Financial news on April 05, 2012

Business and Financial news
2 Underdogs Produce, but in Time?

David Pogue State of the Art column observes that Nokia and Microsoft have joined forces to make the Lumia 900 a top-of-the-line device; holds the smartphone is beautiful, fast and powerful; points out, however, that does not necessarily mean that people will flock to it. Read more..

By DAVID POGUE - The New York Times

A Rose-Colored View May Come Standard

Google provided a first look at its Internet-connected glasses, which place a small see-through display screen above a person’s eye. Read more..

By NICK BILTON - The New York Times

Business Day Live | April 5, 2012

Why markets reacted negatively to comments by the Federal Reserve; Kevin Roose lives like a billionaire for a day; and heirs to old money are plunging into technology. Read more..

Mac William Bishop, Nadia Sussman, Pedro Rosado, Erik Olsen and Matthew Orr - The New York Times

Electronic Dance Concerts Turn Up Volume, Tempting Investors

The music’s concerts and festivals now have profit margins that Wall Street is starting to notice, but determining the value of the promoting companies and the risks associated with live music events pose challenges for investors. Read more..

By BEN SISARIO - The New York Times

Engineers Convene to Seek Ways to Strengthen New York State’s Power Grid

More than 500 engineers attend conference to seek ways to strengthen New York State's power grid; state is awash in generating capacity because the recession has stunted industrial demand, but the energy infrastructure is ailing; 42 percent of the state's power plants are more than 40 years old, and 22 percent are more than 50 years old. Read more..

By MATTHEW L. WALD - The New York Times

Huffington Gains More Control in AOL Revamping

One year after its acquisition by AOL, The Huffington Post has become a source of growth with several business units now in Arianna Huffington’s hands, a move intended to add sections and products faster. Read more..

By BRIAN STELTER - The New York Times

New Balance Celebrates Its Homemade Footprint

Jane L Levere Advertising column highlights New Balance's campaign for the 30th anniversary model of its 990 running shoe. Read more..

By JANE L. LEVERE - The New York Times

Refinery Gets a Look From Delta, Perplexing Analysts

Delta Air Lines emerges as a possible buyer for a ConocoPhillips refinery in Trainer, Pa, as a means of cutting its jet fuel costs; analysts note that running an oil refinery can be even tougher than running an airline; refining industry has mostly been unprofitable in recent years, and its hardships on the East Coast are especially pronounced. Read more..

By JAD MOUAWAD - The New York Times

Spain Jolts Euro Zone Back on Alert

Spain sells 2.6 billion euros ($3.4 billion) worth of bonds, near the bottom of its targeted range, unsettling financial markets; European Central Bank cites concerns about a slowdown in the economy and a possible resurgence of the sovereign debt crisis. Read more..

By RAPHAEL MINDER and JACK EWING - The New York Times

Telecom Italia May Sell Fixed-Line Network

Telecom Italia says it might sell its fixed-line phone network as it looks to reduce its debt burden and stem losses; reports a 2011 loss of 4.7 billion euros ($6.2 billion) after writing down the value of its domestic business by 7.3 billion euros ($9.7 billion). Read more..

By KEVIN J. O'BRIEN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31.15 31.63 31.05 31.52 50.4M
Oracle Corp. ORCL 29.15 29.63 29.13 29.56 43.3M
General Electric GE 19.61 19.71 19.46 19.49 40M
Cisco Systems CSCO 20.18 20.37 20.07 20.22 30.6M
JPMorgan Chase JPM 44.13 44.73 43.81 44.34 28.8M
Apple AAPL 626.98 634.66 623.40 633.68 22.9M
Pfizer PFE 22.27 22.36 22.22 22.34 22.1M
Intel INTC 27.87 28.10 27.80 28.07 22M
AT&T Inc. T 31.09 31.16 30.75 30.94 21.5M
Wells Fargo & Co. WFC 33.78 34.02 33.63 33.73 19.6M
HP Inc. HPQ 23.15 23.37 23.08 23.11 14.7M
Merck MRK 38.76 38.91 38.59 38.88 13.9M
Abbott Laboratories ABT 61.39 61.49 61.10 61.30 12.3M
ExxonMobil XOM 84.56 85.38 84.35 84.82 12M
Verizon Communications VZ 37.91 37.92 37.52 37.66 11.7M
Comcast CMCSA 29.19 29.57 29.08 29.56 11.3M
Home Depot HD 49.69 50.67 49.56 50.62 9.56M
ConocoPhillips COP 76.06 76.35 75.25 75.36 8.34M
Gilead Sciences GILD 47.03 47.88 47.00 47.76 8.27M
General Motors GM 24.99 25.18 24.61 24.81 8.21M
Schlumberger SLB 68.54 69.40 68.28 68.42 7.97M
Johnson & Johnson JNJ 65.26 65.38 65.09 65.34 7.92M
Procter & Gamble PG 66.92 67.48 66.83 67.31 7.7M
Altria MO 31.04 31.37 30.99 31.36 7.26M
Wal-Mart Stores WMT 60.20 60.69 60.07 60.67 6.53M
Walt Disney & Co. DIS 42.84 43.18 42.68 43.08 6.34M
Bristol-Myers Squibb BMY 33.55 33.71 33.45 33.68 6M
Chevron CVX 105.17 105.90 104.33 104.75 5.98M
Coca-Cola KO 73.28 73.52 73.07 73.47 5.77M
Pepsico PEP 66.04 66.21 65.70 66.15 5.76M
McDonald's MCD 97.13 98.66 97.07 98.62 5.47M
UnitedHealth Group UNH 58.82 59.19 58.60 59.01 4.83M
Alphabet GOOGL 632.24 636.43 628.57 632.32 4.63M
Amgen AMGN 67.77 68.14 67.49 68.02 3.86M
International Business Machines IBM 205.15 205.68 204.46 205.47 3.81M
Visa V 118.32 121.15 118.07 121.01 3.35M
Amazon AMZN 193.55 196.03 193.55 194.39 3.22M
Berkshire Hathaway BRK.B 80.81 81.28 80.65 80.91 2.83M
Boeing BA 73.42 73.89 73.30 73.59 2.64M
United Technologies UTX 81.55 82.16 81.38 81.60 2.48M
Union Pacific UNP 107.85 109.32 107.56 108.65 2.26M
3M MMM 87.36 87.79 86.97 87.27 2.05M
Exchange Rates of April 05, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 82.350 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 0.993 CAD 1 CAD = 1.007 USD
US Dollar Swiss Franc 1 USD = 0.920 CHF 1 CHF = 1.087 USD
US Dollar Chinese Yuan 1 USD = 6.314 CNY 1 CNY = 0.158 USD
Euro Japanese Yen 1 EUR = 107.610 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.825 GBP 1 GBP = 1.212 EUR
Euro Australian Dollar 1 EUR = 1.267 AUD 1 AUD = 0.789 EUR
Euro Canadian Dollar 1 EUR = 1.297 CAD 1 CAD = 0.771 EUR
Euro Swiss Franc 1 EUR = 1.202 CHF 1 CHF = 0.832 EUR
Euro Chinese Yuan 1 EUR = 8.247 CNY 1 CNY = 0.121 EUR
Japanese Yen Pound Sterling 1 JPY = 0.767 GBP 1 GBP = 1.304 JPY
Japanese Yen Australian Dollar 1 JPY = 1.178 AUD 1 AUD = 0.849 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.205 CAD 1 CAD = 0.830 JPY
Japanese Yen Swiss Franc 1 JPY = 1.117 CHF 1 CHF = 0.896 JPY
Pound Sterling Australian Dollar 1 GBP = 1.535 AUD 1 AUD = 0.651 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.571 CAD 1 CAD = 0.636 GBP
Pound Sterling Swiss Franc 1 GBP = 1.455 CHF 1 CHF = 0.687 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.994 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.023 CAD 1 CAD = 0.977 AUD
Australian Dollar Swiss Franc 1 AUD = 0.947 CHF 1 CHF = 1.056 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.508 CNY 1 CNY = 0.154 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.926 CHF 1 CHF = 1.080 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.358 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.863 CNY 1 CNY = 0.146 CHF

See what else happened on April 05, 2012