Financial news on June 12th, 2009

Business and Financial news
As Wind Power Grows, a Push to Tear Down Dams

The rise of wind farms in the Pacific Northwest is seen by some as an opportunity to help save the wild salmon, by removing dams that have impeded their spawning. Read more..

By KATE GALBRAITH - The New York Times

Auto Dealers at Risk Turn to Washington

Owners of the Chrysler and General Motors outlets that are being cut are appealing to lawmakers, whose role in the auto bailout gives them leverage over carmakers. Read more..

By CARL HULSE and BERNIE BECKER - The New York Times

Bank Chief Tells of U.S. Pressure to Buy Merrill Lynch

Kenneth Lewis of Bank of America told a Congressional panel that he had considered pulling out of the deal but that regulators had pressured him to complete it. Read more..

By LOUISE STORY and JO BECKER - The New York Times

Debt Fear Eases, and Shares Take a Ride

Investors showed strong demand for government debt by flocking to the sale of $11 billion in Treasury bonds, which helped the markets gain. Read more..

By JACK HEALY - The New York Times

Equity Firm Pays $30 Million in Pension Fund Case

Attorney General Andrew M. Cuomo announced that Riverstone Holdings had agreed to a settlement in a pay-to-play scandal at New York’s pension fund. Read more..

By LESLIE WAYNE - The New York Times

Europe Lags as U.S. Economy Shows Signs of Recovery

The diverging fortunes of the U.S. and Europe show the perils and upsides of the recovery plans of each. Read more..

By NELSON D. SCHWARTZ - The New York Times

Exxon Joins Plan to Build Natural Gas Pipeline From Alaska

The oil company’s participation bolsters a plan by the Canadian pipeline operator TransCanada and deals a blow to a rival project from BP and ConocoPhillips. Read more..

By JAD MOUAWAD - The New York Times

Gas Prices Rose in May, and So Did Retail Sales

Retail sales increased 0.5 percent, the government says, as consumers spent more for gasoline, cars, groceries and clothing. Read more..

By JACK HEALY - The New York Times

Libeskind Designs a Prefab Home

The architect Daniel Libeskind is moving into residential design in an unusual way, designing a prefabricated house. Read more..

By KEVIN BRASS - International Herald Tribune

Simon & Schuster to Sell Digital Books on

The publisher said it would make about 5,000 titles available for purchase as the book industry sought alternatives to Amazon’s Kindle store. Read more..

By BRAD STONE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE13,4513,5213,2913,5157.4M
Wells Fargo & Co.WFC24,9225,5024,7825,4849M
Cisco SystemsCSCO19,9320,0019,6319,9141.4M
JPMorgan ChaseJPM34,8635,4434,8035,1341.2M
AT&T Inc.T24,6525,0524,5925,0127M
Verizon CommunicationsVZ29,6930,0629,6129,9224.4M
Oracle Corp.ORCL20,8521,0019,4720,8523.2M
Abbott LaboratoriesABT44,4746,0044,4745,4221.4M
Home DepotHD24,1924,2423,8324,1518.3M
Wal-Mart StoresWMT49,3549,8649,2149,8415.3M
UnitedHealth GroupUNH23,8024,4323,4824,2115.1M
HP Inc.HPQ37,1337,8037,0537,7613.5M
Johnson & JohnsonJNJ55,8856,5455,7256,0611.9M
Bristol-Myers SquibbBMY19,9020,0019,6719,8110.7M
Procter & GamblePG51,8852,7751,7352,5510.4M
Gilead SciencesGILD44,0045,2243,9344,949.79M
Walt Disney & Co.DIS25,0325,3924,5225,067.33M
International Business MachinesIBM108,40109,28107,75108,217.25M
Union PacificUNP52,7854,4152,6654,363.95M
United TechnologiesUTX55,3455,9754,7755,843.61M
Berkshire HathawayBRK.B2959,002995,002941,002973,5030K
Exchange Rates of June 12th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98,370 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,121 CAD1 CAD = 0,892 USD
US DollarSwiss Franc1 USD = 1,079 CHF1 CHF = 0,927 USD
US DollarChinese Yuan1 USD = 6,836 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 137,830 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,852 GBP1 GBP = 1,174 EUR
EuroAustralian Dollar1 EUR = 1,721 AUD1 AUD = 0,581 EUR
EuroCanadian Dollar1 EUR = 1,567 CAD1 CAD = 0,638 EUR
EuroSwiss Franc1 EUR = 1,512 CHF1 CHF = 0,661 EUR
EuroChinese Yuan1 EUR = 9,579 CNY1 CNY = 0,104 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 = 1,136 CAD1 CAD = 0,880 JPY
Japanese YenSwiss Franc1 JPY = 1,096 CHF1 CHF = 0,912 JPY
Pound SterlingAustralian Dollar1 GBP = 2,021 AUD1 AUD = 0,495 GBP
Pound SterlingCanadian Dollar1 GBP = 1,844 CAD1 CAD = 0,542 GBP
Pound SterlingSwiss Franc1 GBP = 1,775 CHF1 CHF = 0,563 GBP
Pound SterlingChinese Yuan1 GBP = 11,234 CNY1 CNY = 0,089 GBP
Australian DollarCanadian Dollar1 AUD = 0,912 CAD1 CAD = 1,097 AUD
Australian DollarSwiss Franc1 AUD = 0,878 CHF1 CHF = 1,139 AUD
Australian DollarChinese Yuan1 AUD = 5,556 CNY1 CNY = 0,180 AUD
Canadian DollarSwiss Franc1 CAD = 0,964 CHF1 CHF = 1,037 CAD
Canadian DollarChinese Yuan1 CAD = 6,098 CNY1 CNY = 0,164 CAD
Swiss FrancChinese Yuan1 CHF = 6,333 CNY1 CNY = 0,158 CHF

See what else happened on June 12th, 2009