Financial news on July 11, 2014
Business and Financial news
Amazon is getting serious about delivery by drones, and asked the F.A.A. for special permission to test them outdoors. Read more..
Since facing a wave of litigation in the 1980s and ’90s over the health consequences of smoking, tobacco companies have sought to reposition themselves through mergers and acquisitions. Read more..
The insurer Friends Life Group, based on the Channel Island of Guernsey, agreed to sell its Luxembourg-based wealth management arm for about $610 million. Read more..
The talks follow AbbVie’s revised offer to pay about $51 billion for Shire, which has its headquarters in Ireland and is listed in London. Shire confirmed the talks on Friday but did not provide details of the discussions. Read more..
Floyd Norris High & Low Finance column scrutinizes contradictory government report saying first quarter of 2014 was worst for United States economy since 2009, but that hiring was at its highest rate in over six years, signaling a strengthening economy. Read more..
A committee said that government officials underestimated the potential market value of the Royal Mail when it was privatized in October and relied too heavily on the judgment of outside advisers. Read more..
Study by Pew Research Center finds that country's state capitals have lost more than one-third of newspaper journalists devoted to covering legislative matters full time; also shows that nontraditional news organizations have added journalists at statehouses. Read more..
The private equity firm is the third defendant to settle accusations in the nearly seven-year-old lawsuit, which contends that a group of private equity’s top firms were unofficial partners in an illegal conspiracy to reduce competition. Read more..
Have you heard about the latest management craze to sweep Silicon Valley? It’s called “holacracy.” Read more..
Labor Dept reports that applications for weekly unemployment benefits fell to one of its lowest levels since before the 2007-9 recession, sign of increasing health in labor market; says initial claims dropped by 11,000, to seasonally adjusted 304,000 for week ending July 5, 2014. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||51.13||51.67||50.82||51.49||30M|
|Procter & Gamble||PG||81.06||81.57||81.00||81.16||7.52M|
|Johnson & Johnson||JNJ||105.84||106.01||104.86||105.10||5.46M|
|Walt Disney & Co.||DIS||87.00||87.36||86.37||86.89||5.02M|
|International Business Machines||IBM||187.73||188.35||186.71||188.00||2.4M|
Exchange Rates of July 11, 2014
|US Dollar||Japanese Yen||1 USD = 101.240 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.073 CAD||1 CAD = 0.932 USD|
|US Dollar||Swiss Franc||1 USD = 0.892 CHF||1 CHF = 1.121 USD|
|US Dollar||Chinese Yuan||1 USD = 6.203 CNY||1 CNY = 0.161 USD|
|Euro||Japanese Yen||1 EUR = 137.790 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.795 GBP||1 GBP = 1.258 EUR|
|Euro||Australian Dollar||1 EUR = 1.448 AUD||1 AUD = 0.690 EUR|
|Euro||Canadian Dollar||1 EUR = 1.460 CAD||1 CAD = 0.685 EUR|
|Euro||Swiss Franc||1 EUR = 1.214 CHF||1 CHF = 0.824 EUR|
|Euro||Chinese Yuan||1 EUR = 8.440 CNY||1 CNY = 0.118 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.577 GBP||1 GBP = 1.734 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.050 AUD||1 AUD = 0.952 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.059 CAD||1 CAD = 0.944 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.880 CHF||1 CHF = 1.136 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.821 AUD||1 AUD = 0.549 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.837 CAD||1 CAD = 0.544 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.527 CHF||1 CHF = 0.655 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.611 CNY||1 CNY = 0.094 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.008 CAD||1 CAD = 0.992 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.838 CHF||1 CHF = 1.194 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.827 CNY||1 CNY = 0.172 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.830 CHF||1 CHF = 1.204 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.781 CNY||1 CNY = 0.173 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.953 CNY||1 CNY = 0.144 CHF|