Financial news on October 16th, 2013

Business and Financial news
A Digitally Smart Designer Takes the Reins at Burberry

Burberry design director Christopher Bailey will become chief executive, replacing Angela Ahrendts, who is leaving to join Apple. Read more..

By SUZY MENKES and DAVID JOLLY - The New York Times

Coca-Cola’s Net Income Rises Despite a Drop in Revenue

Revenue for the third-quarter at Coke, the world’s largest soft drink company, declined 3 percent but the company expects its sales in emerging markets to grow. Read more..

By REUTERS - The New York Times

E.U. Takes Final Step on Unified Bank Regulation

An agreement by Britain cleared the way for rules placing big euro zone lenders under the supervision of the European Central Bank. Read more..

By JAMES KANTER - The New York Times

Facebook Eases Privacy Rules for Teenagers

Teenagers will now be able to post items that can be seen by the public, making it easier for the social network to turn a post into an ad that can be shown widely. Read more..

By VINDU GOEL - The New York Times

Prospect of U.S. Default Keeps European Business on Edge

Some business executives outside of the United States fear that, even with a debt-ceiling solution, the world economy may suffer damage that may not be easy to reverse. Read more..

By JACK EWING - The New York Times

Real Estate Heating Up in Indonesia

Officials, brokers and developers are debating whether Indonesia's resurgent commercial and residential real estate markets are a cause for jubilation or concern; high rents and prices have been subject of particular scrutiny because real estate helped cause financial collapse in late 1990s and because currency has been one of hardest hit among emerging markets in recent months. Read more..

By KEITH BRADSHER - The New York Times

Recent Commercial Real Estate

Notable properties that have been recently listed for sale, sold or leased. Read more..

By ROSALIE R. RADOMSKY - The New York Times

Reporter Tied to Snowden Leaks to Leave Guardian

Lawyer and writer Glenn Greenwald says he is leaving Guardian, British daily, for new journalistic venture; he provided biggest journalistic disclosure of year when he published revelations from Edward J Snowden about government surveillance. Read more..


Rich Americans Snap Up Irish Castles for Love and Discounts

Increasing number of Americans with deep pockets and traceable Irish roots pay cash to buy Irish castles and manor houses at bargain rates; many properties are being sold for about third of 2007 levels. Read more..

By KERRY HANNON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.2223.3022.8123.0040.5M
General ElectricGE24.3524.4024.1324.3630.2M
Wells Fargo & Co.WFC41.9142.6341.7542.2125.9M
JPMorgan ChaseJPM52.6154.0552.5854.0024.9M
Verizon CommunicationsVZ46.6047.4446.4047.2518.9M
AT&T Inc.T33.9034.2033.8934.2018.7M
HP Inc.HPQ22.9323.3522.8123.2817.4M
Abbott LaboratoriesABT34.3536.0734.2435.9017M
Oracle Corp.ORCL32.9133.2032.8933.0216.4M
General MotorsGM35.0235.2134.7835.1315.5M
Home DepotHD75.4475.5974.5774.9412.9M
Gilead SciencesGILD64.0665.7463.8565.658.34M
Johnson & JohnsonJNJ90.4291.1790.1691.118.12M
Walt Disney & Co.DIS66.6466.8666.1366.357.72M
Bristol-Myers SquibbBMY47.8548.8847.7048.807.09M
International Business MachinesIBM185.42186.73184.99186.736.72M
Procter & GamblePG77.3578.4977.2678.346.56M
Wal-Mart StoresWMT74.8175.6274.5775.605.91M
UnitedHealth GroupUNH74.5075.4974.3875.194.37M
Berkshire HathawayBRK.B115.20116.79114.97116.693.74M
United TechnologiesUTX106.51107.14105.97106.433.25M
Union PacificUNP157.15157.99155.91157.161.81M
Exchange Rates of October 16th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98.760 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.033 CAD1 CAD = 0.969 USD
US DollarSwiss Franc1 USD = 0.913 CHF1 CHF = 1.095 USD
US DollarChinese Yuan1 USD = 6.100 CNY1 CNY = 0.164 USD
EuroJapanese Yen1 EUR = 133.710 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.848 GBP1 GBP = 1.179 EUR
EuroAustralian Dollar1 EUR = 1.416 AUD1 AUD = 0.706 EUR
EuroCanadian Dollar1 EUR = 1.398 CAD1 CAD = 0.716 EUR
EuroSwiss Franc1 EUR = 1.236 CHF1 CHF = 0.809 EUR
EuroChinese Yuan1 EUR = 8.256 CNY1 CNY = 0.121 EUR
Japanese YenPound Sterling1 JPY = 0.634 GBP1 GBP = 1.577 JPY
Japanese YenAustralian Dollar1 JPY = 1.058 AUD1 AUD = 0.945 JPY
Japanese YenCanadian Dollar1 JPY = 1.045 CAD1 CAD = 0.957 JPY
Japanese YenSwiss Franc1 JPY = 0.924 CHF1 CHF = 1.082 JPY
Pound SterlingAustralian Dollar1 GBP = 1.668 AUD1 AUD = 0.599 GBP
Pound SterlingCanadian Dollar1 GBP = 1.647 CAD1 CAD = 0.607 GBP
Pound SterlingSwiss Franc1 GBP = 1.457 CHF1 CHF = 0.686 GBP
Pound SterlingChinese Yuan1 GBP = 9.730 CNY1 CNY = 0.103 GBP
Australian DollarCanadian Dollar1 AUD = 0.987 CAD1 CAD = 1.013 AUD
Australian DollarSwiss Franc1 AUD = 0.873 CHF1 CHF = 1.146 AUD
Australian DollarChinese Yuan1 AUD = 5.832 CNY1 CNY = 0.171 AUD
Canadian DollarSwiss Franc1 CAD = 0.884 CHF1 CHF = 1.131 CAD
Canadian DollarChinese Yuan1 CAD = 5.906 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.677 CNY1 CNY = 0.150 CHF

See what else happened on October 16th, 2013