Financial news on April 20th, 2010

Business and Financial news
A Candidate Makes an Asset of His Wall Street Past

Harry Wilson, a Republican contender for state comptroller, says New York needs a Wall Street veteran like himself to oversee its $129.4 billion pension fund. Read more..

By DANNY HAKIM - The New York Times

A Finance Overhaul Fight Draws a Swarm of Lobbyists

The Senate Agriculture Committee, more used to dealing with farm subsidies than Wall Street, has drawn enormous interest from lobbyists and donors. Read more..

By DEALBOOK - The New York Times

Did Wall Street Blow It, Again?

From Floyd Norris: Did Wall Street make a fundamental error in its lobbying strategy on financial reform? Read more..

By DEALBOOK - The New York Times

F.S.A. Investigating Goldman Sachs

The Financial Services Authority, Britain’s financial regulator, said it had opened a formal investigation into Goldman Sachs in relation to recent accusations that the firm had defrauded investors. Read more..

By DEALBOOK - The New York Times

Goldman Fails to Shift Focus From Fraud Case

Despite the bank’s blockbuster earnings report, executives of Goldman Sachs found themselves mostly answering questions about the S.E.C.’s lawsuit. Read more..

By DEALBOOK - The New York Times

Goldman Posts $3.46 Billion 1st-Quarter Profit

The investment bank posted another big quarterly profit as it faces a major lawsuit by the Securities and Exchange Commission. Read more..

By DEALBOOK - The New York Times

Here Come the L.B.O.’s

Public companies have quickly become leveraged-buyout targets again, suggesting a marked change from the acrimony that surrounded the last round of private equity deals, Reuters Breakingviews says. Read more..

By DEALBOOK - The New York Times

Paulson Said to Buy 13% of American Capital

The billionaire investor John Paulson is investing as the business development company gets a much-needed capital infusion to restructure debt, sending its shares up 14 percent, Reuters reported. Read more..

By DEALBOOK - The New York Times

When Wall Street Deals Resemble Casino Wagers

Why was Goldman, or any regulated bank, allowed to create and sell a product like the synthetic C.D.O. at the center of the government’s case? Read more..

By DEALBOOK - The New York Times

White House Tepid as Ex-Aide Joins Goldman Defense

The White House offered a tepid response on Tuesday to word that President Obama’s former White House counsel is now representing Goldman Sachs in its legal battle with the Securities and Exchange Commission. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.0419.2018.9819.0057.7M
Cisco SystemsCSCO27.1927.4527.0627.1847.2M
Wells Fargo & Co.WFC33.1933.8933.0033.6946.8M
JPMorgan ChaseJPM45.7746.1545.5645.8839.3M
AT&T Inc.T26.4226.7426.3626.6634.5M
UnitedHealth GroupUNH32.2232.2330.2630.9826.6M
Oracle Corp.ORCL26.3826.4126.0226.1523.7M
Walt Disney & Co.DIS36.2836.6536.2836.5416.5M
Verizon CommunicationsVZ29.7929.8329.5429.7615.9M
International Business MachinesIBM129.20130.33128.26129.6915.2M
Home DepotHD35.3235.4935.0135.1814.8M
Gilead SciencesGILD45.6645.9844.7645.0713.9M
Bristol-Myers SquibbBMY25.8625.9025.3425.4313.4M
Abbott LaboratoriesABT53.0353.2552.9253.0613.3M
HP Inc.HPQ53.8553.9953.3653.5612.3M
Johnson & JohnsonJNJ66.0366.2065.7365.9911.9M
Procter & GamblePG63.4763.4963.0363.1911.2M
Wal-Mart StoresWMT54.4954.8254.3854.529.09M
United TechnologiesUTX74.1374.6873.2774.204.98M
Berkshire HathawayBRK.B79.8780.1279.3280.013.45M
Union PacificUNP75.9976.9775.8676.713.36M
Exchange Rates of April 20th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.210 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 0.998 CAD1 CAD = 1.002 USD
US DollarSwiss Franc1 USD = 1.068 CHF1 CHF = 0.936 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 125.280 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.145 EUR
EuroAustralian Dollar1 EUR = 1.442 AUD1 AUD = 0.694 EUR
EuroCanadian Dollar1 EUR = 1.342 CAD1 CAD = 0.745 EUR
EuroSwiss Franc1 EUR = 1.436 CHF1 CHF = 0.697 EUR
EuroChinese Yuan1 EUR = 9.173 CNY1 CNY = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.697 GBP1 GBP = 1.435 JPY
Japanese YenAustralian Dollar1 JPY = 1.150 AUD1 AUD = 0.869 JPY
Japanese YenCanadian Dollar1 JPY = 1.071 CAD1 CAD = 0.934 JPY
Japanese YenSwiss Franc1 JPY = 1.146 CHF1 CHF = 0.873 JPY
Pound SterlingAustralian Dollar1 GBP = 1.650 AUD1 AUD = 0.606 GBP
Pound SterlingCanadian Dollar1 GBP = 1.536 CAD1 CAD = 0.651 GBP
Pound SterlingSwiss Franc1 GBP = 1.643 CHF1 CHF = 0.609 GBP
Pound SterlingChinese Yuan1 GBP = 10.488 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.931 CAD1 CAD = 1.075 AUD
Australian DollarSwiss Franc1 AUD = 0.995 CHF1 CHF = 1.005 AUD
Australian DollarChinese Yuan1 AUD = 6.363 CNY1 CNY = 0.157 AUD
Canadian DollarSwiss Franc1 CAD = 1.069 CHF1 CHF = 0.935 CAD
Canadian DollarChinese Yuan1 CAD = 6.839 CNY1 CNY = 0.146 CAD
Swiss FrancChinese Yuan1 CHF = 6.389 CNY1 CNY = 0.157 CHF

See what else happened on April 20th, 2010