Financial news on July 08, 2014
Business and Financial news
After U.S. officials arrested the son of a Russian lawmaker in Guam on an array of hacking charges Saturday, Russians accused the U.S. of kidnapping and violating bilateral treaties. Read more..
Crumbs went public on the Nasdaq stock exchange in 2011 with great fanfare and ambitious expansion plans. But since then, shares of Crumbs have steadily fallen and its revenue has declined. Read more..
The company predicted a profit of $7.1 billion for the three months ended June 30, which would be a 24 percent decline from the period a year earlier, blaming slower sales and increased competition in China. Read more..
Report by the Federal Reserve says that homeowners have received $3.1 billion in cash under a federal settlement with 13 big banks over allegations of misconduct in processing mortgages that may have resulted in wrongful foreclosures. Read more..
With big banks facing increased scrutiny in the aftermath of the financial crisis, a number of bankers have found attractive opportunities at private equity firms. Read more..
The younger brother of the convicted inside trader Raj Rajaratnam was found not guilty at his own trial, a rare loss for federal prosecutors. Read more..
The new agreement, according to the state’s attorney general’s office, would cap Uber’s surge prices during “abnormal disruptions of the market,” typically citywide emergencies. Read more..
AbbVie said that it had increased its bid to acquire the Irish drug maker that had rejected its previous takeover offer. The new bid is about $51.6 billion. Read more..
A preschool boy has a vacation. And his father finds a way to spend time with him and still get his work done. Read more..
For years, Rengan Rajaratnam clashed with his older brother Raj even as he sought to emulate his hedge fund success. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||52.30||52.45||52.10||52.25||17.3M|
|Procter & Gamble||PG||80.03||80.85||79.91||80.56||9.15M|
|Johnson & Johnson||JNJ||106.21||106.25||105.52||105.72||6.27M|
|Walt Disney & Co.||DIS||86.19||86.32||85.68||85.86||4.73M|
|International Business Machines||IBM||187.65||188.08||186.37||187.22||3.14M|
Exchange Rates of July 08, 2014
|US Dollar||Japanese Yen||1 USD = 101.530 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.068 CAD||1 CAD = 0.937 USD|
|US Dollar||Swiss Franc||1 USD = 0.893 CHF||1 CHF = 1.120 USD|
|US Dollar||Chinese Yuan||1 USD = 6.201 CNY||1 CNY = 0.161 USD|
|Euro||Japanese Yen||1 EUR = 138.220 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.795 GBP||1 GBP = 1.258 EUR|
|Euro||Australian Dollar||1 EUR = 1.448 AUD||1 AUD = 0.691 EUR|
|Euro||Canadian Dollar||1 EUR = 1.453 CAD||1 CAD = 0.688 EUR|
|Euro||Swiss Franc||1 EUR = 1.215 CHF||1 CHF = 0.823 EUR|
|Euro||Chinese Yuan||1 EUR = 8.441 CNY||1 CNY = 0.118 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.575 GBP||1 GBP = 1.740 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.047 AUD||1 AUD = 0.955 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.051 CAD||1 CAD = 0.952 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.879 CHF||1 CHF = 1.138 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.822 AUD||1 AUD = 0.549 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.829 CAD||1 CAD = 0.547 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.530 CHF||1 CHF = 0.654 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.622 CNY||1 CNY = 0.094 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.004 CAD||1 CAD = 0.997 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.839 CHF||1 CHF = 1.192 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.829 CNY||1 CNY = 0.172 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.836 CHF||1 CHF = 1.196 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.808 CNY||1 CNY = 0.172 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.943 CNY||1 CNY = 0.144 CHF|