Financial news on May 09, 2008

Business and Financial news
A Fear of Big Demand for Corporate Loans

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..

By LOUISE STORY - The New York Times

A Little Pity, Please, for Lenders

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..

By FLOYD NORRIS - The New York Times

Bad Investments and a $7.8 Billion Loss at A.I.G.

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..

By MICHAEL M. GRYNBAUM - The New York Times

Facebook Agrees to Devise Tools to Protect Young Users

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..

By BRAD STONE - The New York Times

F.B.I. Says the Military Had Bogus Computer Gear

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..

By JOHN MARKOFF - The New York Times

In a Weak Economy, Quirky Restaurant Ads Yield to Tried and True

Applebee’s and Wendy’s have opted for a more recession-proof approach: glamour shots of food. Read more..

By DOUGLAS QUENQUA - The New York Times

Push to End Europe’s Ban on U.S. Poultry Backfires

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..

By STEPHEN CASTLE - The New York Times

Questions of Rent Tactics by Private Equity

Private firms are buying up rent-regulated buildings and harassing tenants to increase vacancies, advocates say. Read more..

By GRETCHEN MORGENSON - The New York Times

Retailers’ April Is Mixed, With Discounters Strong

Wal-Mart and Costco reported April sales that rose more than analysts estimated as American consumers sought discounts on clothing and food. Read more..

By BLOOMBERG NEWS - The New York Times

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 09, 2008
CurrenciesExchange 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 09, 2008