Financial news on April 12th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.5618.9818.5418.7171.7M
Cisco SystemsCSCO26.5726.7426.4926.5328.4M
Wells Fargo & Co.WFC32.4032.7032.2732.4225.1M
Oracle Corp.ORCL26.0626.2825.8526.2024.8M
JPMorgan ChaseJPM46.0346.4745.9046.1424.6M
AT&T Inc.T26.5726.6726.3426.3822.9M
Verizon CommunicationsVZ30.0530.2029.9029.9419.6M
Abbott LaboratoriesABT52.7352.7352.7352.7313.5M
Home DepotHD33.2233.5733.1433.4812.3M
Wal-Mart StoresWMT55.0255.1054.5855.0212M
Bristol-Myers SquibbBMY26.2526.4026.1526.2910.9M
Walt Disney & Co.DIS36.1436.3335.8035.8910.4M
Procter & GamblePG62.4562.9862.4162.709.16M
UnitedHealth GroupUNH32.1832.3832.0132.268.76M
Johnson & JohnsonJNJ65.1165.2164.9365.118.69M
HP Inc.HPQ53.7954.0053.7753.888.45M
Gilead SciencesGILD45.8146.1145.7045.876.4M
International Business MachinesIBM128.57128.96128.24128.363.99M
United TechnologiesUTX74.3674.3673.5973.763.79M
Berkshire HathawayBRK.B80.8081.0980.1380.482.34M
Union PacificUNP75.8175.8874.5375.382.31M
Exchange Rates of April 12th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.190 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.003 CAD1 CAD = 0.997 USD
US DollarSwiss Franc1 USD = 1.060 CHF1 CHF = 0.944 USD
US DollarChinese Yuan1 USD = 6.825 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 126.620 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.885 GBP1 GBP = 1.131 EUR
EuroAustralian Dollar1 EUR = 1.470 AUD1 AUD = 0.680 EUR
EuroCanadian Dollar1 EUR = 1.362 CAD1 CAD = 0.734 EUR
EuroSwiss Franc1 EUR = 1.440 CHF1 CHF = 0.694 EUR
EuroChinese Yuan1 EUR = 9.277 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.698 GBP1 GBP = 1.432 JPY
Japanese YenAustralian Dollar1 JPY = 1.161 AUD1 AUD = 0.862 JPY
Japanese YenCanadian Dollar1 JPY = 1.076 CAD1 CAD = 0.930 JPY
Japanese YenSwiss Franc1 JPY = 1.137 CHF1 CHF = 0.879 JPY
Pound SterlingAustralian Dollar1 GBP = 1.662 AUD1 AUD = 0.602 GBP
Pound SterlingCanadian Dollar1 GBP = 1.540 CAD1 CAD = 0.649 GBP
Pound SterlingSwiss Franc1 GBP = 1.628 CHF1 CHF = 0.614 GBP
Pound SterlingChinese Yuan1 GBP = 10.476 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.926 CAD1 CAD = 1.079 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.021 AUD
Australian DollarChinese Yuan1 AUD = 6.318 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.057 CHF1 CHF = 0.947 CAD
Canadian DollarChinese Yuan1 CAD = 6.807 CNY1 CNY = 0.147 CAD
Swiss FrancChinese Yuan1 CHF = 6.442 CNY1 CNY = 0.155 CHF

See what else happened on April 12th, 2010