Financial news on May 06, 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..

By JULIA WERDIGIER and CHRIS V. NICHOLSON - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18.00 18.15 15.00 17.31 182M
Intel INTC 22.15 22.38 19.90 21.51 161M
Microsoft MSFT 29.59 29.88 27.91 28.98 129M
Pfizer PFE 17.16 17.21 15.85 16.74 119M
Cisco Systems CSCO 26.40 26.65 23.23 25.49 97.9M
Wells Fargo & Co. WFC 32.44 32.75 29.31 31.18 78.7M
JPMorgan Chase JPM 42.63 42.78 39.29 40.81 78.2M
AT&T Inc. T 25.71 25.74 24.04 25.14 67.8M
ExxonMobil XOM 65.79 66.23 58.46 63.89 58.3M
Comcast CMCSA 19.46 19.49 17.65 18.51 58.3M
Oracle Corp. ORCL 24.86 24.97 22.20 23.91 56.2M
Apple AAPL 253.83 258.25 199.25 246.25 45.9M
Verizon Communications VZ 28.61 28.72 26.49 28.01 42.1M
HP Inc. HPQ 50.53 51.99 41.94 48.33 37.9M
Altria MO 21.11 21.20 19.20 20.75 31.3M
Home Depot HD 34.92 35.38 32.07 33.96 31.2M
Merck MRK 35.41 35.58 30.70 34.27 30.8M
ConocoPhillips COP 56.27 56.83 52.00 55.09 26.7M
Abbott Laboratories ABT 50.14 50.38 45.60 49.00 26M
Walt Disney & Co. DIS 35.16 35.55 31.00 34.01 25.2M
Johnson & Johnson JNJ 65.04 65.10 60.03 63.40 24.4M
Wal-Mart Stores WMT 54.35 54.78 51.53 53.23 24.1M
Coca-Cola KO 53.67 54.20 51.21 52.30 24M
Chevron CVX 79.41 80.21 71.50 77.20 21.1M
Bristol-Myers Squibb BMY 24.94 25.03 22.80 24.28 19.6M
Gilead Sciences GILD 39.76 40.25 38.01 39.18 19.5M
Schlumberger SLB 67.12 68.11 61.00 65.35 18.6M
McDonald's MCD 70.45 71.49 67.49 69.42 16.5M
Visa V 85.85 86.56 75.91 82.92 16M
Pepsico PEP 65.16 66.20 61.91 64.70 14M
Boeing BA 70.66 71.49 62.00 67.97 13.8M
International Business Machines IBM 126.29 127.93 116.00 123.92 13.2M
UnitedHealth Group UNH 30.15 30.27 27.97 29.24 10.4M
Berkshire Hathaway BRK.B 76.41 77.25 71.50 74.59 10.4M
Amazon AMZN 130.00 132.33 120.60 128.71 10.2M
Alphabet GOOGL 508.75 517.52 460.00 498.67 9.99M
Amgen AMGN 56.43 56.49 52.80 54.75 9.74M
United Technologies UTX 73.05 74.00 65.17 71.24 9.27M
3M MMM 86.06 90.52 67.98 84.24 9.16M
Procter & Gamble PG 62.14 62.67 56.00 60.75 8.68M
Union Pacific UNP 73.78 74.51 67.61 72.20 6.31M
Exchange Rates of May 06, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.810 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.052 CAD 1 CAD = 0.950 USD
US Dollar Swiss Franc 1 USD = 1.113 CHF 1 CHF = 0.899 USD
US Dollar Chinese Yuan 1 USD = 6.828 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 114.720 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.855 GBP 1 GBP = 1.170 EUR
Euro Australian Dollar 1 EUR = 1.425 AUD 1 AUD = 0.702 EUR
Euro Canadian Dollar 1 EUR = 1.329 CAD 1 CAD = 0.753 EUR
Euro Swiss Franc 1 EUR = 1.406 CHF 1 CHF = 0.711 EUR
Euro Chinese Yuan 1 EUR = 8.621 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.745 GBP 1 GBP = 1.342 JPY
Japanese Yen Australian Dollar 1 JPY = 1.241 AUD 1 AUD = 0.806 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.158 CAD 1 CAD = 0.864 JPY
Japanese Yen Swiss Franc 1 JPY = 1.226 CHF 1 CHF = 0.816 JPY
Pound Sterling Australian Dollar 1 GBP = 1.666 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.554 CAD 1 CAD = 0.643 GBP
Pound Sterling Swiss Franc 1 GBP = 1.644 CHF 1 CHF = 0.608 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.056 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.933 CAD 1 CAD = 1.072 AUD
Australian Dollar Swiss Franc 1 AUD = 0.987 CHF 1 CHF = 1.013 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.056 CNY 1 CNY = 0.165 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.057 CHF 1 CHF = 0.946 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.487 CNY 1 CNY = 0.154 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.130 CNY 1 CNY = 0.163 CHF

See what else happened on May 06, 2010