Financial news on April 22nd, 2009

Business and Financial news
A Wider Loss at A.M.D. as Chip Sales Slow

Sales at the chipmaker fell 35 percent, although overall results were close to expectations. Read more..

By LAURIE J. FLYNN - The New York Times

Credit Markets Still Tight, Geithner Says

The Treasury secretary said that borrowing costs remained high despite government efforts. Read more..

By EDMUND L. ANDREWS and JACK HEALY - The New York Times

He’s Behind the Guffaws and the Gore

Clinton R. Culpepper is the producer behind many of the genre movies that have become consistent money-makers for the Screen Gems unit of Sony Pictures Entertainment. Read more..

By MICHAEL CIEPLY - The New York Times

Japan Pays Foreign Workers to Go Home

Latin Americans who have lost their jobs are being offered money to return to their home countries. Read more..

By HIROKO TABUCHI - The New York Times

Lockheed Won’t Fight Pentagon on F-22 Plan

Lockheed Martin accepted plans to phase out the jet after a meeting with Defense Secretary Robert Gates, but some lawmakers may push for more planes to avoid job losses. Read more..

By CHRISTOPHER DREW - The New York Times

Quadrangle Facing Questions Over Pension Funds

Steven Rattner’s investment company is one of several caught up in an inquiry into corruption in pension funds. Read more..

By LOUISE STORY - The New York Times

Shakeout Nears for Real Estate Firms

Several large REITs plan to avoid following General Growth Properties into bankruptcy court by reinvigorating themselves with capital from new equity issues. Read more..

By TERRY PRISTIN - The New York Times

Times Co. Reports Loss of $74 Million

The company joined the roster of newspaper companies recording the steepest advertising declines in generations. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

U.S. in Standoff With Banks Over Chrysler

Big lenders have resisted demands from the Obama administration to restructure Chrysler’s debt. Read more..

By BILL VLASIC and DAVID E. SANGER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC18.2120.5618.1518.18248M
General ElectricGE11.6612.4811.5211.80130M
JPMorgan ChaseJPM31.6434.1431.3231.90124M
Cisco SystemsCSCO17.4518.0217.4317.4454.7M
AT&T Inc.T25.8026.4325.4625.7450.2M
Oracle Corp.ORCL19.5219.7519.0919.3540M
Abbott LaboratoriesABT44.1344.1442.3542.5028.8M
Home DepotHD25.6326.9225.4826.1723.9M
Wal-Mart StoresWMT49.5950.2348.8248.9620.4M
Verizon CommunicationsVZ31.0331.6430.8330.9118M
UnitedHealth GroupUNH22.8623.6322.5022.8117.2M
Walt Disney & Co.DIS19.3019.7419.0019.4015.8M
HP Inc.HPQ34.7435.5434.6034.6815.3M
Gilead SciencesGILD46.2347.7345.9746.2214.6M
Procter & GamblePG50.9650.9649.5449.6013.4M
Johnson & JohnsonJNJ52.1052.1551.1151.1813.3M
International Business MachinesIBM101.17103.86101.06102.5512.1M
Bristol-Myers SquibbBMY19.9220.0119.5919.8111.2M
Union PacificUNP45.7849.0545.5347.728.49M
United TechnologiesUTX47.6348.4446.8446.898.23M
Berkshire HathawayBRK.B2845.002908.002801.002801.0045.5K
Exchange Rates of April 22nd, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.950 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.239 CAD1 CAD = 0.807 USD
US DollarSwiss Franc1 USD = 1.164 CHF1 CHF = 0.859 USD
US DollarChinese Yuan1 USD = 6.831 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 127.370 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.898 GBP1 GBP = 1.114 EUR
EuroAustralian Dollar1 EUR = 1.842 AUD1 AUD = 0.543 EUR
EuroCanadian Dollar1 EUR = 1.611 CAD1 CAD = 0.621 EUR
EuroSwiss Franc1 EUR = 1.513 CHF1 CHF = 0.661 EUR
EuroChinese Yuan1 EUR = 8.877 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.704 GBP1 GBP = 1.420 JPY
Japanese YenAustralian Dollar1 JPY = 1.446 AUD1 AUD = 0.692 JPY
Japanese YenCanadian Dollar1 JPY = 1.264 CAD1 CAD = 0.791 JPY
Japanese YenSwiss Franc1 JPY = 1.188 CHF1 CHF = 0.842 JPY
Pound SterlingAustralian Dollar1 GBP = 2.051 AUD1 AUD = 0.488 GBP
Pound SterlingCanadian Dollar1 GBP = 1.794 CAD1 CAD = 0.558 GBP
Pound SterlingSwiss Franc1 GBP = 1.685 CHF1 CHF = 0.593 GBP
Pound SterlingChinese Yuan1 GBP = 9.878 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.874 CAD1 CAD = 1.144 AUD
Australian DollarSwiss Franc1 AUD = 0.821 CHF1 CHF = 1.218 AUD
Australian DollarChinese Yuan1 AUD = 4.813 CNY1 CNY = 0.208 AUD
Canadian DollarSwiss Franc1 CAD = 0.939 CHF1 CHF = 1.065 CAD
Canadian DollarChinese Yuan1 CAD = 5.506 CNY1 CNY = 0.182 CAD
Swiss FrancChinese Yuan1 CHF = 5.868 CNY1 CNY = 0.170 CHF

See what else happened on April 22nd, 2009