Financial news on June 13th, 2012

Business and Financial news
After Rapes, Skout App Bans Minors

June 13, 2012 - A flirting app is rocked by child rape cases. Read more..

Nadia Sussman, Pedro Rosado and Channon Hodge - The New York Times

Denials Over Google Street View

Google releases documents related to a federal investigation of its Street View mapping project; documents include sworn declarations from what appear to be engineers saying they were not aware of unauthorized data collection gathered from wireless networks as specially equipped cars passed through neighborhoods. Read more..

By EDWARD WYATT - The New York Times

European Central Bank Endorses a Banking Union

European Central Bank calls for euro zone leaders to form a 'banking union' alliance to oversee its large financial institutions in a move that would help shield countries and their citizens from the misfortunes of troubled lenders. Read more..

By JACK EWING - The New York Times

Getting Out of a Rut With Help From Schick

Andrew Adam Newman Advertising column; Clean Break reality series sponsored by Schick Hydro razor is taking the unusual step of neither mentioning nor showing the product, referring to the brand only with occasional 'Presented by Schick Hydro' messages. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Import Prices Fell 1% in May, as Food and Energy Costs Ebbed

Against the backdrop of a sputtering recovery, economists said benign inflation gave the Federal Reserve room to ease further at its policy meeting next week. Read more..

By REUTERS - The New York Times

Jamie Dimon's Fall

June 13, 2012 - Jamie Dimon's fall from being 'America's Banker.' Read more..

Channon Hodge - The New York Times

Kelly Kennedy Mack

Vivian Marino 30-Minute Interview with Corcoran Sunshine Marketing Group president Kelly Kennedy Mack; company specializes in the marketing, sales and planning of luxury residential developments. Read more..

By VIVIAN MARINO - The New York Times

Spanish Borrowing Costs Soar, Calling Bailout Into Question

The deal, a limited rescue of Spain's banking sector, has raised hopes in other troubled euro countries of making similar deals. Read more..

By DAVID JOLLY and STEPHEN CASTLE - International Herald Tribune

U.S. Penalizes Online Company in Sale of Personal Data

Federal Trade Commission fines data collection company Spokeo $800,000, claiming that it violated federal law in how it compiled and sold people's personal information for use by potential employers to screen job applicants on its Web site; action is the FTC's first case addressing the sale of Internet and social media data for use in employment screening. Read more..

By EDWARD WYATT - The New York Times

Wall Street Is Lifted by Speculation That the Federal Reserve Will Act to Spur the Economy

Stocks advance, rebounding amid speculation the Federal Reserve will act to stimulate the economy and after the European Central Bank endorses its plan to guarantee bank deposits. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Johnson & JohnsonJNJ64,2464,7063,1864,4598.4M
JPMorgan ChaseJPM33,6935,0733,6334,3072.5M
General ElectricGE19,2519,5419,2019,3740.2M
Cisco SystemsCSCO16,7416,8516,5616,6639.1M
Wells Fargo & Co.WFC31,2631,9731,1531,5830.2M
AT&T Inc.T34,9435,0634,7234,9826.5M
Oracle Corp.ORCL26,8827,3826,7927,0219.6M
Home DepotHD51,7851,9050,8150,9714.5M
HP Inc.HPQ21,5121,7121,3421,4811.6M
Verizon CommunicationsVZ42,8343,2542,8042,9911.3M
Wal-Mart StoresWMT67,5967,7566,9667,0710.7M
Abbott LaboratoriesABT61,7261,9061,3361,5110.7M
General MotorsGM22,0422,1721,7421,878.59M
United TechnologiesUTX74,3574,4572,9673,548.23M
Walt Disney & Co.DIS46,2546,6545,9946,237.32M
Procter & GamblePG62,6162,7762,2762,576.84M
Bristol-Myers SquibbBMY34,1534,4534,1234,216.62M
UnitedHealth GroupUNH57,7258,5357,5758,016.37M
Gilead SciencesGILD49,4950,2549,0949,124.76M
Berkshire HathawayBRK.B81,0181,1480,2480,593.64M
International Business MachinesIBM194,36195,19192,35193,103.25M
Union PacificUNP111,16113,63111,07112,301.99M
Exchange Rates of June 13th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 79,410 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 1,029 CAD1 CAD = 0,972 USD
US DollarSwiss Franc1 USD = 0,956 CHF1 CHF = 1,046 USD
US DollarChinese Yuan1 USD = 6,369 CNY1 CNY = 0,157 USD
EuroJapanese Yen1 EUR = 99,820 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,810 GBP1 GBP = 1,234 EUR
EuroAustralian Dollar1 EUR = 1,263 AUD1 AUD = 0,792 EUR
EuroCanadian Dollar1 EUR = 1,294 CAD1 CAD = 0,773 EUR
EuroSwiss Franc1 EUR = 1,201 CHF1 CHF = 0,833 EUR
EuroChinese Yuan1 EUR = 7,981 CNY1 CNY = 0,125 EUR
Japanese YenPound Sterling1 JPY = 0,811 GBP1 GBP = 1,233 JPY
Japanese YenAustralian Dollar1 JPY = 1,265 AUD1 AUD = 0,791 JPY
Japanese YenCanadian Dollar1 JPY = 1,295 CAD1 CAD = 0,772 JPY
Japanese YenSwiss Franc1 JPY = 1,203 CHF1 CHF = 0,831 JPY
Pound SterlingAustralian Dollar1 GBP = 1,559 AUD1 AUD = 0,641 GBP
Pound SterlingCanadian Dollar1 GBP = 1,596 CAD1 CAD = 0,626 GBP
Pound SterlingSwiss Franc1 GBP = 1,482 CHF1 CHF = 0,675 GBP
Pound SterlingChinese Yuan1 GBP = 9,850 CNY1 CNY = 0,102 GBP
Australian DollarCanadian Dollar1 AUD = 1,024 CAD1 CAD = 0,977 AUD
Australian DollarSwiss Franc1 AUD = 0,950 CHF1 CHF = 1,052 AUD
Australian DollarChinese Yuan1 AUD = 6,315 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 0,928 CHF1 CHF = 1,077 CAD
Canadian DollarChinese Yuan1 CAD = 6,169 CNY1 CNY = 0,162 CAD
Swiss FrancChinese Yuan1 CHF = 6,645 CNY1 CNY = 0,150 CHF

See what else happened on June 13th, 2012