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..

By BINYAMIN APPELBAUM - The New York Times

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..

By STEVEN GREENHOUSE - The New York Times

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 Dollar Euro 1 USD = 0,818 EUR 1 EUR = 1,223 USD
US Dollar Japanese Yen 1 USD = 119,490 JPY 1 JPY = 0,008 USD
US Dollar Pound Sterling 1 USD = 0,640 GBP 1 GBP = 1,563 USD
US Dollar Australian Dollar 1 USD = 1,227 AUD 1 AUD = 0,815 USD
US Dollar Swiss Franc 1 USD = 0,984 CHF 1 CHF = 1,016 USD
US Dollar Mexican Peso 1 USD = 14,587 MXN 1 MXN = 0,069 USD
US Dollar Swidish Krona 1 USD = 7,728 SEK 1 SEK = 0,129 USD
Euro Japanese Yen 1 EUR = 146,160 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,782 GBP 1 GBP = 1,278 EUR
Euro Australian Dollar 1 EUR = 1,501 AUD 1 AUD = 0,666 EUR
Euro Canadian Dollar 1 EUR = 1,415 CAD 1 CAD = 0,707 EUR
Euro Swiss Franc 1 EUR = 1,203 CHF 1 CHF = 0,831 EUR
Euro Mexican Peso 1 EUR = 17,878 MXN 1 MXN = 0,056 EUR
Euro Swidish Krona 1 EUR = 9,455 SEK 1 SEK = 0,106 EUR
Japanese Yen Pound Sterling 1 JPY = 0,005 GBP 1 GBP = 188,679 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 = 103,093 JPY
Japanese Yen Swiss Franc 1 JPY = 0,008 CHF 1 CHF = 121,951 JPY
Japanese Yen Mexican Peso 1 JPY = 0,122 MXN 1 MXN = 8,177 JPY
Japanese Yen Swidish Krona 1 JPY = 0,064 SEK 1 SEK = 15,576 JPY
Pound Sterling Australian Dollar 1 GBP = 1,919 AUD 1 AUD = 0,521 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,813 CAD 1 CAD = 0,552 GBP
Pound Sterling Swiss Franc 1 GBP = 1,538 CHF 1 CHF = 0,650 GBP
Pound Sterling Mexican Peso 1 GBP = 22,849 MXN 1 MXN = 0,044 GBP
Pound Sterling Swidish Krona 1 GBP = 12,082 SEK 1 SEK = 0,083 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,944 CAD 1 CAD = 1,060 AUD
Australian Dollar Swiss Franc 1 AUD = 0,801 CHF 1 CHF = 1,249 AUD
Australian Dollar Mexican Peso 1 AUD = 11,906 MXN 1 MXN = 0,084 AUD
Australian Dollar Swidish Krona 1 AUD = 6,293 SEK 1 SEK = 0,159 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,847 CHF 1 CHF = 1,180 CAD
Canadian Dollar Mexican Peso 1 CAD = 12,618 MXN 1 MXN = 0,079 CAD
Swiss Franc Mexican Peso 1 CHF = 14,853 MXN 1 MXN = 0,067 CHF
Swiss Franc Swidish Krona 1 CHF = 7,856 SEK 1 SEK = 0,127 CHF

See what else happened on December 20, 2014