Financial news on May 02, 2008

Business and Financial news
Agency Pays $12 Million to Settle Accounting Case

The Interpublic Group agreed to pay the fine to settle a Securities and Exchange Commission investigation into its accounting practices. Read more..

By STEPHANIE CLIFFORD - The New York Times

As Gas Costs Soar, Buyers Flock to Small Cars

About one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.’s fell sharply. Read more..

By BILL VLASIC - The New York Times

Beijing Air Terminal Goes All Out for the Games

The $3.8 billion structure, the latest in China’s Olympic works, can handle more than 50 million fliers a year. Read more..

By DAVID BARBOZA - The New York Times

Big Retailers Scaling Back Expansion Plans and Shutting Stores

Store closings and delayed openings are expected to ripple through the economy, depriving many communities of sales tax revenue. Read more..

By MICHAEL BARBARO - The New York Times

Democrats and Fox News Make Friends

The once-frosty relationship between Fox News and the Democratic candidates seems to have grown warmer as they find each other useful. Read more..

By BRIAN STELTER - The New York Times

Determining Who Rides the Lifeboat

As the mortgage crisis spilled over into a credit squeeze threatening Wall Street, the government tried to prevent disaster while not helping those who don’t deserve it. Read more..

By FLOYD NORRIS - The New York Times

Exxon Posts Its 2nd-Best Quarter, but It’s Not Enough for Wall St.

Exxon Mobil, the world’s largest publicly traded oil company, said its net income rose 17 percent in the first quarter, buoyed by high oil prices. Read more..

By JAD MOUAWAD - The New York Times

Jury Gets Hollywood Wiretap Case

The six-year-old Hollywood wiretapping case went to the jury after a federal prosecutor urged the panel members to look past the celebrities and entertainment moguls involved. Read more..

By THE NEW YORK TIMES - The New York Times

Microsoft Outlines Its Yahoo Strategies

Microsoft’s chief executive told employees that the company would announce in “short order” which of three paths it would choose in its pursuit of Yahoo. Read more..

By MIGUEL HELFT - The New York Times

U.S. Shed Fewer Jobs Than Expected in April

The economy in April lost 20,000 jobs, fewer than predicted, but the report suggested to many economists that the U.S. is ensnared in a recession. Read more..

By PETER S. GOODMAN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 26,97 27,00 26,42 26,75 67.2M
Microsoft MSFT 29,55 29,62 28,86 29,24 66M
Intel INTC 23,60 23,66 23,13 23,58 59.1M
Pfizer PFE 20,48 20,65 20,36 20,61 48.6M
General Electric GE 33,41 33,62 33,17 33,34 40.7M
Oracle Corp. ORCL 21,99 22,07 21,29 21,51 36.8M
Apple AAPL 180,31 181,92 178,55 180,94 35.9M
Visa V 87,25 87,50 81,00 82,75 34.2M
JPMorgan Chase JPM 49,90 49,95 48,03 48,66 27.9M
ExxonMobil XOM 90,05 90,54 89,11 89,61 27.5M
Wells Fargo & Co. WFC 31,80 32,40 30,94 31,14 26M
AT&T Inc. T 40,01 40,23 39,53 40,13 21.8M
Comcast CMCSA 22,36 22,47 21,66 21,97 19.8M
Wal-Mart Stores WMT 58,89 58,89 56,90 57,50 19.5M
Home Depot HD 30,38 30,50 29,83 30,12 19.3M
Altria MO 20,08 20,53 19,98 20,43 17.9M
Merck MRK 38,92 39,50 38,78 39,37 17.2M
Alphabet GOOGL 598,84 602,45 579,30 581,29 14M
Abbott Laboratories ABT 53,97 54,30 53,00 53,17 13.7M
Procter & Gamble PG 67,10 67,30 66,36 66,80 13.3M
UnitedHealth Group UNH 33,03 34,36 33,01 33,47 12.9M
Johnson & Johnson JNJ 67,51 68,32 67,51 68,26 12.6M
ConocoPhillips COP 86,84 87,50 86,21 86,88 11.8M
HP Inc. HPQ 48,29 48,52 47,75 48,36 11.7M
Verizon Communications VZ 39,50 39,94 39,18 39,59 11.4M
Chevron CVX 95,53 95,85 94,64 95,32 10.3M
Bristol-Myers Squibb BMY 23,14 23,38 23,00 23,35 10.1M
Walt Disney & Co. DIS 33,50 33,80 33,30 33,49 8.71M
Coca-Cola KO 59,09 59,50 58,60 58,77 8.26M
Amazon AMZN 80,38 81,20 76,40 77,31 8.15M
Schlumberger SLB 99,10 100,51 98,17 99,63 7.56M
McDonald's MCD 60,90 61,24 60,80 60,95 7.35M
Amgen AMGN 43,37 43,45 42,45 42,93 7.24M
Pepsico PEP 69,02 69,82 68,77 69,10 7.12M
International Business Machines IBM 123,30 124,00 121,76 123,18 6.92M
Gilead Sciences GILD 53,01 53,79 52,94 53,63 6.06M
United Technologies UTX 74,91 75,40 74,59 75,10 5.5M
Boeing BA 86,32 86,50 84,98 85,69 3.78M
3M MMM 78,44 79,45 78,22 78,55 3.76M
Union Pacific UNP 148,09 148,66 144,38 146,88 2.64M
Berkshire Hathaway BRK.B 4500,00 4502,00 4415,00 4448,00 18.4K
Exchange Rates of May 02, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 105,390 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,019 CAD 1 CAD = 0,981 USD
US Dollar Swiss Franc 1 USD = 1,057 CHF 1 CHF = 0,946 USD
Euro Japanese Yen 1 EUR = 162,560 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,782 GBP 1 GBP = 1,278 EUR
Euro Australian Dollar 1 EUR = 1,650 AUD 1 AUD = 0,606 EUR
Euro Canadian Dollar 1 EUR = 1,572 CAD 1 CAD = 0,636 EUR
Euro Swiss Franc 1 EUR = 1,630 CHF 1 CHF = 0,613 EUR
Japanese Yen Pound Sterling 1 JPY = 0,481 GBP 1 GBP = 2,079 JPY
Japanese Yen Australian Dollar 1 JPY = 1,015 AUD 1 AUD = 0,986 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,967 CAD 1 CAD = 1,034 JPY
Japanese Yen Swiss Franc 1 JPY = 1,003 CHF 1 CHF = 0,997 JPY
Pound Sterling Australian Dollar 1 GBP = 2,110 AUD 1 AUD = 0,474 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,010 CAD 1 CAD = 0,498 GBP
Pound Sterling Swiss Franc 1 GBP = 2,084 CHF 1 CHF = 0,480 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,952 CAD 1 CAD = 1,050 AUD
Australian Dollar Swiss Franc 1 AUD = 0,988 CHF 1 CHF = 1,013 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,037 CHF 1 CHF = 0,965 CAD

See what else happened on May 02, 2008