Financial news on May 19th, 2009

Business and Financial news
Credit Card Industry Aims to Profit From Sterling Payers

With Congress on the verge of limiting penalties on delinquent borrowers, credit card companies are expected to turn to their best customers to make up the difference. Read more..

By ANDREW MARTIN - The New York Times

Efforts to Repay Bailouts May Undercut Benefit for Taxpayers

The price that the government accepts for warrants to buy bank stock could determine whether taxpayers make a profit or a loss. Read more..

By ERIC DASH - The New York Times

Feuding at the Central Bank

The bank has started to buy assets in an attempt to help revive the economy, but its leaders cannot agree on how far to go and when to stop. Read more..

By PAUL TAYLOR - The New York Times

Ford Rejects Big Cuts in Dealer Network

Ford said it has made reductions in the number of dealers, but fewer than those announced by G.M. and Chrysler. Read more..

By BILL VLASIC - The New York Times

Guide to New Credit Card Rules

New York Times columnist Ron Lieber finds that there is some cause for concern in the sweeping credit card legislation that passed the Senate on Tuesday. Read more..

Eric Owles - The New York Times

Justices to Hear Conrad Black Appeal

Conrad Black will try to persuade the Supreme Court to overturn his fraud conviction regarding Hollinger International. Read more..

By THE NEW YORK TIMES - The New York Times

Passengers’ Advocates See Progress

Legislation in Congress calls on airlines to provide certain services for passengers stuck on the runway, but battles continue over whether to permit them to get off the plane while they wait. Read more..

By SUSAN STELLIN - The New York Times

Seeking a Missing Link, and a Mass Audience

A media pile-on will announce a 47-million-year-old primate. Read more..

By TIM ARANGO - The New York Times

The Race to Harness Hydrates

Estimates of global natural gas hydrates remain vague, but one U.S. government estimate says that the energy from hydrates could exceed that of all other known fossil fuels. Read more..

By YASMINE RYAN - International Herald Tribune

The Race to Provide Wi-Fi at 30,000 Feet

Airlines are spending about $100,000 a plane to install the Wi-Fi equipment, and will in turn charge passengers to use the service. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC27,0227,0825,4025,4096.8M
General ElectricGE13,6413,9613,4913,7092.1M
JPMorgan ChaseJPM37,3037,6835,7735,8159.9M
Cisco SystemsCSCO18,7119,3518,6418,8853.8M
Home DepotHD25,3925,4024,0024,6339.9M
HP Inc.HPQ35,9736,9835,6136,5826.1M
AT&T Inc.T24,7524,8424,6324,6724.9M
Oracle Corp.ORCL18,7919,2118,7718,9723.4M
Abbott LaboratoriesABT43,2443,5542,7542,8816.6M
Procter & GamblePG52,5753,5152,2752,9515.2M
Wal-Mart StoresWMT49,9250,0049,3549,3614.6M
Johnson & JohnsonJNJ56,2156,2155,7055,8913.4M
Verizon CommunicationsVZ29,7929,8729,5329,6512M
Walt Disney & Co.DIS24,2524,4023,7523,8211.9M
Gilead SciencesGILD43,1543,1842,1042,6910M
Bristol-Myers SquibbBMY20,4020,6020,2620,369.81M
International Business MachinesIBM104,33106,12104,00105,517.08M
UnitedHealth GroupUNH27,7128,2127,2527,466.93M
United TechnologiesUTX52,8453,1752,2152,305.57M
Union PacificUNP48,6849,4947,9748,173.57M
Berkshire HathawayBRK.B2933,003012,002933,003000,0031K
Exchange Rates of May 19th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96,020 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,156 CAD1 CAD = 0,865 USD
US DollarSwiss Franc1 USD = 1,109 CHF1 CHF = 0,901 USD
US DollarChinese Yuan1 USD = 6,825 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 130,850 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,881 GBP1 GBP = 1,136 EUR
EuroAustralian Dollar1 EUR = 1,761 AUD1 AUD = 0,568 EUR
EuroCanadian Dollar1 EUR = 1,575 CAD1 CAD = 0,635 EUR
EuroSwiss Franc1 EUR = 1,512 CHF1 CHF = 0,662 EUR
EuroChinese Yuan1 EUR = 9,315 CNY1 CNY = 0,107 EUR
Japanese YenPound Sterling1 JPY = 0,673 GBP1 GBP = 1,486 JPY
Japanese YenAustralian Dollar1 JPY = 1,346 AUD1 AUD = 0,743 JPY
Japanese YenCanadian Dollar1 JPY = 1,203 CAD1 CAD = 0,831 JPY
Japanese YenSwiss Franc1 JPY = 1,155 CHF1 CHF = 0,866 JPY
Pound SterlingAustralian Dollar1 GBP = 2,000 AUD1 AUD = 0,500 GBP
Pound SterlingCanadian Dollar1 GBP = 1,789 CAD1 CAD = 0,559 GBP
Pound SterlingSwiss Franc1 GBP = 1,716 CHF1 CHF = 0,583 GBP
Pound SterlingChinese Yuan1 GBP = 10,565 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,894 CAD1 CAD = 1,119 AUD
Australian DollarSwiss Franc1 AUD = 0,858 CHF1 CHF = 1,166 AUD
Australian DollarChinese Yuan1 AUD = 5,294 CNY1 CNY = 0,189 AUD
Canadian DollarSwiss Franc1 CAD = 0,959 CHF1 CHF = 1,042 CAD
Canadian DollarChinese Yuan1 CAD = 5,908 CNY1 CNY = 0,169 CAD
Swiss FrancChinese Yuan1 CHF = 6,159 CNY1 CNY = 0,162 CHF

See what else happened on May 19th, 2009