Financial news on May 03, 2013
Business and Financial news
Movie Iron Man 3 is reported to have taken in almost $21 million on its first day of release in China, reasserting Hollywood as country's major entertainment provider. Read more..
London Chamber of Commerce and Industry publishes report finding that new European tax on financial transactions, known as 'Robin Hood' tax, would fall disproportionately on British firms; tax joins growing list of financial issues dividing Continent and British government. Read more..
The German automaker said heavy discounts in its core European market and technology costs curbed profits from rising car sales in the first quarter. Read more..
General Motors reports first-quarter net income of $865 million, 14 percent decline from year-earlier period, citing declining profits in surging North American car market; global revenue dropped 2 percent during quarter to $36.9 billion. Read more..
Despite fiscal austerity in Washington, the private sector is helping create jobs and force the overall unemployment rate in April down to its lowest level since the end of 2008. Read more..
Ultimate Poker, which is owned by Las Vegas casino company Station Casinos, becomes first online, pay-to-play gambling Web site to operate in United States; 30-day trial period will be closely watched by gambling and tech industries, who see it as test in debate about legality of online gambling. Read more..
The Vozdvyzhenka district, which took 10 years to build and includes 100 buildings, is completed. Read more..
Paramount Pictures has invested heavily in making new film Star Trek Into Darkness a success among international moviegoers, catering casting and scripting decisions to foreign markets and rolling out robust marketing campaign; Star Trek films have historically failed to achieve success abroad. Read more..
The departure of Mark King after just four months at the head of the company’s most prestigious division was a surprise. Read more..
Broad bipartisan support has emerged to overhaul United States' corporate tax system, but campaign will face stiff opposition from lobbyists; proponents would like to lower official rate from 35 percent and end taxation of multinational corporations abroad, but move would require elimination of lucrative loopholes that several industries see as their lifeblood. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||37.74||37.92||37.60||37.74||15.9M|
|Johnson & Johnson||JNJ||85.58||85.99||85.45||85.75||9.21M|
|Walt Disney & Co.||DIS||64.18||64.85||63.88||64.80||9.2M|
|Procter & Gamble||PG||78.10||78.46||77.66||78.19||7.88M|
|International Business Machines||IBM||203.94||205.32||203.75||204.51||4.49M|
Exchange Rates of May 03, 2013
|US Dollar||Japanese Yen||1 USD = 99.000 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.009 CAD||1 CAD = 0.991 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 = 129.800 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.842 GBP||1 GBP = 1.187 EUR|
|Euro||Australian Dollar||1 EUR = 1.271 AUD||1 AUD = 0.787 EUR|
|Euro||Canadian Dollar||1 EUR = 1.323 CAD||1 CAD = 0.756 EUR|
|Euro||Swiss Franc||1 EUR = 1.226 CHF||1 CHF = 0.815 EUR|
|Euro||Chinese Yuan||1 EUR = 8.079 CNY||1 CNY = 0.124 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.648 GBP||1 GBP = 1.542 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.978 AUD||1 AUD = 1.022 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.018 CAD||1 CAD = 0.983 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.945 CHF||1 CHF = 1.059 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.509 AUD||1 AUD = 0.663 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.572 CAD||1 CAD = 0.636 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.456 CHF||1 CHF = 0.687 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.591 CNY||1 CNY = 0.104 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.041 CAD||1 CAD = 0.960 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.964 CHF||1 CHF = 1.037 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.355 CNY||1 CNY = 0.157 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.925 CHF||1 CHF = 1.081 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.099 CNY||1 CNY = 0.164 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.585 CNY||1 CNY = 0.152 CHF|