Financial news on February 8th, 2012

Business and Financial news
2 Rulings Uphold Media Rights in Europe

Both verdicts by the European Court of Human Rights referred to the often-tricky balance between the media's right to expression and an individual's right to privacy. Read more..

By THE ASSOCIATED PRESS - International Herald Tribune

Android Phones Take a Power Trip

In a world crammed with Android phones, HTC, Samsung and Motorola introduce three new models, each of them Verizon 4Gs. Read more..

By DAVID POGUE - The New York Times

Brisk American Sales Lift Toyota’s Profit Estimate

Toyota Motor raises its annual profit forecast despite a decline in its quarterly profit, helped by brisk sales in the United States after a year overshadowed by natural disasters; net profit slipped 13.5 percent to 80.9 billion yen ($1.05 billion) for the last three months of 2011; company raises its annual profit forecast to 200 billion yen ($2.6 billion), up from 180 billion. Read more..

By HIROKO TABUCHI - The New York Times

Business Day Live | February 8, 2012

The Internet industry and media giants are struggling to find common ground on how to combat online piracy. Amy Chozick reports that the two sides cannot even agree on the scale of the problem. Read more..

Mac William Bishop, Matthew Orr, Pedro Rosado and Nadia Sussman - The New York Times

Manhattan Church Leads an Area’s Improvement

Construction begins on a $113 million renovation of 330 Hudson Street in the Hudson Square neighborhood of New York City; the project includes adding eight stories to the circa 1910 building to create a 440,000-square-foot office tower; Trinity Church, the area's largest landlord, has spent decades transforming it from a manufacturing center to a technology and media hub. Read more..

By JULIE SATOW - The New York Times

Spanish Banks to Set Aside Billions for Toxic Assets

The extra provisions will enable the banks to meet new government rules to clean up ailing property assets. Read more..

By REUTERS - International Herald Tribune

Strong Asian Sales Bolster Coca-Cola in 4th Quarter

Coca-Cola Company reports fourth-quarter profit that topped analysts' estimates; profit was 79 cents a share, exceeding the 77-cent average analyst prediction; net income in the quarter fell to $1.65 billion, or 72 cents a share, from $5.77 billion, or $2.46 a share, a year earlier, when the company posted a gain from an acquisition. Read more..

By BLOOMBERG NEWS - The New York Times

Susan M. De França

Vivian Marino 30-Minute Interview with Douglas Elliman Development Marketing president and chief executive Susan M de Franca, who discusses residential development in New York City. Read more..

By VIVIAN MARINO - The New York Times

To Senators, Bernanke Defends the Fed’s Dual Objectives

Federal Reserve chairman, Ben S Bernanke, continues to defend the Fed's efforts to control inflation and unemployment, telling the Senate Budget Committee at a hearing that those issues are of equal priority; Senate Republicans had expressed concerns that the Fed was prioritizing job growth over inflation. Read more..


Walmart to Label Healthy Foods

Walmart announces standards to identify and label healthy foods it sells as part of its promise to improve the nutritional quality of its products; labels will bear the words Great for You on the retailer's store brand items, as well as on signs around fresh fruits and vegetable displays; Walmart will allow other brands to use the label without paying any licensing fee on products that are up to its standards and meet certain criteria; move acknowledges Walmart's influential role in the health of American families. Read more..

By STEPHANIE STROM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20.2220.4520.0920.4391.3M
General ElectricGE19.1919.3119.0819.2433.7M
Wells Fargo & Co.WFC30.3030.6330.1330.6331.6M
Oracle Corp.ORCL28.9228.9928.3828.7329.8M
JPMorgan ChaseJPM38.0538.3537.9738.3023.3M
Walt Disney & Co.DIS41.3741.9140.9941.2721.7M
AT&T Inc.T30.0430.1530.0230.0220.1M
General MotorsGM26.3126.4225.5825.7517.5M
HP Inc.HPQ28.9729.5628.8929.4613.2M
Gilead SciencesGILD54.5654.9053.8354.2711.8M
Abbott LaboratoriesABT55.8255.8255.3855.5711M
Verizon CommunicationsVZ37.8838.2537.8637.929.5M
Procter & GamblePG63.7263.7863.4463.648.17M
Home DepotHD45.4645.4744.8545.177.58M
Bristol-Myers SquibbBMY32.0532.1631.9332.087.32M
Wal-Mart StoresWMT61.9162.0261.2361.627.26M
United TechnologiesUTX80.5381.8679.7781.746.91M
Johnson & JohnsonJNJ65.2065.3565.0965.246.89M
UnitedHealth GroupUNH52.0052.3751.6552.146.02M
International Business MachinesIBM192.78193.58191.73192.953.8M
Berkshire HathawayBRK.B79.8279.8979.4779.663.31M
Union PacificUNP115.11115.72113.81114.353.04M
Exchange Rates of February 8th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77.030 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.996 CAD1 CAD = 1.004 USD
US DollarSwiss Franc1 USD = 0.912 CHF1 CHF = 1.096 USD
US DollarChinese Yuan1 USD = 6.295 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 102.150 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.838 GBP1 GBP = 1.193 EUR
EuroAustralian Dollar1 EUR = 1.227 AUD1 AUD = 0.815 EUR
EuroCanadian Dollar1 EUR = 1.320 CAD1 CAD = 0.757 EUR
EuroSwiss Franc1 EUR = 1.210 CHF1 CHF = 0.827 EUR
EuroChinese Yuan1 EUR = 8.345 CNY1 CNY = 0.120 EUR
Japanese YenPound Sterling1 JPY = 0.820 GBP1 GBP = 1.219 JPY
Japanese YenAustralian Dollar1 JPY = 1.201 AUD1 AUD = 0.833 JPY
Japanese YenCanadian Dollar1 JPY = 1.292 CAD1 CAD = 0.774 JPY
Japanese YenSwiss Franc1 JPY = 1.184 CHF1 CHF = 0.844 JPY
Pound SterlingAustralian Dollar1 GBP = 1.464 AUD1 AUD = 0.683 GBP
Pound SterlingCanadian Dollar1 GBP = 1.575 CAD1 CAD = 0.635 GBP
Pound SterlingSwiss Franc1 GBP = 1.443 CHF1 CHF = 0.693 GBP
Pound SterlingChinese Yuan1 GBP = 9.956 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.075 CAD1 CAD = 0.930 AUD
Australian DollarSwiss Franc1 AUD = 0.985 CHF1 CHF = 1.015 AUD
Australian DollarChinese Yuan1 AUD = 6.800 CNY1 CNY = 0.147 AUD
Canadian DollarSwiss Franc1 CAD = 0.916 CHF1 CHF = 1.092 CAD
Canadian DollarChinese Yuan1 CAD = 6.322 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.896 CNY1 CNY = 0.145 CHF

See what else happened on February 8th, 2012