Financial news on June 10th, 2009
Business and Financial news
California cannot solve its budget crisis by shirking bondholders and declaring default; that would make future borrowing impossibly expensive. Read more..
FedEx is fighting a labor bill in Congress making it easier for workers to form unions by taking shots at its chief rival, U.P.S., which is unionized. Read more..
Arcandor made the bankruptcy filing after the government rejected its request for emergency state aid. Read more..
Edward E. Whitacre Jr. will head a recast board to oversee the “New G.M.” that will emerge from bankruptcy. Read more..
Ariel Z. Emanuel, brother of President Obama’s chief of staff, has emerged as Hollywood’s top power player. Read more..
Mr. Brinker helped put casual dining and salad bars on the American menu with the Steak and Ale, Bennigan’s chains, and Chili’s restaurants. Read more..
An outside firm is projecting a 23 percent jump in revenue for the Internet company in a year when classified advertising in newspapers has plummeted. Read more..
An industry that offers to intercede on behalf of consumers is concerned that the economic crisis might prove to be its undoing. Read more..
A federal proposal to restrict executive pay has the potential to humble seven large institutions that have received billions of dollars in bailout money. Read more..
The Justice Department has requested information from Google and groups representing publishers and authors, among others. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Wells Fargo & Co. | WFC | 25.75 | 25.80 | 24.58 | 24.91 | 89M |
General Electric | GE | 13.72 | 13.77 | 13.12 | 13.40 | 81.9M |
Microsoft | MSFT | 22.17 | 22.62 | 22.12 | 22.55 | 61.3M |
JPMorgan Chase | JPM | 35.57 | 35.67 | 34.37 | 34.84 | 60.2M |
Cisco Systems | CSCO | 20.19 | 20.24 | 19.60 | 19.95 | 58.4M |
Intel | INTC | 16.58 | 16.61 | 16.15 | 16.46 | 48.8M |
Pfizer | PFE | 14.13 | 14.32 | 13.94 | 14.05 | 47.2M |
AT&T Inc. | T | 24.32 | 24.44 | 24.14 | 24.28 | 33.4M |
Oracle Corp. | ORCL | 21.06 | 21.19 | 20.43 | 20.74 | 33.3M |
ExxonMobil | XOM | 73.97 | 74.12 | 72.84 | 73.84 | 27.4M |
Apple | AAPL | 142.28 | 142.35 | 138.30 | 140.25 | 24.6M |
Altria | MO | 17.40 | 17.49 | 16.98 | 17.07 | 24.4M |
Home Depot | HD | 25.06 | 25.12 | 24.19 | 24.39 | 24.4M |
Abbott Laboratories | ABT | 44.60 | 44.70 | 43.90 | 44.15 | 20.9M |
Wal-Mart Stores | WMT | 50.81 | 50.85 | 49.73 | 50.06 | 19.8M |
Comcast | CMCSA | 14.59 | 14.63 | 13.95 | 14.29 | 18.8M |
ConocoPhillips | COP | 46.43 | 46.53 | 45.25 | 45.76 | 17.6M |
Chevron | CVX | 71.00 | 71.50 | 69.45 | 70.22 | 14.4M |
HP Inc. | HPQ | 37.13 | 37.24 | 36.31 | 36.79 | 14.2M |
Coca-Cola | KO | 49.30 | 49.36 | 48.05 | 48.41 | 14.1M |
Johnson & Johnson | JNJ | 56.02 | 56.25 | 55.22 | 55.66 | 13.3M |
Procter & Gamble | PG | 52.69 | 52.93 | 51.57 | 52.08 | 13.1M |
Bristol-Myers Squibb | BMY | 19.57 | 19.61 | 19.12 | 19.41 | 13M |
Merck | MRK | 25.92 | 26.13 | 25.41 | 25.59 | 12.8M |
Verizon Communications | VZ | 29.51 | 29.76 | 29.17 | 29.53 | 12.5M |
Walt Disney & Co. | DIS | 25.47 | 25.52 | 24.82 | 25.10 | 11.8M |
Schlumberger | SLB | 59.86 | 60.15 | 57.83 | 59.27 | 10.6M |
McDonald's | MCD | 59.60 | 59.62 | 57.87 | 58.36 | 10M |
UnitedHealth Group | UNH | 26.02 | 26.28 | 25.42 | 25.73 | 9.87M |
Amgen | AMGN | 50.45 | 51.94 | 49.60 | 50.11 | 9.29M |
Visa | V | 69.03 | 69.92 | 67.96 | 69.27 | 8.45M |
International Business Machines | IBM | 109.20 | 109.28 | 107.05 | 108.35 | 7.58M |
Gilead Sciences | GILD | 44.36 | 44.81 | 43.55 | 44.28 | 7.33M |
Alphabet | GOOGL | 436.23 | 437.89 | 426.67 | 432.60 | 6.71M |
Boeing | BA | 52.82 | 53.20 | 51.10 | 52.30 | 6.56M |
Pepsico | PEP | 53.73 | 54.11 | 52.99 | 53.36 | 6.29M |
Amazon | AMZN | 87.58 | 88.56 | 84.83 | 86.59 | 6.07M |
United Technologies | UTX | 56.05 | 56.22 | 54.55 | 55.50 | 6.01M |
3M | MMM | 60.62 | 61.22 | 59.49 | 60.46 | 4.43M |
Union Pacific | UNP | 54.34 | 54.75 | 52.48 | 53.43 | 3.19M |
Berkshire Hathaway | BRK.B | 2997.00 | 2997.00 | 2924.00 | 2925.00 | 21.1K |
Exchange Rates of June 10th, 2009
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 98.230 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 1.109 CAD | 1 CAD = 0.902 USD |
US Dollar | Swiss Franc | 1 USD = 1.082 CHF | 1 CHF = 0.924 USD |
US Dollar | Chinese Yuan | 1 USD = 6.834 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 137.190 JPY | 1 JPY = 0.007 EUR |
Euro | Pound Sterling | 1 EUR = 0.854 GBP | 1 GBP = 1.171 EUR |
Euro | Australian Dollar | 1 EUR = 1.742 AUD | 1 AUD = 0.574 EUR |
Euro | Canadian Dollar | 1 EUR = 1.549 CAD | 1 CAD = 0.646 EUR |
Euro | Swiss Franc | 1 EUR = 1.511 CHF | 1 CHF = 0.662 EUR |
Euro | Chinese Yuan | 1 EUR = 9.546 CNY | 1 CNY = 0.105 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.622 GBP | 1 GBP = 1.607 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.269 AUD | 1 AUD = 0.788 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.128 CAD | 1 CAD = 0.886 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.101 CHF | 1 CHF = 0.908 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.039 AUD | 1 AUD = 0.490 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.813 CAD | 1 CAD = 0.552 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.769 CHF | 1 CHF = 0.565 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 11.161 CNY | 1 CNY = 0.090 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.889 CAD | 1 CAD = 1.125 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.867 CHF | 1 CHF = 1.153 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.477 CNY | 1 CNY = 0.183 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 0.975 CHF | 1 CHF = 1.026 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.161 CNY | 1 CNY = 0.162 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.316 CNY | 1 CNY = 0.158 CHF |
See what else happened on June 10th, 2009