Financial news on August 25th, 2010
Business and Financial news
The Blackstone Group asked a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before the private equity firm raised $4.7 billion in its initial public offering in 2007. Read more..
Senator Max Baucus, senior Democrat of Montana, said investor and philanthropist Warren Buffett is scheduled to participate in the Montana Economic Development Summit in Butte next month live via video Read more..
State-run Oil and Natural Gas Corp is divided over making a counterbid for Cairn India, which is the target of a $9.6 billion takeover offer by Vedanta, The Business Standard reported on Wednesday. Read more..
Y Combinator recently held its Demo Day, where the current class of startups gave demonstrations to investors and journalists. VentureBeat selected five companies from among the 36 startups in the current class that deserve a closer look. Read more..
The German government proposed new restrictions on employers’ use of Facebook profiles when recruiting. Read more..
Standard & Poor’s has downgraded the sovereign debt of Ireland with a negative outlook, citing the unexpectedly high costs of supporting the country’s banks — a move that could make it more expensive for Dublin to borrow. Read more..
The jailed Texas financier R. Allen Stanford and three of his former executives have racked up millions of dollars in legal fees which have thus far been covered by an insurance policy. But Lloyd’s of London is trying to turn off the financial spigot by having the policy voided. Read more..
A worse-than-expected report on existing homes sales was the latest indicator to cause concern. Read more..
Richard S. Fuld, the former Lehman Brothers chief executive, has been busy working for a strategic advisory firm, Matrix Advisors, reports Fortune. Read more..
As the number of Asian buyers and lessees in New York has grown, commercial real estate brokers are quickly learning just how pervasive feng shui can be. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||23.41||23.65||23.02||23.60||55.6M|
|Walt Disney & Co.||DIS||31.87||32.24||31.55||32.11||14.1M|
|Johnson & Johnson||JNJ||58.00||58.20||57.84||57.98||11.7M|
|Procter & Gamble||PG||59.79||59.90||59.40||59.67||10.4M|
|International Business Machines||IBM||124.57||125.60||124.00||125.27||5.24M|
Exchange Rates of August 25th, 2010
|US Dollar||Japanese Yen||1 USD = 84.590 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.059 CAD||1 CAD = 0.944 USD|
|US Dollar||Swiss Franc||1 USD = 1.030 CHF||1 CHF = 0.971 USD|
|US Dollar||Chinese Yuan||1 USD = 6.801 CNY||1 CNY = 0.147 USD|
|Euro||Japanese Yen||1 EUR = 107.120 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.818 GBP||1 GBP = 1.222 EUR|
|Euro||Australian Dollar||1 EUR = 1.430 AUD||1 AUD = 0.699 EUR|
|Euro||Canadian Dollar||1 EUR = 1.342 CAD||1 CAD = 0.745 EUR|
|Euro||Swiss Franc||1 EUR = 1.304 CHF||1 CHF = 0.767 EUR|
|Euro||Chinese Yuan||1 EUR = 8.609 CNY||1 CNY = 0.116 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.764 GBP||1 GBP = 1.310 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.335 AUD||1 AUD = 0.749 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.252 CAD||1 CAD = 0.799 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.217 CHF||1 CHF = 0.822 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.748 AUD||1 AUD = 0.572 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.639 CAD||1 CAD = 0.610 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.594 CHF||1 CHF = 0.628 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.511 CNY||1 CNY = 0.095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.938 CAD||1 CAD = 1.067 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.911 CHF||1 CHF = 1.098 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.016 CNY||1 CNY = 0.166 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.971 CHF||1 CHF = 1.030 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.417 CNY||1 CNY = 0.156 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.599 CNY||1 CNY = 0.152 CHF|