Financial news on December 21st, 2011
Business and Financial news
The Sphero, produced by Orbotix, is a remote-controlled ball stuffed with miniature technology and five free apps. Read more..
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..
Interview with Franklin Templeton Real Asset Advisors managing director Jack Foster, who discusses asset management business. Read more..
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..
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..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.56||26.89||26.21||26.89||28.6M|
|Procter & Gamble||PG||65.50||66.00||65.50||66.00||9.48M|
|International Business Machines||IBM||183.22||183.50||179.04||181.47||9.28M|
|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|
Exchange Rates of December 21st, 2011
|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|