Financial news on December 31, 2014

Business and Financial news
As Lithuania Joins Eurozone, Relief and Hesitation

Lithuania in January 2015 will become 19th country in to adopt euro; analysts and political leaders say it should expedite commerce, end money-changing expenses and help develop new markets to West, but enthusiasm among residents is tepid. Read more..

By JACK EWING - The New York Times

IBM Needs to Spend Cash, Not Return It

Over the last four quarters, IBM has spent more than $23 billion on dividends and buybacks while revenue has shrunk. A better idea is to invest more in the business. Read more..

By ROBERT CYRAN - The New York Times

Kings Theater in Flatbush Set to Reopen, and Lift a Neighborhood

Former Loews Kings Theater on Flatbush Avenue in Brooklyn will reopen in February 2015 as $95 million multipurpose performing arts center that is encouraging new development in area; 1920s theater will seat 3,250. Read more..

By JANE L. LEVERE - The New York Times

K.K.R. Sells Last of Alliance Boots Stake

The private equity giant, which took the British chain private in Europe’s largest buyout, will now hold 4.6 percent of the combined Walgreens Boots Alliance. Read more..

By DEALBOOK - The New York Times

Qwant Wants to Be Alternative to Google

A search engine called Qwant is trying to tap into growing anger in Europe that Google holds too much control over how people surf the Web. Read more..

By MARK SCOTT - The New York Times

Recent Commercial Transactions

Notable properties that have been recently listed for sale, sold or leased. Read more..

By ROSALIE R. RADOMSKY - The New York Times

Sony Cyberattack, First a Nuisance, Swiftly Grew Into a Firestorm

Interviews suggest that Sony — slow to realize the depths of its peril — let its troubles deepen by mounting a public defense only after enormous damage had been done. Read more..


Start-Ups Rise to Close a Gap for Farmers

Many small businesses, like trucking firm Fresh Connection, are coming to forefront to supply local farmers and their customers with marketing, transportation, logistics and other services; services are meeting growing demand for meat and produce farmed locally; Fresh Connection provides delivery services to farms around New York City. Read more..

By STEPHANIE STROM - The New York Times

Stock Markets Hit High in 2014 as Bull Run Endured

The run-up has continued nearly 70 months, making it the fourth-longest bull market since World War II, according to data from Standard & Poor’s. Read more..

By PETER EAVIS - The New York Times

Uber Suspends Operations in Spain

In a first in the growing pushback against Uber’s global expansion, a judge’s ruling barred telecommunications operators and banks from supporting the company’s services. Read more..

By MARK SCOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE25.4225.5225.2725.2728.2M
AT&T Inc.T33.9834.0833.5433.5924.2M
Cisco SystemsCSCO28.2828.4127.8127.8221.5M
JPMorgan ChaseJPM63.3063.4962.5862.5818.5M
Verizon CommunicationsVZ47.0847.4046.7046.7814M
Gilead SciencesGILD96.0096.7594.2494.2613.9M
Oracle Corp.ORCL45.4545.5644.9744.9713.3M
General MotorsGM35.2435.4534.8934.9112.3M
Wells Fargo & Co.WFC55.5055.6754.8254.8210.1M
HP Inc.HPQ40.7540.8240.1040.137.21M
Johnson & JohnsonJNJ105.61106.11104.54104.576.2M
Home DepotHD104.75106.02104.56104.975.82M
Procter & GamblePG92.0492.5591.0391.095.71M
Walt Disney & Co.DIS95.1395.5294.0394.194.8M
Bristol-Myers SquibbBMY59.3060.1458.9659.034.35M
Wal-Mart StoresWMT87.0887.4485.8685.884.15M
International Business MachinesIBM160.41161.50160.38160.444.01M
Abbott LaboratoriesABT45.7046.0544.9945.023.42M
Berkshire HathawayBRK.B152.20152.67150.15150.153.32M
United TechnologiesUTX116.60116.90114.96115.002.36M
Union PacificUNP120.72120.77119.02119.132.36M
UnitedHealth GroupUNH103.12103.68101.03101.092.31M
Exchange Rates of December 31, 2014
CurrenciesExchange Rates
US DollarEuro1 USD = 0.826 EUR1 EUR = 1.210 USD
US DollarJapanese Yen1 USD = 119.660 JPY1 JPY = 0.008 USD
US DollarPound Sterling1 USD = 0.642 GBP1 GBP = 1.558 USD
US DollarAustralian Dollar1 USD = 1.223 AUD1 AUD = 0.818 USD
US DollarCanadian Dollar1 USD = 1.162 CAD1 CAD = 0.861 USD
US DollarSwiss Franc1 USD = 0.994 CHF1 CHF = 1.006 USD
US DollarChinese Yuan1 USD = 6.202 CNY1 CNY = 0.161 USD
US DollarMexican Peso1 USD = 14.736 MXN1 MXN = 0.068 USD
US DollarSwidish Krona1 USD = 7.822 SEK1 SEK = 0.128 USD
EuroJapanese Yen1 EUR = 144.790 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.777 GBP1 GBP = 1.288 EUR
EuroAustralian Dollar1 EUR = 1.478 AUD1 AUD = 0.677 EUR
EuroCanadian Dollar1 EUR = 1.404 CAD1 CAD = 0.712 EUR
EuroSwiss Franc1 EUR = 1.202 CHF1 CHF = 0.832 EUR
EuroChinese Yuan1 EUR = 7.502 CNY1 CNY = 0.133 EUR
EuroMexican Peso1 EUR = 17.844 MXN1 MXN = 0.056 EUR
EuroSwidish Krona1 EUR = 9.468 SEK1 SEK = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.005 GBP1 GBP = 185.185 JPY
Japanese YenAustralian Dollar1 JPY = 0.010 AUD1 AUD = 98.039 JPY
Japanese YenCanadian Dollar1 JPY = 0.010 CAD1 CAD = 103.093 JPY
Japanese YenSwiss Franc1 JPY = 0.008 CHF1 CHF = 120.482 JPY
Japanese YenChinese Yuan1 JPY = 0.052 CNY1 CNY = 19.305 JPY
Japanese YenMexican Peso1 JPY = 0.123 MXN1 MXN = 8.117 JPY
Japanese YenSwidish Krona1 JPY = 0.065 SEK1 SEK = 15.408 JPY
Pound SterlingAustralian Dollar1 GBP = 1.905 AUD1 AUD = 0.525 GBP
Pound SterlingCanadian Dollar1 GBP = 1.809 CAD1 CAD = 0.553 GBP
Pound SterlingSwiss Franc1 GBP = 1.548 CHF1 CHF = 0.646 GBP
Pound SterlingChinese Yuan1 GBP = 9.660 CNY1 CNY = 0.104 GBP
Pound SterlingMexican Peso1 GBP = 22.978 MXN1 MXN = 0.044 GBP
Pound SterlingSwidish Krona1 GBP = 12.157 SEK1 SEK = 0.082 GBP
Australian DollarCanadian Dollar1 AUD = 0.949 CAD1 CAD = 1.054 AUD
Australian DollarSwiss Franc1 AUD = 0.812 CHF1 CHF = 1.232 AUD
Australian DollarChinese Yuan1 AUD = 5.068 CNY1 CNY = 0.197 AUD
Australian DollarMexican Peso1 AUD = 12.054 MXN1 MXN = 0.083 AUD
Australian DollarSwidish Krona1 AUD = 6.395 SEK1 SEK = 0.156 AUD
Canadian DollarSwiss Franc1 CAD = 0.855 CHF1 CHF = 1.170 CAD
Canadian DollarChinese Yuan1 CAD = 5.340 CNY1 CNY = 0.187 CAD
Canadian DollarMexican Peso1 CAD = 12.701 MXN1 MXN = 0.079 CAD
Canadian DollarSwidish Krona1 CAD = 6.734 SEK1 SEK = 0.148 CAD
Swiss FrancChinese Yuan1 CHF = 6.236 CNY1 CNY = 0.160 CHF
Swiss FrancMexican Peso1 CHF = 14.834 MXN1 MXN = 0.067 CHF
Swiss FrancSwidish Krona1 CHF = 7.869 SEK1 SEK = 0.127 CHF
Chinese YuanSwidish Krona1 CNY = 1.251 SEK1 SEK = 0.799 CNY

See what else happened on December 31, 2014