Financial news on September 24th, 2012
Business and Financial news
Black Bag Advertising, San Francisco, was acquired by Essence Digital. The deal is part of expansion plans in the United States for Essence Digital, which is based in London. Read more..
Conde Nast’s decision to start a French edition of Vanity Fair has some media executives questioning why the publisher insisted on announcing the news now, months ahead of the magazine's 2013 arrival and amid a stubborn economic crisis. Read more..
Cable TV's unexpected ally: the mobile device. | At a data center, a peek inside the computing cloud. | How changing technology empowered boutique book publishing. Read more..
A plan by the German copyright collection agency to increase the royalties some clubs, hotels and bars pay to play music is causing an uproar in Berlin, a city known for its relentless nightlife. Read more..
Canadian Auto Workers union at Ford votes to accept a new four-year contract that cuts wages for new employees, but gives lump-sum payments to workers. Read more..
A spokesman said a fight among employees on Sunday night turned into a riot that had to be broken up by thousands of police officers. Read more..
Little-noticed result of Verizon’s $3.9 billion airwave purchase from several firms is that cable companies can now use the carrier’s retail presence to sell cable packaged with phone and wireless service; partnership signals a major shift for both industries as until recently, wireless and cable companies were archrivals. Read more..
Account assignments, executive appointments and miscellaneous news from advertising agencies. Read more..
Internet radio services like Pandora hope the Internet Radio Fairness Act will lower the royalty rates they pay copyright holders to levels paid by satellite radio; Pandora's position is supported by other digital services and by the National Association of Broadcasters, but throughout the music industry there is wide belief that Pandora could solve its financial problems by selling more advertising. Read more..
The Obama administration cited “troubling signs” of abuse from the use of electronic records and vowed to prosecute fraud cases. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.77||35.23||34.73||35.10||19.6M|
|Johnson & Johnson||JNJ||68.88||69.20||68.81||69.00||9.08M|
|Procter & Gamble||PG||69.34||69.85||69.24||69.76||8.36M|
|Walt Disney & Co.||DIS||52.67||53.05||52.61||52.92||6.15M|
|International Business Machines||IBM||205.02||206.06||204.90||205.29||3.51M|
Exchange Rates of September 24th, 2012
|US Dollar||Japanese Yen||1 USD = 77.850 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.978 CAD||1 CAD = 1.022 USD|
|US Dollar||Swiss Franc||1 USD = 0.935 CHF||1 CHF = 1.069 USD|
|US Dollar||Chinese Yuan||1 USD = 6.309 CNY||1 CNY = 0.158 USD|
|Euro||Japanese Yen||1 EUR = 100.660 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.797 GBP||1 GBP = 1.255 EUR|
|Euro||Australian Dollar||1 EUR = 1.240 AUD||1 AUD = 0.807 EUR|
|Euro||Canadian Dollar||1 EUR = 1.265 CAD||1 CAD = 0.791 EUR|
|Euro||Swiss Franc||1 EUR = 1.209 CHF||1 CHF = 0.827 EUR|
|Euro||Chinese Yuan||1 EUR = 8.159 CNY||1 CNY = 0.123 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.791 GBP||1 GBP = 1.264 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.231 AUD||1 AUD = 0.812 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.256 CAD||1 CAD = 0.796 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.202 CHF||1 CHF = 0.832 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.555 AUD||1 AUD = 0.643 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.587 CAD||1 CAD = 0.630 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.518 CHF||1 CHF = 0.659 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.238 CNY||1 CNY = 0.098 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.020 CAD||1 CAD = 0.980 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.975 CHF||1 CHF = 1.026 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.579 CNY||1 CNY = 0.152 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.956 CHF||1 CHF = 1.046 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.449 CNY||1 CNY = 0.155 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.743 CNY||1 CNY = 0.148 CHF|