Financial news on December 7th, 2011
Business and Financial news
Bank of America agrees to pay $315 million to settle claims by investors who say they were misled about mortgage securities offered by its Merrill Lynch unit. Read more..
Lehman Brothers Holdings won court approval for its reorganization plan, allowing it to end the largest bankruptcy in American history. Read more..
Dow Jones industrial average adds 52.30 points, or 0.43 percent, to 12,150.13; Standard & Poor's 500-stock index advances 1.39 points, or 0.11 percent, to 1,258.47; Nasdaq composite index loses 6.20 points, or 0.23 percent, to 2,649.56. Read more..
European Central Bank president Mario Draghi, one month since taking office, is setting his own course as he prepares for an upcoming meeting with the bank's policy council; Draghi has already presided over an interest rate cute, indicated a greater willingness to use the bank's resources to fight the European debt crisis and increased pressure on governments to remake the euro zone. Read more..
New tech toys as gift possibilities include scaled-down tablets for children, toys that talk and dance, and some creative uses for Apple devices. Read more..
New fitness devices and gadgets are highlighted that can help transform even a mundane workout, including Jawbone's Up bracelet, Fitbit's Ultra and the NikePlus SportWatch. Read more..
Outside panel appointed by Olympus to investigate its financial scandal calls corporate culture at the company corrupt in scathing report on recently departed management, but says it found no link to organized crime; report details how Olympus persuaded several banks to submit incomplete financial statements to auditors in an apparent attempt to hide failed investments during the 1990s; there is no indication the banks had any knowledge of wrongdoing. Read more..
Debate continues on decision to move 3,600 Defense Department employees into the Mark Center in Alexandria, Virginia; critics of the nearly $1 billion project to consolidate the department's offices say the Mark Center is now a terrorist target; Read more..
The technology reporters and editors of The New York Times scour the Web each day for interesting items. Today’s selection includes Intel’s push on thin laptops and a bug at Facebook that exposed some private photos. Read more..
Software programs from Nik, OnOne and Tiffen automate some of the steps that professional photographers take to enhance their shots. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.45||27.21||26.35||27.05||28.1M|
|Johnson & Johnson||JNJ||63.57||64.81||63.37||64.45||11.5M|
|Procter & Gamble||PG||64.79||65.50||64.65||65.23||11.1M|
|Walt Disney & Co.||DIS||36.71||37.33||36.46||37.10||9.54M|
|International Business Machines||IBM||191.99||194.90||191.28||194.05||5.08M|
Exchange Rates of December 7th, 2011
|US Dollar||Japanese Yen||1 USD = 77.680 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.009 CAD||1 CAD = 0.991 USD|
|US Dollar||Swiss Franc||1 USD = 0.924 CHF||1 CHF = 1.083 USD|
|US Dollar||Chinese Yuan||1 USD = 6.365 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 104.190 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.853 GBP||1 GBP = 1.172 EUR|
|Euro||Australian Dollar||1 EUR = 1.303 AUD||1 AUD = 0.768 EUR|
|Euro||Canadian Dollar||1 EUR = 1.353 CAD||1 CAD = 0.739 EUR|
|Euro||Swiss Franc||1 EUR = 1.239 CHF||1 CHF = 0.807 EUR|
|Euro||Chinese Yuan||1 EUR = 8.543 CNY||1 CNY = 0.117 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.819 GBP||1 GBP = 1.221 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.250 AUD||1 AUD = 0.800 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.299 CAD||1 CAD = 0.770 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.189 CHF||1 CHF = 0.841 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.526 AUD||1 AUD = 0.655 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.585 CAD||1 CAD = 0.631 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.451 CHF||1 CHF = 0.689 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.006 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.039 CAD||1 CAD = 0.963 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.950 CHF||1 CHF = 1.052 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.560 CNY||1 CNY = 0.152 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.915 CHF||1 CHF = 1.093 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.311 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.896 CNY||1 CNY = 0.145 CHF|