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The grant, meant for tobacco control work in Africa, was withdrawn because the Canadian center’s chief also serves on a tobacco company’s board.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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.7519.1318.7218.9592.6M
Cisco SystemsCSCO26.4526.5026.1726.4442.9M
Wells Fargo & Co.WFC32.1632.2431.7332.1538M
AT&T Inc.T26.3226.4326.0226.2038M
Oracle Corp.ORCL26.0126.6326.0026.3533.9M
Home DepotHD33.4134.6233.4134.3430.3M
JPMorgan ChaseJPM46.0446.3845.8545.8728M
Verizon CommunicationsVZ30.0030.1529.7630.0720.3M
Abbott LaboratoriesABT52.1652.4852.1652.2814.4M
Wal-Mart StoresWMT54.9155.2154.6654.7212.9M
Bristol-Myers SquibbBMY26.2426.3025.9725.9812.6M
Johnson & JohnsonJNJ65.0665.8564.9165.6812.5M
Gilead SciencesGILD45.9446.6145.7646.3512M
Procter & GamblePG62.6063.3462.5863.0011.2M
UnitedHealth GroupUNH32.4432.6831.8332.1611.1M
Walt Disney & Co.DIS35.8736.0635.7135.8410.9M
HP Inc.HPQ53.8953.9853.5653.788.11M
International Business MachinesIBM128.26129.44127.84129.036.82M
United TechnologiesUTX73.5873.7172.9373.464.42M
Union PacificUNP75.1476.4674.8776.203.79M
Berkshire HathawayBRK.B80.2180.6979.7080.453.07M
Exchange Rates of April 13, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.190 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.002 CAD1 CAD = 0.998 USD
US DollarSwiss Franc1 USD = 1.054 CHF1 CHF = 0.949 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 126.910 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.885 GBP1 GBP = 1.130 EUR
EuroAustralian Dollar1 EUR = 1.466 AUD1 AUD = 0.682 EUR
EuroCanadian Dollar1 EUR = 1.364 CAD1 CAD = 0.733 EUR
EuroSwiss Franc1 EUR = 1.435 CHF1 CHF = 0.697 EUR
EuroChinese Yuan1 EUR = 9.295 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.697 GBP1 GBP = 1.434 JPY
Japanese YenAustralian Dollar1 JPY = 1.155 AUD1 AUD = 0.866 JPY
Japanese YenCanadian Dollar1 JPY = 1.074 CAD1 CAD = 0.931 JPY
Japanese YenSwiss Franc1 JPY = 1.131 CHF1 CHF = 0.884 JPY
Pound SterlingAustralian Dollar1 GBP = 1.656 AUD1 AUD = 0.604 GBP
Pound SterlingCanadian Dollar1 GBP = 1.541 CAD1 CAD = 0.649 GBP
Pound SterlingSwiss Franc1 GBP = 1.621 CHF1 CHF = 0.617 GBP
Pound SterlingChinese Yuan1 GBP = 10.491 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.930 CAD1 CAD = 1.075 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.022 AUD
Australian DollarChinese Yuan1 AUD = 6.340 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.052 CHF1 CHF = 0.951 CAD
Canadian DollarChinese Yuan1 CAD = 6.816 CNY1 CNY = 0.147 CAD
Swiss FrancChinese Yuan1 CHF = 6.475 CNY1 CNY = 0.154 CHF

See what else happened on April 13, 2010