Financial news on January 13, 2016

Business and Financial news
A Conversation With Moshe Shuster

Vivian Marino 30-Minute Interview with VRE Development president and founder Moshe Shuster; VRE, which does business as Victor Group, has number of condominium developments in Manhattan. Read more..

By VIVIAN MARINO - The New York Times

‘Bellwether’ G.M. Trial Opens Over Defect Claim

General Motors strongly questions veracity of story of man who was injured in 2014 crash and is suing company; civil trial is first of six 'bellwether' cases regarding defective ignition switches in many of company's vehicles. Read more..

By DANIELLE IVORY - The New York Times

California Beach City Enlists Private Partner to Rejuvenate Pier

Redondo Beach, Calif, is working with developer CenterCal Properties on $250 million, 35-acre redevelopment project geared toward making city destination that will vie with its beach city neighbors. Read more..

By LAUREN HERSTIK - The New York Times

California Rejects VW’s Diesel Recall Plan

California Air Resources Board rejects Volkswagen's proposal to fix its diesel engines, on which company used so-called defeat device to cheat diesel emissions tests, underscoring regulator's frustration with automaker's recall plan. Read more..

By JAD MOUAWAD - The New York Times

Daily Report: The Netflix-Amazon Connection

Which giant tech company does Netflix most take after? For some, the answer is Amazon. Read more..

By PUI-WING TAM - The New York Times

MetLife Weighs Split of Retail Business

MetLife announces it may spin off its retail life and annuity business in United States due to regulations put in place after insurer was deemed systemically important nonbank financial institution by Financial Stability Oversight Council. Read more..

By LIZ MOYER - The New York Times

New Corporate Raider Enters Picture, With Eye on a Sale of Ally

Hedge fund Lion Point Capital is calling for changes at Ally Financial, joining small group of activist investors who are trying to change practices at national, deposit-taking bank; efforts suggests activism will soon spread to other large institutions with lagging share prices, but also emphasizes obstacles activists face. Read more..

By MICHAEL CORKERY and LESLIE PICKER - The New York Times

Republican Candidates Grapple With a Touchy Topic: Poverty

Eduardo Porter Economic Scene column assesses convention held in South Carolina for Republican presidential candidates to discuss issue of poverty; notes conservatives believe poverty is largely fault of government, despite lack of evidence for their views. Read more..

By EDUARDO PORTER - The New York Times

The Zappos Exodus Continues After a Radical Management Experiment

The departure of employees from the online shoe seller Zappos is continuing after the company adopted the radical self-management system Holacracy. Read more..

By DAVID GELLES - The New York Times

Volvo Makes a Comeback, With a Detour Through China

Volvo unveils new sedan and wins recognition for its first sports utility vehicle at annual North American International Auto Show in Detroit, illustrating how soaring demand is helping even smaller auto companies thrive. Read more..

By MARY M. CHAPMAN and BILL VLASIC - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 53.80 54.07 51.30 51.64 66.9M
Apple AAPL 100.32 101.19 97.30 97.39 62.4M
General Electric GE 28.91 29.06 28.20 28.24 55.7M
Pfizer PFE 31.09 31.28 30.27 30.37 40.6M
AT&T Inc. T 34.01 34.30 33.73 33.74 40.2M
Intel INTC 32.76 32.93 31.83 31.91 34.4M
Cisco Systems CSCO 25.42 25.52 24.57 24.60 33.4M
Facebook FB 100.58 100.58 95.21 95.44 33.4M
General Motors GM 31.83 31.90 30.09 30.49 31.6M
HP Inc. HPQ 10.83 10.93 10.44 10.58 29.8M
JPMorgan Chase JPM 59.46 59.68 56.91 57.34 28.8M
Oracle Corp. ORCL 35.19 35.40 33.87 34.08 28.3M
ExxonMobil XOM 75.85 77.06 74.94 75.65 26.1M
Wells Fargo & Co. WFC 51.73 51.80 49.50 49.73 22M
Verizon Communications VZ 45.11 45.27 44.08 44.15 19.3M
ConocoPhillips COP 40.75 41.79 38.87 39.00 19M
Coca-Cola KO 42.17 42.57 41.79 41.85 16.9M
Merck MRK 51.91 52.06 50.58 50.66 16.5M
Comcast CMCSA 55.45 55.49 53.44 53.55 16.1M
Chevron CVX 83.16 84.25 80.01 81.33 15.6M
Wal-Mart Stores WMT 63.73 63.73 61.83 61.92 13.7M
Schlumberger SLB 65.60 66.35 63.51 63.95 12.7M
Visa V 75.27 75.39 72.99 73.10 12.7M
Gilead Sciences GILD 97.25 98.03 92.12 92.54 12.1M
Walt Disney & Co. DIS 101.88 101.88 98.12 98.48 11.6M
Bristol-Myers Squibb BMY 63.60 64.48 61.19 61.28 9.71M
Procter & Gamble PG 76.97 76.99 75.79 75.85 9.31M
Home Depot HD 127.47 127.47 120.97 121.40 8.93M
Union Pacific UNP 76.20 76.84 73.21 73.85 8.62M
United Technologies UTX 90.67 90.67 88.41 88.83 8.59M
Johnson & Johnson JNJ 98.49 98.98 96.84 97.02 8.29M
Altria MO 59.35 59.35 57.70 57.78 7.71M
Amazon AMZN 620.88 620.88 579.16 581.81 7.66M
McDonald's MCD 117.69 117.87 115.08 115.12 6.99M
Berkshire Hathaway BRK.B 128.97 129.38 125.71 126.25 6.04M
Abbott Laboratories ABT 41.48 41.69 40.16 40.28 5.75M
Pepsico PEP 97.47 97.94 96.35 96.50 5.16M
Boeing BA 132.70 132.88 127.75 128.12 5.07M
International Business Machines IBM 133.50 134.28 131.10 131.17 4.7M
Amgen AMGN 151.14 152.83 145.28 145.46 3.98M
UnitedHealth Group UNH 112.41 113.04 108.93 109.23 3.43M
3M MMM 140.89 142.19 138.54 138.72 2.6M
Alphabet GOOGL 749.34 753.00 716.78 719.57 2.59M
Exchange Rates of January 13, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.919 EUR 1 EUR = 1.088 USD
US Dollar Japanese Yen 1 USD = 117.630 JPY 1 JPY = 0.009 USD
US Dollar Pound Sterling 1 USD = 0.694 GBP 1 GBP = 1.442 USD
US Dollar Australian Dollar 1 USD = 1.438 AUD 1 AUD = 0.696 USD
US Dollar Canadian Dollar 1 USD = 1.434 CAD 1 CAD = 0.697 USD
US Dollar Swiss Franc 1 USD = 1.006 CHF 1 CHF = 0.994 USD
US Dollar Chinese Yuan 1 USD = 6.574 CNY 1 CNY = 0.152 USD
US Dollar Mexican Peso 1 USD = 17.929 MXN 1 MXN = 0.056 USD
US Dollar Swidish Krona 1 USD = 8.524 SEK 1 SEK = 0.117 USD
Euro Japanese Yen 1 EUR = 128.003 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.755 GBP 1 GBP = 1.325 EUR
Euro Australian Dollar 1 EUR = 1.564 AUD 1 AUD = 0.639 EUR
Euro Canadian Dollar 1 EUR = 1.561 CAD 1 CAD = 0.641 EUR
Euro Swiss Franc 1 EUR = 1.095 CHF 1 CHF = 0.913 EUR
Euro Chinese Yuan 1 EUR = 7.153 CNY 1 CNY = 0.140 EUR
Euro Mexican Peso 1 EUR = 19.507 MXN 1 MXN = 0.051 EUR
Euro Swidish Krona 1 EUR = 9.277 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 = 81.967 JPY
Japanese Yen Swiss Franc 1 JPY = 0.009 CHF 1 CHF = 116.279 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 = 6.562 JPY
Japanese Yen Swidish Krona 1 JPY = 0.072 SEK 1 SEK = 13.812 JPY
Pound Sterling Australian Dollar 1 GBP = 2.072 AUD 1 AUD = 0.483 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.068 CAD 1 CAD = 0.484 GBP
Pound Sterling Swiss Franc 1 GBP = 1.451 CHF 1 CHF = 0.689 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.481 CNY 1 CNY = 0.105 GBP
Pound Sterling Mexican Peso 1 GBP = 25.837 MXN 1 MXN = 0.039 GBP
Pound Sterling Swidish Krona 1 GBP = 12.285 SEK 1 SEK = 0.081 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.998 CAD 1 CAD = 1.002 AUD
Australian Dollar Swiss Franc 1 AUD = 0.700 CHF 1 CHF = 1.429 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.574 CNY 1 CNY = 0.219 AUD
Australian Dollar Mexican Peso 1 AUD = 12.480 MXN 1 MXN = 0.080 AUD
Australian Dollar Swidish Krona 1 AUD = 5.927 SEK 1 SEK = 0.169 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.701 CHF 1 CHF = 1.426 CAD
Canadian Dollar Chinese Yuan 1 CAD = 4.582 CNY 1 CNY = 0.218 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.502 MXN 1 MXN = 0.080 CAD
Canadian Dollar Swidish Krona 1 CAD = 5.940 SEK 1 SEK = 0.168 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.532 CNY 1 CNY = 0.153 CHF
Swiss Franc Mexican Peso 1 CHF = 17.824 MXN 1 MXN = 0.056 CHF
Swiss Franc Swidish Krona 1 CHF = 8.471 SEK 1 SEK = 0.118 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.294 SEK 1 SEK = 0.773 CNY

See what else happened on January 13, 2016