Financial news on June 12, 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 Scribd.com

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

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 14.57 15.07 14.51 14.76 74.2M
General Electric GE 13.45 13.52 13.29 13.51 57.4M
Microsoft MSFT 22.90 23.38 22.74 23.33 51M
Wells Fargo & Co. WFC 24.92 25.50 24.78 25.48 49M
Intel INTC 16.24 16.31 16.02 16.31 47.6M
Cisco Systems CSCO 19.93 20.00 19.63 19.91 41.4M
JPMorgan Chase JPM 34.86 35.44 34.80 35.13 41.2M
Merck MRK 26.12 27.07 25.68 26.08 29.8M
AT&T Inc. T 24.65 25.05 24.59 25.01 27M
ConocoPhillips COP 44.96 44.99 43.77 44.37 26.9M
Verizon Communications VZ 29.69 30.06 29.61 29.92 24.4M
Oracle Corp. ORCL 20.85 21.00 19.47 20.85 23.2M
ExxonMobil XOM 73.43 74.16 73.10 73.78 21.7M
Abbott Laboratories ABT 44.47 46.00 44.47 45.42 21.4M
Visa V 66.89 67.20 64.31 64.36 20.2M
Apple AAPL 138.81 139.10 136.04 136.97 20.1M
Altria MO 16.80 16.89 16.52 16.64 19.5M
Home Depot HD 24.19 24.24 23.83 24.15 18.3M
Comcast CMCSA 14.35 14.40 14.04 14.35 17.1M
Wal-Mart Stores WMT 49.35 49.86 49.21 49.84 15.3M
UnitedHealth Group UNH 23.80 24.43 23.48 24.21 15.1M
Chevron CVX 71.19 72.75 70.69 72.67 13.9M
HP Inc. HPQ 37.13 37.80 37.05 37.76 13.5M
Johnson & Johnson JNJ 55.88 56.54 55.72 56.06 11.9M
Schlumberger SLB 60.96 61.19 59.21 60.27 11M
Bristol-Myers Squibb BMY 19.90 20.00 19.67 19.81 10.7M
Procter & Gamble PG 51.88 52.77 51.73 52.55 10.4M
Gilead Sciences GILD 44.00 45.22 43.93 44.94 9.79M
Coca-Cola KO 48.68 49.04 48.48 48.89 8.62M
Walt Disney & Co. DIS 25.03 25.39 24.52 25.06 7.33M
International Business Machines IBM 108.40 109.28 107.75 108.21 7.25M
McDonald's MCD 57.72 58.48 57.50 58.36 7.06M
Amgen AMGN 49.61 50.70 49.34 50.40 6.8M
Amazon AMZN 85.03 85.20 82.01 84.08 6.22M
Pepsico PEP 52.85 53.85 52.60 53.65 5.96M
Alphabet GOOGL 426.86 427.70 421.21 424.84 5.83M
Boeing BA 50.76 51.56 50.11 51.44 5.48M
Union Pacific UNP 52.78 54.41 52.66 54.36 3.95M
United Technologies UTX 55.34 55.97 54.77 55.84 3.61M
3M MMM 60.37 61.00 59.91 61.00 3.23M
Berkshire Hathaway BRK.B 2959.00 2995.00 2941.00 2973.50 30K
Exchange Rates of June 12, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 98.370 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.121 CAD 1 CAD = 0.892 USD
US Dollar Swiss Franc 1 USD = 1.079 CHF 1 CHF = 0.927 USD
US Dollar Chinese Yuan 1 USD = 6.836 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 137.830 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.852 GBP 1 GBP = 1.174 EUR
Euro Australian Dollar 1 EUR = 1.721 AUD 1 AUD = 0.581 EUR
Euro Canadian Dollar 1 EUR = 1.567 CAD 1 CAD = 0.638 EUR
Euro Swiss Franc 1 EUR = 1.512 CHF 1 CHF = 0.661 EUR
Euro Chinese Yuan 1 EUR = 9.579 CNY 1 CNY = 0.104 EUR
Japanese Yen Pound Sterling 1 JPY = 0.618 GBP 1 GBP = 1.619 JPY
Japanese Yen Australian Dollar 1 JPY = 1.250 AUD 1 AUD = 0.800 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.136 CAD 1 CAD = 0.880 JPY
Japanese Yen Swiss Franc 1 JPY = 1.096 CHF 1 CHF = 0.912 JPY
Pound Sterling Australian Dollar 1 GBP = 2.021 AUD 1 AUD = 0.495 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.844 CAD 1 CAD = 0.542 GBP
Pound Sterling Swiss Franc 1 GBP = 1.775 CHF 1 CHF = 0.563 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.234 CNY 1 CNY = 0.089 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.912 CAD 1 CAD = 1.097 AUD
Australian Dollar Swiss Franc 1 AUD = 0.878 CHF 1 CHF = 1.139 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.556 CNY 1 CNY = 0.180 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.964 CHF 1 CHF = 1.037 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.098 CNY 1 CNY = 0.164 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.333 CNY 1 CNY = 0.158 CHF

See what else happened on June 12, 2009