Financial news on August 24th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14,7414,7514,4114,5789.7M
Cisco SystemsCSCO21,4321,4521,1021,1374.2M
Wells Fargo & Co.WFC23,9624,0523,5423,6455.7M
JPMorgan ChaseJPM36,5936,7035,9236,2148.7M
AT&T Inc.T26,2826,8526,2026,7234.1M
HP Inc.HPQ38,4938,8638,3438,3930.2M
Oracle Corp.ORCL22,6122,7922,3822,4123.3M
Abbott LaboratoriesABT49,2949,7849,0749,4818.7M
Verizon CommunicationsVZ29,1929,7029,1029,4718.3M
Wal-Mart StoresWMT50,6751,7250,6051,3016.7M
Home DepotHD27,5528,0827,1027,7816.6M
Gilead SciencesGILD32,5132,6732,0932,0915.9M
Johnson & JohnsonJNJ58,5058,6957,8658,0114.9M
Walt Disney & Co.DIS32,4932,7031,9732,1414.2M
Procter & GamblePG59,7060,0259,5859,6613.7M
Bristol-Myers SquibbBMY26,2626,3725,9526,0211.6M
UnitedHealth GroupUNH31,2031,4230,8631,047.51M
International Business MachinesIBM125,21126,02124,57124,905.62M
Berkshire HathawayBRK.B76,4077,5176,3276,585.32M
United TechnologiesUTX66,3366,5765,3965,665.29M
Union PacificUNP72,0072,4070,3471,944.09M
Exchange Rates of August 24th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84,120 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,061 CAD1 CAD = 0,943 USD
US DollarSwiss Franc1 USD = 1,032 CHF1 CHF = 0,969 USD
US DollarChinese Yuan1 USD = 6,798 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 106,260 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,820 GBP1 GBP = 1,220 EUR
EuroAustralian Dollar1 EUR = 1,432 AUD1 AUD = 0,699 EUR
EuroCanadian Dollar1 EUR = 1,340 CAD1 CAD = 0,746 EUR
EuroSwiss Franc1 EUR = 1,303 CHF1 CHF = 0,767 EUR
EuroChinese Yuan1 EUR = 8,579 CNY1 CNY = 0,117 EUR
Japanese YenPound Sterling1 JPY = 0,771 GBP1 GBP = 1,297 JPY
Japanese YenAustralian Dollar1 JPY = 1,346 AUD1 AUD = 0,743 JPY
Japanese YenCanadian Dollar1 JPY = 1,260 CAD1 CAD = 0,793 JPY
Japanese YenSwiss Franc1 JPY = 1,226 CHF1 CHF = 0,816 JPY
Pound SterlingAustralian Dollar1 GBP = 1,746 AUD1 AUD = 0,573 GBP
Pound SterlingCanadian Dollar1 GBP = 1,634 CAD1 CAD = 0,612 GBP
Pound SterlingSwiss Franc1 GBP = 1,589 CHF1 CHF = 0,629 GBP
Pound SterlingChinese Yuan1 GBP = 10,457 CNY1 CNY = 0,096 GBP
Australian DollarCanadian Dollar1 AUD = 0,936 CAD1 CAD = 1,068 AUD
Australian DollarSwiss Franc1 AUD = 0,910 CHF1 CHF = 1,099 AUD
Australian DollarChinese Yuan1 AUD = 5,998 CNY1 CNY = 0,167 AUD
Canadian DollarSwiss Franc1 CAD = 0,972 CHF1 CHF = 1,029 CAD
Canadian DollarChinese Yuan1 CAD = 6,406 CNY1 CNY = 0,156 CAD
Swiss FrancChinese Yuan1 CHF = 6,586 CNY1 CNY = 0,152 CHF

See what else happened on August 24th, 2010