Financial news on May 6th, 2009

Business and Financial news
A Full Plate for Fiat’s Chief

An enlarged and independent Fiat Auto would be in the pole position to lead the car industry’s global consolidation but the road to success is littered with obstacles. Read more..

By ROB COX - The New York Times

Agreement Said to Be Near at Boston Globe

The paper and its largest union are scheduled to resume talks, with lifetime job guarantees for some workers being the only major sticking point remaining. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Bright Spot in Downturn: New Hiring Is Robust

In spite of the recession, the U.S. economy is actually generating jobs at a healthy clip, with many major employers hiring. Read more..


Doctor Sounds Alarm Ahead of Tobacco Vote

A pulmonologist is not waiting for peer review to publish his research contending that cigarettes pose a higher risk of lung cancer than they did before the surgeon general declared them a health hazard in 1964. Read more..

By DUFF WILSON - The New York Times

E.U. Takes Aim at Canadian Seal Hunt on Eve of Trade Summit

Canada threatened to take a proposed ban on seal products to the World Trade Organization, casting a pall over an E.U.-Canada trade summit. Read more..

By STEPHEN CASTLE - International Herald Tribune

Mississippi Farmers Trade Cotton Plantings for Corn

A shift has emerged in an area tied to the same crop for generations as United States farmers plant the least cotton acreage since 1983, which in itself was an anomaly. Read more..

By CLIFFORD KRAUSS - The New York Times

Plan to Sell Chrysler to Fiat Clears Bar

The judge overseeing the bankruptcy of Chrysler approved the bidding procedures advocated by the company and backed by the White House. Read more..

By MICHAEL J. de la MERCED and JONATHAN D. GLATER - The New York Times

Struggles at the Box Office Weigh on Disney’s Profit

Disney’s films have underperformed at the box office, even as the rest of Hollywood is enjoying a boom in ticket sales. Read more..

By BROOKS BARNES - The New York Times

The Stress Test

Louise Story and Eric Dash discuss what the results of the banking industry's stress test could mean for both the taxpayer and the investor. Read more..

Michele Monteleone - The New York Times

Wall St. Catches Its Breath After a Jump

Some skeptical analysts said the stock market may have raced too far ahead of the weakening economy. Read more..

By JACK HEALY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24,5126,8424,4026,84256M
General ElectricGE13,4713,8013,3113,67129M
JPMorgan ChaseJPM35,8237,3535,5637,22103M
Cisco SystemsCSCO19,7619,8519,0319,6193.2M
Walt Disney & Co.DIS24,9526,2924,6625,8749.8M
Oracle Corp.ORCL19,1519,1918,6919,0627.1M
Wal-Mart StoresWMT50,6751,0949,0749,5126.1M
AT&T Inc.T26,6426,7826,2726,6924.7M
Abbott LaboratoriesABT43,6344,0042,3842,9320.8M
Johnson & JohnsonJNJ54,7554,7553,5854,2116.6M
HP Inc.HPQ36,6736,8035,8936,3315.4M
Procter & GamblePG50,0050,8649,9050,8414.9M
Verizon CommunicationsVZ30,6130,8030,3030,7614.6M
Bristol-Myers SquibbBMY19,7519,8719,3319,8114.4M
Home DepotHD26,3126,5125,5626,0413.9M
UnitedHealth GroupUNH25,7426,0025,2525,939.68M
Gilead SciencesGILD44,5844,6343,4344,038.44M
International Business MachinesIBM105,23105,50103,71104,627.53M
United TechnologiesUTX52,3452,8551,5152,294.99M
Union PacificUNP53,0853,9751,5853,004.16M
Berkshire HathawayBRK.B3110,003110,003043,003090,0037.4K
Exchange Rates of May 6th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98,450 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,167 CAD1 CAD = 0,857 USD
US DollarSwiss Franc1 USD = 1,133 CHF1 CHF = 0,883 USD
US DollarChinese Yuan1 USD = 6,818 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 131,050 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,881 GBP1 GBP = 1,136 EUR
EuroAustralian Dollar1 EUR = 1,782 AUD1 AUD = 0,561 EUR
EuroCanadian Dollar1 EUR = 1,553 CAD1 CAD = 0,644 EUR
EuroSwiss Franc1 EUR = 1,508 CHF1 CHF = 0,663 EUR
EuroChinese Yuan1 EUR = 9,095 CNY1 CNY = 0,110 EUR
Japanese YenPound Sterling1 JPY = 0,672 GBP1 GBP = 1,489 JPY
Japanese YenAustralian Dollar1 JPY = 1,360 AUD1 AUD = 0,736 JPY
Japanese YenCanadian Dollar1 JPY = 1,185 CAD1 CAD = 0,844 JPY
Japanese YenSwiss Franc1 JPY = 1,151 CHF1 CHF = 0,869 JPY
Pound SterlingAustralian Dollar1 GBP = 2,024 AUD1 AUD = 0,494 GBP
Pound SterlingCanadian Dollar1 GBP = 1,765 CAD1 CAD = 0,567 GBP
Pound SterlingSwiss Franc1 GBP = 1,713 CHF1 CHF = 0,584 GBP
Australian DollarCanadian Dollar1 AUD = 0,871 CAD1 CAD = 1,148 AUD
Australian DollarSwiss Franc1 AUD = 0,846 CHF1 CHF = 1,182 AUD
Australian DollarChinese Yuan1 AUD = 5,091 CNY1 CNY = 0,196 AUD
Canadian DollarSwiss Franc1 CAD = 0,971 CHF1 CHF = 1,030 CAD
Canadian DollarChinese Yuan1 CAD = 5,812 CNY1 CNY = 0,172 CAD
Swiss FrancChinese Yuan1 CHF = 6,035 CNY1 CNY = 0,166 CHF

See what else happened on May 6th, 2009