Financial news on December 16, 2014

Business and Financial news
Betting on the Need, Scientists Work on Lighter, Cleaner Nuclear Energy

Scientists and engineers are exploring new types of nuclear reactors that would be safer, less expensive and ready to set up worldwide; reactors would produce significantly less nuclear waste and use sodium in place of water; private sector is taking initiative with global warming as driving issue. Read more..

By MATTHEW L. WALD - The New York Times

Bond Investors Are Skittish Over Emerging Markets

The precipitous fall in the Russian ruble has already rattled investors. Concerns are mounting that bond troubles of big energy companies in emerging markets will unleash a new wave of market contagion. Read more..

By LANDON THOMAS JR - The New York Times

Classic Hip-Hop Is Spreading on the Radio Dial

Classic hip-hop has become radio's most popular new format, as stations focus on nostalgia of hip-hop generation; at least nine varieties of vintage music have launched recently, pleasing listeners and precipitating old fashioned format turf war in national radio market. Read more..

By BEN SISARIO - The New York Times

Daily Report: Robots Grow Smarter, Testing American Workers

Concern about technology — the printing press, the steam engine or the computer — supplanting humans is not new. But this time may be different. Read more..

By THE NEW YORK TIMES - The New York Times

Dalian Wanda Commercial, a Chinese Developer, Raises $3.7 Billion in I.P.O.

The offering is the largest listing in Asia this year, and also the biggest ever for a real estate company. Read more..

By ALEXANDRA STEVENSON and MICHAEL FORSYTHE - The New York Times

Interest Rate Raised to 17% in Russia

Russia's central bank raises its main interest rate to 17 percent, up from 10.5 percent, in effort to maintain value of declining ruble; investors may view as sign of growing chaos in economy; some economists worry country is mired in stagflation. Read more..

By DAVID M. HERSZENHORN and NEIL IRWIN - The New York Times

R.B.S. Sells Portfolio of Irish Loans to Cerberus for $1.72 Billion

The sale is the latest effort by R.B.S., which is 81 percent owned by the British government, to shed riskier assets. Read more..

By CHAD BRAY - The New York Times

Recalls of Cars Abroad Prompt No Urgency in U.S.

A Times examination of actions by major United States automakers found different standards for recalls of substantially similar vehicles. Read more..

By DANIELLE IVORY and REBECCA R. RUIZ - The New York Times

Today in Small Business: Yelp's Gift to Business Owners

Americans are spending more than ever on fancy dog food. Monday was the biggest shipping day of the year. And more companies are signing up for Apple Pay. Read more..

By GENE MARKS - The New York Times

U.A.W. Pledges to Pursue Higher Wages Next Year

United Auto Workers president Dennis Williams says union will be asking for wage increases for its members in 2015 contract talks; says workers deserve bigger share in success of car companies. Read more..

By BILL VLASIC - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 106.37 110.16 106.26 106.75 60.8M
General Electric GE 24.54 25.18 24.40 24.49 48.4M
Microsoft MSFT 45.90 46.34 45.13 45.16 47.8M
Cisco Systems CSCO 26.50 27.17 26.15 26.59 36.6M
Facebook FB 76.19 77.39 74.59 74.69 31.6M
Intel INTC 35.86 36.50 35.56 35.56 31.2M
AT&T Inc. T 32.24 32.81 32.12 32.14 28.9M
ExxonMobil XOM 86.38 89.20 86.19 86.41 26.4M
General Motors GM 30.62 31.06 30.30 30.73 24.3M
Wells Fargo & Co. WFC 52.82 53.77 52.73 52.77 24.2M
Pfizer PFE 30.83 31.56 30.64 30.67 23.7M
Coca-Cola KO 40.20 41.31 39.80 40.39 23.5M
Verizon Communications VZ 45.25 46.64 45.20 45.53 22.2M
JPMorgan Chase JPM 58.42 59.86 58.11 58.43 20.7M
Oracle Corp. ORCL 40.89 41.36 40.61 40.63 16.4M
Schlumberger SLB 78.87 83.41 78.47 80.19 16M
Comcast CMCSA 54.81 55.84 54.74 54.81 15.8M
McDonald's MCD 88.07 90.75 87.62 88.72 15.1M
Gilead Sciences GILD 102.64 102.91 100.39 100.46 13M
ConocoPhillips COP 61.44 64.98 60.84 63.22 13M
Chevron CVX 100.50 104.47 100.15 101.70 12.7M
HP Inc. HPQ 37.22 38.31 37.11 37.32 11.4M
Merck MRK 56.97 58.29 56.78 56.80 11.2M
Johnson & Johnson JNJ 103.48 105.21 102.50 102.76 10.2M
Procter & Gamble PG 89.14 90.96 88.38 89.36 8.78M
Altria MO 49.20 50.40 48.91 49.33 8.66M
Boeing BA 125.04 125.54 123.91 124.25 7.92M
Home Depot HD 99.38 100.23 96.99 97.06 7.83M
Bristol-Myers Squibb BMY 58.30 58.95 57.67 57.69 7.6M
Wal-Mart Stores WMT 83.62 84.76 82.94 82.96 7.44M
Pepsico PEP 93.54 94.97 92.53 92.59 6.96M
International Business Machines IBM 152.03 154.89 150.50 151.41 6.78M
Walt Disney & Co. DIS 90.50 92.00 90.13 90.17 6.55M
Amazon AMZN 304.35 304.49 295.01 295.06 6.5M
Abbott Laboratories ABT 43.23 44.42 43.10 43.40 6.19M
United Technologies UTX 112.23 114.70 111.33 113.23 5.15M
Berkshire Hathaway BRK.B 145.37 148.73 145.00 145.28 5.02M
UnitedHealth Group UNH 97.65 98.78 95.75 95.85 4.84M
Union Pacific UNP 111.77 114.98 111.57 112.20 4.83M
Amgen AMGN 157.68 163.96 157.50 159.44 4.49M
Alphabet GOOGL 513.60 515.58 497.19 498.16 4.35M
3M MMM 157.26 161.44 157.08 159.05 3.38M
Visa V 252.92 258.45 252.35 253.41 3.01M
Exchange Rates of December 16, 2014
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.799 EUR 1 EUR = 1.252 USD
US Dollar Japanese Yen 1 USD = 116.499 JPY 1 JPY = 0.009 USD
US Dollar Pound Sterling 1 USD = 0.635 GBP 1 GBP = 1.575 USD
US Dollar Australian Dollar 1 USD = 1.217 AUD 1 AUD = 0.822 USD
US Dollar Canadian Dollar 1 USD = 1.163 CAD 1 CAD = 0.860 USD
US Dollar Swiss Franc 1 USD = 0.960 CHF 1 CHF = 1.042 USD
US Dollar Chinese Yuan 1 USD = 6.190 CNY 1 CNY = 0.162 USD
US Dollar Mexican Peso 1 USD = 14.737 MXN 1 MXN = 0.068 USD
US Dollar Swidish Krona 1 USD = 7.601 SEK 1 SEK = 0.132 USD
Euro Japanese Yen 1 EUR = 145.756 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.794 GBP 1 GBP = 1.259 EUR
Euro Australian Dollar 1 EUR = 1.522 AUD 1 AUD = 0.657 EUR
Euro Canadian Dollar 1 EUR = 1.454 CAD 1 CAD = 0.688 EUR
Euro Swiss Franc 1 EUR = 1.201 CHF 1 CHF = 0.833 EUR
Euro Chinese Yuan 1 EUR = 7.743 CNY 1 CNY = 0.129 EUR
Euro Mexican Peso 1 EUR = 18.441 MXN 1 MXN = 0.054 EUR
Euro Swidish Krona 1 EUR = 9.521 SEK 1 SEK = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.005 GBP 1 GBP = 185.185 JPY
Japanese Yen Australian Dollar 1 JPY = 0.010 AUD 1 AUD = 96.154 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.010 CAD 1 CAD = 100.000 JPY
Japanese Yen Swiss Franc 1 JPY = 0.008 CHF 1 CHF = 121.951 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.053 CNY 1 CNY = 18.832 JPY
Japanese Yen Mexican Peso 1 JPY = 0.127 MXN 1 MXN = 7.893 JPY
Japanese Yen Swidish Krona 1 JPY = 0.065 SEK 1 SEK = 15.337 JPY
Pound Sterling Australian Dollar 1 GBP = 1.916 AUD 1 AUD = 0.522 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.831 CAD 1 CAD = 0.546 GBP
Pound Sterling Swiss Franc 1 GBP = 1.511 CHF 1 CHF = 0.662 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.746 CNY 1 CNY = 0.103 GBP
Pound Sterling Mexican Peso 1 GBP = 23.209 MXN 1 MXN = 0.043 GBP
Pound Sterling Swidish Krona 1 GBP = 11.968 SEK 1 SEK = 0.084 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.955 CAD 1 CAD = 1.047 AUD
Australian Dollar Swiss Franc 1 AUD = 0.789 CHF 1 CHF = 1.268 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.088 CNY 1 CNY = 0.197 AUD
Australian Dollar Mexican Peso 1 AUD = 12.126 MXN 1 MXN = 0.082 AUD
Australian Dollar Swidish Krona 1 AUD = 6.243 SEK 1 SEK = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.825 CHF 1 CHF = 1.212 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.322 CNY 1 CNY = 0.188 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.683 MXN 1 MXN = 0.079 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.535 SEK 1 SEK = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.447 CNY 1 CNY = 0.155 CHF
Swiss Franc Mexican Peso 1 CHF = 15.366 MXN 1 MXN = 0.065 CHF
Swiss Franc Swidish Krona 1 CHF = 7.922 SEK 1 SEK = 0.126 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.227 SEK 1 SEK = 0.815 CNY

See what else happened on December 16, 2014