Financial news on May 03, 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

Stock Ticker symbol Open High Low Close Volume
Facebook FB 29.04 29.07 28.15 28.31 58.5M
Microsoft MSFT 33.23 33.52 33.08 33.49 46.8M
General Electric GE 22.57 22.85 22.55 22.57 45.5M
Pfizer PFE 29.53 29.63 28.70 28.96 43.8M
JPMorgan Chase JPM 48.63 48.70 46.98 47.57 43.3M
Cisco Systems CSCO 20.93 20.96 20.76 20.83 42M
Intel INTC 24.22 24.22 23.95 23.96 30.1M
Oracle Corp. ORCL 33.93 33.95 33.28 33.38 24M
AT&T Inc. T 37.87 37.88 37.22 37.34 20.2M
Gilead Sciences GILD 54.55 56.35 54.52 55.15 17.1M
Wells Fargo & Co. WFC 37.74 37.92 37.60 37.74 15.9M
ExxonMobil XOM 89.00 90.19 88.92 90.02 13M
Apple AAPL 451.31 453.23 449.15 449.98 12.9M
Merck MRK 46.25 46.38 45.46 45.67 12.9M
General Motors GM 31.74 32.44 31.63 32.10 12.5M
Coca-Cola KO 42.17 42.42 41.96 42.24 11.8M
HP Inc. HPQ 20.63 20.95 20.58 20.63 10.9M
Verizon Communications VZ 52.92 53.05 52.52 52.68 9.58M
Johnson & Johnson JNJ 85.58 85.99 85.45 85.75 9.21M
Walt Disney & Co. DIS 64.18 64.85 63.88 64.80 9.2M
Procter & Gamble PG 78.10 78.46 77.66 78.19 7.88M
Comcast CMCSA 42.14 42.75 42.14 42.54 7.77M
Altria MO 36.84 36.85 36.47 36.51 7.52M
Schlumberger SLB 75.04 76.40 75.01 75.72 6.58M
ConocoPhillips COP 61.41 61.97 61.25 61.92 6.46M
Chevron CVX 122.69 123.91 122.46 123.49 6.38M
Bristol-Myers Squibb BMY 40.35 40.39 40.06 40.20 6.18M
Wal-Mart Stores WMT 78.92 79.34 78.90 79.25 5.6M
Abbott Laboratories ABT 37.25 37.25 36.61 36.80 5.36M
UnitedHealth Group UNH 59.79 60.03 58.87 58.92 5.15M
Alphabet GOOGL 836.96 846.80 836.00 845.72 5.02M
Home Depot HD 73.72 74.41 73.72 73.96 4.95M
Pepsico PEP 82.96 83.25 82.46 82.83 4.78M
Boeing BA 92.85 93.95 92.67 93.74 4.7M
International Business Machines IBM 203.94 205.32 203.75 204.51 4.49M
Berkshire Hathaway BRK.B 108.26 109.20 108.23 108.64 4.45M
McDonald's MCD 102.92 103.34 102.55 102.92 4.11M
Visa V 176.96 180.84 176.43 179.54 3.76M
Amazon AMZN 256.14 259.25 254.70 258.05 3.51M
United Technologies UTX 92.73 93.48 92.43 93.11 3.09M
3M MMM 106.96 108.60 106.85 107.83 3.01M
Amgen AMGN 106.70 107.58 106.14 106.48 2.62M
Union Pacific UNP 148.75 151.14 148.61 149.43 2M
Exchange Rates of May 03, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 99.000 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.009 CAD 1 CAD = 0.991 USD
US Dollar Swiss Franc 1 USD = 0.935 CHF 1 CHF = 1.070 USD
US Dollar Chinese Yuan 1 USD = 6.156 CNY 1 CNY = 0.162 USD
Euro Japanese Yen 1 EUR = 129.800 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.842 GBP 1 GBP = 1.187 EUR
Euro Australian Dollar 1 EUR = 1.271 AUD 1 AUD = 0.787 EUR
Euro Canadian Dollar 1 EUR = 1.323 CAD 1 CAD = 0.756 EUR
Euro Swiss Franc 1 EUR = 1.226 CHF 1 CHF = 0.815 EUR
Euro Chinese Yuan 1 EUR = 8.079 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.648 GBP 1 GBP = 1.542 JPY
Japanese Yen Australian Dollar 1 JPY = 0.978 AUD 1 AUD = 1.022 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.018 CAD 1 CAD = 0.983 JPY
Japanese Yen Swiss Franc 1 JPY = 0.945 CHF 1 CHF = 1.059 JPY
Pound Sterling Australian Dollar 1 GBP = 1.509 AUD 1 AUD = 0.663 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.572 CAD 1 CAD = 0.636 GBP
Pound Sterling Swiss Franc 1 GBP = 1.456 CHF 1 CHF = 0.687 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.591 CNY 1 CNY = 0.104 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.041 CAD 1 CAD = 0.960 AUD
Australian Dollar Swiss Franc 1 AUD = 0.964 CHF 1 CHF = 1.037 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.355 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.925 CHF 1 CHF = 1.081 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.099 CNY 1 CNY = 0.164 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.585 CNY 1 CNY = 0.152 CHF

See what else happened on May 03, 2013