Financial news on May 05, 2010

Business and Financial news
Agency Told Tylenol Maker of Many Quality Concerns

A federal report cited deficiencies at the McNeil Consumer Healthcare plant in Fort Washington, Pa., that makes children’s liquid Tylenol and Motrin. Read more..

By NATASHA SINGER - The New York Times

Australia Raises Interest Rates for Sixth Time in Seven Months

Faced with strong housing and jobs markets and buoyed by red-hot demand for its mineral riches, Australia raised the key cash rate by a quarter of a percentage point to 4.5 percent. Read more..

By BETTINA WASSENER - International Herald Tribune

Citysearch Gives Content to the Competition

Instead of counting on visits to its own site, Citysearch is distributing its listings to other sites and making money when people see ads there. Read more..

By CLAIRE CAIN MILLER - The New York Times

Crisis Panel to Probe Window-Dressing at Banks

It’s an open secret on Wall Street that many big banks routinely — and legally — fudge their quarterly books. But now Washington is taking a hard look at a range of maneuvers that help banks dress up their financial statements, and raising some uncomfortable questions about banks’ bookkeeping. Read more..

By DEALBOOK - The New York Times

F.D.A. Rejects InterMune’s Drug for Fatal Lung Disease

The company said the F.D.A. had requested another clinical trial to prove that the drug was effective against idiopathic pulmonary fibrosis. Read more..

By ANDREW POLLACK - The New York Times

How Long Will Lloyd Blankfein Last?

Senior managers at Goldman Sachs are beginning to question how tenable Chief Executive Lloyd C. Blankfein’s position is amid the bank’s public relations difficulties, The Wall Street Journal reported. Read more..

By DEALBOOK - The New York Times

Is Jerry Bruckheimer Sitting on a Treasure Chest?

Uber-producer Jerry Bruckheimer has raised $300 million to $350 million in production co-financing, which would be used to make films from Walt Disney’s Touchstone label, local media reported. Read more..

By DEALBOOK - The New York Times

Lihir Gold Agrees to Takeover Bid by Australian Miner

The $8.8 billion deal would create one of the world’s largest gold producers. Read more..

By BETTINA WASSENER - International Herald Tribune

Providence Takes 25% Stake in AutoTrader.com

Private equity firm Providence Equity Partners said on Wednesday that it will take a 25 percent stake in Cox Enterprise’s AutoTrader.com, the big auto classifieds Web site. Read more..

By DEALBOOK - The New York Times

WaMu Creditors Want Company Liquidated

Noteholders of Washington Mutual asked a bankruptcy judge on Tuesday to liquidate the company as its reorganization was on the “verge of unraveling” due to “scorched earth” tactics by shareholders that left nothing in the plan, Reuters reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18.22 18.49 17.93 18.10 107M
Pfizer PFE 16.97 17.34 16.96 17.18 99.3M
Intel INTC 22.10 22.38 21.90 22.17 96.9M
Microsoft MSFT 29.77 30.09 29.69 29.85 66.8M
Cisco Systems CSCO 26.31 26.82 26.15 26.55 49.9M
Wells Fargo & Co. WFC 32.63 33.18 31.72 32.66 45.2M
JPMorgan Chase JPM 42.11 43.37 41.62 42.63 43.1M
Oracle Corp. ORCL 24.85 25.12 24.63 24.94 33.7M
AT&T Inc. T 25.90 26.14 25.74 25.77 33.5M
Apple AAPL 253.03 258.14 248.73 255.99 31.5M
ExxonMobil XOM 65.94 66.94 65.83 66.17 30.3M
Gilead Sciences GILD 38.48 40.37 38.27 40.21 25.1M
Comcast CMCSA 19.91 20.29 19.53 19.74 24.4M
Home Depot HD 35.23 35.67 35.03 35.24 24.4M
Abbott Laboratories ABT 50.22 51.07 49.75 50.15 22.4M
Merck MRK 35.42 35.77 34.90 35.59 21.5M
ConocoPhillips COP 56.75 57.10 55.86 56.76 19.4M
Walt Disney & Co. DIS 36.43 36.56 35.08 35.34 18M
Verizon Communications VZ 28.64 28.93 28.58 28.68 17.3M
Wal-Mart Stores WMT 54.11 54.95 53.82 54.77 16.6M
Schlumberger SLB 67.36 68.32 66.44 67.30 14.3M
Bristol-Myers Squibb BMY 25.10 25.37 24.92 25.06 14.1M
HP Inc. HPQ 50.30 51.12 50.05 50.93 14M
Johnson & Johnson JNJ 64.58 65.29 64.44 65.14 13.1M
Chevron CVX 79.69 80.73 79.45 80.19 13M
Altria MO 21.15 21.46 21.11 21.22 12.9M
Coca-Cola KO 53.43 53.90 53.20 53.66 11.8M
Procter & Gamble PG 61.62 62.57 61.50 62.16 11.6M
UnitedHealth Group UNH 29.24 30.10 29.14 30.00 11.4M
McDonald's MCD 70.40 71.06 70.13 70.66 9.58M
Amazon AMZN 128.00 131.61 127.55 130.93 9.46M
Visa V 86.76 87.95 84.00 86.43 9.29M
Alphabet GOOGL 500.98 515.72 500.47 509.76 9.16M
Pepsico PEP 65.10 65.95 65.02 65.20 7.66M
United Technologies UTX 73.59 74.31 72.83 73.59 6.18M
International Business Machines IBM 127.12 128.23 126.87 127.46 6.07M
Amgen AMGN 56.94 57.35 56.30 56.60 5.99M
Boeing BA 71.90 72.04 70.44 71.00 5.51M
3M MMM 87.04 87.22 86.08 86.59 4.88M
Berkshire Hathaway BRK.B 75.80 76.98 75.51 76.70 4.79M
Union Pacific UNP 74.05 75.58 73.71 74.29 3.32M
Exchange Rates of May 05, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.960 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.031 CAD 1 CAD = 0.970 USD
US Dollar Swiss Franc 1 USD = 1.118 CHF 1 CHF = 0.895 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 120.430 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.848 GBP 1 GBP = 1.179 EUR
Euro Australian Dollar 1 EUR = 1.414 AUD 1 AUD = 0.707 EUR
Euro Canadian Dollar 1 EUR = 1.322 CAD 1 CAD = 0.757 EUR
Euro Swiss Franc 1 EUR = 1.433 CHF 1 CHF = 0.698 EUR
Euro Chinese Yuan 1 EUR = 8.749 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.704 GBP 1 GBP = 1.420 JPY
Japanese Yen Australian Dollar 1 JPY = 1.174 AUD 1 AUD = 0.852 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.097 CAD 1 CAD = 0.912 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.666 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.558 CAD 1 CAD = 0.642 GBP
Pound Sterling Swiss Franc 1 GBP = 1.688 CHF 1 CHF = 0.593 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.298 CNY 1 CNY = 0.097 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.935 CAD 1 CAD = 1.070 AUD
Australian Dollar Swiss Franc 1 AUD = 1.012 CHF 1 CHF = 0.988 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.186 CNY 1 CNY = 0.162 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.083 CHF 1 CHF = 0.923 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.620 CNY 1 CNY = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.106 CNY 1 CNY = 0.164 CHF

See what else happened on May 05, 2010