Financial news on August 27, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.23 18.52 17.81 18.37 135M
Cisco Systems CSCO 20.84 20.94 20.36 20.81 62.1M
Microsoft MSFT 23.88 24.02 23.51 23.93 60.9M
General Electric GE 14.61 14.76 14.37 14.71 46.5M
Wells Fargo & Co. WFC 23.64 24.00 23.47 24.00 45.1M
JPMorgan Chase JPM 35.87 36.69 35.55 36.60 38.4M
HP Inc. HPQ 38.30 38.55 37.32 38.00 37.2M
ExxonMobil XOM 58.72 59.96 58.05 59.80 28.3M
Oracle Corp. ORCL 22.38 22.55 21.95 22.51 21.4M
AT&T Inc. T 26.73 27.00 26.61 26.94 21.2M
Apple AAPL 241.75 242.61 235.56 241.62 19.6M
Comcast CMCSA 17.18 17.31 16.88 17.25 17.5M
Altria MO 22.68 22.70 22.38 22.54 15.8M
Gilead Sciences GILD 32.21 32.58 31.80 32.52 14.7M
ConocoPhillips COP 52.96 53.89 52.10 53.42 14.2M
Home Depot HD 28.52 28.84 28.26 28.74 12.8M
Verizon Communications VZ 29.62 29.93 29.50 29.84 12.7M
Schlumberger SLB 53.92 55.94 53.44 55.76 12.6M
Wal-Mart Stores WMT 51.02 51.25 50.72 51.00 11.9M
Johnson & Johnson JNJ 57.45 57.88 56.99 57.60 11.7M
Walt Disney & Co. DIS 32.13 32.85 31.58 32.78 11.1M
Procter & Gamble PG 59.71 59.92 59.25 59.80 10.3M
Coca-Cola KO 55.44 56.20 55.03 56.16 9.83M
Merck MRK 34.63 35.11 34.32 35.00 9.55M
Abbott Laboratories ABT 49.56 49.90 49.01 49.84 9.45M
Chevron CVX 73.89 75.04 72.93 74.93 8.79M
Pfizer PFE 15.99 16.12 15.78 16.09 7.37M
Berkshire Hathaway BRK.B 76.86 78.78 76.67 78.78 7.29M
Amgen AMGN 51.00 52.41 50.26 52.08 7.09M
UnitedHealth Group UNH 31.96 32.42 31.48 32.37 7.05M
Boeing BA 61.13 63.34 60.57 63.16 6.85M
McDonald's MCD 73.47 74.07 72.86 73.99 6.59M
Bristol-Myers Squibb BMY 25.97 26.27 25.66 26.12 6.4M
International Business Machines IBM 123.83 124.80 122.42 124.73 6.21M
Pepsico PEP 64.20 64.47 63.38 64.12 5.23M
Amazon AMZN 125.46 126.64 122.25 126.64 5.08M
United Technologies UTX 65.99 66.68 64.99 66.57 5.07M
Alphabet GOOGL 452.56 459.99 447.65 458.83 4.62M
Union Pacific UNP 72.78 73.85 71.90 73.69 4.51M
Visa V 70.39 71.13 69.60 71.11 3.91M
3M MMM 80.12 81.09 79.20 81.00 3.45M
Exchange Rates of August 27, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.210 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.051 CAD 1 CAD = 0.952 USD
US Dollar Swiss Franc 1 USD = 1.028 CHF 1 CHF = 0.973 USD
US Dollar Chinese Yuan 1 USD = 6.799 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 108.720 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.822 GBP 1 GBP = 1.217 EUR
Euro Australian Dollar 1 EUR = 1.419 AUD 1 AUD = 0.705 EUR
Euro Canadian Dollar 1 EUR = 1.341 CAD 1 CAD = 0.746 EUR
Euro Swiss Franc 1 EUR = 1.312 CHF 1 CHF = 0.762 EUR
Euro Chinese Yuan 1 EUR = 8.676 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.756 GBP 1 GBP = 1.324 JPY
Japanese Yen Australian Dollar 1 JPY = 1.305 AUD 1 AUD = 0.766 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.233 CAD 1 CAD = 0.811 JPY
Japanese Yen Swiss Franc 1 JPY = 1.206 CHF 1 CHF = 0.829 JPY
Pound Sterling Australian Dollar 1 GBP = 1.727 AUD 1 AUD = 0.579 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.632 CAD 1 CAD = 0.613 GBP
Pound Sterling Swiss Franc 1 GBP = 1.596 CHF 1 CHF = 0.627 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.545 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.945 CAD 1 CAD = 1.059 AUD
Australian Dollar Swiss Franc 1 AUD = 0.923 CHF 1 CHF = 1.083 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.112 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.978 CHF 1 CHF = 1.023 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.469 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.612 CNY 1 CNY = 0.151 CHF

See what else happened on August 27, 2010