Financial news on April 2nd, 2012

Business and Financial news
2 Channels, and Anchor Who Set Liberal Tone

News analysis; Keith Olbermann established himself as Current TV's star anchor, as he did at MSNBC, opening the door to a more overt liberal political ideology in its news programs; Current, which may face a lawsuit from Olbermann after his March 30 firing, faces a long slog with low ratings, while MSNBC has become better known for having progressive-oriented shows. Read more..

By BRIAN STELTER - The New York Times

Apple’s Chief Puts Stamp on Labor Issues

Since Timothy D. Cook became chief executive last summer, Apple has taken a number of significant steps to address concerns about how its products are made. Read more..

By NICK WINGFIELD - The New York Times

As Smartphones Become Health Aids, Ads May Follow

Young adults are much more likely than older people to have a smartphone and to use it to look for health information, a trend being noticed by advertisers; led by auto companies and packaged goods makers, they spent $3 billion online in 2011, including $818 million for mobile ads, more than for print or radio. Read more..

By MILT FREUDENHEIM - The New York Times

Investors Are Looking to Buy Homes by the Thousands

With house prices still down, some large investors are creating huge portfolios by buying thousands of homes at deep discounts and then renting them out. Read more..

By MOTOKO RICH - The New York Times

Magazine Guidelines for Tablets

Association of Magazine Media is set to announce a set of voluntary guidelines covering how magazines measure their tablet editions, vocabulary used in those definitions and time frames for when reader data will be released. Read more..

By TANZINA VEGA - The New York Times

Rebellious Tinkerers Dress Up the iPhone’s Uniform

Apple’s latest iPhones are available only in black or white, but some owners are replacing the front and back panels with colorful and unauthorized alternatives; Apple does not condone modifications and may refuse to service or repair a phone if it has been tampered with but those who do so say the trouble is worth it. Read more..

By JENNA WORTHAM - The New York Times

Stars of Hollywood and Madison Avenue

Stuart Elliott Advertising column presents highlights, lowlights and sidelights of the annual Transformation conference of the Four A's (formerly the American Association of Advertising Agencies). Read more..

By STUART ELLIOTT - The New York Times

Talk Radio Face-Off Approaches

Cumulus Media is giving radio stations new alternatives to Clear Channel, like a show from former Arkansas governor Mike Huckabee, making for a turbulent time in the radio business; Clear Channel, radio giant that distributes Rush Limbaugh's show at the same time of day, says it is paying close attention to Cumulus, as are the radio hosts who reach millions of listeners a day and the executives who sell shows. Read more..

By BRIAN STELTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE20.0320.1119.9020.0244.2M
Cisco SystemsCSCO21.1421.3021.0521.1930.7M
Oracle Corp.ORCL29.1229.6829.0029.5328.5M
JPMorgan ChaseJPM45.7546.3545.4646.1327.7M
Wells Fargo & Co.WFC33.8334.5933.8034.5124.6M
AT&T Inc.T31.2831.5931.2731.4521.7M
Abbott LaboratoriesABT61.1461.3061.0461.2417M
General MotorsGM26.0326.9125.9826.7614.5M
HP Inc.HPQ23.8823.9923.6923.8813.9M
Verizon CommunicationsVZ38.2938.6138.2138.5213.3M
UnitedHealth GroupUNH58.9459.2758.1159.129.11M
Johnson & JohnsonJNJ66.0466.3065.8266.218.79M
Procter & GamblePG67.4367.9267.4067.568.6M
Home DepotHD50.1050.2549.7649.998.44M
Bristol-Myers SquibbBMY33.6533.9333.6333.898.39M
Walt Disney & Co.DIS43.5944.0043.3243.847.65M
Gilead SciencesGILD48.7148.8147.8348.787.01M
Wal-Mart StoresWMT61.0861.4960.9761.366.47M
Berkshire HathawayBRK.B81.1582.0381.0081.843.84M
International Business MachinesIBM208.96209.69208.09209.473.39M
United TechnologiesUTX82.5083.5781.9182.733.34M
Union PacificUNP107.33110.06107.04109.603.22M
Exchange Rates of April 2nd, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 82.080 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.991 CAD1 CAD = 1.010 USD
US DollarSwiss Franc1 USD = 0.904 CHF1 CHF = 1.106 USD
US DollarChinese Yuan1 USD = 6.298 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 109.310 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.831 GBP1 GBP = 1.203 EUR
EuroAustralian Dollar1 EUR = 1.279 AUD1 AUD = 0.782 EUR
EuroCanadian Dollar1 EUR = 1.319 CAD1 CAD = 0.758 EUR
EuroSwiss Franc1 EUR = 1.204 CHF1 CHF = 0.831 EUR
EuroChinese Yuan1 EUR = 8.377 CNY1 CNY = 0.119 EUR
Japanese YenPound Sterling1 JPY = 0.760 GBP1 GBP = 1.316 JPY
Japanese YenAustralian Dollar1 JPY = 1.169 AUD1 AUD = 0.855 JPY
Japanese YenCanadian Dollar1 JPY = 1.206 CAD1 CAD = 0.829 JPY
Japanese YenSwiss Franc1 JPY = 1.101 CHF1 CHF = 0.908 JPY
Pound SterlingAustralian Dollar1 GBP = 1.539 AUD1 AUD = 0.650 GBP
Pound SterlingCanadian Dollar1 GBP = 1.587 CAD1 CAD = 0.630 GBP
Pound SterlingSwiss Franc1 GBP = 1.448 CHF1 CHF = 0.691 GBP
Pound SterlingChinese Yuan1 GBP = 10.077 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 1.031 CAD1 CAD = 0.970 AUD
Australian DollarSwiss Franc1 AUD = 0.941 CHF1 CHF = 1.063 AUD
Australian DollarChinese Yuan1 AUD = 6.558 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.912 CHF1 CHF = 1.096 CAD
Canadian DollarChinese Yuan1 CAD = 6.356 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.958 CNY1 CNY = 0.144 CHF

See what else happened on April 2nd, 2012