Financial news on June 14, 2016

Business and Financial news
A LinkedIn Timeline

Timeline of LinkedIn's most important moments ending with its acquisition by Microsoft. Read more..

By MIKE ISAAC - The New York Times

Can Apple Think Outside the Device?

Apple still seems to view online services as add-ons to its devices, not as products or platforms that rise above the equipment. Read more..

By FARHAD MANJOO - The New York Times

Court Backs Rules Treating Internet as Utility, Not Luxury

An appeals court panel affirmed the Federal Communications Commission’s rules about net neutrality, clearing the way for stricter oversight of broadband providers. Read more..

By CECILIA KANG - The New York Times

For Boston Seaport, G.E. Was Just a Start

Number of global companies have felt draw of South Boston waterfront, which has been developing at breakneck pace; companies have followed in footsteps of General Electric, which chose area in part due to tax incentives. Read more..

By LISA PREVOST - The New York Times

For Microsoft, LinkedIn Deal Could Be a $26.2 Billion Time Machine

Microsoft’s extraordinarily generous takeover bid harks back to a time of higher technology valuations, but some analysts say there’s no going back. Read more..

By MICHAEL J. de la MERCED and LESLIE PICKER - The New York Times

Keeping an iPhone Online When the Signal Is Weak

Tech Tip Q&A; tips on how to stop Apple Wi-Fi Assist feature from consuming monthly data allowance on iPad or iPhone. Read more..

By J. D. BIERSDORFER - The New York Times

Liberal Return Policies for Consumers Can Reduce Retail Workers’ Pay

Retail customers are returning goods in record numbers, and often in worse condition, encouraged by liberal return policies adopted by brick-and-morter to keep pace with e-commerce; returns of goods by department store customers can unexpectedly reduce worker's paycheck weeks or months after sale is made, as sales are used to calculate commissions. Read more..

By RACHEL ABRAMS - The New York Times

Microsoft’s Deal for LinkedIn Raises Red Flags

The deal has a strategic logic, but its financial benefits are in short supply. Read more..

By ROBERT CYRAN - The New York Times

Rant Continuation

A midweek rant from Jason Flinn. Read more..

By DEB AMLEN - The New York Times

Supreme Court Rejects Puerto Rico Law in Debt Restructuring Case

Supreme Court rejects Puerto Rico's attempt to allow public utilities to restructure $20 billion in debt, striking down 2014 Puerto Rico law; island, with $72 billion in debt, argues it needs to restructure at least some of debt under bankruptcy law. Read more..

By ADAM LIPTAK and MARY WILLIAMS WALSH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 29.82 30.46 29.79 30.44 43.7M
Microsoft MSFT 49.90 50.10 49.57 49.83 42.6M
Apple AAPL 97.32 98.48 96.75 97.46 31.9M
Pfizer PFE 34.60 35.03 34.58 34.99 31.7M
Wells Fargo & Co. WFC 47.86 48.12 46.51 46.88 25.3M
AT&T Inc. T 40.17 40.47 39.93 40.38 23M
JPMorgan Chase JPM 62.68 63.47 61.68 62.08 19.5M
Cisco Systems CSCO 28.66 29.00 28.63 28.96 19.3M
Intel INTC 32.01 32.24 31.79 32.14 18.8M
Facebook FB 114.07 114.95 113.58 114.94 17.6M
Oracle Corp. ORCL 38.63 38.98 38.57 38.83 12.1M
HP Inc. HPQ 13.01 13.20 12.89 13.05 11.6M
Coca-Cola KO 44.85 45.13 44.44 45.04 11.3M
General Motors GM 29.07 29.31 28.65 28.83 10.8M
Verizon Communications VZ 52.37 53.10 52.32 52.99 10.7M
ExxonMobil XOM 90.45 90.87 89.85 90.43 10.2M
Abbott Laboratories ABT 37.87 37.89 37.44 37.66 9.61M
Wal-Mart Stores WMT 70.66 71.17 70.20 70.95 9.07M
Merck MRK 55.77 56.31 55.62 56.25 8.59M
Visa V 78.12 78.75 77.96 78.57 7.89M
Altria MO 64.97 65.39 64.52 65.30 7.87M
Gilead Sciences GILD 83.50 84.56 82.77 83.57 7.49M
Comcast CMCSA 62.01 62.71 61.94 62.64 7.47M
ConocoPhillips COP 43.84 44.60 43.35 44.32 7.32M
Home Depot HD 127.31 127.44 124.71 125.24 7.3M
Chevron CVX 101.76 102.05 100.52 101.28 6.92M
Procter & Gamble PG 82.55 83.37 82.27 83.35 6.87M
Johnson & Johnson JNJ 116.45 117.18 116.30 117.12 6.38M
McDonald's MCD 122.54 123.19 121.93 122.51 6.35M
Walt Disney & Co. DIS 97.20 98.55 97.18 98.40 6.13M
Schlumberger SLB 77.18 77.89 76.62 77.46 5.36M
Bristol-Myers Squibb BMY 72.22 73.15 72.16 73.10 4.69M
Pepsico PEP 102.60 103.29 101.74 103.23 4.36M
Union Pacific UNP 88.51 89.26 87.57 87.98 3.99M
Boeing BA 129.63 130.60 128.50 130.50 3.72M
United Technologies UTX 101.21 101.91 100.51 101.19 3.71M
Berkshire Hathaway BRK.B 140.79 141.55 140.52 141.30 3.48M
UnitedHealth Group UNH 137.88 138.26 137.34 137.87 2.97M
International Business Machines IBM 151.28 151.79 150.40 151.06 2.87M
Amazon AMZN 712.33 720.81 712.27 719.30 2.51M
Amgen AMGN 152.74 153.48 151.64 152.99 2.12M
3M MMM 167.29 167.81 166.60 167.61 2.02M
Alphabet GOOGL 729.31 736.00 726.50 733.25 1.33M
Exchange Rates of June 14, 2016
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.892 EUR 1 EUR = 1.121 USD
US Dollar Japanese Yen 1 USD = 106.036 JPY 1 JPY = 0.009 USD
US Dollar Pound Sterling 1 USD = 0.709 GBP 1 GBP = 1.411 USD
US Dollar Australian Dollar 1 USD = 1.360 AUD 1 AUD = 0.735 USD
US Dollar Canadian Dollar 1 USD = 1.287 CAD 1 CAD = 0.777 USD
US Dollar Swiss Franc 1 USD = 0.963 CHF 1 CHF = 1.038 USD
US Dollar Chinese Yuan 1 USD = 6.593 CNY 1 CNY = 0.152 USD
US Dollar Mexican Peso 1 USD = 18.922 MXN 1 MXN = 0.053 USD
US Dollar Swidish Krona 1 USD = 8.313 SEK 1 SEK = 0.120 USD
Euro Japanese Yen 1 EUR = 118.851 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.794 GBP 1 GBP = 1.259 EUR
Euro Australian Dollar 1 EUR = 1.525 AUD 1 AUD = 0.656 EUR
Euro Canadian Dollar 1 EUR = 1.442 CAD 1 CAD = 0.693 EUR
Euro Swiss Franc 1 EUR = 1.080 CHF 1 CHF = 0.926 EUR
Euro Chinese Yuan 1 EUR = 7.389 CNY 1 CNY = 0.135 EUR
Euro Mexican Peso 1 EUR = 21.210 MXN 1 MXN = 0.047 EUR
Euro Swidish Krona 1 EUR = 9.319 SEK 1 SEK = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.007 GBP 1 GBP = 149.254 JPY
Japanese Yen Australian Dollar 1 JPY = 0.013 AUD 1 AUD = 78.125 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.012 CAD 1 CAD = 82.645 JPY
Japanese Yen Swiss Franc 1 JPY = 0.009 CHF 1 CHF = 109.890 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.062 CNY 1 CNY = 16.103 JPY
Japanese Yen Mexican Peso 1 JPY = 0.178 MXN 1 MXN = 5.605 JPY
Japanese Yen Swidish Krona 1 JPY = 0.078 SEK 1 SEK = 12.755 JPY
Pound Sterling Australian Dollar 1 GBP = 1.919 AUD 1 AUD = 0.521 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.815 CAD 1 CAD = 0.551 GBP
Pound Sterling Swiss Franc 1 GBP = 1.359 CHF 1 CHF = 0.736 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.302 CNY 1 CNY = 0.108 GBP
Pound Sterling Mexican Peso 1 GBP = 26.699 MXN 1 MXN = 0.037 GBP
Pound Sterling Swidish Krona 1 GBP = 11.727 SEK 1 SEK = 0.085 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.946 CAD 1 CAD = 1.057 AUD
Australian Dollar Swiss Franc 1 AUD = 0.708 CHF 1 CHF = 1.412 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.845 CNY 1 CNY = 0.206 AUD
Australian Dollar Mexican Peso 1 AUD = 13.905 MXN 1 MXN = 0.072 AUD
Australian Dollar Swidish Krona 1 AUD = 6.108 SEK 1 SEK = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.749 CHF 1 CHF = 1.336 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.124 CNY 1 CNY = 0.195 CAD
Canadian Dollar Mexican Peso 1 CAD = 14.703 MXN 1 MXN = 0.068 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.457 SEK 1 SEK = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.842 CNY 1 CNY = 0.146 CHF
Swiss Franc Mexican Peso 1 CHF = 19.639 MXN 1 MXN = 0.051 CHF
Swiss Franc Swidish Krona 1 CHF = 8.629 SEK 1 SEK = 0.116 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.257 SEK 1 SEK = 0.796 CNY

See what else happened on June 14, 2016