Financial news on February 14th, 2012

Business and Financial news
Airbus Worried About Fallout of E.U. Plan to Charge for Airline Emissions

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..

By REUTERS - International Herald Tribune

Among the Highfliers, a True Sky Walker

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..

By GARRETT REISMAN - The New York Times

Business Day Live | February 14, 2012

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..

Mac William Bishop, Pedro Rosado and Nadia Sussman - The New York Times

Chinese Official Brushes Aside Calls to Buy European Debt

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..

By REUTERS - International Herald Tribune

Critics Question Record of Monitor Selected by Apple

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..


Flaw Found in an Online Encryption Method

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..

By JOHN MARKOFF - The New York Times

For California, Attorney General Insisted on Better Terms in Foreclosure Deal

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..

By SHAILA DEWAN - The New York Times

Handy Travel Tips From Those in the Know

Joe Sharkey On The Road column offers tips from experts on being prepared for air travel. Read more..

By JOE SHARKEY - The New York Times

Olympus Forecasts Loss for Its Financial Year

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..

By REUTERS - International Herald Tribune

Spare Time, Strange City

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..

By JULIE WEED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18,9319,0918,8018,9439.2M
Cisco SystemsCSCO19,9020,0719,8320,0731.9M
Oracle Corp.ORCL28,3228,4528,0328,2430.3M
JPMorgan ChaseJPM38,2338,2637,4437,9227M
Wells Fargo & Co.WFC30,3330,5330,0230,4223.5M
AT&T Inc.T30,1230,1529,8530,0721.6M
Abbott LaboratoriesABT55,1655,2054,7455,0811.7M
HP Inc.HPQ28,7029,0828,6329,0811M
Verizon CommunicationsVZ38,0338,1437,7538,0410.2M
General MotorsGM25,2125,4525,0025,409.89M
Johnson & JohnsonJNJ64,7564,8664,3364,618.98M
Walt Disney & Co.DIS41,5041,6241,2641,608.21M
Bristol-Myers SquibbBMY31,9132,0331,6631,858.16M
Home DepotHD45,8646,2145,6846,067.72M
Gilead SciencesGILD54,2754,9054,1654,567.32M
Procter & GamblePG64,1064,4864,0964,487M
UnitedHealth GroupUNH53,9054,4953,5754,465.98M
Wal-Mart StoresWMT61,9162,2461,7962,225.17M
Berkshire HathawayBRK.B79,2879,3078,2478,924.22M
United TechnologiesUTX84,4684,6583,9784,643.56M
International Business MachinesIBM191,76192,60190,83192,223.4M
Union PacificUNP112,77113,72111,88113,172.25M
Exchange Rates of February 14th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 78,420 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 0,999 CAD1 CAD = 1,001 USD
US DollarSwiss Franc1 USD = 0,920 CHF1 CHF = 1,088 USD
US DollarChinese Yuan1 USD = 6,300 CNY1 CNY = 0,159 USD
EuroJapanese Yen1 EUR = 102,980 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,837 GBP1 GBP = 1,195 EUR
EuroAustralian Dollar1 EUR = 1,228 AUD1 AUD = 0,814 EUR
EuroCanadian Dollar1 EUR = 1,311 CAD1 CAD = 0,763 EUR
EuroSwiss Franc1 EUR = 1,207 CHF1 CHF = 0,828 EUR
EuroChinese Yuan1 EUR = 8,261 CNY1 CNY = 0,121 EUR
Japanese YenPound Sterling1 JPY = 0,812 GBP1 GBP = 1,231 JPY
Japanese YenAustralian Dollar1 JPY = 1,192 AUD1 AUD = 0,839 JPY
Japanese YenCanadian Dollar1 JPY = 1,273 CAD1 CAD = 0,786 JPY
Japanese YenSwiss Franc1 JPY = 1,172 CHF1 CHF = 0,853 JPY
Pound SterlingAustralian Dollar1 GBP = 1,468 AUD1 AUD = 0,681 GBP
Pound SterlingCanadian Dollar1 GBP = 1,567 CAD1 CAD = 0,638 GBP
Pound SterlingSwiss Franc1 GBP = 1,443 CHF1 CHF = 0,693 GBP
Pound SterlingChinese Yuan1 GBP = 9,877 CNY1 CNY = 0,101 GBP
Australian DollarCanadian Dollar1 AUD = 1,068 CAD1 CAD = 0,937 AUD
Australian DollarSwiss Franc1 AUD = 0,983 CHF1 CHF = 1,017 AUD
Australian DollarChinese Yuan1 AUD = 6,727 CNY1 CNY = 0,149 AUD
Canadian DollarSwiss Franc1 CAD = 0,920 CHF1 CHF = 1,086 CAD
Canadian DollarChinese Yuan1 CAD = 6,301 CNY1 CNY = 0,159 CAD
Swiss FrancChinese Yuan1 CHF = 6,841 CNY1 CNY = 0,146 CHF

See what else happened on February 14th, 2012