Financial news on April 16, 2008

Business and Financial news
A New Chief, but eBay’s Struggles Continue

The company, which has been refocusing its business, reported net income in its first quarter rose 22 percent to $562 million, or 42 cents a share, from the year-ago quarter. Read more..

By BRAD STONE - The New York Times

Canada Likely to Label Plastic Ingredient ‘Toxic’

The Canadian government is said to be ready to declare as toxic the compound bisphenol-a, a chemical widely used in plastics for baby bottles, beverage and food containers. Read more..

By IAN AUSTEN - The New York Times

For Microsoft, Holding Yahoo Talent May Be Costly

A look at that deal suggests that the hidden cost of “flight insurance” against employee defections may also be a reason Microsoft has resisted raising its bid. Read more..

By STEVE LOHR - The New York Times

I.B.M. Easily Tops Forecasts for Quarter

I.B.M. reported strong quarterly profit, as its global reach and its healthy services and software businesses left the company unscathed so far by the weakness of the United States economy. Read more..

By STEVE LOHR - The New York Times

Japan Bars Investment by British Hedge Fund

In a closely-watched case, the trade ministry rejected a bid by the Children’s Investment Fund to increase its holdings in Electric Power Development, an electricity wholesale company. Read more..

By MARTIN FACKLER - The New York Times

Larger Prey Are Targets of Phishing

An e-mail scam aimed at the nation’s top executives is raising new alarms about the ease with which people and companies can be deceived by online criminals. Read more..

By JOHN MARKOFF - The New York Times

Linens ’n Things Puts Off $16 Million Interest Payment

Linens ’n Things said it would defer paying about $16.1 million in interest payments due Tuesday as it worked to stave off a bankruptcy filing. Read more..

By THE NEW YORK TIMES - The New York Times

New Ballpark in Washington Anchors an Area’s Revival

Many say the $611 million publicly financed stadium for the Washington Nationals has accelerated a striking change in a long-languishing area. Read more..

By EUGENE L. MEYER - The New York Times

Relief Possible for Tenants Caught in Landlord’s Default

Help may be in sight for apartment dwellers in Texas who have been living in deteriorating conditions since their landlord defaulted on hundreds of millions of dollars’ worth of mortgages. Read more..

By TERRY PRISTIN - The New York Times

Wall Street Winners Get Billion-Dollar Paydays

Hedge fund managers are making money on a scale that once seemed unimaginable, even on Wall Street. Read more..

By JENNY ANDERSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.42 22.48 21.86 22.13 109M
General Electric GE 32.34 32.35 32.02 32.23 79.5M
Wells Fargo & Co. WFC 29.97 30.34 28.49 29.01 69.8M
Microsoft MSFT 28.53 29.05 28.38 28.95 54.1M
JPMorgan Chase JPM 43.79 44.96 43.10 44.96 52.6M
Cisco Systems CSCO 23.46 24.00 23.33 23.83 51.2M
Oracle Corp. ORCL 20.30 20.94 20.29 20.77 47.1M
Pfizer PFE 20.82 21.10 20.74 21.10 38.5M
Apple AAPL 151.76 154.10 150.62 153.70 28.4M
Wal-Mart Stores WMT 56.42 57.12 56.35 57.07 28.1M
Abbott Laboratories ABT 52.32 52.82 51.06 51.35 27.6M
ExxonMobil XOM 90.99 93.00 90.76 92.89 26.9M
Merck MRK 41.35 41.49 39.72 40.31 26.3M
AT&T Inc. T 37.41 37.89 37.10 37.61 25.8M
Altria MO 21.52 21.73 21.19 21.67 23.9M
Procter & Gamble PG 69.90 70.68 68.97 69.27 19.5M
International Business Machines IBM 118.21 120.47 117.17 120.47 19.3M
Comcast CMCSA 19.73 19.94 19.69 19.93 17.7M
Alphabet GOOGL 444.30 458.28 441.00 455.03 15.2M
Bristol-Myers Squibb BMY 21.60 22.02 21.54 21.98 14.6M
ConocoPhillips COP 81.45 82.93 81.39 82.81 14.1M
Verizon Communications VZ 35.43 35.98 35.28 35.85 14M
HP Inc. HPQ 46.46 47.24 46.34 47.10 12.9M
Johnson & Johnson JNJ 65.79 65.91 65.13 65.70 12.6M
Home Depot HD 28.05 28.22 27.65 28.02 12.1M
Chevron CVX 90.50 92.08 90.18 91.93 11.9M
UnitedHealth Group UNH 37.04 37.27 35.76 35.80 11.7M
Coca-Cola KO 61.76 61.84 60.54 61.15 11.6M
Walt Disney & Co. DIS 30.01 30.38 29.82 30.32 10.6M
Schlumberger SLB 91.98 95.00 90.89 94.80 9.44M
Amgen AMGN 43.31 43.43 43.05 43.41 8.07M
Gilead Sciences GILD 51.37 52.15 51.00 51.80 7.88M
Pepsico PEP 71.48 71.68 70.39 71.11 7.59M
McDonald's MCD 56.22 57.20 55.70 57.18 7.44M
Amazon AMZN 73.21 75.00 72.94 74.59 6.75M
United Technologies UTX 71.50 73.23 71.15 72.63 6.43M
Visa V 65.00 66.95 64.56 66.14 6.28M
Union Pacific UNP 132.21 137.03 132.21 136.57 5.63M
3M MMM 79.27 81.19 79.12 80.69 5.28M
Boeing BA 76.31 76.92 75.64 76.67 4.9M
Berkshire Hathaway BRK.B 4300.00 4320.00 4291.00 4320.00 18.1K
Exchange Rates of April 16, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.780 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.001 CAD 1 CAD = 1.000 USD
US Dollar Swiss Franc 1 USD = 1.000 CHF 1 CHF = 1.000 USD
US Dollar Chinese Yuan 1 USD = 6.992 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 162.270 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.808 GBP 1 GBP = 1.238 EUR
Euro Australian Dollar 1 EUR = 1.697 AUD 1 AUD = 0.589 EUR
Euro Canadian Dollar 1 EUR = 1.595 CAD 1 CAD = 0.627 EUR
Euro Swiss Franc 1 EUR = 1.594 CHF 1 CHF = 0.627 EUR
Japanese Yen Pound Sterling 1 JPY = 0.498 GBP 1 GBP = 2.009 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.983 CAD 1 CAD = 1.018 JPY
Japanese Yen Swiss Franc 1 JPY = 0.982 CHF 1 CHF = 1.018 JPY
Pound Sterling Australian Dollar 1 GBP = 2.100 AUD 1 AUD = 0.476 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.974 CAD 1 CAD = 0.507 GBP
Pound Sterling Swiss Franc 1 GBP = 1.973 CHF 1 CHF = 0.507 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.939 CAD 1 CAD = 1.065 AUD
Australian Dollar Swiss Franc 1 AUD = 0.939 CHF 1 CHF = 1.065 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.999 CHF 1 CHF = 1.001 CAD

See what else happened on April 16, 2008