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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.1715.5415.1115.5470.1M
MicrosoftMSFT24.0324.7524.0324.7259.7M
Cisco SystemsCSCO15.0115.4415.0115.4457.8M
JPMorgan ChaseJPM33.2934.8032.3134.7855.8M
IntelINTC19.3619.7119.3019.7154.2M
PfizerPFE17.8818.3017.6718.2452.5M
Wells Fargo & Co.WFC23.0423.9522.6423.9445.9M
ExxonMobilXOM70.6073.8070.5273.6638.1M
Oracle Corp.ORCL25.1926.2125.1626.2036.9M
HP Inc.HPQ24.5324.7324.0524.5434.1M
Walt Disney & Co.DIS32.0732.1131.3332.1130.4M
AT&T Inc.T28.4428.9828.4128.9829.7M
ComcastCMCSA19.8120.0819.5420.0625.6M
Verizon CommunicationsVZ34.9935.9634.9135.9624M
AppleAAPL360.30373.64357.00373.6023.5M
MerckMRK31.4532.2131.3631.9422.7M
General MotorsGM21.7822.0621.2122.0620M
Wal-Mart StoresWMT52.1653.2152.1353.2117.2M
Abbott LaboratoriesABT49.4150.5949.3850.5116.4M
ConocoPhillipsCOP63.5265.7263.4965.7115.3M
Procter & GamblePG61.9563.2261.7663.0215.2M
Johnson & JohnsonJNJ63.5264.9963.4264.9714.9M
AltriaMO25.9826.4525.8526.4314M
Home DepotHD32.4633.1532.2533.1112.5M
ChevronCVX93.9297.3893.4697.3312.3M
Bristol-Myers SquibbBMY28.1928.7828.1628.7612.3M
Coca-ColaKO67.4769.0667.3269.0612M
UnitedHealth GroupUNH43.8044.9843.1244.879.08M
Gilead SciencesGILD37.8139.0537.6339.048.84M
AlphabetGOOGL503.50521.41499.06518.828.68M
SchlumbergerSLB72.9676.1772.1376.138.68M
AmgenAMGN52.3653.6252.2253.627.81M
PepsicoPEP62.1563.4862.1063.487.63M
AmazonAMZN178.92194.84178.52193.557.35M
International Business MachinesIBM160.65164.59159.53164.326.92M
Berkshire HathawayBRK.B67.7169.6667.6069.596.68M
McDonald'sMCD87.7689.5687.7589.536.62M
United TechnologiesUTX68.2269.9367.8269.936.59M
BoeingBA58.7060.7758.1960.776.53M
3MMMM77.1779.8176.8779.675.82M
VisaV80.2283.7979.7883.775.02M
Union PacificUNP86.3288.4784.8288.434.7M
Exchange Rates of August 23, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.650 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.988 CAD1 CAD = 1.012 USD
US DollarSwiss Franc1 USD = 0.792 CHF1 CHF = 1.262 USD
US DollarChinese Yuan1 USD = 6.399 CNY1 CNY = 0.156 USD
EuroJapanese Yen1 EUR = 110.660 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.875 GBP1 GBP = 1.143 EUR
EuroAustralian Dollar1 EUR = 1.371 AUD1 AUD = 0.730 EUR
EuroCanadian Dollar1 EUR = 1.426 CAD1 CAD = 0.701 EUR
EuroSwiss Franc1 EUR = 1.144 CHF1 CHF = 0.874 EUR
EuroChinese Yuan1 EUR = 9.236 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.791 GBP1 GBP = 1.265 JPY
Japanese YenAustralian Dollar1 JPY = 1.238 AUD1 AUD = 0.807 JPY
Japanese YenCanadian Dollar1 JPY = 1.288 CAD1 CAD = 0.777 JPY
Japanese YenSwiss Franc1 JPY = 1.033 CHF1 CHF = 0.968 JPY
Pound SterlingAustralian Dollar1 GBP = 1.566 AUD1 AUD = 0.639 GBP
Pound SterlingCanadian Dollar1 GBP = 1.629 CAD1 CAD = 0.614 GBP
Pound SterlingSwiss Franc1 GBP = 1.306 CHF1 CHF = 0.766 GBP
Pound SterlingChinese Yuan1 GBP = 10.550 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 1.040 CAD1 CAD = 0.962 AUD
Australian DollarSwiss Franc1 AUD = 0.834 CHF1 CHF = 1.199 AUD
Australian DollarChinese Yuan1 AUD = 6.735 CNY1 CNY = 0.148 AUD
Canadian DollarSwiss Franc1 CAD = 0.802 CHF1 CHF = 1.248 CAD
Canadian DollarChinese Yuan1 CAD = 6.476 CNY1 CNY = 0.154 CAD
Swiss FrancChinese Yuan1 CHF = 8.074 CNY1 CNY = 0.124 CHF

See what else happened on August 23, 2011