Financial news on June 01, 2010

Business and Financial news
Dubai Holding Reports $6.2 Billion 2009 Loss

The Dubai Holding Commercial Operations Group, a real-estate and hospitality company owned by the emirate’s ruler, reported a full-year loss of 22.8 billion dirhams ($6.2 billion) after property prices plunged in the Gulf’s trade and tourism hub. Read more..

By DEALBOOK - The New York Times

E.C.B.’s Report Issues Warning for Banks

Borrowing costs could rise as European banks compete with governments in the bond market. Read more..

By DEALBOOK - The New York Times

Fitch Downgrades Spain’s Credit Rating

The Fitch ratings firm announced Friday that it had downgraded Spain’s credit rating by one notch, sending indexes on a swift decline of more than 1 percent. Read more..

By DEALBOOK - The New York Times

Honda Plans to Raise Pay at a Factory in China

A strike for higher wages, which began May 22, has idled work at four other Honda assembly plants in China. Read more..

By BLOOMBERG NEWS - The New York Times

India Posts 8.6% Economic Growth, a 2-Year High

Growth for the year ended March 31 was 7.4 percent, beating a government forecast of 7.2 percent. Read more..

By THE ASSOCIATED PRESS - The New York Times

In Review, Europe Accuses China of Protectionism

China is failing to carry out its pledges to liberalize its economy and open its markets to foreign companies, according to the European Union. Read more..

By BLOOMBERG NEWS - The New York Times

K.K.R. and Tenet Said to Join Race for Healthscope

A three-way bidding war appears to have broken out for Healthscope, with Kohlberg Kravis Roberts and Tenet Healthcare reportedly joining the race to buy the Australian hospital operator. Read more..

By DEALBOOK - The New York Times

Summer of Full Flights and High Fares

Demand for business and leisure travel is expected to be stronger this summer, meaning passengers will be fighting for seats that were cut significantly in the recession. Read more..

By JANE L. LEVERE - The New York Times

The Transatlantic Crisis: Europe’s Endangered Banks

Europe’s troubles have not yet hurt banks in the United States, but it would be foolhardy to assume this problem is far away, The New York Times’s editorial board argues. Read more..

By DEALBOOK - The New York Times

U.S. Bank Failure Total Rises to 77

Regulators on Friday shut down three affiliated banks in Florida and one each in Nevada and California, bringing the number of bank failures this year to 78. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25.53 26.31 25.52 25.89 76.2M
General Electric GE 16.24 16.51 15.93 15.98 73.1M
Intel INTC 21.30 21.74 21.13 21.18 57.2M
Pfizer PFE 15.16 15.42 14.96 14.99 56.9M
Cisco Systems CSCO 22.94 23.48 22.92 23.00 56.3M
Wells Fargo & Co. WFC 28.68 29.20 28.19 28.23 39.5M
JPMorgan Chase JPM 39.32 39.96 38.50 38.54 37.8M
Schlumberger SLB 54.45 54.45 51.67 51.75 35.7M
ExxonMobil XOM 60.38 60.86 59.14 59.25 33M
Oracle Corp. ORCL 22.42 22.84 22.15 22.20 32.3M
Apple AAPL 259.69 265.94 258.96 260.83 31.3M
AT&T Inc. T 24.27 24.80 24.12 24.33 29.7M
Comcast CMCSA 17.74 18.37 17.73 18.02 25.1M
Altria MO 20.25 20.42 20.07 20.12 20.8M
Merck MRK 33.43 34.02 33.31 33.53 20.8M
Johnson & Johnson JNJ 58.21 59.41 57.55 58.76 19.5M
Abbott Laboratories ABT 47.44 47.72 46.90 46.94 18.3M
ConocoPhillips COP 51.77 52.20 50.26 50.33 17.8M
HP Inc. HPQ 45.85 46.57 45.50 45.58 17.8M
Home Depot HD 33.42 34.17 33.22 33.54 17.3M
Wal-Mart Stores WMT 50.80 51.51 50.52 50.92 16.1M
Walt Disney & Co. DIS 33.06 33.87 32.85 33.33 15.4M
Verizon Communications VZ 27.30 27.73 27.21 27.21 15.4M
Procter & Gamble PG 60.89 61.74 60.52 61.16 15.3M
Chevron CVX 73.56 74.52 72.29 72.29 14M
Coca-Cola KO 51.12 52.11 50.73 51.29 12.1M
Bristol-Myers Squibb BMY 23.11 23.47 22.90 23.02 10.7M
Gilead Sciences GILD 35.82 36.29 35.41 35.43 9.47M
Union Pacific UNP 70.56 72.41 70.27 70.31 8.42M
UnitedHealth Group UNH 29.18 29.61 28.89 28.98 8.18M
Amgen AMGN 51.72 52.39 50.75 50.76 7.27M
Pepsico PEP 62.66 63.59 61.90 62.76 7.18M
International Business Machines IBM 124.69 126.88 124.20 124.34 7.14M
Boeing BA 64.27 65.20 62.86 62.95 6.32M
Visa V 72.49 73.60 71.36 71.49 6.27M
Berkshire Hathaway BRK.B 70.05 71.94 69.95 70.26 5.38M
McDonald's MCD 66.23 67.31 66.04 66.36 5.37M
Alphabet GOOGL 480.43 491.06 480.12 482.37 5.33M
United Technologies UTX 66.59 67.47 65.93 66.05 5.13M
3M MMM 78.72 79.87 77.97 78.07 4.34M
Amazon AMZN 124.97 126.57 123.02 123.24 3.66M
Exchange Rates of June 01, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.990 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.054 CAD 1 CAD = 0.949 USD
US Dollar Swiss Franc 1 USD = 1.157 CHF 1 CHF = 0.864 USD
US Dollar Chinese Yuan 1 USD = 6.829 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 111.090 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.834 GBP 1 GBP = 1.199 EUR
Euro Australian Dollar 1 EUR = 1.470 AUD 1 AUD = 0.681 EUR
Euro Canadian Dollar 1 EUR = 1.287 CAD 1 CAD = 0.777 EUR
Euro Swiss Franc 1 EUR = 1.413 CHF 1 CHF = 0.708 EUR
Euro Chinese Yuan 1 EUR = 8.336 CNY 1 CNY = 0.120 EUR
Japanese Yen Pound Sterling 1 JPY = 0.750 GBP 1 GBP = 1.333 JPY
Japanese Yen Australian Dollar 1 JPY = 1.323 AUD 1 AUD = 0.756 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.159 CAD 1 CAD = 0.863 JPY
Japanese Yen Swiss Franc 1 JPY = 1.272 CHF 1 CHF = 0.786 JPY
Pound Sterling Australian Dollar 1 GBP = 1.762 AUD 1 AUD = 0.567 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.544 CAD 1 CAD = 0.648 GBP
Pound Sterling Swiss Franc 1 GBP = 1.695 CHF 1 CHF = 0.590 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.980 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.876 CAD 1 CAD = 1.142 AUD
Australian Dollar Swiss Franc 1 AUD = 0.961 CHF 1 CHF = 1.041 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.665 CNY 1 CNY = 0.177 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.098 CHF 1 CHF = 0.911 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.470 CNY 1 CNY = 0.155 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.896 CNY 1 CNY = 0.170 CHF

See what else happened on June 01, 2010