Financial news on April 20th, 2012

Business and Financial news
BRICS Agitate for a Seat at the Table

Discontent with their lack of influence within existing financial institutions, Brazil, Russia, India, China and South Africa are exploring options like their own BRICS bank. Read more..

By DIDI KIRSTEN TATLOW - International Herald Tribune

Builder of Rare Earth Plant in Malaysia Counters Complaints

Australian firm Lynas is almost ready to open its rare earth refinery in Malaysia, but the project has brought about a flurry of opposition; company says it has carried out testing to ensure that the waste from refining, including radioactive material, will be well within safe levels. Read more..

By LIZ GOOCH and KEITH BRADSHER - The New York Times

Feeling at Home in the Heart of Toronto

Condominiums in the city, Canada's largest with 2.5 million people, are being snapped up as fast as they go on the market. Read more..

By ELAINE SMITH - International Herald Tribune

France and Spain Clear Bond Auction Hurdle

Government bond auctions in the two countries were oversubscribed on Thursday, though for Spain the cost was rising yields, indicating growing concerns about taming its deficit. Read more..

By REUTERS - International Herald Tribune

In One Man’s Return, the Tax Code’s Unfairness

A reporter’s income in 2011 was higher than it was in 2010. Yet his tax rate went down. Wasn’t the opposite supposed to happen? Read more..

By JAMES B. STEWART - The New York Times

Marketing Hotels as Places Full of Fun and Discovery

Jane L Levere Advertising column notes Renaissance, a hotel brand owned by Marriott International, and Revel, a resort and casino in Atlantic City, are running lifestyle campaigns intended to attract young, hip guests. Read more..

By JANE L. LEVERE - The New York Times

Mobile Data Service Fees Help Bolster Profit at Verizon

Verizon Wireless added fewer customers in the first quarter, but fees helped firm to post a profit of $1.7 billion. Read more..

By BRIAN X. CHEN - The New York Times

No Place for Heated Opinions

A Discovery Channel series about changes in polar regions does not mention causes, avoiding the fury that often accompanies mention of climate change. Read more..

By BRIAN STELTER - The New York Times

Rising Fears That Recovery May Once More Be Faltering

Global finance leaders are meeting in Washington to discuss oil prices, unemployment and other issues putting a cloud over the global economic picture. Read more..

By ANNIE LOWREY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19,4319,6419,2519,3667.9M
Oracle Corp.ORCL29,1229,5328,8828,8835.7M
Cisco SystemsCSCO19,9320,0419,8419,9134.3M
JPMorgan ChaseJPM43,5143,5842,7142,7226.2M
Wells Fargo & Co.WFC33,2333,3232,9033,0023.5M
AT&T Inc.T30,7431,0930,7030,8622.1M
HP Inc.HPQ24,7724,9424,4524,5119.6M
Verizon CommunicationsVZ38,2438,9138,2438,7319.3M
Abbott LaboratoriesABT59,3860,2259,3059,8818.1M
Gilead SciencesGILD52,2352,5350,4351,0014.9M
Johnson & JohnsonJNJ63,2263,9763,2063,7114.3M
Bristol-Myers SquibbBMY34,0334,2733,8734,2313.8M
General MotorsGM24,0624,0623,5223,6012.9M
Procter & GamblePG66,7167,6166,5967,5111.1M
Home DepotHD51,8051,9351,2651,4611M
Wal-Mart StoresWMT61,7062,4961,6662,459M
UnitedHealth GroupUNH59,1659,7158,9359,518.38M
Walt Disney & Co.DIS42,2442,8442,2442,357.77M
Berkshire HathawayBRK.B79,2779,5678,8678,905.65M
International Business MachinesIBM199,83200,12199,09199,604.76M
Union PacificUNP105,89107,42104,83107,264.22M
United TechnologiesUTX80,6181,5480,6181,003.62M
Exchange Rates of April 20th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81,490 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 0,992 CAD1 CAD = 1,008 USD
US DollarSwiss Franc1 USD = 0,908 CHF1 CHF = 1,101 USD
US DollarChinese Yuan1 USD = 6,309 CNY1 CNY = 0,159 USD
EuroJapanese Yen1 EUR = 107,770 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,820 GBP1 GBP = 1,220 EUR
EuroAustralian Dollar1 EUR = 1,274 AUD1 AUD = 0,785 EUR
EuroCanadian Dollar1 EUR = 1,311 CAD1 CAD = 0,763 EUR
EuroSwiss Franc1 EUR = 1,201 CHF1 CHF = 0,833 EUR
EuroChinese Yuan1 EUR = 8,329 CNY1 CNY = 0,120 EUR
Japanese YenPound Sterling1 JPY = 0,760 GBP1 GBP = 1,315 JPY
Japanese YenAustralian Dollar1 JPY = 1,181 AUD1 AUD = 0,847 JPY
Japanese YenCanadian Dollar1 JPY = 1,216 CAD1 CAD = 0,822 JPY
Japanese YenSwiss Franc1 JPY = 1,115 CHF1 CHF = 0,897 JPY
Pound SterlingAustralian Dollar1 GBP = 1,555 AUD1 AUD = 0,643 GBP
Pound SterlingCanadian Dollar1 GBP = 1,600 CAD1 CAD = 0,625 GBP
Pound SterlingSwiss Franc1 GBP = 1,465 CHF1 CHF = 0,683 GBP
Pound SterlingChinese Yuan1 GBP = 10,168 CNY1 CNY = 0,098 GBP
Australian DollarCanadian Dollar1 AUD = 1,028 CAD1 CAD = 0,973 AUD
Australian DollarSwiss Franc1 AUD = 0,942 CHF1 CHF = 1,062 AUD
Australian DollarChinese Yuan1 AUD = 6,537 CNY1 CNY = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,915 CHF1 CHF = 1,093 CAD
Canadian DollarChinese Yuan1 CAD = 6,350 CNY1 CNY = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 6,933 CNY1 CNY = 0,144 CHF

See what else happened on April 20th, 2012