Financial news on May 08, 2009

Business and Financial news
Findings, but No Final Word

The numbers in the stress test report that are most impressive — perhaps shocking should be the word — are the estimates of possible losses from differing categories of assets. Read more..

By FLOYD NORRIS - The New York Times

In Strategy Shift, G.E. Plans Lower-Cost Health Products

General Electric is shifting the strategy in its $17 billion-a-year health equipment and technology business, seeking to broaden its reach with more lower-cost products. Read more..

By STEVE LOHR - The New York Times

Is France Losing the War of the Rosés?

A national debate is sweeping France over whether a new European Union proposal to change the standards for making rosé wine would ruin or save it. Read more..

By STEPHEN CASTLE - International Herald Tribune

Technology Shares Pull Down Market, and a Treasury Auction Disappoints

Wall Street looks beyond the bank stress tests for the next potential source of market turmoil. Read more..

By JACK HEALY - The New York Times

The Internet’s Role in Gaming the Markets

A company with little fundamental value but plenty of traded shares sheds some light on a netherworld of stock trading. Read more..

By FLOYD NORRIS - The New York Times

UniCredit’s East European Units Receive Aid

The E.B.R.D. also warned that hopes for an economic recovery for the region next year could be in jeopardy without more external support. Read more..

By JUDY DEMPSEY - International Herald Tribune

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24,0328,1823,8328,18479M
General ElectricGE14,3814,5514,1414,53128M
JPMorgan ChaseJPM36,8038,9436,2038,94110M
Cisco SystemsCSCO19,0019,2218,5518,7365.4M
AT&T Inc.T25,7025,8325,0625,2541.6M
Oracle Corp.ORCL18,6018,7818,1218,3241.1M
HP Inc.HPQ34,8434,8533,4034,6824M
Abbott LaboratoriesABT45,1545,5044,6544,9320.3M
Wal-Mart StoresWMT50,4050,4049,7550,1418.5M
Home DepotHD25,7825,7824,7525,5018.5M
Walt Disney & Co.DIS25,7026,0025,0025,4618.2M
UnitedHealth GroupUNH28,7429,6928,5428,8717M
Verizon CommunicationsVZ30,1030,2229,5429,8516.5M
Procter & GamblePG52,0052,1951,1951,5713.4M
Johnson & JohnsonJNJ55,0755,5054,7054,9813M
Gilead SciencesGILD44,6745,2443,6944,0112.5M
International Business MachinesIBM103,58103,7599,83101,4911.6M
United TechnologiesUTX52,4253,6151,0353,557.33M
Union PacificUNP51,3352,4550,8551,447.28M
Bristol-Myers SquibbBMY20,0020,4319,9120,403.41M
Berkshire HathawayBRK.B3100,003132,003084,003132,0055.8K
Exchange Rates of May 08, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98,380 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,149 CAD1 CAD = 0,870 USD
US DollarSwiss Franc1 USD = 1,105 CHF1 CHF = 0,905 USD
US DollarChinese Yuan1 USD = 6,820 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 134,220 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,895 GBP1 GBP = 1,117 EUR
EuroAustralian Dollar1 EUR = 1,773 AUD1 AUD = 0,564 EUR
EuroCanadian Dollar1 EUR = 1,567 CAD1 CAD = 0,638 EUR
EuroSwiss Franc1 EUR = 1,507 CHF1 CHF = 0,663 EUR
EuroChinese Yuan1 EUR = 9,306 CNY1 CNY = 0,107 EUR
Japanese YenPound Sterling1 JPY = 0,667 GBP1 GBP = 1,500 JPY
Japanese YenAustralian Dollar1 JPY = 1,321 AUD1 AUD = 0,757 JPY
Japanese YenCanadian Dollar1 JPY = 1,167 CAD1 CAD = 0,857 JPY
Japanese YenSwiss Franc1 JPY = 1,123 CHF1 CHF = 0,891 JPY
Pound SterlingAustralian Dollar1 GBP = 1,981 AUD1 AUD = 0,505 GBP
Pound SterlingCanadian Dollar1 GBP = 1,751 CAD1 CAD = 0,571 GBP
Pound SterlingSwiss Franc1 GBP = 1,683 CHF1 CHF = 0,594 GBP
Australian DollarCanadian Dollar1 AUD = 0,883 CAD1 CAD = 1,133 AUD
Australian DollarSwiss Franc1 AUD = 0,849 CHF1 CHF = 1,178 AUD
Australian DollarChinese Yuan1 AUD = 5,245 CNY1 CNY = 0,191 AUD
Canadian DollarSwiss Franc1 CAD = 0,961 CHF1 CHF = 1,041 CAD
Canadian DollarChinese Yuan1 CAD = 5,933 CNY1 CNY = 0,169 CAD
Swiss FrancChinese Yuan1 CHF = 6,173 CNY1 CNY = 0,162 CHF

See what else happened on May 08, 2009