Financial news on August 26th, 2010

Business and Financial news
Eisner’s Next Role: Tribune C.E.O.?

Could the former top cat at the Mouse House become the big cheese at Tribune Co.? The Los Angeles Times reported that former Walt Disney chief executive Michael Eisner is in talks that could make him chairman of the now-bankrupt media company. Read more..

By DEALBOOK - The New York Times

Foreign Language Courses, Brushing Up or Immersion

For continuing education students, a variety of options for foreign language classes are available, including online learning. Read more..

By PHYLLIS KORKKI - The New York Times

Germany Plans Limits on Facebook Use in Hiring

As part of the draft of a law governing workplace privacy, the German government on Wednesday proposed placing restrictions on employers who want to use Facebook profiles when recruiting. Read more..

By DEALBOOK - The New York Times

Hurd’s $30 Million Farewell From H.P.

Mark V. Hurd, Hewlett-Packard’s former chief executive, has filed to sell about $30 million in company stock nearly three weeks after he was ousted. Read more..

By DEALBOOK - The New York Times

Making Career Development Pay

Treating your career development education as if it were part of a stock portfolio can help you increase the return on your investment. Read more..


New-Home Sales Declined Sharply Last Month

An unexpected 12.4 percent decline reported in July was another grim sign. Read more..

By CHRISTINE HAUSER - The New York Times

Philip Falcone’s Sky-High Bet

Roughly 40 percent of hedge fund Harbinger Capital Partners’ assets are tied up in a telecommunications venture, Reuters reports. Read more..

By DEALBOOK - The New York Times

Santander Suspends Analyst Charged by S.E.C.

Grupo Santander said Wednesday that it had suspended the bank employee charged by the Securities and Exchange Commission with trading on insider information about BHP Billiton’s $39 billion bid for Potash Corp. Read more..

By CHRIS V. NICHOLSON - The New York Times

Stanford’s Bank Said to Loan Billions Undisclosed

In a hearing over a Lloyd’s of London’s insurance policy held by jailed financier R. Allen Stanford, a witness tesitfied that Mr. Stanford’s Antigua bank made more than $3 billion in loans to Mr. Stanford and his companies without properly disclosing the loans. Read more..

By DEALBOOK - The New York Times

Top 2 Sanofi Shareholders Seen Wary on Genzyme Bid

Sanofi-Aventis’s top shareholders, L’Oreal and Total, have reservations about the drug maker’s plans to buy Genzyme and are concerned that it does not overpay, bankers said. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.6614.8114.4414.5058.3M
Cisco SystemsCSCO21.1821.3120.6920.7053.5M
Wells Fargo & Co.WFC23.7324.1023.4023.4941.2M
JPMorgan ChaseJPM36.3636.6235.6235.6331.9M
AT&T Inc.T26.9727.0026.6426.7025.9M
Oracle Corp.ORCL22.5422.7322.1922.2518.9M
HP Inc.HPQ38.5438.6538.0938.2218.3M
Gilead SciencesGILD32.9232.9331.9032.0716.5M
Verizon CommunicationsVZ29.7029.7629.4029.5013.5M
Johnson & JohnsonJNJ58.2058.2257.7857.8012.8M
Home DepotHD28.3928.5628.2728.3812.7M
Wal-Mart StoresWMT51.6251.6250.7550.9711.9M
Abbott LaboratoriesABT50.0550.0549.3749.5011.4M
Procter & GamblePG59.9159.9159.4059.5410.3M
Walt Disney & Co.DIS32.1832.4431.8831.9410.1M
UnitedHealth GroupUNH32.0432.3931.8531.859.94M
Bristol-Myers SquibbBMY26.1126.1825.7525.857.93M
International Business MachinesIBM125.78125.78122.78122.787.75M
United TechnologiesUTX65.5165.8364.9565.055.59M
Berkshire HathawayBRK.B77.1177.2176.0076.374.49M
Union PacificUNP72.6673.7072.1472.412.94M
Exchange Rates of August 26th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 84.460 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.057 CAD1 CAD = 0.946 USD
US DollarSwiss Franc1 USD = 1.024 CHF1 CHF = 0.977 USD
US DollarChinese Yuan1 USD = 6.801 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 107.390 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.819 GBP1 GBP = 1.221 EUR
EuroAustralian Dollar1 EUR = 1.435 AUD1 AUD = 0.697 EUR
EuroCanadian Dollar1 EUR = 1.344 CAD1 CAD = 0.744 EUR
EuroSwiss Franc1 EUR = 1.302 CHF1 CHF = 0.768 EUR
EuroChinese Yuan1 EUR = 8.647 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.762 GBP1 GBP = 1.312 JPY
Japanese YenAustralian Dollar1 JPY = 1.335 AUD1 AUD = 0.749 JPY
Japanese YenCanadian Dollar1 JPY = 1.251 CAD1 CAD = 0.799 JPY
Japanese YenSwiss Franc1 JPY = 1.212 CHF1 CHF = 0.825 JPY
Pound SterlingAustralian Dollar1 GBP = 1.752 AUD1 AUD = 0.571 GBP
Pound SterlingCanadian Dollar1 GBP = 1.641 CAD1 CAD = 0.609 GBP
Pound SterlingSwiss Franc1 GBP = 1.590 CHF1 CHF = 0.629 GBP
Pound SterlingChinese Yuan1 GBP = 10.547 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.937 CAD1 CAD = 1.067 AUD
Australian DollarSwiss Franc1 AUD = 0.907 CHF1 CHF = 1.102 AUD
Australian DollarChinese Yuan1 AUD = 6.023 CNY1 CNY = 0.166 AUD
Canadian DollarSwiss Franc1 CAD = 0.968 CHF1 CHF = 1.033 CAD
Canadian DollarChinese Yuan1 CAD = 6.432 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.640 CNY1 CNY = 0.151 CHF

See what else happened on August 26th, 2010