Financial news on June 12, 2012
Business and Financial news
A campaign for Cape Cod kettle-cooked chips is called the first for the brand that includes television and social media. Read more..
June 12, 2012 - A battery breakthrough for electric cars... perhaps. Read more..
A battery breakthrough for electric cars... perhaps. | Europe struggles to keep contagion out of Italy. | Hopes for job creation, in Ohio's pottery industry. Read more..
International Air Transport Assn nearly doubles its forecast of European airline losses in 2012 to $1.1 billion, and says the worldwide aviation industry will make a total profit of $3 billion on revenue of $631 billion, a 0.5 percent margin, due to high fuel prices; notes American and Asian airlines should profit. Read more..
Starbucks hires the American Mug and Stein Co in East Liverpool, Ohio, to make its new line of coffee mugs; factory's production keeps four people employed and creates eight new jobs; money from the sale of the mugs and other merchandise will go to support Starbuck's Create Jobs for USA Fund, which helps small businesses. Read more..
French Publishers Association and the Societe des Gens de Lettres drop lawsuits in which they contended Google’s book-scanning in France violated copyright law; say they will offer digital versions of their works for Google to sell. Read more..
June 12, 2012 - Hopes for job creation, in Ohio's pottery industry. Read more..
Market enthusiasm over the Spanish bank bailout fades quickly; stocks in the United States and Europe fall and borrowing costs soar for some of the euro zone’s most indebted members. Read more..
While investors' confidence in European leaders' ability to stem the debt crisis ebbs by the day, the redesign under discussion to strengthen the currency's foundations will take months, if not years. Read more..
Concerns are growing that Italy could be the next victim of Europe's financial infection, leading nervous investors to sell Italian stocks and bonds and dampening euphoria over deal to bail out Spain's banks; main fear is that Italy cannot grow its way out of a recession fast enough to pay a mountainous national debt, and that as the third-largest euro zone economy after Germany and France, Italy will have to shoulder a large portion of the bailout bill even as it grapples with its own sharp economic downturn. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||31.12||31.38||30.34||31.30||32.4M|
|Johnson & Johnson||JNJ||62.16||63.27||61.83||63.08||26.7M|
|Procter & Gamble||PG||62.50||62.77||62.21||62.76||7.81M|
|Walt Disney & Co.||DIS||45.75||46.41||45.58||46.38||7.74M|
|International Business Machines||IBM||192.14||194.67||192.14||194.55||3.02M|
Exchange Rates of June 12, 2012
|US Dollar||Japanese Yen||1 USD = 79.560 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.026 CAD||1 CAD = 0.975 USD|
|US Dollar||Swiss Franc||1 USD = 0.960 CHF||1 CHF = 1.041 USD|
|US Dollar||Chinese Yuan||1 USD = 6.371 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 99.482 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.803 GBP||1 GBP = 1.245 EUR|
|Euro||Australian Dollar||1 EUR = 1.256 AUD||1 AUD = 0.796 EUR|
|Euro||Canadian Dollar||1 EUR = 1.283 CAD||1 CAD = 0.780 EUR|
|Euro||Swiss Franc||1 EUR = 1.201 CHF||1 CHF = 0.833 EUR|
|Euro||Chinese Yuan||1 EUR = 7.968 CNY||1 CNY = 0.126 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.807 GBP||1 GBP = 1.239 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.262 AUD||1 AUD = 0.793 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.289 CAD||1 CAD = 0.776 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.207 CHF||1 CHF = 0.829 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.564 AUD||1 AUD = 0.639 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.597 CAD||1 CAD = 0.626 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.495 CHF||1 CHF = 0.669 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.926 CNY||1 CNY = 0.101 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.021 CAD||1 CAD = 0.980 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.956 CHF||1 CHF = 1.047 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.334 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.936 CHF||1 CHF = 1.069 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.211 CNY||1 CNY = 0.161 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.634 CNY||1 CNY = 0.151 CHF|