Financial news on April 16, 2010

Business and Financial news
Analyst Raises Possibility of German Exit From Euro Zone

Germany might consider exiting monetary union in coming years to protect price stability as the Greek crisis threatens to turn the euro area into a region of “fiscal profligacy,” Morgan Stanley said. Read more..

By DEALBOOK - The New York Times

Book Review: ‘The Big Short’ and ‘The End of Wall Street’

Eighteen months after the failure of Lehman Brothers, writers seeking to make sense of the debacle have had their say. But two late-comers to the party, Roger Lowenstein and Michael Lewis, have produced books original and elegant enough to stand out from the crowd, Daniel Gross writes in his review of “The End of Wall Street” and “The Big Short.” Read more..

By DEALBOOK - The New York Times

Bove: Time to Clean House at Goldman

The outspoken banking analyst Richard X. Bove wants the leaders of Goldman Sachs to “fall on their swords” after the firm was accused of securities fraud. Read more..

By DEALBOOK - The New York Times

Cuomo’s Pension Inquiry Extends to DiNapoli

The sprawling investigation into the state pension fund has reached the office of the current state comptroller, Thomas P. DiNapoli, The New York Times reported. Read more..

By DEALBOOK - The New York Times

Genzyme Drug Shortage Leaves Users Feeling Betrayed

Production problems with two drugs for rare inherited diseases have left patients in pain and may have led to one death. Read more..

By ANDREW POLLACK - The New York Times

In Sickness and in Wealth, Sweethearts in Crime

The number of married couples caught engaging in insider trading, stock manipulation or running a Ponzi scheme appears to be on the rise, Reuters writes. Read more..

By DEALBOOK - The New York Times

Thomas Cook Raises $1 Billion Through Bond Issues

Thomas Cook, Europe’s second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes, Reuters reported. Read more..

By DEALBOOK - The New York Times

Towns in Europe Learn About Swaps the Hard Way

The worst global financial crisis in 70 years arrived in Saint-Étienne this month, as embedded financial obligations began to blow up, Bloomberg News reports. A bill came due for 1.18 million euros, or $1.6 million, owed to Deutsche Bank under a contract that initially saved the French city money. Read more..

By DEALBOOK - The New York Times

Towns in Europe Learn About Swaps the Hard Way

The worst global financial crisis in 70 years arrived in Saint-√Čtienne this month, as embedded financial obligations began to blow up. Read more..

By ALAN KATZ - International Herald Tribune

Venture Capitalists Continue to Take It Slow

The venture capital industry seems to need a bit longer to recover after last year, when Silicon Valley froze in response to the economic uncertainty. Though there have been some recent signs of a thaw, and a sense of new activity and optimism in the Valley, it turns out that investment in start-ups in the first quarter was down. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 19.44 19.45 18.65 18.97 172M
JPMorgan Chase JPM 47.67 47.75 45.14 45.55 121M
Intel INTC 24.06 24.16 23.77 23.92 103M
Wells Fargo & Co. WFC 33.21 33.25 31.66 32.56 89.8M
Microsoft MSFT 30.79 30.98 30.60 30.67 88.7M
Pfizer PFE 16.98 17.01 16.80 16.80 75.5M
Cisco Systems CSCO 27.15 27.44 26.79 26.98 68.5M
Oracle Corp. ORCL 26.09 26.37 25.91 25.95 42.3M
ExxonMobil XOM 68.12 68.70 67.71 67.93 33.9M
AT&T Inc. T 26.20 26.35 25.91 25.93 32M
Home Depot HD 34.99 35.08 34.71 35.01 28.5M
Comcast CMCSA 18.84 18.86 18.26 18.32 27.1M
Apple AAPL 248.57 251.14 244.55 247.40 26.8M
Verizon Communications VZ 29.49 29.78 29.48 29.58 26.3M
Alphabet GOOGL 563.00 568.81 549.63 550.15 24.4M
Merck MRK 35.99 36.17 35.37 35.71 20.6M
Wal-Mart Stores WMT 54.11 54.59 53.84 54.11 19.2M
Coca-Cola KO 54.23 55.14 54.17 54.97 17.5M
ConocoPhillips COP 56.82 57.07 55.54 56.05 17.4M
Abbott Laboratories ABT 52.24 52.46 52.02 52.26 16.6M
Bristol-Myers Squibb BMY 25.27 25.56 25.20 25.48 16.4M
Altria MO 21.02 21.16 20.75 20.87 15.9M
Johnson & Johnson JNJ 65.34 65.65 64.89 65.02 15.7M
HP Inc. HPQ 54.05 54.75 53.53 53.75 15.6M
UnitedHealth Group UNH 30.54 31.11 30.34 30.73 15.4M
Chevron CVX 81.46 81.90 80.28 80.75 12.9M
Procter & Gamble PG 62.80 63.49 62.63 62.85 12.6M
Walt Disney & Co. DIS 36.22 36.51 35.68 35.83 12.3M
Berkshire Hathaway BRK.B 79.85 80.23 75.52 78.72 12.1M
Schlumberger SLB 66.46 67.16 64.86 65.80 11.3M
International Business Machines IBM 130.68 132.17 130.25 130.63 9.55M
Gilead Sciences GILD 45.28 45.88 45.25 45.70 9.4M
Amazon AMZN 144.88 147.17 141.45 142.17 8.4M
Boeing BA 72.10 72.10 69.88 70.79 8.07M
McDonald's MCD 69.11 69.28 68.33 69.03 7.88M
United Technologies UTX 74.66 74.78 73.21 73.69 7.57M
Pepsico PEP 66.01 66.65 65.96 66.14 7.37M
Amgen AMGN 60.68 61.06 60.04 60.72 7.32M
3M MMM 84.70 84.95 83.20 83.76 5.34M
Visa V 94.08 94.91 92.80 93.85 4.69M
Union Pacific UNP 76.98 77.15 74.39 75.95 4.29M
Exchange Rates of April 16, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 92.160 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.013 CAD 1 CAD = 0.987 USD
US Dollar Swiss Franc 1 USD = 1.061 CHF 1 CHF = 0.942 USD
US Dollar Chinese Yuan 1 USD = 6.826 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 124.440 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.879 GBP 1 GBP = 1.138 EUR
Euro Australian Dollar 1 EUR = 1.461 AUD 1 AUD = 0.685 EUR
Euro Canadian Dollar 1 EUR = 1.368 CAD 1 CAD = 0.731 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 9.216 CNY 1 CNY = 0.109 EUR
Japanese Yen Pound Sterling 1 JPY = 0.706 GBP 1 GBP = 1.416 JPY
Japanese Yen Australian Dollar 1 JPY = 1.173 AUD 1 AUD = 0.853 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.099 CAD 1 CAD = 0.910 JPY
Japanese Yen Swiss Franc 1 JPY = 1.151 CHF 1 CHF = 0.869 JPY
Pound Sterling Australian Dollar 1 GBP = 1.662 AUD 1 AUD = 0.602 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.556 CAD 1 CAD = 0.643 GBP
Pound Sterling Swiss Franc 1 GBP = 1.630 CHF 1 CHF = 0.613 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.474 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.936 CAD 1 CAD = 1.068 AUD
Australian Dollar Swiss Franc 1 AUD = 0.981 CHF 1 CHF = 1.019 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.307 CNY 1 CNY = 0.159 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.048 CHF 1 CHF = 0.955 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.738 CNY 1 CNY = 0.148 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.427 CNY 1 CNY = 0.156 CHF

See what else happened on April 16, 2010