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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18,0418,3717,8818,04138M
Cisco SystemsCSCO26,1226,5325,9026,1374.9M
Wells Fargo & Co.WFC32,2533,0832,1632,9767.2M
JPMorgan ChaseJPM42,3243,3041,4241,9566.6M
AT&T Inc.T25,7726,0225,4025,6740.8M
Oracle Corp.ORCL24,0325,1323,9924,3938.9M
Verizon CommunicationsVZ28,9329,0028,2828,6127.7M
Wal-Mart StoresWMT53,0653,2451,8352,5827.1M
Bristol-Myers SquibbBMY24,3424,7523,9324,1425.5M
HP Inc.HPQ49,0250,3348,8049,1023.5M
Home DepotHD34,6435,4034,5835,2921.7M
Abbott LaboratoriesABT49,8050,2349,2449,6921.4M
Gilead SciencesGILD38,6139,7938,0438,3819.1M
Johnson & JohnsonJNJ64,9165,3664,0064,7518.4M
Walt Disney & Co.DIS34,9935,6334,5635,2918.3M
Procter & GamblePG61,5762,7061,1662,4216M
UnitedHealth GroupUNH28,9830,0628,9229,889.06M
International Business MachinesIBM126,27126,67125,06126,278.46M
United TechnologiesUTX72,5473,3572,0073,047.69M
Berkshire HathawayBRK.B77,0778,3076,6378,237.54M
Union PacificUNP73,2075,3073,2074,945.95M
Exchange Rates of May 10, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93,340 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,024 CAD1 CAD = 0,977 USD
US DollarSwiss Franc1 USD = 1,110 CHF1 CHF = 0,901 USD
US DollarChinese Yuan1 USD = 6,827 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 119,340 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,861 GBP1 GBP = 1,162 EUR
EuroAustralian Dollar1 EUR = 1,416 AUD1 AUD = 0,706 EUR
EuroCanadian Dollar1 EUR = 1,309 CAD1 CAD = 0,764 EUR
EuroSwiss Franc1 EUR = 1,419 CHF1 CHF = 0,705 EUR
EuroChinese Yuan1 EUR = 8,728 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,721 GBP1 GBP = 1,388 JPY
Japanese YenAustralian Dollar1 JPY = 1,186 AUD1 AUD = 0,844 JPY
Japanese YenCanadian Dollar1 JPY = 1,097 CAD1 CAD = 0,912 JPY
Japanese YenSwiss Franc1 JPY = 1,188 CHF1 CHF = 0,842 JPY
Pound SterlingAustralian Dollar1 GBP = 1,644 AUD1 AUD = 0,608 GBP
Pound SterlingCanadian Dollar1 GBP = 1,521 CAD1 CAD = 0,658 GBP
Pound SterlingSwiss Franc1 GBP = 1,648 CHF1 CHF = 0,607 GBP
Pound SterlingChinese Yuan1 GBP = 10,134 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 0,925 CAD1 CAD = 1,082 AUD
Australian DollarSwiss Franc1 AUD = 1,002 CHF1 CHF = 0,998 AUD
Australian DollarChinese Yuan1 AUD = 6,168 CNY1 CNY = 0,162 AUD
Canadian DollarSwiss Franc1 CAD = 1,083 CHF1 CHF = 0,923 CAD
Canadian DollarChinese Yuan1 CAD = 6,667 CNY1 CNY = 0,150 CAD
Swiss FrancChinese Yuan1 CHF = 6,150 CNY1 CNY = 0,163 CHF

See what else happened on May 10, 2010