Financial news on April 18th, 2008
Business and Financial news
Nalgene, the brand that popularized water bottles made from clear and nearly unbreakable polycarbonate, will stop using the plastic because of concern over one of its ingredients. Read more..
The Bank of England and the British government are considering actions that would mirror steps taken by the United States Fed to restore liquidity to the money markets. Read more..
The results contained few surprises, and investors responded to the bank’s $5.1 billion loss by pushing markets sharply higher. Read more..
The attorney general of New York, Andrew M. Cuomo, has subpoenaed 18 banks that underwrote and brokered the investments. Read more..
Hours after reporting its worst results in years on Wednesday, JPMorgan Chase quietly disclosed plans to raise $6 billion in expensive debt. Read more..
Linens ’n Things, the troubled housewares and bedding chain, has hired Financo, an investment bank specializing in retail companies. Read more..
In a shake-up that reflects the end of an era, Sony BMG Music said Thursday that the longtime industry executive Clive Davis would relinquish daily control of his label, the RCA Music Group. Read more..
The managers’ raises were part of a compensation package that would grow considerably should the video game company be acquired by Electronic Arts. Read more..
The New York Times Company reported a $335,000 first-quarter loss on Thursday. Read more..
The shrinking of hours and pay for millions of workers appears to be a bigger contributor to the economic decline than the loss of jobs. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 29.99 | 30.10 | 29.61 | 30.00 | 73.7M |
General Electric | GE | 32.41 | 32.97 | 32.27 | 32.69 | 72M |
Intel | INTC | 22.49 | 22.63 | 22.23 | 22.55 | 68.3M |
Pfizer | PFE | 20.59 | 20.61 | 20.30 | 20.47 | 56.6M |
Cisco Systems | CSCO | 24.50 | 24.80 | 24.21 | 24.51 | 55.2M |
Oracle Corp. | ORCL | 21.50 | 21.93 | 21.23 | 21.80 | 47.2M |
Wells Fargo & Co. | WFC | 30.63 | 31.04 | 30.25 | 30.40 | 37.9M |
Apple | AAPL | 159.04 | 162.26 | 158.38 | 161.04 | 36.7M |
Alphabet | GOOGL | 535.00 | 547.70 | 524.77 | 539.41 | 36.4M |
JPMorgan Chase | JPM | 46.39 | 46.86 | 45.42 | 45.76 | 31.4M |
Abbott Laboratories | ABT | 51.29 | 51.52 | 50.49 | 50.72 | 28.2M |
Visa | V | 68.10 | 70.45 | 67.20 | 69.00 | 26M |
ExxonMobil | XOM | 93.36 | 94.45 | 92.93 | 94.00 | 25.9M |
Merck | MRK | 39.16 | 40.13 | 39.00 | 39.76 | 25.9M |
AT&T Inc. | T | 37.88 | 38.10 | 37.44 | 37.51 | 25.4M |
Schlumberger | SLB | 93.25 | 101.91 | 92.68 | 101.85 | 24.2M |
Wal-Mart Stores | WMT | 56.99 | 57.36 | 56.14 | 56.31 | 19.7M |
Procter & Gamble | PG | 67.94 | 68.00 | 66.86 | 67.17 | 18.3M |
Altria | MO | 21.95 | 22.16 | 21.76 | 22.10 | 18.1M |
Comcast | CMCSA | 20.54 | 20.57 | 20.24 | 20.28 | 17.8M |
Amazon | AMZN | 76.42 | 82.00 | 76.32 | 80.10 | 16.8M |
HP Inc. | HPQ | 47.82 | 48.50 | 47.73 | 48.18 | 16.7M |
Verizon Communications | VZ | 36.38 | 36.79 | 35.89 | 36.03 | 14.3M |
ConocoPhillips | COP | 83.15 | 84.00 | 82.43 | 83.89 | 14.2M |
Home Depot | HD | 28.21 | 28.88 | 28.21 | 28.68 | 12.7M |
International Business Machines | IBM | 123.85 | 125.00 | 123.15 | 124.40 | 12.5M |
Walt Disney & Co. | DIS | 30.85 | 31.55 | 30.85 | 31.33 | 11.5M |
Coca-Cola | KO | 60.76 | 61.08 | 59.65 | 60.11 | 11.1M |
Johnson & Johnson | JNJ | 66.50 | 66.80 | 65.94 | 66.51 | 10.7M |
Gilead Sciences | GILD | 51.00 | 51.90 | 50.10 | 51.76 | 10.2M |
Chevron | CVX | 91.76 | 93.32 | 91.70 | 93.18 | 10.2M |
Bristol-Myers Squibb | BMY | 21.81 | 22.13 | 21.71 | 22.10 | 9.98M |
UnitedHealth Group | UNH | 36.84 | 37.44 | 36.05 | 37.25 | 9.06M |
Pepsico | PEP | 71.55 | 71.59 | 69.86 | 70.60 | 8.11M |
Amgen | AMGN | 43.34 | 43.39 | 42.73 | 43.07 | 7.9M |
United Technologies | UTX | 72.13 | 72.61 | 71.19 | 72.51 | 7.03M |
McDonald's | MCD | 57.56 | 58.47 | 57.55 | 58.30 | 6.76M |
Boeing | BA | 77.50 | 79.10 | 77.50 | 78.66 | 6.74M |
3M | MMM | 81.84 | 83.22 | 81.17 | 82.90 | 4.72M |
Union Pacific | UNP | 136.81 | 138.82 | 136.81 | 138.08 | 3.47M |
Berkshire Hathaway | BRK.B | 4305.00 | 4305.00 | 4278.00 | 4288.00 | 22.3K |
Exchange Rates of April 18th, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 103.670 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 1.004 CAD | 1 CAD = 0.996 USD |
US Dollar | Swiss Franc | 1 USD = 1.018 CHF | 1 CHF = 0.983 USD |
US Dollar | Chinese Yuan | 1 USD = 6.994 CNY | 1 CNY = 0.143 USD |
Euro | Japanese Yen | 1 EUR = 163.980 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.792 GBP | 1 GBP = 1.263 EUR |
Euro | Australian Dollar | 1 EUR = 1.692 AUD | 1 AUD = 0.591 EUR |
Euro | Canadian Dollar | 1 EUR = 1.588 CAD | 1 CAD = 0.630 EUR |
Euro | Swiss Franc | 1 EUR = 1.610 CHF | 1 CHF = 0.621 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.482 GBP | 1 GBP = 2.073 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.031 AUD | 1 AUD = 0.970 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.968 CAD | 1 CAD = 1.033 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.982 CHF | 1 CHF = 1.019 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.138 AUD | 1 AUD = 0.468 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.006 CAD | 1 CAD = 0.499 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.033 CHF | 1 CHF = 0.492 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.938 CAD | 1 CAD = 1.066 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.951 CHF | 1 CHF = 1.052 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.014 CHF | 1 CHF = 0.987 CAD |
See what else happened on April 18th, 2008