Financial news on March 27th, 2014

Business and Financial news
A TV App From Disney Lets Travelers Browse Its Vacation Offerings

Advertising column examines new smart TV app introduced by Walt Disney Parks and Resorts that will let potential travelers use their remote controls to research vacations at theme parks and hotels and on cruise ships and packaged tours. Read more..

By JANE L. LEVERE - The New York Times

China Export Restrictions on Metals Violate Global Trade Law, Panel Finds

World Trade Organization panel says China broke international trade law by restricting the export of rare earth elements and other metals crucial to modern manufacturing; conclusion opens possibility that country could face trade sanctions. Read more..

By DAVID JOLLY - The New York Times

Conscious Uncoupling for Drug Makers

In the wake of Baxter’s split, Merck, Bayer and Johnson & Johnson may find it hard not to jump on the bandwagon, says Robert Cyran of Reuters Breakingviews. Read more..

By ROBERT CYRAN - The New York Times

Consortium Wants Standards for 'Internet of Things'

Several large corporations are working to establish global standards for the connections of intricate systems of sensors and computers in hospitals, oil rigs and other industrial settings. Read more..

By QUENTIN HARDY - The New York Times

F.D.A. Unveils Deal to Limit Antibiotic Use in Animal Feed

Food and Drug Administration announces that nearly all drug companies that make antibiotics for use in animal feed have agreed to its proposal to phase out the use of drugs that make animals grow faster; 25 of 26 such companies will remove words 'growth-promotion' from their labels. Read more..


Messaging Services Bypass the Old SMS Route

Kit Eaton App Smart column examines mobile applications like Kik and WhatsApp that offer alternatives to SMS messaging; notes apps allow longer messages, group chats, and the ability to add photos or video. Read more..

By KIT EATON - The New York Times

Pretax Profit Slumps 40% at Raiffeisen

Raiffeisen Bank International, a lender with large holdings in Ukraine and Russia, said net profit was up 9 percent to about $201 million, though its problem loans mounted. Read more..

By JACK EWING - The New York Times

T.S.A. Calls for Armed Guards at Airport Checkpoints

Transportation Security Administration releases new security measures in response to fatal 2013 shooting at Los Angeles International Airport; recommends armed personnel be present at airport checkpoints during peak hours of passenger traffic, though airports would be able to tailor the security to their specific needs Read more..

By RON NIXON - The New York Times

What I Have Learned About Pitching for Investment Capital

Before going out this time, I worked with consultants who insisted that I rewrite my deck and adjust my presentation. Read more..

By REBEKAH CAMPBELL - The New York Times

With App and Premium Plan, The Times Expands Online Offerings

New York Times Company announces two new subscription plans in effort to expand digital offerings and increase revenue; NYT Now will offer an affordable app edited for a mobile audience, while Times Premier will provide access to premium content, including a behind-the-scenes look at the newspaper and its journalism. Read more..

By RAVI SOMAIYA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO22.1322.3921.9422.0252.2M
AT&T Inc.T34.6635.0334.6034.9633.4M
Verizon CommunicationsVZ46.9847.7046.9747.6932.6M
General ElectricGE25.5825.8525.5125.8129.6M
Wells Fargo & Co.WFC49.5149.7948.6549.1029.1M
Oracle Corp.ORCL38.9939.5638.8039.2426.3M
JPMorgan ChaseJPM59.9460.5559.0259.9224.6M
Gilead SciencesGILD72.3873.3470.5971.4117.7M
General MotorsGM34.2834.9934.1134.5116.4M
HP Inc.HPQ32.1632.2931.6531.9312.4M
Walt Disney & Co.DIS78.3078.6277.2878.489.19M
Johnson & JohnsonJNJ97.0897.7096.2697.288.69M
Procter & GamblePG79.5580.4379.3879.658.13M
Bristol-Myers SquibbBMY52.5652.5751.5152.338.06M
Abbott LaboratoriesABT38.5538.6938.1338.457.4M
International Business MachinesIBM191.91192.67189.32189.836.77M
Home DepotHD78.6379.0278.3778.685.8M
Wal-Mart StoresWMT76.3876.8276.0476.145.6M
UnitedHealth GroupUNH81.5881.9080.7881.025.45M
Berkshire HathawayBRK.B123.29123.85122.63123.473.98M
United TechnologiesUTX114.29114.70113.30113.802.4M
Union PacificUNP183.56185.25182.85183.312.13M
Exchange Rates of March 27th, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 102.220 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.103 CAD1 CAD = 0.906 USD
US DollarSwiss Franc1 USD = 0.887 CHF1 CHF = 1.128 USD
US DollarChinese Yuan1 USD = 6.213 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 140.460 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.828 GBP1 GBP = 1.208 EUR
EuroAustralian Dollar1 EUR = 1.484 AUD1 AUD = 0.674 EUR
EuroCanadian Dollar1 EUR = 1.516 CAD1 CAD = 0.660 EUR
EuroSwiss Franc1 EUR = 1.218 CHF1 CHF = 0.821 EUR
EuroChinese Yuan1 EUR = 8.535 CNY1 CNY = 0.117 EUR
Japanese YenPound Sterling1 JPY = 0.589 GBP1 GBP = 1.698 JPY
Japanese YenAustralian Dollar1 JPY = 1.056 AUD1 AUD = 0.947 JPY
Japanese YenCanadian Dollar1 JPY = 1.079 CAD1 CAD = 0.927 JPY
Japanese YenSwiss Franc1 JPY = 0.867 CHF1 CHF = 1.153 JPY
Pound SterlingAustralian Dollar1 GBP = 1.793 AUD1 AUD = 0.558 GBP
Pound SterlingCanadian Dollar1 GBP = 1.832 CAD1 CAD = 0.546 GBP
Pound SterlingSwiss Franc1 GBP = 1.472 CHF1 CHF = 0.679 GBP
Pound SterlingChinese Yuan1 GBP = 10.318 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 1.021 CAD1 CAD = 0.979 AUD
Australian DollarSwiss Franc1 AUD = 0.821 CHF1 CHF = 1.218 AUD
Australian DollarChinese Yuan1 AUD = 5.752 CNY1 CNY = 0.174 AUD
Canadian DollarSwiss Franc1 CAD = 0.803 CHF1 CHF = 1.245 CAD
Canadian DollarChinese Yuan1 CAD = 5.631 CNY1 CNY = 0.178 CAD
Swiss FrancChinese Yuan1 CHF = 7.007 CNY1 CNY = 0.143 CHF

See what else happened on March 27th, 2014