Financial news on August 23, 2011

Business and Financial news
A Magazine Bets That Readers Play Tag

Glamour’s September print issue will encourage readers to connect via Facebook and Twitter to access special content and deals. Read more..

By ELIZABETH OLSON - The New York Times

Bank of America's Next Move

Since Brian Moynihan became chief executive at the start of 2010, the bank's stock is down more than 50 percent. Jonathan Finger, a BofA shareholder, talks about his concerns for the institution. Read more..

CNBC - CNBC

Ford and Toyota to Work Together on Hybrid System for Trucks

In their first joint development project, the two automakers aim to save money as they work to meet government fuel-efficiency standards. Read more..

By NICK BUNKLEY - The New York Times

Former Chief of Drugstore Is Sentenced in Fraud Case

Anthony J. Cuti will have to pay a $5 million fine in addition to serving a three-year prison sentence for overstating the drugstore chain’s income to investors. Read more..

By THE ASSOCIATED PRESS - The New York Times

Israeli Self-Defense or Tai Chi? Depends on Who’s Watching

Cyrus Massoumi is the co-founder of ZocDoc, a free service for patients to make medical appointments online. Read more..

By CYRUS MASSOUMI - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

Rethinking Libya and Oil Prices

A return of Libyan oil production to levels before the unrest would take until 2015, according to one estimate. The forecast may now be too pessimistic. Read more..

By UNA GALANI and REYNOLDS HOLDING - The New York Times

Spitzer and Slate Face Defamation Lawsuit

Two suits were filed on behalf of two insurance brokers who were the target of a prosecution by Eliot Spitzer when he was the attorney general of New York. Read more..

By JEREMY W. PETERS - The New York Times

Stocks Barely Rise After Long Losing Streak

Markets around the world were trying to recover after four consecutive weeks of declines. Read more..

By GRAHAM BOWLEY - The New York Times

The Scramble for Access to Libya’s Oil Wealth Begins

Britain’s BP, Italy’s Eni, France’s Total and Austria’s OMV stand to gain the most once the conflict ends. But it is unclear whether a rebel government would honor contracts struck by the Qaddafi regime. Read more..

By CLIFFORD KRAUSS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 15.17 15.54 15.11 15.54 70.1M
Microsoft MSFT 24.03 24.75 24.03 24.72 59.7M
Cisco Systems CSCO 15.01 15.44 15.01 15.44 57.8M
JPMorgan Chase JPM 33.29 34.80 32.31 34.78 55.8M
Intel INTC 19.36 19.71 19.30 19.71 54.2M
Pfizer PFE 17.88 18.30 17.67 18.24 52.5M
Wells Fargo & Co. WFC 23.04 23.95 22.64 23.94 45.9M
ExxonMobil XOM 70.60 73.80 70.52 73.66 38.1M
Oracle Corp. ORCL 25.19 26.21 25.16 26.20 36.9M
HP Inc. HPQ 24.53 24.73 24.05 24.54 34.1M
Walt Disney & Co. DIS 32.07 32.11 31.33 32.11 30.4M
AT&T Inc. T 28.44 28.98 28.41 28.98 29.7M
Comcast CMCSA 19.81 20.08 19.54 20.06 25.6M
Verizon Communications VZ 34.99 35.96 34.91 35.96 24M
Apple AAPL 360.30 373.64 357.00 373.60 23.5M
Merck MRK 31.45 32.21 31.36 31.94 22.7M
General Motors GM 21.78 22.06 21.21 22.06 20M
Wal-Mart Stores WMT 52.16 53.21 52.13 53.21 17.2M
Abbott Laboratories ABT 49.41 50.59 49.38 50.51 16.4M
ConocoPhillips COP 63.52 65.72 63.49 65.71 15.3M
Procter & Gamble PG 61.95 63.22 61.76 63.02 15.2M
Johnson & Johnson JNJ 63.52 64.99 63.42 64.97 14.9M
Altria MO 25.98 26.45 25.85 26.43 14M
Home Depot HD 32.46 33.15 32.25 33.11 12.5M
Chevron CVX 93.92 97.38 93.46 97.33 12.3M
Bristol-Myers Squibb BMY 28.19 28.78 28.16 28.76 12.3M
Coca-Cola KO 67.47 69.06 67.32 69.06 12M
UnitedHealth Group UNH 43.80 44.98 43.12 44.87 9.08M
Gilead Sciences GILD 37.81 39.05 37.63 39.04 8.84M
Alphabet GOOGL 503.50 521.41 499.06 518.82 8.68M
Schlumberger SLB 72.96 76.17 72.13 76.13 8.68M
Amgen AMGN 52.36 53.62 52.22 53.62 7.81M
Pepsico PEP 62.15 63.48 62.10 63.48 7.63M
Amazon AMZN 178.92 194.84 178.52 193.55 7.35M
International Business Machines IBM 160.65 164.59 159.53 164.32 6.92M
Berkshire Hathaway BRK.B 67.71 69.66 67.60 69.59 6.68M
McDonald's MCD 87.76 89.56 87.75 89.53 6.62M
United Technologies UTX 68.22 69.93 67.82 69.93 6.59M
Boeing BA 58.70 60.77 58.19 60.77 6.53M
3M MMM 77.17 79.81 76.87 79.67 5.82M
Visa V 80.22 83.79 79.78 83.77 5.02M
Union Pacific UNP 86.32 88.47 84.82 88.43 4.7M
Exchange Rates of August 23, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 76.650 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.988 CAD 1 CAD = 1.012 USD
US Dollar Swiss Franc 1 USD = 0.792 CHF 1 CHF = 1.262 USD
US Dollar Chinese Yuan 1 USD = 6.399 CNY 1 CNY = 0.156 USD
Euro Japanese Yen 1 EUR = 110.660 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.875 GBP 1 GBP = 1.143 EUR
Euro Australian Dollar 1 EUR = 1.371 AUD 1 AUD = 0.730 EUR
Euro Canadian Dollar 1 EUR = 1.426 CAD 1 CAD = 0.701 EUR
Euro Swiss Franc 1 EUR = 1.144 CHF 1 CHF = 0.874 EUR
Euro Chinese Yuan 1 EUR = 9.236 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.791 GBP 1 GBP = 1.265 JPY
Japanese Yen Australian Dollar 1 JPY = 1.238 AUD 1 AUD = 0.807 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.288 CAD 1 CAD = 0.777 JPY
Japanese Yen Swiss Franc 1 JPY = 1.033 CHF 1 CHF = 0.968 JPY
Pound Sterling Australian Dollar 1 GBP = 1.566 AUD 1 AUD = 0.639 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.629 CAD 1 CAD = 0.614 GBP
Pound Sterling Swiss Franc 1 GBP = 1.306 CHF 1 CHF = 0.766 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.550 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.040 CAD 1 CAD = 0.962 AUD
Australian Dollar Swiss Franc 1 AUD = 0.834 CHF 1 CHF = 1.199 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.735 CNY 1 CNY = 0.148 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.802 CHF 1 CHF = 1.248 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.476 CNY 1 CNY = 0.154 CAD
Swiss Franc Chinese Yuan 1 CHF = 8.074 CNY 1 CNY = 0.124 CHF

See what else happened on August 23, 2011