Financial news on October 14th, 2011
Business and Financial news
Owners of adventure bikes want machines that will go anywhere, even if there’s no actual chance they’ll go to the Andes or even the Dakar Rally. Read more..
The figures are being examined by British auditors after a newspaper referred to a complex sponsorship deal as a circulation "scam." Read more..
Automobile designer Jason Castriota, who has helped create several famous cars, will lead design team at Saab; hopes to revive struggling company. Read more..
Floyd Norris High & Low Finance column says split Congress is making muddle of Dodd-Frank financial reform law; notes key components of law, ban on proprietary trading and rule that mortgage lenders must retain at least 10 percent risk on loans, are being significantly watered down. Read more..
Bankruptcy court approves hiring of R Todd Neilson, who as chief restructuring officer will lead California energy company Solyndra as it struggles to emerge from bankruptcy. Read more..
Reuters BreakingViews column; America's 'clean' natural gas is fetching four times its price in Asia, but prices would need to remain elevated for decades in order to justify massive infrastructure investments required to make exports possible; Euro zone leaders may be trying to tweak Greece's debt swap to impose marginally deeper losses on private creditors. Read more..
Japanese automakers have resumed full operation after March earthquake and tsunami, but it will take until early 2012 for dealers to be restocked and back to normal; disruption means sales losses for Toyota and Honda in a year when they could have made big gains due to demand for fuel-efficient vehicles. Read more..
Figures on trade in both of the world’s largest economies signaled slower growth. Read more..
Improvements in engine technology are allowing drivers to select vehicles in virtually every market segment without compromising on fuel technology; automakers are implementing changes to meet stiff future mileage standards. Read more..
Claire Cain Miller Advertising column notes that YouTube is trying to evolve into a destination that attracts professionally produced videos as well as amateur submissions; says strategy is a bid to lure TV ad dollars. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.59||26.79||25.80||26.67||39.5M|
|Walt Disney & Co.||DIS||34.02||34.53||33.91||34.47||10.7M|
|Procter & Gamble||PG||65.00||65.17||64.37||64.89||7.49M|
|Johnson & Johnson||JNJ||64.69||64.74||64.17||64.72||6.68M|
|International Business Machines||IBM||188.19||190.53||187.73||190.53||5.37M|
Exchange Rates of October 14th, 2011
|US Dollar||Japanese Yen||1 USD = 77.210 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.010 CAD||1 CAD = 0.990 USD|
|US Dollar||Swiss Franc||1 USD = 0.893 CHF||1 CHF = 1.120 USD|
|US Dollar||Chinese Yuan||1 USD = 6.379 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 107.150 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.877 GBP||1 GBP = 1.140 EUR|
|Euro||Australian Dollar||1 EUR = 1.342 AUD||1 AUD = 0.745 EUR|
|Euro||Canadian Dollar||1 EUR = 1.401 CAD||1 CAD = 0.714 EUR|
|Euro||Swiss Franc||1 EUR = 1.237 CHF||1 CHF = 0.808 EUR|
|Euro||Chinese Yuan||1 EUR = 8.856 CNY||1 CNY = 0.113 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.818 GBP||1 GBP = 1.222 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.252 AUD||1 AUD = 0.799 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.307 CAD||1 CAD = 0.765 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.155 CHF||1 CHF = 0.866 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.529 AUD||1 AUD = 0.654 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.597 CAD||1 CAD = 0.626 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.412 CHF||1 CHF = 0.708 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.095 CNY||1 CNY = 0.099 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.044 CAD||1 CAD = 0.958 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.921 CHF||1 CHF = 1.086 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.602 CNY||1 CNY = 0.151 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.883 CHF||1 CHF = 1.132 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.318 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 7.149 CNY||1 CNY = 0.140 CHF|