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

Stock Ticker symbol Open High Low Close Volume
Facebook FB 31,28 31,96 31,10 31,72 89.6M
Microsoft MSFT 26,49 26,93 26,28 26,83 55.5M
Intel INTC 21,80 22,07 21,77 22,00 44.9M
Wells Fargo & Co. WFC 34,93 35,18 34,53 35,10 44.1M
General Electric GE 21,22 21,24 21,02 21,13 41.8M
HP Inc. HPQ 16,48 16,73 15,85 16,16 39.1M
Pfizer PFE 26,74 26,83 26,50 26,52 27.8M
AT&T Inc. T 34,44 34,49 34,13 34,27 27.1M
Cisco Systems CSCO 20,40 20,51 20,33 20,48 23.4M
JPMorgan Chase JPM 45,97 46,15 45,47 46,14 19.7M
Coca-Cola KO 36,84 36,94 36,52 36,91 15.6M
Oracle Corp. ORCL 34,96 35,00 34,78 34,86 15.1M
Apple AAPL 521,00 525,32 519,02 520,30 12.5M
Procter & Gamble PG 69,30 69,30 69,01 69,22 12.2M
Merck MRK 42,71 43,33 42,71 43,23 12.1M
ExxonMobil XOM 88,97 89,71 88,87 89,61 11.6M
Verizon Communications VZ 43,73 43,74 43,04 43,30 11.6M
UnitedHealth Group UNH 53,40 53,40 52,33 52,82 10.2M
Boeing BA 75,71 76,10 74,60 75,16 9.81M
Abbott Laboratories ABT 33,88 33,88 33,32 33,37 8.55M
Johnson & Johnson JNJ 72,19 72,58 72,16 72,35 7.77M
Altria MO 32,75 33,03 32,70 32,93 7.4M
Walt Disney & Co. DIS 50,82 51,02 50,45 50,58 7.15M
Bristol-Myers Squibb BMY 34,01 34,23 33,95 34,13 7.07M
Comcast CMCSA 38,39 38,58 38,28 38,46 6.98M
General Motors GM 30,38 30,60 30,11 30,36 6.86M
Wal-Mart Stores WMT 68,60 68,79 68,21 68,63 6.22M
Chevron CVX 111,20 112,08 110,80 111,73 5.46M
Amgen AMGN 87,95 88,05 86,87 86,96 4.68M
Pepsico PEP 70,72 70,89 70,56 70,88 4.67M
Home Depot HD 63,47 63,76 63,34 63,70 4.57M
Berkshire Hathaway BRK.B 94,72 94,75 94,22 94,39 4.27M
Gilead Sciences GILD 78,09 78,47 77,36 78,08 4.13M
Schlumberger SLB 73,19 73,80 73,06 73,75 4.1M
ConocoPhillips COP 58,33 58,36 58,03 58,27 3.96M
International Business Machines IBM 194,15 195,00 192,90 194,45 3.88M
McDonald's MCD 91,94 91,98 91,05 91,73 3.69M
United Technologies UTX 84,87 85,49 84,65 85,18 2.98M
3M MMM 95,84 96,66 95,21 96,28 2.92M
Alphabet GOOGL 742,00 742,43 736,30 739,99 2.57M
Amazon AMZN 265,10 268,43 264,11 267,94 2.41M
Visa V 159,78 161,25 159,50 161,16 2.39M
Union Pacific UNP 131,45 132,09 130,68 130,97 1.53M
Exchange Rates of January 11, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89,170 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 0,985 CAD 1 CAD = 1,015 USD
US Dollar Swiss Franc 1 USD = 0,913 CHF 1 CHF = 1,095 USD
US Dollar Chinese Yuan 1 USD = 6,216 CNY 1 CNY = 0,161 USD
Euro Japanese Yen 1 EUR = 118,980 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,827 GBP 1 GBP = 1,209 EUR
Euro Australian Dollar 1 EUR = 1,266 AUD 1 AUD = 0,790 EUR
Euro Canadian Dollar 1 EUR = 1,314 CAD 1 CAD = 0,761 EUR
Euro Swiss Franc 1 EUR = 1,219 CHF 1 CHF = 0,820 EUR
Euro Chinese Yuan 1 EUR = 8,295 CNY 1 CNY = 0,121 EUR
Japanese Yen Pound Sterling 1 JPY = 0,695 GBP 1 GBP = 1,439 JPY
Japanese Yen Australian Dollar 1 JPY = 1,063 AUD 1 AUD = 0,940 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,104 CAD 1 CAD = 0,906 JPY
Japanese Yen Swiss Franc 1 JPY = 1,024 CHF 1 CHF = 0,976 JPY
Pound Sterling Australian Dollar 1 GBP = 1,531 AUD 1 AUD = 0,653 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,589 CAD 1 CAD = 0,629 GBP
Pound Sterling Swiss Franc 1 GBP = 1,473 CHF 1 CHF = 0,679 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,028 CNY 1 CNY = 0,100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1,038 CAD 1 CAD = 0,964 AUD
Australian Dollar Swiss Franc 1 AUD = 0,962 CHF 1 CHF = 1,040 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,552 CNY 1 CNY = 0,153 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,927 CHF 1 CHF = 1,079 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,311 CNY 1 CNY = 0,158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,803 CNY 1 CNY = 0,147 CHF

See what else happened on January 11, 2013