Financial news on May 1st, 2008

Business and Financial news
Automakers’ April Sales Reflect Shift to Smaller Cars

Despite bright spots among newer, small cars, overall vehicle sales in the United States plummeted during the month as gas prices climbed to record highs. Read more..

By NICK BUNKLEY - The New York Times

Bringing the World Together Through Film

A film festival aimed at promoting tolerance through film will be broadcast over TV, the Internet and on cellphones via streaming video. Read more..

By DAVID POGUE - The New York Times

Canadians Investigate Death of Ducks at Oil-Sands Project

Officials said a large oil-sands operator, Syncrude, had failed to operate noisemakers to frighten away migrating ducks, 500 of which were found dead in a company tailings pond. Read more..

By IAN AUSTEN - The New York Times

G.M. Invests in Second Ethanol Process

The company said it had invested in Mascoma, a company that has proprietary technologies for making ethanol from sources like papermill waste, corn stalks, wood chips and switchgrass. Read more..

By MATTHEW L. WALD - The New York Times

H.P. Reports Big Advance in Memory Chip Design

Hewlett-Packard scientists said they have designed a device that they believe will make it possible to build tiny computers that could imitate biological functions. Read more..

By JOHN MARKOFF - The New York Times

H.P. Unveils New Memory Technology

A device, called a memristor, is an electrical resistor with memory properties. The technology could eventually build very dense chips that go beyond DRAM and use much less power. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.6026.8725.5026.6771.5M
General ElectricGE32.8033.2932.6433.1242M
Wells Fargo & Co.WFC29.7731.7729.7531.1838.3M
Oracle Corp.ORCL21.0121.8520.9621.8235.8M
JPMorgan ChaseJPM47.6849.4847.6849.2531.7M
Home DepotHD29.0930.4629.0129.8726.6M
UnitedHealth GroupUNH32.9033.1832.3232.9026.3M
Abbott LaboratoriesABT52.5853.9552.5053.5724.9M
AT&T Inc.T39.2940.0139.1939.9424.4M
Wal-Mart StoresWMT58.1559.0957.6358.0718.7M
Bristol-Myers SquibbBMY21.9823.2021.9722.9416.9M
HP Inc.HPQ46.3548.1846.2548.0316.6M
Verizon CommunicationsVZ38.4139.5838.4139.3215.4M
Procter & GamblePG67.0367.4866.5267.0313.5M
Johnson & JohnsonJNJ67.1367.8866.9567.8113.2M
Walt Disney & Co.DIS32.4533.4232.4233.3012.2M
International Business MachinesIBM121.06124.43121.06123.618.23M
Gilead SciencesGILD52.1353.0051.6553.006.54M
United TechnologiesUTX72.5074.7072.5074.505.17M
Union PacificUNP145.27147.95143.40146.633.82M
Berkshire HathawayBRK.B4459.004472.004410.004460.0014.8K
Exchange Rates of May 1st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104.390 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.019 CAD1 CAD = 0.981 USD
US DollarSwiss Franc1 USD = 1.048 CHF1 CHF = 0.954 USD
US DollarChinese Yuan1 USD = 6.989 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 161.470 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.783 GBP1 GBP = 1.278 EUR
EuroAustralian Dollar1 EUR = 1.659 AUD1 AUD = 0.603 EUR
EuroCanadian Dollar1 EUR = 1.577 CAD1 CAD = 0.634 EUR
EuroSwiss Franc1 EUR = 1.621 CHF1 CHF = 0.617 EUR
Japanese YenPound Sterling1 JPY = 0.484 GBP1 GBP = 2.064 JPY
Japanese YenAustralian Dollar1 JPY = 1.027 AUD1 AUD = 0.974 JPY
Japanese YenCanadian Dollar1 JPY = 0.976 CAD1 CAD = 1.025 JPY
Japanese YenSwiss Franc1 JPY = 1.004 CHF1 CHF = 0.997 JPY
Pound SterlingAustralian Dollar1 GBP = 2.119 AUD1 AUD = 0.472 GBP
Pound SterlingCanadian Dollar1 GBP = 2.014 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 2.070 CHF1 CHF = 0.483 GBP
Australian DollarCanadian Dollar1 AUD = 0.950 CAD1 CAD = 1.053 AUD
Australian DollarSwiss Franc1 AUD = 0.977 CHF1 CHF = 1.024 AUD
Canadian DollarSwiss Franc1 CAD = 1.028 CHF1 CHF = 0.973 CAD

See what else happened on May 1st, 2008