Financial news on April 29th, 2009

Business and Financial news
A New Plan to Help Modify Second Mortgages

The Treasury will offer incentives to lenders to modify or forgive second mortgages. Read more..

By EDMUND L. ANDREWS - The New York Times

Holdouts Jeopardize Debt Plan for Chrysler

The Treasury Department has told the lenders that they must accept $2 billion in cash to eliminate about $6.9 billion in secured debt by a deadline on Thursday. Read more..

By BILL VLASIC - The New York Times

Media Drumbeat Amplifies Coverage of Flu Outbreak

In meeting the demands of the 24-hour cycle and the Internet, experts say the news media must strike a balance between being thorough and risking panic. Read more..

By TIM ARANGO and BRIAN STELTER - The New York Times

Navy Boot Camp Stays in Revamp Mode

The Great Lakes Naval Station has been on a $770 million construction kick for more than a decade, and is already planning another effort to renovate the original sector of the base. Read more..

By LONG HWA-SHU - The New York Times

USA Today Names New Publisher and Editor

USA Today, the nation’s largest newspaper by circulation, named a new publisher and new editor. Read more..

By TIM ARANGO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC19.8420.6919.3519.97143M
General ElectricGE12.1712.5712.1112.22102M
JPMorgan ChaseJPM33.4434.5633.2534.4884.7M
Cisco SystemsCSCO18.8319.5318.7319.2548.5M
Wal-Mart StoresWMT48.8551.1048.5050.4534.3M
AT&T Inc.T25.9026.0925.3525.5233.4M
Oracle Corp.ORCL19.4619.8019.4119.6028.3M
Walt Disney & Co.DIS19.6821.4319.4721.0128.3M
Bristol-Myers SquibbBMY19.7019.7318.8319.1522.7M
Verizon CommunicationsVZ31.0531.2530.1530.4121.5M
Home DepotHD26.2726.8526.0226.3421.3M
Johnson & JohnsonJNJ51.0551.0950.1251.0318.5M
Abbott LaboratoriesABT43.1343.1842.3942.6216.9M
HP Inc.HPQ35.5837.0035.4936.4514M
Procter & GamblePG49.9150.9749.8250.4211.4M
UnitedHealth GroupUNH24.0524.2523.2723.8711.3M
International Business MachinesIBM101.98105.00101.67104.049.78M
Gilead SciencesGILD48.0148.2046.6946.966.93M
Union PacificUNP47.6049.9047.5748.926.08M
United TechnologiesUTX48.4749.6648.1548.915.53M
Berkshire HathawayBRK.B2950.003073.502930.503073.5052.2K
Exchange Rates of April 29th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.630 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.205 CAD1 CAD = 0.830 USD
US DollarSwiss Franc1 USD = 1.137 CHF1 CHF = 0.880 USD
US DollarChinese Yuan1 USD = 6.824 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 129.400 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.898 GBP1 GBP = 1.114 EUR
EuroAustralian Dollar1 EUR = 1.831 AUD1 AUD = 0.546 EUR
EuroCanadian Dollar1 EUR = 1.596 CAD1 CAD = 0.626 EUR
EuroSwiss Franc1 EUR = 1.507 CHF1 CHF = 0.664 EUR
EuroChinese Yuan1 EUR = 9.048 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.694 GBP1 GBP = 1.441 JPY
Japanese YenAustralian Dollar1 JPY = 1.414 AUD1 AUD = 0.707 JPY
Japanese YenCanadian Dollar1 JPY = 1.233 CAD1 CAD = 0.811 JPY
Japanese YenSwiss Franc1 JPY = 1.164 CHF1 CHF = 0.859 JPY
Pound SterlingAustralian Dollar1 GBP = 2.038 AUD1 AUD = 0.491 GBP
Pound SterlingCanadian Dollar1 GBP = 1.778 CAD1 CAD = 0.563 GBP
Pound SterlingSwiss Franc1 GBP = 1.677 CHF1 CHF = 0.596 GBP
Australian DollarCanadian Dollar1 AUD = 0.871 CAD1 CAD = 1.148 AUD
Australian DollarSwiss Franc1 AUD = 0.822 CHF1 CHF = 1.216 AUD
Australian DollarChinese Yuan1 AUD = 4.943 CNY1 CNY = 0.202 AUD
Canadian DollarSwiss Franc1 CAD = 0.943 CHF1 CHF = 1.060 CAD
Canadian DollarChinese Yuan1 CAD = 5.670 CNY1 CNY = 0.176 CAD

See what else happened on April 29th, 2009