Financial news on January 07, 2016

Business and Financial news
6 Tips for Investors When the Stock Market Tumbles

The impulse when the stock market falls hard for a few days in a row is to do something but it probably doesn’t make much sense to overhaul an investment strategy based on a blip of market activity. Read more..

By RON LIEBER - The New York Times

A Bright Idea Among Wall Street’s European Pay Disclosures

JPMorgan Chase’s policy of canceling bonuses if a group’s long-term returns aren’t met could make pay more defensible. Read more..

By DOMINIC ELLIOTT - The New York Times

At CES, Netflix Adds Over 130 Countries to Streaming Service

Netflix goes live with its streaming television service in 130 more countries, for total of 190 worldwide, in line with its aggressive expansion; one major exception is China, which boasts 25 percent of world's broadband households. Read more..

By EMILY STEEL - The New York Times

At Morgan Stanley, a Promotion and a Departure in the Top Executive Ranks

Executive shuffle at Morgan Stanley results in departure of Gregory J Fleming; chief executive James P Gorman names Colm Kelleher to number two position at firm. Read more..

By NATHANIEL POPPER - The New York Times

Edit Tweets? Users Debate a Missing Twitter Feature

Amid the uproar over a plan for 10,000-character tweets, users press for the ability to fix their typos. Read more..

By KATIE ROGERS - The New York Times

Fed Minutes Show Some Concern on Economic Outlook

Minutes of Federal Reserve's December meeting indicate worries about vigor of economic recovery could slow advance toward higher interest rates; differences in timing and frequency of rate increases exist. Read more..


Private Capital Fund-Raising Goal Rises to a Record $946 Billion

Another year of growth is expected in investments in private equity, debt, real estate, infrastructure and natural resources funds. Read more..

By LIZ MOYER - The New York Times

Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy

Hedge fund Starboard Value, which has long scored Yahoo's management, calls for changes to board and leadership to accompany strategy shift; says otherwise it may attempt to run its own slate of directors. Read more..

By MICHAEL J. de la MERCED - The New York Times

Taxpayer Advocate Warns of ‘Pay to Play’ I.R.S. System

Internal Revenue Service plans to rely more on technology and tax preparers, but only taxpayers who pay for personalized service will receive it. Read more..

By PATRICIA COHEN - The New York Times

United Airlines Chief, Oscar Munoz, Has Heart Transplant

United Airlines says president and chief executive Oscar Munoz had heart transplant surgery. Read more..

By JAD MOUAWAD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE29.6529.9628.8528.9792.2M
Cisco SystemsCSCO25.4925.7425.1225.4143.2M
AT&T Inc.T33.6234.1033.5133.5135.1M
Wells Fargo & Co.WFC51.0151.1950.1550.4030.4M
JPMorgan ChaseJPM61.4662.0060.0860.2727.6M
Wal-Mart StoresWMT62.9765.2362.9265.0326.4M
HP Inc.HPQ11.0511.0510.7210.7725.5M
Oracle Corp.ORCL35.2535.6834.8835.0422.6M
General MotorsGM30.2630.8229.8329.9921M
Verizon CommunicationsVZ45.1245.6745.0045.2719.3M
Walt Disney & Co.DIS98.96101.3598.5299.5014.7M
Gilead SciencesGILD98.0699.0096.0396.2512.9M
Home DepotHD126.93127.88124.70125.4012.5M
Procter & GamblePG76.8577.6076.0777.1812M
Johnson & JohnsonJNJ99.31100.0998.8899.229.43M
Union PacificUNP73.3974.1972.4273.089.08M
Bristol-Myers SquibbBMY65.8566.6964.9565.298.44M
Berkshire HathawayBRK.B129.25130.54129.00129.487.38M
Abbott LaboratoriesABT41.6842.1841.4041.547.15M
International Business MachinesIBM133.70135.02132.43132.867.02M
United TechnologiesUTX91.4793.3591.4391.906.98M
UnitedHealth GroupUNH113.63114.09111.42112.095.28M
Exchange Rates of January 07, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.915 EUR1 EUR = 1.093 USD
US DollarJapanese Yen1 USD = 117.593 JPY1 JPY = 0.009 USD
US DollarPound Sterling1 USD = 0.684 GBP1 GBP = 1.463 USD
US DollarAustralian Dollar1 USD = 1.425 AUD1 AUD = 0.702 USD
US DollarCanadian Dollar1 USD = 1.412 CAD1 CAD = 0.708 USD
US DollarSwiss Franc1 USD = 0.994 CHF1 CHF = 1.006 USD
US DollarChinese Yuan1 USD = 6.600 CNY1 CNY = 0.152 USD
US DollarMexican Peso1 USD = 17.818 MXN1 MXN = 0.056 USD
US DollarSwidish Krona1 USD = 8.470 SEK1 SEK = 0.118 USD
EuroJapanese Yen1 EUR = 128.440 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.747 GBP1 GBP = 1.339 EUR
EuroAustralian Dollar1 EUR = 1.556 AUD1 AUD = 0.643 EUR
EuroCanadian Dollar1 EUR = 1.542 CAD1 CAD = 0.648 EUR
EuroSwiss Franc1 EUR = 1.086 CHF1 CHF = 0.921 EUR
EuroChinese Yuan1 EUR = 7.198 CNY1 CNY = 0.139 EUR
EuroMexican Peso1 EUR = 19.462 MXN1 MXN = 0.051 EUR
EuroSwidish Krona1 EUR = 9.249 SEK1 SEK = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.006 GBP1 GBP = 172.414 JPY
Japanese YenAustralian Dollar1 JPY = 0.012 AUD1 AUD = 82.645 JPY
Japanese YenCanadian Dollar1 JPY = 0.012 CAD1 CAD = 83.333 JPY
Japanese YenSwiss Franc1 JPY = 0.008 CHF1 CHF = 119.048 JPY
Japanese YenChinese Yuan1 JPY = 0.056 CNY1 CNY = 17.857 JPY
Japanese YenMexican Peso1 JPY = 0.152 MXN1 MXN = 6.601 JPY
Japanese YenSwidish Krona1 JPY = 0.072 SEK1 SEK = 13.889 JPY
Pound SterlingAustralian Dollar1 GBP = 2.084 AUD1 AUD = 0.480 GBP
Pound SterlingCanadian Dollar1 GBP = 2.065 CAD1 CAD = 0.484 GBP
Pound SterlingSwiss Franc1 GBP = 1.454 CHF1 CHF = 0.688 GBP
Pound SterlingChinese Yuan1 GBP = 9.639 CNY1 CNY = 0.104 GBP
Pound SterlingMexican Peso1 GBP = 26.072 MXN1 MXN = 0.038 GBP
Pound SterlingSwidish Krona1 GBP = 12.386 SEK1 SEK = 0.081 GBP
Australian DollarCanadian Dollar1 AUD = 0.991 CAD1 CAD = 1.009 AUD
Australian DollarSwiss Franc1 AUD = 0.697 CHF1 CHF = 1.434 AUD
Australian DollarChinese Yuan1 AUD = 4.624 CNY1 CNY = 0.216 AUD
Australian DollarMexican Peso1 AUD = 12.512 MXN1 MXN = 0.080 AUD
Australian DollarSwidish Krona1 AUD = 5.941 SEK1 SEK = 0.168 AUD
Canadian DollarSwiss Franc1 CAD = 0.704 CHF1 CHF = 1.421 CAD
Canadian DollarChinese Yuan1 CAD = 4.669 CNY1 CNY = 0.214 CAD
Canadian DollarMexican Peso1 CAD = 12.631 MXN1 MXN = 0.079 CAD
Canadian DollarSwidish Krona1 CAD = 5.996 SEK1 SEK = 0.167 CAD
Swiss FrancChinese Yuan1 CHF = 6.628 CNY1 CNY = 0.151 CHF
Swiss FrancMexican Peso1 CHF = 17.933 MXN1 MXN = 0.056 CHF
Swiss FrancSwidish Krona1 CHF = 8.515 SEK1 SEK = 0.117 CHF
Chinese YuanSwidish Krona1 CNY = 1.289 SEK1 SEK = 0.776 CNY

See what else happened on January 07, 2016