Financial news on August 24, 2010

Business and Financial news
A Magazine Now Tailored to the Not Necessarily Retired

AARP The Magazine now sends slightly different versions to three separate age groups. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Carry-Ons and Courtesy Need to Co-Exist

With most flights full, anxieties and tensions associated with stowing carry-on bags are soaring. Read more..

By JOE SHARKEY - The New York Times

Digital Devices Deprive Brain of Needed Downtime

Time without digital input can allow people to learn better or come up with new ideas. Read more..

By MATT RICHTEL - The New York Times

F.A.S.B. Chairman Plans to Retire

The Financial Accounting Standards Board said its chairman, Robert Herz, had decided to retire after more than eight years leading the group. Read more..

By CYRUS SANATI - The New York Times

HSBC Seeks to Acquire Major Stake in Nedbank

A 70 percent stake in Nedbank is currently valued at about $6.4 billion. Read more..

By CHRIS V. NICHOLSON - The New York Times

Judges Taking Tougher Line on Bank Settlements

Some judges have departed from quietly rubber-stamping settlements with banks accused of wrongdoing and forced the government to seek harsher penalties. Read more..

By DEALBOOK - The New York Times

K.N.O.C. Chief Says No Plan to Raise Dana Offer

Korea National Oil Corp. will not consider raising its $2.6 billion hostile takeover offer for the oil explorer Dana Petroleum, K.N.O.C.’s chief executive said Tuesday. Read more..

By DEALBOOK - The New York Times

Nimbula Nabs $15 Million in Accel-Led Round

Nimbula on Monday announced it had raised $15 million in a second round of funding. The round was led by Accel Partners. Read more..

By DEALBOOK - The New York Times

Norwegian Property Sells Hotels for $1.33 Billion

Norwegian Property has agreed to sell Nordic hotel property firm Norgani Hotels to Sweden-based real estate firm Pandox and its Norwegian owners for around $1.33 billion, the real estate group said. Read more..

By DEALBOOK - The New York Times

Overestimating the Safety of Bonds

In search of safety, investors have poured money into bond funds, but the funds are a different animal than an individual bond, and that becomes very important when interest rates change. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 14.74 14.75 14.41 14.57 89.7M
Intel INTC 18.56 18.68 18.39 18.41 75.1M
Cisco Systems CSCO 21.43 21.45 21.10 21.13 74.2M
Microsoft MSFT 24.09 24.35 24.00 24.04 66.5M
Wells Fargo & Co. WFC 23.96 24.05 23.54 23.64 55.7M
Pfizer PFE 15.94 15.97 15.77 15.82 50.3M
JPMorgan Chase JPM 36.59 36.70 35.92 36.21 48.7M
AT&T Inc. T 26.28 26.85 26.20 26.72 34.1M
HP Inc. HPQ 38.49 38.86 38.34 38.39 30.2M
ExxonMobil XOM 58.96 59.45 58.79 58.94 25.7M
Comcast CMCSA 17.29 17.37 16.99 17.01 23.7M
Oracle Corp. ORCL 22.61 22.79 22.38 22.41 23.3M
Apple AAPL 242.67 243.00 238.65 239.93 21.5M
Abbott Laboratories ABT 49.29 49.78 49.07 49.48 18.7M
Verizon Communications VZ 29.19 29.70 29.10 29.47 18.3M
Wal-Mart Stores WMT 50.67 51.72 50.60 51.30 16.7M
Home Depot HD 27.55 28.08 27.10 27.78 16.6M
Gilead Sciences GILD 32.51 32.67 32.09 32.09 15.9M
Altria MO 22.60 22.86 22.37 22.79 15.7M
Schlumberger SLB 54.86 56.36 54.67 54.77 15.2M
Johnson & Johnson JNJ 58.50 58.69 57.86 58.01 14.9M
ConocoPhillips COP 53.09 53.97 53.00 53.43 14.8M
Walt Disney & Co. DIS 32.49 32.70 31.97 32.14 14.2M
Procter & Gamble PG 59.70 60.02 59.58 59.66 13.7M
Coca-Cola KO 55.15 55.94 55.15 55.66 12.2M
Bristol-Myers Squibb BMY 26.26 26.37 25.95 26.02 11.6M
Chevron CVX 74.27 74.90 73.62 73.78 11.3M
Merck MRK 34.76 34.80 34.17 34.44 11.3M
Boeing BA 62.55 62.81 60.53 60.93 9.98M
UnitedHealth Group UNH 31.20 31.42 30.86 31.04 7.51M
Visa V 69.51 70.97 69.00 70.66 6.69M
Amgen AMGN 51.70 51.70 50.91 51.06 5.94M
McDonald's MCD 72.75 73.10 72.19 72.72 5.85M
International Business Machines IBM 125.21 126.02 124.57 124.90 5.62M
Alphabet GOOGL 457.70 458.37 450.92 451.39 5.52M
Pepsico PEP 64.50 65.24 64.21 64.78 5.44M
Amazon AMZN 125.41 125.44 123.18 124.53 5.37M
Berkshire Hathaway BRK.B 76.40 77.51 76.32 76.58 5.32M
United Technologies UTX 66.33 66.57 65.39 65.66 5.29M
3M MMM 80.20 81.00 79.47 80.45 4.48M
Union Pacific UNP 72.00 72.40 70.34 71.94 4.09M
Exchange Rates of August 24, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 84.120 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.061 CAD 1 CAD = 0.943 USD
US Dollar Swiss Franc 1 USD = 1.032 CHF 1 CHF = 0.969 USD
US Dollar Chinese Yuan 1 USD = 6.798 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 106.260 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.820 GBP 1 GBP = 1.220 EUR
Euro Australian Dollar 1 EUR = 1.432 AUD 1 AUD = 0.699 EUR
Euro Canadian Dollar 1 EUR = 1.340 CAD 1 CAD = 0.746 EUR
Euro Swiss Franc 1 EUR = 1.303 CHF 1 CHF = 0.767 EUR
Euro Chinese Yuan 1 EUR = 8.579 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.771 GBP 1 GBP = 1.297 JPY
Japanese Yen Australian Dollar 1 JPY = 1.346 AUD 1 AUD = 0.743 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.260 CAD 1 CAD = 0.793 JPY
Japanese Yen Swiss Franc 1 JPY = 1.226 CHF 1 CHF = 0.816 JPY
Pound Sterling Australian Dollar 1 GBP = 1.746 AUD 1 AUD = 0.573 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.634 CAD 1 CAD = 0.612 GBP
Pound Sterling Swiss Franc 1 GBP = 1.589 CHF 1 CHF = 0.629 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.457 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.936 CAD 1 CAD = 1.068 AUD
Australian Dollar Swiss Franc 1 AUD = 0.910 CHF 1 CHF = 1.099 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.998 CNY 1 CNY = 0.167 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.972 CHF 1 CHF = 1.029 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.406 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.586 CNY 1 CNY = 0.152 CHF

See what else happened on August 24, 2010