Financial news on December 12, 2016

Business and Financial news
A Retirement Plan With Less Golf but More Satisfaction

What if you flip your goals? What if you decide to do work that makes you happy now instead of waiting to retire so you can be happy later? Read more..

By CARL RICHARDS - The New York Times

CBS-Viacom Reunion? Redstones May Seek a Better Deal

Three months ago National Amusements — the investment vehicle for the family — suggested that the companies get together again after 10 years apart. Read more..

By JENNIFER SABA - The New York Times

Daily Report: Google’s Largess Reaches Into the Heartland Unevenly

The company’s data centers bring tax revenue, jobs and other benefits to their communities, but the wealth doesn’t extend very far beyond their borders. Read more..

By PUI-WING TAM - The New York Times

Designing a Safer Battery for Smartphones (That Won’t Catch Fire)

Mike Zimmerman and his start-up Ionic Materials are designing solid lithium polymer battery, safer alternative to flammable lithium-ion variety widely used in electronic products like recalled Samsung smartphone; says company is close to prototype and thinks it will be on market within two years; firm is one of many hoping to profit by developing new battery technology for next wave of small computing devices. Read more..

By JOHN MARKOFF - The New York Times

Goldman President Named Trump Adviser, Opening Door for Younger Executives

Departure of Goldman Sachs chief executive Gary D Cohn, who is leaving to become director of Trump's National Economic Council, opens speculation on who will fill his shoes and how management hierarchy at Wall Street firm will change. Read more..

By NATHANIEL POPPER - The New York Times

Morning Agenda: Overseas Landlords, Twinkie Riches, Wells Fargo Accusations

Wealthy Chinese investors have long been snapping up properties around the world, but new technology is allowing small-timers to get in on the game too. Read more..

By AMIE TSANG - The New York Times

Philips to Sell Majority Stake in Lumileds After Earlier Deal Scrapped

The Dutch electronics giant will sell a controlling stake in its automotive and LED components business to affiliates of Apollo Global Management for $1.5 billion. Read more..

By CHAD BRAY - The New York Times

RICO Charge in Pharmaceutical Case May Signal Tougher Tactics

The Justice Department’s use of an anti-racketeering law in a health care fraud case might portend more aggressive crackdowns on executives. Read more..

By PETER J. HENNING - The New York Times

The Two Faces of Windows 10

Microsoft’s current operating system can switch back and forth between a touch-friendly interface or the traditional desktop system. Read more..

By J. D. BIERSDORFER - The New York Times

Twitter Reinstates Richard Spencer, White Nationalist Leader

Mr. Spencer’s social media account had been suspended in November because it violated Twitter’s rules on multiple accounts with overlapping uses. Read more..

By NIRAJ CHOKSHI - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 31.70 32.65 31.66 32.40 32.3M
AT&T Inc. T 40.56 41.36 40.53 41.12 31.9M
General Electric GE 31.67 31.99 31.66 31.86 31M
Wells Fargo & Co. WFC 56.50 57.10 55.55 55.78 27.9M
Apple AAPL 113.29 115.00 112.49 113.30 26.4M
Intel INTC 35.78 36.09 35.67 35.97 22M
Microsoft MSFT 61.82 62.30 61.72 62.17 20.2M
Facebook FB 119.22 119.24 117.65 117.77 17.8M
Coca-Cola KO 42.00 42.01 41.72 41.90 17.6M
Cisco Systems CSCO 30.08 30.20 30.03 30.17 17.3M
Verizon Communications VZ 51.54 52.43 51.48 51.76 16.2M
General Motors GM 37.51 37.74 37.01 37.10 15.6M
ExxonMobil XOM 90.14 91.50 90.14 90.98 15.5M
JPMorgan Chase JPM 85.36 85.79 84.29 84.73 14.5M
HP Inc. HPQ 15.41 15.84 15.41 15.83 12.7M
Visa V 78.99 79.03 77.92 78.50 11.9M
Oracle Corp. ORCL 40.35 40.70 40.35 40.51 10.9M
ConocoPhillips COP 52.16 53.10 51.27 51.38 10.7M
Chevron CVX 117.77 118.99 116.57 117.15 10M
Johnson & Johnson JNJ 112.69 115.40 112.58 115.36 9.54M
Gilead Sciences GILD 72.56 73.68 72.13 73.47 9.48M
Wal-Mart Stores WMT 70.07 71.78 70.02 71.67 9.08M
Bristol-Myers Squibb BMY 56.83 56.97 56.40 56.55 8.83M
Merck MRK 61.44 62.10 61.30 61.72 8.25M
Schlumberger SLB 86.09 86.82 84.67 85.01 8.23M
Walt Disney & Co. DIS 104.61 104.70 103.73 104.06 7.88M
Abbott Laboratories ABT 39.20 39.51 39.06 39.20 7.77M
Procter & Gamble PG 84.21 85.18 84.21 85.13 7.49M
Comcast CMCSA 69.03 69.28 68.51 69.00 7.48M
Berkshire Hathaway BRK.B 164.65 166.64 164.35 166.12 6.76M
Home Depot HD 133.13 134.66 133.13 134.58 6.28M
Altria MO 66.30 66.78 66.20 66.49 5.59M
Pepsico PEP 103.82 104.87 103.67 104.72 4.86M
United Technologies UTX 109.42 110.50 108.79 110.39 4.48M
Boeing BA 156.00 158.00 154.30 157.16 4.25M
McDonald's MCD 121.57 122.25 121.26 121.74 4.17M
Union Pacific UNP 105.33 105.33 102.91 104.32 4.14M
UnitedHealth Group UNH 158.83 159.66 157.75 159.49 3.47M
International Business Machines IBM 166.72 166.79 165.07 165.50 3.39M
Amgen AMGN 142.92 146.04 142.79 145.76 3.31M
Amazon AMZN 766.40 766.89 757.20 760.12 2.96M
3M MMM 178.25 179.81 177.57 179.64 2.3M
Alphabet GOOGL 804.82 811.35 804.53 807.90 1.63M
Exchange Rates of December 12, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.940 EUR 1 EUR = 1.064 USD
US Dollar Japanese Yen 1 USD = 114.841 JPY 1 JPY = 0.009 USD
US Dollar Pound Sterling 1 USD = 0.789 GBP 1 GBP = 1.268 USD
US Dollar Australian Dollar 1 USD = 1.334 AUD 1 AUD = 0.750 USD
US Dollar Canadian Dollar 1 USD = 1.313 CAD 1 CAD = 0.762 USD
US Dollar Swiss Franc 1 USD = 1.013 CHF 1 CHF = 0.987 USD
US Dollar Chinese Yuan 1 USD = 6.904 CNY 1 CNY = 0.145 USD
US Dollar Mexican Peso 1 USD = 20.190 MXN 1 MXN = 0.050 USD
US Dollar Swidish Krona 1 USD = 9.159 SEK 1 SEK = 0.109 USD
Euro Japanese Yen 1 EUR = 122.191 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.839 GBP 1 GBP = 1.192 EUR
Euro Australian Dollar 1 EUR = 1.419 AUD 1 AUD = 0.705 EUR
Euro Canadian Dollar 1 EUR = 1.397 CAD 1 CAD = 0.716 EUR
Euro Swiss Franc 1 EUR = 1.078 CHF 1 CHF = 0.928 EUR
Euro Chinese Yuan 1 EUR = 7.346 CNY 1 CNY = 0.136 EUR
Euro Mexican Peso 1 EUR = 21.484 MXN 1 MXN = 0.047 EUR
Euro Swidish Krona 1 EUR = 9.743 SEK 1 SEK = 0.103 EUR
Japanese Yen Pound Sterling 1 JPY = 0.007 GBP 1 GBP = 144.928 JPY
Japanese Yen Australian Dollar 1 JPY = 0.012 AUD 1 AUD = 86.207 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.011 CAD 1 CAD = 87.719 JPY
Japanese Yen Swiss Franc 1 JPY = 0.009 CHF 1 CHF = 113.636 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.060 CNY 1 CNY = 16.639 JPY
Japanese Yen Mexican Peso 1 JPY = 0.176 MXN 1 MXN = 5.675 JPY
Japanese Yen Swidish Krona 1 JPY = 0.080 SEK 1 SEK = 12.547 JPY
Pound Sterling Australian Dollar 1 GBP = 1.691 AUD 1 AUD = 0.591 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.665 CAD 1 CAD = 0.601 GBP
Pound Sterling Swiss Franc 1 GBP = 1.285 CHF 1 CHF = 0.778 GBP
Pound Sterling Chinese Yuan 1 GBP = 8.759 CNY 1 CNY = 0.114 GBP
Pound Sterling Mexican Peso 1 GBP = 25.663 MXN 1 MXN = 0.039 GBP
Pound Sterling Swidish Krona 1 GBP = 11.614 SEK 1 SEK = 0.086 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.984 CAD 1 CAD = 1.016 AUD
Australian Dollar Swiss Franc 1 AUD = 0.760 CHF 1 CHF = 1.317 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.180 CNY 1 CNY = 0.193 AUD
Australian Dollar Mexican Peso 1 AUD = 15.176 MXN 1 MXN = 0.066 AUD
Australian Dollar Swidish Krona 1 AUD = 6.856 SEK 1 SEK = 0.146 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.772 CHF 1 CHF = 1.296 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.261 CNY 1 CNY = 0.190 CAD
Canadian Dollar Mexican Peso 1 CAD = 15.413 MXN 1 MXN = 0.065 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.973 SEK 1 SEK = 0.143 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.816 CNY 1 CNY = 0.147 CHF
Swiss Franc Mexican Peso 1 CHF = 19.975 MXN 1 MXN = 0.050 CHF
Swiss Franc Swidish Krona 1 CHF = 9.034 SEK 1 SEK = 0.111 CHF

See what else happened on December 12, 2016