Financial news on April 10, 2009

Business and Financial news
A Dispute in Bollywood Over Revenue

Producers of Hindi-language films are withholding their movies in hopes of getting a bigger piece of the box-office revenue. Read more..

By VIKAS BAJAJ - The New York Times

China Outlines Plans for Making Electric Cars

Subsidies to car buyers will underpin an effort to bolster the country’s competitiveness and achieve some environmental goals. Read more..

By KEITH BRADSHER - The New York Times

David Dreman, Contrarian Fund Manager, Exits Unbowed

A star mutual fund manager was fired from the fund that bears his name, and the fund will take fewer risks. Read more..

By FLOYD NORRIS - The New York Times

In Rural England, a Romanoff Tries to Restore Her Childhood Home

Princess Olga Romanoff has been renovating Provender, a stately home in Kent, England, since she inherited it in 2000. Read more..

By LIZA FOREMAN - International Herald Tribune

Jay Leno to Appear Onstage in an NBC Showcase

The network has scheduled a performance of its comedy stars for an audience of advertisers — right in the middle of upfront week. Read more..

By BILL CARTER - The New York Times

Mexico: World Bank Loan

The World Bank approved a $1.5 billion loan to Mexico to support health and education programs for poor children. Read more..

By BLOOMBERG NEWS - The New York Times

Sumitomo Mitsui Hit With $3.9 Billion Loss

The Japanese bank said it planned to raise $8 billion via a new share offer. Read more..

By BETTINA WASSENER - International Herald Tribune

Toyota Said to Weigh Reorganizing U.S. Operations

The reorganization would reportedly put sales, engineering and manufacturing operations in North America under one executive. Read more..

By MICHELINE MAYNARD - The New York Times

Uptick in Vasectomies Seen as Sign of Recession

Anecdotal evidence supports the intuition that more people might hesitate to expand their families during a downturn. Read more..

By LESLEY ALDERMAN - The New York Times

Yelp Will Let Businesses Respond to Web Reviews

The move is a big change for the site, which has until now steadfastly refused to give businesses significant access to its pages. Read more..

By CLAIRE CAIN MILLER - The New York Times

Exchange Rates of April 10, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 100.200 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.226 CAD1 CAD = 0.816 USD
US DollarSwiss Franc1 USD = 1.154 CHF1 CHF = 0.866 USD
US DollarChinese Yuan1 USD = 6.834 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.160 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.899 GBP1 GBP = 1.113 EUR
EuroAustralian Dollar1 EUR = 1.832 AUD1 AUD = 0.546 EUR
EuroCanadian Dollar1 EUR = 1.616 CAD1 CAD = 0.619 EUR
EuroSwiss Franc1 EUR = 1.522 CHF1 CHF = 0.657 EUR
EuroChinese Yuan1 EUR = 9.013 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.680 GBP1 GBP = 1.471 JPY
Japanese YenAustralian Dollar1 JPY = 1.386 AUD1 AUD = 0.722 JPY
Japanese YenCanadian Dollar1 JPY = 1.222 CAD1 CAD = 0.818 JPY
Japanese YenSwiss Franc1 JPY = 1.152 CHF1 CHF = 0.868 JPY
Pound SterlingAustralian Dollar1 GBP = 2.039 AUD1 AUD = 0.491 GBP
Pound SterlingCanadian Dollar1 GBP = 1.798 CAD1 CAD = 0.556 GBP
Pound SterlingSwiss Franc1 GBP = 1.694 CHF1 CHF = 0.590 GBP
Pound SterlingChinese Yuan1 GBP = 10.016 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.881 CAD1 CAD = 1.135 AUD
Australian DollarSwiss Franc1 AUD = 0.830 CHF1 CHF = 1.204 AUD
Australian DollarChinese Yuan1 AUD = 4.918 CNY1 CNY = 0.203 AUD
Canadian DollarSwiss Franc1 CAD = 0.941 CHF1 CHF = 1.062 CAD
Canadian DollarChinese Yuan1 CAD = 5.575 CNY1 CNY = 0.179 CAD
Swiss FrancChinese Yuan1 CHF = 5.918 CNY1 CNY = 0.169 CHF

See what else happened on April 10, 2009