Financial news on May 5th, 2009

Business and Financial news
A Back to Basics Weekend With Warren Buffett

At Berkshire Hathaway’s meeting, the investor served up advice that was too commonly ignored before the credit crisis. Read more..

By ANDREW ROSS SORKIN - The New York Times

Gene Test for Dosage of Warfarin Is Rebuffed

The Centers for Medicare and Medicaid Services said there was not enough evidence to show that the tests improved health. Read more..

By ANDREW POLLACK - The New York Times

Lower Court Told to Revisit Ruling in Super Bowl Show

The Supreme Court set aside an appeals court ruling overturning CBS’s $550,000 fine levied by the F.C.C. for Janet Jackson’s “wardrobe malfunction.” Read more..

By DAVID STOUT - The New York Times

Obama Plan Leaves One Path to Lower Taxes Wide Open

Transfer pricing, a tactic multinationals use to keep profits offshore, has been a concern to the government in recent years. Read more..

By LYNNLEY BROWNING - The New York Times

Times Co. Postpones Threat to Close Boston Globe

Talks with the Boston Newspaper Guild continued, as members of the guild at the flagship New York Times newspaper voted to accept a pay cut to avoid layoffs. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC23,6324,1522,7323,27176M
General ElectricGE13,2513,4913,0013,10105M
JPMorgan ChaseJPM35,4535,9534,4634,8263.5M
Cisco SystemsCSCO19,5019,6319,2819,6346.4M
Oracle Corp.ORCL19,1719,1918,6819,0129.4M
Wal-Mart StoresWMT50,6751,3849,9550,4619.6M
Abbott LaboratoriesABT43,2044,0043,1343,7319.5M
AT&T Inc.T26,5126,7526,3526,5019.3M
Verizon CommunicationsVZ31,0131,2030,5130,6317.5M
Walt Disney & Co.DIS22,6923,3422,6623,1516.8M
UnitedHealth GroupUNH23,6225,6823,6225,5613.8M
Johnson & JohnsonJNJ53,7554,4053,4554,3613.3M
HP Inc.HPQ36,5836,9736,4636,8012.9M
Procter & GamblePG50,7650,9949,5149,7912.3M
Home DepotHD26,1826,4025,9326,1911.3M
Bristol-Myers SquibbBMY19,5019,8619,5019,6810.1M
Union PacificUNP53,2553,6351,2152,096.95M
International Business MachinesIBM106,00106,82105,51105,856.75M
Gilead SciencesGILD44,9944,9944,2044,526.73M
United TechnologiesUTX50,9051,9050,9051,834.93M
Berkshire HathawayBRK.B3100,003123,003017,003097,0024.4K
Exchange Rates of May 5th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98,910 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,176 CAD1 CAD = 0,850 USD
US DollarSwiss Franc1 USD = 1,134 CHF1 CHF = 0,882 USD
US DollarChinese Yuan1 USD = 6,819 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 131,660 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,884 GBP1 GBP = 1,131 EUR
EuroAustralian Dollar1 EUR = 1,797 AUD1 AUD = 0,557 EUR
EuroCanadian Dollar1 EUR = 1,566 CAD1 CAD = 0,639 EUR
EuroSwiss Franc1 EUR = 1,509 CHF1 CHF = 0,663 EUR
EuroChinese Yuan1 EUR = 9,090 CNY1 CNY = 0,110 EUR
Japanese YenPound Sterling1 JPY = 0,671 GBP1 GBP = 1,491 JPY
Japanese YenAustralian Dollar1 JPY = 1,364 AUD1 AUD = 0,733 JPY
Japanese YenCanadian Dollar1 JPY = 1,189 CAD1 CAD = 0,841 JPY
Japanese YenSwiss Franc1 JPY = 1,146 CHF1 CHF = 0,873 JPY
Pound SterlingAustralian Dollar1 GBP = 2,033 AUD1 AUD = 0,492 GBP
Pound SterlingCanadian Dollar1 GBP = 1,771 CAD1 CAD = 0,565 GBP
Pound SterlingSwiss Franc1 GBP = 1,707 CHF1 CHF = 0,586 GBP
Pound SterlingChinese Yuan1 GBP = 10,281 CNY1 CNY = 0,097 GBP
Australian DollarCanadian Dollar1 AUD = 0,871 CAD1 CAD = 1,148 AUD
Australian DollarSwiss Franc1 AUD = 0,840 CHF1 CHF = 1,191 AUD
Australian DollarChinese Yuan1 AUD = 5,071 CNY1 CNY = 0,197 AUD
Canadian DollarSwiss Franc1 CAD = 0,964 CHF1 CHF = 1,038 CAD
Canadian DollarChinese Yuan1 CAD = 5,806 CNY1 CNY = 0,172 CAD
Swiss FrancChinese Yuan1 CHF = 6,017 CNY1 CNY = 0,166 CHF

See what else happened on May 5th, 2009