Financial news on February 14, 2012
Business and Financial news
Ahead of the Singapore Airshow, the Airbus chief executive expressed concern that the European plan could lead to a full-blown trade war. Read more..
Frequent Flier column features Garrett Reisman, a former astronaut who has logged 107 days in space, discusses more conventional earth-bound air travel. Read more..
Joseph Kahn on the visit of China's vice president; Portugal pays its bills but gets further in debt, Landon Thomas Jr. reports; Evelyn M. Rusli previews earnings for the Internet bellwether Zynga. Read more..
The head of China's $410 billion sovereign wealth fund said such investments were "difficult" for long-term investors, but he expressed interest in infrastructure and industrial assets. Read more..
Fair Labor Association, hired by Apple to examine worker conditions at the plants of its suppliers, has been criticized by labor groups as ineffective; association was founded in 1999, by universities and non-profit groups, along with Nike, Liz Claiborne and several other American apparel companies in an effort to eliminate workplace abuses, but labor advocates say the group has done little to improve conditions worldwide. Read more..
A study of a widely used security system for Internet shopping, banking and other services showed that it failed to work correctly in a small number of cases. Read more..
California Attorney General Kamala D Harris' bet that holding out on settlement talks with big banks over home foreclosure abuses pays off, with California set to receive the largest share of benefits; California homeowners are guaranteed $12 billion in debt reduction; critics say California, the state with the greatest number of troubled home loans in the United States, would have received the same amount regardless of Harris, but deal is a political win for Harris, a rising Democratic star and a potential candidate for governor. Read more..
Joe Sharkey On The Road column offers tips from experts on being prepared for air travel. Read more..
The loss estimate for the financial year ending in March, ¥32 billion, highlights the urgent need for Olympus to shore up its finances after its $1.7 billion accounting scandal. Read more..
Smartphone apps for travelers on layovers in strange cities can now direct them to interesting and exciting ways to kill time, like museums and clubs, as well as offer useful tips, such as where gas stations and banks are located. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||30.33||30.53||30.02||30.42||23.5M|
|Johnson & Johnson||JNJ||64.75||64.86||64.33||64.61||8.98M|
|Walt Disney & Co.||DIS||41.50||41.62||41.26||41.60||8.21M|
|Procter & Gamble||PG||64.10||64.48||64.09||64.48||7M|
|International Business Machines||IBM||191.76||192.60||190.83||192.22||3.4M|
Exchange Rates of February 14, 2012
|US Dollar||Japanese Yen||1 USD = 78.420 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.999 CAD||1 CAD = 1.001 USD|
|US Dollar||Swiss Franc||1 USD = 0.920 CHF||1 CHF = 1.088 USD|
|US Dollar||Chinese Yuan||1 USD = 6.300 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 102.980 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.837 GBP||1 GBP = 1.195 EUR|
|Euro||Australian Dollar||1 EUR = 1.228 AUD||1 AUD = 0.814 EUR|
|Euro||Canadian Dollar||1 EUR = 1.311 CAD||1 CAD = 0.763 EUR|
|Euro||Swiss Franc||1 EUR = 1.207 CHF||1 CHF = 0.828 EUR|
|Euro||Chinese Yuan||1 EUR = 8.261 CNY||1 CNY = 0.121 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.812 GBP||1 GBP = 1.231 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.192 AUD||1 AUD = 0.839 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.273 CAD||1 CAD = 0.786 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.172 CHF||1 CHF = 0.853 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.468 AUD||1 AUD = 0.681 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.567 CAD||1 CAD = 0.638 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.443 CHF||1 CHF = 0.693 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.877 CNY||1 CNY = 0.101 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.068 CAD||1 CAD = 0.937 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.983 CHF||1 CHF = 1.017 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.727 CNY||1 CNY = 0.149 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.920 CHF||1 CHF = 1.086 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.301 CNY||1 CNY = 0.159 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.841 CNY||1 CNY = 0.146 CHF|