Financial news on April 18, 2012
Business and Financial news
Citi's shareholders revolt over executive pay; our unquenchable thirst for wireless data; some surprising details in Sony's bid to take over EMI Music Publishing. Read more..
Vivian Marino 30-Minute Interview with David Kramer, principal of the Hudson Companies, which specializes in urban development; company builds market-rate, affordable and institutional housing, including projects on Roosevelt Island and in Brooklyn. Read more..
Issues that dogged heart device makers seven years ago are resurfacing over a problem with a defibrillator wire made by St. Jude Medical. Read more..
Vornado Realty Trust seeks to assure shareholders concerned about its vast, possibly unwieldy portfolio by promising to consider a wide range of remedies for fixing the company, including shrinking its size or splitting in two. Read more..
The central bank reduced the repo rate by 0.5 percent amid worries that a slowing economy might be more dangerous than inflation. Read more..
LeFrak Organization has plans to develop an office project in the Newport neighborhood of Jersey City, but says the prospective tenant will determine its size and what will be built; project could add up to 1.25 million square feet of office space to a nine-acre pier on the southern edge. Read more..
Greenpeace report says that the infrastructure that supports the Internet, online commerce and nearly all corporate data services is increasingly moving facilities to regions where the main sources of energy are coal and nuclear power in a relentless drive for cheap energy prices; singles out Apple as one of the movement's leaders in the use of nonrenewable sources. Read more..
Johnson & Johnson says efforts to fix manufacturing problems at its plants are taking longer than expected, meaning that some popular over-the-counter consumer brands, including Children's Tylenol and Pepcid Complete, may not return to store shelves until 2013. Read more..
IBM's first-quarter results follow a familiar pattern for the company, easily surpassing Wall Street's expectations, but sales were flat; first-quarter net income rose 7 percent, to $3.07 billion; revenue was stagnant, at $24.67 billion, falling short of analysts’ forecast of $24.8 billion. Read more..
Yahoo reports an uptick in revenue, representing its first quarterly sales growth in three years; reports net income of $286 million, or 23 cents a share, in the three months ending March 31, versus $223 million, or 17 cents a share, in the year-earlier period. Read more..
Values are reported in US Dollars
|Johnson & Johnson||JNJ||63.90||63.92||63.12||63.26||20.6M|
|Wells Fargo & Co.||WFC||33.46||33.74||33.33||33.57||19.7M|
|International Business Machines||IBM||202.43||204.07||200.00||200.13||10.2M|
|Procter & Gamble||PG||66.93||67.20||66.73||66.75||6.08M|
|Walt Disney & Co.||DIS||42.48||42.61||42.32||42.49||3.78M|
Exchange Rates of April 18, 2012
|US Dollar||Japanese Yen||1 USD = 81.280 JPY||1 JPY = 0.012 USD|
|US Dollar||Canadian Dollar||1 USD = 0.991 CAD||1 CAD = 1.009 USD|
|US Dollar||Swiss Franc||1 USD = 0.916 CHF||1 CHF = 1.092 USD|
|US Dollar||Chinese Yuan||1 USD = 6.303 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 106.630 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.819 GBP||1 GBP = 1.221 EUR|
|Euro||Australian Dollar||1 EUR = 1.266 AUD||1 AUD = 0.790 EUR|
|Euro||Canadian Dollar||1 EUR = 1.300 CAD||1 CAD = 0.769 EUR|
|Euro||Swiss Franc||1 EUR = 1.202 CHF||1 CHF = 0.832 EUR|
|Euro||Chinese Yuan||1 EUR = 8.271 CNY||1 CNY = 0.121 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.768 GBP||1 GBP = 1.303 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.187 AUD||1 AUD = 0.842 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.219 CAD||1 CAD = 0.821 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.127 CHF||1 CHF = 0.887 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.546 AUD||1 AUD = 0.647 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.587 CAD||1 CAD = 0.630 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.467 CHF||1 CHF = 0.682 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.100 CNY||1 CNY = 0.099 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.026 CAD||1 CAD = 0.974 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.949 CHF||1 CHF = 1.054 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.525 CNY||1 CNY = 0.153 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.924 CHF||1 CHF = 1.082 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.357 CNY||1 CNY = 0.157 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.881 CNY||1 CNY = 0.145 CHF|