Financial news on September 26, 2012
Business and Financial news
American Airlines says it has been forced to cancel hundreds of flights because pilots are calling in sick in greater numbers and using other delay tactics related to an increasingly volatile labor dispute. Read more..
Spain’s borrowing costs rise at an auction of short-term debt, showing investors’ uncertainty about the country’s strategy for emerging from crisis; Spanish Treasury sells almost 4 billion euros ($5.2 billion) in bills, drawing a yield of 1.203 percent, up sharply from 0.946 in August. Read more..
New York City and developers are revamping city-owned properties in Brooklyn's Sunset Park neighborhood that have become increasingly vacant since their manufacturing heyday; renovation effort is targeted at companies seeking high-tech amenities rather than large manufacturing space. Read more..
The companies face continued resistance from Germany and France to key terms of their proposed $49 billion merger. Read more..
Germany approves draft legislation that foresees imposing additional controls on high-frequency trading, computer-driven force that has been rattling stock markets across the globe; country would become one of the first to attempt to regulate such trades. Read more..
IBM announces that its president and chief executive Virginia M Rometty will take on the added role of chairwoman of the company's board; current chairman Samuel J Palmisano will retire at the end of 2012. Read more..
Eduardo Porter Economic Scene column contends that despite campaign-trail rhetoric, demographics alone suggest that the government is going to redistribute more of the nation's wealth in the future than it does today, regardless of who is the next president. Read more..
Stocks suffer their biggest decline in three months after Charles I Plosser, president of the Federal Reserve Bank of Philadelphia, says he doubts the central bank's effort to bolster economic growth will succeed. Read more..
Federal Communications Commission, pushed by small and medium-size telecommunication companies, plans to begin setting new rules to govern how much of the airwaves, or spectrum, a single carrier can hold; companies are seeking regulations as they attempt to compete with behemoths Verizon and AT&T. Read more..
Japanese camera and medical equipment maker Olympus Corporation and three of its former executives plead guilty over charges related to a $1.7 billion accounting cover-up in one of Japan’s biggest corporate scandals. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.79||34.80||34.29||34.42||27.5M|
|Johnson & Johnson||JNJ||69.50||69.50||68.96||69.00||9.97M|
|Walt Disney & Co.||DIS||52.42||52.60||51.77||51.94||8.02M|
|Procter & Gamble||PG||69.49||69.85||69.30||69.30||7.7M|
|International Business Machines||IBM||205.05||205.98||203.90||204.00||3.42M|
Exchange Rates of September 26, 2012
|US Dollar||Japanese Yen||1 USD = 77.730 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.985 CAD||1 CAD = 1.016 USD|
|US Dollar||Swiss Franc||1 USD = 0.939 CHF||1 CHF = 1.065 USD|
|US Dollar||Chinese Yuan||1 USD = 6.302 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 100.040 JPY||1 JPY = 0.010 EUR|
|Euro||Pound Sterling||1 EUR = 0.796 GBP||1 GBP = 1.256 EUR|
|Euro||Australian Dollar||1 EUR = 1.241 AUD||1 AUD = 0.806 EUR|
|Euro||Canadian Dollar||1 EUR = 1.268 CAD||1 CAD = 0.789 EUR|
|Euro||Swiss Franc||1 EUR = 1.209 CHF||1 CHF = 0.827 EUR|
|Euro||Chinese Yuan||1 EUR = 8.112 CNY||1 CNY = 0.123 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.795 GBP||1 GBP = 1.257 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.239 AUD||1 AUD = 0.807 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.266 CAD||1 CAD = 0.790 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.208 CHF||1 CHF = 0.828 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.558 AUD||1 AUD = 0.642 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.592 CAD||1 CAD = 0.628 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.518 CHF||1 CHF = 0.659 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.189 CNY||1 CNY = 0.098 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.021 CAD||1 CAD = 0.979 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.974 CHF||1 CHF = 1.027 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.538 CNY||1 CNY = 0.153 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.953 CHF||1 CHF = 1.049 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.397 CNY||1 CNY = 0.156 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.707 CNY||1 CNY = 0.149 CHF|