Financial news on December 17, 2014

Business and Financial news
An Online Merchant Collects 'Likes,' But Is This the Way to Use Facebook?

Andrew Royce Bauer says his Facebook strategy may be a little “spammy” but it works. What do you think? Read more..

By IAN MOUNT - The New York Times

Apple Wins Decade-Old Suit Over iTunes Updates

Federal court in California rejects decade-old antitrust lawsuit against Apple, which alleged that company created monopoly over the digital music market when they sold iPods that could only play songs from iTunes or those downloaded from CDs; verdict ends class-action suit that was in various courts in various forms, containing various accusations. Read more..

By BRIAN X. CHEN - The New York Times

A Steep Slide in Law School Enrollment Accelerates

The 37,924 full- and part-time students who started classes this fall represent a 30 percent decline from just four years ago, when enrollment peaked at 52,488. Read more..


British Government to Further Reduce Lloyds Banking Stake

Under a prearranged trading plan, Morgan Stanley will gradually sell a portion of the British government’s holdings in Lloyds over the next six months, in an orderly and measured way. Read more..

By CHAD BRAY - The New York Times

Good Place to Kick Back

Timothy Polin, you conniving constructor, you. It’s puzzles like this that make solving worthwhile. Read more..

By DEB AMLEN - The New York Times

Guardrail Maker Trinity Industries Conducts More Tests for Malfunction

Trinity Industries conducts second of eight crash tests on its ET-Plus guardrail systems, after questions arise if some units being evaluated differ from those previously installed; company is involved in whistle-blower case that alleges half of Trinity's guardrails tested in Texas exceed company's own manufacturing tolerances. Read more..

By AARON M. KESSLER - The New York Times

Philips Agrees to Acquire Maker of Medical Devices for $1.2 Billion

Acquisition of Volcano, a maker of catheter-based imaging and measurement devices, would bolster Philips’s lineup of medical imaging devices and expand its opportunities to sell its existing products to Volcano customers. Read more..

By CHAD BRAY - The New York Times

Today in Small Business: The Year's Best Franchises

Can the S.B.A. stay relevant? Will a subscription model work for the movies? Is it acceptable to read and respond to messages during a meeting? Read more..

By GENE MARKS - The New York Times

Uber Pledges to Strengthen Background Checks for Drivers

The popular ride-hailing start-up said it would add more tools and safety programs to improve the company’s screening of its drivers. Read more..

By MIKE ISAAC - The New York Times

UBS to Nominate Former Head of JPMorgan's Investment Bank to Board

James E. Staley, a managing partner at the New York hedge fund BlueMountain Capital Management, is expected to be considered for the board during UBS’s annual meeting in May, and to join the bank’s risk committee. Read more..

By CHAD BRAY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE24.6124.7224.0624.6677.6M
Cisco SystemsCSCO26.6226.9026.4726.8136.6M
AT&T Inc.T32.2232.8032.1632.6728.9M
Verizon CommunicationsVZ45.4046.6945.3046.4423.7M
Wells Fargo & Co.WFC53.0453.8552.9453.7919.8M
Oracle Corp.ORCL41.0641.6340.6841.1618.2M
JPMorgan ChaseJPM58.5759.8358.3459.7717.9M
Gilead SciencesGILD100.47102.7499.56102.4013.6M
General MotorsGM30.8131.3030.6431.1513.3M
HP Inc.HPQ38.0438.7637.9138.6511.5M
Johnson & JohnsonJNJ103.27104.49102.70104.0710.2M
Procter & GamblePG89.5691.1689.4090.707.42M
Bristol-Myers SquibbBMY57.8759.3857.6059.197.14M
Walt Disney & Co.DIS90.3691.6890.2091.386.89M
Wal-Mart StoresWMT83.2884.2682.9584.236.64M
UnitedHealth GroupUNH96.5599.7596.1799.146.24M
Home DepotHD97.5999.1497.0998.946.1M
Union PacificUNP112.44115.42111.28114.925.54M
International Business MachinesIBM151.52153.31151.11151.935.14M
Abbott LaboratoriesABT43.4744.3643.4144.265.05M
United TechnologiesUTX113.51114.34111.82113.905.03M
Berkshire HathawayBRK.B145.76148.63145.53148.454.85M
Exchange Rates of December 17, 2014
CurrenciesExchange Rates
US DollarEuro1 USD = 0.811 EUR1 EUR = 1.234 USD
US DollarJapanese Yen1 USD = 118.869 JPY1 JPY = 0.008 USD
US DollarPound Sterling1 USD = 0.642 GBP1 GBP = 1.557 USD
US DollarAustralian Dollar1 USD = 1.230 AUD1 AUD = 0.813 USD
US DollarCanadian Dollar1 USD = 1.164 CAD1 CAD = 0.859 USD
US DollarSwiss Franc1 USD = 0.974 CHF1 CHF = 1.027 USD
US DollarChinese Yuan1 USD = 6.197 CNY1 CNY = 0.161 USD
US DollarMexican Peso1 USD = 14.571 MXN1 MXN = 0.069 USD
US DollarSwidish Krona1 USD = 7.669 SEK1 SEK = 0.130 USD
EuroJapanese Yen1 EUR = 146.584 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.792 GBP1 GBP = 1.263 EUR
EuroAustralian Dollar1 EUR = 1.516 AUD1 AUD = 0.660 EUR
EuroCanadian Dollar1 EUR = 1.436 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.201 CHF1 CHF = 0.833 EUR
EuroChinese Yuan1 EUR = 7.642 CNY1 CNY = 0.131 EUR
EuroMexican Peso1 EUR = 17.969 MXN1 MXN = 0.056 EUR
EuroSwidish Krona1 EUR = 9.458 SEK1 SEK = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.005 GBP1 GBP = 185.185 JPY
Japanese YenAustralian Dollar1 JPY = 0.010 AUD1 AUD = 97.087 JPY
Japanese YenCanadian Dollar1 JPY = 0.010 CAD1 CAD = 102.041 JPY
Japanese YenSwiss Franc1 JPY = 0.008 CHF1 CHF = 121.951 JPY
Japanese YenChinese Yuan1 JPY = 0.052 CNY1 CNY = 19.194 JPY
Japanese YenMexican Peso1 JPY = 0.123 MXN1 MXN = 8.157 JPY
Japanese YenSwidish Krona1 JPY = 0.065 SEK1 SEK = 15.504 JPY
Pound SterlingAustralian Dollar1 GBP = 1.914 AUD1 AUD = 0.522 GBP
Pound SterlingCanadian Dollar1 GBP = 1.812 CAD1 CAD = 0.552 GBP
Pound SterlingSwiss Franc1 GBP = 1.516 CHF1 CHF = 0.660 GBP
Pound SterlingChinese Yuan1 GBP = 9.648 CNY1 CNY = 0.104 GBP
Pound SterlingMexican Peso1 GBP = 22.686 MXN1 MXN = 0.044 GBP
Pound SterlingSwidish Krona1 GBP = 11.938 SEK1 SEK = 0.084 GBP
Australian DollarCanadian Dollar1 AUD = 0.947 CAD1 CAD = 1.056 AUD
Australian DollarSwiss Franc1 AUD = 0.792 CHF1 CHF = 1.263 AUD
Australian DollarChinese Yuan1 AUD = 5.033 CNY1 CNY = 0.199 AUD
Australian DollarMexican Peso1 AUD = 11.835 MXN1 MXN = 0.084 AUD
Australian DollarSwidish Krona1 AUD = 6.235 SEK1 SEK = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 0.836 CHF1 CHF = 1.196 CAD
Canadian DollarChinese Yuan1 CAD = 5.321 CNY1 CNY = 0.188 CAD
Canadian DollarMexican Peso1 CAD = 12.514 MXN1 MXN = 0.080 CAD
Canadian DollarSwidish Krona1 CAD = 6.584 SEK1 SEK = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.363 CNY1 CNY = 0.157 CHF
Swiss FrancMexican Peso1 CHF = 14.965 MXN1 MXN = 0.067 CHF
Swiss FrancSwidish Krona1 CHF = 7.873 SEK1 SEK = 0.127 CHF
Chinese YuanSwidish Krona1 CNY = 1.229 SEK1 SEK = 0.814 CNY

See what else happened on December 17, 2014