Financial news on May 2nd, 2013

Business and Financial news
A Camera Takes On the Phones

David Pogue State of the Art column notes Canon N camera is response to proliferation of cell phone cameras; says it offers features that a smartphone cannot match while it imitates connectivity and workings that are not often found in traditional point-and-shoots. Read more..

By DAVID POGUE - The New York Times

A Score or More of Languages in Your Pocket

Toolkit column notes translation apps are much improved from earlier versions, as more people use them and apps become more accurate; offerings include Google Translate, Jibbigo, Vocre and ITranslate. Read more..

By KATE MURPHY - The New York Times

China Data Confirm Slowdown in Factories

Official index shows growth in mainland Chinese manufacturing sector unexpectedly slowed in April as new export orders fell; data raises fresh doubts on strength of economy after disappointing first quarter; purchasing managers' index fell to 50.6 in April from an 11-month high in March of 50.9. Read more..

By REUTERS - The New York Times

Europe Hopes Interest Rate Cuts Help

The Times’s Nelson D. Schwartz on whether lowering interest rates can have sustained effects on slumping markets. Read more..

Ben Werschkul, Channon Hodge, Pedro Rafael Rosado, Alyssa Kim and David Gillen - The New York Times

G.M. and Mountain Dew Drop Ads After Criticism

General Motors and Mountain Dew both withdraw advertisements after receiving criticism that ads were racially offensive; General Motors ad included a song with lyrics that crudely referred to the Chinese and Mountain Dew’s ad involved a battered woman and a lineup with African-American men. Read more..

By TANZINA VEGA - The New York Times

Higher Cable Bills Help Comcast Increase Profit by 17%

Comcast reports a 17.4 percent increase in net income, to $1.44 billion, in the three months that ended March 31; solid earnings are partly the result of higher cable bills for 72 percent of Comcast's subscribers; company reports $3.07 billion in operating income and $15.3 billion in revenue, increases of 11.2 percent and 2.9 percent from the same quarter a year earlier. Read more..

By AMY CHOZICK - The New York Times

Low-Cost Indonesian Airlines Keep Growing, Despite Troubling Record

The recent crash of a Lion Air flight off Bali last month came as the carrier ordered 234 planes for $24 billion, its second major expansion deal in three years. Read more..

By JOE COCHRANE - International Herald Tribune

Obama Nominates Congressman to Lead Mortgage Agency

President Obama named Representative Melvin L. Watt, Democrat of North Carolina, as the overseer of Fannie Mae and Freddie Mac. Read more..

By ANNIE LOWREY - The New York Times

Web Content Creators Focus on Spanish Speakers

Stuart Elliott Advertising column on creators of online video content, like CBS Interactive and Univision Communications, that are following lead of television industry, seeking money from Madison Avenue in their effort to reach Spanish-speaking consumers. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20,4720,7520,4420,7354.9M
General ElectricGE22,2522,3222,1522,3227.7M
Oracle Corp.ORCL33,1133,7832,9833,6923M
General MotorsGM31,3131,8231,0531,1619.1M
Gilead SciencesGILD52,7553,2151,9552,1816.6M
AT&T Inc.T37,6237,8437,4137,5616.4M
JPMorgan ChaseJPM48,2548,2547,7148,0815.5M
Wells Fargo & Co.WFC37,5137,6537,3837,4113.2M
Verizon CommunicationsVZ52,4952,8252,1452,5312.9M
HP Inc.HPQ20,4320,6220,3020,459.39M
Johnson & JohnsonJNJ84,4485,2184,1785,168.67M
Bristol-Myers SquibbBMY39,8440,0339,6740,018.24M
Procter & GamblePG77,3978,2877,1477,767.29M
UnitedHealth GroupUNH59,7160,3859,3959,486.07M
Walt Disney & Co.DIS63,4063,9363,1163,885.25M
Wal-Mart StoresWMT77,9178,4977,8078,464.52M
Abbott LaboratoriesABT36,9537,1536,8337,064.2M
International Business MachinesIBM200,12202,43199,75202,393.95M
Home DepotHD72,7773,4872,5373,333.72M
United TechnologiesUTX91,2992,1991,2991,752.72M
Berkshire HathawayBRK.B106,49107,33106,24107,302.57M
Union PacificUNP145,89147,85145,86147,171.51M
Exchange Rates of May 2nd, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97,920 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,011 CAD1 CAD = 0,990 USD
US DollarSwiss Franc1 USD = 0,935 CHF1 CHF = 1,070 USD
US DollarChinese Yuan1 USD = 6,156 CNY1 CNY = 0,162 USD
EuroJapanese Yen1 EUR = 127,900 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,841 GBP1 GBP = 1,189 EUR
EuroAustralian Dollar1 EUR = 1,275 AUD1 AUD = 0,785 EUR
EuroCanadian Dollar1 EUR = 1,320 CAD1 CAD = 0,758 EUR
EuroSwiss Franc1 EUR = 1,221 CHF1 CHF = 0,819 EUR
EuroChinese Yuan1 EUR = 8,045 CNY1 CNY = 0,124 EUR
Japanese YenPound Sterling1 JPY = 0,657 GBP1 GBP = 1,522 JPY
Japanese YenAustralian Dollar1 JPY = 0,996 AUD1 AUD = 1,004 JPY
Japanese YenCanadian Dollar1 JPY = 1,032 CAD1 CAD = 0,969 JPY
Japanese YenSwiss Franc1 JPY = 0,955 CHF1 CHF = 1,047 JPY
Pound SterlingAustralian Dollar1 GBP = 1,516 AUD1 AUD = 0,660 GBP
Pound SterlingCanadian Dollar1 GBP = 1,569 CAD1 CAD = 0,637 GBP
Pound SterlingSwiss Franc1 GBP = 1,452 CHF1 CHF = 0,689 GBP
Pound SterlingChinese Yuan1 GBP = 9,566 CNY1 CNY = 0,105 GBP
Australian DollarCanadian Dollar1 AUD = 1,036 CAD1 CAD = 0,966 AUD
Australian DollarSwiss Franc1 AUD = 0,958 CHF1 CHF = 1,044 AUD
Australian DollarChinese Yuan1 AUD = 6,313 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 0,925 CHF1 CHF = 1,081 CAD
Canadian DollarChinese Yuan1 CAD = 6,096 CNY1 CNY = 0,164 CAD
Swiss FrancChinese Yuan1 CHF = 6,586 CNY1 CNY = 0,152 CHF

See what else happened on May 2nd, 2013