Financial news on April 28, 2010

Business and Financial news
Bank of America Names a New Chairman

Bank of America named DuPont’s longtime chief executive, Charles O. Holliday Jr., as its chairman, succeeding Walter E. Massey. Read more..

By DEALBOOK - The New York Times

Bay Area’s Anchor Brewing Is Sold

Anchor Brewing, the San Francisco beer company that helped spark the modern microbrewery movement, has been sold to two Bay Area entrepreneurs who are in the artisan beer and spirits business. Read more..

By DEALBOOK - The New York Times

Ford Makes $2.1 Billion, Its Fourth Consecutive Quarterly Profit

The company said it expected “solid profits” and positive cash flow from automotive operations for all of 2010. Read more..

By NICK BUNKLEY - The New York Times

Goldman Wins Top Spot in Private Equity Ranking

Goldman Sachs may be a bank holding company, but its private equity unit is ranked first place on Private Equity International’s latest list of the largest private equity firms, supplanting pure-play firms like last year’s winner, TPG. Read more..

By CYRUS SANATI - The New York Times

Panel Assails Goldman; Greek Fears Seize European Union

Even before the first question was leveled inside the Senate chamber, Tuesday was going to be uncomfortable for Goldman Sachs. But then the questions kept coming — and coming and coming. Read more..

By DEALBOOK - The New York Times

Republicans Reject Finance Bill Again, and Offer a Plan of Their Own

The Senate rejected a second Democratic attempt to bring the regulatory bill to the floor of the Senate, prompting a rebuke from President Obama. Read more..

By EDWARD WYATT and DAVID M. HERSZENHORN - The New York Times

Sales, Not I.P.O.’s, Becomes Popular in Australia

Private equity firms looking to sell some of their midsize Australian businesses are finding strong enough interest from trade buyers so that they may be able to avoid I.P.O.s, after a poor run for recent stock market listings. Read more..

By DEALBOOK - The New York Times

Singapore Exports Its Government Expertise in Urban Planning

The city-state, which successfully solved its own problems with overcrowding and infrastructure, is helping developing countries by, in effect, selling the Singapore Inc. model. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

The Goldman E-Mails, or How to Sell Junk

Goldman Sachs e-mails released Tuesday support one of the most important criticisms of the bank — that it serves itself at the expense of its clients — and illustrate the conflicts of interest that arise when banks’ proprietary trading overlaps with customer sales. Read more..

By CHRIS V. NICHOLSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.41 23.46 22.91 23.26 109M
General Electric GE 18.67 19.09 18.65 18.95 85M
Microsoft MSFT 30.92 31.00 30.62 30.91 64.6M
Pfizer PFE 16.47 16.64 16.39 16.53 60.7M
Cisco Systems CSCO 27.11 27.38 26.82 27.04 54.5M
JPMorgan Chase JPM 42.84 43.71 42.78 43.46 48.6M
Comcast CMCSA 19.00 19.20 18.40 18.81 39.1M
Wells Fargo & Co. WFC 32.07 32.65 31.97 32.45 39M
AT&T Inc. T 26.00 26.10 25.63 25.91 34.2M
ExxonMobil XOM 68.87 69.54 68.61 69.19 33.2M
Oracle Corp. ORCL 26.02 26.11 25.78 25.86 31.8M
Verizon Communications VZ 28.85 29.25 28.72 29.12 28.4M
Apple AAPL 263.25 264.00 256.41 261.60 27.1M
ConocoPhillips COP 57.59 58.80 57.42 58.55 22.9M
Abbott Laboratories ABT 49.94 50.42 49.41 50.27 19.4M
Home Depot HD 35.43 35.65 35.03 35.19 19.4M
Merck MRK 34.50 34.80 34.20 34.56 16.9M
HP Inc. HPQ 53.11 53.54 53.10 53.28 16.1M
Altria MO 21.08 21.11 20.91 21.02 15M
Wal-Mart Stores WMT 53.92 54.10 53.52 53.61 14.9M
Bristol-Myers Squibb BMY 24.30 24.59 24.07 24.34 14.1M
Gilead Sciences GILD 40.36 40.87 40.24 40.68 13.9M
UnitedHealth Group UNH 29.93 30.62 29.71 30.44 13.3M
Procter & Gamble PG 62.65 63.46 62.41 63.17 13.1M
Johnson & Johnson JNJ 64.43 64.86 64.25 64.62 12.5M
Coca-Cola KO 53.01 53.57 52.56 53.36 12.4M
Chevron CVX 80.62 80.92 79.85 80.62 12.1M
Walt Disney & Co. DIS 36.52 36.55 35.96 36.29 10.9M
Schlumberger SLB 70.77 71.14 69.12 71.01 10.9M
Pepsico PEP 64.28 64.82 63.60 64.75 10.2M
Amazon AMZN 142.59 142.75 138.69 139.35 9.24M
McDonald's MCD 70.48 70.73 69.76 70.34 7.59M
International Business Machines IBM 129.40 130.47 129.03 130.10 7.12M
Alphabet GOOGL 532.10 534.83 521.03 529.19 6.81M
Amgen AMGN 57.92 58.56 57.78 58.18 6.24M
United Technologies UTX 74.64 74.90 73.56 74.66 6.12M
3M MMM 88.89 89.08 87.65 88.24 5.73M
Boeing BA 72.95 72.99 71.34 72.37 5.7M
Visa V 93.72 94.06 92.30 93.61 5.1M
Berkshire Hathaway BRK.B 77.00 77.68 76.90 77.17 4.36M
Union Pacific UNP 76.32 76.79 75.51 75.94 3.67M
Exchange Rates of April 28, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.150 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.010 CAD 1 CAD = 0.991 USD
US Dollar Swiss Franc 1 USD = 1.086 CHF 1 CHF = 0.921 USD
US Dollar Chinese Yuan 1 USD = 6.826 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 124.320 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.869 GBP 1 GBP = 1.151 EUR
Euro Australian Dollar 1 EUR = 1.427 AUD 1 AUD = 0.701 EUR
Euro Canadian Dollar 1 EUR = 1.333 CAD 1 CAD = 0.750 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 9.013 CNY 1 CNY = 0.111 EUR
Japanese Yen Pound Sterling 1 JPY = 0.698 GBP 1 GBP = 1.432 JPY
Japanese Yen Australian Dollar 1 JPY = 1.147 AUD 1 AUD = 0.872 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.072 CAD 1 CAD = 0.933 JPY
Japanese Yen Swiss Franc 1 JPY = 1.153 CHF 1 CHF = 0.868 JPY
Pound Sterling Australian Dollar 1 GBP = 1.643 AUD 1 AUD = 0.609 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.535 CAD 1 CAD = 0.652 GBP
Pound Sterling Swiss Franc 1 GBP = 1.650 CHF 1 CHF = 0.606 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.361 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.071 AUD
Australian Dollar Swiss Franc 1 AUD = 1.004 CHF 1 CHF = 0.996 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.315 CNY 1 CNY = 0.158 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.075 CHF 1 CHF = 0.930 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.760 CNY 1 CNY = 0.148 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.287 CNY 1 CNY = 0.159 CHF

See what else happened on April 28, 2010