Financial news on April 9th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.9524.1423.3423.5360.6M
Oracle Corp.ORCL19.9220.2619.8720.2231.6M
Wells Fargo & Co.WFC30.0130.1529.0429.4529.8M
JPMorgan ChaseJPM45.1645.1844.0844.3028.5M
AT&T Inc.T38.7238.9637.7438.1921.3M
Wal-Mart StoresWMT54.3754.6053.7454.1419.5M
Abbott LaboratoriesABT54.2554.3453.5253.8717.8M
Verizon CommunicationsVZ36.7536.9235.7236.0214M
Home DepotHD28.1528.2527.4027.6713.4M
General ElectricGE36.7536.8536.2136.4412.5M
HP Inc.HPQ45.9346.2345.2646.0911.9M
Procter & GamblePG70.0070.3069.6470.2111.4M
Walt Disney & Co.DIS31.1231.2130.6130.8510.5M
Bristol-Myers SquibbBMY21.7621.9021.4021.519.7M
Johnson & JohnsonJNJ66.3966.5065.9466.298.59M
Gilead SciencesGILD52.1852.3750.6351.037.86M
UnitedHealth GroupUNH37.8338.2837.1537.287.13M
International Business MachinesIBM116.50117.72115.72116.776.82M
United TechnologiesUTX71.7072.0270.3070.814.34M
Union PacificUNP132.67133.29128.36129.872.43M
Berkshire HathawayBRK.B4420.004430.004360.004390.0016.1K
Exchange Rates of April 9th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.720 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.019 CAD1 CAD = 0.982 USD
US DollarSwiss Franc1 USD = 1.001 CHF1 CHF = 0.999 USD
US DollarChinese Yuan1 USD = 7.002 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 161.080 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.802 GBP1 GBP = 1.248 EUR
EuroAustralian Dollar1 EUR = 1.703 AUD1 AUD = 0.587 EUR
EuroCanadian Dollar1 EUR = 1.613 CAD1 CAD = 0.620 EUR
EuroSwiss Franc1 EUR = 1.585 CHF1 CHF = 0.631 EUR
Japanese YenPound Sterling1 JPY = 0.497 GBP1 GBP = 2.010 JPY
Japanese YenAustralian Dollar1 JPY = 1.057 AUD1 AUD = 0.946 JPY
Japanese YenCanadian Dollar1 JPY = 1.001 CAD1 CAD = 0.999 JPY
Japanese YenSwiss Franc1 JPY = 0.984 CHF1 CHF = 1.016 JPY
Pound SterlingAustralian Dollar1 GBP = 2.125 AUD1 AUD = 0.471 GBP
Pound SterlingCanadian Dollar1 GBP = 2.012 CAD1 CAD = 0.497 GBP
Pound SterlingSwiss Franc1 GBP = 1.977 CHF1 CHF = 0.506 GBP
Australian DollarCanadian Dollar1 AUD = 0.946 CAD1 CAD = 1.057 AUD
Australian DollarSwiss Franc1 AUD = 0.930 CHF1 CHF = 1.075 AUD
Canadian DollarSwiss Franc1 CAD = 0.982 CHF1 CHF = 1.018 CAD

See what else happened on April 9th, 2008