Financial news on January 30, 2014

Business and Financial news
An Employer Tells Congress the Health Care Mandate Could Triple His Costs

The issue, as the Republicans and their witnesses at the hearing they convened see it, is that the law defines full-time employment as working 30 hours a week, rather than 40. Read more..

By ROBB MANDELBAUM - The New York Times

Citing Growth, Fed Again Cuts Monthly Bond Purchases

Federal Reserve says it will continue to slowly dismantle its stimulus campaign; Fed's policy-making committee voted unanimously to pare monthly bond purchases by another $10 billion, despite lingering concerns about United States economy and growing signs that retreat is causing problems in emerging markets. Read more..

By BINYAMIN APPELBAUM - The New York Times

Crime Writer Henning Mankell Says He Has Cancer

Mr. Mankell, 65, is author of a series of novels with the detective Kurt Wallander. He says he will write about his experiences in a newspaper column. Read more..

By JULIE BOSMAN - The New York Times

Investors Still Wary of Efforts to Shore Up Currencies

Turkish and South African currencies plummeted on Wednesday, despite emergency measures by their central banks. Read more..

By JACK EWING and SEBNEM ARSU - The New York Times

Justice Dept. Vows to Find Hackers of Target

Target says hackers who were behind holiday season theft of credit card data from millions of its customers were able to get into company's system using vendor's credentials; statement comes hours after Atty Gen Eric H Holder Jr says Justice Department is committed to finding those behind attack. Read more..

By MATT APUZZO and ELIZABETH A. HARRIS - The New York Times

Music Data Firms to Collaborate on Internet Radio Platform

Gracenote will work with the data company Next Big Sound as it develops a system that would let almost any anyone create an Internet radio service. Read more..

By BEN SISARIO - The New York Times

Obama Orders Creation of ‘MyRA’ Savings Accounts

Pres Obama, making good on State of the Union promise, orders creation of new employer-sponsored savings accounts intended to help more people get started saving for retirement; Treasury officials say program call myRA, which are intended for people who do not now have employer-sponsored savings plans, will operate much like Roth IRA’s. Read more..

By TARA SIEGEL BERNARD - The New York Times

Personal Trainer, Worn on a Wrist

Jenna Wortham State of the Art column on Fitbit Force, wristband that opens window into users' exercise habits, but still requires good bit of work; says like most fitness trackers, it has trouble distinguishing between different types of activities. Read more..

By JENNA WORTHAM - The New York Times

Study Says New Method Could Be a Quicker Source of Stem Cells

Study published in journal Nature finds that simple acid bath might turn out to be quicker and easier source of multipurpose stem cells than methods now in use; technique was developed by researchers at Riken Center for Developmental Biology in Kobe, Japan, and Brigham and Women’s Hospital and Harvard Medical School in Boston Read more..

By ANDREW POLLACK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 62.12 62.50 60.46 61.08 150M
Cisco Systems CSCO 21.77 21.99 21.63 21.98 42.9M
Microsoft MSFT 36.79 36.88 36.23 36.86 35M
Pfizer PFE 30.40 30.85 30.21 30.82 32.1M
General Electric GE 25.50 25.59 25.33 25.50 30.1M
AT&T Inc. T 33.54 33.59 33.01 33.35 29.1M
Intel INTC 24.75 24.89 24.54 24.74 24.6M
Apple AAPL 502.54 506.50 496.70 499.78 24.2M
Altria MO 36.24 36.24 35.16 35.35 18.7M
Merck MRK 52.46 53.67 52.38 53.51 17.4M
JPMorgan Chase JPM 56.07 56.39 55.63 56.00 17M
General Motors GM 36.88 37.07 36.48 36.84 15.5M
ExxonMobil XOM 94.00 94.95 93.06 93.99 14.6M
Comcast CMCSA 53.31 54.35 52.98 54.19 14.5M
Verizon Communications VZ 47.77 48.09 47.55 47.63 14.4M
Coca-Cola KO 38.00 38.41 38.00 38.17 13.7M
Oracle Corp. ORCL 37.19 37.56 37.08 37.40 13M
Wells Fargo & Co. WFC 45.85 46.20 45.77 46.05 12.6M
Amazon AMZN 393.77 406.25 387.70 403.01 10.5M
Boeing BA 131.70 131.70 125.20 126.53 10.4M
Alphabet GOOGL 1145.00 1152.49 1127.25 1135.39 10.2M
Gilead Sciences GILD 80.70 82.20 80.65 81.52 10.2M
Abbott Laboratories ABT 36.24 36.62 36.14 36.53 9.58M
Procter & Gamble PG 78.05 78.05 76.77 76.87 9.45M
HP Inc. HPQ 29.15 29.42 29.08 29.25 9.1M
Walt Disney & Co. DIS 72.09 73.63 72.00 73.22 7.55M
Bristol-Myers Squibb BMY 50.61 51.06 50.17 50.49 7.53M
Johnson & Johnson JNJ 89.62 89.78 89.01 89.50 6.87M
Home Depot HD 77.23 77.76 76.65 76.93 6.82M
Wal-Mart Stores WMT 74.54 75.09 74.36 74.75 6.73M
Schlumberger SLB 87.90 89.49 87.89 88.81 5.61M
Chevron CVX 116.31 116.96 115.18 116.45 5.54M
ConocoPhillips COP 66.60 66.65 65.32 65.75 5.53M
Visa V 225.75 226.00 216.31 220.88 5.01M
McDonald's MCD 93.39 94.00 92.93 93.80 4.99M
International Business Machines IBM 177.17 177.86 176.36 177.36 4.85M
Pepsico PEP 80.62 81.36 80.55 81.08 4.59M
UnitedHealth Group UNH 71.70 73.04 71.53 72.80 4.25M
3M MMM 129.96 129.96 126.53 128.05 4.1M
Berkshire Hathaway BRK.B 111.85 113.33 111.38 113.00 3.79M
Amgen AMGN 120.07 121.98 119.55 120.89 3.32M
United Technologies UTX 113.98 115.27 113.65 114.68 3.21M
Union Pacific UNP 174.75 177.00 174.33 176.23 2.68M
Exchange Rates of January 30, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 102.710 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.116 CAD 1 CAD = 0.896 USD
US Dollar Swiss Franc 1 USD = 0.903 CHF 1 CHF = 1.108 USD
US Dollar Chinese Yuan 1 USD = 6.061 CNY 1 CNY = 0.165 USD
Euro Japanese Yen 1 EUR = 139.230 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.822 GBP 1 GBP = 1.216 EUR
Euro Australian Dollar 1 EUR = 1.541 AUD 1 AUD = 0.649 EUR
Euro Canadian Dollar 1 EUR = 1.513 CAD 1 CAD = 0.661 EUR
Euro Swiss Franc 1 EUR = 1.223 CHF 1 CHF = 0.817 EUR
Euro Chinese Yuan 1 EUR = 8.213 CNY 1 CNY = 0.122 EUR
Japanese Yen Pound Sterling 1 JPY = 0.590 GBP 1 GBP = 1.694 JPY
Japanese Yen Australian Dollar 1 JPY = 1.106 AUD 1 AUD = 0.904 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.086 CAD 1 CAD = 0.921 JPY
Japanese Yen Swiss Franc 1 JPY = 0.879 CHF 1 CHF = 1.138 JPY
Pound Sterling Australian Dollar 1 GBP = 1.874 AUD 1 AUD = 0.534 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.839 CAD 1 CAD = 0.544 GBP
Pound Sterling Swiss Franc 1 GBP = 1.488 CHF 1 CHF = 0.672 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.989 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.981 CAD 1 CAD = 1.019 AUD
Australian Dollar Swiss Franc 1 AUD = 0.793 CHF 1 CHF = 1.261 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.329 CNY 1 CNY = 0.188 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.809 CHF 1 CHF = 1.237 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.431 CNY 1 CNY = 0.184 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.711 CNY 1 CNY = 0.149 CHF

See what else happened on January 30, 2014