Financial news on May 12, 2008

Business and Financial news
Citi’s New Slogan Is Said to Be Second Choice

Replacing a tagline that fizzled last year, Citigroup’s new slogan, “Citi Never sleeps”, had previously been scratched. Read more..

By ERIC DASH - The New York Times

Drug Promises to Restore Sensation After Dental Visit

A small drug company said it won approval Friday from the Food and Drug Administration to market the first drug meant to undo the effects of local dental anesthesia. Read more..

By ANDREW POLLACK - The New York Times

Subtly but Visibly Swayed by Context

A study published recently in The Journal of Marketing Research looks at how subtle cues in our environments affect our product choices. Read more..

By ALEX MINDLIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT29.3530.0629.3529.9964.3M
HP Inc.HPQ49.3949.9745.8546.8340.2M
Cisco SystemsCSCO25.4825.8725.4025.8438.1M
VisaV83.7384.4878.1081.9036.9M
PfizerPFE19.8619.9719.7819.9136.2M
IntelINTC23.4023.7123.2023.6434.4M
General ElectricGE32.3332.5332.2032.4030.7M
AppleAAPL185.12188.87182.85188.1629.2M
Oracle Corp.ORCL21.1221.6321.0821.5124.8M
ExxonMobilXOM88.4389.4787.6089.1923.1M
Bristol-Myers SquibbBMY21.9022.0021.5521.6320.6M
JPMorgan ChaseJPM46.8247.2946.5147.2420.3M
Wal-Mart StoresWMT57.6958.3757.6458.0218.2M
Abbott LaboratoriesABT52.2652.8951.9752.7816.8M
AltriaMO20.9521.6220.9021.5815.4M
ComcastCMCSA21.7122.1021.6222.0415.1M
AT&T Inc.T38.6139.2638.5539.1114.9M
Wells Fargo & Co.WFC29.5029.9029.3929.7613.5M
ConocoPhillipsCOP88.4888.8187.6388.5912.4M
Home DepotHD28.0128.7128.0128.6412.3M
Procter & GamblePG65.4365.7565.0065.3511.2M
MerckMRK39.0139.7038.9839.6210.3M
AlphabetGOOGL574.75586.75568.91584.949.72M
Verizon CommunicationsVZ38.0238.1337.6438.069.45M
ChevronCVX97.2097.5996.4697.369.37M
Walt Disney & Co.DIS34.1534.8034.0434.779.18M
International Business MachinesIBM123.80125.99123.56125.248.67M
Coca-ColaKO56.1856.4656.0056.408.62M
Johnson & JohnsonJNJ66.5966.8966.3066.717.71M
AmazonAMZN73.1074.9371.7874.537.22M
SchlumbergerSLB104.44104.44101.65103.457.14M
McDonald'sMCD59.3061.0459.3060.876.27M
AmgenAMGN41.9543.0541.8642.956.06M
Gilead SciencesGILD53.4154.5153.2554.485.48M
BoeingBA84.4085.0083.2884.805.37M
PepsicoPEP67.5567.7166.9667.355.12M
UnitedHealth GroupUNH32.6333.1832.5632.785.08M
3MMMM76.6777.6775.9577.673.55M
United TechnologiesUTX73.1774.5773.1374.573.33M
Union PacificUNP146.62147.92145.00147.651.28M
Berkshire HathawayBRK.B4167.004185.004087.004095.0038.9K
Exchange Rates of May 12, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 103.840 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.006 CAD1 CAD = 0.994 USD
US DollarSwiss Franc1 USD = 1.044 CHF1 CHF = 0.958 USD
US DollarChinese Yuan1 USD = 6.982 CNY1 CNY = 0.143 USD
EuroJapanese Yen1 EUR = 161.390 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.794 GBP1 GBP = 1.259 EUR
EuroAustralian Dollar1 EUR = 1.641 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.563 CAD1 CAD = 0.640 EUR
EuroSwiss Franc1 EUR = 1.623 CHF1 CHF = 0.616 EUR
Japanese YenPound Sterling1 JPY = 0.492 GBP1 GBP = 2.033 JPY
Japanese YenAustralian Dollar1 JPY = 1.016 AUD1 AUD = 0.984 JPY
Japanese YenCanadian Dollar1 JPY = 0.968 CAD1 CAD = 1.033 JPY
Japanese YenSwiss Franc1 JPY = 1.005 CHF1 CHF = 0.995 JPY
Pound SterlingAustralian Dollar1 GBP = 2.066 AUD1 AUD = 0.484 GBP
Pound SterlingCanadian Dollar1 GBP = 1.968 CAD1 CAD = 0.508 GBP
Pound SterlingSwiss Franc1 GBP = 2.043 CHF1 CHF = 0.490 GBP
Australian DollarCanadian Dollar1 AUD = 0.952 CAD1 CAD = 1.051 AUD
Australian DollarSwiss Franc1 AUD = 0.988 CHF1 CHF = 1.012 AUD
Canadian DollarSwiss Franc1 CAD = 1.038 CHF1 CHF = 0.963 CAD

See what else happened on May 12, 2008