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

StockTicker symbolOpenHighLowCloseVolume
AT&T Inc.T40,5641,3640,5341,1231.9M
General ElectricGE31,6731,9931,6631,8631M
Wells Fargo & Co.WFC56,5057,1055,5555,7827.9M
Cisco SystemsCSCO30,0830,2030,0330,1717.3M
Verizon CommunicationsVZ51,5452,4351,4851,7616.2M
General MotorsGM37,5137,7437,0137,1015.6M
JPMorgan ChaseJPM85,3685,7984,2984,7314.5M
HP Inc.HPQ15,4115,8415,4115,8312.7M
Oracle Corp.ORCL40,3540,7040,3540,5110.9M
Johnson & JohnsonJNJ112,69115,40112,58115,369.54M
Gilead SciencesGILD72,5673,6872,1373,479.48M
Wal-Mart StoresWMT70,0771,7870,0271,679.08M
Bristol-Myers SquibbBMY56,8356,9756,4056,558.83M
Walt Disney & Co.DIS104,61104,70103,73104,067.88M
Abbott LaboratoriesABT39,2039,5139,0639,207.77M
Procter & GamblePG84,2185,1884,2185,137.49M
Berkshire HathawayBRK.B164,65166,64164,35166,126.76M
Home DepotHD133,13134,66133,13134,586.28M
United TechnologiesUTX109,42110,50108,79110,394.48M
Union PacificUNP105,33105,33102,91104,324.14M
UnitedHealth GroupUNH158,83159,66157,75159,493.47M
International Business MachinesIBM166,72166,79165,07165,503.39M
Exchange Rates of December 12, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0,940 EUR1 EUR = 1,064 USD
US DollarJapanese Yen1 USD = 114,841 JPY1 JPY = 0,009 USD
US DollarPound Sterling1 USD = 0,789 GBP1 GBP = 1,268 USD
US DollarAustralian Dollar1 USD = 1,334 AUD1 AUD = 0,750 USD
US DollarCanadian Dollar1 USD = 1,313 CAD1 CAD = 0,762 USD
US DollarSwiss Franc1 USD = 1,013 CHF1 CHF = 0,987 USD
US DollarChinese Yuan1 USD = 6,904 CNY1 CNY = 0,145 USD
US DollarMexican Peso1 USD = 20,190 MXN1 MXN = 0,050 USD
US DollarSwidish Krona1 USD = 9,159 SEK1 SEK = 0,109 USD
EuroJapanese Yen1 EUR = 122,191 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,839 GBP1 GBP = 1,192 EUR
EuroAustralian Dollar1 EUR = 1,419 AUD1 AUD = 0,705 EUR
EuroCanadian Dollar1 EUR = 1,397 CAD1 CAD = 0,716 EUR
EuroSwiss Franc1 EUR = 1,078 CHF1 CHF = 0,928 EUR
EuroChinese Yuan1 EUR = 7,346 CNY1 CNY = 0,136 EUR
EuroMexican Peso1 EUR = 21,484 MXN1 MXN = 0,047 EUR
EuroSwidish Krona1 EUR = 9,743 SEK1 SEK = 0,103 EUR
Japanese YenPound Sterling1 JPY = 0,007 GBP1 GBP = 144,928 JPY
Japanese YenAustralian Dollar1 JPY = 0,012 AUD1 AUD = 86,207 JPY
Japanese YenCanadian Dollar1 JPY = 0,011 CAD1 CAD = 87,719 JPY
Japanese YenSwiss Franc1 JPY = 0,009 CHF1 CHF = 113,636 JPY
Japanese YenChinese Yuan1 JPY = 0,060 CNY1 CNY = 16,639 JPY
Japanese YenMexican Peso1 JPY = 0,176 MXN1 MXN = 5,675 JPY
Japanese YenSwidish Krona1 JPY = 0,080 SEK1 SEK = 12,547 JPY
Pound SterlingAustralian Dollar1 GBP = 1,691 AUD1 AUD = 0,591 GBP
Pound SterlingCanadian Dollar1 GBP = 1,665 CAD1 CAD = 0,601 GBP
Pound SterlingSwiss Franc1 GBP = 1,285 CHF1 CHF = 0,778 GBP
Pound SterlingChinese Yuan1 GBP = 8,759 CNY1 CNY = 0,114 GBP
Pound SterlingMexican Peso1 GBP = 25,663 MXN1 MXN = 0,039 GBP
Pound SterlingSwidish Krona1 GBP = 11,614 SEK1 SEK = 0,086 GBP
Australian DollarCanadian Dollar1 AUD = 0,984 CAD1 CAD = 1,016 AUD
Australian DollarSwiss Franc1 AUD = 0,760 CHF1 CHF = 1,317 AUD
Australian DollarChinese Yuan1 AUD = 5,180 CNY1 CNY = 0,193 AUD
Australian DollarMexican Peso1 AUD = 15,176 MXN1 MXN = 0,066 AUD
Australian DollarSwidish Krona1 AUD = 6,856 SEK1 SEK = 0,146 AUD
Canadian DollarSwiss Franc1 CAD = 0,772 CHF1 CHF = 1,296 CAD
Canadian DollarChinese Yuan1 CAD = 5,261 CNY1 CNY = 0,190 CAD
Canadian DollarMexican Peso1 CAD = 15,413 MXN1 MXN = 0,065 CAD
Canadian DollarSwidish Krona1 CAD = 6,973 SEK1 SEK = 0,143 CAD
Swiss FrancChinese Yuan1 CHF = 6,816 CNY1 CNY = 0,147 CHF
Swiss FrancMexican Peso1 CHF = 19,975 MXN1 MXN = 0,050 CHF
Swiss FrancSwidish Krona1 CHF = 9,034 SEK1 SEK = 0,111 CHF

See what else happened on December 12, 2016