Financial news on April 30th, 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
Cisco SystemsCSCO25,7425,9725,5125,6452.3M
Oracle Corp.ORCL21,4421,5820,8020,8541.9M
General ElectricGE32,8533,2832,6032,7040.4M
JPMorgan ChaseJPM47,2548,6446,7347,6536.3M
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
Abbott LaboratoriesABT53,7053,8052,5952,7518.4M
Verizon CommunicationsVZ38,3139,0538,2538,4818.4M
HP Inc.HPQ48,0348,0346,1146,3516.5M
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
International Business MachinesIBM123,34123,50120,50120,708.13M
Union PacificUNP143,98147,31143,51145,196.89M
Gilead SciencesGILD52,0152,5351,4951,765.94M
United TechnologiesUTX73,1173,8472,3372,475.04M
Berkshire HathawayBRK.B4406,004457,004380,004457,0026.9K
Exchange Rates of April 30th, 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 30th, 2008