Financial news on April 30, 2008

Business and Financial news
Citigroup Sells $4.5 Billion in Shares

The sale of new common shares was another effort by the banking giant to shore up its balance sheet. The offering was priced at $25.27 a share. Read more..

By ERIC DASH - The New York Times

Drug From Genentech and Biogen Fails as a Lupus Treatment

The companies said that their drug Rituxan did not achieve any of seven measures of effectiveness in a late-stage patient trial. Read more..

By ANDREW POLLACK - The New York Times

G.M. Posts $3.3 Billion Loss

The results are likely to raise questions about the viability of G.M.’s turnaround, particularly after its cross-town rival, Ford, reported a profit last week. Read more..

By NICK BUNKLEY - The New York Times

Telling the Heavyweights They Have to Be Agile

As the advertising industry confronts profound changes in media and technology, agency leaders were given a dose of tough love at their annual conference. Read more..

By STUART ELLIOTT - The New York Times

The Road to a Jumbo Mortgage Was Supposed to Get Easier

The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT28.7529.2128.5128.5274.7M
IntelINTC22.7322.7622.1422.2656.5M
Cisco SystemsCSCO25.7425.9725.5125.6452.3M
PfizerPFE20.3020.3420.0220.1144M
Oracle Corp.ORCL21.4421.5820.8020.8541.9M
AppleAAPL176.26180.00172.92173.9540.7M
General ElectricGE32.8533.2832.6032.7040.4M
MerckMRK37.3238.1536.8038.0437.4M
VisaV81.2184.8181.0783.4536.9M
JPMorgan ChaseJPM47.2548.6446.7347.6536.3M
AltriaMO20.3520.3819.9920.0030M
ExxonMobilXOM92.2594.5192.1793.0729.8M
ComcastCMCSA20.5421.0220.4120.5529.3M
AT&T Inc.T38.7439.3838.5538.7123.4M
Procter & GamblePG67.8568.4966.8767.0521.9M
Wells Fargo & Co.WFC29.8930.5929.5729.7521.5M
Wal-Mart StoresWMT58.7059.0457.8857.9820.3M
ChevronCVX95.0697.2895.0696.1519.5M
Abbott LaboratoriesABT53.7053.8052.5952.7518.4M
Verizon CommunicationsVZ38.3139.0538.2538.4818.4M
ConocoPhillipsCOP85.6986.6885.3086.1516.8M
HP Inc.HPQ48.0348.0346.1146.3516.5M
AlphabetGOOGL562.27584.86558.47574.2915.8M
Home DepotHD29.3629.6528.7428.8015.2M
Bristol-Myers SquibbBMY21.9222.4521.8221.9714.6M
UnitedHealth GroupUNH33.6033.6032.5032.6314.3M
Johnson & JohnsonJNJ67.4567.6766.9267.0913.1M
Walt Disney & Co.DIS32.7833.0332.3332.4313.1M
Coca-ColaKO59.0059.7758.6958.8711.7M
SchlumbergerSLB100.23101.9599.02100.559.72M
McDonald'sMCD60.0160.6059.5459.588.49M
International Business MachinesIBM123.34123.50120.50120.708.13M
AmazonAMZN80.7381.3477.9278.637.88M
Union PacificUNP143.98147.31143.51145.196.89M
PepsicoPEP68.1869.3967.8168.536.56M
AmgenAMGN42.1642.4741.7841.876.47M
Gilead SciencesGILD52.0152.5351.4951.765.94M
BoeingBA85.8386.1884.6384.865.22M
United TechnologiesUTX73.1173.8472.3372.475.04M
3MMMM77.0078.2476.8576.904.69M
Berkshire HathawayBRK.B4406.004457.004380.004457.0026.9K
Exchange Rates of April 30, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 103.970 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.006 CAD1 CAD = 0.994 USD
US DollarSwiss Franc1 USD = 1.035 CHF1 CHF = 0.966 USD
US DollarChinese Yuan1 USD = 6.989 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 162.380 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.786 GBP1 GBP = 1.273 EUR
EuroAustralian Dollar1 EUR = 1.656 AUD1 AUD = 0.604 EUR
EuroCanadian Dollar1 EUR = 1.571 CAD1 CAD = 0.636 EUR
EuroSwiss Franc1 EUR = 1.617 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.484 GBP1 GBP = 2.068 JPY
Japanese YenAustralian Dollar1 JPY = 1.019 AUD1 AUD = 0.981 JPY
Japanese YenCanadian Dollar1 JPY = 0.967 CAD1 CAD = 1.034 JPY
Japanese YenSwiss Franc1 JPY = 0.995 CHF1 CHF = 1.005 JPY
Pound SterlingAustralian Dollar1 GBP = 2.107 AUD1 AUD = 0.475 GBP
Pound SterlingCanadian Dollar1 GBP = 2.000 CAD1 CAD = 0.500 GBP
Pound SterlingSwiss Franc1 GBP = 2.057 CHF1 CHF = 0.486 GBP
Australian DollarCanadian Dollar1 AUD = 0.948 CAD1 CAD = 1.054 AUD
Australian DollarSwiss Franc1 AUD = 0.976 CHF1 CHF = 1.025 AUD
Canadian DollarSwiss Franc1 CAD = 1.028 CHF1 CHF = 0.972 CAD

See what else happened on April 30, 2008