Financial news on August 8th, 2012
Business and Financial news
What the Starbucks partnership with Square will mean for cash. | Ultrarich in France consider exodus over tax proposal. | Charging companies with fraud, but sparing individuals. Read more..
The church, which owned nearly $3 million in shares, said it had wanted the company to separate the jobs of chairman and chief executive, which are both held by Rupert Murdoch. Read more..
DreamWorks Animation SKG announces plans to develop a $3.1 billion cultural and entertainment district in Shanghai with a group of Chinese partners; the $3.1 billion Dream Center, a riverfront complex that is expected to cover six large city blocks, has ambitions to rival the Broadway theater district and the West End in London. Read more..
Italy’s economy shrank again in the second quarter, official data showed, and orders for German machinery declined sharply. Read more..
Short North neighborhood in Columbus, Ohio, is thriving with an eclectic cultural scene, and new development that barely slowed during the recession; transformation of the area began in the 1980s. Read more..
British authorities are circling the wagons around Standard Chartered bank, accused in New York of money laundering. Read more..
Elizabeth Olson Advertising column highlights J Crew ad campaign. Read more..
Securities and Exchange Commission announces that it has reached a $45 million settlement with Pfizer to resolve charges that subsidiaries of Pfizer and Wyeth bribed overseas doctors and other health care workers to increase sales of their drugs; announcement comes as the Justice Department announces that another Pfizer subsidiary has agreed to pay $15 million to settle similar charges. Read more..
Mobile payment start-up Square forms a partnership with the Starbucks Coffee Company in which it will begin processing all credit and debit card transaction at all United States stores; Starbucks's adoption of the technology will likely catapult mobile payments into the mainstream. Read more..
Vivian Marino 30-Minute Interview with Procida Funding and Advisors president William Procida; business provides real estate services, including financing and investment funds, and is best know for development work in the South Bronx. Read more..
Values are reported in US Dollars
|Walt Disney & Co.||DIS||49.36||50.65||49.05||50.49||14.7M|
|Wells Fargo & Co.||WFC||33.63||33.95||33.48||33.82||12.4M|
|Procter & Gamble||PG||66.01||66.80||65.96||66.72||9.67M|
|Johnson & Johnson||JNJ||68.29||68.56||68.22||68.35||6.57M|
|International Business Machines||IBM||198.27||199.69||198.16||199.03||2.07M|
Exchange Rates of August 8th, 2012
|US Dollar||Japanese Yen||1 USD = 78.420 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.995 CAD||1 CAD = 1.005 USD|
|US Dollar||Swiss Franc||1 USD = 0.972 CHF||1 CHF = 1.029 USD|
|US Dollar||Chinese Yuan||1 USD = 6.362 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 96.980 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.790 GBP||1 GBP = 1.266 EUR|
|Euro||Australian Dollar||1 EUR = 1.169 AUD||1 AUD = 0.855 EUR|
|Euro||Canadian Dollar||1 EUR = 1.230 CAD||1 CAD = 0.813 EUR|
|Euro||Swiss Franc||1 EUR = 1.201 CHF||1 CHF = 0.833 EUR|
|Euro||Chinese Yuan||1 EUR = 7.865 CNY||1 CNY = 0.127 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.814 GBP||1 GBP = 1.229 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.205 AUD||1 AUD = 0.830 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.268 CAD||1 CAD = 0.789 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.238 CHF||1 CHF = 0.808 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.481 AUD||1 AUD = 0.675 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.557 CAD||1 CAD = 0.642 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.521 CHF||1 CHF = 0.658 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.962 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.051 CAD||1 CAD = 0.951 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.027 CHF||1 CHF = 0.974 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.727 CNY||1 CNY = 0.149 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.976 CHF||1 CHF = 1.024 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.397 CNY||1 CNY = 0.156 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.547 CNY||1 CNY = 0.153 CHF|