Financial news on August 19, 2008

Business and Financial news
First Marblehead Stock Surges After Financing Is Set

The Goldman Sachs Group completed an investment in the First Marblehead Corporation, a student-loan finance company, and the lender’s chief executive resigned. Read more..

By BLOOMBERG NEWS - The New York Times

Fox Is Allowed to Press Warner Over Rights to ‘Watchmen’

The dark heroes of Warner Brothers’ “Watchmen,” set for release next March, have a new problem on their hands: A federal judge has ruled that they may belong to 20th Century Fox. Read more..

By MICHAEL CIEPLY - The New York Times

‘Gone Wild’ Founder Faces I.R.S.

In September, Joe Francis will be tried in Los Angeles on federal charges that he deducted $20 million in fraudulent expenses on the corporate tax returns filed by his company, Mantra Films. Read more..

By MICHAEL PARRISH - The New York Times

Nymex Shareholders Approve $8.3 Billion Takeover by CME

The transaction cements the CME Group’s status as the world’s largest derivatives market. Read more..

By BLOOMBERG NEWS - The New York Times

Olympic Star Is Sidelined. Will His Ads Be, as Well?

When China’s star hurdler, Liu Xiang, limped off the field late Monday morning, it dealt a blow to the marketing plans of some marquee brands. Read more..

By DAVID BARBOZA - The New York Times

Progress on Checkpoints. Now for Gels and Shoes.

What’s up with all those specially dedicated lanes that funnel people into various categories up to the checkpoints? Read more..

By JOE SHARKEY - The New York Times

Q. How often do you fly?

Q. How often do you fly?. Read more..

By LAURA DAVIDSON, As told to JOAN RAYMOND - The New York Times

Running a Hedge Fund Is Harder Than It Looks on TV

Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: billions of dollars were being thrown around like confetti. Read more..

By ANDREW ROSS SORKIN - The New York Times

Student Files Are Exposed on Web Site

The Princeton Review, the test-preparatory firm, accidentally published the personal data and standardized test scores of tens of thousands of Florida students on its Web site, where they were available for seven weeks. Read more..

By BRAD STONE - The New York Times

When an Awkward Situation Turns Into a Bonding Experience

Sometimes, cultural immersion allows you to get to know a little too much about people. That’s what happened in Thailand. Read more..

By LAURA DAVIDSON, As told to JOAN RAYMOND - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.81 24.08 23.48 23.59 66.2M
Wells Fargo & Co. WFC 28.50 28.50 27.38 27.79 45.4M
General Electric GE 29.20 29.25 28.44 28.71 42.1M
JPMorgan Chase JPM 36.01 36.40 35.00 35.58 41.4M
Microsoft MSFT 27.54 27.75 27.27 27.32 40.3M
Pfizer PFE 19.52 19.71 19.30 19.34 34.5M
Home Depot HD 26.98 27.08 25.93 25.96 30.6M
Cisco Systems CSCO 24.29 24.51 24.07 24.24 26.8M
HP Inc. HPQ 44.40 44.40 43.33 43.69 22.8M
Oracle Corp. ORCL 22.68 22.77 22.45 22.56 22.5M
ExxonMobil XOM 76.38 78.27 76.37 77.95 22.1M
Apple AAPL 174.54 177.07 171.81 173.53 22M
AT&T Inc. T 31.27 31.32 30.61 30.80 17.7M
ConocoPhillips COP 76.71 79.57 76.71 79.25 15.8M
Comcast CMCSA 21.54 21.74 21.36 21.49 15.7M
Wal-Mart Stores WMT 58.50 58.81 57.89 58.20 15.3M
UnitedHealth Group UNH 31.97 32.13 29.98 30.97 12.6M
Procter & Gamble PG 71.02 71.72 70.65 70.72 12.3M
Altria MO 21.27 21.34 20.89 20.98 11.1M
Chevron CVX 82.75 85.33 82.75 84.71 10.9M
Merck MRK 35.47 35.69 35.00 35.25 10.3M
Verizon Communications VZ 34.61 34.78 34.05 34.20 9.79M
International Business Machines IBM 123.63 124.79 122.01 122.56 9.31M
Johnson & Johnson JNJ 70.65 71.38 70.65 71.15 9.13M
Walt Disney & Co. DIS 31.84 32.06 31.58 31.75 8.78M
Schlumberger SLB 89.00 93.68 88.86 92.88 8.57M
Bristol-Myers Squibb BMY 21.60 21.85 21.39 21.48 8.51M
Coca-Cola KO 54.23 54.59 53.98 54.33 8.28M
Boeing BA 63.48 64.19 62.62 62.95 8.1M
Amgen AMGN 64.00 64.44 63.77 63.94 7.93M
Gilead Sciences GILD 55.08 55.84 54.25 54.55 7.14M
Abbott Laboratories ABT 58.65 59.49 58.51 58.86 7.05M
Amazon AMZN 83.09 83.51 81.06 81.29 6.63M
Pepsico PEP 69.40 70.49 69.23 70.10 6.16M
Alphabet GOOGL 490.43 498.28 486.63 490.50 6.09M
McDonald's MCD 63.00 63.02 62.25 62.46 5.65M
Union Pacific UNP 77.20 77.26 76.23 76.63 5.47M
Visa V 74.45 75.24 73.61 73.74 5.28M
United Technologies UTX 65.29 65.46 64.61 64.95 3.94M
3M MMM 72.15 72.31 70.85 71.31 3.69M
Berkshire Hathaway BRK.B 3930.00 3943.00 3864.00 3900.00 17.4K
Exchange Rates of August 19, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 109.660 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.061 CAD 1 CAD = 0.943 USD
US Dollar Swiss Franc 1 USD = 1.091 CHF 1 CHF = 0.916 USD
US Dollar Chinese Yuan 1 USD = 6.860 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 162.090 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.792 GBP 1 GBP = 1.263 EUR
Euro Australian Dollar 1 EUR = 1.695 AUD 1 AUD = 0.590 EUR
Euro Canadian Dollar 1 EUR = 1.567 CAD 1 CAD = 0.638 EUR
Euro Swiss Franc 1 EUR = 1.613 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.488 GBP 1 GBP = 2.048 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.967 CAD 1 CAD = 1.034 JPY
Japanese Yen Swiss Franc 1 JPY = 0.995 CHF 1 CHF = 1.005 JPY
Pound Sterling Australian Dollar 1 GBP = 2.141 AUD 1 AUD = 0.467 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.980 CAD 1 CAD = 0.505 GBP
Pound Sterling Swiss Franc 1 GBP = 2.037 CHF 1 CHF = 0.491 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.924 CAD 1 CAD = 1.082 AUD
Australian Dollar Swiss Franc 1 AUD = 0.951 CHF 1 CHF = 1.052 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.029 CHF 1 CHF = 0.972 CAD

See what else happened on August 19, 2008