Financial news on November 20th, 2012

Business and Financial news
Airlines’ On-Time Performance Rises

Airlines have found ways to overcome the challenges of departing on schedule just in time for the busy holiday travel season. Read more..

By JAD MOUAWAD - The New York Times

A Little Perspective Can Open Eyes

Joe Sharkey On the Road column observes business traveler Dan Bailey and Phelps, his guide dog, are serene in the midst of travel chaos; notes he has taken nearly 400 flights to 40 states on business trips since he met dog in 2009. Read more..

By JOE SHARKEY - The New York Times

Amsterdam Invades America, From the West

Advertising column notes KesselsKramer, Dutch advertising agency, opens its first United States office, eschewing the traditional New York for Los Angeles. Read more..

By STUART ELLIOTT - The New York Times

Case Against New York Fed in A.I.G. Rescue Is Rejected

United States District Court Judge Paul Engelmayer dismisses $25 billion lawsuit filed against Federal Reserve Bank of New York by Maurice Greenberg, former chief executive of American International Group; Greenberg accused bank of unlawfully bailing out the insurer during the 2008 financial crisis. Read more..

By REUTERS - The New York Times

Early Dividend for Wal-Mart Is Latest Move in Tax Tactics

Wal-Mart says it will pay out its quarterly dividend on Dec 27 instead of Jan 2, 2013, as was scheduled; rescheduling dividend payments and selling stocks are among the strategies being employed to avoid higher tax rates set to take effect in 2013. Read more..

By NATHANIEL POPPER - The New York Times

Japanese Election Raises Fears of the Old Ways

Surveys suggest disappointed voters will hand the Liberal Democrats the most seats in a Dec. 16 election for Parliament’s lower house. Read more..

By LINDA SIEG | REUTERS - International Herald Tribune

Labor Board to Act Swiftly on Wal-Mart’s Complaint

National Labor Relations Board will decide within days whether there is merit to Wal-Mart's complaint to seek an injunction to stop pending anti-Wal-Mart protests. Read more..


Moody’s Lowers France’s Sovereign Debt Rating

Moody's Investors Service downgrades France's sovereign debt rating by one notch, to Aa1 from Aaa, citing country's uncertain fiscal outlook as result of 'deteriorating economic prospects.' Read more..

By REUTERS - The New York Times

Solar Companies Seek Ways to Build an Oasis of Electricity

Most solar panel systems are tied to the electrical grid and susceptible to widespread power failures, but there are ways to tap solar energy when the grid goes down; batteries can be added to a home system or independent solar generators can be employed, as were used in areas hard-hit by Hurricane Sandy. Read more..

By DIANE CARDWELL - The New York Times

Tax Talks Raise Bar for Richest Americans

Changes in tax rates being discussed by Pres Obama and Congressional Republicans include taking most from highest earners and smaller share from those earning less than $500,000 yearly; negotiations surrounding deficit reduction appear to moving closer to a true 'millionaires' tax,' in which increases would be heavily weighted toward the wealthiest Americans. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ11,6412,0611,3511,71155M
Cisco SystemsCSCO18,2918,3618,0718,3430.4M
General ElectricGE20,6720,6920,3720,6226.8M
Wells Fargo & Co.WFC32,4033,2232,2732,9223.9M
AT&T Inc.T33,8333,8433,4533,6820.5M
JPMorgan ChaseJPM40,3341,1840,2540,7019.4M
Oracle Corp.ORCL30,0230,2029,7830,2017.4M
Abbott LaboratoriesABT62,8063,5762,6263,0817.3M
Verizon CommunicationsVZ42,7042,8642,5242,8210.8M
Johnson & JohnsonJNJ69,2669,7269,1469,679.86M
Wal-Mart StoresWMT69,2469,2468,4569,009.39M
Home DepotHD63,2263,8763,1563,828.56M
Gilead SciencesGILD74,8876,1174,6375,817.64M
Procter & GamblePG67,8168,4967,7668,307.61M
Walt Disney & Co.DIS47,7848,5047,6648,447.47M
General MotorsGM24,9024,9424,3824,606.58M
Bristol-Myers SquibbBMY32,0532,1931,8632,156.5M
UnitedHealth GroupUNH52,9253,1852,6653,144.74M
Berkshire HathawayBRK.B86,6186,8786,0486,794.14M
International Business MachinesIBM189,88190,11188,25189,203.17M
United TechnologiesUTX76,2276,8275,9276,692.82M
Union PacificUNP119,60120,41118,50120,031.53M
Exchange Rates of November 20th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81,660 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 0,997 CAD1 CAD = 1,003 USD
US DollarSwiss Franc1 USD = 0,940 CHF1 CHF = 1,064 USD
US DollarChinese Yuan1 USD = 6,233 CNY1 CNY = 0,160 USD
EuroJapanese Yen1 EUR = 104,670 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,805 GBP1 GBP = 1,243 EUR
EuroAustralian Dollar1 EUR = 1,233 AUD1 AUD = 0,811 EUR
EuroCanadian Dollar1 EUR = 1,278 CAD1 CAD = 0,783 EUR
EuroSwiss Franc1 EUR = 1,205 CHF1 CHF = 0,830 EUR
EuroChinese Yuan1 EUR = 7,983 CNY1 CNY = 0,125 EUR
Japanese YenPound Sterling1 JPY = 0,769 GBP1 GBP = 1,301 JPY
Japanese YenAustralian Dollar1 JPY = 1,178 AUD1 AUD = 0,849 JPY
Japanese YenCanadian Dollar1 JPY = 1,220 CAD1 CAD = 0,820 JPY
Japanese YenSwiss Franc1 JPY = 1,151 CHF1 CHF = 0,869 JPY
Pound SterlingAustralian Dollar1 GBP = 1,532 AUD1 AUD = 0,653 GBP
Pound SterlingCanadian Dollar1 GBP = 1,587 CAD1 CAD = 0,630 GBP
Pound SterlingSwiss Franc1 GBP = 1,497 CHF1 CHF = 0,668 GBP
Pound SterlingChinese Yuan1 GBP = 9,919 CNY1 CNY = 0,101 GBP
Australian DollarCanadian Dollar1 AUD = 1,036 CAD1 CAD = 0,966 AUD
Australian DollarSwiss Franc1 AUD = 0,976 CHF1 CHF = 1,024 AUD
Australian DollarChinese Yuan1 AUD = 6,471 CNY1 CNY = 0,155 AUD
Canadian DollarSwiss Franc1 CAD = 0,942 CHF1 CHF = 1,061 CAD
Canadian DollarChinese Yuan1 CAD = 6,249 CNY1 CNY = 0,160 CAD
Swiss FrancChinese Yuan1 CHF = 6,625 CNY1 CNY = 0,151 CHF

See what else happened on November 20th, 2012