Financial news on June 08, 2016

Business and Financial news
E-Trade to Introduce Robo-Advisory Service

The new service is primarily a “set it and forget it” approach that uses exchange-traded funds and automatic portfolio updating. Read more..

By LIZ MOYER - The New York Times

Greece Secures Bailout Money With Airport Real Estate Deal

The privatization deal will fulfill a key condition for the money, but it will also displace 3,000 refugees living in a makeshift settlement. Read more..

By NIKI KITSANTONIS - The New York Times

Ingress Has the World as Its Game Board

Ingress, a game originally developed at Google, encourages its one million players to go to actual landmarks in far-flung places. Read more..

By VINDU GOEL - The New York Times

Jeb Hensarling Plan Rekindles Debate as Republicans Aim to Dismantle Dodd-Frank

Rep Jeb Hensarling of Texas, in speech, describes House Republican plan to dismantle 2010 Dodd-Frank financial reform act; plan has rekindled debate over banking regulation. Read more..

By VICTORIA FINKLE - The New York Times

Jobs Threatened by Machines: A Once ‘Stupid’ Concern Gains Respect

Eduardo Porter Economic Scene column examines efforts to develop economic model for how to handle possibility that large numbers of people will become disemployed by technological disruption; notes degree to which economists treat possibility more seriously than before, when it was largely dismissed out of hand. Read more..

By EDUARDO PORTER - The New York Times

Lancôme Provokes Fury After Canceling a Concert in Hong Kong

Lancome's cancellation of Hong Kong concert featuring singer Denise Ho has led to accusations of commercial self-censorship; Ho is vocal supporter of pro-democracy Occupy movement, and many see cancellation as part of corporate effort to avoid offending Chinese government. Read more..

By AMIE TSANG and ALAN WONG - The New York Times

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York City. Read more..

By ROSALIE R. RADOMSKY - The New York Times

SMS Assist, a No-Glamour Start-Up, Becomes a Unicorn

Its latest fund-raising round gives SMS, based in Chicago, a valuation of $1 billion, a company spokesman said. Read more..

By LESLIE PICKER - The New York Times

The Playboy Mansion Has a Buyer: A Twinkie King

Playboy spokesman announces Daren Metropoulos will purchase Playboy Mansion in Los Angeles; magazine's founder Hugh Hefner plans to remain in house indefinitely despite sale. Read more..


Tribune Publishing Vote Hands Board a Rebuke

More than 40 percent of shareholders withheld votes for Tribune’s slate of directors, virtually unheard of when proxy advisers support the candidates. Read more..

By JENNIFER SABA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE30,2330,5030,1630,3129.1M
Wells Fargo & Co.WFC50,2550,4449,7450,0018.2M
Cisco SystemsCSCO29,0929,2729,0629,1417.8M
AT&T Inc.T39,7239,8739,6439,8614.4M
General MotorsGM30,0030,0329,5229,5713M
Oracle Corp.ORCL39,1639,3438,9039,2811.7M
Verizon CommunicationsVZ51,5151,7051,2451,5210.5M
JPMorgan ChaseJPM64,9365,4864,9265,259.43M
HP Inc.HPQ13,6913,9013,6613,879.28M
Abbott LaboratoriesABT38,9039,0638,6538,919.13M
Gilead SciencesGILD87,5288,0986,8287,427.33M
UnitedHealth GroupUNH137,27140,89137,00140,406.18M
Wal-Mart StoresWMT70,8571,4570,8071,286.14M
Union PacificUNP87,8390,1487,8089,046.14M
Johnson & JohnsonJNJ115,52115,95115,41115,805.86M
Bristol-Myers SquibbBMY73,9673,9973,2873,415.7M
Walt Disney & Co.DIS98,4998,8297,7098,045.47M
Procter & GamblePG82,3782,7582,0282,654.71M
Home DepotHD130,01130,30129,25129,593.74M
International Business MachinesIBM153,53154,09153,04154,002.94M
United TechnologiesUTX101,45102,12101,38102,072.57M
Berkshire HathawayBRK.B141,57142,69141,53142,532.39M
Exchange Rates of June 08, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0,877 EUR1 EUR = 1,140 USD
US DollarJapanese Yen1 USD = 106,910 JPY1 JPY = 0,009 USD
US DollarPound Sterling1 USD = 0,689 GBP1 GBP = 1,451 USD
US DollarAustralian Dollar1 USD = 1,336 AUD1 AUD = 0,749 USD
US DollarCanadian Dollar1 USD = 1,269 CAD1 CAD = 0,788 USD
US DollarSwiss Franc1 USD = 0,959 CHF1 CHF = 1,043 USD
US DollarChinese Yuan1 USD = 6,569 CNY1 CNY = 0,152 USD
US DollarMexican Peso1 USD = 18,121 MXN1 MXN = 0,055 USD
US DollarSwidish Krona1 USD = 8,107 SEK1 SEK = 0,123 USD
EuroJapanese Yen1 EUR = 121,873 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,786 GBP1 GBP = 1,273 EUR
EuroAustralian Dollar1 EUR = 1,523 AUD1 AUD = 0,657 EUR
EuroCanadian Dollar1 EUR = 1,447 CAD1 CAD = 0,691 EUR
EuroSwiss Franc1 EUR = 1,093 CHF1 CHF = 0,915 EUR
EuroChinese Yuan1 EUR = 7,487 CNY1 CNY = 0,134 EUR
EuroMexican Peso1 EUR = 20,655 MXN1 MXN = 0,048 EUR
EuroSwidish Krona1 EUR = 9,242 SEK1 SEK = 0,108 EUR
Japanese YenPound Sterling1 JPY = 0,006 GBP1 GBP = 156,250 JPY
Japanese YenAustralian Dollar1 JPY = 0,013 AUD1 AUD = 80,000 JPY
Japanese YenCanadian Dollar1 JPY = 0,012 CAD1 CAD = 84,034 JPY
Japanese YenSwiss Franc1 JPY = 0,009 CHF1 CHF = 111,111 JPY
Japanese YenChinese Yuan1 JPY = 0,061 CNY1 CNY = 16,287 JPY
Japanese YenMexican Peso1 JPY = 0,169 MXN1 MXN = 5,903 JPY
Japanese YenSwidish Krona1 JPY = 0,076 SEK1 SEK = 13,193 JPY
Pound SterlingAustralian Dollar1 GBP = 1,938 AUD1 AUD = 0,516 GBP
Pound SterlingCanadian Dollar1 GBP = 1,842 CAD1 CAD = 0,543 GBP
Pound SterlingSwiss Franc1 GBP = 1,391 CHF1 CHF = 0,719 GBP
Pound SterlingChinese Yuan1 GBP = 9,532 CNY1 CNY = 0,105 GBP
Pound SterlingMexican Peso1 GBP = 26,292 MXN1 MXN = 0,038 GBP
Pound SterlingSwidish Krona1 GBP = 11,763 SEK1 SEK = 0,085 GBP
Australian DollarCanadian Dollar1 AUD = 0,950 CAD1 CAD = 1,053 AUD
Australian DollarSwiss Franc1 AUD = 0,718 CHF1 CHF = 1,394 AUD
Australian DollarChinese Yuan1 AUD = 4,919 CNY1 CNY = 0,203 AUD
Australian DollarMexican Peso1 AUD = 13,566 MXN1 MXN = 0,074 AUD
Australian DollarSwidish Krona1 AUD = 6,067 SEK1 SEK = 0,165 AUD
Canadian DollarSwiss Franc1 CAD = 0,755 CHF1 CHF = 1,324 CAD
Canadian DollarChinese Yuan1 CAD = 5,175 CNY1 CNY = 0,193 CAD
Canadian DollarMexican Peso1 CAD = 14,275 MXN1 MXN = 0,070 CAD
Canadian DollarSwidish Krona1 CAD = 6,385 SEK1 SEK = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 6,852 CNY1 CNY = 0,146 CHF
Swiss FrancMexican Peso1 CHF = 18,901 MXN1 MXN = 0,053 CHF
Swiss FrancSwidish Krona1 CHF = 8,452 SEK1 SEK = 0,118 CHF
Chinese YuanSwidish Krona1 CNY = 1,234 SEK1 SEK = 0,810 CNY

See what else happened on June 08, 2016