Financial news on August 26, 2009

Business and Financial news
Apple’s Sleek Upgrade

A “smaller, faster and more refined” operating system for Mac. Read more..

By DAVID POGUE - The New York Times

Bernanke’s Opportunity to Regain Some Luster

The Fed chief made one big mistake in his first term, but a compensating success is still possible. Read more..

By EDWARD HADAS and PIERRE BRIANÇON - The New York Times

Downturn Dims Prospects Even at Top Law Schools

Law students deep in debt from elite schools would often count on being hired by big-name firms, but those opportunities are drying up, and competition is growing. Read more..

By GERRY SHIH - The New York Times

Index Shows an Improvement in Home Prices

Standard & Poor’s Case-Shiller index showed that home prices in 18 of the 20 major cities it studied increased in June. Read more..

By DAVID STREITFELD - The New York Times

Inland Real Estate Dives Into Troubled Commercial Market

While other investors wait on the sidelines, Inland Real Estate has put $1 billion into commercial property acquisitions so far this year. Read more..

By SUSAN DIESENHOUSE - The New York Times

Political Risks for German Chancellor as G.M. Wavers on Deal for Opel

General Motors is having second thoughts about the sale, as Chancellor Angela Merkel campaigns for re-election in Germany, where retaining jobs is a major issue. Read more..

By JUDY DEMPSEY and MICHELINE MAYNARD - The New York Times

Real Choice? It’s Off Limits in Health Bills

In our current system, medical costs are hidden to many, making radical insurance change seem risky to many. Read more..

By DAVID LEONHARDT - The New York Times

Scrutiny for S.E.C. on Merrill Bonuses

The judge has refused to sign off on Bank of America’s $33 million settlement with the Securities and Exchange Commission. Read more..

By LOUISE STORY - The New York Times

Shares Manage Gains on the Day

Initially, investors took in a series of announcements and then found a reason to push higher. But as the day continued, the enthusiasm faded. Read more..

By JACK HEALY - The New York Times

Staples Posts a 38% Profit Decline

Sales at the office supplier rose 9 percent, and the chairman said, “We are feeling like the economy is coming back a bit.” Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.2414.3014.0114.1166.6M
IntelINTC19.2119.4919.1319.4361.6M
Wells Fargo & Co.WFC27.1427.7227.0227.6243.3M
MicrosoftMSFT24.5924.7524.4224.5541.1M
PfizerPFE16.7916.8816.6416.7736.5M
Cisco SystemsCSCO21.9122.0021.8121.9333.6M
JPMorgan ChaseJPM43.3943.7842.9243.3031.9M
AT&T Inc.T26.2926.7226.2026.5126.7M
ComcastCMCSA15.2015.3515.0615.1423.9M
ConocoPhillipsCOP44.6645.7644.5045.5920.4M
Oracle Corp.ORCL22.1722.2622.0022.2018.8M
ExxonMobilXOM70.0571.4769.9071.3718.8M
Home DepotHD27.2827.9427.2227.5715.6M
Wal-Mart StoresWMT51.7452.2451.5651.8014.3M
HP Inc.HPQ44.5844.7544.1044.4814.3M
Abbott LaboratoriesABT45.8246.3945.7546.0713.8M
AltriaMO18.0918.2118.0518.1713.5M
Verizon CommunicationsVZ31.2131.7931.2131.4813.3M
Bristol-Myers SquibbBMY22.9423.2822.8322.9112.5M
Johnson & JohnsonJNJ61.2661.3560.5160.6310.9M
AppleAAPL168.92169.55166.76167.4110.9M
Walt Disney & Co.DIS26.7227.2026.5927.0010.6M
UnitedHealth GroupUNH29.8329.8428.8128.9310.1M
MerckMRK32.8232.9832.4732.689.96M
Procter & GamblePG53.4153.8053.2853.369.38M
McDonald'sMCD56.4757.2256.3057.008.25M
SchlumbergerSLB55.6156.7655.4356.587.97M
PepsicoPEP57.3558.1957.1357.887.4M
ChevronCVX70.1071.2069.7771.097.23M
Coca-ColaKO48.8249.3248.7049.186.8M
AmgenAMGN60.4561.7960.0261.246.18M
Gilead SciencesGILD46.3146.5646.0646.235.01M
VisaV68.6070.4368.4570.204.74M
3MMMM72.6972.7471.2771.424.7M
International Business MachinesIBM118.64119.85117.51119.474.52M
AlphabetGOOGL472.76473.00466.70468.003.97M
BoeingBA48.0748.3847.4447.823.96M
United TechnologiesUTX59.7059.9759.1759.773.72M
AmazonAMZN84.1084.7683.3884.003.61M
Union PacificUNP60.9760.9760.9760.973.16M
Berkshire HathawayBRK.B3317.003341.003286.003298.0021.4K
Exchange Rates of August 26, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.200 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.097 CAD1 CAD = 0.911 USD
US DollarSwiss Franc1 USD = 1.068 CHF1 CHF = 0.936 USD
US DollarChinese Yuan1 USD = 6.832 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 134.150 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.877 GBP1 GBP = 1.140 EUR
EuroAustralian Dollar1 EUR = 1.721 AUD1 AUD = 0.581 EUR
EuroCanadian Dollar1 EUR = 1.563 CAD1 CAD = 0.640 EUR
EuroSwiss Franc1 EUR = 1.521 CHF1 CHF = 0.657 EUR
EuroChinese Yuan1 EUR = 9.731 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.654 GBP1 GBP = 1.530 JPY
Japanese YenAustralian Dollar1 JPY = 1.283 AUD1 AUD = 0.780 JPY
Japanese YenCanadian Dollar1 JPY = 1.164 CAD1 CAD = 0.859 JPY
Japanese YenSwiss Franc1 JPY = 1.134 CHF1 CHF = 0.882 JPY
Pound SterlingAustralian Dollar1 GBP = 1.963 AUD1 AUD = 0.510 GBP
Pound SterlingCanadian Dollar1 GBP = 1.781 CAD1 CAD = 0.561 GBP
Pound SterlingSwiss Franc1 GBP = 1.734 CHF1 CHF = 0.577 GBP
Pound SterlingChinese Yuan1 GBP = 11.075 CNY1 CNY = 0.090 GBP
Australian DollarCanadian Dollar1 AUD = 0.908 CAD1 CAD = 1.102 AUD
Australian DollarSwiss Franc1 AUD = 0.884 CHF1 CHF = 1.132 AUD
Australian DollarChinese Yuan1 AUD = 5.651 CNY1 CNY = 0.177 AUD
Canadian DollarSwiss Franc1 CAD = 0.973 CHF1 CHF = 1.028 CAD
Canadian DollarChinese Yuan1 CAD = 6.222 CNY1 CNY = 0.161 CAD
Swiss FrancChinese Yuan1 CHF = 6.393 CNY1 CNY = 0.156 CHF

See what else happened on August 26, 2009