Financial news on April 13, 2010
Business and Financial news
One of Arsenal’s biggest shareholders decided to sell her stake in the British Premier League club on Monday, raising the possibility of a takeover bid for the north London side, according to press reports. Read more..
The highest close since September 2008 was the latest marker in a rally that has brought Wall Street back from the brink. Read more..
Britain’s financial regulator has fined and banned two former executives of mortgage lender Northern Rock — the country’s first major casualty of the global credit crunch — for misreporting figures on loan arrears, The Associated Press reports. Read more..
The grant, meant for tobacco control work in Africa, was withdrawn because the Canadian center’s chief also serves on a tobacco company’s board. Read more..
Greece raised $1.6 billion in a heavily oversubscribed auction for 26- and 52-week government bonds Tuesday, the first debt sale since details were announced of a eurozone and International Monetary Fund rescue package over the weekend, The Associated Press reported. Read more..
The Treasury will probably earn a profit on Citigroup and could break even on A.I.G., putting a sunnier face on a bailout that has cost hundreds of billions, The New York Times’s Andrew Ross Sorkin writes in his latest DealBook column. Read more..
As the spotlight on hedge funds has become increasingly hotter, industry executives have increasingly poured money into politicians’ campaign coffers, Politico reports. Read more..
According to court papers, a client of the giant bank used a sham corporation in Panama to help hide his UBS accounts. Read more..
The A.F.L.-C.I.O. is taking aim at the big banks in its annual survey of chief executive compensation, highlighting efforts by Wall Street’s leaders to fight against tougher financial regulations. Read more..
The Obama administration vowed on Monday to push for even tougher financial regulation reform, as legislation heads for the Senate floor as soon as next week, Reuters reported. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.16||32.24||31.73||32.15||38M|
|Johnson & Johnson||JNJ||65.06||65.85||64.91||65.68||12.5M|
|Procter & Gamble||PG||62.60||63.34||62.58||63.00||11.2M|
|Walt Disney & Co.||DIS||35.87||36.06||35.71||35.84||10.9M|
|International Business Machines||IBM||128.26||129.44||127.84||129.03||6.82M|
Exchange Rates of April 13, 2010
|US Dollar||Japanese Yen||1 USD = 93.190 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.002 CAD||1 CAD = 0.998 USD|
|US Dollar||Swiss Franc||1 USD = 1.054 CHF||1 CHF = 0.949 USD|
|US Dollar||Chinese Yuan||1 USD = 6.826 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 126.910 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.885 GBP||1 GBP = 1.130 EUR|
|Euro||Australian Dollar||1 EUR = 1.466 AUD||1 AUD = 0.682 EUR|
|Euro||Canadian Dollar||1 EUR = 1.364 CAD||1 CAD = 0.733 EUR|
|Euro||Swiss Franc||1 EUR = 1.435 CHF||1 CHF = 0.697 EUR|
|Euro||Chinese Yuan||1 EUR = 9.295 CNY||1 CNY = 0.108 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.697 GBP||1 GBP = 1.434 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.155 AUD||1 AUD = 0.866 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.074 CAD||1 CAD = 0.931 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.131 CHF||1 CHF = 0.884 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.656 AUD||1 AUD = 0.604 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.541 CAD||1 CAD = 0.649 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.621 CHF||1 CHF = 0.617 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.491 CNY||1 CNY = 0.095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.930 CAD||1 CAD = 1.075 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.979 CHF||1 CHF = 1.022 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.340 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.052 CHF||1 CHF = 0.951 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.816 CNY||1 CNY = 0.147 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.475 CNY||1 CNY = 0.154 CHF|