Financial news on June 18, 2013

Business and Financial news
Crowds Protest as Indonesian Lawmakers Raise Fuel Prices

The government has said reducing spending on gasoline subsidies could help close a budget gap, but opponents say it will cause painful inflation. Read more..

By JOE COCHRANE - The New York Times

DreamWorks and Netflix in Deal for New TV Shows

DreamWorks Animation, trying to lessen its dependence on volatile movie business by aggressively expanding into TV programming, will supply Netflix with a flood of new episodic TV programs. Read more..

By BROOKS BARNES - The New York Times

Good Intent a Casualty of Factory Crash

The story of how a Spanish garment maker's dream of running an ethical business died in the rubble of Rana Plaza in Bangladesh is a cautionary tale for other global retailers. Read more..

By FRANK JACK DANIEL, SERAJUL QUADIR and FIONA ORTIZ | REUTERS - International Herald Tribune

Longing to Stay Wanted, MTV Turns Its Attention to Younger Viewers

Advertising column; MTV, trying to avoid a decline in viewership, plans to present a nationwide study of 1,800 'young millennials' aged 14 to 17 to marketers and programmers. Read more..

By AMY CHOZICK - The New York Times

Markets Rise on Thought That Fed Will Continue Stimulus

Stocks rise as investors guess that Federal Reserve will continue trying to prop up economy. Read more..

By THE ASSOCIATED PRESS - The New York Times

More Data on Privacy, but Picture Is No Clearer

Technology companies are under fire after revelations that they secretly handed over customer information, including e-mails, in response to requests by federal government made in name of national security; rather than providing clarity, some disclosures have left many questions unanswered. Read more..

By VINDU GOEL and CLAIRE CAIN MILLER - The New York Times

Regional Carriers Finding Larger Planes More Economical

An increase in jet fuel prices since 2000 has undermined the operating economics of smaller regional jets, the predominant aircraft used by the U.S. regionals. Read more..

By JANE L. LEVERE - International Herald Tribune

Solar-Powered Plane Faces the Human Factor

The designers of the Solar Impulse are tackling the challenge of accommodating the pilot of the electric-powered craft. Read more..

By MATTHEW L. WALD - The New York Times

The Leisure Pack Is Back

Business travelers, after years of relative privacy during recession, are being squeezed for hotel space and airline seats by growing crowds of leisure travelers; predictions have average hotel occupancy at 62.2 percent in 2013, while domestic flights will be 84 percent full. Read more..

By MARTHA C. WHITE - The New York Times

U.S. and Europe to Start Ambitious but Delicate Trade Talks

European Union leaders and Pres Obama, at two-day Group of 8 meeting in Northern Ireland, announce first round of far-reaching trans-Atlantic trade talks, but French indignation over remarks by high-ranking Belgian official creates sideshow. Read more..

By STEPHEN CASTLE and JACKIE CALMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
PfizerPFE29.1329.4529.0329.40160M
General ElectricGE23.8324.4523.7724.3372.8M
FacebookFB24.0924.6924.0824.2136.7M
IntelINTC25.0725.6525.0725.4736.7M
Cisco SystemsCSCO24.7224.9824.7024.8234.9M
MicrosoftMSFT34.9735.1734.9034.9828.6M
Oracle Corp.ORCL34.2634.5934.2134.4016.9M
Wells Fargo & Co.WFC40.7240.9740.6340.8415.8M
AT&T Inc.T35.8336.3535.7936.1715.4M
JPMorgan ChaseJPM54.0354.2753.7254.1113.3M
MerckMRK47.8848.0547.6647.7511.8M
HP Inc.HPQ25.1725.5525.1325.4411.5M
Verizon CommunicationsVZ50.8351.6950.7651.5511.1M
ExxonMobilXOM91.3692.0691.2691.9310.7M
General MotorsGM33.8034.0633.4434.019.93M
Coca-ColaKO40.7041.0040.5740.939.89M
ComcastCMCSA40.2240.7140.1640.399.6M
AltriaMO35.8436.2035.8436.157.51M
Johnson & JohnsonJNJ85.7586.4485.6386.367.23M
Bristol-Myers SquibbBMY46.6047.0046.4646.857.16M
AppleAAPL431.56434.90430.21431.776.97M
Gilead SciencesGILD50.8752.0550.8751.946.87M
Wal-Mart StoresWMT75.0075.8874.8075.736.74M
Home DepotHD76.1277.3776.1277.196.42M
Procter & GamblePG78.9579.2378.7079.046.05M
SchlumbergerSLB73.1874.6073.0674.165.68M
Abbott LaboratoriesABT36.9837.6436.8737.515.54M
Walt Disney & Co.DIS64.6165.4964.5665.295.23M
UnitedHealth GroupUNH64.9065.7164.4665.685.18M
ChevronCVX121.03121.72120.86121.524.54M
AlphabetGOOGL888.65901.00888.35900.624.33M
BoeingBA103.22104.15102.65104.084.04M
ConocoPhillipsCOP61.9462.2361.7562.103.44M
PepsicoPEP82.3782.6982.0082.573.36M
McDonald'sMCD98.98100.0498.9599.753.34M
AmgenAMGN99.12102.2999.07101.503.33M
International Business MachinesIBM203.02206.09202.87204.873.28M
United TechnologiesUTX94.9596.4294.9596.173.08M
Berkshire HathawayBRK.B115.01115.59114.84115.172.99M
AmazonAMZN279.08282.91278.11281.762.15M
VisaV181.72185.23181.72184.011.89M
3MMMM112.07113.23111.90112.971.7M
Union PacificUNP156.17158.10155.59157.951.03M
Exchange Rates of June 18, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.380 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.021 CAD1 CAD = 0.979 USD
US DollarSwiss Franc1 USD = 0.920 CHF1 CHF = 1.087 USD
US DollarChinese Yuan1 USD = 6.129 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 127.750 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.856 GBP1 GBP = 1.168 EUR
EuroAustralian Dollar1 EUR = 1.412 AUD1 AUD = 0.708 EUR
EuroCanadian Dollar1 EUR = 1.368 CAD1 CAD = 0.731 EUR
EuroSwiss Franc1 EUR = 1.232 CHF1 CHF = 0.812 EUR
EuroChinese Yuan1 EUR = 8.215 CNY1 CNY = 0.122 EUR
Japanese YenPound Sterling1 JPY = 0.670 GBP1 GBP = 1.493 JPY
Japanese YenAustralian Dollar1 JPY = 1.105 AUD1 AUD = 0.905 JPY
Japanese YenCanadian Dollar1 JPY = 1.070 CAD1 CAD = 0.934 JPY
Japanese YenSwiss Franc1 JPY = 0.964 CHF1 CHF = 1.037 JPY
Pound SterlingAustralian Dollar1 GBP = 1.648 AUD1 AUD = 0.607 GBP
Pound SterlingCanadian Dollar1 GBP = 1.597 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.438 CHF1 CHF = 0.695 GBP
Pound SterlingChinese Yuan1 GBP = 9.593 CNY1 CNY = 0.104 GBP
Australian DollarCanadian Dollar1 AUD = 0.968 CAD1 CAD = 1.033 AUD
Australian DollarSwiss Franc1 AUD = 0.872 CHF1 CHF = 1.147 AUD
Australian DollarChinese Yuan1 AUD = 5.814 CNY1 CNY = 0.172 AUD
Canadian DollarSwiss Franc1 CAD = 0.900 CHF1 CHF = 1.111 CAD
Canadian DollarChinese Yuan1 CAD = 6.005 CNY1 CNY = 0.167 CAD
Swiss FrancChinese Yuan1 CHF = 6.666 CNY1 CNY = 0.150 CHF

See what else happened on June 18, 2013