Financial news on August 23rd, 2013
Business and Financial news
Pandora Media reports second-quarter loss of $7.8 million, or 4 cents a share; revenue rose 55 percent to $157.4 million. Read more..
Real estate agents feared that new taxes taking effect in 2016 would compound the property slump in the country, but there has been no evidence of such effects. Read more..
Advertising column; agency holding group Project WorldWide is opening an agency in Boulder, Colo, which is developing a reputation as a home for advertising start-ups. Read more..
Steven A. Ballmer’s departure paves the way for a generational change at Microsoft and gives it an opportunity to adapt to a world dominated by technologies that have eluded its influence. Read more..
The deal was “reached swiftly and amicably,” said CBS’s president, Leslie Moonves, even as a stand-off with Time Warner Cable persisted. Read more..
The surprise rise in the purchasing managers’ index in August provided the latest indication that the world’s second-largest economy appears to have bottomed out after months of slowing growth. Read more..
Floyd Norris High & Low Finance column looks back at BlackBerry in its heyday, as company's current fortunes spiral down; holds that while its executives did well, loyal shareholders received little reward; says expectation is that company will be acquired for its cash and patents while the product responsible for its success will vanish. Read more..
Lew Wood, former CBS News correspondent who covered Pres John F Kennedy's assassination and later was news anchor on the Today show at NBC, dies at age 84. Read more..
Sears Holdings Corp reports second-quarter loss as it continues to struggle with weak sales and deep discounts. Read more..
Adam Bryant Corner Office column features interview with Wain Kellum, chief executive of Internet-based business phone service Vocalocity, discussing his management technique. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||42.68||42.83||42.35||42.76||12.2M|
|Johnson & Johnson||JNJ||87.93||88.44||87.21||88.41||7.71M|
|Walt Disney & Co.||DIS||61.96||61.99||61.46||61.73||5.51M|
|Procter & Gamble||PG||79.87||80.07||79.59||80.01||5.22M|
|International Business Machines||IBM||185.34||185.74||184.57||185.42||2.29M|
Exchange Rates of August 23rd, 2013
|US Dollar||Japanese Yen||1 USD = 98.710 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.050 CAD||1 CAD = 0.953 USD|
|US Dollar||Swiss Franc||1 USD = 0.922 CHF||1 CHF = 1.085 USD|
|US Dollar||Chinese Yuan||1 USD = 6.121 CNY||1 CNY = 0.163 USD|
|Euro||Japanese Yen||1 EUR = 132.100 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.859 GBP||1 GBP = 1.164 EUR|
|Euro||Australian Dollar||1 EUR = 1.482 AUD||1 AUD = 0.675 EUR|
|Euro||Canadian Dollar||1 EUR = 1.404 CAD||1 CAD = 0.712 EUR|
|Euro||Swiss Franc||1 EUR = 1.233 CHF||1 CHF = 0.811 EUR|
|Euro||Chinese Yuan||1 EUR = 8.190 CNY||1 CNY = 0.122 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.650 GBP||1 GBP = 1.538 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.122 AUD||1 AUD = 0.892 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.063 CAD||1 CAD = 0.941 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.934 CHF||1 CHF = 1.071 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.725 AUD||1 AUD = 0.580 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.634 CAD||1 CAD = 0.612 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.435 CHF||1 CHF = 0.697 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.529 CNY||1 CNY = 0.105 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.946 CAD||1 CAD = 1.057 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.831 CHF||1 CHF = 1.204 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 5.523 CNY||1 CNY = 0.181 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.877 CHF||1 CHF = 1.140 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.831 CNY||1 CNY = 0.171 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.640 CNY||1 CNY = 0.151 CHF|