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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.80 28.90 28.45 28.64 84.4M
Merck MRK 38.20 38.40 36.97 37.14 80.5M
Pfizer PFE 20.25 20.30 20.00 20.24 49.7M
Visa V 73.28 80.88 71.00 80.88 49.3M
Altria MO 21.16 21.38 20.11 20.24 47.2M
Intel INTC 22.59 22.80 22.45 22.62 40.7M
General Electric GE 33.19 33.26 32.75 32.82 40.1M
Cisco Systems CSCO 25.25 25.82 25.25 25.51 37.9M
Abbott Laboratories ABT 53.32 53.81 52.97 53.48 33.5M
Apple AAPL 171.11 175.66 170.25 175.05 33M
ExxonMobil XOM 92.42 93.64 91.79 91.79 29.4M
Oracle Corp. ORCL 21.42 21.88 21.33 21.76 25.8M
JPMorgan Chase JPM 47.34 47.74 46.62 47.08 20.7M
Chevron CVX 92.61 95.32 92.61 94.74 19.5M
Wells Fargo & Co. WFC 30.34 30.43 29.74 29.88 19.4M
ConocoPhillips COP 84.19 85.90 84.19 85.45 17.8M
Wal-Mart Stores WMT 57.42 58.80 57.40 58.61 17.7M
Procter & Gamble PG 66.21 66.36 65.80 65.90 16.6M
Verizon Communications VZ 37.98 38.41 37.83 38.21 16M
AT&T Inc. T 38.33 38.79 38.10 38.59 15.4M
Comcast CMCSA 19.72 20.31 19.72 20.26 12.5M
Home Depot HD 29.63 29.97 29.12 29.36 11M
UnitedHealth Group UNH 33.47 33.48 32.94 33.40 10.6M
Walt Disney & Co. DIS 32.32 32.88 32.21 32.76 10.2M
HP Inc. HPQ 47.59 48.03 47.32 47.84 9.46M
Alphabet GOOGL 550.22 563.40 550.01 558.47 8.68M
Bristol-Myers Squibb BMY 22.18 22.29 21.80 21.92 8.02M
McDonald's MCD 59.63 60.50 59.15 60.20 7.82M
Johnson & Johnson JNJ 67.25 67.49 67.13 67.19 7.71M
Coca-Cola KO 58.80 59.00 58.37 58.72 7.43M
Schlumberger SLB 101.31 101.42 98.74 99.26 7.35M
International Business Machines IBM 122.05 123.20 122.04 122.85 7.23M
Amazon AMZN 81.42 81.77 79.86 80.74 6.73M
Gilead Sciences GILD 52.15 52.53 51.61 51.71 5.76M
Amgen AMGN 41.94 42.33 41.65 42.13 5.14M
Pepsico PEP 68.21 68.50 67.78 68.20 4.85M
Boeing BA 84.54 86.45 84.54 85.53 4.49M
Union Pacific UNP 141.70 145.16 141.42 143.93 3.91M
3M MMM 77.19 77.73 76.78 76.86 3.61M
United Technologies UTX 73.09 73.36 72.34 73.11 3.38M
Berkshire Hathaway BRK.B 4299.00 4383.00 4285.00 4383.00 17.6K
Exchange Rates of April 29, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 104.080 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.013 CAD 1 CAD = 0.987 USD
US Dollar Swiss Franc 1 USD = 1.038 CHF 1 CHF = 0.963 USD
US Dollar Chinese Yuan 1 USD = 6.985 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 162.010 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.790 GBP 1 GBP = 1.266 EUR
Euro Australian Dollar 1 EUR = 1.668 AUD 1 AUD = 0.599 EUR
Euro Canadian Dollar 1 EUR = 1.577 CAD 1 CAD = 0.634 EUR
Euro Swiss Franc 1 EUR = 1.616 CHF 1 CHF = 0.619 EUR
Japanese Yen Pound Sterling 1 JPY = 0.488 GBP 1 GBP = 2.051 JPY
Japanese Yen Australian Dollar 1 JPY = 1.029 AUD 1 AUD = 0.972 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.973 CAD 1 CAD = 1.028 JPY
Japanese Yen Swiss Franc 1 JPY = 0.997 CHF 1 CHF = 1.003 JPY
Pound Sterling Australian Dollar 1 GBP = 2.111 AUD 1 AUD = 0.474 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.996 CAD 1 CAD = 0.501 GBP
Pound Sterling Swiss Franc 1 GBP = 2.044 CHF 1 CHF = 0.489 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.945 CAD 1 CAD = 1.059 AUD
Australian Dollar Swiss Franc 1 AUD = 0.968 CHF 1 CHF = 1.033 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.024 CHF 1 CHF = 0.976 CAD

See what else happened on April 29, 2008