Financial news on April 29th, 2010

Business and Financial news
Amadeus Raises $1.74 Billion in I.P.O.

With $1.74 billion raised, Amadeus IT Holding has completed the largest initial public offering in Western Europe since 2008, Bloomberg News reported. Read more..

By DEALBOOK - The New York Times

Bringing an Innovative Razor to the Masses

How two brothers in Florida invented a razor and tried to take shelf space from Gillette and Schick. Read more..

By MICKEY MEECE - The New York Times

E.U. Says, ‘Greece’s Needs Will Be Met on Time’

José Manuel Barroso, the president of the European Commission, said that European Union officials were doing all they could to ensure that loans were soon provided to Greece. Read more..

By DEALBOOK - The New York Times

Ex-McDonald’s Visionary Beats His Investment Drum

When it comes to understanding U.S. sensibilities, Mats Lederhausen, the former McDonald’s wunderkind, has always been ahead of the curve. Now he is forging his own investment agenda. Read more..

By DEALBOOK - The New York Times

Goldman and Its Lobbyists Spurned in Finance Fight

Last week, White House officials quietly approached leading financial firms seeking formal letters of support for a Congressional overhaul of financial regulations. One Wall Street powerhouse was left off the list: Goldman Sachs. Read more..

By DEALBOOK - The New York Times

Goldman Stock ‘Dead Money’ at Best, Calamos Says

Calamos Investments sold its Goldman Sachs holdings when the news of the civil fraud charges against the bank hit, fearing the stock was at best “dead money,” Nick Calamos told Reuters on Wednesday. Read more..

By DEALBOOK - The New York Times

Irish Official Calls Markets 'Irrational'

A top Irish finance official criticized the soaring borrowing costs many European governments are facing and played down any comparison of Ireland’s financial situation to that of Greece. Read more..

By DAVID JOLLY - International Herald Tribune

Omers Said to Cut Out Middlemen in Talks for I.S.S.

The Canadian pension fund is close to edging out four private equity firms by acquiring the port and shipping group Inchcape Shipping Services, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

PPL to Buy 2 Kentucky Utilities for $6.7 Billion

The big American power company agreed to acquire Kentucky’s two largest utility companies from E.ON of Germany for $6.7 billion in cash. Read more..

By DEALBOOK - The New York Times

Republicans Allow Debate on Financial Overhaul

With political pressure mounting, Senate Republicans relented on Wednesday and agreed to let Democrats open debate on legislation that would impose the most far-reaching overhaul of the nation’s financial regulatory system since the aftermath of the Depression. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.0419.4919.0319.4970.1M
Cisco SystemsCSCO27.1027.6427.1027.5341.9M
JPMorgan ChaseJPM43.8944.3343.6044.0036.5M
Wells Fargo & Co.WFC32.7933.4032.7333.2331M
Procter & GamblePG62.2862.9760.8362.2027.3M
AT&T Inc.T26.0826.3025.9426.1425.6M
Bristol-Myers SquibbBMY25.2825.9325.0025.3720.7M
HP Inc.HPQ52.6153.0052.5552.8819.5M
Abbott LaboratoriesABT50.5151.1350.3450.7519.3M
Oracle Corp.ORCL25.9926.1425.7125.9718.6M
Gilead SciencesGILD40.7641.0840.3240.4016.8M
Home DepotHD35.4535.9635.4135.5616.3M
Verizon CommunicationsVZ29.2229.3229.1229.2215.9M
UnitedHealth GroupUNH30.8131.7430.7931.3013.6M
Wal-Mart StoresWMT53.6654.2353.5553.7013.3M
Walt Disney & Co.DIS36.5037.3936.5037.2210.6M
Johnson & JohnsonJNJ64.8565.3464.8565.017.93M
International Business MachinesIBM130.55131.21130.15130.465.79M
United TechnologiesUTX75.3176.3575.1676.024.97M
Berkshire HathawayBRK.B77.7178.1477.6478.094.33M
Union PacificUNP76.8778.0976.3777.653.55M
Exchange Rates of April 29th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.020 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.006 CAD1 CAD = 0.994 USD
US DollarSwiss Franc1 USD = 1.083 CHF1 CHF = 0.923 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 124.510 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.864 GBP1 GBP = 1.158 EUR
EuroAustralian Dollar1 EUR = 1.428 AUD1 AUD = 0.700 EUR
EuroCanadian Dollar1 EUR = 1.332 CAD1 CAD = 0.751 EUR
EuroSwiss Franc1 EUR = 1.434 CHF1 CHF = 0.697 EUR
EuroChinese Yuan1 EUR = 9.044 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.693 GBP1 GBP = 1.444 JPY
Japanese YenAustralian Dollar1 JPY = 1.144 AUD1 AUD = 0.874 JPY
Japanese YenCanadian Dollar1 JPY = 1.069 CAD1 CAD = 0.936 JPY
Japanese YenSwiss Franc1 JPY = 1.151 CHF1 CHF = 0.869 JPY
Pound SterlingAustralian Dollar1 GBP = 1.653 AUD1 AUD = 0.605 GBP
Pound SterlingCanadian Dollar1 GBP = 1.542 CAD1 CAD = 0.648 GBP
Pound SterlingSwiss Franc1 GBP = 1.661 CHF1 CHF = 0.602 GBP
Pound SterlingChinese Yuan1 GBP = 10.461 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 1.004 CHF1 CHF = 0.996 AUD
Australian DollarChinese Yuan1 AUD = 6.334 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.076 CHF1 CHF = 0.929 CAD
Canadian DollarChinese Yuan1 CAD = 6.785 CNY1 CNY = 0.147 CAD
Swiss FrancChinese Yuan1 CHF = 6.305 CNY1 CNY = 0.159 CHF

See what else happened on April 29th, 2010