Financial news on April 18, 2008

Business and Financial news
Bottle Maker to Stop Using Plastic Linked to Health Concerns

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..

By IAN AUSTEN - The New York Times

Britain Said to Consider Shoring Up Debt Market

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..

By JULIA WERDIGIER - The New York Times

Citigroup Records a Loss and Plans 9,000 Layoffs

The results contained few surprises, and investors responded to the bank’s $5.1 billion loss by pushing markets sharply higher. Read more..

By ERIC DASH - The New York Times

Inquiries Into Auction-Rate Securities Widen

The attorney general of New York, Andrew M. Cuomo, has subpoenaed 18 banks that underwrote and brokered the investments. Read more..

By VIKAS BAJAJ - The New York Times

JPMorgan Joins Rivals in Raising Extra Cash

Hours after reporting its worst results in years on Wednesday, JPMorgan Chase quietly disclosed plans to raise $6 billion in expensive debt. Read more..

By ERIC DASH - The New York Times

Linens ’n Things Is Shopping for a Buyer

Linens ’n Things, the troubled housewares and bedding chain, has hired Financo, an investment bank specializing in retail companies. Read more..

By MICHAEL J. DE LA MERCED and MICHAEL BARBARO - The New York Times

Longtime Executive Steps Aside at Sony BMG

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..

By JEFF LEEDS and ROBERT LEVINE - The New York Times

Take-Two’s Managers Get a Raise

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..

By MATT RICHTEL - The New York Times

Times Co. Records Small Loss for Quarter

The New York Times Company reported a $335,000 first-quarter loss on Thursday. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Workers Get Fewer Hours, Deepening the Downturn

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..

By PETER S. GOODMAN - The New York Times

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 18, 2008
CurrenciesExchange 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 18, 2008