Financial news on May 08, 2008

Business and Financial news
A Plunge Disrupts the Recent Calm

The stock drop coincided with a speech by the chairman of the S.E.C., Christopher Cox, who called for more stringent federal oversight of investment banks. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

A World Beyond Comprehension (but You Know You Love to Hate It)

In The World Ends With You, Neku Sakuraba lives in a world where everyone seems to know what’s going on but he, and no one is inclined to explain anything. Read more..

By CHARLES HEROLD - The New York Times

Back-Up Your Mac, Effortlessly

David Pogue tests Apple’s Time Capsule, which backs up your computer automatically, constantly, completely and wirelessly. Read more..

By DAVID POGUE - The New York Times

CIRCUITS | The Robotic Lawn Mower Will Take Your Call Now

Kyodo America’s robotic lawn mower, the LawnBott LB3500, can be programmed to mow the grass with a Bluetooth-equipped mobile phone. Read more..

By ERIC A. TAUB - The New York Times

CIRCUITS | Timekeeper for Techies Turns 25 in Style

To celebrate the longevity of the G-Shock, Casio has created a number of new watches, including the solar-powered, water-resistant MTG-1000, which tells time in 27 cities. Read more..

By DAMON DARLIN - The New York Times

Delta and Northwest Defend a Merger

The chairmen of Delta Air Lines and Northwest Airlines said a merger was essential to preserve jobs and service to small cities, and to compete with foreign-flag carriers. Read more..

By MATTHEW L. WALD - The New York Times

Oil Giants to Settle Water Suit

A dozen oil companies agreed to pay $423 million in cash plus clean-up costs to settle litigation over groundwater contamination from the gasoline additive, MTBE. Read more..

By JAD MOUAWAD - The New York Times

Student Consultants Supply Fresh Insights to Businesses

Sending business students to do field work at local firms is nothing new, but the trend has continued to gain popularity in recent years. Read more..

By BRENT BOWERS - The New York Times

Toyota Feels Slowdown in U.S.

Toyota, which said that it would likely face an annual profit drop, is finding its profit growth in new markets. Read more..

BY MARTIN FACKLER - The New York Times

TV Guide, Having Just Been Bought, Is Bracing to Be Sold

Another sale would be the fourth change in control during the last decade for TV Guide, which has long been trying to forge a new identity as an entertainment magazine. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.26 29.39 29.00 29.27 69.6M
Intel INTC 23.38 23.61 23.11 23.40 50.1M
Cisco Systems CSCO 26.00 26.00 25.30 25.70 48.3M
Pfizer PFE 19.98 20.04 19.88 19.97 46.8M
General Electric GE 32.72 32.80 32.45 32.59 34.4M
Apple AAPL 183.75 186.50 183.07 185.06 32.1M
Wal-Mart Stores WMT 57.40 57.60 56.75 57.16 26.5M
JPMorgan Chase JPM 46.98 47.00 45.31 46.05 26.1M
Oracle Corp. ORCL 21.15 21.28 21.00 21.10 26.1M
ExxonMobil XOM 89.00 89.95 88.52 89.93 24.3M
Wells Fargo & Co. WFC 30.07 30.11 29.08 29.38 24.2M
Visa V 89.50 89.75 85.94 87.30 23.2M
Comcast CMCSA 21.76 22.17 21.59 22.05 21.5M
AT&T Inc. T 38.89 39.31 38.55 38.86 20.1M
Home Depot HD 28.61 28.78 27.79 27.92 19.5M
Walt Disney & Co. DIS 34.76 34.80 34.33 34.56 18.9M
ConocoPhillips COP 88.00 89.50 87.87 89.45 17.8M
Altria MO 20.92 21.35 20.84 21.33 17.4M
Chevron CVX 95.50 97.85 95.30 97.44 15.1M
Coca-Cola KO 57.35 57.57 56.05 56.29 14M
Verizon Communications VZ 38.49 38.74 37.91 38.25 12.7M
Merck MRK 39.10 39.73 38.63 39.09 11.3M
HP Inc. HPQ 48.90 49.45 48.46 49.06 10.6M
Alphabet GOOGL 586.20 589.30 578.91 583.01 10.2M
Procter & Gamble PG 66.10 66.26 65.68 65.92 10.1M
Abbott Laboratories ABT 51.58 52.41 51.03 51.28 9.81M
International Business Machines IBM 124.20 125.17 123.70 124.92 9.79M
Johnson & Johnson JNJ 67.03 67.16 66.70 66.90 9.44M
Bristol-Myers Squibb BMY 22.80 22.92 22.69 22.79 9.27M
Amazon AMZN 73.73 74.16 71.56 72.79 8.13M
McDonald's MCD 59.73 59.80 58.79 59.77 7.99M
Schlumberger SLB 102.61 105.75 102.07 105.56 7.32M
UnitedHealth Group UNH 32.75 33.57 32.50 33.00 7.21M
Amgen AMGN 42.36 42.56 41.90 42.02 6.35M
Pepsico PEP 68.40 68.42 67.24 67.54 6.33M
Gilead Sciences GILD 53.82 54.59 53.47 54.11 6.07M
United Technologies UTX 73.35 74.34 73.23 74.06 3.83M
3M MMM 77.00 77.36 76.47 76.95 3.8M
Boeing BA 84.71 85.20 84.00 84.76 3.67M
Union Pacific UNP 145.80 147.48 145.25 147.19 1.79M
Berkshire Hathaway BRK.B 4290.00 4304.00 4262.50 4280.00 21.7K
Exchange Rates of May 08, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 103.750 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.017 CAD 1 CAD = 0.983 USD
US Dollar Swiss Franc 1 USD = 1.050 CHF 1 CHF = 0.952 USD
US Dollar Chinese Yuan 1 USD = 7.005 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 159.810 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.788 GBP 1 GBP = 1.269 EUR
Euro Australian Dollar 1 EUR = 1.632 AUD 1 AUD = 0.613 EUR
Euro Canadian Dollar 1 EUR = 1.567 CAD 1 CAD = 0.638 EUR
Euro Swiss Franc 1 EUR = 1.618 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.493 GBP 1 GBP = 2.029 JPY
Japanese Yen Australian Dollar 1 JPY = 1.021 AUD 1 AUD = 0.979 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.980 CAD 1 CAD = 1.020 JPY
Japanese Yen Swiss Franc 1 JPY = 1.012 CHF 1 CHF = 0.988 JPY
Pound Sterling Australian Dollar 1 GBP = 2.072 AUD 1 AUD = 0.483 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.988 CAD 1 CAD = 0.503 GBP
Pound Sterling Swiss Franc 1 GBP = 2.053 CHF 1 CHF = 0.487 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.959 CAD 1 CAD = 1.043 AUD
Australian Dollar Swiss Franc 1 AUD = 0.990 CHF 1 CHF = 1.010 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.032 CHF 1 CHF = 0.969 CAD

See what else happened on May 08, 2008