Financial news on August 30th, 2011

Business and Financial news
A Stigma Lifts for Luxury Hotels

Business travelers and corporate event planners say they are trying to define the limits of acceptable luxury. Read more..

By MARTHA C. WHITE - The New York Times

China Holds Card in Bolstering Global Economy

If the central bank let the renminbi rise faster, it would signal that Beijing is confident in the country’s economic strength and that it is committed to curbing its reliance on exports. Read more..

By EMILY KAISER | REUTERS - International Herald Tribune

Exxon Reaches Arctic Oil Deal With Russians

Exxon Mobil struck an agreement to explore for oil in a Russian sector of the Arctic Ocean that is opening for drilling in a deal that could grow to $500 billion over time. Read more..

By ANDREW E. KRAMER - The New York Times

He’s Not an Immortal Time-Traveler, but He Plays One on TV

John Barrowman does not enjoy flying, but on flights people expect him act like Capt. Jack Harkness, the daring character he plays on the TV show “Torchwood.” Read more..

By JOHN BARROWMAN - The New York Times

Hurricane News, Mostly Uninterrupted by Ads

As coverage of Irene went round the clock, media companies gave up millions of dollars from commercials and print ads. Read more..

By STUART ELLIOTT - The New York Times

I.R.S. Loses Tax Case Against Lay of Enron

The estate of the late former Enron chief, as well as his wife, do not owe taxes on annuities sold to Enron in 2001, a tax court judge has ruled. Read more..

By BLOOMBERG NEWS - The New York Times

Long Road Back for Greek Banks

The long-awaited consolidation of Greek banks started with a bang. Read more..

By GEORGE HAY and ROB CYRAN - The New York Times

New Worries in Europe Over Pace of Growth

A forecast by Jean-Claude Trichet, the head of Europe’s central bank, indicated that it might not be as willing to raise interest rates. Read more..

By JAMES KANTER - The New York Times

U.A.W. Urges Automakers to Raise Entry-Level Pay in New Labor Deal

The automobile union wants to increase pay for second-tier workers, whose wages are roughly half that of full-paid workers. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

U.S. Market Indexes Up Sharply

The Standard & Poor’s 500-stock index rose 2.8 percent, and the Dow industrials and Nasdaq also recorded strong gains as big Greek bank merger and a rebound in American consumer spending gave investors new confidence. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO15.6715.7815.3915.6351M
General ElectricGE15.9516.2415.7516.1248.6M
Oracle Corp.ORCL27.8128.0427.4627.8729.9M
JPMorgan ChaseJPM37.4037.7236.7537.0628.8M
Wells Fargo & Co.WFC25.2425.6125.0025.4028.1M
HP Inc.HPQ25.9826.1925.7226.0523.4M
AT&T Inc.T29.3129.8029.2429.6222.6M
Home DepotHD33.7333.8333.3033.5716.1M
Bristol-Myers SquibbBMY29.1329.3028.7729.1216.1M
Abbott LaboratoriesABT51.0551.8750.5651.7415M
Walt Disney & Co.DIS33.1233.8732.8233.5814.1M
Wal-Mart StoresWMT52.8653.1352.4152.8213.5M
Verizon CommunicationsVZ36.2436.4936.0736.3113.1M
Johnson & JohnsonJNJ65.8266.0465.1965.7711.2M
Procter & GamblePG63.0963.8962.8963.509.18M
General MotorsGM23.4623.7423.0523.588.14M
UnitedHealth GroupUNH46.5447.6146.2047.286M
Berkshire HathawayBRK.B72.1673.0471.8172.265.76M
Gilead SciencesGILD39.7040.2639.4640.105.55M
United TechnologiesUTX73.7974.3373.3273.765.52M
International Business MachinesIBM172.06173.51170.88172.514.48M
Union PacificUNP90.6193.4790.2592.753.71M
Exchange Rates of August 30th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.730 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.979 CAD1 CAD = 1.022 USD
US DollarSwiss Franc1 USD = 0.820 CHF1 CHF = 1.220 USD
US DollarChinese Yuan1 USD = 6.381 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 110.770 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.886 GBP1 GBP = 1.129 EUR
EuroAustralian Dollar1 EUR = 1.352 AUD1 AUD = 0.739 EUR
EuroCanadian Dollar1 EUR = 1.413 CAD1 CAD = 0.708 EUR
EuroSwiss Franc1 EUR = 1.184 CHF1 CHF = 0.845 EUR
EuroChinese Yuan1 EUR = 9.215 CNY1 CNY = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.799 GBP1 GBP = 1.252 JPY
Japanese YenAustralian Dollar1 JPY = 1.220 AUD1 AUD = 0.820 JPY
Japanese YenCanadian Dollar1 JPY = 1.275 CAD1 CAD = 0.784 JPY
Japanese YenSwiss Franc1 JPY = 1.068 CHF1 CHF = 0.936 JPY
Pound SterlingAustralian Dollar1 GBP = 1.527 AUD1 AUD = 0.655 GBP
Pound SterlingCanadian Dollar1 GBP = 1.595 CAD1 CAD = 0.627 GBP
Pound SterlingSwiss Franc1 GBP = 1.337 CHF1 CHF = 0.748 GBP
Pound SterlingChinese Yuan1 GBP = 10.403 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 1.045 CAD1 CAD = 0.957 AUD
Australian DollarSwiss Franc1 AUD = 0.875 CHF1 CHF = 1.143 AUD
Australian DollarChinese Yuan1 AUD = 6.811 CNY1 CNY = 0.147 AUD
Canadian DollarSwiss Franc1 CAD = 0.837 CHF1 CHF = 1.194 CAD
Canadian DollarChinese Yuan1 CAD = 6.519 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 7.779 CNY1 CNY = 0.129 CHF

See what else happened on August 30th, 2011