Financial news on January 28, 2010
Business and Financial news
In its statement, the Fed said that economic activity had continued to strengthen and that the deterioration in the labor market was easing. Read more..
Two scholars point out that newspapers have had help since Washington’s day, with paid ads from local governments and discounts on bulk mail. Read more..
During the panel discussions at the World Economic Forum, participants didn’t hesitate to proclaim that tougher bank regulations were (or weren’t) needed. But it turns out there were more discussions along the sidelines. Read more..
To the delight of developers and buyers, games that sell for at least $30 on platforms like PlayStation cost a fraction of that on the iPhone platform. Read more..
Banks, and global economies in general, will have to adjust to a world where credit is less plentiful and cheap, Paul Achleitner, chief financial officer of German insurer Allianz, said at the World Economic Forum. Read more..
Brad Stone, David Carr, John Markoff and David Pogue were among journalists for The New York Times writing about the announcement of the iPad. Here are excerpts from their observations. Read more..
There was a sense among many in Davos that the task of rebuilding the shattered image of the financial industry was a major task that would probably outlive the immediate crisis, and might take many years. Read more..
Some wild speculations of a guy who’s never even tried the iPad. Believe me, I’ll review it when I get one. But I like what I’m seeing. Read more..
The latest sign at the World Economic Forum that the world is changing: a high-powered crowd turned up to hear economic advice from the prime minister of Vietnam. Read more..
The YoGen lets you generate the electricity (by repeatedly pulling a self-retracting string) to recharge cellphones and other devices. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||28.28||28.77||27.72||28.45||62.1M|
|Procter & Gamble||PG||61.67||63.31||61.58||61.68||26.9M|
|Walt Disney & Co.||DIS||29.43||29.48||28.71||29.35||17.1M|
|Johnson & Johnson||JNJ||63.57||64.07||63.04||63.80||17.1M|
|International Business Machines||IBM||127.03||127.04||123.05||123.75||9.62M|
Exchange Rates of January 28, 2010
|US Dollar||Japanese Yen||1 USD = 89.900 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.066 CAD||1 CAD = 0.938 USD|
|US Dollar||Swiss Franc||1 USD = 1.052 CHF||1 CHF = 0.950 USD|
|US Dollar||Chinese Yuan||1 USD = 6.827 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 125.600 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.865 GBP||1 GBP = 1.156 EUR|
|Euro||Australian Dollar||1 EUR = 1.562 AUD||1 AUD = 0.640 EUR|
|Euro||Canadian Dollar||1 EUR = 1.489 CAD||1 CAD = 0.671 EUR|
|Euro||Swiss Franc||1 EUR = 1.470 CHF||1 CHF = 0.680 EUR|
|Euro||Chinese Yuan||1 EUR = 9.536 CNY||1 CNY = 0.105 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.689 GBP||1 GBP = 1.452 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.243 AUD||1 AUD = 0.805 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.185 CAD||1 CAD = 0.844 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.170 CHF||1 CHF = 0.855 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.804 AUD||1 AUD = 0.554 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.720 CAD||1 CAD = 0.581 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.697 CHF||1 CHF = 0.589 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 11.006 CNY||1 CNY = 0.091 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.953 CAD||1 CAD = 1.049 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.940 CHF||1 CHF = 1.064 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.110 CNY||1 CNY = 0.164 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.987 CHF||1 CHF = 1.014 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.401 CNY||1 CNY = 0.156 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.489 CNY||1 CNY = 0.154 CHF|