Financial news on May 3rd, 2010
Business and Financial news
The mobile-video audience is tiny, but TV and film companies foresee an increasingly wireless world — and don’t want to be left out of the picture. Read more..
Richard X. Bove, the outspoken banking analyst at Rochdale Securities, said Goldman Sachs should oust its top executives because they failed to understand the politics of the financial crisis and mishandled regulators’ accusations of fraud against the firm. Read more..
In a terse statement on its Web site, China’s central bank raised mandatory reserve ratios Sunday by 50 basis points, up from its the 16.5 percent large banks had to hold until now, forcing lenders to keep more assets on hand as of May 10. Read more..
After dropping its original price range at the last minute last week, Essar Energy was successful in holding the biggest initial public offering in London since 2007, The Telegraph reported. Read more..
General Growth Properties said on Monday that it intends to stick with an investment plan led by Brookfield Asset Management as the cornerstone in its effort to emerge from bankruptcy. Read more..
Dubai World’s restructuring plan is “very fair” and could be signed by lenders in coming weeks, a senior executive at one of its major bank creditors said on Monday. Read more..
Since being sold by RAB Capital last year, Northwest Investment Management has doubled its assets to almost $680 million, Bloomberg News reported. Read more..
Today we have a veritable puzzle-fest, as we explore the kaleidoscopic work of a fascinating modern polymath, Clifford Pickover. Read more..
As Democrats close in on their goal of overhauling the nation’s financial regulations, several prominent experts say that the legislation does not even address the right problems, leaving the financial system vulnerable to another major crisis. Read more..
The newspaper’s publisher departed last week, while a former editor is reported to be a possible bidder for the paper. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.22||34.09||33.21||33.88||37.4M|
|Johnson & Johnson||JNJ||65.16||65.62||64.55||65.33||15.3M|
|Walt Disney & Co.||DIS||36.95||37.98||36.84||37.56||10.9M|
|Procter & Gamble||PG||62.42||62.84||61.84||62.68||9.76M|
|International Business Machines||IBM||129.39||130.14||128.80||129.60||4.99M|
Exchange Rates of May 3rd, 2010
|US Dollar||Japanese Yen||1 USD = 94.570 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.010 CAD||1 CAD = 0.990 USD|
|US Dollar||Swiss Franc||1 USD = 1.086 CHF||1 CHF = 0.921 USD|
|US Dollar||Chinese Yuan||1 USD = 6.826 CNY||1 CNY = 0.147 USD|
|Euro||Japanese Yen||1 EUR = 124.720 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.865 GBP||1 GBP = 1.156 EUR|
|Euro||Australian Dollar||1 EUR = 1.424 AUD||1 AUD = 0.702 EUR|
|Euro||Canadian Dollar||1 EUR = 1.332 CAD||1 CAD = 0.751 EUR|
|Euro||Swiss Franc||1 EUR = 1.432 CHF||1 CHF = 0.698 EUR|
|Euro||Chinese Yuan||1 EUR = 9.007 CNY||1 CNY = 0.111 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.694 GBP||1 GBP = 1.442 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.140 AUD||1 AUD = 0.877 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.068 CAD||1 CAD = 0.937 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.148 CHF||1 CHF = 0.871 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.644 AUD||1 AUD = 0.608 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.539 CAD||1 CAD = 0.650 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.655 CHF||1 CHF = 0.604 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.396 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.936 CAD||1 CAD = 1.069 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.006 CHF||1 CHF = 0.994 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.323 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.075 CHF||1 CHF = 0.930 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.755 CNY||1 CNY = 0.148 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.287 CNY||1 CNY = 0.159 CHF|