Financial news on January 31, 2014

Business and Financial news
Diageo Reports Slower Growth

The world’s biggest distiller joined other consumer brands in saying that slower growth in developing economies last year hurt its business. Read more..

By JULIA WERDIGIER - The New York Times

Economy Is Expanding, but Obama’s Legacy May Be Slipping Away

Commerce Department reports that the economy grew by 3.2 percent in the final quarter of 2013, providing White House with further evidence of 'breakout year' Pres Obama cited in State of the Union address; expansion is nonetheless unlikely to match gains under his two predecessors, threatening his legacy. Read more..

By NELSON D. SCHWARTZ - The New York Times

High Stakes for Agencies, and Products, at Super Bowl

Advertising column; stakes are high, along with price tag, for sponsors running ads in the Super Bowl but some are risking more than others; more than 30 marketers are buying commercial time during game, at rates in the neighborhood of $4 million for each 30 seconds of airtime. Read more..

By STUART ELLIOTT - The New York Times

In Motorola Purchase, Lenovo Gains Big Footprint in Smartphones

The Chinese PC giant’s purchase of Motorola Mobility from Google has vaulted it into the field’s top three, though it has a long way to go to catch Apple or Samsung. Read more..

By ERIC PFANNER - The New York Times

Obama and G.O.P. Facing Opposition to Trade Pacts

Pres Obama and allied Republicans have run into staunch opposition from Democrats and labor as they seek fast-track approval of trade deals with Pacific Rim nations and Europe; Obama has argued that deals would be an economic shot in the arm for nation, but his opponents fear further job losses and inadequate environmental protections. Read more..

By ANNIE LOWREY - The New York Times

Some Toyota Model Sales Halted Over Seat Problem

Toyota tells its dealers to stop selling about 36,000 vehicles of its most popular models because a component on the heated seats does not comply with a federal safety standard for flame retardants; asks National Highway Traffic Safety Administration not to require a recall of vehicles already sold. Read more..

By CHRISTOPHER JENSEN - The New York Times

Southwest and JetBlue Buy Washington Airport Rights

Southwest Airlines and JetBlue Airways purchase the takeoff and landing rights at Ronald Reagan National Airport in Washington that the Justice Department required American Airlines and US Airways to sell as a condition of their merger. Read more..

By JAD MOUAWAD - The New York Times

Struggling Zynga to Buy Mobile Game Maker

Zynga says it is buying mobile game developer NaturalMotion for $527 million, while also announcing a 15 percent reduction in its work force; company reports quarterly loss of $25.2 million, or 3 cents per share, up from a loss of $48.6 million, or 6 cents per share, in year-earlier period. Read more..

By THE ASSOCIATED PRESS - The New York Times

Super Bowl Will Again Be a Showcase for Automakers

Chevrolet, Audi, Kia and Toyota are among repeat Super Bowl advertisers, but Jaguar will be a first timer. Read more..

By BENJAMIN PRESTON - The New York Times

Viacom Quarterly Profit Rises 16%, Lifted by Cable Fees and Lower Costs

Viacom reports fourth-quarter profit of $547 million, or $1.20 per share, up from 4473 million, or 93 cents per share, in year-earlier period; cites lower costs at Paramount Pictures and higher subscriber fees at cable networks. Read more..

By BROOKS BARNES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 36.95 37.89 36.56 37.84 93.2M
Facebook FB 60.47 63.37 60.17 62.57 87.8M
Cisco Systems CSCO 21.61 21.99 21.61 21.91 43.3M
Pfizer PFE 30.56 30.66 30.21 30.40 41.4M
General Electric GE 25.21 25.38 25.08 25.13 40.3M
AT&T Inc. T 32.97 33.69 32.77 33.32 34.2M
Intel INTC 24.45 24.65 24.40 24.54 28.6M
Wells Fargo & Co. WFC 45.41 45.71 45.23 45.34 27.3M
General Motors GM 36.22 36.84 35.88 36.08 27.2M
Verizon Communications VZ 47.10 48.50 47.02 48.02 18.5M
JPMorgan Chase JPM 55.50 56.11 55.18 55.36 18.2M
ExxonMobil XOM 92.85 93.28 91.70 92.16 17.4M
Oracle Corp. ORCL 37.03 37.20 36.68 36.90 17M
Apple AAPL 495.18 501.53 493.55 500.60 16.6M
Merck MRK 53.31 53.48 52.76 52.97 16.3M
Coca-Cola KO 37.95 38.16 37.72 37.82 16.2M
Amazon AMZN 371.76 375.45 357.76 358.69 16.2M
Comcast CMCSA 52.89 54.70 52.89 54.45 16.1M
Chevron CVX 113.90 113.90 111.11 111.63 15.5M
Altria MO 35.00 35.53 34.33 35.22 15.5M
Procter & Gamble PG 76.03 77.19 75.26 76.62 13M
HP Inc. HPQ 28.94 29.19 28.74 29.00 12.9M
Johnson & Johnson JNJ 89.01 89.34 88.15 88.47 12.2M
Alphabet GOOGL 1171.35 1186.54 1151.13 1180.97 11.1M
Abbott Laboratories ABT 36.03 36.89 35.97 36.66 10.8M
Gilead Sciences GILD 79.97 81.75 79.35 80.65 10.8M
ConocoPhillips COP 65.05 65.48 64.35 64.95 10.7M
Home Depot HD 76.20 77.47 75.85 76.85 10.6M
Wal-Mart Stores WMT 73.92 75.19 73.64 74.68 10.5M
Boeing BA 124.46 126.87 123.08 125.26 9.73M
Walt Disney & Co. DIS 72.20 73.32 71.80 72.61 7.75M
Bristol-Myers Squibb BMY 50.04 50.47 49.76 49.97 7.73M
Pepsico PEP 80.20 80.82 79.90 80.36 6.73M
Schlumberger SLB 87.87 88.59 87.30 87.57 6.34M
Visa V 216.13 218.90 215.11 215.43 6.11M
McDonald's MCD 93.05 94.55 92.95 94.17 5.97M
Berkshire Hathaway BRK.B 111.81 112.37 110.85 111.60 5.87M
International Business Machines IBM 176.11 177.84 175.34 176.68 5.19M
Amgen AMGN 118.55 120.21 118.10 118.95 4.93M
UnitedHealth Group UNH 71.87 72.35 71.45 72.28 4.29M
3M MMM 126.60 129.20 126.42 128.19 3.72M
United Technologies UTX 112.98 114.93 112.37 114.02 3.48M
Union Pacific UNP 174.68 175.82 173.18 174.24 2.52M
Exchange Rates of January 31, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 102.050 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.113 CAD 1 CAD = 0.899 USD
US Dollar Swiss Franc 1 USD = 0.906 CHF 1 CHF = 1.104 USD
Euro Japanese Yen 1 EUR = 137.610 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.820 GBP 1 GBP = 1.219 EUR
Euro Australian Dollar 1 EUR = 1.540 AUD 1 AUD = 0.649 EUR
Euro Canadian Dollar 1 EUR = 1.501 CAD 1 CAD = 0.666 EUR
Euro Swiss Franc 1 EUR = 1.222 CHF 1 CHF = 0.818 EUR
Euro Chinese Yuan 1 EUR = 8.174 CNY 1 CNY = 0.122 EUR
Japanese Yen Pound Sterling 1 JPY = 0.596 GBP 1 GBP = 1.679 JPY
Japanese Yen Australian Dollar 1 JPY = 1.118 AUD 1 AUD = 0.894 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.090 CAD 1 CAD = 0.917 JPY
Japanese Yen Swiss Franc 1 JPY = 0.888 CHF 1 CHF = 1.127 JPY
Pound Sterling Australian Dollar 1 GBP = 1.877 AUD 1 AUD = 0.533 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.830 CAD 1 CAD = 0.547 GBP
Pound Sterling Swiss Franc 1 GBP = 1.489 CHF 1 CHF = 0.671 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.960 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.974 CAD 1 CAD = 1.026 AUD
Australian Dollar Swiss Franc 1 AUD = 0.793 CHF 1 CHF = 1.261 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.304 CNY 1 CNY = 0.189 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.813 CHF 1 CHF = 1.230 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.443 CNY 1 CNY = 0.184 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.686 CNY 1 CNY = 0.150 CHF

See what else happened on January 31, 2014