Financial news on December 20, 2014

Business and Financial news
BlackBerry Narrows Loss, But Its Revenue Declines

BlackBerry reports revenue of $793 million in third quarter, down from $1.1 billion in same period year earlier; decline highlights how company has yet to gain from chief executive John S Chen's plan to focus on software and services rather than phones. Read more..

By IAN AUSTEN - The New York Times

Fed Official Warns of Risk From Hasty Rate Increase

Narayan Kocherlakota, president of Federal Reserve Bank of Minneapolis, says in interview that Federal Reserve's move toward raising interest rates increase risk that economy will sink into long-lasting period of low inflation; had voted against measures announced by central bank. Read more..


Macau Looks Beyond Gambling as the Take From the Tables Slows

Casino revenue is falling in Macau, the world’s largest gambling destination, and China is urging its territory to offer family-friendly options. Read more..

By CHRIS HORTON - The New York Times

McDonald’s Is Charged With Punishing Workers

National Labor Relations Board announces that it has brought 78 charges against McDonald's and some of its franchise operators for violating federal labor law in retaliation against workers' protests for higher wages; move draws outrage from variety of national business groups because it deems company joint employer, status that would make it equally responsible for actions taken at its franchised restaurants. Read more..


Nikki Finke, Hollywood Chronicler, Said to Be in Talks With Politico

The former writer for Deadline Hollywood is looking for other jobs, people familiar with the situation said. Read more..

By RAVI SOMAIYA - The New York Times

Season's Greetings

Joel Fagliano wishes you good tidings. Read more..

By DEB AMLEN - The New York Times


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Frank Borell|Gus Rylander|Bill Horn|Kevin Burdish - Reuters

The Insurance Market Mystifies an Airbnb Host

Dropped by one homeowners’ insurance company, an Airbnb host gets conflicting information from two others. Read more..

By RON LIEBER - The New York Times

T-Mobile to Pay $90 Million to Settle Claims of Wrongful Phone Charges

T-Mobile agrees to pay at least $90 million in fines to settle charges that it unlawfully billed customers for unwanted premium text messages, practice known as cramming; is third major mobile phone carrier, along with AT& T and Sprint, to make deal with regulators. Read more..

By EDWARD WYATT - The New York Times

U.S. Declares Bank and Auto Bailouts Over, and Profitable

Treasury Sec Jacob J Lew declares profitable end to banking and automobile bailout that began during administration of Pres George W Bush with final sale of stock from General Motors' former finance arm; debate over government programs, which were designed to prevent economic collapse, had triggered political movements on both right and left, including Tea Party and Occupy Wall Street. Read more..

By JONATHAN WEISMAN - The New York Times

Exchange Rates of December 20, 2014
CurrenciesExchange Rates
US DollarEuro1 USD = 0.818 EUR1 EUR = 1.223 USD
US DollarJapanese Yen1 USD = 119.490 JPY1 JPY = 0.008 USD
US DollarPound Sterling1 USD = 0.640 GBP1 GBP = 1.563 USD
US DollarAustralian Dollar1 USD = 1.227 AUD1 AUD = 0.815 USD
US DollarSwiss Franc1 USD = 0.984 CHF1 CHF = 1.016 USD
US DollarMexican Peso1 USD = 14.587 MXN1 MXN = 0.069 USD
US DollarSwidish Krona1 USD = 7.728 SEK1 SEK = 0.129 USD
EuroJapanese Yen1 EUR = 146.160 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.782 GBP1 GBP = 1.278 EUR
EuroAustralian Dollar1 EUR = 1.501 AUD1 AUD = 0.666 EUR
EuroCanadian Dollar1 EUR = 1.415 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.203 CHF1 CHF = 0.831 EUR
EuroMexican Peso1 EUR = 17.878 MXN1 MXN = 0.056 EUR
EuroSwidish Krona1 EUR = 9.455 SEK1 SEK = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.005 GBP1 GBP = 188.679 JPY
Japanese YenAustralian Dollar1 JPY = 0.010 AUD1 AUD = 97.087 JPY
Japanese YenCanadian Dollar1 JPY = 0.010 CAD1 CAD = 103.093 JPY
Japanese YenSwiss Franc1 JPY = 0.008 CHF1 CHF = 121.951 JPY
Japanese YenMexican Peso1 JPY = 0.122 MXN1 MXN = 8.177 JPY
Japanese YenSwidish Krona1 JPY = 0.064 SEK1 SEK = 15.576 JPY
Pound SterlingAustralian Dollar1 GBP = 1.919 AUD1 AUD = 0.521 GBP
Pound SterlingCanadian Dollar1 GBP = 1.813 CAD1 CAD = 0.552 GBP
Pound SterlingSwiss Franc1 GBP = 1.538 CHF1 CHF = 0.650 GBP
Pound SterlingMexican Peso1 GBP = 22.849 MXN1 MXN = 0.044 GBP
Pound SterlingSwidish Krona1 GBP = 12.082 SEK1 SEK = 0.083 GBP
Australian DollarCanadian Dollar1 AUD = 0.944 CAD1 CAD = 1.060 AUD
Australian DollarSwiss Franc1 AUD = 0.801 CHF1 CHF = 1.249 AUD
Australian DollarMexican Peso1 AUD = 11.906 MXN1 MXN = 0.084 AUD
Australian DollarSwidish Krona1 AUD = 6.293 SEK1 SEK = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 0.847 CHF1 CHF = 1.180 CAD
Canadian DollarMexican Peso1 CAD = 12.618 MXN1 MXN = 0.079 CAD
Swiss FrancMexican Peso1 CHF = 14.853 MXN1 MXN = 0.067 CHF
Swiss FrancSwidish Krona1 CHF = 7.856 SEK1 SEK = 0.127 CHF

See what else happened on December 20, 2014