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..

By ELIZABETH OLSON and DAVID SEGAL - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 24.61 24.72 24.06 24.66 77.6M
Apple AAPL 107.12 109.84 106.82 109.41 53.4M
Cisco Systems CSCO 26.62 26.90 26.47 26.81 36.6M
Microsoft MSFT 45.05 45.95 44.90 45.74 35M
Intel INTC 35.62 36.33 35.33 36.24 31.6M
Facebook FB 75.01 76.41 74.90 76.11 29.2M
AT&T Inc. T 32.22 32.80 32.16 32.67 28.9M
Pfizer PFE 30.70 31.35 30.58 31.12 24.7M
Verizon Communications VZ 45.40 46.69 45.30 46.44 23.7M
ExxonMobil XOM 87.24 89.90 87.15 89.02 23.3M
Coca-Cola KO 40.44 41.76 40.38 41.55 20.2M
Wells Fargo & Co. WFC 53.04 53.85 52.94 53.79 19.8M
Oracle Corp. ORCL 41.06 41.63 40.68 41.16 18.2M
JPMorgan Chase JPM 58.57 59.83 58.34 59.77 17.9M
ConocoPhillips COP 64.14 67.67 64.01 66.94 15.4M
McDonald's MCD 88.93 92.05 88.50 91.65 14M
Schlumberger SLB 81.17 84.43 80.25 82.88 13.9M
Gilead Sciences GILD 100.47 102.74 99.56 102.40 13.6M
Chevron CVX 102.18 106.59 102.01 106.02 13.4M
General Motors GM 30.81 31.30 30.64 31.15 13.3M
Comcast CMCSA 54.74 55.49 54.74 55.34 12.8M
Merck MRK 57.05 57.80 56.56 57.63 12.7M
HP Inc. HPQ 38.04 38.76 37.91 38.65 11.5M
Johnson & Johnson JNJ 103.27 104.49 102.70 104.07 10.2M
Altria MO 49.54 50.20 49.14 49.94 7.95M
Procter & Gamble PG 89.56 91.16 89.40 90.70 7.42M
Bristol-Myers Squibb BMY 57.87 59.38 57.60 59.19 7.14M
Walt Disney & Co. DIS 90.36 91.68 90.20 91.38 6.89M
Boeing BA 124.28 125.38 123.42 125.06 6.73M
Wal-Mart Stores WMT 83.28 84.26 82.95 84.23 6.64M
UnitedHealth Group UNH 96.55 99.75 96.17 99.14 6.24M
Pepsico PEP 92.79 94.10 92.43 93.72 6.2M
Home Depot HD 97.59 99.14 97.09 98.94 6.1M
Union Pacific UNP 112.44 115.42 111.28 114.92 5.54M
International Business Machines IBM 151.52 153.31 151.11 151.93 5.14M
Abbott Laboratories ABT 43.47 44.36 43.41 44.26 5.05M
United Technologies UTX 113.51 114.34 111.82 113.90 5.03M
Berkshire Hathaway BRK.B 145.76 148.63 145.53 148.45 4.85M
Amazon AMZN 296.37 299.67 293.03 298.88 4.43M
3M MMM 159.29 160.89 157.78 160.60 3.95M
Alphabet GOOGL 499.86 509.07 499.11 506.45 3.64M
Amgen AMGN 159.46 164.01 158.60 163.48 3.42M
Visa V 254.12 259.56 253.70 259.08 2.43M
Exchange Rates of December 17, 2014
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.811 EUR 1 EUR = 1.234 USD
US Dollar Japanese Yen 1 USD = 118.869 JPY 1 JPY = 0.008 USD
US Dollar Pound Sterling 1 USD = 0.642 GBP 1 GBP = 1.557 USD
US Dollar Australian Dollar 1 USD = 1.230 AUD 1 AUD = 0.813 USD
US Dollar Canadian Dollar 1 USD = 1.164 CAD 1 CAD = 0.859 USD
US Dollar Swiss Franc 1 USD = 0.974 CHF 1 CHF = 1.027 USD
US Dollar Chinese Yuan 1 USD = 6.197 CNY 1 CNY = 0.161 USD
US Dollar Mexican Peso 1 USD = 14.571 MXN 1 MXN = 0.069 USD
US Dollar Swidish Krona 1 USD = 7.669 SEK 1 SEK = 0.130 USD
Euro Japanese Yen 1 EUR = 146.584 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.792 GBP 1 GBP = 1.263 EUR
Euro Australian Dollar 1 EUR = 1.516 AUD 1 AUD = 0.660 EUR
Euro Canadian Dollar 1 EUR = 1.436 CAD 1 CAD = 0.696 EUR
Euro Swiss Franc 1 EUR = 1.201 CHF 1 CHF = 0.833 EUR
Euro Chinese Yuan 1 EUR = 7.642 CNY 1 CNY = 0.131 EUR
Euro Mexican Peso 1 EUR = 17.969 MXN 1 MXN = 0.056 EUR
Euro Swidish Krona 1 EUR = 9.458 SEK 1 SEK = 0.106 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 = 97.087 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.010 CAD 1 CAD = 102.041 JPY
Japanese Yen Swiss Franc 1 JPY = 0.008 CHF 1 CHF = 121.951 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.052 CNY 1 CNY = 19.194 JPY
Japanese Yen Mexican Peso 1 JPY = 0.123 MXN 1 MXN = 8.157 JPY
Japanese Yen Swidish Krona 1 JPY = 0.065 SEK 1 SEK = 15.504 JPY
Pound Sterling Australian Dollar 1 GBP = 1.914 AUD 1 AUD = 0.522 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.812 CAD 1 CAD = 0.552 GBP
Pound Sterling Swiss Franc 1 GBP = 1.516 CHF 1 CHF = 0.660 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.648 CNY 1 CNY = 0.104 GBP
Pound Sterling Mexican Peso 1 GBP = 22.686 MXN 1 MXN = 0.044 GBP
Pound Sterling Swidish Krona 1 GBP = 11.938 SEK 1 SEK = 0.084 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.947 CAD 1 CAD = 1.056 AUD
Australian Dollar Swiss Franc 1 AUD = 0.792 CHF 1 CHF = 1.263 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.033 CNY 1 CNY = 0.199 AUD
Australian Dollar Mexican Peso 1 AUD = 11.835 MXN 1 MXN = 0.084 AUD
Australian Dollar Swidish Krona 1 AUD = 6.235 SEK 1 SEK = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.836 CHF 1 CHF = 1.196 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.321 CNY 1 CNY = 0.188 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.514 MXN 1 MXN = 0.080 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.584 SEK 1 SEK = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.363 CNY 1 CNY = 0.157 CHF
Swiss Franc Mexican Peso 1 CHF = 14.965 MXN 1 MXN = 0.067 CHF
Swiss Franc Swidish Krona 1 CHF = 7.873 SEK 1 SEK = 0.127 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.229 SEK 1 SEK = 0.814 CNY

See what else happened on December 17, 2014