Financial news on April 27, 2010

Business and Financial news
Airlines Bickering Over Calculations

How to calculate the share price in a potential stock-swap merger between United Airlines and Continental Airlines remains a sticky issue for the parties to resolve, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

C&C Planning Canadian I.P.O.

C&C Energy Canada is planning an initial public offering next month to raise about 165 million Canadian dollars, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Deutsche Bank in Mortgage Securities Lawsuit

Deutsche Bank faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany’s biggest lender noted in its first-quarter report. Read more..

By DEALBOOK - The New York Times

Deutsche Profit Up by a Third

Deutsche Bank, Germany’s largest bank, said Tuesday that its profit rose by a third in the first quarter of 2010, well above expectations, driven by a revival in investment banking, The New York Times reported. Read more..

By DEALBOOK - The New York Times

Ernst & Young Is Added to a Lehman Lawsuit

The investor lawsuit was filed on behalf of a group of retirement funds over Repo 105 deals. Read more..

By BLOOMBERG NEWS - The New York Times

Hollywood Ending for the Hollywood Sign

Hugh Hefner, the Hollywood playboy, contributed nearly $1 million to close a gap in a $12.5 million fund-raising drive to buy land around the Hollywood sign earmarked for residential development, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Oracle C.E.O. Sets Up Prearranged Trading Plan

Oracle said Monday that Larry Ellison, its chief executive, set up a prearranged plan to sell up to 50 million shares — or about 4 percent of his stake in the company – over 10 months, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

Pru Shareholder Might Kill AIA Takeover

Capital Research and Management, Prudential Plc’s largest shareholder, could potentially scupper the British insurer’s $35.5 billion takeover of Asian rival AIA, The Daily Telegraph reported Tuesday. Read more..

By DEALBOOK - The New York Times

UAL Corporation Reports Smaller Quarterly Loss

The UAL Corporation, the parent of United Airlines, on Tuesday posted a $92 million loss for the first quarter, almost a fifth of what it lost for the same quarter last year in the midst of the financial crisis. Read more..

By DEALBOOK - The New York Times

Wind Project Is Crucial Step for U.S. Sector

Despite a decade of efforts, not a single offshore turbine has been built in the United States, The New York Times’s Tom Zeller Jr. writes. Now that may be changing. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 19.24 19.49 18.59 18.70 110M
Pfizer PFE 16.71 16.85 16.40 16.46 91.5M
Intel INTC 23.73 23.88 23.30 23.35 78.9M
Microsoft MSFT 30.95 31.25 30.75 30.85 68.7M
JPMorgan Chase JPM 43.48 44.37 42.30 42.41 66.3M
Cisco Systems CSCO 27.41 27.58 26.73 27.01 57.2M
Wells Fargo & Co. WFC 32.20 33.07 31.65 31.72 52.7M
ExxonMobil XOM 69.01 70.00 68.20 68.27 36.4M
AT&T Inc. T 26.20 26.31 25.88 25.95 33.9M
Comcast CMCSA 19.00 19.13 18.37 18.46 28.3M
Verizon Communications VZ 28.89 28.95 28.60 28.75 26.6M
Oracle Corp. ORCL 26.34 26.52 25.90 25.98 26.2M
Apple AAPL 267.27 267.84 260.52 262.04 25.3M
ConocoPhillips COP 57.50 58.49 54.26 57.54 23.4M
Abbott Laboratories ABT 50.28 50.56 49.68 49.77 21.8M
Home Depot HD 36.38 36.38 35.21 35.29 20.6M
Merck MRK 34.85 35.48 34.41 34.48 19.5M
Wal-Mart Stores WMT 53.60 54.42 53.53 54.04 19.2M
Altria MO 21.25 21.25 20.91 20.92 19M
Gilead Sciences GILD 40.98 41.15 40.20 40.37 17.5M
UnitedHealth Group UNH 29.84 30.36 29.62 29.80 16.2M
Schlumberger SLB 72.39 72.59 70.00 70.31 14.7M
HP Inc. HPQ 54.02 54.25 53.11 53.25 14.6M
Coca-Cola KO 53.66 53.86 52.84 52.87 13.8M
Bristol-Myers Squibb BMY 24.45 24.57 24.13 24.21 13.6M
Chevron CVX 82.08 82.51 80.07 80.23 13M
Procter & Gamble PG 63.24 63.90 63.04 63.11 12.8M
Johnson & Johnson JNJ 64.57 64.88 64.21 64.28 11.9M
3M MMM 89.92 90.25 87.77 87.97 11.1M
Walt Disney & Co. DIS 36.78 36.82 36.16 36.32 10.9M
International Business Machines IBM 129.90 132.00 128.71 128.82 10.9M
Amazon AMZN 145.55 146.44 141.11 142.02 8.64M
Pepsico PEP 64.93 65.20 64.07 64.23 8.62M
McDonald's MCD 70.71 71.33 70.40 70.53 8.15M
Alphabet GOOGL 528.94 538.33 527.24 529.06 7.68M
United Technologies UTX 76.21 76.35 74.07 74.32 6.24M
Amgen AMGN 58.20 58.92 57.78 57.84 6.18M
Boeing BA 74.65 74.93 72.23 72.48 6.05M
Berkshire Hathaway BRK.B 78.32 78.67 76.57 76.69 6.04M
Union Pacific UNP 76.85 77.58 75.95 76.07 5.91M
Visa V 95.95 96.23 92.89 92.95 4.47M
Exchange Rates of April 27, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.100 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.016 CAD 1 CAD = 0.984 USD
US Dollar Swiss Franc 1 USD = 1.088 CHF 1 CHF = 0.919 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 122.570 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.863 GBP 1 GBP = 1.159 EUR
Euro Australian Dollar 1 EUR = 1.438 AUD 1 AUD = 0.695 EUR
Euro Canadian Dollar 1 EUR = 1.338 CAD 1 CAD = 0.748 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 8.980 CNY 1 CNY = 0.111 EUR
Japanese Yen Pound Sterling 1 JPY = 0.704 GBP 1 GBP = 1.421 JPY
Japanese Yen Australian Dollar 1 JPY = 1.173 AUD 1 AUD = 0.853 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.091 CAD 1 CAD = 0.917 JPY
Japanese Yen Swiss Franc 1 JPY = 1.169 CHF 1 CHF = 0.856 JPY
Pound Sterling Australian Dollar 1 GBP = 1.666 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.549 CAD 1 CAD = 0.645 GBP
Pound Sterling Swiss Franc 1 GBP = 1.660 CHF 1 CHF = 0.603 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.391 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.930 CAD 1 CAD = 1.075 AUD
Australian Dollar Swiss Franc 1 AUD = 0.995 CHF 1 CHF = 1.005 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.242 CNY 1 CNY = 0.160 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.071 CHF 1 CHF = 0.934 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.715 CNY 1 CNY = 0.149 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.266 CNY 1 CNY = 0.160 CHF

See what else happened on April 27, 2010