Financial news on February 24, 2016

Business and Financial news
A Conversation With Jane Gol

Vivian Marino 30-Miinute Interview with Jane Gol, president of commercial and residential real estate developer Continental Ventures. Read more..

By VIVIAN MARINO - The New York Times

Chinese Deals Feel the Chill From Washington

Steven Davidoff Solomon Deal Professor column notes that increasing number of Chinese companies are seeking to do deals in United States, but keep running into national security entanglements; cites as example Tsinghua Unisplendour Corporation's planned purchase of 15 percent stake in American hard disk drive maker Western Digital. Read more..


European Tech Scene Begins to Feel Silicon Valley’s Woes

European start-ups are starting to feel financial pinch that began in Silicon Valley; venture capitalists, amid global financial turbulence, are leery of funding new firms that lack proven business ideas. Read more..

By MARK SCOTT - The New York Times

Ex-Obama Cabinet Official Joins Lazard

Peter Orszag, who was the president’s first director of the Office of Management and Budget, will be a senior deal maker at the investment company. Read more..

By MICHAEL J. de la MERCED - The New York Times

In Poll on Apple, Public Sides with F.B.I.

Apple’s challenge is still in court, but in the court of public opinion, 51 percent of respondents backed the F.B.I., as 38 percent sided with Apple. Read more..

By JIM KERSTETTER - The New York Times

Lessons From Game Theory: What Keeps Kasich in the Race?

The two remaining mainstream candidates — Marco Rubio and Mr. Kasich — are living out a problem studied for decades in game theory. Read more..

By KEVIN QUEALY - The New York Times

Plan to Prop Up Oil Prices Won’t Have Support From Saudis

Saudi Arabia's petroleum minister Ali bin Ibrahim al-Naimi says country will not follow others in plan to cut oil production to reverse drop in prices; comments lead to further decline in oil prices. Read more..

By CLIFFORD KRAUSS - The New York Times

Private Equity Leaders Expect to Become Buyers in 2016

After years of exiting portfolio companies through sales and initial public offerings, private equity leaders are expecting to be buyers amid turbulent markets. Read more..

By CHAD BRAY - The New York Times

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York City. Read more..

By ROSALIE R. RADOMSKY - The New York Times

Standard Chartered Posts a $2.36 Billion Loss for 2015

The Asia-focused British bank warned that over 150 current or former executives could see their bonuses clawed back as part of accountability reviews. Read more..

By AMIE TSANG - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE28.9029.0528.4028.9644.9M
JPMorgan ChaseJPM55.2056.2154.3356.1425.6M
Cisco SystemsCSCO25.8926.3325.6526.3223M
AT&T Inc.T36.7037.1136.6337.1022.8M
HP Inc.HPQ10.2810.8610.1010.8221.7M
General MotorsGM28.7228.9027.8128.8421M
Wells Fargo & Co.WFC47.3447.6846.5647.6118.6M
United TechnologiesUTX91.1194.1591.1193.6117M
Verizon CommunicationsVZ50.2750.8750.1750.8211.2M
Oracle Corp.ORCL36.0936.7335.7736.6311M
Wal-Mart StoresWMT66.1967.3365.7267.1210.3M
Johnson & JohnsonJNJ103.34105.08102.97104.969.07M
Gilead SciencesGILD87.4189.5486.7989.368.34M
Home DepotHD124.05125.78122.92125.617.93M
Abbott LaboratoriesABT38.1839.3237.9739.207.05M
Walt Disney & Co.DIS94.6595.7593.2395.436.95M
Procter & GamblePG81.2681.6480.6681.566.76M
Bristol-Myers SquibbBMY61.8462.3660.8362.234.83M
Union PacificUNP78.0280.2977.0780.094.8M
International Business MachinesIBM131.55133.49129.68132.804.12M
Berkshire HathawayBRK.B129.90131.50128.88131.033.63M
UnitedHealth GroupUNH119.93120.32117.83120.202.56M
Exchange Rates of February 24, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.908 EUR1 EUR = 1.102 USD
US DollarJapanese Yen1 USD = 112.043 JPY1 JPY = 0.009 USD
US DollarPound Sterling1 USD = 0.718 GBP1 GBP = 1.393 USD
US DollarAustralian Dollar1 USD = 1.391 AUD1 AUD = 0.719 USD
US DollarCanadian Dollar1 USD = 1.370 CAD1 CAD = 0.730 USD
US DollarSwiss Franc1 USD = 0.989 CHF1 CHF = 1.011 USD
US DollarChinese Yuan1 USD = 6.535 CNY1 CNY = 0.153 USD
US DollarMexican Peso1 USD = 18.193 MXN1 MXN = 0.055 USD
US DollarSwidish Krona1 USD = 8.487 SEK1 SEK = 0.118 USD
EuroJapanese Yen1 EUR = 123.432 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.791 GBP1 GBP = 1.265 EUR
EuroAustralian Dollar1 EUR = 1.532 AUD1 AUD = 0.653 EUR
EuroCanadian Dollar1 EUR = 1.509 CAD1 CAD = 0.663 EUR
EuroSwiss Franc1 EUR = 1.089 CHF1 CHF = 0.918 EUR
EuroChinese Yuan1 EUR = 7.199 CNY1 CNY = 0.139 EUR
EuroMexican Peso1 EUR = 20.042 MXN1 MXN = 0.050 EUR
EuroSwidish Krona1 EUR = 9.349 SEK1 SEK = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.006 GBP1 GBP = 156.250 JPY
Japanese YenAustralian Dollar1 JPY = 0.012 AUD1 AUD = 80.645 JPY
Japanese YenCanadian Dollar1 JPY = 0.012 CAD1 CAD = 81.967 JPY
Japanese YenSwiss Franc1 JPY = 0.009 CHF1 CHF = 113.636 JPY
Japanese YenChinese Yuan1 JPY = 0.058 CNY1 CNY = 17.153 JPY
Japanese YenMexican Peso1 JPY = 0.163 MXN1 MXN = 6.154 JPY
Japanese YenSwidish Krona1 JPY = 0.076 SEK1 SEK = 13.210 JPY
Pound SterlingAustralian Dollar1 GBP = 1.937 AUD1 AUD = 0.516 GBP
Pound SterlingCanadian Dollar1 GBP = 1.909 CAD1 CAD = 0.524 GBP
Pound SterlingSwiss Franc1 GBP = 1.377 CHF1 CHF = 0.726 GBP
Pound SterlingChinese Yuan1 GBP = 9.105 CNY1 CNY = 0.110 GBP
Pound SterlingMexican Peso1 GBP = 25.338 MXN1 MXN = 0.039 GBP
Pound SterlingSwidish Krona1 GBP = 11.815 SEK1 SEK = 0.085 GBP
Australian DollarCanadian Dollar1 AUD = 0.985 CAD1 CAD = 1.015 AUD
Australian DollarSwiss Franc1 AUD = 0.711 CHF1 CHF = 1.407 AUD
Australian DollarChinese Yuan1 AUD = 4.698 CNY1 CNY = 0.213 AUD
Australian DollarMexican Peso1 AUD = 13.092 MXN1 MXN = 0.076 AUD
Australian DollarSwidish Krona1 AUD = 6.099 SEK1 SEK = 0.164 AUD
Canadian DollarSwiss Franc1 CAD = 0.721 CHF1 CHF = 1.386 CAD
Canadian DollarChinese Yuan1 CAD = 4.770 CNY1 CNY = 0.210 CAD
Canadian DollarMexican Peso1 CAD = 13.289 MXN1 MXN = 0.075 CAD
Canadian DollarSwidish Krona1 CAD = 6.191 SEK1 SEK = 0.162 CAD
Swiss FrancChinese Yuan1 CHF = 6.608 CNY1 CNY = 0.151 CHF
Swiss FrancMexican Peso1 CHF = 18.415 MXN1 MXN = 0.054 CHF
Swiss FrancSwidish Krona1 CHF = 8.576 SEK1 SEK = 0.117 CHF
Chinese YuanSwidish Krona1 CNY = 1.297 SEK1 SEK = 0.771 CNY

See what else happened on February 24, 2016