Financial news on February 17, 2012

Business and Financial news
Business Day Live | February 17, 2012

An interview with Shaun Donovan, secretary of housing and urban development | James B. Stewart discusses his column about inequities in the tax code. Read more..

Mac William Bishop, Pedro Rosado, Matthew Orr and Sean Patrick Farrell - The New York Times

Citing Losses, Postal Service Seeks Higher Stamp Prices

United States Postal Service warns it will lose as much as $18.2 billion a year by 2015 unless Congress allows it to eliminate Saturday delivery, slow first-class mail by one day and raise the price of stamps. Read more..

By THE ASSOCIATED PRESS - The New York Times

Needing an Artist, and Calling on India

Music video produced inexpensively in India illustrates the breadth of outsourcing, including specialized skills that were once considered unexportable; while outsourcing was once viewed strictly as a cost-cutting privilege of giant corporations, it is increasingly available to smaller companies and even individuals. Read more..

By BEN SISARIO - The New York Times

New Apple Operating System Aims to Knit Together Its Products

Apple releases a preview of Mountain Lion, its new software for Mac computers; some of its features move it closer to iOS, which runs Apple’s tablets and phones; with the release, the company is sending a clear message that its goal is to integrate its products. Read more..

By BRIAN X. CHEN - The New York Times

Oasis of Resiliency, Malta Has Confidence in Its Market

Several developments show sales that belie the island’s sluggish economy. Read more..

By JON GORVETT - International Herald Tribune

Profit Rises at Molson Coors, Beating Wall St. Estimates

The brewing company said results improved as it increased prices and cut costs. Read more..

By REUTERS - The New York Times

Responding to Tough Terms, Chrysler Withdraws Bid for U.S. Loans

Chrysler, in the midst of a financial turnaround, drops its request for $3.5 billion in federal loans intended to help develop more fuel-efficient vehicles. Read more..

By BILL VLASIC - The New York Times

School Boosts Home Values in an Auckland Neighborhood

Newcomers, especially Asian immigrants to New Zealand, show preference for the Epsom area, part of the Grammar Zone. Read more..

By JONATHAN HUTCHISON - International Herald Tribune

Strong Demand Supports a Spanish Bond Auction

Spain is leading the pack in Europe in making use of the window of opportunity offered by the European Central Bank's expanded lending to euro zone banks; sells 4.07 billion euros ($5.3 billion) in bonds, slightly above its target of 4 billion euros. Read more..

By RAPHAEL MINDER - The New York Times

Upturn in Job Market Sets Off a Rally

Stock market rises on the strength of the job market and other economic news. Read more..

By THE ASSOCIATED PRESS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 26.86 27.50 26.82 27.37 74.3M
Microsoft MSFT 31.20 31.32 30.95 31.25 70M
Gilead Sciences GILD 46.00 47.88 45.60 47.00 62.5M
General Electric GE 19.18 19.32 19.11 19.28 58.1M
Cisco Systems CSCO 20.20 20.35 20.00 20.29 54.2M
Wells Fargo & Co. WFC 30.56 31.13 30.34 31.09 35.7M
Pfizer PFE 21.48 21.48 21.11 21.19 34.6M
Oracle Corp. ORCL 29.03 29.03 28.64 28.79 34.1M
AT&T Inc. T 30.14 30.15 30.00 30.01 31.3M
JPMorgan Chase JPM 38.60 38.64 38.23 38.47 28M
Comcast CMCSA 28.50 29.27 28.40 29.17 23.5M
Bristol-Myers Squibb BMY 32.65 33.26 32.50 33.12 20.5M
Apple AAPL 503.11 507.77 500.30 502.12 19.1M
HP Inc. HPQ 29.95 30.00 29.53 29.59 18.5M
Merck MRK 38.62 38.88 38.32 38.56 18M
General Motors GM 27.17 27.68 27.01 27.34 17.6M
ExxonMobil XOM 86.07 86.12 84.92 85.62 16.6M
Abbott Laboratories ABT 56.21 56.48 56.04 56.36 16.2M
Pepsico PEP 62.57 62.76 62.33 62.68 14.6M
Verizon Communications VZ 38.29 38.55 38.16 38.46 12.1M
Home Depot HD 46.15 46.72 46.09 46.71 11.6M
ConocoPhillips COP 73.15 73.52 72.96 73.36 10.5M
Procter & Gamble PG 65.49 65.54 64.90 64.91 10.3M
Altria MO 29.73 29.75 29.43 29.65 10.2M
Johnson & Johnson JNJ 65.22 65.28 64.81 64.99 9.06M
Schlumberger SLB 78.58 78.67 77.58 77.74 8.6M
Wal-Mart Stores WMT 62.32 62.57 61.91 62.48 8.19M
Walt Disney & Co. DIS 41.71 41.86 41.55 41.75 7.76M
Coca-Cola KO 69.07 69.17 68.60 69.05 7.42M
Amazon AMZN 180.09 183.41 179.36 182.50 7.42M
UnitedHealth Group UNH 54.81 54.85 54.54 54.68 6.39M
Chevron CVX 107.02 107.24 106.04 106.66 5.67M
Berkshire Hathaway BRK.B 79.28 79.65 78.88 79.42 5.6M
Amgen AMGN 68.64 68.66 67.77 67.78 4.97M
McDonald's MCD 99.66 100.25 99.41 99.99 4.93M
Boeing BA 75.53 75.55 75.02 75.35 4.93M
Alphabet GOOGL 604.97 607.63 602.40 604.64 4.89M
Union Pacific UNP 109.65 111.35 109.14 110.99 3.94M
Visa V 114.41 115.25 113.80 115.01 3.88M
United Technologies UTX 83.83 84.19 83.47 83.78 3.82M
International Business Machines IBM 193.71 193.86 192.30 193.42 3.75M
3M MMM 87.99 88.15 87.48 87.56 2.83M
Exchange Rates of February 17, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 79.570 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.997 CAD 1 CAD = 1.003 USD
US Dollar Swiss Franc 1 USD = 0.919 CHF 1 CHF = 1.088 USD
US Dollar Chinese Yuan 1 USD = 6.299 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 104.560 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.831 GBP 1 GBP = 1.204 EUR
Euro Australian Dollar 1 EUR = 1.228 AUD 1 AUD = 0.814 EUR
Euro Canadian Dollar 1 EUR = 1.310 CAD 1 CAD = 0.763 EUR
Euro Swiss Franc 1 EUR = 1.208 CHF 1 CHF = 0.828 EUR
Euro Chinese Yuan 1 EUR = 8.282 CNY 1 CNY = 0.121 EUR
Japanese Yen Pound Sterling 1 JPY = 0.794 GBP 1 GBP = 1.259 JPY
Japanese Yen Australian Dollar 1 JPY = 1.174 AUD 1 AUD = 0.852 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.252 CAD 1 CAD = 0.799 JPY
Japanese Yen Swiss Franc 1 JPY = 1.156 CHF 1 CHF = 0.865 JPY
Pound Sterling Australian Dollar 1 GBP = 1.478 AUD 1 AUD = 0.677 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.577 CAD 1 CAD = 0.634 GBP
Pound Sterling Swiss Franc 1 GBP = 1.454 CHF 1 CHF = 0.688 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.967 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.067 CAD 1 CAD = 0.938 AUD
Australian Dollar Swiss Franc 1 AUD = 0.984 CHF 1 CHF = 1.017 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.744 CNY 1 CNY = 0.148 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.921 CHF 1 CHF = 1.086 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.320 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.853 CNY 1 CNY = 0.146 CHF

See what else happened on February 17, 2012