Financial news on May 2nd, 2013
Business and Financial news
David Pogue State of the Art column notes Canon N camera is response to proliferation of cell phone cameras; says it offers features that a smartphone cannot match while it imitates connectivity and workings that are not often found in traditional point-and-shoots. Read more..
Toolkit column notes translation apps are much improved from earlier versions, as more people use them and apps become more accurate; offerings include Google Translate, Jibbigo, Vocre and ITranslate. Read more..
Official index shows growth in mainland Chinese manufacturing sector unexpectedly slowed in April as new export orders fell; data raises fresh doubts on strength of economy after disappointing first quarter; purchasing managers' index fell to 50.6 in April from an 11-month high in March of 50.9. Read more..
The Times’s Nelson D. Schwartz on whether lowering interest rates can have sustained effects on slumping markets. Read more..
General Motors and Mountain Dew both withdraw advertisements after receiving criticism that ads were racially offensive; General Motors ad included a song with lyrics that crudely referred to the Chinese and Mountain Dew’s ad involved a battered woman and a lineup with African-American men. Read more..
Comcast reports a 17.4 percent increase in net income, to $1.44 billion, in the three months that ended March 31; solid earnings are partly the result of higher cable bills for 72 percent of Comcast's subscribers; company reports $3.07 billion in operating income and $15.3 billion in revenue, increases of 11.2 percent and 2.9 percent from the same quarter a year earlier. Read more..
The recent crash of a Lion Air flight off Bali last month came as the carrier ordered 234 planes for $24 billion, its second major expansion deal in three years. Read more..
President Obama named Representative Melvin L. Watt, Democrat of North Carolina, as the overseer of Fannie Mae and Freddie Mac. Read more..
Stuart Elliott Advertising column on creators of online video content, like CBS Interactive and Univision Communications, that are following lead of television industry, seeking money from Madison Avenue in their effort to reach Spanish-speaking consumers. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||37,51||37,65||37,38||37,41||13.2M|
|Johnson & Johnson||JNJ||84,44||85,21||84,17||85,16||8.67M|
|Procter & Gamble||PG||77,39||78,28||77,14||77,76||7.29M|
|Walt Disney & Co.||DIS||63,40||63,93||63,11||63,88||5.25M|
|International Business Machines||IBM||200,12||202,43||199,75||202,39||3.95M|
Exchange Rates of May 2nd, 2013
|US Dollar||Japanese Yen||1 USD = 97,920 JPY||1 JPY = 0,010 USD|
|US Dollar||Canadian Dollar||1 USD = 1,011 CAD||1 CAD = 0,990 USD|
|US Dollar||Swiss Franc||1 USD = 0,935 CHF||1 CHF = 1,070 USD|
|US Dollar||Chinese Yuan||1 USD = 6,156 CNY||1 CNY = 0,162 USD|
|Euro||Japanese Yen||1 EUR = 127,900 JPY||1 JPY = 0,008 EUR|
|Euro||Pound Sterling||1 EUR = 0,841 GBP||1 GBP = 1,189 EUR|
|Euro||Australian Dollar||1 EUR = 1,275 AUD||1 AUD = 0,785 EUR|
|Euro||Canadian Dollar||1 EUR = 1,320 CAD||1 CAD = 0,758 EUR|
|Euro||Swiss Franc||1 EUR = 1,221 CHF||1 CHF = 0,819 EUR|
|Euro||Chinese Yuan||1 EUR = 8,045 CNY||1 CNY = 0,124 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0,657 GBP||1 GBP = 1,522 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0,996 AUD||1 AUD = 1,004 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1,032 CAD||1 CAD = 0,969 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0,955 CHF||1 CHF = 1,047 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1,516 AUD||1 AUD = 0,660 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1,569 CAD||1 CAD = 0,637 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1,452 CHF||1 CHF = 0,689 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9,566 CNY||1 CNY = 0,105 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1,036 CAD||1 CAD = 0,966 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,958 CHF||1 CHF = 1,044 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6,313 CNY||1 CNY = 0,158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0,925 CHF||1 CHF = 1,081 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6,096 CNY||1 CNY = 0,164 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6,586 CNY||1 CNY = 0,152 CHF|