Financial news on August 21st, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE28.3028.8228.2028.7537.6M
Wells Fargo & Co.WFC28.1728.6828.0428.4437.3M
JPMorgan ChaseJPM36.1836.6035.7936.2630.6M
Cisco SystemsCSCO24.0524.3423.8724.2323.7M
Oracle Corp.ORCL22.3922.4522.1622.3022.4M
Home DepotHD25.6026.6825.5126.5718.8M
AT&T Inc.T30.4630.8630.3230.7615.8M
HP Inc.HPQ45.7046.5545.6146.4514.4M
Bristol-Myers SquibbBMY21.4322.0721.3121.9011.8M
Wal-Mart StoresWMT57.8958.5957.4858.5011.4M
Verizon CommunicationsVZ34.1034.7434.0134.5710.1M
Procter & GamblePG69.8370.1169.2969.909.72M
Abbott LaboratoriesABT57.9558.1457.5158.047.95M
Johnson & JohnsonJNJ70.6871.5470.5171.287.84M
Walt Disney & Co.DIS31.6532.0031.3231.836.97M
Gilead SciencesGILD54.1554.4453.2954.156.48M
International Business MachinesIBM121.58123.43121.55122.996.32M
UnitedHealth GroupUNH30.1030.7329.8530.305.94M
United TechnologiesUTX64.1064.6863.5264.214.07M
Union PacificUNP77.5278.5676.8677.983.59M
Berkshire HathawayBRK.B3845.003860.003818.003835.0014K
Exchange Rates of August 21st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.470 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.044 CAD1 CAD = 0.958 USD
US DollarSwiss Franc1 USD = 1.086 CHF1 CHF = 0.921 USD
US DollarChinese Yuan1 USD = 6.844 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 161.580 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.793 GBP1 GBP = 1.261 EUR
EuroAustralian Dollar1 EUR = 1.693 AUD1 AUD = 0.591 EUR
EuroCanadian Dollar1 EUR = 1.555 CAD1 CAD = 0.643 EUR
EuroSwiss Franc1 EUR = 1.618 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.491 GBP1 GBP = 2.038 JPY
Japanese YenAustralian Dollar1 JPY = 1.048 AUD1 AUD = 0.955 JPY
Japanese YenCanadian Dollar1 JPY = 0.962 CAD1 CAD = 1.039 JPY
Japanese YenSwiss Franc1 JPY = 1.001 CHF1 CHF = 0.999 JPY
Pound SterlingAustralian Dollar1 GBP = 2.135 AUD1 AUD = 0.468 GBP
Pound SterlingCanadian Dollar1 GBP = 1.960 CAD1 CAD = 0.510 GBP
Pound SterlingSwiss Franc1 GBP = 2.039 CHF1 CHF = 0.490 GBP
Australian DollarCanadian Dollar1 AUD = 0.918 CAD1 CAD = 1.089 AUD
Australian DollarSwiss Franc1 AUD = 0.955 CHF1 CHF = 1.047 AUD
Canadian DollarSwiss Franc1 CAD = 1.040 CHF1 CHF = 0.961 CAD

See what else happened on August 21st, 2008