Financial news on May 12, 2010

Business and Financial news
A Trillion for Europe, With Doubts Attached

Some analysts challenged the wisdom of the rescue package’s main component, a promise of new loans to bail out European economies. Read more..

By LANDON THOMAS Jr. and JACK EWING - The New York Times

Corzine Starting Small in Bid for Redemption

After governing New Jersey and running Goldman Sachs, Jon S. Corzine is back on Wall Street building MF Global, a much smaller brokerage firm. Read more..

By DEALBOOK - The New York Times

Dean Baker on Bernanke's Renomination

Economist Dean Baker on the renomination of Federal Reserve Chairman Ben S. Bernanke. Read more..

Ben Werschkul - The New York Times

Dean Baker on TARP

Economist Dean Baker on the Fed's actions to support the Troubled Asset Relief Program. Read more..

Ben Werschkul - The New York Times

Despite Recalls, Toyota Reports $1.2 Billion Profit

Toyota had a particularly strong performance in the three months through March, despite recalls of models with safety problems. Read more..

By HIROKO TABUCHI - The New York Times

In Greek Crisis, Some See Parallels to U.S. Debt

The United States will probably not face the same kind of crisis as Greece, for all sorts of reasons. But the basic problem is the same. Both countries have a bigger government than they’re paying for. Read more..

By DEALBOOK - The New York Times

In Turbulent Times, Newspaper Conference Founders

The conference in Beirut would have focused on new business models to help newspapers manage the difficult transition to digital publishing. Read more..

By ERIC PFANNER - International Herald Tribune

Morgan Shares Fall After Report of New Inquiry

Shares in Morgan Stanley tumbled after The Wall Street Journal reported that federal prosecutors are looking into several mortgage-based investments the firm created. Read more..

By DEALBOOK - The New York Times

Obama Aide Sees Higher Taxes for Carried Interest

Peter R. Orszag, the White House budget director, said that he expected Congress to change the tax treatment of “carried interest” income at investment firms and that the impact of higher tax bills would not be as dire as some have suggested. Read more..

By CYRUS SANATI - The New York Times

Terra Firma Is Expected to Avoid a Debt Default

The music company EMI has been struggling under the weight of large debt payments and shrinking sales of CDs. Read more..

By JOSEPH PLAMBECK and MICHAEL J. de la MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22,60 23,14 22,49 23,09 83.3M
General Electric GE 18,09 18,50 18,07 18,44 67.9M
Cisco Systems CSCO 26,22 26,80 26,19 26,74 66.2M
Pfizer PFE 16,98 17,09 16,72 16,90 53.5M
JPMorgan Chase JPM 41,74 41,79 40,81 41,69 47.7M
Microsoft MSFT 28,98 29,58 28,92 29,44 47.1M
Comcast CMCSA 18,04 18,34 17,94 18,18 47M
Wells Fargo & Co. WFC 33,18 33,81 33,06 33,66 39.6M
AT&T Inc. T 25,73 25,89 25,56 25,82 29.3M
Oracle Corp. ORCL 24,21 24,70 24,19 24,60 27.1M
Walt Disney & Co. DIS 34,98 36,21 34,82 35,13 25.5M
ExxonMobil XOM 64,64 65,34 64,50 64,91 25.4M
Apple AAPL 259,25 263,13 258,70 262,09 23.4M
Verizon Communications VZ 28,55 28,78 28,45 28,70 20.7M
Home Depot HD 35,67 35,94 35,38 35,89 19.1M
Merck MRK 33,97 34,04 33,43 33,64 19.1M
Abbott Laboratories ABT 49,57 49,59 48,89 49,15 18.4M
HP Inc. HPQ 48,69 49,86 48,62 49,56 17.7M
International Business Machines IBM 127,16 132,85 127,01 132,68 16.6M
Altria MO 21,76 21,77 21,48 21,67 15.7M
Gilead Sciences GILD 39,59 40,22 39,35 40,15 13.7M
Wal-Mart Stores WMT 52,50 52,56 52,13 52,48 13.6M
Pepsico PEP 67,24 67,61 66,81 66,94 13.2M
ConocoPhillips COP 57,20 57,96 57,01 57,68 12.7M
Coca-Cola KO 53,80 54,10 53,42 54,02 12M
Schlumberger SLB 67,31 67,65 65,61 66,65 11.6M
UnitedHealth Group UNH 29,85 30,38 29,79 30,32 11.3M
Johnson & Johnson JNJ 64,85 65,05 64,49 64,90 11M
Procter & Gamble PG 62,11 63,13 62,10 63,02 11M
Bristol-Myers Squibb BMY 24,46 24,50 24,19 24,44 10.1M
Visa V 85,04 87,55 84,75 85,68 9.28M
Chevron CVX 79,77 80,46 79,36 80,06 9.26M
Alphabet GOOGL 512,04 512,04 502,00 505,39 7.7M
Boeing BA 72,04 73,37 72,04 72,87 6.33M
Amazon AMZN 131,41 134,13 129,68 133,87 5.9M
McDonald's MCD 70,73 70,94 70,15 70,67 5.66M
Amgen AMGN 55,92 56,84 55,52 56,60 5.45M
United Technologies UTX 73,05 73,43 72,58 73,15 5.07M
Berkshire Hathaway BRK.B 77,69 78,55 77,21 78,00 3.61M
3M MMM 85,39 86,62 85,21 86,44 3.43M
Union Pacific UNP 75,32 77,03 74,96 76,72 3.31M
Exchange Rates of May 12, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93,250 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,019 CAD 1 CAD = 0,981 USD
US Dollar Swiss Franc 1 USD = 1,111 CHF 1 CHF = 0,900 USD
US Dollar Chinese Yuan 1 USD = 6,828 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 117,780 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,852 GBP 1 GBP = 1,174 EUR
Euro Australian Dollar 1 EUR = 1,411 AUD 1 AUD = 0,709 EUR
Euro Canadian Dollar 1 EUR = 1,287 CAD 1 CAD = 0,777 EUR
Euro Swiss Franc 1 EUR = 1,402 CHF 1 CHF = 0,713 EUR
Euro Chinese Yuan 1 EUR = 8,620 CNY 1 CNY = 0,116 EUR
Japanese Yen Pound Sterling 1 JPY = 0,723 GBP 1 GBP = 1,383 JPY
Japanese Yen Australian Dollar 1 JPY = 1,198 AUD 1 AUD = 0,835 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,092 CAD 1 CAD = 0,915 JPY
Japanese Yen Swiss Franc 1 JPY = 1,191 CHF 1 CHF = 0,840 JPY
Pound Sterling Australian Dollar 1 GBP = 1,656 AUD 1 AUD = 0,604 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,511 CAD 1 CAD = 0,662 GBP
Pound Sterling Swiss Franc 1 GBP = 1,647 CHF 1 CHF = 0,607 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,113 CNY 1 CNY = 0,099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,912 CAD 1 CAD = 1,096 AUD
Australian Dollar Swiss Franc 1 AUD = 0,993 CHF 1 CHF = 1,007 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,105 CNY 1 CNY = 0,164 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,090 CHF 1 CHF = 0,918 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,700 CNY 1 CNY = 0,149 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,147 CNY 1 CNY = 0,163 CHF

See what else happened on May 12, 2010