Financial news on April 23, 2010

Business and Financial news
Authorities Question Betting on Box Office

The idea of allowing futures trading on the box-office prospects of new films faced a skeptical audience at a Congressional hearing, with lawmakers questioning whether ticket sales receipts are actually commodities to be traded and whether the proposed market would be ripe for manipulation. Read more..

By DEALBOOK - The New York Times

Breaking Up the Banks

The “SAFE banking Act,” whose purpose is to break up the big banks, is well crafted, based on a great deal of hard thinking, and has the potential to draw a considerable amount of support, Simon Johnson argues in Economix. Read more..

By DEALBOOK - The New York Times

Europe Says Greek Deficit Larger Than Thought

Greece’s attempts to get its economy back on its feet and to regain investor trust suffered another setback Thursday as the European Union increased its estimate of the country’s 2009 budget deficit. Read more..

By DEALBOOK - The New York Times

For United, a Merger Still Looms

The announcement by US Airways on Thursday that it was ending merger discussions with United Airlines clears the path for rival talks between Continental Airlines and United. Read more..

By DEALBOOK - The New York Times

Glamour Selected as Magazine of the Year

The award was given by the American Society of Magazine Editors and is considered the top one in the industry. Read more..

By STEPHANIE CLIFFORD - The New York Times

Mitel Networks I.P.O. a ‘Disaster’

Shares of Mitel Networks, the Canadian communications company, plunged more than 12 percent in their debut, after its initial public offering priced far below expectation. Read more..

By DEALBOOK - The New York Times

No Bump for Alimera Sciences in Debut

Shares of Alimera Sciences remained flat Thursday in their first day of trading, after pricing below their expected range in the company’s initial public offering. Read more..

By DEALBOOK - The New York Times

PepsiCo Raises Profit After Buying Two Bottlers

PepsiCo completed the $7.8 billion purchase of its top two bottlers in March in an attempt to save $400 million a year. Read more..

By BLOOMBERG NEWS - The New York Times

Times Company Reports Profit

The president and chief executive, Janet L. Robinson, said the trend in both print and digital advertising was “positive” compared with the fourth quarter. Read more..

By STEPHANIE CLIFFORD - The New York Times

Trend for High, Pre-emptive Bids in Energy Deals

In the current climate for energy deals the best strategy may not be to wait for an auction process to start, but rather, to bid first and bid high, Reuters reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31.12 31.58 30.65 30.96 127M
Pfizer PFE 16.43 17.01 16.40 16.91 98.3M
General Electric GE 18.86 19.10 18.80 19.07 57.8M
Intel INTC 23.95 24.06 23.73 24.04 57M
Merck MRK 33.84 35.76 33.54 35.46 41.3M
Cisco Systems CSCO 27.38 27.51 27.21 27.47 39.3M
JPMorgan Chase JPM 44.73 45.07 44.25 44.94 32.5M
Wells Fargo & Co. WFC 33.70 33.79 33.20 33.48 31M
Apple AAPL 267.99 272.18 267.00 270.83 28.5M
AT&T Inc. T 26.17 26.29 25.99 26.25 28M
Oracle Corp. ORCL 26.17 26.52 26.16 26.48 27.5M
Verizon Communications VZ 29.07 29.07 28.82 29.05 26.1M
ExxonMobil XOM 68.50 69.27 68.18 69.24 24.3M
Schlumberger SLB 70.14 73.19 69.90 72.68 22.1M
Home Depot HD 35.76 36.44 35.70 36.39 21.3M
Gilead Sciences GILD 40.98 41.76 40.86 41.67 21M
Abbott Laboratories ABT 51.03 51.21 50.27 51.20 19.2M
Amazon AMZN 145.38 149.09 142.42 143.63 19M
Wal-Mart Stores WMT 54.47 54.61 53.92 54.53 16.6M
ConocoPhillips COP 56.90 58.13 56.58 58.09 15.6M
Comcast CMCSA 18.68 18.98 18.62 18.96 15M
UnitedHealth Group UNH 30.31 30.97 30.28 30.95 14.8M
Bristol-Myers Squibb BMY 24.47 24.84 24.12 24.74 13.7M
Johnson & Johnson JNJ 64.71 65.04 64.33 65.04 11.7M
Coca-Cola KO 54.46 54.46 53.74 53.88 10.8M
Altria MO 21.31 21.39 21.12 21.36 10.1M
Chevron CVX 81.04 82.77 80.95 82.67 9.92M
HP Inc. HPQ 53.36 53.91 53.03 53.90 9.78M
Pepsico PEP 64.85 64.85 64.17 64.71 9.01M
Procter & Gamble PG 63.48 63.64 63.20 63.54 8.45M
Walt Disney & Co. DIS 36.80 36.85 36.49 36.79 7.68M
Amgen AMGN 58.09 59.00 57.76 58.88 7.11M
International Business Machines IBM 129.08 130.10 128.71 129.99 6.2M
Union Pacific UNP 76.72 77.24 76.42 77.10 5.58M
Boeing BA 75.04 75.68 74.55 75.13 5.2M
United Technologies UTX 76.52 76.78 75.78 76.47 4.71M
Alphabet GOOGL 547.25 549.32 542.27 544.99 4.17M
3M MMM 86.18 87.09 85.93 86.58 3.99M
Berkshire Hathaway BRK.B 78.56 79.09 77.95 78.95 3.87M
Visa V 96.20 96.82 95.23 96.59 3.12M
McDonald's MCD 71.20 71.35 70.77 71.15 1.82M
Exchange Rates of April 23, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.960 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.000 CAD 1 CAD = 1.001 USD
US Dollar Swiss Franc 1 USD = 1.072 CHF 1 CHF = 0.933 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 125.760 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.870 GBP 1 GBP = 1.149 EUR
Euro Australian Dollar 1 EUR = 1.442 AUD 1 AUD = 0.693 EUR
Euro Canadian Dollar 1 EUR = 1.337 CAD 1 CAD = 0.748 EUR
Euro Swiss Franc 1 EUR = 1.435 CHF 1 CHF = 0.697 EUR
Euro Chinese Yuan 1 EUR = 9.133 CNY 1 CNY = 0.109 EUR
Japanese Yen Pound Sterling 1 JPY = 0.692 GBP 1 GBP = 1.446 JPY
Japanese Yen Australian Dollar 1 JPY = 1.146 AUD 1 AUD = 0.872 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.063 CAD 1 CAD = 0.941 JPY
Japanese Yen Swiss Franc 1 JPY = 1.142 CHF 1 CHF = 0.876 JPY
Pound Sterling Australian Dollar 1 GBP = 1.657 AUD 1 AUD = 0.604 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.536 CAD 1 CAD = 0.651 GBP
Pound Sterling Swiss Franc 1 GBP = 1.649 CHF 1 CHF = 0.607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.492 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.927 CAD 1 CAD = 1.079 AUD
Australian Dollar Swiss Franc 1 AUD = 0.993 CHF 1 CHF = 1.007 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.332 CNY 1 CNY = 0.158 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.071 CHF 1 CHF = 0.934 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.835 CNY 1 CNY = 0.146 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.362 CNY 1 CNY = 0.157 CHF

See what else happened on April 23, 2010