Financial news on October 10, 2015
Business and Financial news
American solar energy company SunEdison says it will end its free rooftop solar panel installations for British homes after country's Conservative government cuts subsidies for electricity bills by up to 87 percent; almost 750,000 British homes are powered by solar panels. Read more..
Volkswagen's diesel emissions scandal offers reminder of similar tricks in household appliances industry; use of advanced controls and other forms of electronics in many consumer devices and appliances increases possibility of cheating and mischief by manufacturers. Read more..
United States District Court Judge for the District of Massachusetts Mark G Mastroianni declines to dismiss lawsuit by three women who say Bill Cosby sexually assaulted them in 1970s and then later defamed them; Cosby also faces questions in separate civil case in California. Read more..
Bipartisan group of House members enacts petition forcing vote on renewing charter of Export-Import Bank, which had expired in June. Read more..
Fiat Chrysler plans to spin off Ferrari at initial public offering valuation of about $9.4 billion, with shares between $48 to $52 each. Read more..
David J. Kahn returns with a tribute to an icon. Read more..
Retiring column; many older parents are helping their adult children by giving them loans, cash gifts or paying bills; this sometimes hurts their finances, even jeopardizing their retirement; data indicates problem is increasing, as many baby boomers and millennials have little savings for old age. Read more..
Twitter's newly returned chief executive Jack Dorsey plans cost-cutting moves, including layoffs and ending plan to expand company's San Francisco headquarters. Read more..
United Automobile Workers president Dennis Williams says he thinks workers at Fiat Chrysler will accept more generous contract proposal after rejecting previous version. Read more..
Fred Piscop returns with Split Decisions. What, you’ve never tried one? You need to get right on that. Read more..
Exchange Rates of October 10, 2015
|US Dollar||Australian Dollar||1 USD = 1.363 AUD||1 AUD = 0.734 USD|
|US Dollar||Canadian Dollar||1 USD = 1.294 CAD||1 CAD = 0.773 USD|
|US Dollar||Mexican Peso||1 USD = 16.400 MXN||1 MXN = 0.061 USD|
|Euro||Mexican Peso||1 EUR = 18.649 MXN||1 MXN = 0.054 EUR|
|Pound Sterling||Swiss Franc||1 GBP = 1.473 CHF||1 CHF = 0.679 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.948 CAD||1 CAD = 1.054 AUD|
|Swiss Franc||Swidish Krona||1 CHF = 8.519 SEK||1 SEK = 0.117 CHF|