Financial news on February 09, 2012
Business and Financial news
France, Germany, Italy, Spain and Britain will “intensify their cooperation” to identify U.S. tax cheats in return for help in finding U.S. accounts held by residents of those countries. Read more..
Germany and Kazakhstan agree to a strategic partnership that guarantees German companies the right to search for and mine rare earths and other raw materials in Kazakhstan in exchange for technological and other investments; accord is valued at about $4 billion. Read more..
The Greek debt deal opens the door to new uncertainties in Europe, which could once again revive the crisis atmosphere. Read more..
Stocks close flat in a thinly traded session, but the Dow Jones industrial average remains near a four-year high. Read more..
John T Sargent, who as president and later chairman of Doubleday & Company oversaw its expansion from a modest-size family-controlled book publisher to an industry giant with interests extending into broadcasting and baseball, dies at age 87. Read more..
Research in the growing field of behavioral economics shows that individual investors can overcome tendencies toward making wrong choices with their investments, although doing so requires recognition and discipline. Read more..
Hotel chains are seeing an under-served niche market in longer-term or extended-stay residences that offer amenities or residential ambiance to higher-income individuals looking for lodgings for longer stays; benefits include all the features of great hotels with the privacy of condominiums and apartments. Read more..
Financial planners warn that managing a financial windfall can be a stressful, hazardous undertaking that must be navigated with great care to avoid wasting a once-in-a-lifetime opportunity; beneficiaries of a substantial payday, like a lottery winner, heir to an estate or a shareholder that goes public, may suddenly confront a wide range of unfamiliar life choices. Read more..
The news that A380 wing bracket cracks could be more widespread comes at a time when Boeing is grappling with what it said were minor defects on its 787 “Dreamliner.” Read more..
Sprint Nextel lifts revenue with the iPhone, but posts a net fourth-quarter loss of $1.3 billion, or 43 cents a share, compared with net loss of $929 million in year-ago quarter. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||30.78||30.85||30.29||30.58||29.7M|
|Walt Disney & Co.||DIS||40.75||41.64||40.55||41.53||13.6M|
|Johnson & Johnson||JNJ||65.16||65.35||64.82||64.89||10.9M|
|Procter & Gamble||PG||63.84||64.10||63.53||64.04||9.15M|
|International Business Machines||IBM||193.03||194.46||192.55||193.13||3.88M|
Exchange Rates of February 09, 2012
|US Dollar||Japanese Yen||1 USD = 77.650 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.995 CAD||1 CAD = 1.005 USD|
|US Dollar||Swiss Franc||1 USD = 0.912 CHF||1 CHF = 1.097 USD|
|US Dollar||Chinese Yuan||1 USD = 6.295 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 103.170 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.840 GBP||1 GBP = 1.191 EUR|
|Euro||Australian Dollar||1 EUR = 1.232 AUD||1 AUD = 0.812 EUR|
|Euro||Canadian Dollar||1 EUR = 1.321 CAD||1 CAD = 0.757 EUR|
|Euro||Swiss Franc||1 EUR = 1.211 CHF||1 CHF = 0.826 EUR|
|Euro||Chinese Yuan||1 EUR = 8.368 CNY||1 CNY = 0.120 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.814 GBP||1 GBP = 1.229 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.193 AUD||1 AUD = 0.838 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.281 CAD||1 CAD = 0.781 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.174 CHF||1 CHF = 0.852 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.466 AUD||1 AUD = 0.682 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.573 CAD||1 CAD = 0.636 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.442 CHF||1 CHF = 0.694 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.962 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.073 CAD||1 CAD = 0.932 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.983 CHF||1 CHF = 1.017 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.794 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 = 6.329 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.909 CNY||1 CNY = 0.145 CHF|