Financial news on May 04, 2010

Business and Financial news
Cowdery Secures Backing for a Prudential Deal

Clive Cowdery’s Resolution has secured bank backing to the tune of billions of dollars in order to finance a potential bid for the U.K. assets of Prudential, The Telegraph reported. Read more..

By DEALBOOK - The New York Times

Fed Transcripts Stoke Debate on Rates

Fed chairman Ben Bernanke has argued that lax regulation, not short-term rates, was behind the bubble. The transcripts show the Fed’s thinking as housing prices rose. Read more..

By SEWELL CHAN - The New York Times

Google Puts Millions in Wind Farms

In a blog post, Google said it had invested $38.8 million in two North Dakota wind farms, part of a larger push by its expanding venture capital unit. Read more..

By DEALBOOK - The New York Times

Growing Budget Deficit Haunts Hungary

Hungary suffered badly in the economic downturn and has struggled with its debt, two years after a $20 billion loan to avoid default. Read more..

By JUDY DEMPSEY - The New York Times

In Greek Crisis, a Window on German Psyche

An instinctive frugality shaped Germany’s response to the Greek crisis, a trait that separates the nation from most of its European neighbors. Read more..

By DEALBOOK - The New York Times

Japan's Tethers on Privileged Business Fliers

Limited airport access, high landing fees and cumbersome regulations have kept the nation's private aviation industry surprisingly underdeveloped. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Proactiv Commercial With Katy Perry

A 60-second spot is part of a new campaign advertising the skin care line Proactiv like a mainstream brand. Read more..

Amedeo Tumolillo - The New York Times

Trying to Move Up From a Fast-Talking, Buy-Now Approach

A new campaign advertises the skin care line Proactiv like a mainstream brand, not one that might be shown as a direct-response spot or infomercial. Read more..

By STUART ELLIOTT - The New York Times

Who Gets Hedge Fund Vote in British Elections?

The British hedge fund industry only seems to trust the Conservatives, The Guardian reported, if you go by campaign donations. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 17.15 17.39 17.06 17.08 121M
General Electric GE 19.06 19.07 18.35 18.58 94.1M
Intel INTC 22.93 22.95 22.40 22.56 90.7M
Microsoft MSFT 30.52 30.55 29.75 30.13 82.1M
Wells Fargo & Co. WFC 33.41 33.97 32.72 32.89 53.8M
Cisco Systems CSCO 27.24 27.25 26.40 26.56 52.3M
JPMorgan Chase JPM 42.97 43.36 42.25 42.47 49M
Oracle Corp. ORCL 25.58 25.67 24.71 24.97 48.4M
Verizon Communications VZ 29.14 29.16 28.53 28.75 36.8M
Merck MRK 35.60 36.36 35.60 35.81 32.4M
ExxonMobil XOM 67.15 67.26 66.00 66.47 31.6M
AT&T Inc. T 26.32 26.43 25.75 25.90 31.4M
Apple AAPL 262.89 263.29 256.75 258.68 25.9M
Home Depot HD 35.56 35.59 34.79 35.42 25.5M
Comcast CMCSA 20.27 20.27 19.56 19.87 24.1M
Abbott Laboratories ABT 50.66 50.86 49.72 50.19 21.7M
Gilead Sciences GILD 39.36 39.51 38.42 38.53 20.9M
HP Inc. HPQ 52.20 52.25 50.30 50.64 20M
ConocoPhillips COP 59.07 59.11 57.23 58.01 19.2M
Wal-Mart Stores WMT 53.59 54.57 53.55 54.02 18.7M
Bristol-Myers Squibb BMY 25.10 25.70 25.02 25.27 16.8M
Altria MO 21.29 21.40 21.20 21.26 16.7M
Chevron CVX 82.01 82.24 79.63 80.76 16.3M
Johnson & Johnson JNJ 65.07 65.28 64.41 64.70 14.9M
Schlumberger SLB 69.55 70.56 68.51 68.95 14.2M
Walt Disney & Co. DIS 37.29 37.30 36.32 36.59 13.2M
Amazon AMZN 135.62 135.81 128.38 129.83 12.7M
Alphabet GOOGL 526.52 526.74 504.21 506.37 12.1M
UnitedHealth Group UNH 30.01 30.05 29.28 29.49 11.7M
Coca-Cola KO 53.39 53.80 53.05 53.18 11.6M
Procter & Gamble PG 62.30 62.53 61.56 61.71 11.4M
Pepsico PEP 65.30 65.98 65.05 65.43 8.38M
International Business Machines IBM 128.89 128.93 126.58 128.12 8.28M
Amgen AMGN 57.11 57.23 55.91 56.83 7.69M
Visa V 89.34 90.95 88.12 88.37 7.66M
McDonald's MCD 71.15 71.30 70.30 70.64 7.24M
Boeing BA 74.39 74.39 74.39 74.39 6.23M
3M MMM 89.22 89.22 87.01 87.68 5.46M
United Technologies UTX 75.61 75.61 73.45 74.16 5.43M
Berkshire Hathaway BRK.B 78.05 78.05 76.29 76.61 4.66M
Union Pacific UNP 76.44 76.44 74.33 75.06 3.28M
Exchange Rates of May 04, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.670 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.025 CAD 1 CAD = 0.976 USD
US Dollar Swiss Franc 1 USD = 1.104 CHF 1 CHF = 0.906 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 122.800 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.857 GBP 1 GBP = 1.167 EUR
Euro Australian Dollar 1 EUR = 1.427 AUD 1 AUD = 0.701 EUR
Euro Canadian Dollar 1 EUR = 1.329 CAD 1 CAD = 0.752 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 8.851 CNY 1 CNY = 0.113 EUR
Japanese Yen Pound Sterling 1 JPY = 0.697 GBP 1 GBP = 1.434 JPY
Japanese Yen Australian Dollar 1 JPY = 1.161 AUD 1 AUD = 0.861 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.082 CAD 1 CAD = 0.924 JPY
Japanese Yen Swiss Franc 1 JPY = 1.166 CHF 1 CHF = 0.858 JPY
Pound Sterling Australian Dollar 1 GBP = 1.665 AUD 1 AUD = 0.601 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.551 CAD 1 CAD = 0.645 GBP
Pound Sterling Swiss Franc 1 GBP = 1.671 CHF 1 CHF = 0.598 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.314 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.931 CAD 1 CAD = 1.074 AUD
Australian Dollar Swiss Franc 1 AUD = 1.003 CHF 1 CHF = 0.997 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.200 CNY 1 CNY = 0.161 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.077 CHF 1 CHF = 0.928 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.659 CNY 1 CNY = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.177 CNY 1 CNY = 0.162 CHF

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