Financial news on January 15, 2013
Business and Financial news
Canadian court acquits former executives of failed Nortel Networks--Frank A Dunn, Douglas C Beatty and Michael J Gollogly--in a complex and protracted fraud case. Read more..
Hotel companies, and even some airports, are beginning to cater to avid yoga practitioners; number of Americans practicing yoga has risen 29 percent to 20.4 million since 2008. Read more..
Advertising column; trade journal Brandweek, which reported on consumer product marketing for almost 20 years until its closing in April 2011, is being revived, at least in name; it will run in some Adweek issues. Read more..
Stocks fall as worries over demand for Apple products drives down its shares and investors brace for earnings disappointments. Read more..
Many are hoping that President Obama will signal support for a pact in his State of the Union address next month. Read more..
St Jude Medical says it received warning letter from Food and Drug Administration about problems with manufacturing and quality control at California plant where it makes implantable heart defibrillators. Read more..
Analysts say Facebook, which has had stock rally over increased advertising efforts, needs to improve its search ability to challenge Google; it has expanded its search engineer staff and rolled out new features to help users discover information on site. Read more..
A growing number of upwardly mobile Chinese parents are willing to pay as much as 260,000 renminbi, or about $42,000, a year for a Western-style education at private schools. Read more..
Dr John C Reed, chief executive of the Sanford-Burnham Medical Research Institute, will become head of Swiss drugmaker Roche’s pharmaceutical research and early development group in April 2013. Read more..
Lure of access to China’s fast-growing film market is entangling American studios and filmmakers with state censors in country where American notions of free expression simply do not apply; studios have discovered that navigating murky, often shifting terrain of censorship is a critical part of the process in seeking international box-office revenue, with billions of dollars riding on whether they get it right Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.63||35.20||34.60||35.11||24.8M|
|Johnson & Johnson||JNJ||72.25||72.44||72.00||72.37||7.8M|
|Procter & Gamble||PG||69.16||69.96||69.15||69.88||7.56M|
|Walt Disney & Co.||DIS||50.47||51.15||50.43||51.09||7.3M|
|International Business Machines||IBM||191.31||192.73||190.39||192.50||4.17M|
Exchange Rates of January 15, 2013
|US Dollar||Japanese Yen||1 USD = 88.760 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 0.984 CAD||1 CAD = 1.016 USD|
|US Dollar||Swiss Franc||1 USD = 0.932 CHF||1 CHF = 1.073 USD|
|US Dollar||Chinese Yuan||1 USD = 6.214 CNY||1 CNY = 0.161 USD|
|Euro||Japanese Yen||1 EUR = 118.100 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.828 GBP||1 GBP = 1.208 EUR|
|Euro||Australian Dollar||1 EUR = 1.259 AUD||1 AUD = 0.794 EUR|
|Euro||Canadian Dollar||1 EUR = 1.309 CAD||1 CAD = 0.764 EUR|
|Euro||Swiss Franc||1 EUR = 1.240 CHF||1 CHF = 0.807 EUR|
|Euro||Chinese Yuan||1 EUR = 8.277 CNY||1 CNY = 0.121 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.701 GBP||1 GBP = 1.427 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.066 AUD||1 AUD = 0.939 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.108 CAD||1 CAD = 0.903 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.049 CHF||1 CHF = 0.953 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.520 AUD||1 AUD = 0.658 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.581 CAD||1 CAD = 0.633 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.497 CHF||1 CHF = 0.668 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.991 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.039 CAD||1 CAD = 0.962 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.984 CHF||1 CHF = 1.016 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.567 CNY||1 CNY = 0.152 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.947 CHF||1 CHF = 1.056 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.318 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.676 CNY||1 CNY = 0.150 CHF|