Financial news on June 8th, 2009

Business and Financial news
Accounts, People & Miscellany

Accounts. Read more..

By STUART ELLIOTT - The New York Times

A Swaps Disaster That Wasn’t One

G.M.’s fall into bankruptcy isn’t the nightmare scenario for derivatives that some expected. Read more..

By RICHARD BEALES and LAUREN SILVA LAUGHLIN - The New York Times

Bank of America Ad on Mortgages

In a television ad, Bank of America trumpets its efforts to help borrowers. Credit: Competitrack.com. Read more..

jen jenkins - The New York Times

Banks Reduce Credit Card Mailings

Banks sent out only about 500 million credit card solicitations in the first quarter, half as many as in the last three months of 2008. Read more..

By ALEX MINDLIN - The New York Times

Downturn in Asia Turns the Tables on Airlines

Are Asian airlines in crisis? Depends on who’s talking. And where. Read more..

By BETTINA WASSENER - International Herald Tribune

Peter L. Bernstein, Explainer of Risks of Stocks, Dies at 90

Mr. Bernstein embraced and spread efficient market theory, an alternative to stock-picking. He changed the way Americans invest. Read more..

By LOUIS UCHITELLE - The New York Times

Supreme Court Delays Sale of Chrysler to Fiat

If the U.S. Supreme Court decides to hear an appeal that lasts weeks or months, it could put Chrysler at risk of going out of business. Read more..

By MICHAEL J. de la MERCED - The New York Times

Victims of Madoff Seek Claims Overhaul

Customers say that they should be given credit for the full value of the securities shown on the last account statements they received before their investor’s arrest. Read more..

By DIANA B. HENRIQUES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24.6025.6024.5025.3965.7M
JPMorgan ChaseJPM34.5535.7334.5535.3961.6M
General ElectricGE13.5013.6913.3413.5658.5M
MicrosoftMSFT21.9822.3221.6322.0549M
PfizerPFE14.4014.4914.1214.3147.9M
IntelINTC15.8616.1015.6115.9244.1M
Cisco SystemsCSCO19.7420.0619.5319.8742.9M
Oracle Corp.ORCL20.6021.0720.5320.8734.9M
AppleAAPL143.82144.23139.43143.8533.3M
AT&T Inc.T24.2224.5724.0324.4029.6M
ExxonMobilXOM72.4873.6972.0073.1723.3M
AltriaMO17.0017.4316.9017.2121.3M
Wal-Mart StoresWMT50.9951.0650.4050.8119M
ConocoPhillipsCOP44.7645.3044.2245.0217.7M
MerckMRK25.8626.1825.4825.9317.7M
HP Inc.HPQ36.8637.6336.5037.4117.5M
ComcastCMCSA14.0214.5613.8314.3516.3M
McDonald'sMCD58.5859.1857.7558.7214.8M
Home DepotHD24.2424.7824.0024.5613.2M
Verizon CommunicationsVZ29.1529.5328.9829.2813.2M
Abbott LaboratoriesABT44.6445.0644.2744.7312.5M
Walt Disney & Co.DIS24.9425.5524.6325.3310.7M
Procter & GamblePG52.9353.5852.5953.1410.7M
UnitedHealth GroupUNH26.9927.0025.6626.0510.5M
Johnson & JohnsonJNJ55.7256.1455.1655.639.89M
ChevronCVX69.0069.9868.6369.589.56M
Bristol-Myers SquibbBMY19.8519.9319.5519.768.83M
SchlumbergerSLB56.8257.7455.6757.338.12M
BoeingBA52.4953.3351.1352.837.96M
Coca-ColaKO49.2349.6348.8149.387.92M
PepsicoPEP54.6854.9953.5554.156.85M
International Business MachinesIBM106.64107.98105.50107.496.36M
AlphabetGOOGL439.50440.92434.12438.776.19M
Gilead SciencesGILD44.0745.0944.0744.495.73M
AmazonAMZN86.7587.1885.1186.365.6M
AmgenAMGN50.4251.4750.2750.925.37M
United TechnologiesUTX56.2556.9755.2856.495.25M
VisaV68.6670.6068.5569.805.16M
3MMMM60.9761.0559.0760.695.14M
Union PacificUNP52.9554.6952.7254.004.62M
Berkshire HathawayBRK.B2903.002932.002898.502932.0013.5K
Exchange Rates of June 8th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98.470 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.116 CAD1 CAD = 0.896 USD
US DollarSwiss Franc1 USD = 1.092 CHF1 CHF = 0.916 USD
US DollarChinese Yuan1 USD = 6.838 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 136.840 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.866 GBP1 GBP = 1.155 EUR
EuroAustralian Dollar1 EUR = 1.760 AUD1 AUD = 0.568 EUR
EuroCanadian Dollar1 EUR = 1.551 CAD1 CAD = 0.645 EUR
EuroSwiss Franc1 EUR = 1.517 CHF1 CHF = 0.659 EUR
EuroChinese Yuan1 EUR = 9.502 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.633 GBP1 GBP = 1.581 JPY
Japanese YenAustralian Dollar1 JPY = 1.286 AUD1 AUD = 0.778 JPY
Japanese YenCanadian Dollar1 JPY = 1.133 CAD1 CAD = 0.883 JPY
Japanese YenSwiss Franc1 JPY = 1.109 CHF1 CHF = 0.902 JPY
Pound SterlingAustralian Dollar1 GBP = 2.032 AUD1 AUD = 0.492 GBP
Pound SterlingCanadian Dollar1 GBP = 1.790 CAD1 CAD = 0.559 GBP
Pound SterlingSwiss Franc1 GBP = 1.751 CHF1 CHF = 0.571 GBP
Pound SterlingChinese Yuan1 GBP = 10.956 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.881 CAD1 CAD = 1.136 AUD
Australian DollarSwiss Franc1 AUD = 0.862 CHF1 CHF = 1.161 AUD
Australian DollarChinese Yuan1 AUD = 5.396 CNY1 CNY = 0.185 AUD
Canadian DollarSwiss Franc1 CAD = 0.978 CHF1 CHF = 1.022 CAD
Canadian DollarChinese Yuan1 CAD = 6.124 CNY1 CNY = 0.163 CAD
Swiss FrancChinese Yuan1 CHF = 6.263 CNY1 CNY = 0.160 CHF

See what else happened on June 8th, 2009