Financial news on April 11, 2007
Business and Financial news
The euro advanced to a record against the yen and a two-year high against the dollar as signs of faster economic growth in Europe prompted traders to increase their bets on higher interest rates. Read more..
PPR bid about $7 billion for Puma, promising to keep its chief executive, Jochen Zeitz, at the helm of the company he turned around. Read more..
ImClone Systems said yesterday that its cancer drug Erbitux failed to help pancreatic cancer patients live longer in a study, a setback for the company’s plan to expand the market for its only product. Read more..
Martin A. Armstrong was sentenced to five years in prison and ordered to pay $80 million for running what prosecutors said was a $3 billion Ponzi scheme. Read more..
The market for retail condominiums in Manhattan has skyrocketed in recent years. More than 560,000 square feet of retail condo space sold last year, a sharp increase from 28,000 square feet in 2003. Read more..
Alcoa reported its most profitable first quarter ever as rising metal demand from China and the aerospace industry bolstered prices. Read more..
Reader responses to David Leonhardt’s column on renting versus buying a home. Read more..
Strauss Zelnick has taken on risky corporate restructurings before, but he says none have been as complex as at Take-Two Interactive Software, where he was named chairman two weeks ago. Read more..
Until last summer, a 136-year-old building had been an eyesore at the center of Portland, Me. You would never know it now. Read more..
As NBC’s “Today” prepares for its “Where in the World Is Matt Lauer?” feature, Hyundai will sponsor a Web site following the host. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.43||34.54||34.17||34.17||16.3M|
|Johnson & Johnson||JNJ||61.52||62.29||61.50||61.89||14.7M|
|Walt Disney & Co.||DIS||34.94||35.08||34.34||34.59||12M|
|Procter & Gamble||PG||63.21||63.22||62.75||63.04||9.1M|
|International Business Machines||IBM||96.46||96.70||94.95||95.16||5.94M|
Exchange Rates of April 11, 2007
|US Dollar||Japanese Yen||1 USD = 119.330 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.139 CAD||1 CAD = 0.878 USD|
|US Dollar||Swiss Franc||1 USD = 1.221 CHF||1 CHF = 0.819 USD|
|US Dollar||Chinese Yuan||1 USD = 7.727 CNY||1 CNY = 0.129 USD|
|Euro||Japanese Yen||1 EUR = 160.250 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.680 GBP||1 GBP = 1.471 EUR|
|Euro||Australian Dollar||1 EUR = 1.629 AUD||1 AUD = 0.614 EUR|
|Euro||Canadian Dollar||1 EUR = 1.530 CAD||1 CAD = 0.654 EUR|
|Euro||Swiss Franc||1 EUR = 1.639 CHF||1 CHF = 0.610 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.424 GBP||1 GBP = 2.358 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.016 AUD||1 AUD = 0.984 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.954 CAD||1 CAD = 1.048 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.023 CHF||1 CHF = 0.978 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.396 AUD||1 AUD = 0.417 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.250 CAD||1 CAD = 0.444 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.410 CHF||1 CHF = 0.415 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.939 CAD||1 CAD = 1.065 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.006 CHF||1 CHF = 0.994 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.071 CHF||1 CHF = 0.934 CAD|