Financial news on August 27th, 2010

Business and Financial news
$10 Million Bail for Accused New Jersey Fraudster

Eliyahu Weinstein, a New Jersey man charged with leading a $200 million Ponzi scheme that targeted fellow Orthodox Jews, was granted $10 million bail Thursday by an American judge. Read more..

By DEALBOOK - The New York Times

A Family Brand With Big Dreams for Its Soy Milk

A campaign from the small, family-owned company 8th Continent is aimed at mothers and plays up the company’s roots. Read more..

By STUART ELLIOTT - The New York Times

Bain Said to Buy Air Medical

Bain Capital, the private equity firm, has reached a deal to buy Air Medical Group Holdings, the largest independent U.S. provider of emergency air medical services, for around $1 billion, a source familiar with the matter told Reuters on Thursday. Read more..

By DEALBOOK - The New York Times

Blockbuster Plans Bankruptcy Filing Next Month, Report Says

Blockbuster, the movie rental chain, is said to be readying a bankruptcy filing for mid-September, The Los Angeles Times reported. Read more..

By DEALBOOK - The New York Times

F.A.A. Proposes Record $24 Million Fine Against American Airlines

The record penalty is over maintenance lapses that caused thousands of canceled flights in 2008. Read more..

By JAD MOUAWAD - The New York Times

Foreclosures Fall, but Early Delinquencies Rise

Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest. Read more..

By DAVID STREITFELD - The New York Times

Icahn Dials Up More Motorola Shares

Carl C. Icahn this week bought deeper into Motorola, lifting his holdings to about 10.6 percent, according to an S.E.C. filing. Read more..

By DEALBOOK - The New York Times

I.R.S. to Drop Suit Against UBS Over Tax Havens

The Swiss government said it was prepared to provide the remainder of documents sought involving American clients suspected of using the bank’s accounts to evade taxes. Read more..

By LYNNLEY BROWNING - The New York Times

State Street Said to Eye Bank of Ireland Asset Unit

State Street is in talks to acquire Bank of Ireland’s asset-management business. Read more..

By DEALBOOK - The New York Times

Things Pieced Together

Dig those stacked phrases. Read more..

By PATRICK MERRELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20,8420,9420,3620,8162.1M
General ElectricGE14,6114,7614,3714,7146.5M
Wells Fargo & Co.WFC23,6424,0023,4724,0045.1M
JPMorgan ChaseJPM35,8736,6935,5536,6038.4M
HP Inc.HPQ38,3038,5537,3238,0037.2M
Oracle Corp.ORCL22,3822,5521,9522,5121.4M
AT&T Inc.T26,7327,0026,6126,9421.2M
Gilead SciencesGILD32,2132,5831,8032,5214.7M
Home DepotHD28,5228,8428,2628,7412.8M
Verizon CommunicationsVZ29,6229,9329,5029,8412.7M
Wal-Mart StoresWMT51,0251,2550,7251,0011.9M
Johnson & JohnsonJNJ57,4557,8856,9957,6011.7M
Walt Disney & Co.DIS32,1332,8531,5832,7811.1M
Procter & GamblePG59,7159,9259,2559,8010.3M
Abbott LaboratoriesABT49,5649,9049,0149,849.45M
Berkshire HathawayBRK.B76,8678,7876,6778,787.29M
UnitedHealth GroupUNH31,9632,4231,4832,377.05M
Bristol-Myers SquibbBMY25,9726,2725,6626,126.4M
International Business MachinesIBM123,83124,80122,42124,736.21M
United TechnologiesUTX65,9966,6864,9966,575.07M
Union PacificUNP72,7873,8571,9073,694.51M
Exchange Rates of August 27th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85,210 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 1,051 CAD1 CAD = 0,952 USD
US DollarSwiss Franc1 USD = 1,028 CHF1 CHF = 0,973 USD
US DollarChinese Yuan1 USD = 6,799 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 108,720 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,822 GBP1 GBP = 1,217 EUR
EuroAustralian Dollar1 EUR = 1,419 AUD1 AUD = 0,705 EUR
EuroCanadian Dollar1 EUR = 1,341 CAD1 CAD = 0,746 EUR
EuroSwiss Franc1 EUR = 1,312 CHF1 CHF = 0,762 EUR
EuroChinese Yuan1 EUR = 8,676 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,756 GBP1 GBP = 1,324 JPY
Japanese YenAustralian Dollar1 JPY = 1,305 AUD1 AUD = 0,766 JPY
Japanese YenCanadian Dollar1 JPY = 1,233 CAD1 CAD = 0,811 JPY
Japanese YenSwiss Franc1 JPY = 1,206 CHF1 CHF = 0,829 JPY
Pound SterlingAustralian Dollar1 GBP = 1,727 AUD1 AUD = 0,579 GBP
Pound SterlingCanadian Dollar1 GBP = 1,632 CAD1 CAD = 0,613 GBP
Pound SterlingSwiss Franc1 GBP = 1,596 CHF1 CHF = 0,627 GBP
Pound SterlingChinese Yuan1 GBP = 10,545 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,945 CAD1 CAD = 1,059 AUD
Australian DollarSwiss Franc1 AUD = 0,923 CHF1 CHF = 1,083 AUD
Australian DollarChinese Yuan1 AUD = 6,112 CNY1 CNY = 0,164 AUD
Canadian DollarSwiss Franc1 CAD = 0,978 CHF1 CHF = 1,023 CAD
Canadian DollarChinese Yuan1 CAD = 6,469 CNY1 CNY = 0,155 CAD
Swiss FrancChinese Yuan1 CHF = 6,612 CNY1 CNY = 0,151 CHF

See what else happened on August 27th, 2010