Financial news on August 29, 2014

Business and Financial news
American Bank Earnings Rise to $40.2 Billion

Federal Deposit Insurance Corp reports that bank earnings in the United States rose to $40.2 billion in the second quarter of 2014 as institutions set aside less money for possible loan losses and cut expenses. Read more..

By REUTERS - The New York Times

Apple Appeals Judge's Decision to Deny a Ban on Samsung Products

The smartphone giants Apple and Samsung have agreed to drop patent suits against each other outside the United States, but their fight here clearly isn’t over. Read more..

By BRIAN X. CHEN - The New York Times

Elizabeth M. Fowler, Financial Reporter for The Times, Dies at 95

Elizabeth M Fowler, author and financial reporter for The New York Times, dies at age 95. Read more..

By PAUL VITELLO - The New York Times

How to Manage Google Location Tracking

Plus, writing about yourself on Wikipedia. Read more..

By J. D. BIERSDORFER - The New York Times

London Debates the Virtues of High and Low

Critics dispute claims that high-rises will ease chronic housing shortages, and say towers actually will harm city life. Read more..

By RICHARD HOLLEDGE - The New York Times

Modernity in Historic Sardinia

A local architect's projects highlight recycled wood and open spaces. Read more..

By LIZA FOREMAN - The New York Times

Morning Agenda: Playing the Tax Game

American companies are finding new ways to avoid paying taxes. | Dueling scholarship funds in China. | Detecting fraud in China may be riskier than committing it. | Consumers get some relief at the gas pump. Read more..

By SYDNEY EMBER - The New York Times

Square Feeling Squeezed From All Sides

Increasing competition and the need to diversify into other businesses are putting pressure on Square, Robert Cyran writes for Reuters Breakingviews. Read more..

By ROBERT CYRAN - The New York Times

Will Germany Let Europe Save Itself?

With the German economy weakening because of the economic pain elsewhere on the Continent, Berlin may not be able to sustain its austerity mantra. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE26,0326,0925,9025,9821.9M
Cisco SystemsCSCO24,9024,9924,7624,9918M
AT&T Inc.T34,7334,9634,6234,9612.7M
Gilead SciencesGILD107,90108,24106,78107,5611.3M
Verizon CommunicationsVZ49,4349,8249,4049,8211.3M
Oracle Corp.ORCL41,2441,7341,2441,538.97M
JPMorgan ChaseJPM59,3459,6559,2359,458.9M
Wells Fargo & Co.WFC51,2751,4751,1851,448.86M
Home DepotHD92,7493,5292,6193,507.67M
HP Inc.HPQ38,0338,1837,8238,006.21M
General MotorsGM34,7434,8534,6134,805.55M
Johnson & JohnsonJNJ103,10103,76103,01103,735.29M
Wal-Mart StoresWMT75,7575,8875,2975,505.04M
Procter & GamblePG83,0983,1382,6083,114.9M
United TechnologiesUTX109,11109,35107,71107,984.72M
Abbott LaboratoriesABT42,4142,4142,0642,244.38M
Walt Disney & Co.DIS90,3290,3889,3389,884.17M
Bristol-Myers SquibbBMY50,6750,6850,3050,654.02M
UnitedHealth GroupUNH86,7587,2386,3586,683.3M
International Business MachinesIBM192,28192,75191,14192,302.91M
Berkshire HathawayBRK.B136,18137,25136,01137,252.9M
Union PacificUNP105,03105,36104,56105,271.94M
Exchange Rates of August 29, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104,070 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,088 CAD1 CAD = 0,919 USD
US DollarSwiss Franc1 USD = 0,918 CHF1 CHF = 1,089 USD
US DollarChinese Yuan1 USD = 6,143 CNY1 CNY = 0,163 USD
EuroJapanese Yen1 EUR = 136,670 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,791 GBP1 GBP = 1,264 EUR
EuroAustralian Dollar1 EUR = 1,405 AUD1 AUD = 0,712 EUR
EuroCanadian Dollar1 EUR = 1,429 CAD1 CAD = 0,700 EUR
EuroSwiss Franc1 EUR = 1,206 CHF1 CHF = 0,829 EUR
EuroChinese Yuan1 EUR = 8,067 CNY1 CNY = 0,124 EUR
Japanese YenPound Sterling1 JPY = 0,579 GBP1 GBP = 1,729 JPY
Japanese YenAustralian Dollar1 JPY = 1,028 AUD1 AUD = 0,973 JPY
Japanese YenCanadian Dollar1 JPY = 1,045 CAD1 CAD = 0,957 JPY
Japanese YenSwiss Franc1 JPY = 0,882 CHF1 CHF = 1,134 JPY
Pound SterlingAustralian Dollar1 GBP = 1,777 AUD1 AUD = 0,563 GBP
Pound SterlingCanadian Dollar1 GBP = 1,806 CAD1 CAD = 0,554 GBP
Pound SterlingSwiss Franc1 GBP = 1,524 CHF1 CHF = 0,656 GBP
Pound SterlingChinese Yuan1 GBP = 10,196 CNY1 CNY = 0,098 GBP
Australian DollarCanadian Dollar1 AUD = 1,015 CAD1 CAD = 0,985 AUD
Australian DollarSwiss Franc1 AUD = 0,857 CHF1 CHF = 1,167 AUD
Australian DollarChinese Yuan1 AUD = 5,737 CNY1 CNY = 0,174 AUD
Canadian DollarSwiss Franc1 CAD = 0,843 CHF1 CHF = 1,186 CAD
Canadian DollarChinese Yuan1 CAD = 5,646 CNY1 CNY = 0,177 CAD
Swiss FrancChinese Yuan1 CHF = 6,687 CNY1 CNY = 0,150 CHF

See what else happened on August 29, 2014