Financial news on August 20, 2010

Business and Financial news
Bank of America’s Ex-Chief Denies Fraud Charges

Kenneth D. Lewis, the former chief executive of Bank of America, responding to a lawsuit filed early this year by the attorney general of New York, denied allegations of fraud in connection with the bank’s merger with Merrill Lynch. Read more..

By DEALBOOK - The New York Times

Blankfein Sells Park Avenue Duplex

Lloyd C. Blankfein, head of Goldman Sachs, has had to cope with a soft real estate market like everybody else. He has finally sold his Park Avenue duplex for $12 million to Bryce and Elisabeth Markus, after initially listing it for $15 million Read more..

By DEALBOOK - The New York Times

Citic and China Merchants Send Funds to Hong Kong

Citic Securities and China Merchants Securities are injecting money into their Hong Kong units as China prepares to allow more foreign investment in its stock and debt markets. Read more..

By DEALBOOK - The New York Times

Editorial: Foreclosures Grind On

The Obama administration will need to do more in order to help Americans hold on to their homes. Read more..

By DEALBOOK - The New York Times

Fatalities on the Job Fell in 2009

A union official said the numbers might not be reliable because budget constraints might have delayed data reports from state agencies. Read more..

By STEVEN GREENHOUSE - The New York Times

G.M. Chief Sees I.P.O. as Exit Sign

Edward E. Whitacre Jr. has looked forward to the day the carmaker would no longer be under government ownership, but thinks a public offering requires a long-term leader. Read more..

By DEALBOOK - The New York Times

K.N.O.C. Makes $2.9 Billion Bid for Dana

Korea National Oil Corp. made its hostile bid for Dana Petroleum public on Friday, offering £1.87 billion cash to the holders of Dana shares and convertible bonds. Read more..

By CHRIS V. NICHOLSON - The New York Times

Krugman: Appeasing the Bond Gods

The policy elite are making a strange argument in demanding that we engage in human sacrifices to appease the anger of invisible gods. Read more..

By DEALBOOK - The New York Times

Markets Fall as Jobless Filings Rise

New applications for unemployment insurance reached a half million last week, pointing to a job market that is struggling. Read more..

By CHRISTINE HAUSER - The New York Times

Vice Fund Reaps the Wages of, Well, Sin

Crime may not pay, but vice does. Jeff Middleswart’s Vice Fund, a mutual fund that invests in companies profiting from vices like smoking, drinking and gambling, is beating the house in a down market. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.92 19.00 18.76 18.91 95.2M
General Electric GE 15.18 15.18 14.89 15.03 65.4M
Cisco Systems CSCO 22.19 22.41 22.13 22.23 54.7M
Microsoft MSFT 24.31 24.40 24.20 24.23 49.6M
Pfizer PFE 15.91 16.02 15.85 15.92 49.1M
Wells Fargo & Co. WFC 24.43 24.71 24.27 24.60 40M
HP Inc. HPQ 40.49 40.59 39.33 39.85 38.9M
AT&T Inc. T 26.80 26.88 26.33 26.45 35.6M
JPMorgan Chase JPM 37.11 37.36 36.81 37.14 30.9M
Oracle Corp. ORCL 22.95 23.08 22.77 23.02 22M
ExxonMobil XOM 59.02 59.07 58.55 58.89 21M
Bristol-Myers Squibb BMY 26.31 26.54 26.08 26.44 18.1M
Verizon Communications VZ 29.43 29.60 29.14 29.37 17.3M
Comcast CMCSA 17.76 17.86 17.55 17.81 16.8M
Apple AAPL 249.39 253.92 249.00 249.64 13.7M
Abbott Laboratories ABT 49.04 49.43 48.93 49.34 13.4M
Gilead Sciences GILD 33.08 33.12 32.41 32.64 12.9M
ConocoPhillips COP 54.29 54.47 53.29 53.89 12.9M
Home Depot HD 28.08 28.32 27.89 28.17 12.4M
Merck MRK 34.55 34.69 34.25 34.44 12.2M
Procter & Gamble PG 59.94 60.17 59.67 59.98 12.1M
Wal-Mart Stores WMT 50.17 50.47 50.03 50.22 11.7M
Johnson & Johnson JNJ 58.70 58.91 58.49 58.74 11.3M
Altria MO 22.64 22.81 22.62 22.71 11.3M
Coca-Cola KO 54.92 55.44 54.92 55.30 9.63M
Schlumberger SLB 57.15 57.43 55.82 56.46 9.34M
Chevron CVX 75.46 75.56 74.55 75.05 9.3M
Walt Disney & Co. DIS 33.00 33.20 32.71 33.05 8.63M
Visa V 71.29 71.59 69.58 70.10 7.88M
Alphabet GOOGL 467.97 471.59 461.02 462.02 7.83M
International Business Machines IBM 128.72 128.98 126.96 127.50 6.25M
Pepsico PEP 64.30 65.28 64.30 64.80 5.66M
McDonald's MCD 72.87 73.20 72.68 73.08 5.57M
Berkshire Hathaway BRK.B 76.85 78.15 76.85 77.73 5.4M
UnitedHealth Group UNH 31.75 31.83 31.39 31.61 5.33M
Amgen AMGN 52.55 52.67 52.07 52.34 4.39M
3M MMM 81.00 81.44 80.11 80.66 4.36M
Amazon AMZN 127.20 128.04 126.02 127.76 4.17M
Boeing BA 64.20 64.73 63.59 64.60 3.87M
United Technologies UTX 67.55 68.70 67.41 68.12 3.82M
Union Pacific UNP 73.72 74.36 72.91 74.26 2.75M
Exchange Rates of August 20, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.560 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.046 CAD 1 CAD = 0.956 USD
US Dollar Swiss Franc 1 USD = 1.034 CHF 1 CHF = 0.968 USD
US Dollar Chinese Yuan 1 USD = 6.791 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 108.760 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.818 GBP 1 GBP = 1.222 EUR
Euro Australian Dollar 1 EUR = 1.421 AUD 1 AUD = 0.704 EUR
Euro Canadian Dollar 1 EUR = 1.330 CAD 1 CAD = 0.752 EUR
Euro Swiss Franc 1 EUR = 1.314 CHF 1 CHF = 0.761 EUR
Euro Chinese Yuan 1 EUR = 8.629 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.752 GBP 1 GBP = 1.330 JPY
Japanese Yen Australian Dollar 1 JPY = 1.306 AUD 1 AUD = 0.766 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.223 CAD 1 CAD = 0.818 JPY
Japanese Yen Swiss Franc 1 JPY = 1.207 CHF 1 CHF = 0.828 JPY
Pound Sterling Australian Dollar 1 GBP = 1.738 AUD 1 AUD = 0.575 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.626 CAD 1 CAD = 0.615 GBP
Pound Sterling Swiss Franc 1 GBP = 1.606 CHF 1 CHF = 0.623 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.539 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.070 AUD
Australian Dollar Swiss Franc 1 AUD = 0.924 CHF 1 CHF = 1.082 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.068 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.984 CHF 1 CHF = 1.016 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.487 CNY 1 CNY = 0.154 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.566 CNY 1 CNY = 0.152 CHF

See what else happened on August 20, 2010