Financial news on April 16th, 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-√Čtienne this month, as embedded financial obligations began to blow up. Read more..

By ALAN KATZ - International Herald Tribune

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

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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.4419.4518.6518.97172M
JPMorgan ChaseJPM47.6747.7545.1445.55121M
Wells Fargo & Co.WFC33.2133.2531.6632.5689.8M
Cisco SystemsCSCO27.1527.4426.7926.9868.5M
Oracle Corp.ORCL26.0926.3725.9125.9542.3M
AT&T Inc.T26.2026.3525.9125.9332M
Home DepotHD34.9935.0834.7135.0128.5M
Verizon CommunicationsVZ29.4929.7829.4829.5826.3M
Wal-Mart StoresWMT54.1154.5953.8454.1119.2M
Abbott LaboratoriesABT52.2452.4652.0252.2616.6M
Bristol-Myers SquibbBMY25.2725.5625.2025.4816.4M
Johnson & JohnsonJNJ65.3465.6564.8965.0215.7M
HP Inc.HPQ54.0554.7553.5353.7515.6M
UnitedHealth GroupUNH30.5431.1130.3430.7315.4M
Procter & GamblePG62.8063.4962.6362.8512.6M
Walt Disney & Co.DIS36.2236.5135.6835.8312.3M
Berkshire HathawayBRK.B79.8580.2375.5278.7212.1M
International Business MachinesIBM130.68132.17130.25130.639.55M
Gilead SciencesGILD45.2845.8845.2545.709.4M
United TechnologiesUTX74.6674.7873.2173.697.57M
Union PacificUNP76.9877.1574.3975.954.29M
Exchange Rates of April 16th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.160 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.013 CAD1 CAD = 0.987 USD
US DollarSwiss Franc1 USD = 1.061 CHF1 CHF = 0.942 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.440 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.879 GBP1 GBP = 1.138 EUR
EuroAustralian Dollar1 EUR = 1.461 AUD1 AUD = 0.685 EUR
EuroCanadian Dollar1 EUR = 1.368 CAD1 CAD = 0.731 EUR
EuroSwiss Franc1 EUR = 1.433 CHF1 CHF = 0.698 EUR
EuroChinese Yuan1 EUR = 9.216 CNY1 CNY = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.706 GBP1 GBP = 1.416 JPY
Japanese YenAustralian Dollar1 JPY = 1.173 AUD1 AUD = 0.853 JPY
Japanese YenCanadian Dollar1 JPY = 1.099 CAD1 CAD = 0.910 JPY
Japanese YenSwiss Franc1 JPY = 1.151 CHF1 CHF = 0.869 JPY
Pound SterlingAustralian Dollar1 GBP = 1.662 AUD1 AUD = 0.602 GBP
Pound SterlingCanadian Dollar1 GBP = 1.556 CAD1 CAD = 0.643 GBP
Pound SterlingSwiss Franc1 GBP = 1.630 CHF1 CHF = 0.613 GBP
Pound SterlingChinese Yuan1 GBP = 10.474 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.936 CAD1 CAD = 1.068 AUD
Australian DollarSwiss Franc1 AUD = 0.981 CHF1 CHF = 1.019 AUD
Australian DollarChinese Yuan1 AUD = 6.307 CNY1 CNY = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 1.048 CHF1 CHF = 0.955 CAD
Canadian DollarChinese Yuan1 CAD = 6.738 CNY1 CNY = 0.148 CAD
Swiss FrancChinese Yuan1 CHF = 6.427 CNY1 CNY = 0.156 CHF

See what else happened on April 16th, 2010