Financial news on August 13, 2013
Business and Financial news
Security agents at American airports have confiscated more than 800 guns from travelers so far in 2013, setting a pace that is likely to beat 2012 record of 1,556; nation's busiest airport Hartsfield-Jackson Atlanta International has dubious record of most gun seizures by Transportation Security Administration, with 67 to date. Read more..
Hotels, like the airlines, have begun to charge fees for services that used to be free, like having the bellhop carry bags to a guest's room; hotels in United States will collect estimated $2.1 billion in fees and surcharges in 2013, up from $2 billion in 2012. Read more..
Greece reports its gross domestic product shrank by 4.6 percent in second quarter, but slower pace of contraction provides glimmer of hope. Read more..
In China, retail vendors selling food online have experienced a jump in growth as an expanding middle class tries to avoid contaminated food after a series of safety scares. Read more..
My previous practice had been to hand out bonuses when I felt “rich and happy.” But that seemed arbitrary. Read more..
Advertising column; Kraft Foods Group is introducing line of meal-starters with campaign that features celebrity chefs Rocco DiSpirito and Carla Hall and catch line it hopes will resonate with the young. Read more..
United Mine Workers of America, nation's biggest miners' union, and Patriot Coal reach potential settlement that the union claims eases the severity of wage and benefits cuts a bankruptcy judge had allowed the company to impose. Read more..
Nathan Hubbard may be removed as early as this week as part of a revamping of Ticketmaster, according to people with knowledge of the situation. Read more..
Securities and Exchange Commission filing states that Arthur O Sulzberger Jr, chairman of The New York Times Company, sold 50,000 shares of his publicly traded stock at $12 a share, day after declaring that the family-owned newspaper is not for sale. Read more..
Commodity Futures Trading Commission issues subpoenas to Goldman Sachs and owners of other major warehouses as part of its inquiry into irregularities in aluminum market that are believed to have cost consumers billions of dollars since 2010. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||43.25||43.36||43.06||43.32||12.7M|
|Johnson & Johnson||JNJ||91.89||93.35||91.76||93.01||10.1M|
|Walt Disney & Co.||DIS||64.26||64.26||63.41||63.98||6.03M|
|Procter & Gamble||PG||81.78||81.99||81.33||81.66||4.94M|
|International Business Machines||IBM||189.54||189.99||187.56||188.42||3.54M|
Exchange Rates of August 13, 2013
|US Dollar||Japanese Yen||1 USD = 98.230 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.034 CAD||1 CAD = 0.967 USD|
|US Dollar||Swiss Franc||1 USD = 0.933 CHF||1 CHF = 1.072 USD|
|US Dollar||Chinese Yuan||1 USD = 6.122 CNY||1 CNY = 0.163 USD|
|Euro||Japanese Yen||1 EUR = 130.246 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.858 GBP||1 GBP = 1.165 EUR|
|Euro||Australian Dollar||1 EUR = 1.457 AUD||1 AUD = 0.686 EUR|
|Euro||Canadian Dollar||1 EUR = 1.372 CAD||1 CAD = 0.729 EUR|
|Euro||Swiss Franc||1 EUR = 1.237 CHF||1 CHF = 0.808 EUR|
|Euro||Chinese Yuan||1 EUR = 8.117 CNY||1 CNY = 0.123 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.659 GBP||1 GBP = 1.518 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.118 AUD||1 AUD = 0.895 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.052 CAD||1 CAD = 0.950 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.950 CHF||1 CHF = 1.053 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.697 AUD||1 AUD = 0.589 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.598 CAD||1 CAD = 0.626 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.441 CHF||1 CHF = 0.694 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.455 CNY||1 CNY = 0.106 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.941 CAD||1 CAD = 1.062 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.849 CHF||1 CHF = 1.178 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.570 CNY||1 CNY = 0.180 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.902 CHF||1 CHF = 1.109 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.917 CNY||1 CNY = 0.169 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.560 CNY||1 CNY = 0.152 CHF|