Financial news on April 26, 2010

Business and Financial news
A Change of Topics for Pandit: World Growth

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..

By CYRUS SANATI - The New York Times

Babson Winners Sell Viral Videos and Healthy Foods

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..

By DEALBOOK - The New York Times

Dow Ends Week Up, Extending Streak to 5 Days

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..

By DEALBOOK - The New York Times

Hertz to Buy Dollar Thrifty for $1.2 Billion

The deal would united two of the biggest names in the rental car business. Read more..

By DEALBOOK - The New York Times

Obama Fulfills Pledge With Entrepreneur Summit

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..

By DEALBOOK - The New York Times

Rich: Fight On, Goldman Sachs!

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..

By DEALBOOK - The New York Times

Stifel Financial and Thomas Weisel Merge

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..

By DEALBOOK - The New York Times

Summers on Goldman E-Mails and Transparency

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..

By DEALBOOK - The New York Times

The Rise of the Fleet-Footed Start-Up

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..

By DEALBOOK - The New York Times

Twitter Snaps Up a Text-Messaging Company

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..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 16.86 16.97 16.70 16.82 83.5M
General Electric GE 19.19 19.37 19.10 19.30 65.7M
Microsoft MSFT 31.00 31.28 30.86 31.11 63.6M
Intel INTC 24.08 24.13 23.81 23.82 57.7M
JPMorgan Chase JPM 44.78 44.81 43.73 43.89 42.9M
Wells Fargo & Co. WFC 33.36 33.45 32.59 32.72 36.2M
Cisco Systems CSCO 27.58 27.70 27.48 27.57 35.7M
Merck MRK 35.58 35.96 34.90 35.00 26.6M
Home Depot HD 36.52 37.03 36.46 36.49 22.1M
Oracle Corp. ORCL 26.50 26.61 26.25 26.47 20.1M
Abbott Laboratories ABT 51.08 51.77 50.06 50.37 19.7M
Comcast CMCSA 18.88 19.19 18.82 19.08 18.5M
ExxonMobil XOM 69.03 69.53 68.93 69.29 18.2M
AT&T Inc. T 26.23 26.42 26.21 26.27 17.8M
Verizon Communications VZ 28.98 29.10 28.84 28.94 17.4M
Altria MO 21.39 21.44 21.17 21.25 17.2M
Apple AAPL 271.88 272.46 268.19 269.50 17.1M
UnitedHealth Group UNH 31.12 31.15 29.70 29.85 16.6M
Gilead Sciences GILD 41.55 41.60 40.53 40.56 15M
Wal-Mart Stores WMT 54.53 54.70 54.01 54.04 14.8M
ConocoPhillips COP 58.16 58.47 58.06 58.30 14.3M
HP Inc. HPQ 53.93 54.60 53.82 54.26 12.1M
Bristol-Myers Squibb BMY 24.80 24.84 24.48 24.50 10.6M
Schlumberger SLB 72.60 73.17 72.25 72.69 10.6M
Walt Disney & Co. DIS 36.76 37.14 36.67 37.04 9.98M
Chevron CVX 82.52 83.14 82.34 82.59 9.79M
Amazon AMZN 143.20 147.73 142.90 147.11 9.32M
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
Coca-Cola KO 54.00 54.35 53.73 53.73 8.95M
Alphabet GOOGL 544.97 544.99 529.21 531.64 8.73M
Pepsico PEP 64.84 65.44 64.61 65.02 8.1M
3M MMM 86.82 87.79 86.74 87.44 6.29M
Amgen AMGN 58.98 59.20 58.41 58.43 6.16M
International Business Machines IBM 129.76 131.04 129.54 130.73 5.29M
Berkshire Hathaway BRK.B 78.99 79.67 78.95 79.24 4.66M
Visa V 97.03 97.19 95.54 96.00 4.57M
Union Pacific UNP 77.04 77.16 76.36 77.11 4.35M
Boeing BA 74.58 75.29 74.14 74.34 4.02M
United Technologies UTX 76.57 77.08 76.26 76.40 3.46M
McDonald's MCD 71.20 71.41 70.73 71.02 1.77M
Exchange Rates of April 26, 2010
CurrenciesExchange Rates
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

See what else happened on April 26, 2010