Financial news on August 18, 2010

Business and Financial news
A Resort for Gays Rises in Manhattan

The Out NYC Urban Resort is one of a number of gay-themed entertainment complexes recently opened or planned across the country. Read more..

By BETH GREENFIELD - The New York Times

China Huaneng Group May Acquire InterGen

China Huaneng Group, the nation’s biggest electricity producer, is in advanced talks to buy a stake in Massachusetts-based power utility InterGen for about $1.2 billion. Read more..

By DEALBOOK - The New York Times

Continued Inflation Is Called Temporary

The Bank of England has presented various reasons that inflation is picking up while economic growth is lagging. Read more..

By JULIA WERDIGIER - The New York Times

Given Money, Schools Wait on Rehiring Teachers

Some of the nation’s biggest school districts are balking at using federal aid to hire teachers right away, citing looming budget deficits. Read more..

By MOTOKO RICH - The New York Times

Google Sued in Spain Over Data Collecting

A court is investigating charges that Google broke Spanish law while gathering photographs for Street View, its photo-mapping service. Read more..

By RAPHAEL MINDER - The New York Times

In Mott’s Strike, More Than Pay at Stake

A fight at an apple juice plant pits a company earning record profits against workers determined to resist cuts. Read more..


Leery of Washington, Alaska Feasts on Its Dollars

No state benefits more from federal largess, but a senator voted against the stimulus bill and the governor decries “intrusive” policies. Read more..

By MICHAEL POWELL - The New York Times

London Bankers Can Dress for More Than Success

Cad and The Dandy, a bespoke tailor, is running a contest to find the best-dressed banker in London. Read more..

By JULIA WERDIGIER - The New York Times

Moffat: His Mistress Made Him Do It

Robert Moffat, the former I.B.M. executive who pleaded guilty in a widespread insider trading case centering on Galleon Group, is playing the mistress-made-me-do-it card, according to The New York Post. Read more..

By DEALBOOK - The New York Times

Viterra Snaps Up 21st Century Grain Processing

21st Century Grain Processing has been acquired by Viterra in a $90.5 million deal, The Kansas City Business Journal reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO22.0422.5122.0222.4173M
General ElectricGE15.5815.7415.5115.7042.3M
Wells Fargo & Co.WFC25.3025.6725.0925.3838.1M
AT&T Inc.T26.9527.3926.8527.2829.7M
JPMorgan ChaseJPM37.3938.1937.3937.8927M
HP Inc.HPQ41.1541.6140.8941.3622.2M
Gilead SciencesGILD33.9934.1533.7333.7720.1M
Oracle Corp.ORCL22.9123.2522.8023.0919M
Wal-Mart StoresWMT51.0051.3250.6250.8615.7M
Home DepotHD28.3529.0028.3228.8613.7M
Verizon CommunicationsVZ30.1630.2929.8130.1513.6M
Abbott LaboratoriesABT50.6350.7250.2250.2312.8M
Bristol-Myers SquibbBMY26.5326.5726.2326.2812.2M
Procter & GamblePG60.1661.0660.0460.7510.7M
Johnson & JohnsonJNJ59.4659.8259.0359.3510.5M
Walt Disney & Co.DIS33.8134.2233.4033.918.32M
Berkshire HathawayBRK.B77.7079.4877.4478.796.55M
UnitedHealth GroupUNH32.2832.9632.1232.546.44M
United TechnologiesUTX70.3470.6069.2969.934.94M
International Business MachinesIBM128.87130.20127.80129.394.88M
Union PacificUNP74.8576.4474.4076.003.19M
Exchange Rates of August 18, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85.380 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.029 CAD1 CAD = 0.972 USD
US DollarSwiss Franc1 USD = 1.042 CHF1 CHF = 0.960 USD
US DollarChinese Yuan1 USD = 6.792 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 109.730 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.824 GBP1 GBP = 1.214 EUR
EuroAustralian Dollar1 EUR = 1.430 AUD1 AUD = 0.699 EUR
EuroCanadian Dollar1 EUR = 1.322 CAD1 CAD = 0.756 EUR
EuroSwiss Franc1 EUR = 1.340 CHF1 CHF = 0.746 EUR
EuroChinese Yuan1 EUR = 8.731 CNY1 CNY = 0.115 EUR
Japanese YenPound Sterling1 JPY = 0.751 GBP1 GBP = 1.332 JPY
Japanese YenAustralian Dollar1 JPY = 1.303 AUD1 AUD = 0.768 JPY
Japanese YenCanadian Dollar1 JPY = 1.204 CAD1 CAD = 0.830 JPY
Japanese YenSwiss Franc1 JPY = 1.220 CHF1 CHF = 0.819 JPY
Pound SterlingAustralian Dollar1 GBP = 1.736 AUD1 AUD = 0.576 GBP
Pound SterlingCanadian Dollar1 GBP = 1.604 CAD1 CAD = 0.623 GBP
Pound SterlingSwiss Franc1 GBP = 1.626 CHF1 CHF = 0.615 GBP
Pound SterlingChinese Yuan1 GBP = 10.585 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 0.924 CAD1 CAD = 1.082 AUD
Australian DollarSwiss Franc1 AUD = 0.936 CHF1 CHF = 1.068 AUD
Australian DollarChinese Yuan1 AUD = 6.102 CNY1 CNY = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 1.013 CHF1 CHF = 0.987 CAD
Canadian DollarChinese Yuan1 CAD = 6.603 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.515 CNY1 CNY = 0.154 CHF

See what else happened on August 18, 2010