Financial news on January 11, 2013

Business and Financial news
Amex Says It Will Cut 5,400 Jobs in Revamping

American Express will cut about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations. Read more..

By THE ASSOCIATED PRESS - The New York Times

A Rare Find: A Home Alone in Amsterdam

With apartments forming most of the city's housing stock, a rare one-family home goes on the market. Read more..

By ABIGAIL SALTMARSH - International Herald Tribune

Bank Deal Ends Flawed Reviews of Foreclosures

As quick justice, regulators are giving cash payments to 3.8 million borrowers, but the deal is actually a way to paper over a deeply flawed review of foreclosed loans across America. Read more..

By JESSICA SILVER-GREENBERG - The New York Times

Bank of England Leaves Interest Rate at Record Low

The central bank also maintained its stimulus program amid signs that the economy is still on the brink of recession. Read more..

By JULIA WERDIGIER - International Herald Tribune

F.D.A. Warns 2 Producers on Egg Safety

Food and Drug Administration issues warning letters to large egg producers Midwest Poultry Services and SKS Enterprises Inc, contending that they violated a two-year-old rule aimed at preventing salmonella contamination. Read more..

By STEPHANIE STROM - The New York Times

Geithner’s Tenure Defined by Financial Crisis

Outgoing Treasury Secretary Timothy F Geithner is remarkably sanguine as he looks back on his tumultuous tenure. Read more..

By ANNIE LOWREY - The New York Times

More Emergency Visits Linked to Energy Drinks

The number of annual hospital visits related to energy drinks doubled from 2007 to 2011, with patients from 18 to 25 accounting for the largest group by age, a federal report found. Read more..

By BARRY MEIER - The New York Times

Oasis of Calm Is Put Back Together, Piece by Piece

Restoration of a historic home on Mauritius echoes the growth in its real estate market. Read more..

By LAURA LATHAM - International Herald Tribune

S.&P. 500 Hits a Five-Year High

Standard & Poor's 500-stock index sets five-year high as stronger-than-expected exports from China spur optimism about global growth prospects. Read more..

By REUTERS - The New York Times

Unexpected Sharp Rise in Exports From China

Chinese exports in December grew at the fastest pace since May, raising hopes of a firmer rebound in trade. Read more..

By BETTINA WASSENER - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
FacebookFB31,2831,9631,1031,7289.6M
MicrosoftMSFT26,4926,9326,2826,8355.5M
IntelINTC21,8022,0721,7722,0044.9M
Wells Fargo & Co.WFC34,9335,1834,5335,1044.1M
General ElectricGE21,2221,2421,0221,1341.8M
HP Inc.HPQ16,4816,7315,8516,1639.1M
PfizerPFE26,7426,8326,5026,5227.8M
AT&T Inc.T34,4434,4934,1334,2727.1M
Cisco SystemsCSCO20,4020,5120,3320,4823.4M
JPMorgan ChaseJPM45,9746,1545,4746,1419.7M
Coca-ColaKO36,8436,9436,5236,9115.6M
Oracle Corp.ORCL34,9635,0034,7834,8615.1M
AppleAAPL521,00525,32519,02520,3012.5M
Procter & GamblePG69,3069,3069,0169,2212.2M
MerckMRK42,7143,3342,7143,2312.1M
ExxonMobilXOM88,9789,7188,8789,6111.6M
Verizon CommunicationsVZ43,7343,7443,0443,3011.6M
UnitedHealth GroupUNH53,4053,4052,3352,8210.2M
BoeingBA75,7176,1074,6075,169.81M
Abbott LaboratoriesABT33,8833,8833,3233,378.55M
Johnson & JohnsonJNJ72,1972,5872,1672,357.77M
AltriaMO32,7533,0332,7032,937.4M
Walt Disney & Co.DIS50,8251,0250,4550,587.15M
Bristol-Myers SquibbBMY34,0134,2333,9534,137.07M
ComcastCMCSA38,3938,5838,2838,466.98M
General MotorsGM30,3830,6030,1130,366.86M
Wal-Mart StoresWMT68,6068,7968,2168,636.22M
ChevronCVX111,20112,08110,80111,735.46M
AmgenAMGN87,9588,0586,8786,964.68M
PepsicoPEP70,7270,8970,5670,884.67M
Home DepotHD63,4763,7663,3463,704.57M
Berkshire HathawayBRK.B94,7294,7594,2294,394.27M
Gilead SciencesGILD78,0978,4777,3678,084.13M
SchlumbergerSLB73,1973,8073,0673,754.1M
ConocoPhillipsCOP58,3358,3658,0358,273.96M
International Business MachinesIBM194,15195,00192,90194,453.88M
McDonald'sMCD91,9491,9891,0591,733.69M
United TechnologiesUTX84,8785,4984,6585,182.98M
3MMMM95,8496,6695,2196,282.92M
AlphabetGOOGL742,00742,43736,30739,992.57M
AmazonAMZN265,10268,43264,11267,942.41M
VisaV159,78161,25159,50161,162.39M
Union PacificUNP131,45132,09130,68130,971.53M
Exchange Rates of January 11, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89,170 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 0,985 CAD1 CAD = 1,015 USD
US DollarSwiss Franc1 USD = 0,913 CHF1 CHF = 1,095 USD
US DollarChinese Yuan1 USD = 6,216 CNY1 CNY = 0,161 USD
EuroJapanese Yen1 EUR = 118,980 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,827 GBP1 GBP = 1,209 EUR
EuroAustralian Dollar1 EUR = 1,266 AUD1 AUD = 0,790 EUR
EuroCanadian Dollar1 EUR = 1,314 CAD1 CAD = 0,761 EUR
EuroSwiss Franc1 EUR = 1,219 CHF1 CHF = 0,820 EUR
EuroChinese Yuan1 EUR = 8,295 CNY1 CNY = 0,121 EUR
Japanese YenPound Sterling1 JPY = 0,695 GBP1 GBP = 1,439 JPY
Japanese YenAustralian Dollar1 JPY = 1,063 AUD1 AUD = 0,940 JPY
Japanese YenCanadian Dollar1 JPY = 1,104 CAD1 CAD = 0,906 JPY
Japanese YenSwiss Franc1 JPY = 1,024 CHF1 CHF = 0,976 JPY
Pound SterlingAustralian Dollar1 GBP = 1,531 AUD1 AUD = 0,653 GBP
Pound SterlingCanadian Dollar1 GBP = 1,589 CAD1 CAD = 0,629 GBP
Pound SterlingSwiss Franc1 GBP = 1,473 CHF1 CHF = 0,679 GBP
Pound SterlingChinese Yuan1 GBP = 10,028 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 1,038 CAD1 CAD = 0,964 AUD
Australian DollarSwiss Franc1 AUD = 0,962 CHF1 CHF = 1,040 AUD
Australian DollarChinese Yuan1 AUD = 6,552 CNY1 CNY = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,927 CHF1 CHF = 1,079 CAD
Canadian DollarChinese Yuan1 CAD = 6,311 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,803 CNY1 CNY = 0,147 CHF

See what else happened on January 11, 2013