Financial news on April 26, 2010
Business and Financial news
Putting aside from the challenges facing Citigroup, Vikram S. Pandit, the bank’s chief executive, said he believed the world should embrace the “U.S. model” of development in order to foster long-term and sustainable economic growth. Read more..
Babson College concluded its 2010 business plan competition on Thursday, with the $5,000 cash prize going to Crelligence Media, a digital video venture founded by a Babson senior, Alexander Debelov. Read more..
Stocks pushed higher on Friday as the Dow Jones industrial average rose for a fifth consecutive day, and analysts saw little economic news on the horizon that would upset market sentiment next week. Read more..
The deal would united two of the biggest names in the rental car business. Read more..
President Barack Obama will host a two-day summit on entrepreneurship beginning Monday in a new effort to build business and social ties to the Muslim world, Reuters reported. Read more..
Lloyd C. Blankfein’s unrepentant truculence exposed Goldman Sachs to an S.E.C. legal action that has, in a single week, radically transformed the politics and prospects for financial reform in America, Frank Rich writes in The New York Times. Read more..
Stifel Financial, the brokerage house based in St. Louis, said Monday that it had reached a merger agreement with Thomas Weisel Partners worth about $300 million. Read more..
E-mails sent by Goldman Sachs executives on money the firm made by betting against risky mortgage securities highlight the need for transparency in financial markets, senior White House adviser Lawrence Summers said Sunday. Read more..
Eric Ries and Steven Blank think they have a better way to build a start-up, one that takes less time and money to try new ideas and find paying customers. They are leading proponents of the “lean start-up” — a fresh approach to creating companies. Read more..
Twitter, which was born as a text-messaging service, has gone back to its roots, announcing Friday that it had acquired Cloudhopper, a Seattle text-messaging start-up. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.36||33.45||32.59||32.72||36.2M|
|Walt Disney & Co.||DIS||36.76||37.14||36.67||37.04||9.98M|
|Johnson & Johnson||JNJ||64.99||65.20||64.72||64.76||9.28M|
|Procter & Gamble||PG||63.45||64.00||63.40||63.94||9.26M|
|International Business Machines||IBM||129.76||131.04||129.54||130.73||5.29M|
Exchange Rates of April 26, 2010
|US Dollar||Japanese Yen||1 USD = 94.010 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.001 CAD||1 CAD = 0.999 USD|
|US Dollar||Swiss Franc||1 USD = 1.071 CHF||1 CHF = 0.934 USD|
|US Dollar||Chinese Yuan||1 USD = 6.828 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 125.900 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.866 GBP||1 GBP = 1.154 EUR|
|Euro||Australian Dollar||1 EUR = 1.444 AUD||1 AUD = 0.693 EUR|
|Euro||Canadian Dollar||1 EUR = 1.340 CAD||1 CAD = 0.746 EUR|
|Euro||Swiss Franc||1 EUR = 1.435 CHF||1 CHF = 0.697 EUR|
|Euro||Chinese Yuan||1 EUR = 9.146 CNY||1 CNY = 0.109 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.688 GBP||1 GBP = 1.453 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.146 AUD||1 AUD = 0.872 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.064 CAD||1 CAD = 0.940 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.140 CHF||1 CHF = 0.878 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.666 AUD||1 AUD = 0.600 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.546 CAD||1 CAD = 0.647 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.656 CHF||1 CHF = 0.604 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.538 CNY||1 CNY = 0.095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.928 CAD||1 CAD = 1.078 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 = 1.070 CHF||1 CHF = 0.934 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.821 CNY||1 CNY = 0.147 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.373 CNY||1 CNY = 0.157 CHF|