Financial news on April 23, 2010
Business and Financial news
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..
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..
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..
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..
The award was given by the American Society of Magazine Editors and is considered the top one in the industry. Read more..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.70||33.79||33.20||33.48||31M|
|Johnson & Johnson||JNJ||64.71||65.04||64.33||65.04||11.7M|
|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|
|International Business Machines||IBM||129.08||130.10||128.71||129.99||6.2M|
Exchange Rates of April 23, 2010
|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|