Financial news on April 24th, 2009

Business and Financial news
Can’t Afford to Move? Britons Turn to Renovations

With Britain's real estate market continuing to struggle, many homeowners are deciding to renovate rather than take the risk of trying to sell and buy something new. Read more..

By SHELLEY EMLING - International Herald Tribune

CIT Group Posts 8th Loss in a Row

With more losses in sight, the commercial lender suspended its dividend and announced the elimination of an additional 140 jobs. Read more..

By BLOOMBERG NEWS - The New York Times

Edgy Banks Start to Get Word Today on Stress Tests

The nation’s 19 biggest banks will start learning Friday how they fared in federal examinations — and which among them will need another bailout. Read more..

By ERIC DASH - The New York Times

Investors Waver, but Shares Close Higher

Despite ending higher, the major indexes were on pace to post their first weekly drop after six weeks of almost uninterrupted gains. Read more..

By JACK HEALY - The New York Times

PCCW Chairman Drops Bid to Privatize Group

His plans foiled by a court a day earlier, Richard Li, the chairman of PCCW, said he abandoned his bid to privatize the company. Read more..

By BETTINA WASSENER - The New York Times

Plight of Carmakers Could Upset All Pension Plans

Pension experts predict that a government takeover of the plans at G.M. and Chrysler would spur other auto companies and all types of manufacturers to abandon such benefits for competitive reasons. Read more..

By MARY WILLIAMS WALSH - The New York Times

Software That Copies DVDs Is on Trial

Hollywood studios say software that lets users save digital copies of DVDs hurts the movie industry. Read more..

By BRAD STONE - The New York Times

Subprime Loans, Corporate-Style, Will Fuel Defaults

A record percentage of senior debt is on the lowest rungs of credit quality, making conditions favorable for the default rate on corporate loans and bonds to skyrocket in the near future. Read more..

By FLOYD NORRIS - The New York Times

U.S. Said to Seek a Chrysler Plan for Bankruptcy

The Treasury Department has reached an agreement in principle with the autoworkers union in the event that Chrysler, which is negotiating with Fiat, files for bankruptcy. Read more..

By MICHELINE MAYNARD and MICHAEL J. de la MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC20,6321,9720,0521,40222M
MicrosoftMSFT19,8221,2019,5020,91168M
JPMorgan ChaseJPM33,6634,5032,2533,38117M
General ElectricGE12,0312,3511,9512,1197.4M
IntelINTC15,6115,7415,3015,6267.6M
PfizerPFE13,3113,3812,9913,1765.6M
Cisco SystemsCSCO18,1218,5017,9718,4255.7M
Oracle Corp.ORCL19,7520,1819,6519,7943M
ExxonMobilXOM66,2167,0065,9166,5732.3M
AT&T Inc.T25,5625,7625,0025,1628.2M
Wal-Mart StoresWMT48,8249,5647,7247,8726.9M
Verizon CommunicationsVZ31,1331,2930,5331,0026M
AmazonAMZN82,0386,6880,7384,4623.5M
ConocoPhillipsCOP40,7641,9640,6041,2122.1M
MerckMRK23,2723,5523,0523,4522.1M
Home DepotHD25,9326,8225,5626,3121.9M
SchlumbergerSLB49,8250,9248,5549,7320.5M
Abbott LaboratoriesABT43,5743,9042,8843,0919.4M
AppleAAPL124,64125,14122,97123,9019.3M
ComcastCMCSA13,6514,0413,4213,8919M
HP Inc.HPQ34,9736,0034,8335,8017.8M
Walt Disney & Co.DIS19,8420,4619,5620,2616.6M
AmgenAMGN48,0750,0247,6949,8316.1M
AltriaMO16,9517,2416,7616,9214.9M
Johnson & JohnsonJNJ51,7651,8450,6450,9214.8M
Coca-ColaKO42,9543,0942,5742,7914.7M
UnitedHealth GroupUNH23,4323,6122,5623,0614.6M
Bristol-Myers SquibbBMY20,1920,3019,9920,1014.4M
ChevronCVX66,2467,3466,0166,6012.6M
3MMMM54,2657,0253,7457,0011.5M
Procter & GamblePG49,5049,8949,0249,5111.3M
PepsicoPEP48,3148,9247,9348,5211.3M
International Business MachinesIBM101,17101,5899,50100,0810.2M
McDonald'sMCD55,1755,4554,0554,319.94M
VisaV59,3160,7558,0460,389.92M
BoeingBA38,1039,0137,7538,728.35M
United TechnologiesUTX48,2649,6847,8449,377.7M
AlphabetGOOGL386,05393,18380,50389,496.76M
Gilead SciencesGILD45,7546,1245,4245,806.3M
Union PacificUNP49,7150,4048,2049,136.03M
Berkshire HathawayBRK.B2845,002930,002809,002910,0054K
Exchange Rates of April 24th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97,140 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,209 CAD1 CAD = 0,827 USD
US DollarSwiss Franc1 USD = 1,139 CHF1 CHF = 0,878 USD
US DollarChinese Yuan1 USD = 6,826 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 128,700 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,902 GBP1 GBP = 1,108 EUR
EuroAustralian Dollar1 EUR = 1,831 AUD1 AUD = 0,546 EUR
EuroCanadian Dollar1 EUR = 1,602 CAD1 CAD = 0,624 EUR
EuroSwiss Franc1 EUR = 1,508 CHF1 CHF = 0,663 EUR
EuroChinese Yuan1 EUR = 9,040 CNY1 CNY = 0,111 EUR
Japanese YenPound Sterling1 JPY = 0,701 GBP1 GBP = 1,427 JPY
Japanese YenAustralian Dollar1 JPY = 1,423 AUD1 AUD = 0,703 JPY
Japanese YenCanadian Dollar1 JPY = 1,244 CAD1 CAD = 0,804 JPY
Japanese YenSwiss Franc1 JPY = 1,172 CHF1 CHF = 0,853 JPY
Pound SterlingAustralian Dollar1 GBP = 2,029 AUD1 AUD = 0,493 GBP
Pound SterlingCanadian Dollar1 GBP = 1,775 CAD1 CAD = 0,563 GBP
Pound SterlingSwiss Franc1 GBP = 1,671 CHF1 CHF = 0,598 GBP
Pound SterlingChinese Yuan1 GBP = 10,009 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 0,874 CAD1 CAD = 1,144 AUD
Australian DollarSwiss Franc1 AUD = 0,823 CHF1 CHF = 1,215 AUD
Australian DollarChinese Yuan1 AUD = 4,942 CNY1 CNY = 0,202 AUD
Canadian DollarSwiss Franc1 CAD = 0,940 CHF1 CHF = 1,064 CAD
Canadian DollarChinese Yuan1 CAD = 5,645 CNY1 CNY = 0,177 CAD

See what else happened on April 24th, 2009