Financial news on April 15th, 2008

Business and Financial news
Bond Insurer Ponders Its Options

FGIC, a money-losing bond insurer owned by the Blackstone Group and the PMI Group, is seeking investors and may consider selling the company. Read more..

By BLOOMBERG NEWS - The New York Times

Delta and Northwest Promote Benefits of Merger

Executives said that a new and more flexible contract with Delta pilots would allow the company soon after completing its merger to begin swapping planes in an effort to lift sales. Read more..

By JEFF BAILEY - The New York Times

Fuel Choices, Food Crises and Finger-Pointing

Biofuels are fast becoming a new flash point in global diplomacy, putting pressure on Western politicians. Read more..

By ANDREW MARTIN - The New York Times

Hostile Blockbuster Bid Scorned by Circuit City

Circuit City said it doubted that Blockbuster could find adequate financing to seal the deal, despite assurances that Carl C. Icahn would provide support. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Intel’s Income Meets Expectations

The semiconductor maker reported solid global demand for its chips, soothing investor concerns that economic softness would rattle the technology industry. Read more..

By LAURIE J. FLYNN - The New York Times

Memo Pad

American Airlines became the last of the major network carriers to join in a new across-the-board fare increase. Read more..

By JOE SHARKEY - The New York Times

Oil Prices Surge to a New High

Oil rose to nearly $114 a barrel, as pipeline interruptions and a weak dollar pressured a tight global market. Read more..

By JAD MOUAWAD - The New York Times

On the Edge of Impropriety, Ryanair Builds Its Image

The European airline, which has a history of provocative marketing stunts, has drawn some unwanted attention lately — from a French court and the British advertising watchdog. Read more..

By ERIC PFANNER - The New York Times

Retailing Chains Caught in a Wave of Bankruptcies

A consumer spending slump and tightening credit markets are prompting thousands of store closings. Read more..

By MICHAEL BARBARO - The New York Times

The Last Frontier of Flying

In Alaska, flying in a small plane to remote parts of the huge state can be deadly; in 2007, there were 104 aircraft accidents and 30 deaths in the state. Read more..

By WELD ROYAL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE32.0332.1131.5531.9864.9M
Cisco SystemsCSCO23.4223.4722.9123.1148.2M
JPMorgan ChaseJPM42.1542.7041.2842.1237.3M
Wells Fargo & Co.WFC27.4827.9827.1227.8129.7M
Wal-Mart StoresWMT55.3556.3955.1956.2725.6M
Oracle Corp.ORCL19.9920.2419.9320.1825M
Verizon CommunicationsVZ35.5035.5634.7935.1117.8M
Johnson & JohnsonJNJ65.6366.0264.9965.6517.4M
Abbott LaboratoriesABT52.4052.8951.5551.9116.7M
AT&T Inc.T37.3137.7337.1137.3315.6M
Walt Disney & Co.DIS30.0730.1029.5729.9310.3M
Home DepotHD28.0128.1027.5027.939.87M
Bristol-Myers SquibbBMY21.7321.7321.2621.459.43M
UnitedHealth GroupUNH36.1438.1036.0837.249.01M
International Business MachinesIBM117.10117.67115.54117.178.64M
Procter & GamblePG70.3970.4069.8070.238.6M
HP Inc.HPQ46.0446.1345.2945.828.55M
United TechnologiesUTX70.5071.4570.0570.844.4M
Gilead SciencesGILD51.2351.4050.6151.072.74M
Union PacificUNP131.91132.03129.99130.902.43M
Berkshire HathawayBRK.B4287.004300.004261.004290.0015.3K
Exchange Rates of April 15th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.830 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.018 CAD1 CAD = 0.983 USD
US DollarSwiss Franc1 USD = 1.007 CHF1 CHF = 0.993 USD
US DollarChinese Yuan1 USD = 6.993 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 160.800 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.804 GBP1 GBP = 1.243 EUR
EuroAustralian Dollar1 EUR = 1.704 AUD1 AUD = 0.587 EUR
EuroCanadian Dollar1 EUR = 1.607 CAD1 CAD = 0.622 EUR
EuroSwiss Franc1 EUR = 1.590 CHF1 CHF = 0.629 EUR
Japanese YenPound Sterling1 JPY = 0.500 GBP1 GBP = 2.000 JPY
Japanese YenAustralian Dollar1 JPY = 1.059 AUD1 AUD = 0.944 JPY
Japanese YenCanadian Dollar1 JPY = 0.999 CAD1 CAD = 1.001 JPY
Japanese YenSwiss Franc1 JPY = 0.988 CHF1 CHF = 1.012 JPY
Pound SterlingAustralian Dollar1 GBP = 2.119 AUD1 AUD = 0.472 GBP
Pound SterlingCanadian Dollar1 GBP = 1.998 CAD1 CAD = 0.501 GBP
Pound SterlingSwiss Franc1 GBP = 1.976 CHF1 CHF = 0.506 GBP
Australian DollarCanadian Dollar1 AUD = 0.942 CAD1 CAD = 1.061 AUD
Australian DollarSwiss Franc1 AUD = 0.932 CHF1 CHF = 1.073 AUD
Canadian DollarSwiss Franc1 CAD = 0.989 CHF1 CHF = 1.011 CAD

See what else happened on April 15th, 2008