Financial news on January 16th, 2013
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.97||35.29||34.91||35.09||16.8M|
|Johnson & Johnson||JNJ||72.26||72.82||72.25||72.58||8.78M|
|Walt Disney & Co.||DIS||50.85||51.78||50.80||51.53||7.37M|
|Procter & Gamble||PG||69.42||69.70||69.11||69.34||7.06M|
|International Business Machines||IBM||192.00||193.18||191.35||192.59||2.96M|
Exchange Rates of January 16th, 2013
|US Dollar||Japanese Yen||1 USD = 88.370 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 0.986 CAD||1 CAD = 1.015 USD|
|US Dollar||Swiss Franc||1 USD = 0.931 CHF||1 CHF = 1.074 USD|
|US Dollar||Chinese Yuan||1 USD = 6.217 CNY||1 CNY = 0.161 USD|
|Euro||Japanese Yen||1 EUR = 117.430 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.830 GBP||1 GBP = 1.205 EUR|
|Euro||Australian Dollar||1 EUR = 1.257 AUD||1 AUD = 0.796 EUR|
|Euro||Canadian Dollar||1 EUR = 1.310 CAD||1 CAD = 0.763 EUR|
|Euro||Swiss Franc||1 EUR = 1.237 CHF||1 CHF = 0.808 EUR|
|Euro||Chinese Yuan||1 EUR = 8.265 CNY||1 CNY = 0.121 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.707 GBP||1 GBP = 1.415 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.070 AUD||1 AUD = 0.935 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.115 CAD||1 CAD = 0.897 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.053 CHF||1 CHF = 0.950 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.514 AUD||1 AUD = 0.661 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.577 CAD||1 CAD = 0.634 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.490 CHF||1 CHF = 0.671 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.956 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.042 CAD||1 CAD = 0.960 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.984 CHF||1 CHF = 1.016 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.577 CNY||1 CNY = 0.152 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.943 CHF||1 CHF = 1.060 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.309 CNY||1 CNY = 0.159 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.681 CNY||1 CNY = 0.150 CHF|