Financial news on March 21st, 2014
Business and Financial news
On Friday, Walmart and Best Buy began offering a bundle of Microsoft’s Xbox One and Titanfall, a high-profile science fiction shooter game, for $450, a $50 price cut on the bundle. Read more..
Arkansas Supreme Court reverses a $1.2 billion judgment against Johnson & Johnson, finding that the state attorney general erred by suing under a law that applied to health care facilities, not drug companies; judgement was one of the largest in history for a state fraud case. Read more..
Li Ka-shing agrees to sell a stake of A.S. Watson, which has a global network of more than 10,000 stores, to Temasek in Singapore for $5.7 billion. Read more..
Adam Bryant Corner Office column features interview with Douglas Merrill, chief executive of big-data underwriting company ZestFinance, who discusses his career and management technique. Read more..
The company conducted an inquiry by reading through email and instant messages, which may violate its promise of privacy, highlighting the power technology companies have to snoop on their customers. Read more..
A judge’s decision on royalty rates the streaming-music service must pay to the licensing group, Ascap, appears to have split the issue down the middle. Read more..
Nike reports better-than-expected quarterly earnings of $685 million, or 76 cents a share, in its fiscal third quarter, down from $866 million, or 73 cents a share on year earlier; cites soaring global orders in lead up to the World Cup soccer championship. Read more..
Critics say a judge erred when he accepted Facebook’s argument that a federal privacy law for children under 13 preempted state protections for older children. Read more..
Every hardware platform needs software to be successful. By giving manufacturers a known operating system to work with, Google’s could jump-start the wearables industry. Read more..
Emerging technologies are allowing wind industry to lower its prices to compete with conventional energy sources like coal, and to transform areas of the Midwest, once thought too expensive, into wind powerhouses; taller machines spinning longer blades are allowing companies to capture the faster winds that blow at higher elevations, and one start-up is preparing to introduce the first airborne wind turbine, known as a BAT. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||49.79||49.97||49.04||49.12||31M|
|Johnson & Johnson||JNJ||94.77||95.93||93.88||95.93||24M|
|Procter & Gamble||PG||79.04||79.75||77.88||77.88||21.2M|
|International Business Machines||IBM||188.50||188.70||186.40||186.67||12.5M|
|Walt Disney & Co.||DIS||81.96||82.05||80.05||80.35||7.84M|
Exchange Rates of March 21st, 2014
|US Dollar||Japanese Yen||1 USD = 102.270 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.122 CAD||1 CAD = 0.891 USD|
|US Dollar||Swiss Franc||1 USD = 0.883 CHF||1 CHF = 1.133 USD|
|US Dollar||Chinese Yuan||1 USD = 6.225 CNY||1 CNY = 0.161 USD|
|Euro||Japanese Yen||1 EUR = 141.090 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.837 GBP||1 GBP = 1.195 EUR|
|Euro||Australian Dollar||1 EUR = 1.519 AUD||1 AUD = 0.659 EUR|
|Euro||Canadian Dollar||1 EUR = 1.547 CAD||1 CAD = 0.646 EUR|
|Euro||Swiss Franc||1 EUR = 1.217 CHF||1 CHF = 0.822 EUR|
|Euro||Chinese Yuan||1 EUR = 8.587 CNY||1 CNY = 0.116 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.593 GBP||1 GBP = 1.687 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.076 AUD||1 AUD = 0.930 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.097 CAD||1 CAD = 0.912 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.863 CHF||1 CHF = 1.159 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.815 AUD||1 AUD = 0.551 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.850 CAD||1 CAD = 0.541 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.455 CHF||1 CHF = 0.687 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.262 CNY||1 CNY = 0.097 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.018 CAD||1 CAD = 0.982 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.801 CHF||1 CHF = 1.248 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.653 CNY||1 CNY = 0.177 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.787 CHF||1 CHF = 1.271 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.548 CNY||1 CNY = 0.180 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 7.051 CNY||1 CNY = 0.142 CHF|