Financial news on April 18, 2012

Business and Financial news
Business Day Live | April 18, 2012

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..

Mac William Bishop, Nadia Sussman and Pedro Rosado - The New York Times

David Kramer

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..

By VIVIAN MARINO - The New York Times

Device Malfunction Casts Doubt on Industry Pledge

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..

By BARRY MEIER and KATIE THOMAS - The New York Times

In a Shift, Vornado Addresses Investor Concerns

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..

By TERRY PRISTIN - The New York Times

India Cuts Key Rate in Bid to Spur Growth

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..

By BETTINA WASSENER - The New York Times

In Jersey City, a LeFrak Office Project Awaits a Tenant

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..

By C. J. HUGHES - The New York Times

Online Cloud Services Rely on Coal or Nuclear Power, Report Says

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..

By JAMES GLANZ - The New York Times

Popular J.&J. Drugs May Not Return Until 2013

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..

By KATIE THOMAS - The New York Times

Sales Are Stagnant, but I.B.M. Earnings Beat Analysts’ Expectations

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..

By STEVE LOHR - The New York Times

Yahoo Posts An Increase In Revenue

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..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 27.58 28.11 27.46 27.95 72.2M
Microsoft MSFT 31.28 31.31 31.04 31.14 40.6M
Apple AAPL 613.72 620.25 602.71 608.34 34.1M
General Electric GE 19.23 19.34 19.04 19.10 33.3M
Pfizer PFE 22.22 22.60 22.16 22.45 31.5M
Cisco Systems CSCO 19.95 20.15 19.88 20.06 27.6M
Oracle Corp. ORCL 29.13 29.35 29.10 29.13 21.2M
Johnson & Johnson JNJ 63.90 63.92 63.12 63.26 20.6M
JPMorgan Chase JPM 43.62 43.91 43.27 43.29 20.2M
Wells Fargo & Co. WFC 33.46 33.74 33.33 33.57 19.7M
HP Inc. HPQ 24.56 25.08 24.52 24.93 18.1M
Abbott Laboratories ABT 60.51 61.06 59.75 60.46 15.9M
ExxonMobil XOM 85.06 86.05 85.02 85.75 13M
AT&T Inc. T 30.75 30.85 30.66 30.75 12.9M
International Business Machines IBM 202.43 204.07 200.00 200.13 10.2M
Bristol-Myers Squibb BMY 33.33 33.70 33.22 33.57 10M
ConocoPhillips COP 73.32 73.83 73.17 73.29 9.7M
Comcast CMCSA 29.94 30.03 29.80 29.86 9.08M
Verizon Communications VZ 37.53 37.74 37.51 37.66 8.14M
Altria MO 31.51 31.75 31.42 31.66 8.06M
Wal-Mart Stores WMT 61.55 62.25 61.55 62.06 7.96M
Merck MRK 38.44 38.60 38.38 38.40 7.67M
Schlumberger SLB 69.37 70.81 69.27 69.93 7.65M
Home Depot HD 51.86 51.96 51.50 51.81 7.05M
UnitedHealth Group UNH 57.70 57.70 57.11 57.32 6.55M
General Motors GM 23.87 24.29 23.75 24.15 6.25M
Procter & Gamble PG 66.93 67.20 66.73 66.75 6.08M
Coca-Cola KO 73.82 74.35 73.73 74.17 5.89M
Gilead Sciences GILD 46.64 47.13 46.34 46.61 5.75M
Berkshire Hathaway BRK.B 79.90 80.23 79.65 79.74 5.47M
Pepsico PEP 66.10 66.31 66.05 66.21 5.41M
McDonald's MCD 97.02 97.98 97.02 97.34 5.39M
Alphabet GOOGL 608.05 612.80 602.81 607.45 5.33M
Chevron CVX 103.42 103.97 102.85 103.39 4.84M
Amazon AMZN 188.82 193.45 188.74 191.07 4M
Walt Disney & Co. DIS 42.48 42.61 42.32 42.49 3.78M
Union Pacific UNP 109.25 110.48 108.75 109.65 3M
Amgen AMGN 67.35 68.01 67.14 67.15 2.8M
United Technologies UTX 80.96 81.45 80.85 81.20 2.6M
Boeing BA 73.58 74.24 73.47 73.71 2.25M
Visa V 121.61 122.48 121.32 121.78 2.12M
3M MMM 86.90 87.63 86.69 87.13 1.78M
Exchange Rates of April 18, 2012
CurrenciesExchange Rates
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

See what else happened on April 18, 2012