Financial news on May 14, 2009

Business and Financial news
Angry Ads Seek to Channel Consumer Outrage

Many advertisers are being unusually outspoken and provocative to reach consumers hit hard by the recession. Read more..

By STUART ELLIOTT - The New York Times

Expanding Files in iTunes

I just installed iTunes on a new computer. When I rip a CD, the tracks seem to take up more space on my hard drive than similar ones on my old computer. What might be causing that? Read more..

By J.D. BIERSDORFER - The New York Times

MGM Mirage to Sell $2.5 Billion in Stock and Bonds

The casino operator plans to use the money to reduce its $14 billion in debt and help it avert bankruptcy. Read more..

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

Personal Hotspots

The CradlePoint PHS300 Personal Hotspot may have been first to the battery-powered Wi-Fi racket — but it’s been lapped by the MiFi in size, price, battery life, simplicity and beauty. Read more..

By DAVID POGUE - The New York Times

Pot Pie Confidential

Reporter Michael Moss and Investigations Editor Christine Kay find that cooking a pot pie safely isn't easy or convenient. Read more..

Gabe Johnson - The New York Times

Trial Puts Spotlight on Merck

A class-action lawsuit over the strategies that Merck used to market its painkiller Vioxx in Australia is earning the American drug maker some bad publicity. Read more..

By NATASHA SINGER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24,2525,6923,8725,69123M
General ElectricGE12,7713,1812,5013,0490.2M
JPMorgan ChaseJPM34,1235,6233,8235,5468.8M
Cisco SystemsCSCO18,0718,2918,0518,0943.1M
AT&T Inc.T25,4225,4224,9024,9830.6M
Wal-Mart StoresWMT50,1050,3748,7549,1026.3M
Oracle Corp.ORCL18,2418,5818,1018,4626.2M
Abbott LaboratoriesABT45,4745,5644,6244,6320M
Home DepotHD25,0225,1624,4824,5315.8M
HP Inc.HPQ34,4135,0734,1034,9314.7M
Bristol-Myers SquibbBMY20,3720,5320,2420,4614.7M
Verizon CommunicationsVZ29,8230,2429,7129,9813.5M
Johnson & JohnsonJNJ55,3255,4054,7655,0212M
Walt Disney & Co.DIS23,6523,9723,2723,4811.9M
Procter & GamblePG51,0251,6450,7550,8011.1M
International Business MachinesIBM101,72102,71100,77101,059.45M
United TechnologiesUTX50,8052,0550,7551,516.68M
Gilead SciencesGILD44,2545,1944,0244,206.2M
UnitedHealth GroupUNH27,6728,2127,0227,806.01M
Union PacificUNP45,9347,2545,6645,904.6M
Berkshire HathawayBRK.B2852,002938,002846,002919,5027K
Exchange Rates of May 14, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95,930 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,171 CAD1 CAD = 0,854 USD
US DollarSwiss Franc1 USD = 1,104 CHF1 CHF = 0,905 USD
US DollarChinese Yuan1 USD = 6,821 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 130,790 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,896 GBP1 GBP = 1,116 EUR
EuroAustralian Dollar1 EUR = 1,796 AUD1 AUD = 0,557 EUR
EuroCanadian Dollar1 EUR = 1,597 CAD1 CAD = 0,626 EUR
EuroSwiss Franc1 EUR = 1,506 CHF1 CHF = 0,664 EUR
EuroChinese Yuan1 EUR = 9,316 CNY1 CNY = 0,107 EUR
Japanese YenPound Sterling1 JPY = 0,685 GBP1 GBP = 1,460 JPY
Japanese YenAustralian Dollar1 JPY = 1,373 AUD1 AUD = 0,729 JPY
Japanese YenCanadian Dollar1 JPY = 1,220 CAD1 CAD = 0,820 JPY
Japanese YenSwiss Franc1 JPY = 1,151 CHF1 CHF = 0,869 JPY
Pound SterlingAustralian Dollar1 GBP = 2,004 AUD1 AUD = 0,499 GBP
Pound SterlingCanadian Dollar1 GBP = 1,781 CAD1 CAD = 0,561 GBP
Pound SterlingSwiss Franc1 GBP = 1,680 CHF1 CHF = 0,595 GBP
Australian DollarCanadian Dollar1 AUD = 0,889 CAD1 CAD = 1,125 AUD
Australian DollarSwiss Franc1 AUD = 0,838 CHF1 CHF = 1,193 AUD
Australian DollarChinese Yuan1 AUD = 5,193 CNY1 CNY = 0,193 AUD
Canadian DollarSwiss Franc1 CAD = 0,943 CHF1 CHF = 1,061 CAD
Canadian DollarChinese Yuan1 CAD = 5,836 CNY1 CNY = 0,171 CAD
Swiss FrancChinese Yuan1 CHF = 6,184 CNY1 CNY = 0,162 CHF

See what else happened on May 14, 2009