Financial news on April 22nd, 2010

Business and Financial news
Blackstone Posts $360 Million 1st-Quarter Profit

The giant private equity firm posted a $360 million profit as the leveraged buyout industry continues to recover from its lows. Read more..

By DEALBOOK - The New York Times

Can’t Stand to Sit Too Long? There’s a Desk for That

A writer who likes to shift positions while he works tried out a work station that, with a push of a button, adjusted to his sitting or standing height. Read more..

By FARHAD MANJOO - The New York Times

Generating Megawatts Like Clockwork

Several start-ups are trying to develop tidal energy — water-powered turbines that spin as the tides come and go. Read more..

By HENRY FOUNTAIN - The New York Times

Moore Vents About Greek Bailout, Report Says

The chief of Moore Capital slammed the European Union’s plans to bail out Greece and warned of a “potential breakdown” of the European Monetary Union, MarketWatch reported, citing a recent letter to the hedge fund’s investors. Read more..

By DEALBOOK - The New York Times

Obama Issues Sharp Call for Wall St. Reforms

President Obama is traveling to the shadow of Wall Street on Thursday to counter what he calls “the furious efforts of industry lobbyists” trying to weaken or kill new financial regulations that he says are needed to stave off a second Great Depression. Read more..

By DEALBOOK - The New York Times

Party Paper Says China Bubble Must End

China must tackle its property bubble for the sake of economic health and social stability, even if the market feels some short-term pain in the process, an official financial newspaper said Thursday. Read more..

By DEALBOOK - The New York Times

Selling Agriculture 2.0 to Silicon Valley

Some venture capitalists are starting to look beyond clean technology to sustainable agriculture as the next big “green” investment. Read more..

By TODD WOODY - The New York Times

Stimulus Aid Is Slow to Reach Energy Savers

The $20 billion earmarked for energy efficiency in the stimulus package is trickling out slowly, but backers say it’s having an impact. Read more..

By KATE GALBRAITH - The New York Times

Timing the Delivery of Your E-Mail Messages

A way to schedule the sending of e-mail; handling strangers on Facebook; and a tool to make your own repair disc. Read more..

By J. D. BIERSDORFER - The New York Times

U.S. Offers a Hand to Those on Eviction’s Edge

Without government aid, economists say many formerly middle-class Americans are at risk of slipping into poverty, even as economic conditions improve. Read more..

By PETER S. GOODMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.9119.0118.6118.9573M
JPMorgan ChaseJPM44.9145.1244.0344.7463.2M
Wells Fargo & Co.WFC32.7033.7232.5633.5849.8M
Cisco SystemsCSCO27.0827.3726.7227.3244.8M
Gilead SciencesGILD41.0541.6240.4740.5940.2M
AT&T Inc.T26.0926.3125.7926.2732.9M
Oracle Corp.ORCL26.1426.3125.8626.2427.3M
Verizon CommunicationsVZ29.1229.3528.9129.2826.6M
Bristol-Myers SquibbBMY25.0125.0524.2824.4421.8M
Home DepotHD35.1535.8935.0335.7221.6M
Johnson & JohnsonJNJ65.1865.2464.3364.7819.6M
Abbott LaboratoriesABT51.5951.6150.8451.1216.8M
UnitedHealth GroupUNH30.2530.5229.8830.4614.1M
HP Inc.HPQ53.3253.5252.5153.3112.4M
Walt Disney & Co.DIS36.3036.8736.1236.7810.5M
United TechnologiesUTX76.6376.7575.9476.438.61M
Procter & GamblePG63.5163.7463.2363.598.37M
International Business MachinesIBM128.64129.36127.77129.136.02M
Union PacificUNP76.0978.0375.7776.255.93M
Berkshire HathawayBRK.B78.2578.8577.3578.684.4M
Wal-Mart StoresWMT54.3654.6554.1554.494M
Exchange Rates of April 22nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.420 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.001 CAD1 CAD = 0.999 USD
US DollarSwiss Franc1 USD = 1.078 CHF1 CHF = 0.927 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.140 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.863 GBP1 GBP = 1.158 EUR
EuroAustralian Dollar1 EUR = 1.434 AUD1 AUD = 0.697 EUR
EuroCanadian Dollar1 EUR = 1.329 CAD1 CAD = 0.752 EUR
EuroSwiss Franc1 EUR = 1.433 CHF1 CHF = 0.698 EUR
EuroChinese Yuan1 EUR = 9.071 CNY1 CNY = 0.110 EUR
Japanese YenPound Sterling1 JPY = 0.695 GBP1 GBP = 1.439 JPY
Japanese YenAustralian Dollar1 JPY = 1.154 AUD1 AUD = 0.867 JPY
Japanese YenCanadian Dollar1 JPY = 1.070 CAD1 CAD = 0.934 JPY
Japanese YenSwiss Franc1 JPY = 1.154 CHF1 CHF = 0.867 JPY
Pound SterlingAustralian Dollar1 GBP = 1.659 AUD1 AUD = 0.603 GBP
Pound SterlingCanadian Dollar1 GBP = 1.539 CAD1 CAD = 0.650 GBP
Pound SterlingSwiss Franc1 GBP = 1.659 CHF1 CHF = 0.603 GBP
Pound SterlingChinese Yuan1 GBP = 10.497 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.927 CAD1 CAD = 1.078 AUD
Australian DollarSwiss Franc1 AUD = 0.999 CHF1 CHF = 1.001 AUD
Australian DollarChinese Yuan1 AUD = 6.331 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.077 CHF1 CHF = 0.928 CAD
Canadian DollarChinese Yuan1 CAD = 6.826 CNY1 CNY = 0.147 CAD
Swiss FrancChinese Yuan1 CHF = 6.329 CNY1 CNY = 0.158 CHF

See what else happened on April 22nd, 2010