Financial news on April 19, 2010
Business and Financial news
Client assignments, executive appointments and other news of the advertising industry. Read more..
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..
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..
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..
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..
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..
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..
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..
Economists are considering when and to what extent the extra costs companies are incurring will start to damage Europe’s economy. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.62||33.26||32.13||33.02||54.9M|
|Johnson & Johnson||JNJ||65.06||66.10||65.06||66.03||14.6M|
|International Business Machines||IBM||130.38||132.28||130.38||132.23||11.4M|
|Walt Disney & Co.||DIS||35.80||36.17||35.58||36.17||9.84M|
|Procter & Gamble||PG||62.82||63.25||62.70||63.22||9.55M|
Exchange Rates of April 19, 2010
|US Dollar||Japanese Yen||1 USD = 92.420 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.015 CAD||1 CAD = 0.986 USD|
|US Dollar||Swiss Franc||1 USD = 1.063 CHF||1 CHF = 0.941 USD|
|US Dollar||Chinese Yuan||1 USD = 6.827 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 124.680 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.880 GBP||1 GBP = 1.137 EUR|
|Euro||Australian Dollar||1 EUR = 1.458 AUD||1 AUD = 0.686 EUR|
|Euro||Canadian Dollar||1 EUR = 1.369 CAD||1 CAD = 0.731 EUR|
|Euro||Swiss Franc||1 EUR = 1.434 CHF||1 CHF = 0.697 EUR|
|Euro||Chinese Yuan||1 EUR = 9.209 CNY||1 CNY = 0.109 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.705 GBP||1 GBP = 1.418 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.168 AUD||1 AUD = 0.856 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.097 CAD||1 CAD = 0.911 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.150 CHF||1 CHF = 0.870 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.657 AUD||1 AUD = 0.604 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.556 CAD||1 CAD = 0.643 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.630 CHF||1 CHF = 0.613 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.461 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.939 CAD||1 CAD = 1.065 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.984 CHF||1 CHF = 1.017 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.319 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.047 CHF||1 CHF = 0.955 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.728 CNY||1 CNY = 0.149 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.422 CNY||1 CNY = 0.156 CHF|