Financial news on June 02, 2010

Business and Financial news
Amgen Drug Approved to Fight Osteoporosis

Prolia is meant to help prevent fractures in postmenopausal women. Read more..

By REUTERS - The New York Times

Bailout Haunts Any A.I.G. Deal

The wrangling over the price for the company’s Asian insurance unit confirms something that its prospective buyer should have known all along. Read more..

By AGNES T. CRANE and ANTONY CURRIE - The New York Times

Bailout Will Haunt Any A.I.G. Deal

The wrangling over the American International Group’s Asian insurance unit clarifies what the board of Prudential of Britain should have known all along: A.I.G. is beholden to the U.S. taxpayer, Reuters Breakingviews writes. Read more..

By DEALBOOK - The New York Times

Biglari Extends Offer for Advance Auto Shares

Sardar Biglari, the activist investor who took over Steak n Shake in 2007 and renamed it Biglari Holdings, said his company had extended an offer to buy up to 1.6 percent of the shares of Advance Auto Parts from Tuesday until Friday. Read more..

By DEALBOOK - The New York Times

Big Setback for A.I.G. in Repaying Taxpayers

With Prudential no longer involved, A.I.G. has no obvious suitor and may sell its prized Asian subsidiary in an initial offering. Read more..

By MARY WILLIAMS WALSH and MICHAEL J. de la MERCED - The New York Times

Buffett to Testify at Crisis Panel Wednesday

Warren E. Buffett and the chief executive of credit rating agency Moody’s Corp. are scheduled to face questions Wednesday from a bipartisan panel probing the roots the financial crisis. Read more..

By DEALBOOK - The New York Times

China's Manufacturing Sector Grew in May, but at a Slower Pace

Two surveys by purchasing managers in China released Tuesday showed that government steps to forestall overheating in the giant economy were starting to take effect. Read more..

By BETTINA WASSENER - The New York Times

Couche-Tard Begins Tender Offer for Casey’s

The Canadian convenience store operator went hostile in its pursuit of Casey’s General Stores, beginning a tender offer for its American counterpart and announcing its plan to nominate an alternate slate of directors. Read more..

By DEALBOOK - The New York Times

Porter Aviation Grounds I.P.O.

Porter Airlines, a popular Canadian-based regional carrier, delayed its initial public offering because of unfavorable market conditions caused by volatility in the equity markets. Read more..

By DEALBOOK - The New York Times

Prudential Faces Fallout From Failed Deal

After the collapse of the deal to sell the American International Group’s huge Asian life insurance arm to Prudential, the British insurer’s chief is fighting for his job. 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 26.06 26.48 25.73 26.46 65.7M
General Electric GE 16.16 16.39 15.95 16.35 62.8M
Intel INTC 21.39 21.83 21.16 21.81 61.5M
Pfizer PFE 15.12 15.22 14.92 15.20 49.5M
Cisco Systems CSCO 23.07 23.37 22.74 23.35 45.7M
JPMorgan Chase JPM 39.17 39.62 38.67 39.55 39.6M
Wells Fargo & Co. WFC 28.56 29.20 28.32 29.18 32.5M
ExxonMobil XOM 59.51 60.80 59.23 60.77 28.7M
Oracle Corp. ORCL 22.30 22.67 21.90 22.64 28.4M
Schlumberger SLB 53.72 56.42 53.35 56.31 26.8M
Amgen AMGN 53.55 56.32 53.31 56.09 26.2M
AT&T Inc. T 24.44 24.79 24.39 24.78 25.6M
HP Inc. HPQ 46.16 47.34 46.00 47.27 24.7M
Apple AAPL 264.54 264.80 260.34 263.95 24.6M
Altria MO 20.25 20.40 20.16 20.38 23.1M
Comcast CMCSA 18.09 18.40 17.90 18.38 21.9M
Verizon Communications VZ 27.25 27.60 27.09 27.59 19M
ConocoPhillips COP 51.24 52.49 50.77 52.49 18.9M
Abbott Laboratories ABT 47.00 47.51 46.51 47.48 18.7M
Walt Disney & Co. DIS 33.57 34.79 33.46 34.74 18.3M
Bristol-Myers Squibb BMY 23.06 23.24 22.86 23.00 17.1M
Merck MRK 33.63 34.38 33.53 34.36 16.2M
Chevron CVX 72.66 74.13 72.12 74.13 15.7M
Johnson & Johnson JNJ 59.07 59.73 58.69 59.73 15.6M
Home Depot HD 33.62 33.88 33.39 33.87 14.3M
Wal-Mart Stores WMT 51.23 51.74 51.02 51.72 13.7M
Gilead Sciences GILD 35.82 36.01 35.21 36.00 13.1M
Procter & Gamble PG 61.16 61.83 61.04 61.74 13M
Pepsico PEP 62.60 63.46 61.83 63.46 10M
Visa V 71.46 71.87 70.02 71.25 9.4M
Coca-Cola KO 51.54 52.41 51.17 52.41 9.37M
UnitedHealth Group UNH 29.12 29.94 28.87 29.91 7.97M
International Business Machines IBM 124.85 127.50 124.35 127.41 7.71M
3M MMM 78.60 78.89 77.51 78.74 5.77M
McDonald's MCD 66.53 67.80 66.20 67.77 5.75M
Alphabet GOOGL 486.68 493.87 481.46 493.37 5.08M
Berkshire Hathaway BRK.B 70.51 72.33 70.17 72.25 4.91M
Amazon AMZN 124.02 126.43 121.65 126.31 4.76M
Union Pacific UNP 70.34 72.67 70.33 72.58 4.66M
Boeing BA 63.39 64.37 62.06 64.34 4.59M
United Technologies UTX 66.47 67.53 65.97 67.46 4.3M
Exchange Rates of June 02, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 92.240 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.039 CAD 1 CAD = 0.963 USD
US Dollar Swiss Franc 1 USD = 1.155 CHF 1 CHF = 0.866 USD
US Dollar Chinese Yuan 1 USD = 6.831 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 112.940 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.836 GBP 1 GBP = 1.196 EUR
Euro Australian Dollar 1 EUR = 1.455 AUD 1 AUD = 0.687 EUR
Euro Canadian Dollar 1 EUR = 1.272 CAD 1 CAD = 0.786 EUR
Euro Swiss Franc 1 EUR = 1.414 CHF 1 CHF = 0.707 EUR
Euro Chinese Yuan 1 EUR = 8.369 CNY 1 CNY = 0.119 EUR
Japanese Yen Pound Sterling 1 JPY = 0.740 GBP 1 GBP = 1.352 JPY
Japanese Yen Australian Dollar 1 JPY = 1.287 AUD 1 AUD = 0.777 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.125 CAD 1 CAD = 0.889 JPY
Japanese Yen Swiss Franc 1 JPY = 1.252 CHF 1 CHF = 0.799 JPY
Pound Sterling Australian Dollar 1 GBP = 1.741 AUD 1 AUD = 0.575 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.522 CAD 1 CAD = 0.657 GBP
Pound Sterling Swiss Franc 1 GBP = 1.693 CHF 1 CHF = 0.591 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.000 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.874 CAD 1 CAD = 1.144 AUD
Australian Dollar Swiss Franc 1 AUD = 0.972 CHF 1 CHF = 1.029 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.753 CNY 1 CNY = 0.174 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.112 CHF 1 CHF = 0.899 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.578 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.916 CNY 1 CNY = 0.169 CHF

See what else happened on June 02, 2010