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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19,2319,3419,0419,1033.3M
Cisco SystemsCSCO19,9520,1519,8820,0627.6M
Oracle Corp.ORCL29,1329,3529,1029,1321.2M
Johnson & JohnsonJNJ63,9063,9263,1263,2620.6M
JPMorgan ChaseJPM43,6243,9143,2743,2920.2M
Wells Fargo & Co.WFC33,4633,7433,3333,5719.7M
HP Inc.HPQ24,5625,0824,5224,9318.1M
Abbott LaboratoriesABT60,5161,0659,7560,4615.9M
AT&T Inc.T30,7530,8530,6630,7512.9M
International Business MachinesIBM202,43204,07200,00200,1310.2M
Bristol-Myers SquibbBMY33,3333,7033,2233,5710M
Verizon CommunicationsVZ37,5337,7437,5137,668.14M
Wal-Mart StoresWMT61,5562,2561,5562,067.96M
Home DepotHD51,8651,9651,5051,817.05M
UnitedHealth GroupUNH57,7057,7057,1157,326.55M
General MotorsGM23,8724,2923,7524,156.25M
Procter & GamblePG66,9367,2066,7366,756.08M
Gilead SciencesGILD46,6447,1346,3446,615.75M
Berkshire HathawayBRK.B79,9080,2379,6579,745.47M
Walt Disney & Co.DIS42,4842,6142,3242,493.78M
Union PacificUNP109,25110,48108,75109,653M
United TechnologiesUTX80,9681,4580,8581,202.6M
Exchange Rates of April 18, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81,280 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 0,991 CAD1 CAD = 1,009 USD
US DollarSwiss Franc1 USD = 0,916 CHF1 CHF = 1,092 USD
US DollarChinese Yuan1 USD = 6,303 CNY1 CNY = 0,159 USD
EuroJapanese Yen1 EUR = 106,630 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,819 GBP1 GBP = 1,221 EUR
EuroAustralian Dollar1 EUR = 1,266 AUD1 AUD = 0,790 EUR
EuroCanadian Dollar1 EUR = 1,300 CAD1 CAD = 0,769 EUR
EuroSwiss Franc1 EUR = 1,202 CHF1 CHF = 0,832 EUR
EuroChinese Yuan1 EUR = 8,271 CNY1 CNY = 0,121 EUR
Japanese YenPound Sterling1 JPY = 0,768 GBP1 GBP = 1,303 JPY
Japanese YenAustralian Dollar1 JPY = 1,187 AUD1 AUD = 0,842 JPY
Japanese YenCanadian Dollar1 JPY = 1,219 CAD1 CAD = 0,821 JPY
Japanese YenSwiss Franc1 JPY = 1,127 CHF1 CHF = 0,887 JPY
Pound SterlingAustralian Dollar1 GBP = 1,546 AUD1 AUD = 0,647 GBP
Pound SterlingCanadian Dollar1 GBP = 1,587 CAD1 CAD = 0,630 GBP
Pound SterlingSwiss Franc1 GBP = 1,467 CHF1 CHF = 0,682 GBP
Pound SterlingChinese Yuan1 GBP = 10,100 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 1,026 CAD1 CAD = 0,974 AUD
Australian DollarSwiss Franc1 AUD = 0,949 CHF1 CHF = 1,054 AUD
Australian DollarChinese Yuan1 AUD = 6,525 CNY1 CNY = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,924 CHF1 CHF = 1,082 CAD
Canadian DollarChinese Yuan1 CAD = 6,357 CNY1 CNY = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 6,881 CNY1 CNY = 0,145 CHF

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