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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23.4423.8323.4023.76102M
MicrosoftMSFT31.8032.6831.7732.6159.1M
General ElectricGE22.3122.3222.0022.2736.5M
Oracle Corp.ORCL32.3932.5032.1432.2431.4M
Cisco SystemsCSCO20.6521.0720.4720.9829.5M
FacebookFB27.1627.4126.8626.9829.2M
PfizerPFE30.1230.5829.9330.4327.7M
AppleAAPL420.45433.62420.00430.1222.9M
AT&T Inc.T37.1237.3437.0237.3018.9M
Wells Fargo & Co.WFC37.9537.9837.7637.8816M
HP Inc.HPQ20.0420.6119.9220.5015.9M
JPMorgan ChaseJPM49.0849.1048.6548.9213.5M
MerckMRK47.8848.1247.7247.8211.4M
Coca-ColaKO42.2442.2941.9242.2411.3M
ExxonMobilXOM88.2688.8388.0188.2111.1M
Gilead SciencesGILD51.3651.6350.7751.0910.8M
Verizon CommunicationsVZ53.6553.7253.2653.4610.1M
AltriaMO36.1136.6136.0036.618.97M
ComcastCMCSA41.6241.6941.2841.498.38M
Johnson & JohnsonJNJ85.0285.8984.9185.588.04M
Walt Disney & Co.DIS62.8263.2562.5963.007.2M
AmazonAMZN254.90257.01249.15249.747.12M
Bristol-Myers SquibbBMY40.1340.2839.8139.916.72M
Procter & GamblePG77.5677.9877.2377.686.64M
BoeingBA91.4092.4191.1991.906.27M
General MotorsGM30.6230.9030.4230.796.2M
Wal-Mart StoresWMT79.0879.2578.1578.396.16M
International Business MachinesIBM194.78199.68194.65199.155.93M
ConocoPhillipsCOP59.2960.0559.0259.905.65M
SchlumbergerSLB73.5674.2872.9474.035.21M
ChevronCVX120.44121.60120.04121.325.16M
UnitedHealth GroupUNH59.9560.4959.8160.014.86M
AlphabetGOOGL803.25822.70803.00819.064.6M
Home DepotHD73.4474.0273.3973.674.52M
AmgenAMGN108.15108.38106.33106.674.29M
McDonald'sMCD101.56102.52101.15102.183.42M
Abbott LaboratoriesABT36.4936.7936.4036.733.11M
United TechnologiesUTX91.2791.7990.6291.622.99M
3MMMM103.91104.20102.89103.832.9M
PepsicoPEP82.5182.9282.4282.652.85M
VisaV167.73168.50167.16167.902.67M
Berkshire HathawayBRK.B107.19107.40106.41106.612.57M
Union PacificUNP147.07147.93146.48147.421.57M
Exchange Rates of April 29, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.820 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.012 CAD1 CAD = 0.988 USD
US DollarSwiss Franc1 USD = 0.937 CHF1 CHF = 1.067 USD
US DollarChinese Yuan1 USD = 6.165 CNY1 CNY = 0.162 USD
EuroJapanese Yen1 EUR = 128.090 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.845 GBP1 GBP = 1.184 EUR
EuroAustralian Dollar1 EUR = 1.266 AUD1 AUD = 0.790 EUR
EuroCanadian Dollar1 EUR = 1.325 CAD1 CAD = 0.755 EUR
EuroSwiss Franc1 EUR = 1.227 CHF1 CHF = 0.815 EUR
EuroChinese Yuan1 EUR = 8.081 CNY1 CNY = 0.124 EUR
Japanese YenPound Sterling1 JPY = 0.659 GBP1 GBP = 1.517 JPY
Japanese YenAustralian Dollar1 JPY = 0.987 AUD1 AUD = 1.013 JPY
Japanese YenCanadian Dollar1 JPY = 1.034 CAD1 CAD = 0.968 JPY
Japanese YenSwiss Franc1 JPY = 0.958 CHF1 CHF = 1.044 JPY
Pound SterlingAustralian Dollar1 GBP = 1.497 AUD1 AUD = 0.668 GBP
Pound SterlingCanadian Dollar1 GBP = 1.567 CAD1 CAD = 0.638 GBP
Pound SterlingSwiss Franc1 GBP = 1.452 CHF1 CHF = 0.689 GBP
Pound SterlingChinese Yuan1 GBP = 9.561 CNY1 CNY = 0.105 GBP
Australian DollarCanadian Dollar1 AUD = 1.047 CAD1 CAD = 0.955 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.032 AUD
Australian DollarChinese Yuan1 AUD = 6.385 CNY1 CNY = 0.157 AUD
Canadian DollarSwiss Franc1 CAD = 0.926 CHF1 CHF = 1.080 CAD
Canadian DollarChinese Yuan1 CAD = 6.097 CNY1 CNY = 0.164 CAD
Swiss FrancChinese Yuan1 CHF = 6.584 CNY1 CNY = 0.152 CHF

See what else happened on April 29, 2013