Financial news on April 15, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.88 20.94 20.50 20.91 93.5M
General Electric GE 32.03 32.11 31.55 31.98 64.9M
Cisco Systems CSCO 23.42 23.47 22.91 23.11 48.2M
JPMorgan Chase JPM 42.15 42.70 41.28 42.12 37.3M
Microsoft MSFT 28.10 28.48 28.03 28.25 34.3M
Pfizer PFE 20.65 20.92 20.57 20.71 33.4M
Wells Fargo & Co. WFC 27.48 27.98 27.12 27.81 29.7M
Wal-Mart Stores WMT 55.35 56.39 55.19 56.27 25.6M
Oracle Corp. ORCL 19.99 20.24 19.93 20.18 25M
Apple AAPL 149.40 149.72 145.72 148.38 24.9M
ExxonMobil XOM 90.02 90.89 89.65 90.80 19.5M
Merck MRK 42.00 42.24 40.76 41.22 18.8M
Verizon Communications VZ 35.50 35.56 34.79 35.11 17.8M
Johnson & Johnson JNJ 65.63 66.02 64.99 65.65 17.4M
Altria MO 21.57 21.77 21.30 21.71 17.1M
Abbott Laboratories ABT 52.40 52.89 51.55 51.91 16.7M
AT&T Inc. T 37.31 37.73 37.11 37.33 15.6M
ConocoPhillips COP 80.26 81.44 80.11 81.24 15.3M
Coca-Cola KO 60.95 61.22 60.42 60.94 11.7M
Comcast CMCSA 19.91 19.91 19.61 19.71 11M
Walt Disney & Co. DIS 30.07 30.10 29.57 29.93 10.3M
Home Depot HD 28.01 28.10 27.50 27.93 9.87M
Bristol-Myers Squibb BMY 21.73 21.73 21.26 21.45 9.43M
Alphabet GOOGL 451.66 459.72 443.72 446.84 9.15M
UnitedHealth Group UNH 36.14 38.10 36.08 37.24 9.01M
International Business Machines IBM 117.10 117.67 115.54 117.17 8.64M
Procter & Gamble PG 70.39 70.40 69.80 70.23 8.6M
HP Inc. HPQ 46.04 46.13 45.29 45.82 8.55M
Chevron CVX 89.70 90.28 89.15 90.17 8.4M
Schlumberger SLB 91.59 92.30 90.11 91.13 7.01M
Amgen AMGN 43.09 43.47 42.68 43.36 6.94M
Amazon AMZN 73.44 73.98 70.65 72.50 6.81M
McDonald's MCD 55.79 56.14 55.67 55.96 6.66M
Boeing BA 77.50 77.67 75.60 75.70 6.34M
Visa V 66.54 66.55 64.00 64.35 5.97M
United Technologies UTX 70.50 71.45 70.05 70.84 4.4M
Pepsico PEP 71.25 71.46 70.78 71.22 3.74M
Gilead Sciences GILD 51.23 51.40 50.61 51.07 2.74M
3M MMM 78.55 78.94 78.27 78.84 2.67M
Union Pacific UNP 131.91 132.03 129.99 130.90 2.43M
Berkshire Hathaway BRK.B 4287.00 4300.00 4261.00 4290.00 15.3K
Exchange Rates of April 15, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.830 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.018 CAD 1 CAD = 0.983 USD
US Dollar Swiss Franc 1 USD = 1.007 CHF 1 CHF = 0.993 USD
US Dollar Chinese Yuan 1 USD = 6.993 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 160.800 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.804 GBP 1 GBP = 1.243 EUR
Euro Australian Dollar 1 EUR = 1.704 AUD 1 AUD = 0.587 EUR
Euro Canadian Dollar 1 EUR = 1.607 CAD 1 CAD = 0.622 EUR
Euro Swiss Franc 1 EUR = 1.590 CHF 1 CHF = 0.629 EUR
Japanese Yen Pound Sterling 1 JPY = 0.500 GBP 1 GBP = 2.000 JPY
Japanese Yen Australian Dollar 1 JPY = 1.059 AUD 1 AUD = 0.944 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.999 CAD 1 CAD = 1.001 JPY
Japanese Yen Swiss Franc 1 JPY = 0.988 CHF 1 CHF = 1.012 JPY
Pound Sterling Australian Dollar 1 GBP = 2.119 AUD 1 AUD = 0.472 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.998 CAD 1 CAD = 0.501 GBP
Pound Sterling Swiss Franc 1 GBP = 1.976 CHF 1 CHF = 0.506 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.942 CAD 1 CAD = 1.061 AUD
Australian Dollar Swiss Franc 1 AUD = 0.932 CHF 1 CHF = 1.073 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.989 CHF 1 CHF = 1.011 CAD

See what else happened on April 15, 2008