Financial news on August 22, 2013

Business and Financial news
A Digital Camera From a Kit

The build-it-yourself Bigshot camera works, but it may be more of a challenge than its target audience is ready for. Read more..

By ROY FURCHGOTT - The New York Times

Cyprus Bank’s Bailout Hands Ownership to Russian Plutocrats

Russian plutocrats, months after the European Union bailout of Cyprus’s banks, have become majority owners, at least on paper, of the Bank of Cyprus, country’s largest financial institution; weakened bank still has political influence. Read more..

By ANDREW HIGGINS - The New York Times

Devices Lead the Way to a Smarter TV

Tool Kit column; change is coming to the television set, but for now the best way to get access to streaming online video is through game consoles and other devices like Apple TV and Google’s Chromecast. Read more..

By BRIAN STELTER - The New York Times

Fitting More on a DVD

Personal Tech Q&A on how to squeeze more video onto a DVD, and choosing the best smartphones; Tip of the Week on photo-editing in Google Plus Photos collection. Read more..

By J. D. BIERSDORFER - The New York Times

Lunchables, the Lunchbox King, Faces a Rival Vowing Higher-Quality Fare

California company Revolution Foods says it has a healthier version of prepackaged lunch meals to compete against rival Kraft Food Group's Oscar Mayer Lunchables, which have long been criticized over their nutritional value; firm's new Meal Kits for children will compete in the small but lucrative $1.35 billion niche product category. Read more..

By STEPHANIE STROM - The New York Times

Markets Close Lower After Release of Fed Minutes

Wall Street indexes wavered and closed lower after a summary of the Federal Reserve’s policy-setting meeting showed no consensus on when to scale back stimulus efforts. Read more..

By REUTERS - The New York Times

Marvel Superheros to Start Touring Next Year

The “Marvel Experience,” already supported by a number of wealthy investors, would visit as many as 22 cities annually. Read more..

By BROOKS BARNES - The New York Times

Rising Rates Did Little to Curb July Home Sales

National Association of Realtors says sales of existing homes jumped in July to the highest level in more than three years, despite rising mortgage interest rates; sales rose 6.5 percent to seasonally adjusted annual rate of 5.39 million units. Read more..

By REUTERS - The New York Times

Toll Brothers Profit Falls, but the Builder’s Optimism Rises

Toll Brothers reports fiscal third-quarter profit of $46.6 million, or 26 cents a share, down 24 percent compared with $61.6 million, or 36 cents a share, in year-ago quarter; revenue rose 24 percent to $689.2 million. Read more..

By THE ASSOCIATED PRESS - The New York Times

Wind Farms Take Root Out at Sea

Now on the same scale as gas- or coal-fired power stations, wind farms have grown large offshore. Though costs are slowly decreasing, the industry still has a long way to go to become competitive. Read more..

By STANLEY REED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ23.2023.2421.8122.2267.7M
MicrosoftMSFT32.1932.4932.1032.3931.2M
General ElectricGE23.6623.8023.6123.7831M
AT&T Inc.T33.5034.0033.1933.8225.9M
Cisco SystemsCSCO24.0824.2223.9624.0124.3M
PfizerPFE28.3328.3328.1128.1622.7M
FacebookFB38.3738.7538.3438.5521.9M
IntelINTC22.2622.3922.1722.2617.4M
McDonald'sMCD95.3795.6995.2195.4615.4M
JPMorgan ChaseJPM52.0052.6651.9352.2114.7M
Wells Fargo & Co.WFC42.4142.6342.1842.4814M
Coca-ColaKO38.3238.5238.1038.3110.3M
Oracle Corp.ORCL32.4232.5332.1332.4010.3M
ExxonMobilXOM86.5887.4286.4586.9810.2M
Verizon CommunicationsVZ47.4547.4546.7447.029.86M
General MotorsGM34.6635.0534.6534.999.57M
AppleAAPL504.98505.59498.20502.968.72M
MerckMRK47.6347.9847.4047.818.63M
AltriaMO33.4733.6433.1233.568.18M
Johnson & JohnsonJNJ88.7689.0388.1288.267.19M
Home DepotHD73.9174.2073.3574.006.67M
Procter & GamblePG79.3080.0578.8779.776.27M
ComcastCMCSA41.9642.1741.8742.025.69M
Walt Disney & Co.DIS61.3261.8261.1661.645.3M
Gilead SciencesGILD58.7559.9858.7059.934.75M
Bristol-Myers SquibbBMY41.3741.8141.1141.664.62M
SchlumbergerSLB80.7782.6480.5182.214.5M
Abbott LaboratoriesABT34.6734.7534.4334.674.2M
ConocoPhillipsCOP65.5866.4365.4566.154.1M
ChevronCVX117.94119.19117.43118.294.03M
Wal-Mart StoresWMT73.8174.0473.2473.463.95M
PepsicoPEP78.9979.6978.7179.253.82M
Berkshire HathawayBRK.B114.18115.33113.97114.753.48M
UnitedHealth GroupUNH72.0472.7471.8371.972.96M
BoeingBA103.88105.50103.88105.142.86M
United TechnologiesUTX102.09104.00101.65102.962.7M
VisaV179.64181.43177.02178.922.65M
International Business MachinesIBM185.65186.25184.25185.192.35M
AmgenAMGN106.00107.36104.83106.292.12M
3MMMM113.61114.89113.34114.672M
AlphabetGOOGL872.70874.75870.25873.711.74M
Union PacificUNP155.30158.89155.30158.601.49M
AmazonAMZN284.80289.87284.80289.731.42M
Exchange Rates of August 22, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98.760 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.052 CAD1 CAD = 0.951 USD
US DollarSwiss Franc1 USD = 0.923 CHF1 CHF = 1.083 USD
US DollarChinese Yuan1 USD = 6.121 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 131.920 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.857 GBP1 GBP = 1.167 EUR
EuroAustralian Dollar1 EUR = 1.482 AUD1 AUD = 0.675 EUR
EuroCanadian Dollar1 EUR = 1.405 CAD1 CAD = 0.712 EUR
EuroSwiss Franc1 EUR = 1.233 CHF1 CHF = 0.811 EUR
EuroChinese Yuan1 EUR = 8.174 CNY1 CNY = 0.122 EUR
Japanese YenPound Sterling1 JPY = 0.649 GBP1 GBP = 1.540 JPY
Japanese YenAustralian Dollar1 JPY = 1.122 AUD1 AUD = 0.891 JPY
Japanese YenCanadian Dollar1 JPY = 1.064 CAD1 CAD = 0.940 JPY
Japanese YenSwiss Franc1 JPY = 0.935 CHF1 CHF = 1.070 JPY
Pound SterlingAustralian Dollar1 GBP = 1.729 AUD1 AUD = 0.578 GBP
Pound SterlingCanadian Dollar1 GBP = 1.639 CAD1 CAD = 0.610 GBP
Pound SterlingSwiss Franc1 GBP = 1.439 CHF1 CHF = 0.695 GBP
Pound SterlingChinese Yuan1 GBP = 9.539 CNY1 CNY = 0.105 GBP
Australian DollarCanadian Dollar1 AUD = 0.948 CAD1 CAD = 1.055 AUD
Australian DollarSwiss Franc1 AUD = 0.832 CHF1 CHF = 1.202 AUD
Australian DollarChinese Yuan1 AUD = 5.517 CNY1 CNY = 0.181 AUD
Canadian DollarSwiss Franc1 CAD = 0.877 CHF1 CHF = 1.140 CAD
Canadian DollarChinese Yuan1 CAD = 5.817 CNY1 CNY = 0.172 CAD
Swiss FrancChinese Yuan1 CHF = 6.626 CNY1 CNY = 0.151 CHF

See what else happened on August 22, 2013