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
MicrosoftMSFT28,8028,9028,4528,6484.4M
MerckMRK38,2038,4036,9737,1480.5M
PfizerPFE20,2520,3020,0020,2449.7M
VisaV73,2880,8871,0080,8849.3M
AltriaMO21,1621,3820,1120,2447.2M
IntelINTC22,5922,8022,4522,6240.7M
General ElectricGE33,1933,2632,7532,8240.1M
Cisco SystemsCSCO25,2525,8225,2525,5137.9M
Abbott LaboratoriesABT53,3253,8152,9753,4833.5M
AppleAAPL171,11175,66170,25175,0533M
ExxonMobilXOM92,4293,6491,7991,7929.4M
Oracle Corp.ORCL21,4221,8821,3321,7625.8M
JPMorgan ChaseJPM47,3447,7446,6247,0820.7M
ChevronCVX92,6195,3292,6194,7419.5M
Wells Fargo & Co.WFC30,3430,4329,7429,8819.4M
ConocoPhillipsCOP84,1985,9084,1985,4517.8M
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
ComcastCMCSA19,7220,3119,7220,2612.5M
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
AlphabetGOOGL550,22563,40550,01558,478.68M
Bristol-Myers SquibbBMY22,1822,2921,8021,928.02M
McDonald'sMCD59,6360,5059,1560,207.82M
Johnson & JohnsonJNJ67,2567,4967,1367,197.71M
Coca-ColaKO58,8059,0058,3758,727.43M
SchlumbergerSLB101,31101,4298,7499,267.35M
International Business MachinesIBM122,05123,20122,04122,857.23M
AmazonAMZN81,4281,7779,8680,746.73M
Gilead SciencesGILD52,1552,5351,6151,715.76M
AmgenAMGN41,9442,3341,6542,135.14M
PepsicoPEP68,2168,5067,7868,204.85M
BoeingBA84,5486,4584,5485,534.49M
Union PacificUNP141,70145,16141,42143,933.91M
3MMMM77,1977,7376,7876,863.61M
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

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