Financial news on May 9th, 2008
Business and Financial news
Banks have promised scores of companies money for a rainy day. Now that day is here — and the banks, hard pressed themselves, are worried they will have to keep their promises. Read more..
A G.M.A.C. subsidiary that was a leader in creative mortgages can’t pay its own debts, so it is demanding a privilege that it won’t grant its borrowers. Read more..
In the worst three months of the company’s 89-year history, American International Group lost $7.81 billion, primarily from bad investments in complex financial instruments. Read more..
The company will require users under 18 to confirm they have read Facebook’s safety tips when they sign up; the site will also display a prominent “report abuse” icon. Read more..
The prospect of an electronic Trojan horse, lurking in the circuitry of a computer and allowing attackers clandestine access or control, was raised again recently by the F.B.I. and the Pentagon. Read more..
Applebee’s and Wendy’s have opted for a more recession-proof approach: glamour shots of food. Read more..
American pressure for a quick end to a Europe-wide ban on U.S. poultry imports threatened to backfire after European officials contradicted claims that the dispute was almost resolved. Read more..
Private firms are buying up rent-regulated buildings and harassing tenants to increase vacancies, advocates say. Read more..
Wal-Mart and Costco reported April sales that rose more than analysts estimated as American consumers sought discounts on clothing and food. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 29.15 | 29.55 | 28.95 | 29.39 | 51.6M |
Intel | INTC | 23.13 | 23.57 | 23.13 | 23.37 | 40M |
General Electric | GE | 32.45 | 32.46 | 32.14 | 32.27 | 38.8M |
Cisco Systems | CSCO | 25.40 | 25.64 | 25.26 | 25.49 | 38.5M |
Pfizer | PFE | 19.89 | 19.93 | 19.70 | 19.79 | 35.3M |
Bristol-Myers Squibb | BMY | 22.13 | 22.17 | 21.63 | 21.71 | 28.9M |
ExxonMobil | XOM | 89.31 | 89.59 | 87.97 | 88.82 | 24.1M |
Apple | AAPL | 183.18 | 184.25 | 181.37 | 183.45 | 24M |
Visa | V | 85.77 | 86.67 | 82.52 | 82.86 | 23.6M |
JPMorgan Chase | JPM | 45.68 | 46.93 | 45.52 | 46.57 | 21.7M |
Oracle Corp. | ORCL | 20.83 | 21.10 | 20.70 | 21.00 | 21.1M |
Altria | MO | 21.26 | 21.33 | 20.89 | 20.94 | 19M |
Wells Fargo & Co. | WFC | 29.33 | 29.95 | 29.00 | 29.33 | 16.1M |
AT&T Inc. | T | 38.58 | 38.86 | 38.30 | 38.59 | 15.3M |
ConocoPhillips | COP | 89.50 | 89.60 | 87.79 | 88.71 | 14.4M |
Abbott Laboratories | ABT | 51.23 | 52.01 | 50.50 | 51.78 | 13.8M |
Walt Disney & Co. | DIS | 34.37 | 34.47 | 34.03 | 34.30 | 13.4M |
Comcast | CMCSA | 21.63 | 22.00 | 21.62 | 21.68 | 13.2M |
Home Depot | HD | 27.82 | 28.44 | 27.63 | 27.98 | 13M |
Wal-Mart Stores | WMT | 56.83 | 57.49 | 56.61 | 57.18 | 13M |
Merck | MRK | 39.00 | 39.62 | 38.50 | 38.99 | 12.6M |
Verizon Communications | VZ | 38.25 | 38.25 | 37.50 | 37.91 | 12M |
Chevron | CVX | 97.44 | 97.90 | 96.20 | 97.39 | 11.3M |
Coca-Cola | KO | 56.34 | 56.34 | 55.83 | 56.15 | 10.4M |
Procter & Gamble | PG | 65.70 | 65.79 | 65.10 | 65.21 | 9.76M |
HP Inc. | HPQ | 48.85 | 49.35 | 48.60 | 49.13 | 9.61M |
Alphabet | GOOGL | 579.50 | 585.00 | 571.30 | 573.20 | 8.96M |
Johnson & Johnson | JNJ | 66.52 | 66.97 | 66.35 | 66.55 | 8.76M |
Schlumberger | SLB | 105.45 | 105.95 | 103.30 | 105.01 | 6.09M |
Pepsico | PEP | 67.76 | 67.91 | 66.81 | 67.51 | 5.91M |
International Business Machines | IBM | 124.37 | 124.65 | 123.63 | 124.06 | 5.5M |
McDonald's | MCD | 59.06 | 59.58 | 59.06 | 59.24 | 5.22M |
UnitedHealth Group | UNH | 33.09 | 33.21 | 32.62 | 32.94 | 5.17M |
Amazon | AMZN | 72.20 | 73.34 | 71.66 | 72.41 | 4.24M |
Gilead Sciences | GILD | 53.51 | 54.14 | 53.25 | 53.64 | 4.05M |
Amgen | AMGN | 41.58 | 42.31 | 41.58 | 42.05 | 4.05M |
United Technologies | UTX | 73.63 | 73.63 | 72.39 | 73.13 | 3.99M |
3M | MMM | 75.99 | 76.67 | 75.82 | 76.32 | 3.87M |
Boeing | BA | 84.43 | 84.75 | 83.75 | 84.06 | 3.33M |
Union Pacific | UNP | 144.95 | 146.65 | 144.51 | 146.28 | 1.29M |
Berkshire Hathaway | BRK.B | 4281.00 | 4294.00 | 4175.00 | 4179.00 | 36.8K |
Exchange Rates of May 9th, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 102.850 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 1.005 CAD | 1 CAD = 0.995 USD |
US Dollar | Swiss Franc | 1 USD = 1.041 CHF | 1 CHF = 0.961 USD |
US Dollar | Chinese Yuan | 1 USD = 6.988 CNY | 1 CNY = 0.143 USD |
Euro | Japanese Yen | 1 EUR = 159.220 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.792 GBP | 1 GBP = 1.263 EUR |
Euro | Australian Dollar | 1 EUR = 1.641 AUD | 1 AUD = 0.609 EUR |
Euro | Canadian Dollar | 1 EUR = 1.556 CAD | 1 CAD = 0.643 EUR |
Euro | Swiss Franc | 1 EUR = 1.612 CHF | 1 CHF = 0.620 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.497 GBP | 1 GBP = 2.012 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.030 AUD | 1 AUD = 0.971 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.977 CAD | 1 CAD = 1.024 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 = 1.964 CAD | 1 CAD = 0.509 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.034 CHF | 1 CHF = 0.492 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.947 CAD | 1 CAD = 1.056 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.982 CHF | 1 CHF = 1.019 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.036 CHF | 1 CHF = 0.966 CAD |
See what else happened on May 9th, 2008