Financial news on August 23, 2010

Business and Financial news
Australia Steps Up Renewable Energy Efforts

Sustainable energy now supplies just 6 percent of power in Australia, but the country has set a target of 20 percent by 2020. Read more..

By MICHAEL PERRY - International Herald Tribune

Big Banks Still Threaten Small Ones, Fed Official Says

The president of the Federal Reserve Bank of Kansas City warned that recently enacted financial regulations might not end market perceptions that taxpayers would rescue the largest banks. Read more..

By DEALBOOK - The New York Times

Deutsche Starts Dark Pool in Hong Kong

Deutsche Bank started dark-pool trading in Hong Kong on Monday, the German lender’s first such platform in Asia. Read more..

By DEALBOOK - The New York Times

In Striking Shift, Small Investors Flee Stocks

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year. Now many are choosing investments they deem safer, like bonds. Read more..

By DEALBOOK - The New York Times

In the Living Room, Hooked on Pay TV

Despite the proliferation of Internet video, few Americans are actually canceling pay TV and watching shows online. Read more..

By MATT RICHTEL and BRIAN STELTER - The New York Times

MF Global to Venture Into Money Management

MF Global is poised to enter money management and investment banking, the brokerage firm’s new boss was quoted as saying by The Financial Times on Monday. Read more..

By DEALBOOK - The New York Times

Playing Up the Sporty Side of a Honda Hybrid Coupe

A new campaign tries to break through the ad clutter, the struggling economy and an overly benign image to reach men ages 25 to 35. Read more..

By STUART ELLIOTT - The New York Times

SABMiller and Asahi Eye Foster’s Beer

SABMiller and Asahi Breweries, the beverage companies, are looking at Foster’s Group’s beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said. Read more..

By DEALBOOK - The New York Times

Scrutiny for Chinese Telecom Bid

Eight Republican lawmakers have asked the Obama administration to study Huawei and its bid to supply equipment to Sprint Nextel. Read more..

By DAVID BARBOZA - The New York Times

TPG to Raise $736 Million for Its First Renminbi Fund

For its first renminbi-denominated private equity fund, TPG Capital will raise $736.3 million in the next several months, The Wall Street Journal reported. 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 18.98 18.60 18.70 72M
Pfizer PFE 16.20 16.24 15.98 16.10 59M
General Electric GE 15.22 15.27 14.85 14.89 55.6M
Microsoft MSFT 24.44 24.64 24.24 24.28 51.6M
Cisco Systems CSCO 22.47 22.48 21.65 21.68 49.3M
HP Inc. HPQ 39.94 40.00 38.61 39.04 37.4M
AT&T Inc. T 26.59 26.79 26.48 26.49 33.9M
Wells Fargo & Co. WFC 24.86 24.88 24.19 24.23 33.8M
JPMorgan Chase JPM 37.21 37.41 36.84 36.88 29.3M
ExxonMobil XOM 58.97 60.05 58.90 59.50 21.3M
Comcast CMCSA 17.98 18.01 17.43 17.45 20.1M
Verizon Communications VZ 29.53 29.66 29.38 29.41 20M
Oracle Corp. ORCL 23.06 23.30 22.83 22.84 18.3M
Abbott Laboratories ABT 49.55 50.18 49.55 49.78 15M
ConocoPhillips COP 54.10 54.57 53.59 53.71 14.9M
Apple AAPL 251.79 252.00 245.25 245.80 14.8M
Wal-Mart Stores WMT 50.57 51.50 50.39 51.14 14.7M
Altria MO 22.83 22.94 22.69 22.73 12.3M
Bristol-Myers Squibb BMY 26.48 26.76 26.38 26.48 12.1M
Home Depot HD 28.56 28.64 27.80 27.83 11.4M
Schlumberger SLB 55.63 56.73 55.50 55.82 10.5M
Chevron CVX 75.34 75.99 75.05 75.05 9.99M
Merck MRK 34.70 35.22 34.56 34.97 9.98M
Gilead Sciences GILD 32.95 33.12 32.79 32.85 9.65M
Johnson & Johnson JNJ 58.98 59.35 58.81 58.87 8.84M
Procter & Gamble PG 60.01 60.39 59.86 60.03 8.47M
Walt Disney & Co. DIS 33.23 33.55 32.80 32.93 8.05M
Coca-Cola KO 55.51 55.87 55.41 55.60 7.62M
Alphabet GOOGL 461.50 468.25 457.73 464.07 5.97M
McDonald's MCD 73.53 73.94 73.33 73.34 5.4M
UnitedHealth Group UNH 31.63 32.17 31.47 31.50 5.08M
Visa V 70.55 71.30 69.60 70.12 4.6M
International Business Machines IBM 127.57 128.03 126.44 126.47 4.03M
United Technologies UTX 68.54 68.97 67.21 67.22 3.96M
Boeing BA 65.09 65.24 63.21 63.30 3.89M
Amazon AMZN 127.86 129.22 126.50 126.60 3.86M
Amgen AMGN 52.47 52.97 51.93 51.95 3.47M
Pepsico PEP 65.14 65.40 64.78 64.82 3.26M
3M MMM 81.01 82.30 80.90 81.08 3.24M
Berkshire Hathaway BRK.B 77.88 78.05 77.21 77.23 3M
Union Pacific UNP 74.54 74.89 72.69 72.86 2.81M
Exchange Rates of August 23, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.100 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.051 CAD 1 CAD = 0.951 USD
US Dollar Swiss Franc 1 USD = 1.041 CHF 1 CHF = 0.961 USD
US Dollar Chinese Yuan 1 USD = 6.801 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 107.620 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.816 GBP 1 GBP = 1.226 EUR
Euro Australian Dollar 1 EUR = 1.420 AUD 1 AUD = 0.704 EUR
Euro Canadian Dollar 1 EUR = 1.330 CAD 1 CAD = 0.752 EUR
Euro Swiss Franc 1 EUR = 1.317 CHF 1 CHF = 0.759 EUR
Euro Chinese Yuan 1 EUR = 8.601 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.758 GBP 1 GBP = 1.320 JPY
Japanese Yen Australian Dollar 1 JPY = 1.319 AUD 1 AUD = 0.758 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.235 CAD 1 CAD = 0.810 JPY
Japanese Yen Swiss Franc 1 JPY = 1.223 CHF 1 CHF = 0.818 JPY
Pound Sterling Australian Dollar 1 GBP = 1.740 AUD 1 AUD = 0.575 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.630 CAD 1 CAD = 0.614 GBP
Pound Sterling Swiss Franc 1 GBP = 1.614 CHF 1 CHF = 0.620 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.530 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.936 CAD 1 CAD = 1.068 AUD
Australian Dollar Swiss Franc 1 AUD = 0.927 CHF 1 CHF = 1.078 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.058 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.990 CHF 1 CHF = 1.010 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.465 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.528 CNY 1 CNY = 0.153 CHF

See what else happened on August 23, 2010