Financial news on February 27, 2016
Business and Financial news
Apple chief executive Timothy D Cook receives standing ovation before speech at firm's annual shareholder meeting for opposing federal court order demanding company help law enforcement officials break into iPhone used by San Bernardino gunman; scene illustrates shareholders' high level of support for Cook. Read more..
The group was said to have agreed to pay $2.8 billion for the company that operates the airport, which is close to the center of London. Read more..
Timothy Polin drags us onto the court. Read more..
What Wall Street leaders need to do to get their stocks moving is to cut compensation. They should reverse-engineer their income statements to increase their profits. Read more..
The Italian oil giant is the latest energy company to be hit by sharply lower crude prices, which have slashed revenue and led to asset write-downs. Read more..
People's Bank of China governor Zhou Xiaochuan, in attempt to soothe worry over country's economic health, holds rare news conference to announce China plans no further devaluation of its renminbi currency; Chinese stocks rise following his remarks. Read more..
Dow to pay $835 million after deciding that the absence of the conservative judge changed the balance of a suit that was heading to the Supreme Court. Read more..
Retiring column; so-called continuing care retirement communities offer independent living apartments, along with assisted-living support, home care, nursing home and often specialized memory care, all in one complex. Read more..
New Republic owner Chris Hughes, who helmed magazine for four troubled years, says he has sold publication to publisher and editor Win McCormack. Read more..
Television networks, long reliant on conventional commercials, are implementing ad-reduction strategy as worries over cord-cutting and big ratings drops increase; shift in number of TV ads televised will probably occur gradually. Read more..
Exchange Rates of February 27, 2016
|US Dollar||Australian Dollar||1 USD = 1,401 AUD||1 AUD = 0,714 USD|
|US Dollar||Swiss Franc||1 USD = 0,996 CHF||1 CHF = 1,004 USD|
|US Dollar||Mexican Peso||1 USD = 18,247 MXN||1 MXN = 0,055 USD|
|Euro||Australian Dollar||1 EUR = 1,527 AUD||1 AUD = 0,655 EUR|
|Euro||Canadian Dollar||1 EUR = 1,473 CAD||1 CAD = 0,679 EUR|
|Australian Dollar||Canadian Dollar||1 AUD = 0,962 CAD||1 CAD = 1,039 AUD|