Financial news on January 12, 2016

Business and Financial news
Automakers Go Electric, Even if Gas Is Cheap

Auto makers are hurrying to produce hybrid and electric vehicles to meet new federal increases in fuel-economy standards in 2017, even though vehicles comprise only 2 percent of sales; companies are spotlighting new models at North American International Auto Show despite falling gas prices. Read more..

By BILL VLASIC - The New York Times

Daily Report: One Grand Experiment Ends for a Facebook Co-Founder

The decision by Chris Hughes, a Facebook co-founder, to put The New Republic up for sale is a reminder of the unusual places Facebook money has ended up, with unusual outcomes. Read more..

By PUI-WING TAM - The New York Times

Golden Globes Reflect a New Trajectory for TV

USA cable network's first-year hit Mr Robot, which won Golden Globe for best television drama, is big achievement for NBC Universal's unit not known for critically lauded programming; series represents new sensibility for network. Read more..

By JOHN KOBLIN - The New York Times

In China, Shares Remain Volatile; Europe Markets Are Steady

The main Shanghai index fell 5.3 percent, the benchmark Shenzhen index ended the day down 6.6 percent and European bourses got off to a slow start. Read more..

By NEIL GOUGH - The New York Times

In Retreats, Start-Ups Find a Way to Recharge Workers’ Batteries

Start-up companies are finding that retreats are way to get employees to both relax and work harder; younger employees, especially, take to getaways and team-building exercises. Read more..

By MARTHA C. WHITE - The New York Times

John Maynard Keynes: Great Economist, Terrible Currency Trader

It’s really hard to make money in currency trading, as a look at the trading records of one of the 20th century’s greatest economists makes clear. Read more..

By NEIL IRWIN - The New York Times

Oil Prices Slide Again, and the Bottom Is Not Yet in Sight

Oil prices plunge to lowest level in 12 years, as commodities suffer; analysts forecast that plunge will continue. Read more..

By JAD MOUAWAD - The New York Times

‘Sesame Street’ Gets New Upscale Look for HBO Premiere

Oscar the Grouch has a recycling bin and Big Bird has moved to a tree as the children’s classic debuts on HBO, aiming at a generation that doesn’t distinguish between TV and mobile screens. Read more..

By EMILY STEEL - The New York Times

Shire-Baxalta Merger Will Create a Giant in Drugs for Rare Diseases

Irish drug firm Shire will pay $31 billion to acquire rival drug maker Baxalta; merger will create behemoth in treatment of rare diseases. Read more..

By LESLIE PICKER and CHAD BRAY - The New York Times

When Restless Billionaires Trip on Their Toys

Andrew Ross Sorkin DealBook column points out whimsy and shakiness of vanity projects by young billionaires, as exemplified by Facebook co-founder Chris Hughes's purchase and sale of The New Republic; contends it is likely more failures of fanciful investments and philanthropic gestures will follow. Read more..

By ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 100.55 100.69 98.84 99.96 49.2M
General Electric GE 28.76 28.88 28.34 28.64 47.7M
Pfizer PFE 31.38 31.50 30.72 31.00 38.8M
Microsoft MSFT 52.76 53.10 52.06 52.78 36.1M
Cisco Systems CSCO 25.51 25.57 25.03 25.35 30.1M
Wells Fargo & Co. WFC 50.88 51.52 50.45 51.36 29M
Intel INTC 32.76 32.89 32.27 32.68 28.6M
Facebook FB 99.00 99.96 97.55 99.37 28.4M
AT&T Inc. T 34.10 34.19 33.66 33.90 24.1M
JPMorgan Chase JPM 59.45 59.56 58.10 58.96 23M
ExxonMobil XOM 74.12 75.42 73.15 75.20 21.9M
Coca-Cola KO 42.30 42.45 41.87 42.12 21.8M
Oracle Corp. ORCL 35.32 35.55 34.99 35.37 18.5M
ConocoPhillips COP 41.87 42.04 39.13 40.25 16.8M
HP Inc. HPQ 10.76 10.89 10.57 10.82 16.6M
Verizon Communications VZ 45.24 45.25 44.53 44.93 15.1M
Chevron CVX 82.20 82.40 79.69 82.15 13.5M
General Motors GM 30.63 30.75 29.80 30.30 13.4M
Wal-Mart Stores WMT 64.38 64.73 63.43 63.62 12.2M
Merck MRK 51.51 52.07 50.98 51.76 11.3M
Visa V 74.52 75.00 74.02 74.76 10.2M
Schlumberger SLB 65.95 66.11 63.19 64.74 10.2M
Comcast CMCSA 54.62 55.43 54.37 54.87 9.95M
Gilead Sciences GILD 96.90 98.49 95.21 97.10 9.83M
Walt Disney & Co. DIS 100.97 101.85 100.34 101.46 8.86M
Procter & Gamble PG 77.00 77.02 75.75 76.51 8.77M
Bristol-Myers Squibb BMY 63.25 63.79 62.12 63.44 7.8M
United Technologies UTX 90.99 91.15 89.67 90.50 7.7M
Abbott Laboratories ABT 40.99 41.61 40.87 41.46 7.33M
Union Pacific UNP 75.51 76.46 74.38 76.27 6.99M
Johnson & Johnson JNJ 97.99 98.63 97.24 98.24 6.74M
Home Depot HD 126.78 128.80 125.83 127.49 5.7M
McDonald's MCD 117.03 117.74 116.17 117.44 5.64M
Altria MO 59.96 60.08 58.92 59.38 5.63M
Pepsico PEP 98.41 98.41 97.14 97.62 5.19M
International Business Machines IBM 133.65 133.78 131.13 132.90 5.08M
Amazon AMZN 625.25 625.99 612.24 617.89 4.72M
Berkshire Hathaway BRK.B 129.11 129.43 127.52 128.80 4.72M
Amgen AMGN 148.43 151.24 146.92 150.79 4.41M
Boeing BA 131.58 132.17 129.64 131.92 4.17M
UnitedHealth Group UNH 110.36 113.13 110.05 112.26 4.04M
3M MMM 141.36 142.15 139.13 140.86 2.36M
Alphabet GOOGL 740.75 748.34 736.43 745.34 2.34M
Exchange Rates of January 12, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.922 EUR 1 EUR = 1.085 USD
US Dollar Japanese Yen 1 USD = 117.727 JPY 1 JPY = 0.008 USD
US Dollar Pound Sterling 1 USD = 0.693 GBP 1 GBP = 1.443 USD
US Dollar Australian Dollar 1 USD = 1.433 AUD 1 AUD = 0.698 USD
US Dollar Canadian Dollar 1 USD = 1.427 CAD 1 CAD = 0.701 USD
US Dollar Swiss Franc 1 USD = 1.003 CHF 1 CHF = 0.998 USD
US Dollar Chinese Yuan 1 USD = 6.577 CNY 1 CNY = 0.152 USD
US Dollar Mexican Peso 1 USD = 17.894 MXN 1 MXN = 0.056 USD
US Dollar Swidish Krona 1 USD = 8.531 SEK 1 SEK = 0.117 USD
Euro Japanese Yen 1 EUR = 127.706 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.752 GBP 1 GBP = 1.330 EUR
Euro Australian Dollar 1 EUR = 1.555 AUD 1 AUD = 0.643 EUR
Euro Canadian Dollar 1 EUR = 1.548 CAD 1 CAD = 0.646 EUR
Euro Swiss Franc 1 EUR = 1.088 CHF 1 CHF = 0.920 EUR
Euro Chinese Yuan 1 EUR = 7.140 CNY 1 CNY = 0.140 EUR
Euro Mexican Peso 1 EUR = 19.404 MXN 1 MXN = 0.052 EUR
Euro Swidish Krona 1 EUR = 9.252 SEK 1 SEK = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.006 GBP 1 GBP = 169.492 JPY
Japanese Yen Australian Dollar 1 JPY = 0.012 AUD 1 AUD = 81.967 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.012 CAD 1 CAD = 82.645 JPY
Japanese Yen Swiss Franc 1 JPY = 0.009 CHF 1 CHF = 117.647 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.056 CNY 1 CNY = 17.921 JPY
Japanese Yen Mexican Peso 1 JPY = 0.152 MXN 1 MXN = 6.579 JPY
Japanese Yen Swidish Krona 1 JPY = 0.072 SEK 1 SEK = 13.812 JPY
Pound Sterling Australian Dollar 1 GBP = 2.068 AUD 1 AUD = 0.484 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.059 CAD 1 CAD = 0.486 GBP
Pound Sterling Swiss Franc 1 GBP = 1.446 CHF 1 CHF = 0.691 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.500 CNY 1 CNY = 0.105 GBP
Pound Sterling Mexican Peso 1 GBP = 25.807 MXN 1 MXN = 0.039 GBP
Pound Sterling Swidish Krona 1 GBP = 12.302 SEK 1 SEK = 0.081 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.995 CAD 1 CAD = 1.005 AUD
Australian Dollar Swiss Franc 1 AUD = 0.699 CHF 1 CHF = 1.430 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.594 CNY 1 CNY = 0.218 AUD
Australian Dollar Mexican Peso 1 AUD = 12.483 MXN 1 MXN = 0.080 AUD
Australian Dollar Swidish Krona 1 AUD = 5.947 SEK 1 SEK = 0.168 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.702 CHF 1 CHF = 1.424 CAD
Canadian Dollar Chinese Yuan 1 CAD = 4.611 CNY 1 CNY = 0.217 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.536 MXN 1 MXN = 0.080 CAD
Canadian Dollar Swidish Krona 1 CAD = 5.973 SEK 1 SEK = 0.167 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.561 CNY 1 CNY = 0.152 CHF
Swiss Franc Mexican Peso 1 CHF = 17.844 MXN 1 MXN = 0.056 CHF
Swiss Franc Swidish Krona 1 CHF = 8.507 SEK 1 SEK = 0.118 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.297 SEK 1 SEK = 0.771 CNY

See what else happened on January 12, 2016