Financial news on August 21st, 2013

Business and Financial news
2 Mining Giants Report Lower Earnings

Glencore Xstrata took a $7.7 billion write-down, and BHP Billiton said its annual profit fell 30 percent. Read more..

By JULIA WERDIGIER - The New York Times

David J. Galullo

Vivian Marino 30-Minute Interview with Rapt Studios chief executive David J Galullo; San-Francisco-based company designs corporate interiors for clients like Adobe, Google and the North Face. Read more..

By VIVIAN MARINO - The New York Times

Europe Set to Impose Sanctions on Faroe Islands Over Herring

European Commission says it is enacting tough trade sanctions against Faroe Islands after tiny North Atlantic territory unilaterally increased its herring quota. Read more..

By DAVID JOLLY - The New York Times

Facebook Leads an Effort to Lower Barriers to Internet Access

The social media giant is set to unveil a coalition of tech companies working to improve data transmission in the developing world. Read more..

By VINDU GOEL - The New York Times

Fox News Confirms the Firing of a Top Executive Who Was Once Close to Ailes

Fox News Channel confirms reports that chief executive Roger Ailes fired Brian Lewis, one of his longest-serving and closest lieutenants, for what it called 'issues related to financial irregularities, as well as for multiple, material and significant breaches of his employment contract;' company initially declined to comment on reports about Lewis. Read more..

By BILL CARTER - The New York Times

In Denver, Beat Starts to Pick Up in a Once-Thriving Hub for Jazz

Developers are moving into Denver's Five Points neighborhood, once-thriving center for jazz age that some called Harlem of the West, after decades of trying to restore area's landmarks and historic buildings. Read more..

By ALISON GREGOR - The New York Times

Netflix Makes Deal to Stream Weinstein Films

The agreement makes Netflix the exclusive subscription TV outlet for Weinstein Company films, and begins in 2016. Read more..

By MICHAEL CIEPLY - The New York Times

New Chinese Agency to Increase Financial Coordination

Chinese authorities say they will set up group to coordinate financial regulation; new agency is apparent attempt to reduce risk and wean economy off easy credit; will coordinate monetary regulatory policies, information-sharing and statistics. Read more..


New York Hotels Decide It’s Time for a Makeover

New York hotels, like Milford New York near Times Square and New York Palace hotel, are at forefront of boom in complete makeovers, following years of lower capital spending caused by economic downturn. Read more..

By JANE L. LEVERE - The New York Times

Wall Street Closes Mixed on Retailers’ Results

Positive earnings reports from some prominent retailers, including Home Depot and Best Buy, helped Wall Street indexes close either higher or flat. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.3624.4824.0524.0733.4M
General ElectricGE23.7223.7923.5623.6131.9M
HP Inc.HPQ25.9326.0425.2425.3825.7M
AT&T Inc.T33.8033.8533.4633.4820.5M
JPMorgan ChaseJPM51.9252.2251.2851.6317.1M
Wells Fargo & Co.WFC42.4542.6842.1342.3614.6M
Oracle Corp.ORCL32.1932.6232.1032.3012M
Home DepotHD74.6075.3373.4373.7310.8M
Gilead SciencesGILD57.7059.5457.4358.6910.1M
General MotorsGM34.7834.9534.3934.539.8M
Verizon CommunicationsVZ47.7947.7947.2447.278.43M
Wal-Mart StoresWMT73.1674.1372.9373.558.08M
Johnson & JohnsonJNJ89.4789.6388.6888.807.94M
Procter & GamblePG79.5080.1279.0579.387.39M
Walt Disney & Co.DIS61.6261.8861.0961.147.19M
Bristol-Myers SquibbBMY41.5041.7241.2241.326.79M
Abbott LaboratoriesABT34.6834.8634.4434.645.41M
International Business MachinesIBM184.67186.57184.28184.863.55M
UnitedHealth GroupUNH72.1872.3471.4771.853.31M
Berkshire HathawayBRK.B114.80115.00113.52113.983.11M
United TechnologiesUTX102.20102.48101.21101.703.08M
Union PacificUNP156.50156.80154.51154.871.9M
Exchange Rates of August 21st, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.690 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.048 CAD1 CAD = 0.955 USD
US DollarSwiss Franc1 USD = 0.922 CHF1 CHF = 1.085 USD
US DollarChinese Yuan1 USD = 6.123 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 130.480 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.853 GBP1 GBP = 1.172 EUR
EuroAustralian Dollar1 EUR = 1.488 AUD1 AUD = 0.672 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.715 EUR
EuroSwiss Franc1 EUR = 1.232 CHF1 CHF = 0.812 EUR
EuroChinese Yuan1 EUR = 8.184 CNY1 CNY = 0.122 EUR
Japanese YenPound Sterling1 JPY = 0.654 GBP1 GBP = 1.530 JPY
Japanese YenAustralian Dollar1 JPY = 1.140 AUD1 AUD = 0.877 JPY
Japanese YenCanadian Dollar1 JPY = 1.072 CAD1 CAD = 0.933 JPY
Japanese YenSwiss Franc1 JPY = 0.944 CHF1 CHF = 1.060 JPY
Pound SterlingAustralian Dollar1 GBP = 1.744 AUD1 AUD = 0.573 GBP
Pound SterlingCanadian Dollar1 GBP = 1.640 CAD1 CAD = 0.610 GBP
Pound SterlingSwiss Franc1 GBP = 1.444 CHF1 CHF = 0.693 GBP
Pound SterlingChinese Yuan1 GBP = 9.600 CNY1 CNY = 0.104 GBP
Australian DollarCanadian Dollar1 AUD = 0.940 CAD1 CAD = 1.064 AUD
Australian DollarSwiss Franc1 AUD = 0.827 CHF1 CHF = 1.209 AUD
Australian DollarChinese Yuan1 AUD = 5.512 CNY1 CNY = 0.181 AUD
Canadian DollarSwiss Franc1 CAD = 0.880 CHF1 CHF = 1.137 CAD
Canadian DollarChinese Yuan1 CAD = 5.851 CNY1 CNY = 0.171 CAD
Swiss FrancChinese Yuan1 CHF = 6.640 CNY1 CNY = 0.151 CHF

See what else happened on August 21st, 2013