Financial news on December 13, 2013

Business and Financial news
A Message That Tries to Blend In

Advertising column examines new effort from Hennessy that combines a traditional campaign in Vanity Fair with so-called native advertising, ads made to look like the magazine's editorial content. Read more..

By STUART ELLIOTT - The New York Times

As Sales Lag, VW Picks a New Leader for U.S.

Volkswagen, facing stagnating sales in United States even as rest of industry has surged, announces resignation of Jonathan Browning as chief executive of American division; Browning will be replaced by company stalwart Michael Horn. Read more..

By JACLYN TROP - The New York Times

A Stream of Music, Not Revenue

Streaming music services like Spotify, Pandora and iTunes Radio have begun delivering billions of hours of music to millions of consumers, indicating systemic change for the beleaguered music industry; yet even as they have grown, companies have yet to turn a profit, finding that most consumers are loathe to pay for their services. Read more..

By BEN SISARIO - The New York Times

Carla Cooper, Chief of Daymon Worldwide, on Setting the Right Course

Adam Bryant Corner Office column features interview with Carla Cooper, chief executive of private-brand development company Daymon Worldwide, who discusses her career and management technique. Read more..

By ADAM BRYANT - The New York Times

It’s Hard to Summon Sympathy for Big Banks

Floyd Norris High & Low finance column holds that flurry of massive fines for big banks, culminating in $13 billion penalty for JPMorgan Chase, indicates lasting suspicion following financial crisis; notes that banks have gone from being viewed as national champions to a potential source of national disaster. Read more..

By FLOYD NORRIS - The New York Times

Lululemon Posts a Profit, but Lowers Yearly Forecast

Yoga apparel maker Lululemon Athletica announces third-quarter earnings, lowering its yearly forecast and saying it expects same-store sales to be flat in fourth quarter; reports profit of $66.1 million, or 45 cents per share, up from $57 million on year earlier; revenue increased 20 percent in third-quarter, up to $379.9 million. Read more..

By ELIZABETH A. HARRIS - The New York Times

Markets Fall Again in ‘Taper Mania’ Over Fed

Stocks fall to their lowest level in a month as investors worry that end may be near for the Federal Reserve's support for the economy. Read more..

By THE ASSOCIATED PRESS - The New York Times

Regulator Leaves Loophole for Some Bankers to Avoid E.U. Bonus Caps

Some European bankers making more than 500,000 euros a year may be able to avoid caps on their bonus compensation under new draft rules. Read more..

By CHAD BRAY - The New York Times

‘S.N.L.’ to Add Black Female Performer

Saturday Night Live executive producer Lorne Michaels, responding to widespread criticism over glaring absence of black female cast member, holds special audition to find such a performer who will join cast beginning in January 2014. Read more..

By BILL CARTER - The New York Times

The Volkswagen XL1: A Possible View of Tomorrow

Although none of the plug-in diesel-electric hybrid cars will sell in the United States, VW’s innovative car may be a harbinger of things to come. Read more..

By BENJAMIN PRESTON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 51.66 53.50 51.34 53.32 82.6M
Cisco Systems CSCO 20.58 20.58 20.22 20.24 51.9M
Microsoft MSFT 37.42 37.45 36.62 36.69 40.1M
General Electric GE 26.59 26.94 26.51 26.84 39.8M
Pfizer PFE 30.44 30.48 29.95 30.25 26.1M
AT&T Inc. T 33.88 33.95 33.60 33.85 24.9M
Intel INTC 24.21 24.49 24.16 24.29 20.6M
Oracle Corp. ORCL 33.66 33.70 33.22 33.23 18.2M
General Motors GM 40.19 40.35 40.02 40.04 14.9M
Wells Fargo & Co. WFC 43.52 43.83 43.49 43.73 14.1M
Coca-Cola KO 39.47 39.64 39.21 39.23 14M
Altria MO 37.22 37.29 36.84 37.10 12.4M
Verizon Communications VZ 48.11 48.17 47.52 47.84 11.9M
Apple AAPL 562.85 562.88 553.67 554.43 11.9M
HP Inc. HPQ 26.67 26.88 26.29 26.77 11.8M
JPMorgan Chase JPM 56.37 56.56 56.04 56.17 11.5M
Comcast CMCSA 48.86 49.47 48.69 49.01 11.4M
Gilead Sciences GILD 71.21 71.62 70.14 71.40 11.3M
ExxonMobil XOM 95.13 95.92 94.66 95.31 10.6M
Merck MRK 48.74 48.90 48.06 48.38 8.4M
Johnson & Johnson JNJ 91.46 91.86 91.08 91.35 7.91M
Procter & Gamble PG 82.32 82.46 81.56 82.37 7.44M
Schlumberger SLB 87.38 87.51 85.85 86.37 6.09M
Home Depot HD 79.09 79.57 78.52 79.01 6.03M
Walt Disney & Co. DIS 69.90 70.13 69.28 69.62 5.78M
Bristol-Myers Squibb BMY 50.71 50.87 50.11 50.73 5.36M
Chevron CVX 120.44 121.14 119.38 119.90 5.27M
Wal-Mart Stores WMT 78.73 78.77 77.93 78.08 4.98M
UnitedHealth Group UNH 71.20 71.86 70.46 70.48 4.74M
Abbott Laboratories ABT 36.38 36.61 36.30 36.40 4.67M
ConocoPhillips COP 69.54 70.16 69.29 69.43 4.65M
United Technologies UTX 106.16 107.89 105.90 107.35 4.52M
Visa V 204.51 208.00 203.92 207.36 4.42M
Alphabet GOOGL 1075.40 1076.29 1057.88 1060.79 4.32M
International Business Machines IBM 173.52 174.38 172.73 172.80 4.18M
Pepsico PEP 81.53 81.84 80.85 80.93 3.8M
McDonald's MCD 94.19 94.62 94.05 94.44 3.28M
Boeing BA 133.45 134.25 133.14 133.83 3.14M
Amazon AMZN 385.32 389.42 383.80 384.24 3.02M
Berkshire Hathaway BRK.B 114.38 115.03 113.99 114.06 2.98M
Amgen AMGN 112.99 113.30 111.31 112.16 2.65M
3M MMM 126.65 127.35 125.98 126.43 1.74M
Union Pacific UNP 161.33 162.33 160.46 160.75 1.29M
Exchange Rates of December 13, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 103.210 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.058 CAD 1 CAD = 0.945 USD
US Dollar Swiss Franc 1 USD = 0.889 CHF 1 CHF = 1.125 USD
US Dollar Chinese Yuan 1 USD = 6.071 CNY 1 CNY = 0.165 USD
Euro Japanese Yen 1 EUR = 141.810 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.843 GBP 1 GBP = 1.186 EUR
Euro Australian Dollar 1 EUR = 1.532 AUD 1 AUD = 0.653 EUR
Euro Canadian Dollar 1 EUR = 1.454 CAD 1 CAD = 0.688 EUR
Euro Swiss Franc 1 EUR = 1.222 CHF 1 CHF = 0.819 EUR
Euro Chinese Yuan 1 EUR = 8.342 CNY 1 CNY = 0.120 EUR
Japanese Yen Pound Sterling 1 JPY = 0.594 GBP 1 GBP = 1.683 JPY
Japanese Yen Australian Dollar 1 JPY = 1.080 AUD 1 AUD = 0.926 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.025 CAD 1 CAD = 0.976 JPY
Japanese Yen Swiss Franc 1 JPY = 0.861 CHF 1 CHF = 1.161 JPY
Pound Sterling Australian Dollar 1 GBP = 1.818 AUD 1 AUD = 0.550 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.725 CAD 1 CAD = 0.580 GBP
Pound Sterling Swiss Franc 1 GBP = 1.449 CHF 1 CHF = 0.690 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.892 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.948 CAD 1 CAD = 1.055 AUD
Australian Dollar Swiss Franc 1 AUD = 0.797 CHF 1 CHF = 1.255 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.445 CNY 1 CNY = 0.184 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.840 CHF 1 CHF = 1.191 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.737 CNY 1 CNY = 0.174 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.827 CNY 1 CNY = 0.146 CHF

See what else happened on December 13, 2013