Financial news on April 29, 2013
Business and Financial news
After a smooth test flight to test troublesome batteries, Boeing and ANA must now turn to a more delicate task -- selling passingers on the idea that the Dreamliner is safe. Read more..
Malkin family is awaiting court's decision on lawsuit challenging their plans to offer to the public shares in 19 properties in the New York area that they oversee, including Empire State Building; offering would catapult Malkin family into elite of Manhattan real estate, valuing their stake at estimated $730 million and installing Anthony Malkin as chairman of a major new company, Empire State Realty Trust. Read more..
The share of Americans holding jobs has failed to improve much over the last three years, but Federal Reserve officials show little interest in expanding their stimulus campaign. Read more..
Media Decoder blog; Michael Diamond and Adam Horovitz, surviving members of hip-hop group Beastie Boys, sign deal with Spiegel & Grau to write eclectic memoir of the band. Read more..
University of Southern California's Norman Lear Center has received $3.25 million in financing from Bill and Melinda Gates Foundation and John S and James L Knight Foundation to create a global hub for people who measure actual impact of media--journalistic, cinematic, social and otherwise. Read more..
The euro crisis was not caused by austerity but rather stemmed from the fact that many economies had become flabby and uncompetitive. Those problems still need to be dealt with. Read more..
Antitax groups seem to be losing their influence, as Republican lawmakers’ constituents support legislation that would require Internet retailers to collect sales taxes. Read more..
Commercial real estate has long had a place in the portfolios of wealthy investors, who see it as a useful diversification away from more volatile assets like stocks or bonds. Read more..
The Times’s Amy Chozick discusses the fallout of a hacked Twitter message that dropped stock prices last week and is now raising questions in the markets. Read more..
After a Twitter hoax caused the Dow to drop temporarily by 150 points, regulators are increasingly concerned about the combination of social media and high-frequency trading. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||37.95||37.98||37.76||37.88||16M|
|Johnson & Johnson||JNJ||85.02||85.89||84.91||85.58||8.04M|
|Walt Disney & Co.||DIS||62.82||63.25||62.59||63.00||7.2M|
|Procter & Gamble||PG||77.56||77.98||77.23||77.68||6.64M|
|International Business Machines||IBM||194.78||199.68||194.65||199.15||5.93M|
Exchange Rates of April 29, 2013
|US Dollar||Japanese Yen||1 USD = 97.820 JPY||1 JPY = 0.010 USD|
|US Dollar||Canadian Dollar||1 USD = 1.012 CAD||1 CAD = 0.988 USD|
|US Dollar||Swiss Franc||1 USD = 0.937 CHF||1 CHF = 1.067 USD|
|US Dollar||Chinese Yuan||1 USD = 6.165 CNY||1 CNY = 0.162 USD|
|Euro||Japanese Yen||1 EUR = 128.090 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.845 GBP||1 GBP = 1.184 EUR|
|Euro||Australian Dollar||1 EUR = 1.266 AUD||1 AUD = 0.790 EUR|
|Euro||Canadian Dollar||1 EUR = 1.325 CAD||1 CAD = 0.755 EUR|
|Euro||Swiss Franc||1 EUR = 1.227 CHF||1 CHF = 0.815 EUR|
|Euro||Chinese Yuan||1 EUR = 8.081 CNY||1 CNY = 0.124 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.659 GBP||1 GBP = 1.517 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.987 AUD||1 AUD = 1.013 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.034 CAD||1 CAD = 0.968 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.958 CHF||1 CHF = 1.044 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.497 AUD||1 AUD = 0.668 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.567 CAD||1 CAD = 0.638 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.452 CHF||1 CHF = 0.689 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.561 CNY||1 CNY = 0.105 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.047 CAD||1 CAD = 0.955 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.969 CHF||1 CHF = 1.032 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.385 CNY||1 CNY = 0.157 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.926 CHF||1 CHF = 1.080 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.097 CNY||1 CNY = 0.164 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.584 CNY||1 CNY = 0.152 CHF|