Financial news on April 15th, 2010

Business and Financial news
A Program to Certify Electronic Waste Recycling Rivals an Industry-U.S. Plan

The system would effectively ban recyclers from exporting toxic, nonfunctional discarded electronic devices to developing nations. Read more..

By TOM ZELLER Jr - The New York Times

Carlyle Said to Shop United Components

The Carlyle Group is shopping United Components and has tapped Goldman Sachs to help it find a buyer for the auto-parts maker, Bloomberg News reported, citing three people familiar with the plans. Read more..

By DEALBOOK - The New York Times

Credit Suisse Hires Proxy-Fight Expert

Credit Suisse has hired Chris Young, the director of mergers and acquisitions and proxy-fight research at Institutional Shareholder Services, to head the investment bank’s takeover defense practice. Read more..

By CYRUS SANATI - The New York Times

John Malone Back in Europe and Looking to Buy

Two decades ago 69-year-old billionaire, John Malone, tried and failed to replicate his U.S. cable TV success in Europe by buying up and consolidating local carriers. Now, undeterred by losses in his international operations in 14 of the past 16 years, including in 2009, he’s ready to try again, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

PC Sales Are on Course for Big Increase in 2010

After Intel’s positive first-quarter results, analysts say the PC market could grow by as much as 25 percent this year. Read more..

By ASHLEE VANCE - The New York Times

P.I.C.C.’s Chief Says A.I.G. Is Committed to Its Stake

The American International Group remains a long-term investor in the People’s Insurance Company of China, China’s top non-life insurer said on Thursday, even as the embattled U.S. firm unwinds its holdings in other assets to repay the U.S. government, Reuters reported. Read more..

By DEALBOOK - The New York Times

Support Voiced for Plan to Increase S.E.C. Budget

Senator Charles E. Schumer and Mary L. Schapiro, the S.E.C.’s chairwoman, joined with four of her predecessors to urge passage of the proposal. Read more..

By CYRUS SANATI - The New York Times

The Making of the iPad Town Hall Video

What looked like a live video chat with 20 people was actually a bunch of individual QuickTime movies, placed on the screen in a grid and playing back simultaneously. Still, pretty cool. Read more..

By DAVID POGUE - The New York Times

UBS Shareholders Voice Opposition to Bonuses

Far fewer UBS shareholders voted at the annual shareholders’ meeting to back last year’s compensation decisions. Read more..

By JULIA WERDIGIER - International Herald Tribune

Wall St. Must Recover Before N.Y.C. Can, Economists Say

The recession may be ending in the New York metropolitan area, but if history is any guide, no substantial recovery can begin until Wall Street stops shedding jobs and starts hiring again. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19,4519,6919,3719,50103M
Wells Fargo & Co.WFC33,2333,8933,1233,5147.9M
Cisco SystemsCSCO27,0027,2526,9527,2147M
JPMorgan ChaseJPM47,6548,2047,4947,8145.4M
Verizon CommunicationsVZ29,8429,8429,5029,5428.9M
AT&T Inc.T26,1626,3026,0426,2428M
UnitedHealth GroupUNH31,0731,3030,0830,6325.3M
Oracle Corp.ORCL26,2926,4026,1426,2023.8M
Bristol-Myers SquibbBMY25,6425,6425,3025,3418.5M
Home DepotHD34,9435,1534,7435,1418M
Wal-Mart StoresWMT54,1554,3653,9254,1317.7M
Abbott LaboratoriesABT52,3152,4552,0752,3615M
HP Inc.HPQ54,2054,3153,5554,2314.1M
Procter & GamblePG63,0363,1462,7263,0011.3M
Walt Disney & Co.DIS36,0836,5135,8636,409.19M
Gilead SciencesGILD45,9446,1845,2045,328.79M
Johnson & JohnsonJNJ65,2965,5465,1365,518.66M
International Business MachinesIBM130,53131,14130,19130,896.43M
Berkshire HathawayBRK.B80,7880,8079,8080,073.91M
United TechnologiesUTX73,8974,7273,7674,613.36M
Union PacificUNP77,0877,6076,8277,112.74M
Exchange Rates of April 15th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93,070 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,002 CAD1 CAD = 0,998 USD
US DollarSwiss Franc1 USD = 1,055 CHF1 CHF = 0,948 USD
US DollarChinese Yuan1 USD = 6,827 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 126,410 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,878 GBP1 GBP = 1,139 EUR
EuroAustralian Dollar1 EUR = 1,452 AUD1 AUD = 0,689 EUR
EuroCanadian Dollar1 EUR = 1,360 CAD1 CAD = 0,735 EUR
EuroSwiss Franc1 EUR = 1,434 CHF1 CHF = 0,697 EUR
EuroChinese Yuan1 EUR = 9,273 CNY1 CNY = 0,108 EUR
Japanese YenPound Sterling1 JPY = 0,694 GBP1 GBP = 1,441 JPY
Japanese YenAustralian Dollar1 JPY = 1,149 AUD1 AUD = 0,870 JPY
Japanese YenCanadian Dollar1 JPY = 1,076 CAD1 CAD = 0,929 JPY
Japanese YenSwiss Franc1 JPY = 1,134 CHF1 CHF = 0,882 JPY
Pound SterlingAustralian Dollar1 GBP = 1,655 AUD1 AUD = 0,604 GBP
Pound SterlingCanadian Dollar1 GBP = 1,550 CAD1 CAD = 0,645 GBP
Pound SterlingSwiss Franc1 GBP = 1,633 CHF1 CHF = 0,612 GBP
Pound SterlingChinese Yuan1 GBP = 10,561 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,936 CAD1 CAD = 1,068 AUD
Australian DollarSwiss Franc1 AUD = 0,987 CHF1 CHF = 1,014 AUD
Australian DollarChinese Yuan1 AUD = 6,379 CNY1 CNY = 0,157 AUD
Canadian DollarSwiss Franc1 CAD = 1,053 CHF1 CHF = 0,949 CAD
Canadian DollarChinese Yuan1 CAD = 6,812 CNY1 CNY = 0,147 CAD
Swiss FrancChinese Yuan1 CHF = 6,464 CNY1 CNY = 0,155 CHF

See what else happened on April 15th, 2010