Financial news on April 1st, 2008

Business and Financial news
Accusations of Delays in Releasing Drug Results

A doctor who led a key trial of two heart drugs accused their makers, Merck and Schering-Plough, last July of hiding the negative results. Read more..

By ALEX BERENSON - The New York Times

Colorado Proposes Tough Law on Executive Accountability

If adopted, the measure, which would make business executives criminally responsible if their companies run afoul of the law, would be the nation’s toughest corporate fraud law. Read more..

By DAN FROSCH - The New York Times

Delays Continue at New Heathrow Terminal

Canceled flights and continued struggles with the with the new computerized baggage-handling system could cost British Airways up to $50 million, analysts said. Read more..


Doubts Greet Treasury Plan on Regulation

Lawmakers and lobbyists from industries opposed to the plan predicted that most of it would be dead on arrival. Read more..

By STEPHEN LABATON - The New York Times

Few Lives Saved by Home Heart-Starting Devices

Researchers found no evidence that the devices produced significant life-saving benefits in their first major study. Read more..

By BARNABY J. FEDER - The New York Times

Food Prices Rise, Farmers Respond

Farmers say they intend to significantly cut corn acreage this year in favor of soybeans, which may help alleviate global shortages that have hit poor countries hard. Read more..

By DAVID STREITFELD - The New York Times

Insider Trading Cited in EADS Case

The French financial market regulator filed a formal complaint against the parent company of Airbus and more than a dozen current and former executives. Read more..

By NICOLA CLARK - The New York Times

March Sales Decline for Top 4 Automakers

Executives said they are bracing for the industry’s slump to continue for at least several more months. Read more..

By NICK BUNKLEY - The New York Times

National Standards to Rank Physicians Planned

The agreement represents a truce between doctors and health insurers in their longstanding dispute over how health plans rank physicians’ efforts in taking care of patients. Read more..

By REED ABELSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
JPMorgan ChaseJPM45.1347.0044.6647.0054.6M
Cisco SystemsCSCO24.5225.0124.3824.9853.2M
General ElectricGE37.4038.4337.3238.4350.7M
Oracle Corp.ORCL19.9120.4219.7220.4144.7M
Wells Fargo & Co.WFC30.3331.5330.1131.4936.1M
Wal-Mart StoresWMT53.2854.1652.8154.0824.2M
AT&T Inc.T38.9739.5738.6839.4823.5M
Home DepotHD28.2029.5828.1029.4920.3M
HP Inc.HPQ46.3447.8646.1147.5917.6M
Bristol-Myers SquibbBMY21.6322.1821.4322.1816.4M
Verizon CommunicationsVZ37.1837.9336.8837.7916.2M
Walt Disney & Co.DIS31.5232.0231.5231.9115.6M
Abbott LaboratoriesABT55.4055.4054.2055.2315.2M
International Business MachinesIBM115.14118.37114.97116.4911.9M
Procter & GamblePG69.9671.2069.8571.1411.6M
Johnson & JohnsonJNJ65.0065.9264.5165.8711.2M
Gilead SciencesGILD51.8653.0051.7252.8810.6M
UnitedHealth GroupUNH34.8436.2534.6036.258.89M
United TechnologiesUTX69.2471.6069.2471.247.36M
Union PacificUNP126.95128.88125.96127.951.87M
Berkshire HathawayBRK.B4500.004519.004380.004440.0036.3K
Exchange Rates of April 1st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.770 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.023 CAD1 CAD = 0.978 USD
US DollarSwiss Franc1 USD = 1.012 CHF1 CHF = 0.988 USD
US DollarChinese Yuan1 USD = 7.012 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 158.980 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.790 GBP1 GBP = 1.266 EUR
EuroAustralian Dollar1 EUR = 1.721 AUD1 AUD = 0.581 EUR
EuroCanadian Dollar1 EUR = 1.597 CAD1 CAD = 0.626 EUR
EuroSwiss Franc1 EUR = 1.580 CHF1 CHF = 0.633 EUR
Japanese YenPound Sterling1 JPY = 0.497 GBP1 GBP = 2.013 JPY
Japanese YenAustralian Dollar1 JPY = 1.082 AUD1 AUD = 0.924 JPY
Japanese YenCanadian Dollar1 JPY = 1.004 CAD1 CAD = 0.996 JPY
Japanese YenSwiss Franc1 JPY = 0.994 CHF1 CHF = 1.006 JPY
Pound SterlingAustralian Dollar1 GBP = 2.178 AUD1 AUD = 0.459 GBP
Pound SterlingCanadian Dollar1 GBP = 2.021 CAD1 CAD = 0.495 GBP
Pound SterlingSwiss Franc1 GBP = 2.000 CHF1 CHF = 0.500 GBP
Australian DollarCanadian Dollar1 AUD = 0.927 CAD1 CAD = 1.078 AUD
Australian DollarSwiss Franc1 AUD = 0.918 CHF1 CHF = 1.090 AUD
Canadian DollarSwiss Franc1 CAD = 0.989 CHF1 CHF = 1.011 CAD

See what else happened on April 1st, 2008