Financial news on May 8th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,0026,0025,3025,7048.3M
General ElectricGE32,7232,8032,4532,5934.4M
Wal-Mart StoresWMT57,4057,6056,7557,1626.5M
JPMorgan ChaseJPM46,9847,0045,3146,0526.1M
Oracle Corp.ORCL21,1521,2821,0021,1026.1M
Wells Fargo & Co.WFC30,0730,1129,0829,3824.2M
AT&T Inc.T38,8939,3138,5538,8620.1M
Home DepotHD28,6128,7827,7927,9219.5M
Walt Disney & Co.DIS34,7634,8034,3334,5618.9M
Verizon CommunicationsVZ38,4938,7437,9138,2512.7M
HP Inc.HPQ48,9049,4548,4649,0610.6M
Procter & GamblePG66,1066,2665,6865,9210.1M
Abbott LaboratoriesABT51,5852,4151,0351,289.81M
International Business MachinesIBM124,20125,17123,70124,929.79M
Johnson & JohnsonJNJ67,0367,1666,7066,909.44M
Bristol-Myers SquibbBMY22,8022,9222,6922,799.27M
UnitedHealth GroupUNH32,7533,5732,5033,007.21M
Gilead SciencesGILD53,8254,5953,4754,116.07M
United TechnologiesUTX73,3574,3473,2374,063.83M
Union PacificUNP145,80147,48145,25147,191.79M
Berkshire HathawayBRK.B4290,004304,004262,504280,0021.7K
Exchange Rates of May 8th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 103,750 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,017 CAD1 CAD = 0,983 USD
US DollarSwiss Franc1 USD = 1,050 CHF1 CHF = 0,952 USD
US DollarChinese Yuan1 USD = 7,005 CNY1 CNY = 0,143 USD
EuroJapanese Yen1 EUR = 159,810 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,788 GBP1 GBP = 1,269 EUR
EuroAustralian Dollar1 EUR = 1,632 AUD1 AUD = 0,613 EUR
EuroCanadian Dollar1 EUR = 1,567 CAD1 CAD = 0,638 EUR
EuroSwiss Franc1 EUR = 1,618 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,493 GBP1 GBP = 2,029 JPY
Japanese YenAustralian Dollar1 JPY = 1,021 AUD1 AUD = 0,979 JPY
Japanese YenCanadian Dollar1 JPY = 0,980 CAD1 CAD = 1,020 JPY
Japanese YenSwiss Franc1 JPY = 1,012 CHF1 CHF = 0,988 JPY
Pound SterlingAustralian Dollar1 GBP = 2,072 AUD1 AUD = 0,483 GBP
Pound SterlingCanadian Dollar1 GBP = 1,988 CAD1 CAD = 0,503 GBP
Pound SterlingSwiss Franc1 GBP = 2,053 CHF1 CHF = 0,487 GBP
Australian DollarCanadian Dollar1 AUD = 0,959 CAD1 CAD = 1,043 AUD
Australian DollarSwiss Franc1 AUD = 0,990 CHF1 CHF = 1,010 AUD
Canadian DollarSwiss Franc1 CAD = 1,032 CHF1 CHF = 0,969 CAD

See what else happened on May 8th, 2008