Financial news on December 9th, 2013

Business and Financial news
Accounts and People of Note in the Advertising Industry

The new cable channel El Rey Network selects agencies, and WPP is merging two tech units, 24/7 Media and Xaxis, for a unified programmatic advertising platform. Read more..

By THE NEW YORK TIMES - The New York Times

Ads Use Famous Figures to Put a Face on a Problem

A campaign to highlight the potential of children with learning difficulties uses famous achievers from history who are believed to have had some of the same problems. Read more..

By STUART ELLIOTT - The New York Times

A Public Works Boom in Japan Has Echoes From the Lost Decade

Japan’s much-lauded growth plan is a throwback to the country’s troubled ’90s when it tried hard to build its way back to prosperity; some economists say country's recovery has become dangerously dependent on large-scale public works spending. Read more..

By HIROKO TABUCHI - The New York Times

A Senator Plans Legislation to Narrow Authorities’ Cellphone Data Requests

Sen Edward J Markey, Massachusetts Democratic, plans to introduce legislation that will provide stronger privacy protections for consumers; included in law will be requirement of warrant for police to get cellphone location information from carrier as proof that it will help uncover evidence of crime; carriers complied with 1.3 million requests from law enforcement agencies in 2011. Read more..

By BRIAN X. CHEN - The New York Times

News From the Advertising Industry

Account assignments, executive appointments and miscellaneous news from advertising agencies. Read more..

By STUART ELLIOTT - The New York Times

Overcoming an Aversion to Loss

The pain of losing is more acute than the pleasure of gain, but sometimes taking a loss is the prudent financial choice. Read more..

By CARL RICHARDS - The New York Times

Q. and A. With Stuart Elliott

When are disclaimers and warning labels adequate? Read more..

By STUART ELLIOTT - The New York Times

TD Ameritrade Commercials Link Olympics and Investing

Advertising column; TD Ameritrade's new campaign, which features seven athletes sponsored by the online broker, draws a parallel between their long journey to the Olympics and the fortitude required of long-term investors. Read more..

By ANDREW ADAM NEWMAN - The New York Times

The Gofer’s Expanding Portfolio

Modern magazine assistants have an understanding of Facebook, Instagram and Twitter that time-stretched, and old school, magazine editors lack; increasingly they are assuming responsibility for spreading the magazine’s message, and brand, across social media. Read more..


Where Freedom of the Press Is Muffled

David Carr The Media Equation column discusses efforts in China and even Britain that erode role of free press in democratic society; points out how situations in both countries underscore how transparency, however painful in the moment, allows democracy, business and the citizenry to thrive in the long run. Read more..

By DAVID CARR - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,3021,3321,2021,2241.4M
General ElectricGE26,9327,3326,8827,1930.7M
General MotorsGM40,3841,1740,3140,9029.3M
AT&T Inc.T34,5134,7334,2734,6918M
Gilead SciencesGILD76,0776,1174,2375,1917.2M
Oracle Corp.ORCL35,4835,7535,4035,6016.8M
HP Inc.HPQ27,6127,6827,2027,2515.5M
Wells Fargo & Co.WFC44,1444,4844,1444,3214M
JPMorgan ChaseJPM56,2856,5356,0956,5112.7M
Verizon CommunicationsVZ49,0749,6348,7949,5711.9M
Bristol-Myers SquibbBMY50,5952,0050,5151,217.68M
Procter & GamblePG84,4884,9484,3484,787.4M
Johnson & JohnsonJNJ94,3094,4893,7094,446.97M
Walt Disney & Co.DIS71,3671,4870,9271,116.48M
Home DepotHD79,9180,6079,5379,605.8M
Abbott LaboratoriesABT37,5737,5837,1637,204.97M
Wal-Mart StoresWMT80,2480,4379,7079,954.49M
UnitedHealth GroupUNH73,5074,3173,4373,723.99M
International Business MachinesIBM177,99178,15176,83177,463.8M
Berkshire HathawayBRK.B116,88117,46116,77117,143.37M
United TechnologiesUTX111,05111,55110,71111,182.8M
Union PacificUNP164,56165,27163,88164,501.78M
Exchange Rates of December 9th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 103,260 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,063 CAD1 CAD = 0,941 USD
US DollarSwiss Franc1 USD = 0,890 CHF1 CHF = 1,123 USD
US DollarChinese Yuan1 USD = 6,072 CNY1 CNY = 0,165 USD
EuroJapanese Yen1 EUR = 141,857 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,836 GBP1 GBP = 1,196 EUR
EuroAustralian Dollar1 EUR = 1,508 AUD1 AUD = 0,663 EUR
EuroCanadian Dollar1 EUR = 1,460 CAD1 CAD = 0,685 EUR
EuroSwiss Franc1 EUR = 1,223 CHF1 CHF = 0,818 EUR
EuroChinese Yuan1 EUR = 8,341 CNY1 CNY = 0,120 EUR
Japanese YenPound Sterling1 JPY = 0,589 GBP1 GBP = 1,698 JPY
Japanese YenAustralian Dollar1 JPY = 1,062 AUD1 AUD = 0,941 JPY
Japanese YenCanadian Dollar1 JPY = 1,029 CAD1 CAD = 0,972 JPY
Japanese YenSwiss Franc1 JPY = 0,862 CHF1 CHF = 1,160 JPY
Pound SterlingAustralian Dollar1 GBP = 1,803 AUD1 AUD = 0,555 GBP
Pound SterlingCanadian Dollar1 GBP = 1,746 CAD1 CAD = 0,573 GBP
Pound SterlingSwiss Franc1 GBP = 1,462 CHF1 CHF = 0,684 GBP
Pound SterlingChinese Yuan1 GBP = 9,973 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 0,968 CAD1 CAD = 1,033 AUD
Australian DollarSwiss Franc1 AUD = 0,811 CHF1 CHF = 1,234 AUD
Australian DollarChinese Yuan1 AUD = 5,529 CNY1 CNY = 0,181 AUD
Canadian DollarSwiss Franc1 CAD = 0,837 CHF1 CHF = 1,194 CAD
Canadian DollarChinese Yuan1 CAD = 5,710 CNY1 CNY = 0,175 CAD
Swiss FrancChinese Yuan1 CHF = 6,817 CNY1 CNY = 0,147 CHF

See what else happened on December 9th, 2013