Financial news on April 30th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.4619.7018.7918.86112M
JPMorgan ChaseJPM44.0244.0542.2342.5854.1M
Wells Fargo & Co.WFC33.2533.8232.9833.1153.4M
Cisco SystemsCSCO27.6827.7426.9226.9341.9M
AT&T Inc.T26.2126.5026.0526.0633.7M
Oracle Corp.ORCL26.0726.1025.6925.8725.6M
Verizon CommunicationsVZ29.2029.3128.8928.9023.4M
Abbott LaboratoriesABT50.8551.5050.6351.1622.3M
Gilead SciencesGILD41.0741.1039.5539.7120.3M
Wal-Mart StoresWMT53.8254.1553.6453.6416.3M
Home DepotHD35.7036.0035.2335.2315.8M
Procter & GamblePG62.5363.0062.1162.1615.8M
HP Inc.HPQ53.0053.3851.9251.9715.7M
UnitedHealth GroupUNH31.3431.3430.2230.3115.5M
Bristol-Myers SquibbBMY25.4225.5825.1825.3114.4M
Johnson & JohnsonJNJ65.1365.3464.3064.3014.3M
Walt Disney & Co.DIS37.1937.4936.6036.8411.5M
International Business MachinesIBM130.43130.64128.84129.006.27M
United TechnologiesUTX76.0276.4974.9074.955.07M
Berkshire HathawayBRK.B77.9078.4677.0077.004.84M
Union PacificUNP77.8778.6175.5075.663.93M
Exchange Rates of April 30th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.810 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.018 CAD1 CAD = 0.983 USD
US DollarSwiss Franc1 USD = 1.078 CHF1 CHF = 0.928 USD
US DollarChinese Yuan1 USD = 6.825 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 124.740 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.870 GBP1 GBP = 1.149 EUR
EuroAustralian Dollar1 EUR = 1.438 AUD1 AUD = 0.695 EUR
EuroCanadian Dollar1 EUR = 1.353 CAD1 CAD = 0.739 EUR
EuroSwiss Franc1 EUR = 1.433 CHF1 CHF = 0.698 EUR
EuroChinese Yuan1 EUR = 9.079 CNY1 CNY = 0.110 EUR
Japanese YenPound Sterling1 JPY = 0.697 GBP1 GBP = 1.434 JPY
Japanese YenAustralian Dollar1 JPY = 1.152 AUD1 AUD = 0.868 JPY
Japanese YenCanadian Dollar1 JPY = 1.084 CAD1 CAD = 0.923 JPY
Japanese YenSwiss Franc1 JPY = 1.148 CHF1 CHF = 0.871 JPY
Pound SterlingAustralian Dollar1 GBP = 1.652 AUD1 AUD = 0.605 GBP
Pound SterlingCanadian Dollar1 GBP = 1.554 CAD1 CAD = 0.644 GBP
Pound SterlingSwiss Franc1 GBP = 1.646 CHF1 CHF = 0.608 GBP
Pound SterlingChinese Yuan1 GBP = 10.416 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.941 CAD1 CAD = 1.063 AUD
Australian DollarSwiss Franc1 AUD = 0.993 CHF1 CHF = 1.007 AUD
Australian DollarChinese Yuan1 AUD = 6.313 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 1.055 CHF1 CHF = 0.948 CAD
Canadian DollarChinese Yuan1 CAD = 6.707 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 6.336 CNY1 CNY = 0.158 CHF

See what else happened on April 30th, 2010