Financial news on December 11th, 2013

Business and Financial news
A Medical Credit Card Has Surprising Costs

The Consumer Financial Protection Bureau ordered GE Capital Retail Bank to repay customers who were victims of deceptive credit-card tactics. Read more..

By ANN CARRNS - The New York Times

Dwindling Tools to Raise Wages

Eduardo Porter Economic Scene column observes minimum wage's anti-poverty powers have been declining steadily for decades; points out the United States might not even need a minimum wage if it had some of the institutions that other advanced nations use to put a floor on workers’ living standards, but it does not. Read more..

By EDUARDO PORTER - The New York Times

European Lawmakers Support Carbon Trading System

European Parliament approves rescue plan for European Union's system for trading carbon-emission credits; plan is intended to make it more costly for companies to obtain permits to emit greenhouse gases. Read more..

By STANLEY REED - The New York Times

Gannett to Add USA Today to Local Papers

Gannett Company, one of nation's largest newspaper chains, will try to expand its advertising and circulation revenue by inserting parts of its flagship newspaper USA Today into its local newspapers. Read more..


Jean-Claude Beton, Who Sent Orangina Around the World, Dies at 88

Jean-Claude Beton, who transformed Orangina, an obscure citrus soda made in the Mediterranean into a distinctive international brand, dies at age 88. Read more..

By WILLIAM YARDLEY - The New York Times

Mary Barra, G.M.’s New Chief, Speaking Her Mind

Mary T. Barra, who will be the next chief executive of General Motors, visited The New York Times in November and sat down with reporters and editors. Read more..

By THE NEW YORK TIMES - The New York Times

Solid Pace of Expansion Seen in China

Fresh data painted a picture of an economy that is ticking along with less gusto than in the past few months but more robustly than at the start of this year. Read more..

By BETTINA WASSENER - The New York Times

Vice Media Buys a Tech Company to Experiment With Content Distribution

Advertising column; Vice Media announces it is buying Carrot Creative, digital agency that creates apps, websites and games for media companies and brands. Read more..

By RAVI SOMAIYA - The New York Times

Wheelies: The Vision Edition

Mercedes-Benz says it will build five Vision Gran Tourismo supercars; Fiat invests $12.3 billion in its Italian brands. Read more..

By BENJAMIN PRESTON - The New York Times

Worker Deaths Raise Questions at an Apple Contractor in China

Pegatron Corporation, Taiwanese manufacturer of Apple's iPhones and iPads, acknowledges recent deaths of young workers, but says it is not because of poor conditions at its Shanghai plant; labor rights activists say workers from Pegatron have complained about long working hours and harsh working conditions. Read more..

By DAVID BARBOZA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20.9921.0120.6520.8866.1M
General ElectricGE27.1127.1326.5426.5840.2M
AT&T Inc.T34.4034.4533.9233.9527.5M
Wells Fargo & Co.WFC44.0744.1743.4843.5218.2M
JPMorgan ChaseJPM56.5456.7755.9656.0717.8M
Oracle Corp.ORCL34.9535.0634.4234.5617.2M
Gilead SciencesGILD72.9673.0770.4870.6116.8M
General MotorsGM40.7640.8340.0740.1616.4M
Verizon CommunicationsVZ49.0049.0048.0448.4916.2M
HP Inc.HPQ26.8527.1826.8526.9915.8M
Procter & GamblePG83.7484.5083.6184.029.79M
Walt Disney & Co.DIS71.7372.1370.4370.529.52M
Johnson & JohnsonJNJ94.4094.4593.0393.119.42M
Home DepotHD78.3879.8178.3879.007.83M
UnitedHealth GroupUNH74.0874.1071.9072.147.3M
Bristol-Myers SquibbBMY51.1151.1150.3950.656.77M
Abbott LaboratoriesABT37.0037.1036.5236.586.19M
Wal-Mart StoresWMT79.1079.7279.0579.096M
International Business MachinesIBM177.00177.76175.10175.204.09M
Berkshire HathawayBRK.B115.60115.80114.28114.513.75M
United TechnologiesUTX111.08111.20108.65108.663.46M
Union PacificUNP162.80163.50160.50160.702.12M
Exchange Rates of December 11th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 102.420 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.059 CAD1 CAD = 0.944 USD
US DollarSwiss Franc1 USD = 0.886 CHF1 CHF = 1.128 USD
US DollarChinese Yuan1 USD = 6.072 CNY1 CNY = 0.165 USD
EuroJapanese Yen1 EUR = 141.190 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.842 GBP1 GBP = 1.188 EUR
EuroAustralian Dollar1 EUR = 1.523 AUD1 AUD = 0.656 EUR
EuroCanadian Dollar1 EUR = 1.459 CAD1 CAD = 0.685 EUR
EuroSwiss Franc1 EUR = 1.222 CHF1 CHF = 0.818 EUR
EuroChinese Yuan1 EUR = 8.369 CNY1 CNY = 0.119 EUR
Japanese YenPound Sterling1 JPY = 0.596 GBP1 GBP = 1.678 JPY
Japanese YenAustralian Dollar1 JPY = 1.078 AUD1 AUD = 0.927 JPY
Japanese YenCanadian Dollar1 JPY = 1.033 CAD1 CAD = 0.968 JPY
Japanese YenSwiss Franc1 JPY = 0.865 CHF1 CHF = 1.156 JPY
Pound SterlingAustralian Dollar1 GBP = 1.809 AUD1 AUD = 0.553 GBP
Pound SterlingCanadian Dollar1 GBP = 1.734 CAD1 CAD = 0.577 GBP
Pound SterlingSwiss Franc1 GBP = 1.451 CHF1 CHF = 0.689 GBP
Pound SterlingChinese Yuan1 GBP = 9.942 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.958 CAD1 CAD = 1.044 AUD
Australian DollarSwiss Franc1 AUD = 0.802 CHF1 CHF = 1.247 AUD
Australian DollarChinese Yuan1 AUD = 5.494 CNY1 CNY = 0.182 AUD
Canadian DollarSwiss Franc1 CAD = 0.837 CHF1 CHF = 1.195 CAD
Canadian DollarChinese Yuan1 CAD = 5.734 CNY1 CNY = 0.174 CAD
Swiss FrancChinese Yuan1 CHF = 6.847 CNY1 CNY = 0.146 CHF

See what else happened on December 11th, 2013