Financial news on April 14, 2010

Business and Financial news
A Modest Gain as Investors Digest Earnings Reports

Wall Street traders took in the first batch of quarterly earnings reports on Tuesday, but nobody seemed quite sure what to make of the numbers, The New York Times reports. Read more..

By DEALBOOK - The New York Times

An Insurer’s New Approach to Diabetes

A clinically tested program, in which losing 5 percent of body weight cut the risk of Type 2 diabetes by more than half, will be expanded to Y.M.C.A.’s in seven cities. Read more..

By REED ABELSON - The New York Times

Bill Would Require Derivatives Trading to Occur on Exchanges

Senator Blanche Lincoln said she would introduce a bill requiring centralized exchange for trading of all derivative contracts. Read more..

By EDWARD WYATT - The New York Times

Chipping Away at the Corporate Debt Wall

Some companies are getting ahead of the due date of their debt by refinancing now, while investors are eager. Read more..

By AGNES T. CRANE and ANTONY CURRIE - The New York Times

G.O.P. Takes Aim at Plans to Curb Finance Industry

Senator Mitch McConnell and Republicans criticized a bill as arrogant, but Democrats accused Republicans of trying to prevent tougher policing of Wall Street. Read more..

By DAVID M. HERSZENHORN and SEWELL CHAN - The New York Times

In Germany, Legal Challenge Planned Over Greek Aid

A German economist plans to launch a legal challenge at the Constitutional Court against the euro zone aid package for Greece agreed by finance ministers at the weekend, a German newspaper reported. Read more..

By DEALBOOK - The New York Times

Local TV Stations in Venture for Mobile Programming

The venture, including NBC, Fox and others, said they would contribute broadcast spectrum for a national service. Read more..

By BRIAN STELTER - The New York Times

Palm Climbs After Harbinger Buys 9.5% Stake

Shares of Palm climbed as much as 10 percent on Wednesday after Harbringer Capital Partners disclosed that it had acquired a 9.5 percent stake in the company. But Palm later gave up much of its earlier gains. Read more..

By DEALBOOK - The New York Times

Soros Says Bank ‘Oligopoly’ Should Be Broken

George Soros, the billionaire financier, called for the “oligopoly” formed by the four biggest U.S. banks “to be broken up,” Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Wall Street Ramps Up Hiring as Profits Rebound

Wall Street is hiring again, with those most in demand including traders of exotic financial investments such as derivatives, and risk managers whose job it is to keep companies from repeating the reckless bets that nearly toppled the financial system 18 months ago, The Associated Press 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 23.57 23.69 23.27 23.52 160M
Pfizer PFE 17.18 17.18 16.94 17.07 95.9M
General Electric GE 19.21 19.40 19.01 19.35 82M
JPMorgan Chase JPM 47.40 47.93 46.78 47.73 72.5M
Microsoft MSFT 30.79 31.00 30.66 30.82 68.9M
Wells Fargo & Co. WFC 32.46 33.42 32.35 33.28 54.4M
Cisco Systems CSCO 26.63 26.93 26.56 26.88 44.6M
Verizon Communications VZ 30.05 30.05 29.65 29.85 44.2M
Oracle Corp. ORCL 26.34 26.50 26.20 26.38 27.9M
AT&T Inc. T 26.17 26.24 26.02 26.24 27.7M
Home Depot HD 34.32 35.07 34.30 34.98 24.7M
Comcast CMCSA 18.63 18.95 18.48 18.93 20.5M
Merck MRK 36.74 36.74 36.01 36.21 20M
Abbott Laboratories ABT 52.42 52.46 51.93 52.31 19M
ExxonMobil XOM 68.72 68.82 68.36 68.61 18.8M
UnitedHealth Group UNH 32.11 32.12 30.94 31.05 16.5M
ConocoPhillips COP 55.91 56.95 55.70 56.89 15M
Wal-Mart Stores WMT 54.63 54.91 54.34 54.64 14.7M
Apple AAPL 245.28 245.81 244.07 245.69 14.4M
Bristol-Myers Squibb BMY 25.91 25.96 25.59 25.70 13.5M
Altria MO 21.10 21.16 20.97 21.16 13.2M
HP Inc. HPQ 54.02 54.64 53.95 54.52 12M
Johnson & Johnson JNJ 65.43 65.60 65.18 65.49 10.5M
Walt Disney & Co. DIS 35.89 36.21 35.77 36.20 9.27M
Schlumberger SLB 66.00 67.42 65.77 67.10 9.18M
International Business Machines IBM 129.73 131.42 129.46 131.25 8.55M
Gilead Sciences GILD 45.93 46.62 45.80 46.06 8.41M
Amazon AMZN 140.34 144.50 139.20 144.28 7.9M
Procter & Gamble PG 62.92 63.23 62.71 63.19 7.69M
Chevron CVX 80.46 80.61 80.03 80.58 7.29M
Coca-Cola KO 55.03 55.06 54.65 54.95 6.93M
Alphabet GOOGL 590.06 592.34 584.01 589.00 6.8M
McDonald's MCD 69.18 69.53 69.05 69.42 6.19M
Union Pacific UNP 76.62 77.55 76.29 77.06 5.45M
Pepsico PEP 66.20 66.30 65.83 66.29 5.2M
Amgen AMGN 60.42 61.20 60.38 61.14 5.18M
Visa V 93.16 94.44 92.86 94.26 4.33M
3M MMM 83.91 84.47 83.48 84.39 3.63M
Boeing BA 70.83 71.76 70.81 71.70 3.5M
United Technologies UTX 73.33 74.05 73.13 74.00 3.38M
Berkshire Hathaway BRK.B 80.56 81.05 80.27 80.89 3.27M
Exchange Rates of April 14, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.260 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 0.999 CAD 1 CAD = 1.001 USD
US Dollar Swiss Franc 1 USD = 1.052 CHF 1 CHF = 0.951 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 127.310 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.882 GBP 1 GBP = 1.133 EUR
Euro Australian Dollar 1 EUR = 1.459 AUD 1 AUD = 0.685 EUR
Euro Canadian Dollar 1 EUR = 1.363 CAD 1 CAD = 0.734 EUR
Euro Swiss Franc 1 EUR = 1.436 CHF 1 CHF = 0.697 EUR
Euro Chinese Yuan 1 EUR = 9.319 CNY 1 CNY = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.693 GBP 1 GBP = 1.443 JPY
Japanese Yen Australian Dollar 1 JPY = 1.146 AUD 1 AUD = 0.873 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.071 CAD 1 CAD = 0.934 JPY
Japanese Yen Swiss Franc 1 JPY = 1.128 CHF 1 CHF = 0.887 JPY
Pound Sterling Australian Dollar 1 GBP = 1.653 AUD 1 AUD = 0.605 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.544 CAD 1 CAD = 0.648 GBP
Pound Sterling Swiss Franc 1 GBP = 1.626 CHF 1 CHF = 0.615 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.546 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.071 AUD
Australian Dollar Swiss Franc 1 AUD = 0.983 CHF 1 CHF = 1.017 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.386 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.053 CHF 1 CHF = 0.950 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.834 CNY 1 CNY = 0.146 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.488 CNY 1 CNY = 0.154 CHF

See what else happened on April 14, 2010