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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,9727,0026,4226,7567.2M
General ElectricGE33,4133,6233,1733,3440.7M
Oracle Corp.ORCL21,9922,0721,2921,5136.8M
JPMorgan ChaseJPM49,9049,9548,0348,6627.9M
Wells Fargo & Co.WFC31,8032,4030,9431,1426M
AT&T Inc.T40,0140,2339,5340,1321.8M
Wal-Mart StoresWMT58,8958,8956,9057,5019.5M
Home DepotHD30,3830,5029,8330,1219.3M
Abbott LaboratoriesABT53,9754,3053,0053,1713.7M
Procter & GamblePG67,1067,3066,3666,8013.3M
UnitedHealth GroupUNH33,0334,3633,0133,4712.9M
Johnson & JohnsonJNJ67,5168,3267,5168,2612.6M
HP Inc.HPQ48,2948,5247,7548,3611.7M
Verizon CommunicationsVZ39,5039,9439,1839,5911.4M
Bristol-Myers SquibbBMY23,1423,3823,0023,3510.1M
Walt Disney & Co.DIS33,5033,8033,3033,498.71M
International Business MachinesIBM123,30124,00121,76123,186.92M
Gilead SciencesGILD53,0153,7952,9453,636.06M
United TechnologiesUTX74,9175,4074,5975,105.5M
Union PacificUNP148,09148,66144,38146,882.64M
Berkshire HathawayBRK.B4500,004502,004415,004448,0018.4K
Exchange Rates of May 02, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105,390 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,019 CAD1 CAD = 0,981 USD
US DollarSwiss Franc1 USD = 1,057 CHF1 CHF = 0,946 USD
EuroJapanese Yen1 EUR = 162,560 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,782 GBP1 GBP = 1,278 EUR
EuroAustralian Dollar1 EUR = 1,650 AUD1 AUD = 0,606 EUR
EuroCanadian Dollar1 EUR = 1,572 CAD1 CAD = 0,636 EUR
EuroSwiss Franc1 EUR = 1,630 CHF1 CHF = 0,613 EUR
Japanese YenPound Sterling1 JPY = 0,481 GBP1 GBP = 2,079 JPY
Japanese YenAustralian Dollar1 JPY = 1,015 AUD1 AUD = 0,986 JPY
Japanese YenCanadian Dollar1 JPY = 0,967 CAD1 CAD = 1,034 JPY
Japanese YenSwiss Franc1 JPY = 1,003 CHF1 CHF = 0,997 JPY
Pound SterlingAustralian Dollar1 GBP = 2,110 AUD1 AUD = 0,474 GBP
Pound SterlingCanadian Dollar1 GBP = 2,010 CAD1 CAD = 0,498 GBP
Pound SterlingSwiss Franc1 GBP = 2,084 CHF1 CHF = 0,480 GBP
Australian DollarCanadian Dollar1 AUD = 0,952 CAD1 CAD = 1,050 AUD
Australian DollarSwiss Franc1 AUD = 0,988 CHF1 CHF = 1,013 AUD
Canadian DollarSwiss Franc1 CAD = 1,037 CHF1 CHF = 0,965 CAD

See what else happened on May 02, 2008