Financial news on January 16th, 2013

Business and Financial news
2 Makers Press the Case for Electric Cars

General Motors and Nissan, two of the biggest makers of electric cars, are eager to bring more models to showrooms despite sluggish sales and little interest from buyers; GM aims for the luxury market with the Cadillac ELR, and Nissan introduces a cheaper Leaf vehicle, proving both companies are in the electric-car business for the long haul. Read more..

By BILL VLASIC - The New York Times

Already Wooing Tenants in Hudson Yards

Quest for corporate tenants who may be considering relocation has started as the new Hudson Yards District on the far west side of Manhattan takes shape; area stretches from 30th to 42nd streets and Eighth Avenue to the Hudson River and will support some 25 million square feet of office space and 20,000 residential units. Read more..

By PETER SLATIN - The New York Times

Amazon Drives Seattle Office Market Surge

Amazon is responsible for Seattle's biggest real estate deal of the year and its largest lease for1.8-million-square-foot headquarters; anticipated height rezoning with project has attracted other potential investors. Read more..

By KRISTINA SHEVORY - The New York Times

Better-Than-Expected Retail Report Lifts Shares

Wall Street edges higher after retail data comes in stronger than projected, although tech heavyweight Apple drags on the market for a third day. Read more..

By REUTERS - The New York Times

David T. Ennis

Vivian Marino 30-Minute Interview with Daten Group founder David T Ennis; Daten Group is real estate development and consulting company based in New York. Read more..

By VIVIAN MARINO - The New York Times

F.D.A. Threatens to Discipline St. Jude on Heart Device

Food and Drug Administration releases sharply worded warning letter to St Jude Medical in which it says it might soon fine company or take other actions for failing to address agency concerns about widely used heart device component called the Durata, which connects implanted defibrillator to patient's heart. Read more..

By BARRY MEIER - The New York Times

On Print’s Turf, Google Wins for Creativity

Stuart Elliott Advertising column; Google Creative Lab unit of the search giant receives $1 million in full-page advertising space in USA Today after wining a contest that coincided with a redesign of the newspaper; winning ad promotes Google Plus Hangout service as an alternative to in-person meetings. Read more..

By STUART ELLIOTT - The New York Times

Rights Group Reports on Abuses of Surveillance and Censorship Technology

Citizen Lab Internet, Canadian human rights monitoring group, says it has documented the use of American-made Internet surveillance and censorship technology by more than dozen governments, some with harsh human rights policies. Read more..

By JOHN MARKOFF - The New York Times

Top Airlines in Japan Grounding Boeing 787s

Japan’s two largest airlines said they would ground their fleets of Boeing’s new 787 aircraft after one operated by All Nippon Airways made an emergency landing in western Japan. Read more..


When Public Outperforms Private in Services

Eduardo Porter Economic Scene column says that as government seeks ways to save cash by outsourcing services, it might be wise to keep in mind that private efforts need clear goals and close monitoring, lest they veer in unintended directions. Read more..

By EDUARDO PORTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ16.5017.3216.4917.2147M
JPMorgan ChaseJPM45.9146.8345.5746.8243.5M
Cisco SystemsCSCO20.9121.1820.8821.0339.7M
General ElectricGE21.1521.2021.0621.1238.9M
AT&T Inc.T33.6333.6833.1633.2633.8M
General MotorsGM29.5729.7328.8329.3128.3M
Oracle Corp.ORCL34.6334.8734.5634.6417.6M
Abbott LaboratoriesABT33.1533.1632.6032.7017.5M
Verizon CommunicationsVZ41.9142.0541.5041.5117.5M
Wells Fargo & Co.WFC34.9735.2934.9135.0916.8M
Johnson & JohnsonJNJ72.2672.8272.2572.588.78M
Walt Disney & Co.DIS50.8551.7850.8051.537.37M
Procter & GamblePG69.4269.7069.1169.347.06M
UnitedHealth GroupUNH53.6453.8053.3453.666.47M
Bristol-Myers SquibbBMY34.2034.4034.1834.336.28M
Gilead SciencesGILD77.3077.4576.5977.175.21M
Wal-Mart StoresWMT68.9469.3768.8969.214.92M
Home DepotHD63.6464.0063.5563.863.92M
Berkshire HathawayBRK.B95.2095.2894.8195.033.81M
International Business MachinesIBM192.00193.18191.35192.592.96M
United TechnologiesUTX85.5485.8185.1585.572.45M
Union PacificUNP130.97131.81130.65131.361.02M
Exchange Rates of January 16th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.370 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 0.986 CAD1 CAD = 1.015 USD
US DollarSwiss Franc1 USD = 0.931 CHF1 CHF = 1.074 USD
US DollarChinese Yuan1 USD = 6.217 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 117.430 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.830 GBP1 GBP = 1.205 EUR
EuroAustralian Dollar1 EUR = 1.257 AUD1 AUD = 0.796 EUR
EuroCanadian Dollar1 EUR = 1.310 CAD1 CAD = 0.763 EUR
EuroSwiss Franc1 EUR = 1.237 CHF1 CHF = 0.808 EUR
EuroChinese Yuan1 EUR = 8.265 CNY1 CNY = 0.121 EUR
Japanese YenPound Sterling1 JPY = 0.707 GBP1 GBP = 1.415 JPY
Japanese YenAustralian Dollar1 JPY = 1.070 AUD1 AUD = 0.935 JPY
Japanese YenCanadian Dollar1 JPY = 1.115 CAD1 CAD = 0.897 JPY
Japanese YenSwiss Franc1 JPY = 1.053 CHF1 CHF = 0.950 JPY
Pound SterlingAustralian Dollar1 GBP = 1.514 AUD1 AUD = 0.661 GBP
Pound SterlingCanadian Dollar1 GBP = 1.577 CAD1 CAD = 0.634 GBP
Pound SterlingSwiss Franc1 GBP = 1.490 CHF1 CHF = 0.671 GBP
Pound SterlingChinese Yuan1 GBP = 9.956 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.042 CAD1 CAD = 0.960 AUD
Australian DollarSwiss Franc1 AUD = 0.984 CHF1 CHF = 1.016 AUD
Australian DollarChinese Yuan1 AUD = 6.577 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.943 CHF1 CHF = 1.060 CAD
Canadian DollarChinese Yuan1 CAD = 6.309 CNY1 CNY = 0.159 CAD
Swiss FrancChinese Yuan1 CHF = 6.681 CNY1 CNY = 0.150 CHF

See what else happened on January 16th, 2013