental Protection Agency says it will update its labeling rules to resolve disparities among growing number of hybrid and electric vehicles on the market; announces plans for changes after Ford Motor Company reports it is cutting miles-per-gallon rating on its C-Max hybrid, one of its popular hybrid models, to 43 miles per gallon. Read more..

By BILL VLASIC - The New York Times

Washington Post Site Hacked by Syrian Group

Washington Post's Web site is briefly hacked, with visitors to some articles being redirected to site of Syrian Electronic Army, hacker collective that supports Syrian Pres Bashar al-Assad; paper reports that group had also targeted Time magazine and CNN, suggesting a coordinated attack on American news outlets. Read more..

By LESLIE KAUFMAN - The New York Times

Worst Day for Markets in Two Months as Signals Are Mixed

Stocks fall after Wal-Mart and Cisco Systems issue grim sales forecasts and economic data adds to investors' concerns that Federal Reserve may soon wind down its economic stimulus program. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.5324.6624.2524.2742.4M
General ElectricGE23.8824.0523.8623.9536.3M
AT&T Inc.T34.2734.3833.9134.1824.6M
Oracle Corp.ORCL32.6032.8532.3032.4119.5M
JPMorgan ChaseJPM53.0753.7853.0753.2917.1M
Wells Fargo & Co.WFC42.6843.1842.6442.7516.2M
Verizon CommunicationsVZ48.2948.5347.3347.7115.4M
HP Inc.HPQ25.9526.5725.9226.4215.1M
Johnson & JohnsonJNJ89.1389.8088.7789.3714.1M
General MotorsGM34.5934.9134.1834.3812.5M
Abbott LaboratoriesABT34.9235.0034.5534.9710.5M
Procter & GamblePG80.2780.4979.0679.909.45M
Home DepotHD75.1976.3574.9375.389.14M
Bristol-Myers SquibbBMY41.8542.1441.2641.688.48M
Walt Disney & Co.DIS61.9762.5061.7162.178.24M
Gilead SciencesGILD56.7657.7356.2556.917.6M
Wal-Mart StoresWMT74.1274.5073.7074.117.25M
Berkshire HathawayBRK.B114.53115.69114.30115.243.51M
International Business MachinesIBM185.54186.46185.34185.343.43M
UnitedHealth GroupUNH71.1571.9871.0071.433.32M
United TechnologiesUTX102.96103.72102.72103.083.32M
Union PacificUNP156.44158.51156.09157.931.44M
Exchange Rates of August 16, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.530 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.035 CAD1 CAD = 0.967 USD
US DollarSwiss Franc1 USD = 0.926 CHF1 CHF = 1.079 USD
US DollarChinese Yuan1 USD = 6.115 CNY1 CNY = 0.164 USD
EuroJapanese Yen1 EUR = 130.010 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.853 GBP1 GBP = 1.172 EUR
EuroAustralian Dollar1 EUR = 1.451 AUD1 AUD = 0.689 EUR
EuroCanadian Dollar1 EUR = 1.377 CAD1 CAD = 0.726 EUR
EuroSwiss Franc1 EUR = 1.234 CHF1 CHF = 0.810 EUR
EuroChinese Yuan1 EUR = 8.150 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.656 GBP1 GBP = 1.525 JPY
Japanese YenAustralian Dollar1 JPY = 1.116 AUD1 AUD = 0.896 JPY
Japanese YenCanadian Dollar1 JPY = 1.059 CAD1 CAD = 0.944 JPY
Japanese YenSwiss Franc1 JPY = 0.950 CHF1 CHF = 1.053 JPY
Pound SterlingAustralian Dollar1 GBP = 1.702 AUD1 AUD = 0.587 GBP
Pound SterlingCanadian Dollar1 GBP = 1.616 CAD1 CAD = 0.619 GBP
Pound SterlingSwiss Franc1 GBP = 1.447 CHF1 CHF = 0.691 GBP
Pound SterlingChinese Yuan1 GBP = 9.550 CNY1 CNY = 0.105 GBP
Australian DollarCanadian Dollar1 AUD = 0.950 CAD1 CAD = 1.053 AUD
Australian DollarSwiss Franc1 AUD = 0.850 CHF1 CHF = 1.176 AUD
Australian DollarChinese Yuan1 AUD = 5.616 CNY1 CNY = 0.178 AUD
Canadian DollarSwiss Franc1 CAD = 0.895 CHF1 CHF = 1.118 CAD
Canadian DollarChinese Yuan1 CAD = 5.909 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.600 CNY1 CNY = 0.152 CHF

See what else happened on August 16, 2013