Financial news on August 19th, 2013

Business and Financial news
Accounts and People of Note in the Advertising Industry

Brian Bennett joined PPC Associates, San Mateo, Calif., in a new post, vice president for sales and customer development. He had most recently been at Conductor, New York. Read more..

By STUART ELLIOTT - The New York Times

A Television Unit Flourishes in an Often Overlooked Corner of Sony

Sony Pictures Television, which has been a largely underacknowledged division, is gaining recognition for some ambitious efforts; change for business is due in part to prodding by one of Sony's largest shareholders Daniel S Loeb, who has blasted studio for not performing. Read more..

By BROOKS BARNES - The New York Times

Baidu Deal May Reduce App Piracy in China

Baidu, leading search engine in China, agrees to buy 91 Wireless for $1.9 billion from NetDragon, deal that could bring more order to China's messy world of mobile apps; move should also help Baidu regain ground against two other Chinese Internet giants, Alibaba and Tencent, which were quicker to add mobile capabilities. Read more..

By ERIC PFANNER - The New York Times

Lewis Kornfeld, Made Radio Shack an Early Player in PCs, Dies at 97

Lewis Kornfeld, president of Radio Shock, dies at age 97. Read more..

By DANIEL E. SLOTNIK - The New York Times

Postal Service Applies Old Promise to New Priority

Stuart Elliott Advertising column; United States Postal Service is devoting more attention and promotion of its delivery services; strong growth in package deliveries from e-commerce sites have helped set off losses that online communications have cost post office in revenue. Read more..

By STUART ELLIOTT - The New York Times

Routine Is Key to Creating Quality Cuisine

Tom Aikens is a Michelin-starred chef and runs the Tom Aikens and Tom's Kitchen restaurants in London. Read more..

By JULIA WERDIGIER - International Herald Tribune

Samsung Said to Be Preparing to Unveil Smart Watch

Samsung Electronics reportedly plans to introduce wristwatch that can make phone calls, play video games and send emails; launch could beat Apple to market with technology that moves mobile communications beyond smartphones and into entirely new product category. Read more..

By ERIC PFANNER - The New York Times

The Beauty of Limits

It may seem counterintuitive, but constraints give us something to use as a framework, a way to help us judge what to do next. Read more..

By CARL RICHARDS - The New York Times

The Cupcake Puzzle

How can you share 3 cupcakes among 5 students and avoid giving someone a tiny sliver of cake? Read more..

By GARY ANTONICK - The New York Times

This Pet Food Critic Is as Catty as They Come

The centerpiece for Merrick Pet Care’s new cat food line will be a food blog “written” by W. (Mittens) Bloomfield, an acerbic American Shorthair. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.3224.6624.2524.2739.6M
General ElectricGE23.9023.9623.7623.8532.2M
JPMorgan ChaseJPM52.8952.9551.8051.8322.8M
AT&T Inc.T34.1034.1833.6333.7921.1M
Wells Fargo & Co.WFC42.9642.9842.4642.4915.9M
Oracle Corp.ORCL32.4032.7032.0132.0613.4M
HP Inc.HPQ26.3026.5325.8125.8811.8M
General MotorsGM34.5634.8334.4234.499.21M
Home DepotHD75.4976.4475.1875.219.18M
Johnson & JohnsonJNJ89.4791.2589.3590.458.69M
Verizon CommunicationsVZ47.5548.0947.4547.507.87M
Bristol-Myers SquibbBMY41.4942.2341.4641.956.97M
Procter & GamblePG79.6480.0979.4279.595.96M
Walt Disney & Co.DIS62.1562.1861.8361.835.66M
Abbott LaboratoriesABT34.8534.9634.7134.885.6M
Gilead SciencesGILD56.8458.1356.7557.345.52M
Wal-Mart StoresWMT73.8873.9373.2173.585.36M
International Business MachinesIBM185.30186.50183.98184.233.25M
UnitedHealth GroupUNH71.5372.2071.4671.712.79M
Berkshire HathawayBRK.B115.14115.49114.19114.302.25M
United TechnologiesUTX102.83103.43102.53102.632.22M
Union PacificUNP157.77158.02156.38156.481.42M
Exchange Rates of August 19th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.620 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.034 CAD1 CAD = 0.967 USD
US DollarSwiss Franc1 USD = 0.924 CHF1 CHF = 1.082 USD
US DollarChinese Yuan1 USD = 6.123 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 130.190 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.852 GBP1 GBP = 1.174 EUR
EuroAustralian Dollar1 EUR = 1.462 AUD1 AUD = 0.684 EUR
EuroCanadian Dollar1 EUR = 1.379 CAD1 CAD = 0.725 EUR
EuroSwiss Franc1 EUR = 1.232 CHF1 CHF = 0.811 EUR
EuroChinese Yuan1 EUR = 8.166 CNY1 CNY = 0.122 EUR
Japanese YenPound Sterling1 JPY = 0.654 GBP1 GBP = 1.528 JPY
Japanese YenAustralian Dollar1 JPY = 1.123 AUD1 AUD = 0.891 JPY
Japanese YenCanadian Dollar1 JPY = 1.059 CAD1 CAD = 0.944 JPY
Japanese YenSwiss Franc1 JPY = 0.946 CHF1 CHF = 1.057 JPY
Pound SterlingAustralian Dollar1 GBP = 1.716 AUD1 AUD = 0.583 GBP
Pound SterlingCanadian Dollar1 GBP = 1.618 CAD1 CAD = 0.618 GBP
Pound SterlingSwiss Franc1 GBP = 1.446 CHF1 CHF = 0.692 GBP
Pound SterlingChinese Yuan1 GBP = 9.583 CNY1 CNY = 0.104 GBP
Australian DollarCanadian Dollar1 AUD = 0.943 CAD1 CAD = 1.060 AUD
Australian DollarSwiss Franc1 AUD = 0.843 CHF1 CHF = 1.187 AUD
Australian DollarChinese Yuan1 AUD = 5.580 CNY1 CNY = 0.179 AUD
Canadian DollarSwiss Franc1 CAD = 0.893 CHF1 CHF = 1.120 CAD
Canadian DollarChinese Yuan1 CAD = 5.920 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.625 CNY1 CNY = 0.151 CHF

See what else happened on August 19th, 2013