Financial news on December 20, 2014
Business and Financial news
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..
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..
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..
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..
The former writer for Deadline Hollywood is looking for other jobs, people familiar with the situation said. Read more..
Joel Fagliano wishes you good tidings. Read more..
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Dropped by one homeowners’ insurance company, an Airbnb host gets conflicting information from two others. Read more..
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..
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..
Exchange Rates of December 20, 2014
|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|