Financial news on April 19, 2012

Business and Financial news
Ambitious Photo Tools That Won’t Make You Feel Dumb

Bob Tedeschi App Smart column highlights apps for creating and sharing entire photo albums. Read more..

By BOB TEDESCHI - The New York Times

Bank of New York Mellon Earnings Slip

Bank of New York Mellon reports first-quarter profit of $619 million, or 52 cents a share, down 1 percent from $625 million, or 50 cents a share, in year-ago quarter. Read more..

By BLOOMBERG NEWS - The New York Times

Enjoying Turntables Without Obsessing

Turntable sales are growing as more people buy them to play vinyl record albums; how they work and different models are highlighted. Read more..

By ROY FURCHGOTT - The New York Times

Forsaking Investment Banking to Turn Around a Family Business

Interview with Newark Nut Co chief Jeffrey Braverman features him discussing leaving Wall Street career to increase the family business's Internet sales. Read more..

By IAN MOUNT - The New York Times

Halliburton Earnings Up Despite Gulf Spill Charge

Halliburton reports first-quarter profit of $627 million, or 68 cents a share, up 22.7 percent from $511 million, or 56 cents a share, in year-ago quarter; revenue rose 30 percent to $6.87 billion. Read more..


In Spain, Euro Rescue Fund May Face Its Biggest Test

Concern over the health of Spain’s banks is fueling speculation that, for the first time, the euro zone's bailout fund might be needed to help recapitalize the financial institutions of a big country; analyst views differ sharply. Read more..

By STEPHEN CASTLE - The New York Times

Need Research on Generation Y? There’s a Film for That

Stuart Elliott Advertising column notes that NBCUniversal has created Curve Films, which will produce movies that deliver research data and other information to potential marketers. Read more..

By STUART ELLIOTT - The New York Times

PayPal Strength Helps eBay Exceed Forecasts

EBay posts higher revenue and net income because of a sustained turnaround of its Internet marketplace and the soaring popularity of the PayPal online payment system; first-quarter profit was $570 million, or 44 cents a share, up 20 percent from year-ago quarter; revenue rose 29 percent to $3.3 billion. Read more..

By SOMINI SENGUPTA - The New York Times

Qualcomm Beats Forecast, but Strains to Get Chips

Qualcomm reports fiscal second-quarter profit of $2.23 billion, or $1.28 a share, compared with $999 million, or 59 cents a share, in year-ago quarter; revenue rose 28 percent to $4.94 billion. Read more..

By BLOOMBERG NEWS - The New York Times

Shares Dip After Letdowns From 2 Bellwethers

Stock prices slip as IBM misses its revenue forecast and Intel's results do not impress investors. Read more..

By REUTERS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.1719.2518.9719.1452.2M
Gilead SciencesGILD54.4554.7551.6052.2536M
Cisco SystemsCSCO20.0220.3119.7819.9134.6M
Oracle Corp.ORCL28.9929.4628.6729.0126.5M
JPMorgan ChaseJPM43.4443.6942.7743.2226M
Wells Fargo & Co.WFC33.7033.7732.8933.1225.4M
Bristol-Myers SquibbBMY34.7235.0033.8033.9323.5M
Abbott LaboratoriesABT59.8259.8959.0459.5122.9M
Verizon CommunicationsVZ38.1238.6037.9538.1518.5M
HP Inc.HPQ24.8625.1524.4824.7118.1M
AT&T Inc.T30.7930.8830.6030.7416.7M
Johnson & JohnsonJNJ63.2263.5462.7663.0315.2M
General MotorsGM24.0924.8723.8724.0111.2M
Home DepotHD51.8051.9751.2951.5610.9M
UnitedHealth GroupUNH57.2859.3556.9958.7110.8M
Procter & GamblePG66.8866.9166.2366.577.72M
Union PacificUNP107.27110.34104.34105.707.28M
Walt Disney & Co.DIS42.4342.5141.8042.087.07M
Wal-Mart StoresWMT61.9662.0561.4761.756.38M
International Business MachinesIBM200.03201.26197.52199.515.76M
Berkshire HathawayBRK.B79.7780.0378.7579.284.47M
United TechnologiesUTX81.0981.5880.0080.402.66M
Exchange Rates of April 19, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.590 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.995 CAD1 CAD = 1.005 USD
US DollarSwiss Franc1 USD = 0.915 CHF1 CHF = 1.093 USD
US DollarChinese Yuan1 USD = 6.304 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 107.160 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.818 GBP1 GBP = 1.222 EUR
EuroAustralian Dollar1 EUR = 1.271 AUD1 AUD = 0.787 EUR
EuroCanadian Dollar1 EUR = 1.307 CAD1 CAD = 0.765 EUR
EuroSwiss Franc1 EUR = 1.202 CHF1 CHF = 0.832 EUR
EuroChinese Yuan1 EUR = 8.281 CNY1 CNY = 0.121 EUR
Japanese YenPound Sterling1 JPY = 0.763 GBP1 GBP = 1.311 JPY
Japanese YenAustralian Dollar1 JPY = 1.185 AUD1 AUD = 0.844 JPY
Japanese YenCanadian Dollar1 JPY = 1.219 CAD1 CAD = 0.821 JPY
Japanese YenSwiss Franc1 JPY = 1.121 CHF1 CHF = 0.892 JPY
Pound SterlingAustralian Dollar1 GBP = 1.553 AUD1 AUD = 0.644 GBP
Pound SterlingCanadian Dollar1 GBP = 1.597 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.469 CHF1 CHF = 0.681 GBP
Pound SterlingChinese Yuan1 GBP = 10.120 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 1.028 CAD1 CAD = 0.973 AUD
Australian DollarSwiss Franc1 AUD = 0.946 CHF1 CHF = 1.058 AUD
Australian DollarChinese Yuan1 AUD = 6.516 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.919 CHF1 CHF = 1.088 CAD
Canadian DollarChinese Yuan1 CAD = 6.334 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.888 CNY1 CNY = 0.145 CHF

See what else happened on April 19, 2012