Financial news on April 29, 2013

Business and Financial news
787 Returns to Japanese Skies, but It's Only a Start

After a smooth test flight to test troublesome batteries, Boeing and ANA must now turn to a more delicate task -- selling passingers on the idea that the Dreamliner is safe. Read more..

By HIROKO TABUCHI - International Herald Tribune

A Nasty, Epic Real Estate Battle With Stakes 102 Stories High

Malkin family is awaiting court's decision on lawsuit challenging their plans to offer to the public shares in 19 properties in the New York area that they oversee, including Empire State Building; offering would catapult Malkin family into elite of Manhattan real estate, valuing their stake at estimated $730 million and installing Anthony Malkin as chairman of a major new company, Empire State Realty Trust. Read more..

By CHARLES V. BAGLI and JULIE CRESWELL - The New York Times

As Jobs Lag, Fed Is Viewed as Unlikely to Do More

The share of Americans holding jobs has failed to improve much over the last three years, but Federal Reserve officials show little interest in expanding their stimulus campaign. Read more..

By BINYAMIN APPELBAUM - The New York Times

Beastie Boys Sign a Memoir Deal

Media Decoder blog; Michael Diamond and Adam Horovitz, surviving members of hip-hop group Beastie Boys, sign deal with Spiegel & Grau to write eclectic memoir of the band. Read more..

By BEN SISARIO - The New York Times

Center Will Offer New Tools for Measuring the Impact of Media Beyond Numbers

University of Southern California's Norman Lear Center has received $3.25 million in financing from Bill and Melinda Gates Foundation and John S and James L Knight Foundation to create a global hub for people who measure actual impact of media--journalistic, cinematic, social and otherwise. Read more..

By MICHAEL CIEPLY - The New York Times

Keep Sight of Need for Structural Overhauls

The euro crisis was not caused by austerity but rather stemmed from the fact that many economies had become flabby and uncompetitive. Those problems still need to be dealt with. Read more..

By HUGO DIXON | REUTERS - International Herald Tribune

Push to Require Online Sales Tax Divides the G.O.P.

Antitax groups seem to be losing their influence, as Republican lawmakers’ constituents support legislation that would require Internet retailers to collect sales taxes. Read more..

By JONATHAN WEISMAN - The New York Times

Spreading the Risk With Real Estate

Commercial real estate has long had a place in the portfolios of wealthy investors, who see it as a useful diversification away from more volatile assets like stocks or bonds. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Stocks React to Social Media Mishaps

The Times’s Amy Chozick discusses the fallout of a hacked Twitter message that dropped stock prices last week and is now raising questions in the markets. Read more..

Channon Hodge, Pedro Rafael Rosado, Erica Berenstein and Alyssa Kim - The New York Times

Twitter Speaks, Markets Listen and Fears Rise

After a Twitter hoax caused the Dow to drop temporarily by 150 points, regulators are increasingly concerned about the combination of social media and high-frequency trading. Read more..

By AMY CHOZICK and NICOLE PERLROTH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.44 23.83 23.40 23.76 102M
Microsoft MSFT 31.80 32.68 31.77 32.61 59.1M
General Electric GE 22.31 22.32 22.00 22.27 36.5M
Oracle Corp. ORCL 32.39 32.50 32.14 32.24 31.4M
Cisco Systems CSCO 20.65 21.07 20.47 20.98 29.5M
Facebook FB 27.16 27.41 26.86 26.98 29.2M
Pfizer PFE 30.12 30.58 29.93 30.43 27.7M
Apple AAPL 420.45 433.62 420.00 430.12 22.9M
AT&T Inc. T 37.12 37.34 37.02 37.30 18.9M
Wells Fargo & Co. WFC 37.95 37.98 37.76 37.88 16M
HP Inc. HPQ 20.04 20.61 19.92 20.50 15.9M
JPMorgan Chase JPM 49.08 49.10 48.65 48.92 13.5M
Merck MRK 47.88 48.12 47.72 47.82 11.4M
Coca-Cola KO 42.24 42.29 41.92 42.24 11.3M
ExxonMobil XOM 88.26 88.83 88.01 88.21 11.1M
Gilead Sciences GILD 51.36 51.63 50.77 51.09 10.8M
Verizon Communications VZ 53.65 53.72 53.26 53.46 10.1M
Altria MO 36.11 36.61 36.00 36.61 8.97M
Comcast CMCSA 41.62 41.69 41.28 41.49 8.38M
Johnson & Johnson JNJ 85.02 85.89 84.91 85.58 8.04M
Walt Disney & Co. DIS 62.82 63.25 62.59 63.00 7.2M
Amazon AMZN 254.90 257.01 249.15 249.74 7.12M
Bristol-Myers Squibb BMY 40.13 40.28 39.81 39.91 6.72M
Procter & Gamble PG 77.56 77.98 77.23 77.68 6.64M
Boeing BA 91.40 92.41 91.19 91.90 6.27M
General Motors GM 30.62 30.90 30.42 30.79 6.2M
Wal-Mart Stores WMT 79.08 79.25 78.15 78.39 6.16M
International Business Machines IBM 194.78 199.68 194.65 199.15 5.93M
ConocoPhillips COP 59.29 60.05 59.02 59.90 5.65M
Schlumberger SLB 73.56 74.28 72.94 74.03 5.21M
Chevron CVX 120.44 121.60 120.04 121.32 5.16M
UnitedHealth Group UNH 59.95 60.49 59.81 60.01 4.86M
Alphabet GOOGL 803.25 822.70 803.00 819.06 4.6M
Home Depot HD 73.44 74.02 73.39 73.67 4.52M
Amgen AMGN 108.15 108.38 106.33 106.67 4.29M
McDonald's MCD 101.56 102.52 101.15 102.18 3.42M
Abbott Laboratories ABT 36.49 36.79 36.40 36.73 3.11M
United Technologies UTX 91.27 91.79 90.62 91.62 2.99M
3M MMM 103.91 104.20 102.89 103.83 2.9M
Pepsico PEP 82.51 82.92 82.42 82.65 2.85M
Visa V 167.73 168.50 167.16 167.90 2.67M
Berkshire Hathaway BRK.B 107.19 107.40 106.41 106.61 2.57M
Union Pacific UNP 147.07 147.93 146.48 147.42 1.57M
Exchange Rates of April 29, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.820 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.012 CAD 1 CAD = 0.988 USD
US Dollar Swiss Franc 1 USD = 0.937 CHF 1 CHF = 1.067 USD
US Dollar Chinese Yuan 1 USD = 6.165 CNY 1 CNY = 0.162 USD
Euro Japanese Yen 1 EUR = 128.090 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.845 GBP 1 GBP = 1.184 EUR
Euro Australian Dollar 1 EUR = 1.266 AUD 1 AUD = 0.790 EUR
Euro Canadian Dollar 1 EUR = 1.325 CAD 1 CAD = 0.755 EUR
Euro Swiss Franc 1 EUR = 1.227 CHF 1 CHF = 0.815 EUR
Euro Chinese Yuan 1 EUR = 8.081 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.659 GBP 1 GBP = 1.517 JPY
Japanese Yen Australian Dollar 1 JPY = 0.987 AUD 1 AUD = 1.013 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.034 CAD 1 CAD = 0.968 JPY
Japanese Yen Swiss Franc 1 JPY = 0.958 CHF 1 CHF = 1.044 JPY
Pound Sterling Australian Dollar 1 GBP = 1.497 AUD 1 AUD = 0.668 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.567 CAD 1 CAD = 0.638 GBP
Pound Sterling Swiss Franc 1 GBP = 1.452 CHF 1 CHF = 0.689 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.561 CNY 1 CNY = 0.105 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.047 CAD 1 CAD = 0.955 AUD
Australian Dollar Swiss Franc 1 AUD = 0.969 CHF 1 CHF = 1.032 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.385 CNY 1 CNY = 0.157 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.926 CHF 1 CHF = 1.080 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.097 CNY 1 CNY = 0.164 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.584 CNY 1 CNY = 0.152 CHF

See what else happened on April 29, 2013