Financial news on August 21, 2008

Business and Financial news
19 Hours on One Charge, but There’s a Small Catch

If you thought it would be impossible to fly all the way from New York to Beijing on one battery charge for your notebook, you might want to try Dell’s new 14.1-inch widescreen Latitude E6400. Read more..

By DANIELLE BELOPOTOSKY - The New York Times

Australia: Acquisition for Gas Company

Queensland Gas, one of the companies proposing a liquefied natural gas project in northeast Australia, has agreed to buy Sunshine Gas Ltd. for at least 837 million Australian dollars ($730 million). Read more..

By BLOOMBERG NEWS - The New York Times

A Wireless Network for Music in the Home Gets an Upgrade

Sonos is upgrading its line of devices that play music throughout a home over a wireless network with products aimed at music lovers who aren’t serious audiophiles. Read more..

By STEPHEN C. MILLER - The New York Times

Evercore in $120 Million Deal With Mizuho

Evercore Partners, the boutique investment bank, said it plans to use fresh capital from Mizuho to expand its investment management business. Read more..

By MICHAEL J. de la MERCED - The New York Times

Gmail on a Cloudless Day

When the Gmail Web site went down last week, it made me realize how much I need the e-mail messages in the in-box. Is there any way to download them so I have local reference copies on my computer? Read more..

By J. D. BIERSDORFER - The New York Times

Report Rejects Medicare Boast of Paring Fraud

Medicare officials’ 2006 statements that they had reduced the number of fraudulent and improper claims were misleading, a draft report says. Read more..

By CHARLES DUHIGG - The New York Times

Those Shelved Brands Start to Look Tempting

In a tough economy, marketers are looking at brands that they already own to see if they can be revived or renewed to save costs on advertising. Read more..

By STUART ELLIOTT - The New York Times

Two Operating Systems, One PC

Is it possible to install Ubuntu Linux on my Windows XP computer so I can have both systems on one machine — without having to reinstall Windows? Read more..

By J. D. BIERSDORFER - The New York Times

Welcome, Freshmen. Have an iPod.

Taking a step that professors may view as a bit counterproductive, some universities are doling out Apple iPhones and Internet-capable iPods to students. Read more..

By JONATHAN D. GLATER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.13 23.27 22.80 23.05 55M
Microsoft MSFT 27.10 27.23 26.86 27.18 43.6M
General Electric GE 28.30 28.82 28.20 28.75 37.6M
Wells Fargo & Co. WFC 28.17 28.68 28.04 28.44 37.3M
JPMorgan Chase JPM 36.18 36.60 35.79 36.26 30.6M
Pfizer PFE 19.15 19.44 19.04 19.37 27M
ExxonMobil XOM 79.28 80.95 79.00 80.35 24.6M
Cisco Systems CSCO 24.05 24.34 23.87 24.23 23.7M
Oracle Corp. ORCL 22.39 22.45 22.16 22.30 22.4M
ConocoPhillips COP 81.69 85.42 81.41 85.05 20.4M
Apple AAPL 174.47 175.45 171.89 174.29 19.3M
Home Depot HD 25.60 26.68 25.51 26.57 18.8M
AT&T Inc. T 30.46 30.86 30.32 30.76 15.8M
HP Inc. HPQ 45.70 46.55 45.61 46.45 14.4M
Merck MRK 34.86 34.99 34.15 34.82 14.1M
Comcast CMCSA 21.18 21.55 20.95 21.47 13.3M
Bristol-Myers Squibb BMY 21.43 22.07 21.31 21.90 11.8M
Wal-Mart Stores WMT 57.89 58.59 57.48 58.50 11.4M
Chevron CVX 87.25 89.10 87.14 88.52 11.2M
Schlumberger SLB 96.86 100.00 96.85 98.96 11.1M
Verizon Communications VZ 34.10 34.74 34.01 34.57 10.1M
Procter & Gamble PG 69.83 70.11 69.29 69.90 9.72M
Altria MO 20.88 20.95 20.65 20.91 8.86M
Abbott Laboratories ABT 57.95 58.14 57.51 58.04 7.95M
Johnson & Johnson JNJ 70.68 71.54 70.51 71.28 7.84M
Alphabet GOOGL 482.92 489.90 479.27 486.53 7.02M
Walt Disney & Co. DIS 31.65 32.00 31.32 31.83 6.97M
Amgen AMGN 63.01 63.91 62.78 63.81 6.92M
Gilead Sciences GILD 54.15 54.44 53.29 54.15 6.48M
International Business Machines IBM 121.58 123.43 121.55 122.99 6.32M
Amazon AMZN 81.41 83.77 80.98 83.26 6.16M
UnitedHealth Group UNH 30.10 30.73 29.85 30.30 5.94M
Coca-Cola KO 54.19 54.24 53.22 53.51 5.84M
Pepsico PEP 69.51 69.66 68.65 69.39 5.65M
McDonald's MCD 61.93 62.85 61.90 62.31 5.14M
United Technologies UTX 64.10 64.68 63.52 64.21 4.07M
Boeing BA 62.97 63.79 62.21 63.55 4.05M
Visa V 73.96 74.64 73.19 74.38 3.89M
Union Pacific UNP 77.52 78.56 76.86 77.98 3.59M
3M MMM 70.26 71.29 69.75 70.91 2.98M
Berkshire Hathaway BRK.B 3845.00 3860.00 3818.00 3835.00 14K
Exchange Rates of August 21, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 108.470 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.044 CAD 1 CAD = 0.958 USD
US Dollar Swiss Franc 1 USD = 1.086 CHF 1 CHF = 0.921 USD
US Dollar Chinese Yuan 1 USD = 6.844 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 161.580 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.793 GBP 1 GBP = 1.261 EUR
Euro Australian Dollar 1 EUR = 1.693 AUD 1 AUD = 0.591 EUR
Euro Canadian Dollar 1 EUR = 1.555 CAD 1 CAD = 0.643 EUR
Euro Swiss Franc 1 EUR = 1.618 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.491 GBP 1 GBP = 2.038 JPY
Japanese Yen Australian Dollar 1 JPY = 1.048 AUD 1 AUD = 0.955 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.962 CAD 1 CAD = 1.039 JPY
Japanese Yen Swiss Franc 1 JPY = 1.001 CHF 1 CHF = 0.999 JPY
Pound Sterling Australian Dollar 1 GBP = 2.135 AUD 1 AUD = 0.468 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.960 CAD 1 CAD = 0.510 GBP
Pound Sterling Swiss Franc 1 GBP = 2.039 CHF 1 CHF = 0.490 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.918 CAD 1 CAD = 1.089 AUD
Australian Dollar Swiss Franc 1 AUD = 0.955 CHF 1 CHF = 1.047 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.040 CHF 1 CHF = 0.961 CAD

See what else happened on August 21, 2008