Financial news on April 29, 2008

Business and Financial news
2 Casualties Don’t Deter All-Business-Class Rivalry

High oil prices and stiff competition from major carriers might be taking its toll on the all-business-class start-ups, but don’t consign the concept to the ash heap yet. Read more..

By JOE SHARKEY - The New York Times

Crisis Catches Up to Deutsche Bank

The bank reported a pretax loss of 254 million euros ($396 million) for the first quarter, its first loss in five years, after writing down $4.2 billion in tainted loans and mortgage-backed securities. Read more..

By MARK LANDLER - The New York Times

Mars Offers $23 Billion Cash for Wrigley

Analysts expect the companies to become a potent new marketing force as they try to appeal to a fast-growing markets in countries like China, India and Russia. Read more..

By ANDREW MARTIN - The New York Times

No Break in the Standoff of Microsoft and Yahoo

The deadline that Microsoft imposed on Yahoo to reach a negotiated merger agreement passed April 26, and the two companies are still not talking. Read more..

By MIGUEL HELFT - The New York Times

Profit Rose 14% in Quarter for CBS

Helped by an increase in television revenue, CBS reported first-quarter net earnings of $244.3 million and raised its quarterly dividend. Read more..

By TIM ARANGO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE33,1933,2632,7532,8240.1M
Cisco SystemsCSCO25,2525,8225,2525,5137.9M
Abbott LaboratoriesABT53,3253,8152,9753,4833.5M
Oracle Corp.ORCL21,4221,8821,3321,7625.8M
JPMorgan ChaseJPM47,3447,7446,6247,0820.7M
Wells Fargo & Co.WFC30,3430,4329,7429,8819.4M
Wal-Mart StoresWMT57,4258,8057,4058,6117.7M
Procter & GamblePG66,2166,3665,8065,9016.6M
Verizon CommunicationsVZ37,9838,4137,8338,2116M
AT&T Inc.T38,3338,7938,1038,5915.4M
Home DepotHD29,6329,9729,1229,3611M
UnitedHealth GroupUNH33,4733,4832,9433,4010.6M
Walt Disney & Co.DIS32,3232,8832,2132,7610.2M
HP Inc.HPQ47,5948,0347,3247,849.46M
Bristol-Myers SquibbBMY22,1822,2921,8021,928.02M
Johnson & JohnsonJNJ67,2567,4967,1367,197.71M
International Business MachinesIBM122,05123,20122,04122,857.23M
Gilead SciencesGILD52,1552,5351,6151,715.76M
Union PacificUNP141,70145,16141,42143,933.91M
United TechnologiesUTX73,0973,3672,3473,113.38M
Berkshire HathawayBRK.B4299,004383,004285,004383,0017.6K
Exchange Rates of April 29, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104,080 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,013 CAD1 CAD = 0,987 USD
US DollarSwiss Franc1 USD = 1,038 CHF1 CHF = 0,963 USD
US DollarChinese Yuan1 USD = 6,985 CNY1 CNY = 0,143 USD
EuroJapanese Yen1 EUR = 162,010 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,790 GBP1 GBP = 1,266 EUR
EuroAustralian Dollar1 EUR = 1,668 AUD1 AUD = 0,599 EUR
EuroCanadian Dollar1 EUR = 1,577 CAD1 CAD = 0,634 EUR
EuroSwiss Franc1 EUR = 1,616 CHF1 CHF = 0,619 EUR
Japanese YenPound Sterling1 JPY = 0,488 GBP1 GBP = 2,051 JPY
Japanese YenAustralian Dollar1 JPY = 1,029 AUD1 AUD = 0,972 JPY
Japanese YenCanadian Dollar1 JPY = 0,973 CAD1 CAD = 1,028 JPY
Japanese YenSwiss Franc1 JPY = 0,997 CHF1 CHF = 1,003 JPY
Pound SterlingAustralian Dollar1 GBP = 2,111 AUD1 AUD = 0,474 GBP
Pound SterlingCanadian Dollar1 GBP = 1,996 CAD1 CAD = 0,501 GBP
Pound SterlingSwiss Franc1 GBP = 2,044 CHF1 CHF = 0,489 GBP
Australian DollarCanadian Dollar1 AUD = 0,945 CAD1 CAD = 1,059 AUD
Australian DollarSwiss Franc1 AUD = 0,968 CHF1 CHF = 1,033 AUD
Canadian DollarSwiss Franc1 CAD = 1,024 CHF1 CHF = 0,976 CAD

See what else happened on April 29, 2008