Financial news on May 01, 2013
Business and Financial news
Sirius XM Radio reports continued growth for its first quarter and announces that its interim chief executive, James E Meyer, is taking the job permanently; says revenue rose 12 percent to $897 million; net income increased 15 percent to $124 million. Read more..
Profit rose 0.9 percent to $3.43 billion, though the company sold less beer and other drinks compared with the first quarter of last year. Read more..
BP reports first-quarter profit of $4.2 billion, beating analysts' forecasts; overall net income for the period was $16.6 billion, including the sale of a 50% stake in its Russian affiliate TNK-BP, compared with $4.8 billion a year earlier. Read more..
For all China’s modern trappings, many experts say mutual wariness between the government and its citizens means the country still prefers to pay for things the old-fashioned way. Read more..
Hotels, airports and airlines are struggling to keep up with customer demand for high-quality Wi-Fi service for their increasingly powerful mobile devices; airlines are still installing Wi-Fi on many aircraft and are already confronting challenges. Read more..
The online video site said it now has four million paid subscribers, up from two million last year, even as two of its owners are weighing whether to sell the company. Read more..
Nation's newspapers report that they suffered slight declines in total circulation, but are benefiting from an increase in digital subscriptions; Wall Street Journal has the highest circulation, at 2,378,827; New York Times reports circulation of 1,865,318, a 17.6 percent rise over a year earlier. Read more..
President Obama is expected to nominate Tom Wheeler as chairman of the Federal Communications Commission; Wheeler is a lobbyist and venture capitalist who has been a prominent fund-raiser in Obama's presidential campaigns; consumer advocacy groups have raised concerns about his background investing and lobbying for cable and wireless companies. Read more..
Food and Drug Administration approves drug Procysbi to treat nephropathic cystinosis, extremely rare inherited disease that, if untreated, typically destroys the kidneys by age 10; to be sold by Raptor Pharmaceutical Corp, drug was developed with early financing from a foundation that shows the important role that determined parents can play in drug development, but also raises questions about whether society can afford to pay for drugs that treat rare illnesses. Read more..
S&P/Case Shiller index of 20 metropolitan areas shows that home prices in February rose 9.3 percent, their fastest rate in almost seven years, another sign of the housing market recovery; Conference Board says its index of consumer attitudes rose to 68.1 from a revised 61.9 the previous month. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||37.90||37.96||37.29||37.46||17.6M|
|Johnson & Johnson||JNJ||84.50||85.13||83.88||84.23||12.3M|
|Procter & Gamble||PG||76.83||77.77||76.72||76.99||8.39M|
|Walt Disney & Co.||DIS||62.88||63.50||62.80||63.21||7.47M|
|International Business Machines||IBM||201.87||202.17||199.20||199.63||4.9M|
Exchange Rates of May 01, 2013
|US Dollar||Japanese Yen||1 USD = 97.290 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.008 CAD||1 CAD = 0.992 USD|
|US Dollar||Swiss Franc||1 USD = 0.927 CHF||1 CHF = 1.079 USD|
|US Dollar||Chinese Yuan||1 USD = 6.165 CNY||1 CNY = 0.162 USD|
|Euro||Japanese Yen||1 EUR = 128.260 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.847 GBP||1 GBP = 1.180 EUR|
|Euro||Australian Dollar||1 EUR = 1.282 AUD||1 AUD = 0.780 EUR|
|Euro||Canadian Dollar||1 EUR = 1.329 CAD||1 CAD = 0.752 EUR|
|Euro||Swiss Franc||1 EUR = 1.222 CHF||1 CHF = 0.818 EUR|
|Euro||Chinese Yuan||1 EUR = 8.132 CNY||1 CNY = 0.123 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.661 GBP||1 GBP = 1.514 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.999 AUD||1 AUD = 1.001 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.036 CAD||1 CAD = 0.965 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.953 CHF||1 CHF = 1.050 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.513 AUD||1 AUD = 0.661 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.568 CAD||1 CAD = 0.638 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.442 CHF||1 CHF = 0.693 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.597 CNY||1 CNY = 0.104 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.036 CAD||1 CAD = 0.965 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.953 CHF||1 CHF = 1.050 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.338 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.919 CHF||1 CHF = 1.088 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.118 CNY||1 CNY = 0.163 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.653 CNY||1 CNY = 0.150 CHF|