Financial news on April 20, 2016

Business and Financial news
Banca Popolare di Vicenza Sets Price Range for I.P.O.

The Italian lender is seeking to sell shares by early May to meet capital requirements set by the European Central Bank. Read more..

By CHAD BRAY - The New York Times

China Drone Maker Says It May Share Data With State

The company, DJI, said it was still working out how to deal with the data the authorities request and that it could include data from flights in Hong Kong. Read more..

By PAUL MOZUR - The New York Times

E.U. Charges Dispute Google’s Claims That Android Is Open to All

Europe’s competition chief said Google unfairly promoted its services with cellphone makers, limiting rivals in the smartphone software market. Read more..

By MARK SCOTT - The New York Times

Keeping Your Android Files in Sync With a Computer

Tech Tip Q&A; explanation of how to synch computer and Android devices. Read more..

By J. D. BIERSDORFER - The New York Times

Realistically, Bernie Sanders Cannot Afford Losses

The New York result confirms that he is on track to lose the pledged delegate race and therefore the nomination. Read more..

By NATE COHN - The New York Times

Saudi Threat to Sell U.S. Assets Could Hurt, but Mostly the Saudis

Experts say Saudi Arabia could hurt itself more than United States should it follow through on threat to sell off American investments; threat was meant to deter Congress from passing law allowing country to be held responsible for its role in Sept 11, 2001, terrorist attacks. Read more..


S.E.C. in Stasis as Democrats Hold Up Obama Nominees

Steven Davidoff Solomon Deal Professor column notes irony in obstruction by Sen Chuck Schumer and some Democratic colleagues, who are holding up confirmation of Hester Peirce and Lisa M Fairfax to Securities and Exchange Commission; observes that both nominees were previously cleared by same Democratic senators; warns SEC will remain deadlocked as long as nominees are not confirmed. Read more..


UnitedHealth to Pull Back From Insurance Exchanges, Citing Losses

UnitedHealth Group informs investors that it plans to pull out of majority of states where it offers health insurance coverage under federal health care law; will only offer policies on public exchanges in handful of states in 2017, citing estimated losses on such plans of $1 billion in 2015 and 2016. Read more..

By REED ABELSON - The New York Times

Visa Speeds Up Chip Cards With Software Upgrade

Visa announces that it will begin giving retailers software that will reduce amount of time it takes to use chip-enabled debit and credit cards, which have frustrated many consumers. Read more..

By RACHEL ABRAMS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE31.2031.3531.0531.1526.5M
Wells Fargo & Co.WFC49.9850.5249.7650.4522.6M
Cisco SystemsCSCO28.4028.6828.2628.4419.9M
HP Inc.HPQ12.8212.9612.7312.8017.1M
AT&T Inc.T38.9939.0138.6638.7216.8M
Verizon CommunicationsVZ52.1552.2251.6651.7515.4M
JPMorgan ChaseJPM63.4864.3163.1564.2414.6M
General MotorsGM32.0032.4132.0032.1912.9M
Procter & GamblePG83.2983.3481.4881.559.12M
Gilead SciencesGILD99.35100.9699.35100.118.86M
Abbott LaboratoriesABT44.4844.5843.5143.978.69M
Oracle Corp.ORCL41.1941.3941.0841.108.48M
Johnson & JohnsonJNJ113.19114.19113.05113.588.21M
Walt Disney & Co.DIS103.02103.48101.96103.277.71M
UnitedHealth GroupUNH131.29135.11130.90133.937.32M
Bristol-Myers SquibbBMY69.1869.5568.4169.236.92M
International Business MachinesIBM144.24147.20144.00146.116.75M
Union PacificUNP82.7384.6182.2083.856.3M
Wal-Mart StoresWMT69.7669.9969.1369.215.41M
Home DepotHD135.75136.08134.48135.194.76M
United TechnologiesUTX105.42106.11105.20105.533.82M
Berkshire HathawayBRK.B145.98146.44145.38146.092.29M
Exchange Rates of April 20, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.885 EUR1 EUR = 1.130 USD
US DollarJapanese Yen1 USD = 109.760 JPY1 JPY = 0.009 USD
US DollarPound Sterling1 USD = 0.698 GBP1 GBP = 1.434 USD
US DollarAustralian Dollar1 USD = 1.283 AUD1 AUD = 0.780 USD
US DollarCanadian Dollar1 USD = 1.265 CAD1 CAD = 0.790 USD
US DollarSwiss Franc1 USD = 0.971 CHF1 CHF = 1.030 USD
US DollarChinese Yuan1 USD = 6.467 CNY1 CNY = 0.155 USD
US DollarMexican Peso1 USD = 17.246 MXN1 MXN = 0.058 USD
US DollarSwidish Krona1 USD = 8.121 SEK1 SEK = 0.123 USD
EuroJapanese Yen1 EUR = 124.035 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.788 GBP1 GBP = 1.269 EUR
EuroAustralian Dollar1 EUR = 1.450 AUD1 AUD = 0.690 EUR
EuroCanadian Dollar1 EUR = 1.430 CAD1 CAD = 0.699 EUR
EuroSwiss Franc1 EUR = 1.098 CHF1 CHF = 0.911 EUR
EuroChinese Yuan1 EUR = 7.304 CNY1 CNY = 0.137 EUR
EuroMexican Peso1 EUR = 19.499 MXN1 MXN = 0.051 EUR
EuroSwidish Krona1 EUR = 9.179 SEK1 SEK = 0.109 EUR
Japanese YenPound Sterling1 JPY = 0.006 GBP1 GBP = 158.730 JPY
Japanese YenAustralian Dollar1 JPY = 0.012 AUD1 AUD = 85.470 JPY
Japanese YenCanadian Dollar1 JPY = 0.012 CAD1 CAD = 86.957 JPY
Japanese YenSwiss Franc1 JPY = 0.009 CHF1 CHF = 112.360 JPY
Japanese YenChinese Yuan1 JPY = 0.059 CNY1 CNY = 17.007 JPY
Japanese YenMexican Peso1 JPY = 0.157 MXN1 MXN = 6.361 JPY
Japanese YenSwidish Krona1 JPY = 0.074 SEK1 SEK = 13.514 JPY
Pound SterlingAustralian Dollar1 GBP = 1.839 AUD1 AUD = 0.544 GBP
Pound SterlingCanadian Dollar1 GBP = 1.814 CAD1 CAD = 0.551 GBP
Pound SterlingSwiss Franc1 GBP = 1.392 CHF1 CHF = 0.718 GBP
Pound SterlingChinese Yuan1 GBP = 9.267 CNY1 CNY = 0.108 GBP
Pound SterlingMexican Peso1 GBP = 24.727 MXN1 MXN = 0.040 GBP
Pound SterlingSwidish Krona1 GBP = 11.640 SEK1 SEK = 0.086 GBP
Australian DollarCanadian Dollar1 AUD = 0.987 CAD1 CAD = 1.014 AUD
Australian DollarSwiss Franc1 AUD = 0.757 CHF1 CHF = 1.321 AUD
Australian DollarChinese Yuan1 AUD = 5.040 CNY1 CNY = 0.198 AUD
Australian DollarMexican Peso1 AUD = 13.457 MXN1 MXN = 0.074 AUD
Australian DollarSwidish Krona1 AUD = 6.328 SEK1 SEK = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 0.768 CHF1 CHF = 1.303 CAD
Canadian DollarChinese Yuan1 CAD = 5.109 CNY1 CNY = 0.196 CAD
Canadian DollarMexican Peso1 CAD = 13.641 MXN1 MXN = 0.073 CAD
Canadian DollarSwidish Krona1 CAD = 6.417 SEK1 SEK = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.653 CNY1 CNY = 0.150 CHF
Swiss FrancMexican Peso1 CHF = 17.766 MXN1 MXN = 0.056 CHF
Swiss FrancSwidish Krona1 CHF = 8.359 SEK1 SEK = 0.120 CHF
Chinese YuanSwidish Krona1 CNY = 1.250 SEK1 SEK = 0.800 CNY

See what else happened on April 20, 2016