Financial news on May 11, 2010

Business and Financial news
ABN Amro Admits Wrong, and Will Pay $500 Million

The bank, now part of the Royal Bank of Scotland, admitted that it altered payment documents from 1995 through 2005. Read more..

By BLOOMBERG NEWS - The New York Times

Editorial: Senate Has to Do Better

Banks ahead, American taxpayers lagging behind: That’s the disappointing reality after the first week of Senate action on the financial reform bill, The New York Times’s editorial board writes. Read more..

By DEALBOOK - The New York Times

Europe’s Debt Crisis: Your Questions Answered

Economix invited questions about the Greek debt crisis and its potential effects on markets and governments in the rest of Europe and beyond. Simon Johnson, Carmen M. Reinhardt and Yves Smith have written their responses. Read more..

By DEALBOOK - The New York Times

Fidelity Reshuffle Boosts Abigail Johnson

Fidelity Investments, the giant mutual fund firm, has shuffled top management, expanding the duties of Abigail Johnson, daughter of its chief, and hiring a top Bank of New York Mellon executive to run its asset-management business, Reuters reported. Read more..

By DEALBOOK - The New York Times

Investor Group to Acquire Canadian Newspapers

The chief executive of the National Post leads a group buying Canwest Global Communications. Read more..

By IAN AUSTEN - The New York Times

Lagarde: What If It Had Been Lehman Sisters?

When women are called to action in times of turbulence, it is often on account of their composure, sense of responsibility and great pragmatism in delicate situations, Christine Lagarde, the French finance minister, writes in a commentary for The International Herald Tribune. Read more..

By DEALBOOK - The New York Times

Lawsuit Against Cuban Calls Mavericks ‘Insolvent’

Ross Perot Jr. claims in a lawsuit that Mark Cuban’s management of the Dallas Mavericks has diminished his investment in the team. Read more..

By DEALBOOK - The New York Times

Stocks Rally in Europe and Asia

Global stocks rose and the euro jumped Monday after European leaders and major central banks announced a powerful array of emergency lending measures. Read more..

By DAVID JOLLY and BETTINA WASSENER - International Herald Tribune

Stocks Soar After Europe Announces Rescue Plan

Markets rebound after European leaders and major central banks announced an array of emergency lending measures. Read more..

By CHRISTINE HAUSER - The New York Times

Union Plans More Strikes Against British Airways

The union, Unite, voted for another 20 days of strikes to protest the carrier’s cost-cutting plans. Read more..

By NICOLA CLARK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.32 22.86 22.10 22.28 103M
General Electric GE 17.85 18.34 17.82 18.00 83.5M
Microsoft MSFT 28.68 29.65 28.57 28.88 63.8M
Pfizer PFE 16.85 17.19 16.80 17.01 54M
Cisco Systems CSCO 26.06 26.77 25.82 25.96 53.7M
JPMorgan Chase JPM 41.46 42.55 41.15 41.55 50.8M
Wells Fargo & Co. WFC 32.51 33.67 32.42 32.91 47.9M
Comcast CMCSA 17.90 18.59 17.65 18.08 42.3M
AT&T Inc. T 25.50 25.81 25.34 25.64 32.4M
Apple AAPL 251.84 259.89 250.50 256.52 30.3M
ExxonMobil XOM 64.62 65.00 64.23 64.46 29.8M
Oracle Corp. ORCL 24.25 24.61 24.11 24.19 29.5M
Home Depot HD 35.13 35.96 35.07 35.63 26.6M
Verizon Communications VZ 28.46 28.65 28.25 28.40 24.8M
Merck MRK 33.35 34.11 33.03 33.51 24.6M
Walt Disney & Co. DIS 35.52 36.25 35.14 35.76 19.9M
Wal-Mart Stores WMT 52.35 52.77 52.17 52.46 19.6M
Altria MO 21.48 21.74 21.37 21.59 18.1M
Abbott Laboratories ABT 49.38 49.73 49.24 49.40 17.9M
HP Inc. HPQ 48.58 49.47 48.22 48.42 17.3M
ConocoPhillips COP 56.07 58.41 56.00 57.28 17M
Bristol-Myers Squibb BMY 24.03 24.71 24.02 24.37 15.5M
Gilead Sciences GILD 38.93 40.26 38.73 39.26 15.4M
Procter & Gamble PG 62.04 62.97 61.98 62.37 12.4M
Chevron CVX 79.64 80.75 79.49 79.70 12M
Visa V 85.99 85.99 85.99 85.99 11.8M
Schlumberger SLB 66.03 67.89 65.96 66.84 11.7M
Coca-Cola KO 53.62 54.07 53.50 53.61 11.6M
Johnson & Johnson JNJ 64.23 65.09 64.18 64.67 10.9M
UnitedHealth Group UNH 29.81 30.08 29.55 29.85 9.61M
Pepsico PEP 66.16 67.00 66.02 66.55 7.24M
McDonald's MCD 70.17 71.10 70.13 70.48 6.71M
Alphabet GOOGL 515.67 519.88 508.22 509.05 6.64M
Boeing BA 70.31 72.67 70.14 71.42 6.55M
International Business Machines IBM 125.21 128.42 125.15 126.89 6.5M
Amazon AMZN 129.95 133.08 128.47 130.46 6.04M
United Technologies UTX 72.34 74.25 72.33 72.70 5.97M
Amgen AMGN 55.29 56.74 55.00 55.93 5.91M
Berkshire Hathaway BRK.B 77.43 78.80 76.86 77.61 4.92M
3M MMM 85.18 85.97 84.87 85.04 4.76M
Union Pacific UNP 74.02 75.73 74.02 74.79 3.84M
Exchange Rates of May 11, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 92.670 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.020 CAD 1 CAD = 0.980 USD
US Dollar Swiss Franc 1 USD = 1.112 CHF 1 CHF = 0.899 USD
US Dollar Chinese Yuan 1 USD = 6.829 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 117.050 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.846 GBP 1 GBP = 1.182 EUR
Euro Australian Dollar 1 EUR = 1.412 AUD 1 AUD = 0.708 EUR
Euro Canadian Dollar 1 EUR = 1.289 CAD 1 CAD = 0.776 EUR
Euro Swiss Franc 1 EUR = 1.405 CHF 1 CHF = 0.712 EUR
Euro Chinese Yuan 1 EUR = 8.634 CNY 1 CNY = 0.116 EUR
Japanese Yen Pound Sterling 1 JPY = 0.723 GBP 1 GBP = 1.384 JPY
Japanese Yen Australian Dollar 1 JPY = 1.206 AUD 1 AUD = 0.830 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.100 CAD 1 CAD = 0.909 JPY
Japanese Yen Swiss Franc 1 JPY = 1.200 CHF 1 CHF = 0.833 JPY
Pound Sterling Australian Dollar 1 GBP = 1.668 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.523 CAD 1 CAD = 0.657 GBP
Pound Sterling Swiss Franc 1 GBP = 1.660 CHF 1 CHF = 0.602 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.186 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.913 CAD 1 CAD = 1.096 AUD
Australian Dollar Swiss Franc 1 AUD = 0.995 CHF 1 CHF = 1.005 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.113 CNY 1 CNY = 0.164 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.090 CHF 1 CHF = 0.917 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.697 CNY 1 CNY = 0.149 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.142 CNY 1 CNY = 0.163 CHF

See what else happened on May 11, 2010