Financial news on April 19th, 2010

Business and Financial news
Accounts, People & Miscellany

Client assignments, executive appointments and other news of the advertising industry. Read more..

By STUART ELLIOTT - The New York Times

A Glare on Goldman, From U.S. and Beyond

Two congressmen urged investigations into possible taxpayer losses related to Goldman deals, and the British prime minister asked his nation’s securities regulator to investigate. Read more..


Airline Merger Talks Renew Skepticism of Tie-Ups

Ever since the airline industry was deregulated more than three decades ago, the nation’s top carriers have operated under a basic premise: bigger is better. But bigger has not quite turned out to be the cure-all, The New York Times writes. Read more..

By DEALBOOK - The New York Times

Brown Accuses Moody’s of ‘Blowing Off’ Inquiry

Attorney General Jerry Brown of California is taking Moody’s Investors Service to court, arguing that it is not cooperating with his investigation of whether the three main credit-rating agencies acted improperly in assigning triple-A ratings to questionable mortgage-backed securities. Read more..

By CYRUS SANATI - The New York Times

Citi Distances Itself From Goldman’s Troubles

Citigroup said Monday that it was “not involved” in the government’s fraud investigation into Goldman Sachs’s subprime mortgage dealings, but the bank once again acknowledged that regulators were looking at its subprime business. Read more..

By CYRUS SANATI - The New York Times

In Shift, Kelly to Chair Citi’s Global Banking

After just 10 months as Citigroup’s top deal maker, Edward J. Kelly III — known as Ned — will be taking on expanded responsibilities as the firm’s chairman of global banking. Read more..

By ERIC DASH - The New York Times

Krugman: Looters in Loafers

If Goldman Sachs is guilty of what the S.E.C. is charging — that the bank created and marketed securities that were deliberately designed to fail so that an important client could make money off that failure — it amounts to white-collar looting, The New York Time’s Paul Krugman wrote in his latest Op-Ed. Read more..

By DEALBOOK - The New York Times

Uralchem Aims for $642 Million London I.P.O.

United Chemical UralChem seeks to raise from $496 to $642 million in an initial public offering of shares in London, not including an over-allotment option, the Russian chemicals company said Monday, Bloomberg News reports. Read more..

By DEALBOOK - The New York Times

Volcanic Ash May Weigh on European Economy

Economists are considering when and to what extent the extra costs companies are incurring will start to damage Europe’s economy. Read more..

By JACK EWING - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.6418.9718.6418.9478.2M
JPMorgan ChaseJPM45.2345.7044.5945.3972.1M
Wells Fargo & Co.WFC32.6233.2632.1333.0254.9M
Cisco SystemsCSCO26.9327.1126.5527.0743.9M
AT&T Inc.T26.0926.4525.9526.3833.3M
Oracle Corp.ORCL25.9826.3025.8726.1927.1M
Bristol-Myers SquibbBMY25.2225.8224.9725.8123.6M
Verizon CommunicationsVZ29.5029.7629.4529.7319M
Abbott LaboratoriesABT52.2653.1352.0752.9118.9M
Home DepotHD34.9235.2734.7435.1717.6M
Johnson & JohnsonJNJ65.0666.1065.0666.0314.6M
UnitedHealth GroupUNH30.5631.6730.5631.2313.5M
International Business MachinesIBM130.38132.28130.38132.2311.4M
Wal-Mart StoresWMT54.0054.4854.0054.3911.3M
HP Inc.HPQ53.4553.7353.0553.6410.7M
Walt Disney & Co.DIS35.8036.1735.5836.179.84M
Procter & GamblePG62.8263.2562.7063.229.55M
Gilead SciencesGILD45.7545.9745.2045.747.02M
Berkshire HathawayBRK.B78.1779.5977.5879.485.15M
United TechnologiesUTX73.4673.8173.0073.765.12M
Union PacificUNP75.7575.9174.7575.393.08M
Exchange Rates of April 19th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.420 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.015 CAD1 CAD = 0.986 USD
US DollarSwiss Franc1 USD = 1.063 CHF1 CHF = 0.941 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.680 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.880 GBP1 GBP = 1.137 EUR
EuroAustralian Dollar1 EUR = 1.458 AUD1 AUD = 0.686 EUR
EuroCanadian Dollar1 EUR = 1.369 CAD1 CAD = 0.731 EUR
EuroSwiss Franc1 EUR = 1.434 CHF1 CHF = 0.697 EUR
EuroChinese Yuan1 EUR = 9.209 CNY1 CNY = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.705 GBP1 GBP = 1.418 JPY
Japanese YenAustralian Dollar1 JPY = 1.168 AUD1 AUD = 0.856 JPY
Japanese YenCanadian Dollar1 JPY = 1.097 CAD1 CAD = 0.911 JPY
Japanese YenSwiss Franc1 JPY = 1.150 CHF1 CHF = 0.870 JPY
Pound SterlingAustralian Dollar1 GBP = 1.657 AUD1 AUD = 0.604 GBP
Pound SterlingCanadian Dollar1 GBP = 1.556 CAD1 CAD = 0.643 GBP
Pound SterlingSwiss Franc1 GBP = 1.630 CHF1 CHF = 0.613 GBP
Pound SterlingChinese Yuan1 GBP = 10.461 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.939 CAD1 CAD = 1.065 AUD
Australian DollarSwiss Franc1 AUD = 0.984 CHF1 CHF = 1.017 AUD
Australian DollarChinese Yuan1 AUD = 6.319 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.047 CHF1 CHF = 0.955 CAD
Canadian DollarChinese Yuan1 CAD = 6.728 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 6.422 CNY1 CNY = 0.156 CHF

See what else happened on April 19th, 2010