Financial news on April 11, 2008

Business and Financial news
Britain Cuts a Key Rate, but European Bank Holds Fast

The European bank said that the economy of the euro zone remained resilient despite months of financial market volatility in the U.S. that now appears to be creeping into Britain. Read more..

By CARTER DOUGHERTY - The New York Times

Court Faults Britain for Halting Arms Deal Inquiry

The British High Court ruled that prosecutors investigating accusations of corruption in a BAE arms deal with Saudi Arabia acted unlawfully when they dropped the inquiry. Read more..

By JULIA WERDIGIER and ALAN COWELL - The New York Times

Market Drops After a Week of Bad News

First-quarter profit fell 5.8 percent at General Electric, which is seen as one of the most reliable earners. The Dow Jones industrial average lost more than 250 points. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

MySpace Signs Deal to Aim Its Content for Overseas TV

MySpace has signed a deal with a British-based production firm, ShineReveille International. Read more..

By BRIAN STELTER - The New York Times

Priests Are Driving Force Behind Samsung Inquiry

Since October, the country’s priests, quoting the Bible, have urged South Koreans to join in their effort to fight presumed corruption at Samsung. Read more..

By CHOE SANG-HUN - The New York Times

Saab Builds Its Future Around Its Fighter

The Gripen, a multi-role combat aircraft, has become Saab’s flagship, with recent deals in Thailand, the Czech Republic, Hungary and South Africa. Read more..

By MATTHEW SALTMARSH - The New York Times

Southwest Planes Had Cracks an Inspection Might Have Found

The testimony, by the associate administrator for safety of the F.A.A., was the most explicit statement so far that the epidemic of aircraft groundings had genuine safety roots. Read more..

By MATTHEW L. WALD - The New York Times

Surprising Growth in the Trade Deficit

The gap between what Americans import and export unexpectedly widened in February as domestic demand rose for automobiles and fell back for crude oil. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

The Face of a Prophet

George Soros has always been a controversial figure. But he is becoming more so with a new, dire forecast for the world economy. Read more..

By LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 32,50 33,01 31,81 32,05 366M
Intel INTC 21,81 21,91 21,11 21,24 66.9M
Microsoft MSFT 28,87 29,01 28,21 28,28 54.4M
Cisco Systems CSCO 23,65 23,78 23,35 23,38 49.7M
Wells Fargo & Co. WFC 28,24 28,84 27,90 27,97 44.2M
Apple AAPL 152,72 153,30 146,40 147,14 43.2M
JPMorgan Chase JPM 43,35 43,90 42,43 42,53 42M
Pfizer PFE 20,86 20,90 20,44 20,45 30.2M
Oracle Corp. ORCL 20,09 20,14 19,81 19,84 29M
Wal-Mart Stores WMT 54,25 55,14 54,13 54,80 23.5M
Altria MO 21,28 21,82 21,00 21,37 21.8M
AT&T Inc. T 37,82 38,15 37,21 37,30 18.3M
ExxonMobil XOM 88,90 89,75 88,49 88,62 17.9M
Comcast CMCSA 19,98 20,05 19,62 19,65 17.6M
Walt Disney & Co. DIS 31,04 31,49 30,15 30,18 15.5M
Abbott Laboratories ABT 53,81 53,81 52,80 52,80 14M
Merck MRK 41,50 41,85 41,00 41,14 14M
Verizon Communications VZ 35,35 36,08 35,35 35,59 13.3M
Home Depot HD 27,99 28,67 27,99 28,17 12.7M
Procter & Gamble PG 70,02 70,47 69,75 70,00 11.9M
HP Inc. HPQ 46,27 46,35 45,35 45,47 10.3M
International Business Machines IBM 117,33 117,80 115,51 116,00 9.56M
Johnson & Johnson JNJ 66,59 66,75 65,94 66,00 9.23M
Alphabet GOOGL 464,07 467,26 455,01 457,45 8.33M
ConocoPhillips COP 79,18 79,58 78,54 78,59 8.23M
Bristol-Myers Squibb BMY 21,86 22,03 21,65 21,70 8.1M
United Technologies UTX 70,69 70,99 69,35 69,53 7.8M
Coca-Cola KO 61,02 61,50 60,09 60,29 7.78M
Gilead Sciences GILD 52,09 52,23 50,46 50,64 7.61M
Amgen AMGN 43,84 43,90 42,85 43,01 7.5M
Chevron CVX 89,03 89,77 88,61 88,80 7.44M
Schlumberger SLB 91,87 92,80 90,50 90,61 7.16M
UnitedHealth Group UNH 36,50 37,00 35,73 35,87 7.06M
Amazon AMZN 73,84 74,30 71,62 71,99 6.79M
Visa V 65,25 66,77 65,25 66,11 6.61M
3M MMM 78,95 79,08 78,13 78,47 5.61M
Boeing BA 77,65 78,41 76,72 76,86 5.43M
McDonald's MCD 55,41 55,85 55,14 55,40 5.33M
Pepsico PEP 71,65 71,83 71,11 71,40 4.3M
Union Pacific UNP 128,96 131,26 128,32 130,21 1.8M
Berkshire Hathaway BRK.B 4365,00 4389,00 4301,00 4354,00 14.8K
Exchange Rates of April 11, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 100,970 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 1,023 CAD 1 CAD = 0,978 USD
US Dollar Swiss Franc 1 USD = 1,001 CHF 1 CHF = 0,999 USD
US Dollar Chinese Yuan 1 USD = 6,991 CNY 1 CNY = 0,143 USD
Euro Japanese Yen 1 EUR = 159,620 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,802 GBP 1 GBP = 1,247 EUR
Euro Australian Dollar 1 EUR = 1,703 AUD 1 AUD = 0,587 EUR
Euro Canadian Dollar 1 EUR = 1,618 CAD 1 CAD = 0,618 EUR
Euro Swiss Franc 1 EUR = 1,583 CHF 1 CHF = 0,632 EUR
Japanese Yen Pound Sterling 1 JPY = 0,502 GBP 1 GBP = 1,991 JPY
Japanese Yen Australian Dollar 1 JPY = 1,067 AUD 1 AUD = 0,938 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,013 CAD 1 CAD = 0,987 JPY
Japanese Yen Swiss Franc 1 JPY = 0,991 CHF 1 CHF = 1,009 JPY
Pound Sterling Australian Dollar 1 GBP = 2,124 AUD 1 AUD = 0,471 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,016 CAD 1 CAD = 0,496 GBP
Pound Sterling Swiss Franc 1 GBP = 1,972 CHF 1 CHF = 0,507 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,949 CAD 1 CAD = 1,054 AUD
Australian Dollar Swiss Franc 1 AUD = 0,928 CHF 1 CHF = 1,077 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,978 CHF 1 CHF = 1,023 CAD

See what else happened on April 11, 2008