Financial news on April 09, 2008

Business and Financial news
American Cancels 1,000 Flights in New Sign of Trouble

The airline is also expected to cancel 900 more flights on Thursday to make sure wiring on its fleet of 300 MD-80 jetliners was secured correctly. Read more..

By JEFF BAILEY - The New York Times

Chances of Homeowner Relief Losing Momentum in Senate

A bipartisan effort in the Senate to stabilize the housing market and offer aid to struggling homeowners began to crumble Tuesday, as the White House threatened a veto. Read more..

By DAVID M. HERSZENHORN - The New York Times

Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans

Betting that the long-frozen credit markets are starting to thaw, Apollo Management, TPG Capital and the Blackstone Group have agreed in principle to buy about $12.5 billion of loans from Citigroup. Read more..

By MICHAEL J. de la MERCED and ERIC DASH - The New York Times

Document Details Insider Trading Claims at Airbus

A report by the French stock market watchdog that was leaked to a French news service provided details of the insider trading claims against executives at Airbus and EADS. Read more..

By NICOLA CLARK - The New York Times

For French Bank Chief, Questions From Lawmakers

French legislators will question Société Générale’s leader about the state of banking regulation, and, most likely, about his bank’s recent trading scandal. Read more..

By NICOLA CLARK - The New York Times

Gazprom and Eni Plan Gas Pipeline in Libya

The ambitious deal would enable Russia to diversify its energy sources but also further increase Europe’s dependence on Gazprom, which is state-controlled. Read more..

By JUDY DEMPSEY - The New York Times

Latest Delay Puts Boeing’s Dreamliner a Year Behind

The new delivery date puts the plane, known as the Dreamliner, more than a year behind its original schedule. Read more..

By LESLIE WAYNE - The New York Times

Looming Deficit Impedes Federal Housing Agency

The Bush administration and Congressional leaders are counting on the F.H.A. to rescue thousands of struggling homeowners, but the agency has financial woes of its own. Read more..

By RACHEL L. SWARNS - The New York Times

U.S. Says It Will Increase Efforts Against ‘Tax Defiers’

If you think paying taxes is unfair, illegal or unconstitutional, then watch out — the Justice Department is after you. Read more..

By LYNNLEY BROWNING - The New York Times

William D. Eberle, Trade Representative for Nixon, Is Dead at 84

Mr. Eberle pushed Europe and Japan to lower trade barriers as President Richard M. Nixon’s chief trade negotiator in the 1970s. Read more..

By BARNABY J. FEDER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.06 21.43 20.77 21.42 63.5M
Cisco Systems CSCO 23.95 24.14 23.34 23.53 60.6M
Microsoft MSFT 28.81 29.04 28.54 28.89 45.8M
Pfizer PFE 21.00 21.08 20.72 20.89 37.4M
Oracle Corp. ORCL 19.92 20.26 19.87 20.22 31.6M
Apple AAPL 153.31 153.89 150.46 151.44 31.2M
Wells Fargo & Co. WFC 30.01 30.15 29.04 29.45 29.8M
JPMorgan Chase JPM 45.16 45.18 44.08 44.30 28.5M
ExxonMobil XOM 89.73 90.15 89.11 89.70 21.9M
AT&T Inc. T 38.72 38.96 37.74 38.19 21.3M
Altria MO 21.48 21.57 20.83 20.91 20.2M
Wal-Mart Stores WMT 54.37 54.60 53.74 54.14 19.5M
Boeing BA 76.72 79.90 76.31 78.60 19.5M
Abbott Laboratories ABT 54.25 54.34 53.52 53.87 17.8M
Verizon Communications VZ 36.75 36.92 35.72 36.02 14M
Home Depot HD 28.15 28.25 27.40 27.67 13.4M
Comcast CMCSA 20.49 20.59 19.97 20.10 13.3M
General Electric GE 36.75 36.85 36.21 36.44 12.5M
ConocoPhillips COP 79.79 80.63 79.30 79.43 12.1M
Alphabet GOOGL 469.13 472.00 457.54 464.19 12.1M
Visa V 68.35 68.72 65.61 65.79 12.1M
HP Inc. HPQ 45.93 46.23 45.26 46.09 11.9M
Schlumberger SLB 89.93 91.29 88.50 90.18 11.5M
Procter & Gamble PG 70.00 70.30 69.64 70.21 11.4M
Merck MRK 41.03 41.11 39.70 40.94 11.4M
Chevron CVX 89.51 90.53 89.43 89.95 10.7M
Walt Disney & Co. DIS 31.12 31.21 30.61 30.85 10.5M
Bristol-Myers Squibb BMY 21.76 21.90 21.40 21.51 9.7M
Johnson & Johnson JNJ 66.39 66.50 65.94 66.29 8.59M
Gilead Sciences GILD 52.18 52.37 50.63 51.03 7.86M
McDonald's MCD 55.75 56.10 55.39 55.74 7.69M
Amgen AMGN 41.69 41.90 41.26 41.59 7.39M
UnitedHealth Group UNH 37.83 38.28 37.15 37.28 7.13M
International Business Machines IBM 116.50 117.72 115.72 116.77 6.82M
Amazon AMZN 76.56 76.67 73.66 74.39 6.66M
Coca-Cola KO 60.50 60.83 60.31 60.78 6.5M
United Technologies UTX 71.70 72.02 70.30 70.81 4.34M
Pepsico PEP 71.18 71.33 70.62 70.97 4.31M
3M MMM 79.99 80.12 78.80 79.59 2.97M
Union Pacific UNP 132.67 133.29 128.36 129.87 2.43M
Berkshire Hathaway BRK.B 4420.00 4430.00 4360.00 4390.00 16.1K
Exchange Rates of April 09, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.720 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.019 CAD 1 CAD = 0.982 USD
US Dollar Swiss Franc 1 USD = 1.001 CHF 1 CHF = 0.999 USD
US Dollar Chinese Yuan 1 USD = 7.002 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 161.080 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.802 GBP 1 GBP = 1.248 EUR
Euro Australian Dollar 1 EUR = 1.703 AUD 1 AUD = 0.587 EUR
Euro Canadian Dollar 1 EUR = 1.613 CAD 1 CAD = 0.620 EUR
Euro Swiss Franc 1 EUR = 1.585 CHF 1 CHF = 0.631 EUR
Japanese Yen Pound Sterling 1 JPY = 0.497 GBP 1 GBP = 2.010 JPY
Japanese Yen Australian Dollar 1 JPY = 1.057 AUD 1 AUD = 0.946 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.001 CAD 1 CAD = 0.999 JPY
Japanese Yen Swiss Franc 1 JPY = 0.984 CHF 1 CHF = 1.016 JPY
Pound Sterling Australian Dollar 1 GBP = 2.125 AUD 1 AUD = 0.471 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.012 CAD 1 CAD = 0.497 GBP
Pound Sterling Swiss Franc 1 GBP = 1.977 CHF 1 CHF = 0.506 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.946 CAD 1 CAD = 1.057 AUD
Australian Dollar Swiss Franc 1 AUD = 0.930 CHF 1 CHF = 1.075 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.982 CHF 1 CHF = 1.018 CAD

See what else happened on April 09, 2008