Financial news on June 15, 2012
Business and Financial news
Nation's biggest airports, at a time when federal and state public works programs are stalled, are in the midst of major renovations or expansions that, taken together, amount to some of the largest infrastructure projects in the country; the need to accommodate bigger airplanes and a growing number of foreign carriers has helped spur many of the new investments. Read more..
Organization of the Petroleum Exporting Countries leaves unchanged a ceiling for oil production at 30 million barrels daily, despite signs of a slowdown in the global economy and slumping oil prices; decision leaves Saudi Arabia to decide on its own whether to influence prices by adjusting output before the next OPEC meeting in December. Read more..
Food and Drug Administration is investigating whether Fresenius Medical Care, the nation's largest operator of dialysis centers, violated federal regulations by failing to inform customers of a potentially lethal risk connected to one of its products. Read more..
Greek elections could soon bring real-world urgency to a debate that had been largely academic: whether the euro zone can withstand the departure of one of its members; some economists say Greece's departure from the euro will not be that great of a shock because there has been time to prepare. Read more..
Courtown Demesne, outside Dublin, is a Georgian-era property built in 1815. Read more..
Smithfield Foods reports fiscal fourth-quarter profit of $79.5 million, or 49 cents a share, down 19 percent from $98.4 million, or 59 cents a share, in year-ago quarter; revenue rose 3 percent to $3.21 billion from $3.12 billion. Read more..
Financier R Allen Stanford is sentenced to 110 years in prison without parole for masterminding a $7 billion Ponzi scheme; federal jury convicted him in March on 13 out of 14 counts of fraud. Read more..
Thomas Jordan, president of the Swiss National Bank, said it was ready to take action to stem the franc's rise, which is being fueled by a search for investment havens. Read more..
Commerce Department reports the American current account trade deficit rose 15.7 percent in the first quarter to $137.3 billion, up from $118.7 billion in the last-quarter 2011; Labor Dept reports weekly applications for unemployment benefits increased to a seasonally adjusted 386,000 in the previous week; Labor Dept reports the Consumer Price Index fell 0.3 percent in May. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.15||32.55||31.79||32.45||39.1M|
|Johnson & Johnson||JNJ||65.90||66.10||65.51||66.01||26M|
|Procter & Gamble||PG||63.53||63.67||62.52||62.88||14.1M|
|Walt Disney & Co.||DIS||47.41||47.43||46.92||47.09||11.2M|
|International Business Machines||IBM||196.08||199.27||195.40||199.10||6.39M|
Exchange Rates of June 15, 2012
|US Dollar||Japanese Yen||1 USD = 78.690 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.021 CAD||1 CAD = 0.979 USD|
|US Dollar||Swiss Franc||1 USD = 0.950 CHF||1 CHF = 1.053 USD|
|US Dollar||Chinese Yuan||1 USD = 6.365 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 99.470 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.806 GBP||1 GBP = 1.241 EUR|
|Euro||Australian Dollar||1 EUR = 1.254 AUD||1 AUD = 0.797 EUR|
|Euro||Canadian Dollar||1 EUR = 1.291 CAD||1 CAD = 0.775 EUR|
|Euro||Swiss Franc||1 EUR = 1.201 CHF||1 CHF = 0.833 EUR|
|Euro||Chinese Yuan||1 EUR = 8.044 CNY||1 CNY = 0.124 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.808 GBP||1 GBP = 1.237 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.259 AUD||1 AUD = 0.794 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.297 CAD||1 CAD = 0.771 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.207 CHF||1 CHF = 0.829 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.558 AUD||1 AUD = 0.642 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.605 CAD||1 CAD = 0.623 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.493 CHF||1 CHF = 0.670 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.000 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.029 CAD||1 CAD = 0.972 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.957 CHF||1 CHF = 1.045 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.420 CNY||1 CNY = 0.156 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.930 CHF||1 CHF = 1.075 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.232 CNY||1 CNY = 0.160 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.697 CNY||1 CNY = 0.149 CHF|