Financial news on April 16, 2008
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
Many say the $611 million publicly financed stadium for the Washington Nationals has accelerated a striking change in a long-languishing area. Read more..
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..
Hedge fund managers are making money on a scale that once seemed unimaginable, even on Wall Street. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||29.97||30.34||28.49||29.01||69.8M|
|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|
|Johnson & Johnson||JNJ||65.79||65.91||65.13||65.70||12.6M|
|Walt Disney & Co.||DIS||30.01||30.38||29.82||30.32||10.6M|
Exchange Rates of April 16, 2008
|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|