Financial news on April 01, 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..

By JULIA WERDIGIER and NICOLA CLARK - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.83 29.54 28.63 29.50 65.8M
Altria MO 21.12 22.22 20.95 22.15 64.1M
Intel INTC 21.70 22.00 21.40 21.97 55.5M
JPMorgan Chase JPM 45.13 47.00 44.66 47.00 54.6M
Cisco Systems CSCO 24.52 25.01 24.38 24.98 53.2M
General Electric GE 37.40 38.43 37.32 38.43 50.7M
Oracle Corp. ORCL 19.91 20.42 19.72 20.41 44.7M
Merck MRK 38.42 38.86 38.05 38.32 41.4M
Pfizer PFE 20.99 21.38 20.84 21.38 37.5M
Apple AAPL 146.30 149.66 143.61 149.53 36.9M
Wells Fargo & Co. WFC 30.33 31.53 30.11 31.49 36.1M
Wal-Mart Stores WMT 53.28 54.16 52.81 54.08 24.2M
ExxonMobil XOM 84.77 87.04 84.26 87.02 24M
AT&T Inc. T 38.97 39.57 38.68 39.48 23.5M
Comcast CMCSA 19.77 20.21 19.58 20.14 21.8M
Home Depot HD 28.20 29.58 28.10 29.49 20.3M
HP Inc. HPQ 46.34 47.86 46.11 47.59 17.6M
Bristol-Myers Squibb BMY 21.63 22.18 21.43 22.18 16.4M
Verizon Communications VZ 37.18 37.93 36.88 37.79 16.2M
Walt Disney & Co. DIS 31.52 32.02 31.52 31.91 15.6M
Abbott Laboratories ABT 55.40 55.40 54.20 55.23 15.2M
Visa V 63.00 63.68 60.31 61.61 15.1M
McDonald's MCD 56.25 57.05 56.00 56.91 13.3M
Coca-Cola KO 61.01 61.50 60.90 61.44 12.9M
Alphabet GOOGL 447.74 466.50 446.87 465.71 12.2M
International Business Machines IBM 115.14 118.37 114.97 116.49 11.9M
Procter & Gamble PG 69.96 71.20 69.85 71.14 11.6M
ConocoPhillips COP 75.71 77.76 75.52 77.72 11.3M
Johnson & Johnson JNJ 65.00 65.92 64.51 65.87 11.2M
Chevron CVX 85.32 86.89 84.57 86.74 11.1M
Gilead Sciences GILD 51.86 53.00 51.72 52.88 10.6M
Amazon AMZN 74.93 77.09 72.76 76.70 9.73M
UnitedHealth Group UNH 34.84 36.25 34.60 36.25 8.89M
Schlumberger SLB 87.00 89.24 85.72 89.24 8.6M
Amgen AMGN 42.11 42.23 41.28 42.16 8.52M
United Technologies UTX 69.24 71.60 69.24 71.24 7.36M
Pepsico PEP 71.89 72.17 71.04 72.13 6.94M
Boeing BA 75.34 75.89 74.80 75.88 5.96M
3M MMM 79.61 81.53 79.44 81.32 4.81M
Union Pacific UNP 126.95 128.88 125.96 127.95 1.87M
Berkshire Hathaway BRK.B 4500.00 4519.00 4380.00 4440.00 36.3K
Exchange Rates of April 01, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.770 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.023 CAD 1 CAD = 0.978 USD
US Dollar Swiss Franc 1 USD = 1.012 CHF 1 CHF = 0.988 USD
US Dollar Chinese Yuan 1 USD = 7.012 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 158.980 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.790 GBP 1 GBP = 1.266 EUR
Euro Australian Dollar 1 EUR = 1.721 AUD 1 AUD = 0.581 EUR
Euro Canadian Dollar 1 EUR = 1.597 CAD 1 CAD = 0.626 EUR
Euro Swiss Franc 1 EUR = 1.580 CHF 1 CHF = 0.633 EUR
Japanese Yen Pound Sterling 1 JPY = 0.497 GBP 1 GBP = 2.013 JPY
Japanese Yen Australian Dollar 1 JPY = 1.082 AUD 1 AUD = 0.924 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.004 CAD 1 CAD = 0.996 JPY
Japanese Yen Swiss Franc 1 JPY = 0.994 CHF 1 CHF = 1.006 JPY
Pound Sterling Australian Dollar 1 GBP = 2.178 AUD 1 AUD = 0.459 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.021 CAD 1 CAD = 0.495 GBP
Pound Sterling Swiss Franc 1 GBP = 2.000 CHF 1 CHF = 0.500 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.927 CAD 1 CAD = 1.078 AUD
Australian Dollar Swiss Franc 1 AUD = 0.918 CHF 1 CHF = 1.090 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.989 CHF 1 CHF = 1.011 CAD

See what else happened on April 01, 2008