Financial news on May 6th, 2010

Business and Financial news
A Bank’s Ads, Dressed Up in Historical Garb

The History Channel produced 12 spots for Bank of America, the sponsor of its series “America: The Story of Us.” Read more..

By ANDREW ADAM NEWMAN - The New York Times

As Markets Slip, Worries About Borrowing in Europe

Borrowing costs for Europe’s more vulnerable countries rose on Wednesday while stocks and the euro fell, as the possibility of a new credit downgrade for Portugal underscored fears that efforts to contain the debt crisis to Greece were failing. Read more..

By DEALBOOK - The New York Times

At Hotels, Making Wi-Fi as Standard as a Bed

In recent years hotels have heeded the message that business travelers require Wi-Fi access, with many midlevel and budget-price hotels providing it free. Read more..

By JOE SHARKEY - The New York Times

Burkle’s Americold Cancels I.P.O. as Markets Slide

Americold Realty Trust, the real estate investment trust controlled by Ron Burkle’s fund Yucaipa, on Thursday delayed its $660 million initial public offering, according to Bloomberg data, a day after it slashed the pricing for what was set to be the biggest I.P.O. in the United States this year. Read more..

By CHRIS V. NICHOLSON - The New York Times

CBS Posts Smaller Loss in Quarter

CBS said revenue rose 12 percent, the first double-digit gain since it was spun off from Viacom. Read more..

By BRIAN STELTER - The New York Times

F.C.C. Push to Regulate Broadband Is Expected

The rules ensure the government has authority to move ahead with a sweeping plan to bring high-speed connections to all Americans. Read more..

By EDWARD WYATT - The New York Times

Nikkei Sinks 3 Percent on Worries Over Greek Debt

The global market nervousness surrounding Greece’s debt crisis continued to weigh heavily on the euro and hit Japan’s stock market hard on Thursday as trading there reopened for the first time after three days of national holidays. Read more..

By DEALBOOK - The New York Times

Prudential Postpones Rights Issue for A.I.A.

Britain’s financial regulator needs more time to test the capital ratios of the combination of Prudential and the Asian life insurance business of A.I.G. Read more..


Shortcuts Define Self-Service Travel

As the burden of booking and managing travel shifts from airlines and hotels to consumers, options are being introduced to make self-service easier. Read more..

By SUSAN STELLIN - The New York Times

Young Bankers Sing the Ballad of Fabrice Tourre

Fabrice Tourre, the 31-year-old Goldman Sachs vice president accused of securities fraud, is becoming something of a folk hero among young bankers on Wall Street, according to Newsweek. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18,0018,1515,0017,31182M
Cisco SystemsCSCO26,4026,6523,2325,4997.9M
Wells Fargo & Co.WFC32,4432,7529,3131,1878.7M
JPMorgan ChaseJPM42,6342,7839,2940,8178.2M
AT&T Inc.T25,7125,7424,0425,1467.8M
Oracle Corp.ORCL24,8624,9722,2023,9156.2M
Verizon CommunicationsVZ28,6128,7226,4928,0142.1M
HP Inc.HPQ50,5351,9941,9448,3337.9M
Home DepotHD34,9235,3832,0733,9631.2M
Abbott LaboratoriesABT50,1450,3845,6049,0026M
Walt Disney & Co.DIS35,1635,5531,0034,0125.2M
Johnson & JohnsonJNJ65,0465,1060,0363,4024.4M
Wal-Mart StoresWMT54,3554,7851,5353,2324.1M
Bristol-Myers SquibbBMY24,9425,0322,8024,2819.6M
Gilead SciencesGILD39,7640,2538,0139,1819.5M
International Business MachinesIBM126,29127,93116,00123,9213.2M
UnitedHealth GroupUNH30,1530,2727,9729,2410.4M
Berkshire HathawayBRK.B76,4177,2571,5074,5910.4M
United TechnologiesUTX73,0574,0065,1771,249.27M
Procter & GamblePG62,1462,6756,0060,758.68M
Union PacificUNP73,7874,5167,6172,206.31M
Exchange Rates of May 6th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,810 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,052 CAD1 CAD = 0,950 USD
US DollarSwiss Franc1 USD = 1,113 CHF1 CHF = 0,899 USD
US DollarChinese Yuan1 USD = 6,828 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 114,720 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,855 GBP1 GBP = 1,170 EUR
EuroAustralian Dollar1 EUR = 1,425 AUD1 AUD = 0,702 EUR
EuroCanadian Dollar1 EUR = 1,329 CAD1 CAD = 0,753 EUR
EuroSwiss Franc1 EUR = 1,406 CHF1 CHF = 0,711 EUR
EuroChinese Yuan1 EUR = 8,621 CNY1 CNY = 0,116 EUR
Japanese YenPound Sterling1 JPY = 0,745 GBP1 GBP = 1,342 JPY
Japanese YenAustralian Dollar1 JPY = 1,241 AUD1 AUD = 0,806 JPY
Japanese YenCanadian Dollar1 JPY = 1,158 CAD1 CAD = 0,864 JPY
Japanese YenSwiss Franc1 JPY = 1,226 CHF1 CHF = 0,816 JPY
Pound SterlingAustralian Dollar1 GBP = 1,666 AUD1 AUD = 0,600 GBP
Pound SterlingCanadian Dollar1 GBP = 1,554 CAD1 CAD = 0,643 GBP
Pound SterlingSwiss Franc1 GBP = 1,644 CHF1 CHF = 0,608 GBP
Pound SterlingChinese Yuan1 GBP = 10,056 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 0,933 CAD1 CAD = 1,072 AUD
Australian DollarSwiss Franc1 AUD = 0,987 CHF1 CHF = 1,013 AUD
Australian DollarChinese Yuan1 AUD = 6,056 CNY1 CNY = 0,165 AUD
Canadian DollarSwiss Franc1 CAD = 1,057 CHF1 CHF = 0,946 CAD
Canadian DollarChinese Yuan1 CAD = 6,487 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 6,130 CNY1 CNY = 0,163 CHF

See what else happened on May 6th, 2010