Financial news on April 13, 2010

Business and Financial news
A Bidding War for Arsenal?

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..

By DEALBOOK - The New York Times

Dow Finishes Above 11,000

The highest close since September 2008 was the latest marker in a rally that has brought Wall Street back from the brink. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Ex-Northern Rock Executives Fined and Banned

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..

By DEALBOOK - The New York Times

Gates Foundation Stops Grant to Canadian Research Center

The grant, meant for tobacco control work in Africa, was withdrawn because the Canadian center’s chief also serves on a tobacco company’s board.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..

By DUFF WILSON - The New York Times

Greece Sells $1.6 Billion in Debt Sale

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..

By DEALBOOK - The New York Times

Imagine the Bailouts Are Working

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..

By DEALBOOK - The New York Times

Of Hedge Fund Managers and Campaign Contributions

As the spotlight on hedge funds has become increasingly hotter, industry executives have increasingly poured money into politicians’ campaign coffers, Politico reports. Read more..

By DEALBOOK - The New York Times

UBS Client Pleads Guilty To Tax Fraud

According to court papers, a client of the giant bank used a sham corporation in Panama to help hide his UBS accounts. Read more..

By LYNNLEY BROWNING - The New York Times

Union Brandishes Banker Pay in Fight With Wall St.

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..

By CYRUS SANATI - The New York Times

White House Still Fighting for Financial Overhaul

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..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.65 22.82 22.47 22.77 122M
General Electric GE 18.75 19.13 18.72 18.95 92.6M
Pfizer PFE 17.21 17.25 17.10 17.18 66.2M
Cisco Systems CSCO 26.45 26.50 26.17 26.44 42.9M
Microsoft MSFT 30.15 30.50 30.13 30.45 41.4M
Wells Fargo & Co. WFC 32.16 32.24 31.73 32.15 38M
AT&T Inc. T 26.32 26.43 26.02 26.20 38M
Oracle Corp. ORCL 26.01 26.63 26.00 26.35 33.9M
Home Depot HD 33.41 34.62 33.41 34.34 30.3M
JPMorgan Chase JPM 46.04 46.38 45.85 45.87 28M
Comcast CMCSA 18.61 18.71 18.49 18.67 23.2M
Verizon Communications VZ 30.00 30.15 29.76 30.07 20.3M
ExxonMobil XOM 68.47 68.76 68.07 68.66 19.2M
ConocoPhillips COP 56.38 56.78 55.43 55.67 18.8M
Abbott Laboratories ABT 52.16 52.48 52.16 52.28 14.4M
Wal-Mart Stores WMT 54.91 55.21 54.66 54.72 12.9M
Bristol-Myers Squibb BMY 26.24 26.30 25.97 25.98 12.6M
Johnson & Johnson JNJ 65.06 65.85 64.91 65.68 12.5M
Gilead Sciences GILD 45.94 46.61 45.76 46.35 12M
Merck MRK 36.69 36.93 36.58 36.70 11.9M
Procter & Gamble PG 62.60 63.34 62.58 63.00 11.2M
UnitedHealth Group UNH 32.44 32.68 31.83 32.16 11.1M
Apple AAPL 241.86 242.80 241.11 242.43 10.9M
Walt Disney & Co. DIS 35.87 36.06 35.71 35.84 10.9M
Schlumberger SLB 66.40 66.40 64.61 65.51 10.3M
Altria MO 21.05 21.15 20.88 21.10 9.73M
HP Inc. HPQ 53.89 53.98 53.56 53.78 8.11M
Chevron CVX 80.42 80.57 79.27 80.21 7.98M
Alphabet GOOGL 572.53 588.88 571.13 586.77 7.82M
Coca-Cola KO 54.68 55.08 54.65 55.02 7.53M
International Business Machines IBM 128.26 129.44 127.84 129.03 6.82M
McDonald's MCD 68.68 69.05 68.31 68.92 5.65M
Pepsico PEP 66.16 66.50 66.02 66.39 5.19M
Boeing BA 71.54 71.69 70.50 71.19 5.08M
Amazon AMZN 141.23 141.98 139.12 140.16 4.79M
Amgen AMGN 59.93 60.90 59.93 60.68 4.71M
United Technologies UTX 73.58 73.71 72.93 73.46 4.42M
3M MMM 83.04 84.24 82.69 83.94 4.26M
Union Pacific UNP 75.14 76.46 74.87 76.20 3.79M
Berkshire Hathaway BRK.B 80.21 80.69 79.70 80.45 3.07M
Visa V 93.41 93.79 92.16 92.79 2.86M
Exchange Rates of April 13, 2010
CurrenciesExchange Rates
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

See what else happened on April 13, 2010