Financial news on April 9th, 2012

Business and Financial news
A Ballooning Megabyte Budget

With smartphones, people are confronting the task of calculating their data usage to avoid unexpected fees. Read more..

By BRIAN X. CHEN - The New York Times

Accounts and People of Note in the Advertising Industry

John Anagnost joined XplusOne, New York, in a new post, vice president of sales for the Eastern region. He had been president at Reprise Media, part of the Interpublic Group of Companies. Read more..

By THE NEW YORK TIMES - The New York Times

AT&T Workers to Stay on Job Without Deal on a Contract

Roughly 40,000 AT&T landline employees will continue to work following expiration of their contract as talks continue; both AT&T and the Communications Workers of America say they want to avoid a strike, and will keep negotiating; at issue are job protection clauses and health care premiums and co-payments. Read more..


Bands Improvise New Ways to Live-Stream Shows

Musicians are experimenting with methods of streaming live shows on a budget, making use of emerging technologies and ways fans listen to and collect music in the digital age; groups like the Ryan Montbleau Band use apps and Web pages to get concert footage to fans as quickly as possible. Read more..

By BEN SISARIO - The New York Times

Dior Selects Raf Simons to Replace John Galliano

Following the firing of John Galliano last year, the French label Dior switches to a low-key personality. Read more..

By CATHY HORYN - The New York Times

German Courts at Epicenter of Global Patent Battles Among Tech Rivals

Microsoft's decision to move its European logistics and distribution headquarters to the Netherlands from Germany spurs debate over patent law in Germany, where it is easy to block the sale of a rival's product even before an infringement claim is played out in court; patent lawsuits in Germany among technology companies are increasing, often claiming violations of patents of globally recognized technology standards and seeking to exploit the German system for strategic advantage. Read more..

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

Measuring Up Citigroup and Bank of America

Bank of America and Citigroup have plenty in common, and when bank earnings are released in the coming weeks, investors will be watching to see exactly how they match up; both were forced to turn to the government for help in the wake of the 2008 financial crisis, and both have chief executives who have spent much of their tenure cleaning up messes they inherited; three years after being written off by Wall Street, they seem to be thriving. Read more..

By NELSON D. SCHWARTZ - The New York Times

Products Named for ‘Dirty Jobs’ Try to Clean Up

The Discovery Channel’s “Dirty Jobs” show inspires the Dirty Jobs line of cleaning products. Read more..

By STUART ELLIOTT - The New York Times

Tightening the Lid on Pain Prescriptions

Experts say that doctors, despite the dangers, often keep patients on high-strength painkillers known as opioids for years without properly checking to see if their conditions improve. Read more..

By BARRY MEIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.1019.2719.0719.2036.4M
JPMorgan ChaseJPM43.1944.2843.0743.8929.4M
Cisco SystemsCSCO19.9720.1619.8719.9626.4M
Wells Fargo & Co.WFC33.0633.7332.9833.4222.9M
Oracle Corp.ORCL29.1029.2529.0029.0121.5M
AT&T Inc.T30.6730.8530.5530.6419.2M
HP Inc.HPQ22.8923.3222.8523.1415.3M
Abbott LaboratoriesABT60.8161.3560.5260.9712.9M
Verizon CommunicationsVZ37.3637.6137.3637.4610.5M
Bristol-Myers SquibbBMY33.3533.4733.0433.049.05M
Home DepotHD49.8750.6949.8750.588.3M
General MotorsGM24.2224.4024.0324.207.24M
Procter & GamblePG66.7267.1366.7166.816.89M
Wal-Mart StoresWMT60.2260.3460.0860.136.83M
Walt Disney & Co.DIS42.1342.2741.9642.116.81M
Johnson & JohnsonJNJ64.9565.2364.8864.926.36M
Gilead SciencesGILD46.7047.4146.5746.595.97M
UnitedHealth GroupUNH58.5258.8758.0158.144.76M
Berkshire HathawayBRK.B80.1880.2679.6079.763.71M
International Business MachinesIBM204.40206.17203.37204.943.33M
United TechnologiesUTX80.8280.8279.9680.233.2M
Union PacificUNP107.34107.34106.10106.182.61M
Exchange Rates of April 9th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.530 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.997 CAD1 CAD = 1.003 USD
US DollarSwiss Franc1 USD = 0.917 CHF1 CHF = 1.091 USD
US DollarChinese Yuan1 USD = 6.309 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 106.900 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.825 GBP1 GBP = 1.213 EUR
EuroAustralian Dollar1 EUR = 1.271 AUD1 AUD = 0.787 EUR
EuroCanadian Dollar1 EUR = 1.307 CAD1 CAD = 0.765 EUR
EuroSwiss Franc1 EUR = 1.202 CHF1 CHF = 0.832 EUR
EuroChinese Yuan1 EUR = 8.268 CNY1 CNY = 0.121 EUR
Japanese YenPound Sterling1 JPY = 0.771 GBP1 GBP = 1.297 JPY
Japanese YenAustralian Dollar1 JPY = 1.189 AUD1 AUD = 0.841 JPY
Japanese YenCanadian Dollar1 JPY = 1.222 CAD1 CAD = 0.818 JPY
Japanese YenSwiss Franc1 JPY = 1.124 CHF1 CHF = 0.890 JPY
Pound SterlingAustralian Dollar1 GBP = 1.542 AUD1 AUD = 0.649 GBP
Pound SterlingCanadian Dollar1 GBP = 1.585 CAD1 CAD = 0.631 GBP
Pound SterlingSwiss Franc1 GBP = 1.457 CHF1 CHF = 0.686 GBP
Pound SterlingChinese Yuan1 GBP = 10.027 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.028 CAD1 CAD = 0.973 AUD
Australian DollarSwiss Franc1 AUD = 0.945 CHF1 CHF = 1.058 AUD
Australian DollarChinese Yuan1 AUD = 6.501 CNY1 CNY = 0.154 AUD
Canadian DollarSwiss Franc1 CAD = 0.919 CHF1 CHF = 1.088 CAD
Canadian DollarChinese Yuan1 CAD = 6.327 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.878 CNY1 CNY = 0.145 CHF

See what else happened on April 9th, 2012