Financial news on December 11, 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..

By CHRISTINE HAUGHNEY - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 20,99 21,01 20,65 20,88 66.1M
Facebook FB 50,55 50,77 49,01 49,38 65.8M
General Electric GE 27,11 27,13 26,54 26,58 40.2M
Microsoft MSFT 38,06 38,30 37,39 37,61 39.9M
Pfizer PFE 31,31 31,34 30,52 30,65 35M
AT&T Inc. T 34,40 34,45 33,92 33,95 27.5M
Intel INTC 24,74 24,88 24,40 24,42 24.7M
Wells Fargo & Co. WFC 44,07 44,17 43,48 43,52 18.2M
JPMorgan Chase JPM 56,54 56,77 55,96 56,07 17.8M
Oracle Corp. ORCL 34,95 35,06 34,42 34,56 17.2M
Gilead Sciences GILD 72,96 73,07 70,48 70,61 16.8M
General Motors GM 40,76 40,83 40,07 40,16 16.4M
Verizon Communications VZ 49,00 49,00 48,04 48,49 16.2M
HP Inc. HPQ 26,85 27,18 26,85 26,99 15.8M
Coca-Cola KO 39,95 40,34 39,89 40,13 15M
Merck MRK 49,51 49,53 48,75 48,95 14.5M
Apple AAPL 567,00 570,97 559,69 561,36 12.8M
ExxonMobil XOM 95,38 95,54 94,16 94,26 12.8M
Visa V 201,00 207,91 201,00 205,66 10.1M
Comcast CMCSA 49,31 49,39 48,65 48,66 9.99M
Altria MO 37,36 37,75 37,30 37,67 9.83M
Procter & Gamble PG 83,74 84,50 83,61 84,02 9.79M
Walt Disney & Co. DIS 71,73 72,13 70,43 70,52 9.52M
Johnson & Johnson JNJ 94,40 94,45 93,03 93,11 9.42M
Home Depot HD 78,38 79,81 78,38 79,00 7.83M
Chevron CVX 123,82 123,89 121,80 122,10 7.31M
UnitedHealth Group UNH 74,08 74,10 71,90 72,14 7.3M
Bristol-Myers Squibb BMY 51,11 51,11 50,39 50,65 6.77M
Pepsico PEP 82,32 83,07 82,32 82,67 6.61M
Abbott Laboratories ABT 37,00 37,10 36,52 36,58 6.19M
Wal-Mart Stores WMT 79,10 79,72 79,05 79,09 6M
ConocoPhillips COP 70,31 70,33 69,05 69,11 5.78M
Schlumberger SLB 87,00 87,48 85,90 86,14 5.39M
McDonald's MCD 95,51 95,72 95,17 95,26 5.19M
International Business Machines IBM 177,00 177,76 175,10 175,20 4.09M
3M MMM 128,74 129,66 126,71 126,77 3.9M
Berkshire Hathaway BRK.B 115,60 115,80 114,28 114,51 3.75M
Amgen AMGN 114,45 114,45 112,99 113,05 3.66M
United Technologies UTX 111,08 111,20 108,65 108,66 3.46M
Alphabet GOOGL 1087,40 1091,32 1075,17 1077,29 3.42M
Boeing BA 133,70 133,81 132,44 132,56 3.36M
Amazon AMZN 387,34 388,98 382,00 382,19 2.45M
Union Pacific UNP 162,80 163,50 160,50 160,70 2.12M
Exchange Rates of December 11, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 102,420 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 1,059 CAD 1 CAD = 0,944 USD
US Dollar Swiss Franc 1 USD = 0,886 CHF 1 CHF = 1,128 USD
US Dollar Chinese Yuan 1 USD = 6,072 CNY 1 CNY = 0,165 USD
Euro Japanese Yen 1 EUR = 141,190 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,842 GBP 1 GBP = 1,188 EUR
Euro Australian Dollar 1 EUR = 1,523 AUD 1 AUD = 0,656 EUR
Euro Canadian Dollar 1 EUR = 1,459 CAD 1 CAD = 0,685 EUR
Euro Swiss Franc 1 EUR = 1,222 CHF 1 CHF = 0,818 EUR
Euro Chinese Yuan 1 EUR = 8,369 CNY 1 CNY = 0,119 EUR
Japanese Yen Pound Sterling 1 JPY = 0,596 GBP 1 GBP = 1,678 JPY
Japanese Yen Australian Dollar 1 JPY = 1,078 AUD 1 AUD = 0,927 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,033 CAD 1 CAD = 0,968 JPY
Japanese Yen Swiss Franc 1 JPY = 0,865 CHF 1 CHF = 1,156 JPY
Pound Sterling Australian Dollar 1 GBP = 1,809 AUD 1 AUD = 0,553 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,734 CAD 1 CAD = 0,577 GBP
Pound Sterling Swiss Franc 1 GBP = 1,451 CHF 1 CHF = 0,689 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,942 CNY 1 CNY = 0,101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,958 CAD 1 CAD = 1,044 AUD
Australian Dollar Swiss Franc 1 AUD = 0,802 CHF 1 CHF = 1,247 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,494 CNY 1 CNY = 0,182 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,837 CHF 1 CHF = 1,195 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5,734 CNY 1 CNY = 0,174 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,847 CNY 1 CNY = 0,146 CHF

See what else happened on December 11, 2013