Financial news on June 11th, 2009

Business and Financial news
Adviser Defends U.S. Role in Aiding Automakers

Ron Bloom, an adviser to President Obama’s auto task force, said the government should be able get most, if not all, of its investment back. Read more..

By NICK BUNKLEY - The New York Times

As Workers Die at Work in Italy, a Call for Change

A manager faces murder charges following a fatal fire at a steel mill, while debate rages over proposed changes to worker protection laws. Read more..

By ELISABETTA POVOLEDO - International Herald Tribune

China’s Commodity Buying Spree

Shipping and commodity executives are questioning China’s motives as it piles up extra quantities of products. Read more..

By KEITH BRADSHER - The New York Times

French Council Defangs Plan to Crack Down on Internet Piracy

The decision is a setback for the music and movie industries, which had praised the French law as a solution to illegal file sharing. Read more..

By ERIC PFANNER - International Herald Tribune

Tip of the Week: Apple’s iPhoto Software

Take a look at iPhoto’s built-in maintenance tools if you find the program misbehaving. Read more..

By J. D. BIERSDORFER - The New York Times

U.S. Regional Economies Slip and Trade Deficit Grows

The government said the trade gap grew in April for a second month, while the Federal Reserve’s June beige book showed continuing economic weakness. Read more..

By JACK HEALY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE13.4313.7513.3413.4671.4M
JPMorgan ChaseJPM35.0735.8734.5434.9466.6M
Wells Fargo & Co.WFC24.9425.4024.2425.0263.7M
Cisco SystemsCSCO19.9320.3519.9020.1044.8M
AT&T Inc.T24.3625.0024.3024.7935.6M
UnitedHealth GroupUNH23.7524.3323.2324.0531M
Oracle Corp.ORCL20.6621.2020.6620.9426.1M
Wal-Mart StoresWMT50.0550.2549.2949.3221.6M
Abbott LaboratoriesABT44.2145.0944.1944.5619.2M
Home DepotHD24.3924.6424.1624.2317.9M
Bristol-Myers SquibbBMY19.4720.0419.4320.0017.7M
HP Inc.HPQ36.7737.7336.7737.2315.7M
Verizon CommunicationsVZ29.4930.0829.4529.7513.4M
Johnson & JohnsonJNJ55.6556.4855.6156.0512.8M
Procter & GamblePG52.0552.7451.9552.0110.9M
Walt Disney & Co.DIS25.1525.6425.1025.239.58M
International Business MachinesIBM108.75110.64108.56109.409.13M
Gilead SciencesGILD44.0244.8844.0244.198.44M
United TechnologiesUTX55.7156.3255.3255.555.11M
Union PacificUNP53.5454.3652.5653.163.61M
Berkshire HathawayBRK.B2917.002977.002917.002965.0026.8K
Exchange Rates of June 11th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.700 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.103 CAD1 CAD = 0.906 USD
US DollarSwiss Franc1 USD = 1.071 CHF1 CHF = 0.934 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 137.720 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.850 GBP1 GBP = 1.177 EUR
EuroAustralian Dollar1 EUR = 1.721 AUD1 AUD = 0.581 EUR
EuroCanadian Dollar1 EUR = 1.555 CAD1 CAD = 0.643 EUR
EuroSwiss Franc1 EUR = 1.510 CHF1 CHF = 0.662 EUR
Japanese YenPound Sterling1 JPY = 0.618 GBP1 GBP = 1.619 JPY
Japanese YenAustralian Dollar1 JPY = 1.250 AUD1 AUD = 0.800 JPY
Japanese YenCanadian Dollar1 JPY = 1.130 CAD1 CAD = 0.885 JPY
Japanese YenSwiss Franc1 JPY = 1.097 CHF1 CHF = 0.912 JPY
Pound SterlingAustralian Dollar1 GBP = 2.024 AUD1 AUD = 0.494 GBP
Pound SterlingCanadian Dollar1 GBP = 1.828 CAD1 CAD = 0.547 GBP
Pound SterlingSwiss Franc1 GBP = 1.775 CHF1 CHF = 0.563 GBP
Australian DollarCanadian Dollar1 AUD = 0.903 CAD1 CAD = 1.107 AUD
Australian DollarSwiss Franc1 AUD = 0.877 CHF1 CHF = 1.141 AUD
Canadian DollarSwiss Franc1 CAD = 0.970 CHF1 CHF = 1.031 CAD

See what else happened on June 11th, 2009