Financial news on August 31, 2010
Business and Financial news
Acquisitions in the United States power industry surged more than 20-fold by value in the first eight months of the year. Advisers say expect more deals as buyers such as Blackstone Group bet electricity prices will rise with economic recovery, Bloomberg News reported. Read more..
Private equity firm Candover Investments said it will wind itself up, sealing the fate of one of the buyout industry’s highest-profile victims of the credit crunch, Reuters reported. Read more..
Tour operators said that they were confident they could reschedule flights, but many customers feared they would not get promised refunds. Read more..
Drug makers are trying to develop medicines that possess the muscle-building ability of testosterone without its side effects. Read more..
The American power producer Exelon said on Tuesday that it had agreed to buy John Deere Renewables, a wind power company, in a deal that may be worth up to $900 million. Read more..
The days of investors being able to pick up failed financial institutions on the cheap are coming to an end, despite a high number of bank failures this year, The Wall Street Journal reported. Read more..
In its effort to challenge Facebook, Google has become a social butterfly. The latest proof of that is Google’s acquisition of SocialDeck, a maker of social games for mobile phones, VentureBeat reported. Read more..
Hewlett-Packard has agreed to pay $55 million to settle kickback allegations related to federal government contracts, the U.S. Justice Department said on Monday. Read more..
Saks shares surged on a British newspaper report of a possible buyout offer. Read more..
Republicans and President Obama are open to tax cuts. The question is what kind can put people back to work. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||23.18||23.68||23.03||23.55||35.7M|
|Johnson & Johnson||JNJ||57.25||57.44||57.00||57.02||14.6M|
|Procter & Gamble||PG||59.31||59.75||59.25||59.67||12.6M|
|Walt Disney & Co.||DIS||32.20||32.83||31.91||32.54||12.5M|
|International Business Machines||IBM||123.31||123.99||122.28||123.13||5.62M|
Exchange Rates of August 31, 2010
|US Dollar||Japanese Yen||1 USD = 84.170 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 1.065 CAD||1 CAD = 0.939 USD|
|US Dollar||Swiss Franc||1 USD = 1.014 CHF||1 CHF = 0.986 USD|
|US Dollar||Chinese Yuan||1 USD = 6.808 CNY||1 CNY = 0.147 USD|
|Euro||Japanese Yen||1 EUR = 106.800 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.826 GBP||1 GBP = 1.210 EUR|
|Euro||Australian Dollar||1 EUR = 1.421 AUD||1 AUD = 0.704 EUR|
|Euro||Canadian Dollar||1 EUR = 1.351 CAD||1 CAD = 0.740 EUR|
|Euro||Swiss Franc||1 EUR = 1.287 CHF||1 CHF = 0.777 EUR|
|Euro||Chinese Yuan||1 EUR = 8.636 CNY||1 CNY = 0.116 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.774 GBP||1 GBP = 1.293 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.330 AUD||1 AUD = 0.752 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.264 CAD||1 CAD = 0.791 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.205 CHF||1 CHF = 0.830 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.720 AUD||1 AUD = 0.581 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.634 CAD||1 CAD = 0.612 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.557 CHF||1 CHF = 0.642 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.441 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.950 CAD||1 CAD = 1.053 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.905 CHF||1 CHF = 1.105 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.074 CNY||1 CNY = 0.165 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.952 CHF||1 CHF = 1.050 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.394 CNY||1 CNY = 0.156 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.709 CNY||1 CNY = 0.149 CHF|