Financial news on April 12, 2010

Business and Financial news
Accounts, People & Miscellany

Client assignments, executive appointments and other developments in the advertising business. Read more..

By STUART ELLIOTT - The New York Times

Cerberus to Buy DynCorp for $1.5 Billion

DynCorp International, the private military contractor, said on Monday it has agreed to sell itself to Cerberus Capital Management for $1.5 billion, as the private equity industry continues to return to its core business of deal-making. Read more..

By DEALBOOK - The New York Times

Fed Names New Chief for Monetary Affairs

The Federal Reserve Board on Monday named William B. English as director of its division of monetary affairs, one of the most powerful staff positions at the central bank. Read more..

By DEALBOOK - The New York Times

Late to the Game, DreamWorks Is Bringing Kung Fu Panda World to the Web

The site, which allows children to play elaborate online games, has taken two years to develop and is centered on the movie “Kung Fu Panda.” Read more..

By BROOKS BARNES - The New York Times

MasterCard Names Banga as Next Chief

MasterCard said on Monday that it has named Ajay Banga as its next chief executive and a new board member, effective July 1. Read more..

By DEALBOOK - The New York Times

Morgan Stanley Chief Not Satisfied With 2009 Results

James P. Gorman says he is not satisfied with the firm’s financial results for last year, which included a loss of 93 cents a share. Read more..

By DEALBOOK - The New York Times

Not Yet Athens on the Potomac

A pre-emptive look at the debt and deficit situation of the United States. Read more..

By ROB COX and AGNES T. CRANE - The New York Times

Poll Finds Pessimism Among Print and Broadcast Journalists

About half of newspaper and broadcast news editors believe that their employers will go out of business if they do not find new sources of revenue, according to a survey. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Sentences Get Harsher in White-Collar Cases

Peter J. Henning of White Collar Watch looks at the 50-year jail term given to a white-collar defendant convicted of a $3.7 billion fraud and finds that such harsh sentences are becoming the norm. Read more..

By PETER J. HENNING - The New York Times

Tribune Files Bankruptcy Plan; Lenders Protest

The Tribune Company filed its bankruptcy reorganization plan on Monday, setting the newspaper publisher up for a showdown with a large group of lenders that called the terms unfair and demanded the right to propose a rival plan. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18,56 18,98 18,54 18,71 71.7M
Intel INTC 22,69 22,73 22,44 22,54 49.4M
Pfizer PFE 17,32 17,33 17,19 17,29 49.2M
Microsoft MSFT 30,25 30,49 30,21 30,32 37.1M
Cisco Systems CSCO 26,57 26,74 26,49 26,53 28.4M
Wells Fargo & Co. WFC 32,40 32,70 32,27 32,42 25.1M
Oracle Corp. ORCL 26,06 26,28 25,85 26,20 24.8M
JPMorgan Chase JPM 46,03 46,47 45,90 46,14 24.6M
AT&T Inc. T 26,57 26,67 26,34 26,38 22.9M
Verizon Communications VZ 30,05 30,20 29,90 29,94 19.6M
ConocoPhillips COP 55,41 56,17 55,26 55,96 18.6M
ExxonMobil XOM 68,80 69,05 68,58 68,71 18.2M
Abbott Laboratories ABT 52,73 52,73 52,73 52,73 13.5M
Comcast CMCSA 18,51 18,72 18,45 18,63 12.5M
Home Depot HD 33,22 33,57 33,14 33,48 12.3M
Wal-Mart Stores WMT 55,02 55,10 54,58 55,02 12M
Apple AAPL 242,20 243,07 241,81 242,29 11.9M
Bristol-Myers Squibb BMY 26,25 26,40 26,15 26,29 10.9M
Merck MRK 36,96 37,09 36,80 36,85 10.7M
Altria MO 20,96 21,20 20,94 21,10 10.6M
Walt Disney & Co. DIS 36,14 36,33 35,80 35,89 10.4M
Chevron CVX 79,50 80,80 79,37 80,43 10M
Procter & Gamble PG 62,45 62,98 62,41 62,70 9.16M
UnitedHealth Group UNH 32,18 32,38 32,01 32,26 8.76M
Johnson & Johnson JNJ 65,11 65,21 64,93 65,11 8.69M
Coca-Cola KO 54,65 54,86 54,51 54,76 8.47M
HP Inc. HPQ 53,79 54,00 53,77 53,88 8.45M
Gilead Sciences GILD 45,81 46,11 45,70 45,87 6.4M
Schlumberger SLB 66,20 66,84 66,15 66,31 5.93M
Amgen AMGN 60,66 60,90 60,17 60,37 5.59M
Amazon AMZN 140,00 142,92 139,68 141,20 5.45M
Pepsico PEP 66,35 66,67 66,26 66,32 5.07M
Alphabet GOOGL 567,35 574,00 566,22 572,73 4.7M
McDonald's MCD 68,77 68,85 68,37 68,53 4.02M
International Business Machines IBM 128,57 128,96 128,24 128,36 3.99M
United Technologies UTX 74,36 74,36 73,59 73,76 3.79M
Boeing BA 72,15 72,57 71,80 71,92 3.67M
3M MMM 83,76 83,76 83,09 83,28 2.63M
Berkshire Hathaway BRK.B 80,80 81,09 80,13 80,48 2.34M
Visa V 93,05 93,49 92,50 93,19 2.33M
Union Pacific UNP 75,81 75,88 74,53 75,38 2.31M
Exchange Rates of April 12, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93,190 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,003 CAD 1 CAD = 0,997 USD
US Dollar Swiss Franc 1 USD = 1,060 CHF 1 CHF = 0,944 USD
US Dollar Chinese Yuan 1 USD = 6,825 CNY 1 CNY = 0,147 USD
Euro Japanese Yen 1 EUR = 126,620 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,885 GBP 1 GBP = 1,131 EUR
Euro Australian Dollar 1 EUR = 1,470 AUD 1 AUD = 0,680 EUR
Euro Canadian Dollar 1 EUR = 1,362 CAD 1 CAD = 0,734 EUR
Euro Swiss Franc 1 EUR = 1,440 CHF 1 CHF = 0,694 EUR
Euro Chinese Yuan 1 EUR = 9,277 CNY 1 CNY = 0,108 EUR
Japanese Yen Pound Sterling 1 JPY = 0,698 GBP 1 GBP = 1,432 JPY
Japanese Yen Australian Dollar 1 JPY = 1,161 AUD 1 AUD = 0,862 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,076 CAD 1 CAD = 0,930 JPY
Japanese Yen Swiss Franc 1 JPY = 1,137 CHF 1 CHF = 0,879 JPY
Pound Sterling Australian Dollar 1 GBP = 1,662 AUD 1 AUD = 0,602 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,540 CAD 1 CAD = 0,649 GBP
Pound Sterling Swiss Franc 1 GBP = 1,628 CHF 1 CHF = 0,614 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,476 CNY 1 CNY = 0,095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,926 CAD 1 CAD = 1,079 AUD
Australian Dollar Swiss Franc 1 AUD = 0,979 CHF 1 CHF = 1,021 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,318 CNY 1 CNY = 0,158 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,057 CHF 1 CHF = 0,947 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,807 CNY 1 CNY = 0,147 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,442 CNY 1 CNY = 0,155 CHF

See what else happened on April 12, 2010