Financial news on April 30, 2010

Business and Financial news
Dubai World’s New Offer May Fall Flat, Analysts Say

Dubai World, which is in talks to restructure $26 billion in debt, is offering lenders an additional 1 percent in interest upon maturity of new debt, but the deal is unlikely to satisfy banks, analysts told Reuters on Thursday. Read more..

By DEALBOOK - The New York Times

Essar Energy Said to Reduce Asking Price in Giant I.P.O.

Essar Energy, will reduce the asking price for its $2.5 billion flotation to below its planned price range, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

Goldman and Other Banks to Face Munis Case

Goldman Sachs and other high-profile banks must defend against allegations by 15 California cities and counties that they conspired to rig bids for municipal investment contracts and derivatives, a U.S. judge ruled, according to Reuters. Read more..

By DEALBOOK - The New York Times

Greece Said to Be Close to Deal on Rescue Plan

The Greek government, rapidly running out of time to shore up its finances, was close to completing negotiations for assistance from the International Monetary Fund, European officials said Friday. Read more..

By DEALBOOK - The New York Times

In Europe, a Delicate Decision on Rates

Europe’s collective anguish over Greece was interrupted by some good news on Thursday. German unemployment fell more than expected, while earnings surged for some of the country’s biggest companies. Read more..

By DEALBOOK - The New York Times

Oil Spill’s Blow to BP’s Image May Eclipse Costs

The long-term damage to BP’s reputation and perhaps to its future for drilling in the Gulf of Mexico are likely to be high, industry analysts said. Read more..

By CLIFFORD KRAUSS - The New York Times

Study: Derivatives Rules Would Cost Banks Billions

Goldman Sachs and other big banks could see their earning reduced by billions of dollar if Congress approves tighter regulation of the derivatives market. Read more..

By DEALBOOK - The New York Times

Toyota Offers a Fix for S.U.V.’s Control Problems

The automaker released a software upgrade to solve a handling problem in the Lexus GX 460 identified in a test by Consumer Reports. Read more..

By NICK BUNKLEY and MICHELINE MAYNARD - The New York Times

Viacom’s Profit Up 37% as Ads Return

The media conglomerate positive results, helped by cost cuts, may signal a recovery from weak advertising in the recession. Read more..

By BRIAN STELTER - The New York Times

Watchful, U.S. Defers to Europe on a Debt Crisis

The United States is the largest shareholder in the International Monetary Fund and has played a forceful, interventionist role in financial crises since the early 1990s. But as Europe gropes for a solution to a debt crisis that threatens to spread, American officials have been resolutely reticent. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 19.46 19.70 18.79 18.86 112M
Intel INTC 23.45 23.46 22.81 22.84 81.9M
Microsoft MSFT 31.07 31.08 30.52 30.54 63.2M
JPMorgan Chase JPM 44.02 44.05 42.23 42.58 54.1M
Wells Fargo & Co. WFC 33.25 33.82 32.98 33.11 53.4M
Pfizer PFE 16.99 17.00 16.68 16.72 51.1M
ExxonMobil XOM 68.90 69.31 67.73 67.77 43.8M
Cisco Systems CSCO 27.68 27.74 26.92 26.93 41.9M
Comcast CMCSA 19.77 19.87 19.46 19.77 40.9M
AT&T Inc. T 26.21 26.50 26.05 26.06 33.7M
Oracle Corp. ORCL 26.07 26.10 25.69 25.87 25.6M
Schlumberger SLB 73.33 73.80 70.53 71.42 24.5M
Verizon Communications VZ 29.20 29.31 28.89 28.90 23.4M
Abbott Laboratories ABT 50.85 51.50 50.63 51.16 22.3M
Gilead Sciences GILD 41.07 41.10 39.55 39.71 20.3M
ConocoPhillips COP 59.29 59.45 57.81 59.19 19.5M
Apple AAPL 269.31 270.57 261.00 261.09 19.4M
Wal-Mart Stores WMT 53.82 54.15 53.64 53.64 16.3M
Home Depot HD 35.70 36.00 35.23 35.23 15.8M
Procter & Gamble PG 62.53 63.00 62.11 62.16 15.8M
HP Inc. HPQ 53.00 53.38 51.92 51.97 15.7M
Merck MRK 35.33 35.80 35.03 35.04 15.7M
UnitedHealth Group UNH 31.34 31.34 30.22 30.31 15.5M
Bristol-Myers Squibb BMY 25.42 25.58 25.18 25.31 14.4M
Johnson & Johnson JNJ 65.13 65.34 64.30 64.30 14.3M
Altria MO 21.23 21.48 21.18 21.19 14.2M
Chevron CVX 82.37 83.13 81.29 81.44 13.9M
Walt Disney & Co. DIS 37.19 37.49 36.60 36.84 11.5M
Coca-Cola KO 53.62 53.96 53.40 53.45 9.67M
Pepsico PEP 65.33 65.98 65.18 65.22 8.27M
Amgen AMGN 58.88 59.03 57.29 57.31 8.19M
McDonald's MCD 71.53 71.71 70.39 70.59 6.97M
International Business Machines IBM 130.43 130.64 128.84 129.00 6.27M
Visa V 93.28 93.37 90.02 90.23 6.26M
Amazon AMZN 141.40 141.40 136.91 137.10 6.11M
Boeing BA 73.80 74.48 72.26 72.43 5.6M
3M MMM 88.70 89.70 88.40 88.67 5.26M
United Technologies UTX 76.02 76.49 74.90 74.95 5.07M
Alphabet GOOGL 531.13 537.68 525.44 525.70 4.87M
Berkshire Hathaway BRK.B 77.90 78.46 77.00 77.00 4.84M
Union Pacific UNP 77.87 78.61 75.50 75.66 3.93M
Exchange Rates of April 30, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.810 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.018 CAD 1 CAD = 0.983 USD
US Dollar Swiss Franc 1 USD = 1.078 CHF 1 CHF = 0.928 USD
US Dollar Chinese Yuan 1 USD = 6.825 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 124.740 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.870 GBP 1 GBP = 1.149 EUR
Euro Australian Dollar 1 EUR = 1.438 AUD 1 AUD = 0.695 EUR
Euro Canadian Dollar 1 EUR = 1.353 CAD 1 CAD = 0.739 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 9.079 CNY 1 CNY = 0.110 EUR
Japanese Yen Pound Sterling 1 JPY = 0.697 GBP 1 GBP = 1.434 JPY
Japanese Yen Australian Dollar 1 JPY = 1.152 AUD 1 AUD = 0.868 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.084 CAD 1 CAD = 0.923 JPY
Japanese Yen Swiss Franc 1 JPY = 1.148 CHF 1 CHF = 0.871 JPY
Pound Sterling Australian Dollar 1 GBP = 1.652 AUD 1 AUD = 0.605 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.554 CAD 1 CAD = 0.644 GBP
Pound Sterling Swiss Franc 1 GBP = 1.646 CHF 1 CHF = 0.608 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.416 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.941 CAD 1 CAD = 1.063 AUD
Australian Dollar Swiss Franc 1 AUD = 0.993 CHF 1 CHF = 1.007 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.313 CNY 1 CNY = 0.158 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.055 CHF 1 CHF = 0.948 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.707 CNY 1 CNY = 0.149 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.336 CNY 1 CNY = 0.158 CHF

See what else happened on April 30, 2010