Financial news on December 21, 2011

Business and Financial news
A Bundle of Potential in a Ball

The Sphero, produced by Orbotix, is a remote-controlled ball stuffed with miniature technology and five free apps. Read more..

By DAVID POGUE - The New York Times

Internet Poker Operator Admits Deceit

Brent Beckley pleads guilty to a criminal charge related to breaking Internet gambling laws in connection with Absolute Poker, company he co-founded; 12 people have been charged in the case involving three of the largest Internet poker companies, Absolute Poker, Full Tilt Poker and PokerStars. Read more..

By REUTERS - The New York Times

Jack Foster

Interview with Franklin Templeton Real Asset Advisors managing director Jack Foster, who discusses asset management business. Read more..

By VIVIAN MARINO - The New York Times

Japan Picks Lockheed to Build Its Next Fighter Jet

Japan selects Lockheed Martin's F-35 jet as its next main fighter aircraft; decision is a boost for the American defense contractor and reflects a desire by nation to tighten its ties with the United States amid heightened fears of instability on the Korean peninsula. Read more..

By HIROKO TABUCHI - The New York Times

Judge Weighs Competency of Ponzi Scheme Defendant

Lawyers for R Allen Stanford, who is accused of running a $7 billion Ponzi scheme, argue that he is incompetent to stand trial due to an addiction to anti-anxiety medication and a brain injury that led to delayed memory loss; prison psychologist who evaluated Stanford says in competency hearing that such memory loss is rare. Read more..

By REUTERS - The New York Times

Nike Posts Strong Orders, Led by 31% Gain in China

Nike's quarterly results beat estimates as company attracts shoppers despite higher prices; orders rose 16 percent; Nike reports earnings of $469 million, or $1 a share, for latest quarter, a rise of 3 percent over year earlier; revenue rose 18 percent to $5.73 billion. Read more..

By REUTERS - The New York Times

Norman Krim, Who Championed the Transistor, Dies at 98

Norman Krim, electronics visionary who played a pivotal role in the industry's transition from the bulky electron vacuum tube, dies at age 98. Read more..

By DENNIS HEVESI - The New York Times

Putting a Positive Spin on Too-Big-to-Fail

Reuters BreakingViews column; international regulators designate 29 banks as global systemically important financial institutions; designated banks will be required to hold more capital, but will also benefit over smaller banks from being classified as too big to fail. Read more..

By ROB COX and PETER THAL LARSEN - The New York Times

Research Groups Cut Forecast for German Economy

One major institute predicted a recession for Europe’s bulwark economy next year, even as another reported a surprise rise in business sentiment. Read more..

By REUTERS - International Herald Tribune

Successful Spanish Debt Auction

Spain's borrowing costs plummet as the European Central Bank begins a new lending program that could encourage banks to buy euro zone government bonds; Spanish Treasury sells 5.6 billion euros ($7.3 billion) of debt, more than the 4.5 billion euros it had planned. Read more..

By DAVID JOLLY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 25.67 25.99 24.91 25.77 184M
General Electric GE 17.32 17.77 17.15 17.69 80.3M
Microsoft MSFT 26.01 26.19 25.44 25.76 64.1M
Cisco Systems CSCO 18.23 18.35 17.82 17.92 57.7M
Intel INTC 23.95 24.09 23.43 23.68 45.2M
Pfizer PFE 21.54 21.73 21.39 21.68 44.9M
JPMorgan Chase JPM 32.00 32.41 31.90 32.32 30.9M
Wells Fargo & Co. WFC 26.56 26.89 26.21 26.89 28.6M
AT&T Inc. T 29.15 29.30 29.03 29.30 27.6M
Abbott Laboratories ABT 54.74 55.46 54.72 55.44 21.4M
HP Inc. HPQ 25.76 25.88 25.04 25.44 19.7M
ExxonMobil XOM 82.02 83.34 82.00 83.12 19.2M
Verizon Communications VZ 39.32 39.49 38.89 39.23 15M
Comcast CMCSA 23.49 23.66 23.28 23.59 13.7M
Merck MRK 37.06 37.41 37.02 37.33 13.2M
Altria MO 29.98 30.40 29.86 30.31 13.1M
General Motors GM 19.74 20.44 19.58 20.32 13.1M
Home Depot HD 41.92 42.05 41.56 42.00 12.1M
Amgen AMGN 61.00 63.27 61.00 63.14 10.6M
Procter & Gamble PG 65.50 66.00 65.50 66.00 9.48M
Apple AAPL 396.69 397.30 392.01 396.45 9.39M
Coca-Cola KO 68.52 69.80 68.32 69.57 9.37M
International Business Machines IBM 183.22 183.50 179.04 181.47 9.28M
ConocoPhillips COP 69.96 70.78 69.74 70.62 9M
Wal-Mart Stores WMT 59.19 59.66 59.16 59.39 8.57M
Johnson & Johnson JNJ 64.81 65.00 64.58 64.96 8.52M
Walt Disney & Co. DIS 36.23 36.70 35.75 36.27 8.23M
Bristol-Myers Squibb BMY 34.90 35.29 34.88 35.29 8.17M
Chevron CVX 103.68 105.53 103.55 105.43 8.16M
Amazon AMZN 181.92 183.50 172.49 174.35 8.07M
Schlumberger SLB 68.39 68.62 66.36 67.71 7.83M
UnitedHealth Group UNH 49.83 50.00 49.55 49.99 6.7M
United Technologies UTX 74.67 74.91 72.86 73.62 6.17M
Gilead Sciences GILD 38.20 38.87 38.08 38.85 5.72M
Boeing BA 72.73 73.71 72.06 73.59 5.47M
McDonald's MCD 98.98 99.50 98.70 99.20 5.41M
Alphabet GOOGL 630.01 631.82 618.96 625.82 4.99M
Pepsico PEP 65.22 66.25 65.22 66.04 4.98M
Berkshire Hathaway BRK.B 76.34 76.34 75.50 76.22 4.89M
Visa V 101.11 101.26 99.50 100.72 3.81M
3M MMM 80.43 80.47 78.97 80.00 3.61M
Union Pacific UNP 101.46 103.13 99.93 103.02 3.6M
Exchange Rates of December 21, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 78.050 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 1.026 CAD 1 CAD = 0.975 USD
US Dollar Swiss Franc 1 USD = 0.936 CHF 1 CHF = 1.069 USD
US Dollar Chinese Yuan 1 USD = 6.339 CNY 1 CNY = 0.158 USD
Euro Japanese Yen 1 EUR = 101.840 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.832 GBP 1 GBP = 1.202 EUR
Euro Australian Dollar 1 EUR = 1.291 AUD 1 AUD = 0.775 EUR
Euro Canadian Dollar 1 EUR = 1.339 CAD 1 CAD = 0.747 EUR
Euro Swiss Franc 1 EUR = 1.221 CHF 1 CHF = 0.819 EUR
Euro Chinese Yuan 1 EUR = 8.256 CNY 1 CNY = 0.121 EUR
Japanese Yen Pound Sterling 1 JPY = 0.817 GBP 1 GBP = 1.224 JPY
Japanese Yen Australian Dollar 1 JPY = 1.268 AUD 1 AUD = 0.789 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.314 CAD 1 CAD = 0.761 JPY
Japanese Yen Swiss Franc 1 JPY = 1.199 CHF 1 CHF = 0.834 JPY
Pound Sterling Australian Dollar 1 GBP = 1.551 AUD 1 AUD = 0.645 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.608 CAD 1 CAD = 0.622 GBP
Pound Sterling Swiss Franc 1 GBP = 1.466 CHF 1 CHF = 0.682 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.921 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.036 CAD 1 CAD = 0.965 AUD
Australian Dollar Swiss Franc 1 AUD = 0.945 CHF 1 CHF = 1.058 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.388 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.912 CHF 1 CHF = 1.097 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.168 CNY 1 CNY = 0.162 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.761 CNY 1 CNY = 0.148 CHF

See what else happened on December 21, 2011