Financial news on November 22, 2012

Business and Financial news
Downturn Stalls Sales as Amsterdam's Island Oasis Matures

IJburg, which marks its 10th anniversary this month, has more than 13 percent of its owner-occupied homes up for sale. Read more..

By PETER TEFFER - International Herald Tribune

H.P.’s Misstep Shows the Risk in Big Ideas

Hewlett-Packard’s troubled $10 billion purchase of software company Autonomy is an example of problems older technology companies face as they try to get the jump on their younger rivals; issue with Autonomy may be less its questionable accounting of its sales than its core technology. Read more..

By QUENTIN HARDY - The New York Times

Judge Rules United Not Liable for 9/11 Collapse

Manhattan Federal District Court Judge Alvin K Hellerstein rules United Airlines was not responsible for collapse of a third World Trade Center building on Sept 11, 2001; plaintiff claimed collapse of building stemmed from airport security lapses that allowed hijackers to crash an American Airlines plane into complex. Read more..

By REUTERS - The New York Times

Manufacturing in China Showed Growth in November

Chinese export demand and domestic stimulus measures aid first expansion for the manufacturing sector in more than a year; HSBC purchasing managers index rises from 49.5 in October to 50.4 in November. Read more..

By BETTINA WASSENER - The New York Times

New Misgivings About St. Jude’s Heart Device

Medtronic rejects an insulating material similar to the one St Jude Medical uses in its controversial heart device component, raising more questions about its safety. Read more..

By BARRY MEIER - The New York Times

Oil Prices Stay Steady Despite Mideast Conflict

Thanksgiving gasoline prices in the United States are higher than in 2011 and at record level, but oil experts say plentiful global oil supplies will help prevent a jump in prices. Read more..

By CLIFFORD KRAUSS - The New York Times

Retailer Shakes Off the Storm

Eileen Fisher clothing stores and its Irvington, NY, headquarters were hit hard by Hurricane Sandy, but insurance, some planning and much luck helped executives and employees reopen the business; all but one of the company's 58 stores are open. Read more..

By STEPHANIE CLIFFORD - The New York Times

Software That Shows What Your Shiny New iPad Can Do

Kit Eaton App Smart features apps for Apple's new iPads. Read more..

By KIT EATON - The New York Times

U.S. Unemployment Claims Remain Elevated

Labor Department says first-time applications for jobless benefits fell by 41,000 to seasonally adjusted 410,000 in latest week, as Hurricane Sandy forced many people to seek temporary assistance. Read more..

By THE ASSOCIATED PRESS - The New York Times

Weak Growth Imperils British Recovery Plan

Great Britain borrowed more money than it intended in October 2012 due to weak growth and declining tax receipts, 8.6 billion pounds ($13.7 billion), and could miss deficit reduction goals as it emerges from recession. Read more..

By STEPHEN CASTLE - The New York Times

Exchange Rates of November 22, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 82.470 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 0.997 CAD 1 CAD = 1.003 USD
US Dollar Swiss Franc 1 USD = 0.935 CHF 1 CHF = 1.070 USD
US Dollar Chinese Yuan 1 USD = 6.229 CNY 1 CNY = 0.161 USD
Euro Japanese Yen 1 EUR = 106.270 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.808 GBP 1 GBP = 1.238 EUR
Euro Australian Dollar 1 EUR = 1.240 AUD 1 AUD = 0.806 EUR
Euro Canadian Dollar 1 EUR = 1.285 CAD 1 CAD = 0.779 EUR
Euro Swiss Franc 1 EUR = 1.205 CHF 1 CHF = 0.830 EUR
Euro Chinese Yuan 1 EUR = 8.035 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.760 GBP 1 GBP = 1.316 JPY
Japanese Yen Australian Dollar 1 JPY = 1.166 AUD 1 AUD = 0.858 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.208 CAD 1 CAD = 0.828 JPY
Japanese Yen Swiss Franc 1 JPY = 1.133 CHF 1 CHF = 0.883 JPY
Pound Sterling Australian Dollar 1 GBP = 1.534 AUD 1 AUD = 0.652 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.590 CAD 1 CAD = 0.629 GBP
Pound Sterling Swiss Franc 1 GBP = 1.490 CHF 1 CHF = 0.671 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.944 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.036 CAD 1 CAD = 0.966 AUD
Australian Dollar Swiss Franc 1 AUD = 0.971 CHF 1 CHF = 1.030 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.481 CNY 1 CNY = 0.154 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.937 CHF 1 CHF = 1.067 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.255 CNY 1 CNY = 0.160 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.669 CNY 1 CNY = 0.150 CHF

See what else happened on November 22, 2012