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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE32.5033.0131.8132.05366M
IntelINTC21.8121.9121.1121.2466.9M
MicrosoftMSFT28.8729.0128.2128.2854.4M
Cisco SystemsCSCO23.6523.7823.3523.3849.7M
Wells Fargo & Co.WFC28.2428.8427.9027.9744.2M
AppleAAPL152.72153.30146.40147.1443.2M
JPMorgan ChaseJPM43.3543.9042.4342.5342M
PfizerPFE20.8620.9020.4420.4530.2M
Oracle Corp.ORCL20.0920.1419.8119.8429M
Wal-Mart StoresWMT54.2555.1454.1354.8023.5M
AltriaMO21.2821.8221.0021.3721.8M
AT&T Inc.T37.8238.1537.2137.3018.3M
ExxonMobilXOM88.9089.7588.4988.6217.9M
ComcastCMCSA19.9820.0519.6219.6517.6M
Walt Disney & Co.DIS31.0431.4930.1530.1815.5M
Abbott LaboratoriesABT53.8153.8152.8052.8014M
MerckMRK41.5041.8541.0041.1414M
Verizon CommunicationsVZ35.3536.0835.3535.5913.3M
Home DepotHD27.9928.6727.9928.1712.7M
Procter & GamblePG70.0270.4769.7570.0011.9M
HP Inc.HPQ46.2746.3545.3545.4710.3M
International Business MachinesIBM117.33117.80115.51116.009.56M
Johnson & JohnsonJNJ66.5966.7565.9466.009.23M
AlphabetGOOGL464.07467.26455.01457.458.33M
ConocoPhillipsCOP79.1879.5878.5478.598.23M
Bristol-Myers SquibbBMY21.8622.0321.6521.708.1M
United TechnologiesUTX70.6970.9969.3569.537.8M
Coca-ColaKO61.0261.5060.0960.297.78M
Gilead SciencesGILD52.0952.2350.4650.647.61M
AmgenAMGN43.8443.9042.8543.017.5M
ChevronCVX89.0389.7788.6188.807.44M
SchlumbergerSLB91.8792.8090.5090.617.16M
UnitedHealth GroupUNH36.5037.0035.7335.877.06M
AmazonAMZN73.8474.3071.6271.996.79M
VisaV65.2566.7765.2566.116.61M
3MMMM78.9579.0878.1378.475.61M
BoeingBA77.6578.4176.7276.865.43M
McDonald'sMCD55.4155.8555.1455.405.33M
PepsicoPEP71.6571.8371.1171.404.3M
Union PacificUNP128.96131.26128.32130.211.8M
Berkshire HathawayBRK.B4365.004389.004301.004354.0014.8K
Exchange Rates of April 11, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 100.970 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.023 CAD1 CAD = 0.978 USD
US DollarSwiss Franc1 USD = 1.001 CHF1 CHF = 0.999 USD
US DollarChinese Yuan1 USD = 6.991 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 159.620 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.802 GBP1 GBP = 1.247 EUR
EuroAustralian Dollar1 EUR = 1.703 AUD1 AUD = 0.587 EUR
EuroCanadian Dollar1 EUR = 1.618 CAD1 CAD = 0.618 EUR
EuroSwiss Franc1 EUR = 1.583 CHF1 CHF = 0.632 EUR
Japanese YenPound Sterling1 JPY = 0.502 GBP1 GBP = 1.991 JPY
Japanese YenAustralian Dollar1 JPY = 1.067 AUD1 AUD = 0.938 JPY
Japanese YenCanadian Dollar1 JPY = 1.013 CAD1 CAD = 0.987 JPY
Japanese YenSwiss Franc1 JPY = 0.991 CHF1 CHF = 1.009 JPY
Pound SterlingAustralian Dollar1 GBP = 2.124 AUD1 AUD = 0.471 GBP
Pound SterlingCanadian Dollar1 GBP = 2.016 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 1.972 CHF1 CHF = 0.507 GBP
Australian DollarCanadian Dollar1 AUD = 0.949 CAD1 CAD = 1.054 AUD
Australian DollarSwiss Franc1 AUD = 0.928 CHF1 CHF = 1.077 AUD
Canadian DollarSwiss Franc1 CAD = 0.978 CHF1 CHF = 1.023 CAD

See what else happened on April 11, 2008