Financial news on April 7th, 2008

Business and Financial news
For One Company, Role in Medicare Experiment Has Hurt Stock

Shares of Healthways have fallen about 40 percent for the year to date since the government has begun to emit doubt about the cost-effectiveness of disease management. Read more..

By REED ABELSON - The New York Times

Low-Fare Airline Files for Bankruptcy

Skybus Airlines, a low-fare carrier that started operations less than a year ago, filed for bankruptcy after stopping service. Read more..

By BLOOMBERG NEWS - The New York Times

Medicare Finds How Hard It Is to Save Money

An ambitious experiment to save Medicare dollars is proving how difficult it can be to change the program. Read more..

By REED ABELSON - The New York Times

NBC Goes to Court to Keep ‘Runway’

NBC Universal, the parent company of Bravo network, filed a lawsuit to try to keep one of the biggest hits in cable television from moving to Lifetime this fall. Read more..

By BILL CARTER - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.5624.5823.8723.9454.6M
General ElectricGE37.8637.9037.1037.2639.5M
JPMorgan ChaseJPM46.4346.7445.0645.5424.1M
Oracle Corp.ORCL20.4520.5620.2020.2324M
Wells Fargo & Co.WFC31.4431.7730.7730.7920.1M
Wal-Mart StoresWMT54.8054.8153.9154.2318.9M
AT&T Inc.T38.9339.2438.5539.0118.7M
HP Inc.HPQ46.4546.9345.7345.9214.1M
Bristol-Myers SquibbBMY22.1422.3921.9722.0014M
Verizon CommunicationsVZ37.3737.7637.2637.4012.5M
Home DepotHD28.9329.0928.3528.5010.9M
Walt Disney & Co.DIS31.4131.7331.2131.529.73M
Procter & GamblePG70.9770.9770.1070.519.47M
Johnson & JohnsonJNJ65.7866.2465.5066.148.9M
UnitedHealth GroupUNH36.7437.0736.4936.677.08M
Gilead SciencesGILD52.3752.6051.5352.066.34M
International Business MachinesIBM116.37117.37115.82116.316.18M
Abbott LaboratoriesABT55.1355.3054.5354.875.58M
United TechnologiesUTX71.9972.5771.4871.793.92M
Union PacificUNP134.14135.00132.34133.442.52M
Berkshire HathawayBRK.B4396.004414.004330.004405.0014.8K
Exchange Rates of April 7th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 102.370 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.014 CAD1 CAD = 0.986 USD
US DollarSwiss Franc1 USD = 1.013 CHF1 CHF = 0.987 USD
US DollarChinese Yuan1 USD = 7.002 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 160.760 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.790 GBP1 GBP = 1.266 EUR
EuroAustralian Dollar1 EUR = 1.697 AUD1 AUD = 0.589 EUR
EuroCanadian Dollar1 EUR = 1.592 CAD1 CAD = 0.628 EUR
EuroSwiss Franc1 EUR = 1.591 CHF1 CHF = 0.629 EUR
Japanese YenPound Sterling1 JPY = 0.491 GBP1 GBP = 2.037 JPY
Japanese YenAustralian Dollar1 JPY = 1.055 AUD1 AUD = 0.948 JPY
Japanese YenCanadian Dollar1 JPY = 0.990 CAD1 CAD = 1.010 JPY
Japanese YenSwiss Franc1 JPY = 0.989 CHF1 CHF = 1.011 JPY
Pound SterlingAustralian Dollar1 GBP = 2.150 AUD1 AUD = 0.465 GBP
Pound SterlingCanadian Dollar1 GBP = 2.016 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 2.014 CHF1 CHF = 0.497 GBP
Australian DollarCanadian Dollar1 AUD = 0.937 CAD1 CAD = 1.067 AUD
Australian DollarSwiss Franc1 AUD = 0.937 CHF1 CHF = 1.068 AUD
Canadian DollarSwiss Franc1 CAD = 0.999 CHF1 CHF = 1.001 CAD

See what else happened on April 7th, 2008