Financial news on February 8th, 2012
Business and Financial news
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..
In a world crammed with Android phones, HTC, Samsung and Motorola introduce three new models, each of them Verizon 4Gs. Read more..
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..
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..
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..
The extra provisions will enable the banks to meet new government rules to clean up ailing property assets. Read more..
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..
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..
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 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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||30.30||30.63||30.13||30.63||31.6M|
|Walt Disney & Co.||DIS||41.37||41.91||40.99||41.27||21.7M|
|Procter & Gamble||PG||63.72||63.78||63.44||63.64||8.17M|
|Johnson & Johnson||JNJ||65.20||65.35||65.09||65.24||6.89M|
|International Business Machines||IBM||192.78||193.58||191.73||192.95||3.8M|
Exchange Rates of February 8th, 2012
|US Dollar||Japanese Yen||1 USD = 77.030 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.996 CAD||1 CAD = 1.004 USD|
|US Dollar||Swiss Franc||1 USD = 0.912 CHF||1 CHF = 1.096 USD|
|US Dollar||Chinese Yuan||1 USD = 6.295 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 102.150 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.838 GBP||1 GBP = 1.193 EUR|
|Euro||Australian Dollar||1 EUR = 1.227 AUD||1 AUD = 0.815 EUR|
|Euro||Canadian Dollar||1 EUR = 1.320 CAD||1 CAD = 0.757 EUR|
|Euro||Swiss Franc||1 EUR = 1.210 CHF||1 CHF = 0.827 EUR|
|Euro||Chinese Yuan||1 EUR = 8.345 CNY||1 CNY = 0.120 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.820 GBP||1 GBP = 1.219 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.201 AUD||1 AUD = 0.833 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.292 CAD||1 CAD = 0.774 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.184 CHF||1 CHF = 0.844 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.464 AUD||1 AUD = 0.683 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.575 CAD||1 CAD = 0.635 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.443 CHF||1 CHF = 0.693 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.956 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.075 CAD||1 CAD = 0.930 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.985 CHF||1 CHF = 1.015 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.800 CNY||1 CNY = 0.147 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.916 CHF||1 CHF = 1.092 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.322 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.896 CNY||1 CNY = 0.145 CHF|