Financial news on February 14, 2015

Business and Financial news
ArcelorMittal Reports $955 Million Loss; ThyssenKrupp Ekes Out a Small Profit

ArcelorMittal reports fourth-quarter loss of $955 million, as well as 5 percent decline in earnings to $1.8 billion, underscoring slumping steel and iron ore market; at same time,ThyssenKrupp reports profit of 43 million euros, or about $48.8 million, for same quarter. Read more..

By STANLEY REED - The New York Times

Banana Republic Arrives at Fashion Week

Banana Republic is set to make its New York Fashion Week debut, due in large part to oversight of designer Marissa Webb, who brings a fresh look to brand. Read more..

By HIROKO TABUCHI - The New York Times

Health Insurance Enrollment: Beating the Deadline

Ann Carrns Your Money Adviser column cautions window for enrolling in Affordable Care Act's health insurance is closing; notes that as deadline nears, traffic on government website is increasing; warns remaining without coverage will most likely result in penalty. Read more..

By ANN CARRNS - The New York Times

Hitching a Toy to a Star

Toymakers prepare to show their latest offerings at Toy Fair 2015 in New York; most popular toys are those based on blockbuster Hollywood films, and upcoming movies with toy tie-ins include Jurassic World, Cinderella and Avengers: Age of Ultron; industry insiders admit in a season packed with action movies, it can be difficult to make certain new toys stand out. Read more..


Obama Calls for New Cooperation to Wrangle the ‘Wild West’ Internet

Pres Obama signs executive order urging private sector companies to cooperate with federal government in sharing data on cyberthreats, in industry Obama refers to as 'Wild Wild West'; order does not exempt companies from liability if shared data leads to legal action, something only legislation can do; Obama speaks to cybersecurity leaders at summit meeting at Stanford University. Read more..


Oil Prices Up 3% on News of Economic Growth in Europe, but Supplies Rise

Global oil prices rise above $60 a barrel after traders bid up on encouraging reports of Europe's economy; experts warn that growing stockpiles, due to excess of up to two million barrels being stored per day, could force prices back down. Read more..

By CLIFFORD KRAUSS - The New York Times

Retirees Find Meaning Serving the Needs of Their Communities

Retiring column; nonprofit bestows Purpose Prize fellowships on retirees Gloria Carter Dickerson, Peter Rosten and Josephine Mercado, who have all dedicated their later years to community service. Read more..

By JOHN F. WASIK - The New York Times

Split Ends

Ellen Leuschner and Jeff Chen entertain us and then split. Read more..

By DEB AMLEN - The New York Times

The Beginner’s Guide to Chartering a Yacht With a Crew

Paul Sullivan Wealth Matters column highlights job requirements of yacht charter brokers, who connect vacationers with right-sized yacht, crew, itinerary and owner's agents; observes while chartering a yacht can be costly, many are willing to pay the price for luxury. Read more..

By PAUL SULLIVAN - The New York Times

Variety: Spiral

A breath of fresh air, with Will Shortz’s Spiral puzzle. Read more..

By DEB AMLEN - The New York Times

Exchange Rates of February 14, 2015
CurrenciesExchange Rates
US DollarEuro1 USD = 0,878 EUR1 EUR = 1,138 USD
US DollarPound Sterling1 USD = 0,649 GBP1 GBP = 1,541 USD
US DollarAustralian Dollar1 USD = 1,285 AUD1 AUD = 0,778 USD
US DollarCanadian Dollar1 USD = 1,245 CAD1 CAD = 0,803 USD
US DollarSwiss Franc1 USD = 0,932 CHF1 CHF = 1,073 USD
US DollarMexican Peso1 USD = 14,866 MXN1 MXN = 0,067 USD
EuroJapanese Yen1 EUR = 135,190 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,740 GBP1 GBP = 1,352 EUR
EuroAustralian Dollar1 EUR = 1,463 AUD1 AUD = 0,683 EUR
EuroCanadian Dollar1 EUR = 1,415 CAD1 CAD = 0,707 EUR
EuroSwiss Franc1 EUR = 1,062 CHF1 CHF = 0,941 EUR
EuroMexican Peso1 EUR = 16,941 MXN1 MXN = 0,059 EUR
EuroSwidish Krona1 EUR = 9,572 SEK1 SEK = 0,104 EUR
Japanese YenPound Sterling1 JPY = 0,006 GBP1 GBP = 181,818 JPY
Japanese YenAustralian Dollar1 JPY = 0,011 AUD1 AUD = 92,593 JPY
Japanese YenCanadian Dollar1 JPY = 0,011 CAD1 CAD = 95,238 JPY
Japanese YenSwiss Franc1 JPY = 0,008 CHF1 CHF = 128,205 JPY
Japanese YenMexican Peso1 JPY = 0,125 MXN1 MXN = 7,981 JPY
Japanese YenSwidish Krona1 JPY = 0,070 SEK1 SEK = 14,225 JPY
Pound SterlingAustralian Dollar1 GBP = 1,980 AUD1 AUD = 0,505 GBP
Pound SterlingCanadian Dollar1 GBP = 1,916 CAD1 CAD = 0,522 GBP
Pound SterlingSwiss Franc1 GBP = 1,435 CHF1 CHF = 0,697 GBP
Pound SterlingMexican Peso1 GBP = 22,921 MXN1 MXN = 0,044 GBP
Pound SterlingSwidish Krona1 GBP = 12,952 SEK1 SEK = 0,077 GBP
Australian DollarCanadian Dollar1 AUD = 0,966 CAD1 CAD = 1,035 AUD
Australian DollarSwiss Franc1 AUD = 0,718 CHF1 CHF = 1,392 AUD
Australian DollarMexican Peso1 AUD = 11,572 MXN1 MXN = 0,086 AUD
Australian DollarSwidish Krona1 AUD = 6,529 SEK1 SEK = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,748 CHF1 CHF = 1,337 CAD
Canadian DollarMexican Peso1 CAD = 11,961 MXN1 MXN = 0,084 CAD
Canadian DollarSwidish Krona1 CAD = 6,760 SEK1 SEK = 0,148 CAD
Swiss FrancMexican Peso1 CHF = 15,967 MXN1 MXN = 0,063 CHF
Swiss FrancSwidish Krona1 CHF = 9,010 SEK1 SEK = 0,111 CHF

See what else happened on February 14, 2015