Financial news on May 10, 2010

Business and Financial news
A Big Week for Guy Hands

It’s only Monday but, for a multitude of reasons, it’s already looking like a busy week for Terra Firma boss Guy Hands. For one thing, Queen is leaving. Read more..

By DEALBOOK - The New York Times

An Indie That Believes in CDs

While many labels are shrinking or fighting to survive, the Concord Music Group has concentrated on what it calls the adult audience. Read more..

By JOSEPH PLAMBECK - The New York Times

BarCap to Sell Assets of U.K. Campus Developer

Barclays Capital is planning to split and sell off part of University Partnerships Programme, Britain’s largest private developer of university campuses, in a move that could fetch around 800 million pounds for the British bank, The Financial Times reported. Read more..

By DEALBOOK - The New York Times

Europe Officials Move to Carry Out Aid Package

Central banks began buying euro-zone bonds — an unprecedented move to inject cash into the system. Read more..

By JACK EWING and JAMES KANTER - The New York Times

Goldman Warns It May Face More Lawsuits

The firm said in a regulatory filing that it may face more lawsuits related to its mortgage-trading activities, following civil charges filed by the Securities and Exchange Commission. Read more..

By DEALBOOK - The New York Times

Imagine YouTube for Traders

For half an hour last Thursday afternoon, CNBC was the most exciting place on television. Watching Erin Burnett and Jim Cramer try not to freak out — they acquitted themselves nicely — while the market tumbled like a drunken rag doll down a long staircase was amazing television. Read more..

By DEALBOOK - The New York Times

Imagine YouTube for Traders

Thomson Reuters’s new product, Reuters Insider, is a service that captures myriad streams of information produced by the company’s reporters and partners. Read more..

By DAVID CARR - The New York Times

JetBlue Asks Its Fliers to Keep Spreading the Word

Online video clips present devotees of the airline extolling the virtues of their favorite JetBlue features and amenities. Read more..

By STUART ELLIOTT - The New York Times

Moody’s Stock Still Pressured by S.E.C. Inquiry Disclosure

Shares in the Moody’s Corporation remained down on Monday after the firm disclosed late on Friday that it received notice of a Securities and Exchange Commission investigation over its credit-rating policies. Read more..

By DEALBOOK - The New York Times

Qatar Holding Buys Harrods Store

Mohamed al-Fayed agreed Saturday to sell the London luxury department store Harrods to Qatar Holding, adding another well-known brand to the emirate’s investments. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18.04 18.37 17.88 18.04 138M
Intel INTC 22.29 22.56 22.16 22.55 113M
Microsoft MSFT 29.01 29.48 28.71 28.94 86.7M
Pfizer PFE 16.90 17.25 16.84 17.00 81.6M
Cisco Systems CSCO 26.12 26.53 25.90 26.13 74.9M
Wells Fargo & Co. WFC 32.25 33.08 32.16 32.97 67.2M
JPMorgan Chase JPM 42.32 43.30 41.42 41.95 66.6M
Comcast CMCSA 18.73 19.08 17.73 18.03 47.3M
AT&T Inc. T 25.77 26.02 25.40 25.67 40.8M
Oracle Corp. ORCL 24.03 25.13 23.99 24.39 38.9M
ExxonMobil XOM 65.42 65.75 64.52 64.79 38.3M
Apple AAPL 250.25 254.65 248.53 253.99 35.2M
Verizon Communications VZ 28.93 29.00 28.28 28.61 27.7M
Wal-Mart Stores WMT 53.06 53.24 51.83 52.58 27.1M
Bristol-Myers Squibb BMY 24.34 24.75 23.93 24.14 25.5M
Altria MO 21.31 21.60 21.03 21.58 24.8M
HP Inc. HPQ 49.02 50.33 48.80 49.10 23.5M
Merck MRK 33.92 34.86 33.89 34.25 23.4M
Home Depot HD 34.64 35.40 34.58 35.29 21.7M
Abbott Laboratories ABT 49.80 50.23 49.24 49.69 21.4M
ConocoPhillips COP 56.37 57.00 55.93 56.67 19.7M
Schlumberger SLB 65.52 67.00 65.52 66.83 19.2M
Gilead Sciences GILD 38.61 39.79 38.04 38.38 19.1M
Johnson & Johnson JNJ 64.91 65.36 64.00 64.75 18.4M
Walt Disney & Co. DIS 34.99 35.63 34.56 35.29 18.3M
Coca-Cola KO 53.85 54.09 53.25 54.04 17.7M
Procter & Gamble PG 61.57 62.70 61.16 62.42 16M
Chevron CVX 79.37 80.56 78.53 79.89 14.7M
McDonald's MCD 70.07 71.05 69.75 70.58 10.9M
Pepsico PEP 65.80 66.49 65.66 66.41 10.8M
UnitedHealth Group UNH 28.98 30.06 28.92 29.88 9.06M
Boeing BA 69.96 71.73 69.80 71.00 8.84M
Visa V 86.25 87.20 85.93 85.99 8.78M
International Business Machines IBM 126.27 126.67 125.06 126.27 8.46M
Amgen AMGN 55.30 56.95 55.16 55.58 8.4M
Alphabet GOOGL 513.97 522.82 512.60 521.65 8.25M
United Technologies UTX 72.54 73.35 72.00 73.04 7.69M
Berkshire Hathaway BRK.B 77.07 78.30 76.63 78.23 7.54M
Amazon AMZN 129.73 132.21 129.26 131.29 6.81M
3M MMM 85.60 87.04 84.90 85.97 6.27M
Union Pacific UNP 73.20 75.30 73.20 74.94 5.95M
Exchange Rates of May 10, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.340 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.024 CAD 1 CAD = 0.977 USD
US Dollar Swiss Franc 1 USD = 1.110 CHF 1 CHF = 0.901 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 119.340 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.861 GBP 1 GBP = 1.162 EUR
Euro Australian Dollar 1 EUR = 1.416 AUD 1 AUD = 0.706 EUR
Euro Canadian Dollar 1 EUR = 1.309 CAD 1 CAD = 0.764 EUR
Euro Swiss Franc 1 EUR = 1.419 CHF 1 CHF = 0.705 EUR
Euro Chinese Yuan 1 EUR = 8.728 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.721 GBP 1 GBP = 1.388 JPY
Japanese Yen Australian Dollar 1 JPY = 1.186 AUD 1 AUD = 0.844 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.097 CAD 1 CAD = 0.912 JPY
Japanese Yen Swiss Franc 1 JPY = 1.188 CHF 1 CHF = 0.842 JPY
Pound Sterling Australian Dollar 1 GBP = 1.644 AUD 1 AUD = 0.608 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.521 CAD 1 CAD = 0.658 GBP
Pound Sterling Swiss Franc 1 GBP = 1.648 CHF 1 CHF = 0.607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.134 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.925 CAD 1 CAD = 1.082 AUD
Australian Dollar Swiss Franc 1 AUD = 1.002 CHF 1 CHF = 0.998 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.168 CNY 1 CNY = 0.162 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.083 CHF 1 CHF = 0.923 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.667 CNY 1 CNY = 0.150 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.150 CNY 1 CNY = 0.163 CHF

See what else happened on May 10, 2010