Financial news on May 3rd, 2013

Business and Financial news
Big Opening for ‘Iron Man 3’ in China

Movie Iron Man 3 is reported to have taken in almost $21 million on its first day of release in China, reasserting Hollywood as country's major entertainment provider. Read more..

By MICHAEL CIEPLY - The New York Times

British Lobbying Group Condemns a Proposed European Financial Transaction Tax

London Chamber of Commerce and Industry publishes report finding that new European tax on financial transactions, known as 'Robin Hood' tax, would fall disproportionately on British firms; tax joins growing list of financial issues dividing Continent and British government. Read more..

By STEPHEN CASTLE - The New York Times

Earnings Decline 15.9% at BMW

The German automaker said heavy discounts in its core European market and technology costs curbed profits from rising car sales in the first quarter. Read more..

By REUTERS - The New York Times

G.M.’s Profit Falls 14% as It Speaks of Progress

General Motors reports first-quarter net income of $865 million, 14 percent decline from year-earlier period, citing declining profits in surging North American car market; global revenue dropped 2 percent during quarter to $36.9 billion. Read more..

By BILL VLASIC - The New York Times

Jobs Data Eases Fears of Economic Slowdown in U.S.

Despite fiscal austerity in Washington, the private sector is helping create jobs and force the overall unemployment rate in April down to its lowest level since the end of 2008. Read more..

By NELSON D. SCHWARTZ - The New York Times

Las Vegas Web Site Is Test for Legal Online Gambling

Ultimate Poker, which is owned by Las Vegas casino company Station Casinos, becomes first online, pay-to-play gambling Web site to operate in United States; 30-day trial period will be closely watched by gambling and tech industries, who see it as test in debate about legality of online gambling. Read more..

By TIMOTHY PRATT - The New York Times

Luxury District Takes Root in Kiev

The Vozdvyzhenka district, which took 10 years to build and includes 100 buildings, is completed. Read more..

By SEBASTIEN GOBERT - International Herald Tribune

Paramount Hopes New ‘Star Trek’ Is a Global Crowd-Pleaser

Paramount Pictures has invested heavily in making new film Star Trek Into Darkness a success among international moviegoers, catering casting and scripting decisions to foreign markets and rolling out robust marketing campaign; Star Trek films have historically failed to achieve success abroad. Read more..

By BROOKS BARNES - The New York Times

Rolls-Royce Aerospace Chief Resigns Unexpectedly

The departure of Mark King after just four months at the head of the company’s most prestigious division was a surprise. Read more..

By NICOLA CLARK - The New York Times

The Corporate Tax Game

Broad bipartisan support has emerged to overhaul United States' corporate tax system, but campaign will face stiff opposition from lobbyists; proponents would like to lower official rate from 35 percent and end taxation of multinational corporations abroad, but move would require elimination of lucrative loopholes that several industries see as their lifeblood. Read more..

By GRAHAM BOWLEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE22,5722,8522,5522,5745.5M
JPMorgan ChaseJPM48,6348,7046,9847,5743.3M
Cisco SystemsCSCO20,9320,9620,7620,8342M
Oracle Corp.ORCL33,9333,9533,2833,3824M
AT&T Inc.T37,8737,8837,2237,3420.2M
Gilead SciencesGILD54,5556,3554,5255,1517.1M
Wells Fargo & Co.WFC37,7437,9237,6037,7415.9M
General MotorsGM31,7432,4431,6332,1012.5M
HP Inc.HPQ20,6320,9520,5820,6310.9M
Verizon CommunicationsVZ52,9253,0552,5252,689.58M
Johnson & JohnsonJNJ85,5885,9985,4585,759.21M
Walt Disney & Co.DIS64,1864,8563,8864,809.2M
Procter & GamblePG78,1078,4677,6678,197.88M
Bristol-Myers SquibbBMY40,3540,3940,0640,206.18M
Wal-Mart StoresWMT78,9279,3478,9079,255.6M
Abbott LaboratoriesABT37,2537,2536,6136,805.36M
UnitedHealth GroupUNH59,7960,0358,8758,925.15M
Home DepotHD73,7274,4173,7273,964.95M
International Business MachinesIBM203,94205,32203,75204,514.49M
Berkshire HathawayBRK.B108,26109,20108,23108,644.45M
United TechnologiesUTX92,7393,4892,4393,113.09M
Union PacificUNP148,75151,14148,61149,432M
Exchange Rates of May 3rd, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 99,000 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,009 CAD1 CAD = 0,991 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 = 129,800 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,842 GBP1 GBP = 1,187 EUR
EuroAustralian Dollar1 EUR = 1,271 AUD1 AUD = 0,787 EUR
EuroCanadian Dollar1 EUR = 1,323 CAD1 CAD = 0,756 EUR
EuroSwiss Franc1 EUR = 1,226 CHF1 CHF = 0,815 EUR
EuroChinese Yuan1 EUR = 8,079 CNY1 CNY = 0,124 EUR
Japanese YenPound Sterling1 JPY = 0,648 GBP1 GBP = 1,542 JPY
Japanese YenAustralian Dollar1 JPY = 0,978 AUD1 AUD = 1,022 JPY
Japanese YenCanadian Dollar1 JPY = 1,018 CAD1 CAD = 0,983 JPY
Japanese YenSwiss Franc1 JPY = 0,945 CHF1 CHF = 1,059 JPY
Pound SterlingAustralian Dollar1 GBP = 1,509 AUD1 AUD = 0,663 GBP
Pound SterlingCanadian Dollar1 GBP = 1,572 CAD1 CAD = 0,636 GBP
Pound SterlingSwiss Franc1 GBP = 1,456 CHF1 CHF = 0,687 GBP
Pound SterlingChinese Yuan1 GBP = 9,591 CNY1 CNY = 0,104 GBP
Australian DollarCanadian Dollar1 AUD = 1,041 CAD1 CAD = 0,960 AUD
Australian DollarSwiss Franc1 AUD = 0,964 CHF1 CHF = 1,037 AUD
Australian DollarChinese Yuan1 AUD = 6,355 CNY1 CNY = 0,157 AUD
Canadian DollarSwiss Franc1 CAD = 0,925 CHF1 CHF = 1,081 CAD
Canadian DollarChinese Yuan1 CAD = 6,099 CNY1 CNY = 0,164 CAD
Swiss FrancChinese Yuan1 CHF = 6,585 CNY1 CNY = 0,152 CHF

See what else happened on May 3rd, 2013