Financial news on December 14, 2016

Business and Financial news
2016 in Review: The Year’s Best Apps

Kit Eaton App Smart column lists outstanding apps of 2016. Read more..

By KIT EATON - The New York Times

2 Former Drug Executives Charged With Price Fixing

Justice Department charges former Heritage Pharmaceuticals executives Jeffrey Glazer and his brother-in-law Jason Malek with conspiring to fix prices on generic drugs; says pair are part of broad anti-trust investigation into generic drug price fixing; two men are also accused of stealing tens of millions of dollars from their former employer through sham corporations. Read more..

By KATIE THOMAS - The New York Times

Biggest Tech Failures and Successes of 2016

From exploding smartphones and hoverboards to fake news on social media, many tech hardware, software and web products suffered embarrassing setbacks. But it was not all bleak. Read more..

By BRIAN X. CHEN - The New York Times

Daily Report: When Cars and Tech Repeatedly Collide

The government proposed rules requiring new cars and small trucks to transmit speed, location and direction data, and Alphabet is spinning off its self-driving project. Read more..

By PUI-WING TAM - The New York Times

For Trump’s Wealthy Cabinet, Prospect of a Sweet Tax Break

A tax provision allows incoming executive branch members to defer capital gains taxes on any divestments required under ethics rules. Read more..

By WILLIAM D. COHAN - The New York Times

How to Keep Your Office Holiday Party From Going Off the Rails

The office party can be a fun way for co-workers to get together to celebrate, an opportunity to introduce yourself to executives or a memorable event for all the wrong reasons. Read more..

By CHRISTOPHER MELE - The New York Times

Mario, Nintendo’s Mustachioed Gaming Legend, Arrives on iPhones

Nintendo releases version of its popular video game Super Mario Run for Apple iPhone and iPads, first time game developer has put out installment that runs on devices it did not make; market trackers say its $9.99 price may be tough sell. Read more..


Tell Investors of Climate Risks, Energy Sector Is Urged

Coalition of bankers, regulators and company executives from across globe, commissioned by Group of 20, issues comprehensive guidelines calling on oil and gas companies to voluntarily measure and disclose predictions about effects of climate change on weather and sea levels; critics of guidelines say fluctuations in oil prices and unpredictability of regulatory responses make such assessments very risky. Read more..

By HIROKO TABUCHI - The New York Times

Twitter Has the Right to Suspend Donald Trump. But It Shouldn’t.

Farhad Manjoo State of the Art column notes Twitter has right to suspend account of Pres-elect Donald J Trump, given that he is using service to incite harassment, but cites reasons why social media platform should not. Read more..

By FARHAD MANJOO - The New York Times

Yahoo Says 1 Billion User Accounts Were Hacked

The company says the attack was separate from the breach that led to an earlier disclosure that 500 million accounts were hacked. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC54.7455.6254.0354.7054.6M
General ElectricGE31.6131.9831.4431.5043.7M
Cisco SystemsCSCO30.6031.0730.4130.4627.6M
AT&T Inc.T41.3041.5540.9341.1026.3M
Oracle Corp.ORCL40.8741.0940.6240.8825.1M
JPMorgan ChaseJPM83.8886.1283.7684.7322.6M
Verizon CommunicationsVZ52.4652.6651.4151.6319.9M
General MotorsGM36.3036.7835.9335.9519.8M
Bristol-Myers SquibbBMY57.3058.5257.2758.5012.6M
Procter & GamblePG85.2985.7484.1784.3712.3M
Gilead SciencesGILD74.8676.3274.8675.7111.8M
Abbott LaboratoriesABT39.4239.7938.6738.8211.3M
HP Inc.HPQ15.7715.9015.5315.6110.6M
Johnson & JohnsonJNJ116.12117.30114.58114.999.38M
Wal-Mart StoresWMT71.9072.4871.1871.348.67M
Walt Disney & Co.DIS103.62104.41103.50104.057.96M
Home DepotHD136.05136.88135.75135.987.03M
Berkshire HathawayBRK.B166.59167.25164.54165.064.54M
International Business MachinesIBM168.37169.89167.45168.514.12M
UnitedHealth GroupUNH161.14161.80158.72159.863.89M
Union PacificUNP104.25104.83102.67102.823.55M
United TechnologiesUTX110.35110.44109.09109.272.76M
Exchange Rates of December 14, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.950 EUR1 EUR = 1.053 USD
US DollarJapanese Yen1 USD = 117.209 JPY1 JPY = 0.009 USD
US DollarPound Sterling1 USD = 0.797 GBP1 GBP = 1.254 USD
US DollarAustralian Dollar1 USD = 1.352 AUD1 AUD = 0.740 USD
US DollarCanadian Dollar1 USD = 1.328 CAD1 CAD = 0.753 USD
US DollarSwiss Franc1 USD = 1.021 CHF1 CHF = 0.980 USD
US DollarChinese Yuan1 USD = 6.902 CNY1 CNY = 0.145 USD
US DollarMexican Peso1 USD = 20.452 MXN1 MXN = 0.049 USD
US DollarSwidish Krona1 USD = 9.259 SEK1 SEK = 0.108 USD
EuroJapanese Yen1 EUR = 123.413 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.839 GBP1 GBP = 1.191 EUR
EuroAustralian Dollar1 EUR = 1.423 AUD1 AUD = 0.703 EUR
EuroCanadian Dollar1 EUR = 1.398 CAD1 CAD = 0.715 EUR
EuroSwiss Franc1 EUR = 1.075 CHF1 CHF = 0.931 EUR
EuroChinese Yuan1 EUR = 7.265 CNY1 CNY = 0.138 EUR
EuroMexican Peso1 EUR = 21.536 MXN1 MXN = 0.046 EUR
EuroSwidish Krona1 EUR = 9.748 SEK1 SEK = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.007 GBP1 GBP = 147.059 JPY
Japanese YenAustralian Dollar1 JPY = 0.012 AUD1 AUD = 86.957 JPY
Japanese YenCanadian Dollar1 JPY = 0.011 CAD1 CAD = 88.496 JPY
Japanese YenSwiss Franc1 JPY = 0.009 CHF1 CHF = 114.943 JPY
Japanese YenChinese Yuan1 JPY = 0.059 CNY1 CNY = 16.978 JPY
Japanese YenMexican Peso1 JPY = 0.175 MXN1 MXN = 5.727 JPY
Japanese YenSwidish Krona1 JPY = 0.079 SEK1 SEK = 12.658 JPY
Pound SterlingAustralian Dollar1 GBP = 1.695 AUD1 AUD = 0.590 GBP
Pound SterlingCanadian Dollar1 GBP = 1.665 CAD1 CAD = 0.601 GBP
Pound SterlingSwiss Franc1 GBP = 1.280 CHF1 CHF = 0.781 GBP
Pound SterlingChinese Yuan1 GBP = 8.660 CNY1 CNY = 0.115 GBP
Pound SterlingMexican Peso1 GBP = 25.641 MXN1 MXN = 0.039 GBP
Pound SterlingSwidish Krona1 GBP = 11.603 SEK1 SEK = 0.086 GBP
Australian DollarCanadian Dollar1 AUD = 0.982 CAD1 CAD = 1.018 AUD
Australian DollarSwiss Franc1 AUD = 0.755 CHF1 CHF = 1.324 AUD
Australian DollarChinese Yuan1 AUD = 5.114 CNY1 CNY = 0.196 AUD
Australian DollarMexican Peso1 AUD = 15.145 MXN1 MXN = 0.066 AUD
Australian DollarSwidish Krona1 AUD = 6.839 SEK1 SEK = 0.146 AUD
Canadian DollarSwiss Franc1 CAD = 0.768 CHF1 CHF = 1.302 CAD
Canadian DollarChinese Yuan1 CAD = 5.198 CNY1 CNY = 0.192 CAD
Canadian DollarMexican Peso1 CAD = 15.406 MXN1 MXN = 0.065 CAD
Canadian DollarSwidish Krona1 CAD = 6.969 SEK1 SEK = 0.143 CAD
Swiss FrancChinese Yuan1 CHF = 6.767 CNY1 CNY = 0.148 CHF
Swiss FrancMexican Peso1 CHF = 20.056 MXN1 MXN = 0.050 CHF
Swiss FrancSwidish Krona1 CHF = 9.073 SEK1 SEK = 0.110 CHF

See what else happened on December 14, 2016