Financial news on February 05, 2014

Business and Financial news
Arthur Ortenberg, a Liz Claiborne Founder, Dies at 87

Arthur Ortenberg, who teamed up with his wife, designer Liz Claiborne, and a third partner to build a billion-dollar enterprise clothing career women in stylish but casual outfits at moderate prices, dies at age 87. Read more..

By DOUGLAS MARTIN - The New York Times

Developer From Peru Has Eye on Detroit

Peruvian developer Fernando Palazuelo’s acquisition of Packard Motor Car plant is part of the land rush occurring in Detroit, where investors are scrambling to buy vacant properties at the bottom of a historically distressed market. Read more..

By BILL VLASIC - The New York Times

Google Settles Its European Antitrust Case; Critics Remain

If approved, the deal would put an end to half a decade of wrangles with antitrust authorities across the globe. Read more..

By CLAIRE CAIN MILLER and MARK SCOTT - The New York Times

Greece Has a Budget Surplus, a Respite That Could Be Short-Lived

Greece has surplus of about 1 billion euros, or $1.35 billion; windfall masks deep problems in a fragile economy despite major spending cuts and the imposition of higher taxes. Read more..

By LIZ ALDERMAN - The New York Times

Health Law Goals Face Antitrust Hurdles

Eduardo Porter Economic Scene column notes that Idaho district judge has ruled against merger between St Luke's Health System and Saltzer Medical Group, saying that patient costs would have risen; observes that decision underlines potentially important conflict between nation's anti-monopoly laws and Affordable Care Act, which has encouraged creation of big, broad accountable care organizations. Read more..

By EDUARDO PORTER - The New York Times

Market Tries to Bounce Back After Monday’s Sell-Off

Stock market rebounds a bit, buoyed by encouraging earnings, as it tries to steady itself after its largest sell-off since June 2013. Read more..

By REUTERS - The New York Times

New Boss at Microsoft, With Gates at His Side

Microsoft names Satya Nadella as its new chief executive, who in turn announces that founder Bill Gates will shed his role as chairman and return to company as an active adviser on products and technology; shift presents opportunity to lift morale, but could also complicate matters for Nadella as he assumes the helm alongside a man who is still revered at the company. Read more..

By NICK WINGFIELD - The New York Times

Profit Drops for BP, but Still Beats Analysts’ Forecasts

British oil giant BP reports that adjusted earnings for its fourth quarter were $2.8 billion, compared with $3.8 billion in the period a year earlier; main reason for lower earnings is that BP has become a much smaller company after the Gulf of Mexico oil spill in 2010, with plans to sell more assets. Read more..

By STANLEY REED - The New York Times

Target Vows to Speed Anti-Fraud Technology

John Mulligan, Target’s chief executive, testifies at Senate hearing that company is accelerating plans to adopt EMV, European-based technology that embeds a small chip instead of a magnetic stripe on credit cards, and is hoping to have chip-reading devices in its stores by end of 2014. Read more..

By HILARY STOUT - The New York Times

Wheelies: The Ram On Edition

Chrysler executives consider opening a third factory for Ram pickup trucks; Maserati sold 15,400 vehicles in 2013. Read more..

By BENJAMIN PRESTON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 36.29 36.47 35.80 35.82 55.8M
Facebook FB 62.74 63.16 61.27 62.19 51.7M
Cisco Systems CSCO 21.69 22.07 21.58 21.98 46.3M
General Electric GE 24.46 24.64 24.32 24.52 40.3M
Pfizer PFE 30.99 31.18 30.58 30.65 37.2M
Intel INTC 23.70 23.76 23.50 23.52 32.5M
AT&T Inc. T 32.40 32.43 32.04 32.08 29.8M
General Motors GM 35.84 35.84 34.96 35.24 29.4M
Merck MRK 54.28 55.20 53.14 53.53 24.5M
Gilead Sciences GILD 81.98 82.00 76.71 78.15 23.5M
Wells Fargo & Co. WFC 44.60 44.63 44.17 44.23 22M
Verizon Communications VZ 46.73 46.90 46.31 46.69 19.7M
JPMorgan Chase JPM 55.10 55.45 54.58 55.21 19.5M
ExxonMobil XOM 90.31 90.61 89.38 89.58 16.4M
Altria MO 34.15 34.33 33.80 34.00 15.8M
Coca-Cola KO 37.49 37.72 37.38 37.61 13.7M
Bristol-Myers Squibb BMY 48.58 49.00 47.52 48.54 12.4M
Apple AAPL 506.56 515.28 506.25 512.59 11.7M
Walt Disney & Co. DIS 72.05 72.05 70.37 71.76 11.6M
Oracle Corp. ORCL 35.52 36.25 35.47 35.95 11.5M
Johnson & Johnson JNJ 86.49 87.67 86.48 87.28 10.7M
Chevron CVX 111.00 111.00 109.27 109.52 10.6M
HP Inc. HPQ 28.17 28.44 27.90 28.01 10.3M
Home Depot HD 74.73 75.55 73.96 75.26 10.1M
Procter & Gamble PG 75.94 76.80 75.67 76.45 9.73M
Boeing BA 121.00 121.94 118.77 121.40 9.69M
Comcast CMCSA 53.10 53.66 52.83 53.38 9.11M
Abbott Laboratories ABT 36.12 36.60 35.98 36.35 7.6M
United Technologies UTX 108.30 108.89 107.00 107.91 6.86M
Schlumberger SLB 87.15 87.64 86.00 86.16 6.65M
ConocoPhillips COP 63.68 63.81 62.74 63.46 6.53M
3M MMM 128.01 128.76 125.92 127.36 4.96M
McDonald's MCD 92.80 93.84 92.22 93.58 4.96M
Pepsico PEP 78.57 79.62 78.44 79.42 4.83M
Alphabet GOOGL 1143.38 1150.77 1128.02 1143.20 4.78M
Wal-Mart Stores WMT 72.27 73.16 72.27 72.87 4.77M
International Business Machines IBM 172.19 174.97 172.19 174.24 4.71M
Amazon AMZN 346.00 349.37 337.73 346.45 4.44M
UnitedHealth Group UNH 69.94 71.20 69.84 70.82 4.39M
Amgen AMGN 115.43 116.94 114.57 115.07 4.33M
Berkshire Hathaway BRK.B 108.94 109.31 108.12 108.78 4.21M
Visa V 213.24 216.74 213.12 215.61 3.38M
Union Pacific UNP 172.59 173.36 171.20 172.63 2.17M
Exchange Rates of February 05, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.450 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.108 CAD 1 CAD = 0.902 USD
US Dollar Swiss Franc 1 USD = 0.904 CHF 1 CHF = 1.107 USD
Euro Japanese Yen 1 EUR = 137.270 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.829 GBP 1 GBP = 1.206 EUR
Euro Australian Dollar 1 EUR = 1.519 AUD 1 AUD = 0.659 EUR
Euro Canadian Dollar 1 EUR = 1.499 CAD 1 CAD = 0.667 EUR
Euro Swiss Franc 1 EUR = 1.223 CHF 1 CHF = 0.818 EUR
Euro Chinese Yuan 1 EUR = 8.201 CNY 1 CNY = 0.122 EUR
Japanese Yen Pound Sterling 1 JPY = 0.604 GBP 1 GBP = 1.655 JPY
Japanese Yen Australian Dollar 1 JPY = 1.106 AUD 1 AUD = 0.904 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.092 CAD 1 CAD = 0.916 JPY
Japanese Yen Swiss Franc 1 JPY = 0.890 CHF 1 CHF = 1.123 JPY
Pound Sterling Australian Dollar 1 GBP = 1.830 AUD 1 AUD = 0.546 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.807 CAD 1 CAD = 0.553 GBP
Pound Sterling Swiss Franc 1 GBP = 1.474 CHF 1 CHF = 0.679 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.884 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.987 CAD 1 CAD = 1.013 AUD
Australian Dollar Swiss Franc 1 AUD = 0.805 CHF 1 CHF = 1.243 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.404 CNY 1 CNY = 0.185 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.815 CHF 1 CHF = 1.227 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.467 CNY 1 CNY = 0.183 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.706 CNY 1 CNY = 0.149 CHF

See what else happened on February 05, 2014