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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT31,1231,5830,6530,96127M
PfizerPFE16,4317,0116,4016,9198.3M
General ElectricGE18,8619,1018,8019,0757.8M
IntelINTC23,9524,0623,7324,0457M
MerckMRK33,8435,7633,5435,4641.3M
Cisco SystemsCSCO27,3827,5127,2127,4739.3M
JPMorgan ChaseJPM44,7345,0744,2544,9432.5M
Wells Fargo & Co.WFC33,7033,7933,2033,4831M
AppleAAPL267,99272,18267,00270,8328.5M
AT&T Inc.T26,1726,2925,9926,2528M
Oracle Corp.ORCL26,1726,5226,1626,4827.5M
Verizon CommunicationsVZ29,0729,0728,8229,0526.1M
ExxonMobilXOM68,5069,2768,1869,2424.3M
SchlumbergerSLB70,1473,1969,9072,6822.1M
Home DepotHD35,7636,4435,7036,3921.3M
Gilead SciencesGILD40,9841,7640,8641,6721M
Abbott LaboratoriesABT51,0351,2150,2751,2019.2M
AmazonAMZN145,38149,09142,42143,6319M
Wal-Mart StoresWMT54,4754,6153,9254,5316.6M
ConocoPhillipsCOP56,9058,1356,5858,0915.6M
ComcastCMCSA18,6818,9818,6218,9615M
UnitedHealth GroupUNH30,3130,9730,2830,9514.8M
Bristol-Myers SquibbBMY24,4724,8424,1224,7413.7M
Johnson & JohnsonJNJ64,7165,0464,3365,0411.7M
Coca-ColaKO54,4654,4653,7453,8810.8M
AltriaMO21,3121,3921,1221,3610.1M
ChevronCVX81,0482,7780,9582,679.92M
HP Inc.HPQ53,3653,9153,0353,909.78M
PepsicoPEP64,8564,8564,1764,719.01M
Procter & GamblePG63,4863,6463,2063,548.45M
Walt Disney & Co.DIS36,8036,8536,4936,797.68M
AmgenAMGN58,0959,0057,7658,887.11M
International Business MachinesIBM129,08130,10128,71129,996.2M
Union PacificUNP76,7277,2476,4277,105.58M
BoeingBA75,0475,6874,5575,135.2M
United TechnologiesUTX76,5276,7875,7876,474.71M
AlphabetGOOGL547,25549,32542,27544,994.17M
3MMMM86,1887,0985,9386,583.99M
Berkshire HathawayBRK.B78,5679,0977,9578,953.87M
VisaV96,2096,8295,2396,593.12M
McDonald'sMCD71,2071,3570,7771,151.82M
Exchange Rates of April 23, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93,960 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,000 CAD1 CAD = 1,001 USD
US DollarSwiss Franc1 USD = 1,072 CHF1 CHF = 0,933 USD
US DollarChinese Yuan1 USD = 6,827 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 125,760 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,870 GBP1 GBP = 1,149 EUR
EuroAustralian Dollar1 EUR = 1,442 AUD1 AUD = 0,693 EUR
EuroCanadian Dollar1 EUR = 1,337 CAD1 CAD = 0,748 EUR
EuroSwiss Franc1 EUR = 1,435 CHF1 CHF = 0,697 EUR
EuroChinese Yuan1 EUR = 9,133 CNY1 CNY = 0,109 EUR
Japanese YenPound Sterling1 JPY = 0,692 GBP1 GBP = 1,446 JPY
Japanese YenAustralian Dollar1 JPY = 1,146 AUD1 AUD = 0,872 JPY
Japanese YenCanadian Dollar1 JPY = 1,063 CAD1 CAD = 0,941 JPY
Japanese YenSwiss Franc1 JPY = 1,142 CHF1 CHF = 0,876 JPY
Pound SterlingAustralian Dollar1 GBP = 1,657 AUD1 AUD = 0,604 GBP
Pound SterlingCanadian Dollar1 GBP = 1,536 CAD1 CAD = 0,651 GBP
Pound SterlingSwiss Franc1 GBP = 1,649 CHF1 CHF = 0,607 GBP
Pound SterlingChinese Yuan1 GBP = 10,492 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,927 CAD1 CAD = 1,079 AUD
Australian DollarSwiss Franc1 AUD = 0,993 CHF1 CHF = 1,007 AUD
Australian DollarChinese Yuan1 AUD = 6,332 CNY1 CNY = 0,158 AUD
Canadian DollarSwiss Franc1 CAD = 1,071 CHF1 CHF = 0,934 CAD
Canadian DollarChinese Yuan1 CAD = 6,835 CNY1 CNY = 0,146 CAD
Swiss FrancChinese Yuan1 CHF = 6,362 CNY1 CNY = 0,157 CHF

See what else happened on April 23, 2010