Financial news on May 19th, 2010

Business and Financial news
A Social Network With Training Wheels

Togetherville, a social networking site intended for use by children between the ages of six and 10 and their parents, aims to keep children safe from cyberbullying and other online dangers while allowing them to become comfortable with online interaction. Read more..

By DEALBOOK - The New York Times

For Baltimore, Arts District Offers Hope

Baltimore hopes to recreate the success of other cities by turning the area near Camden Yards into an arts district. Read more..

By FRED A. BERNSTEIN - The New York Times

Movie Time at the C.F.T.C. Draws Heated Debate

Hollywood clashed with Wall Street at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures. Read more..

By CYRUS SANATI - The New York Times

Should Entrepreneurs Look Abroad for the Big Deal?

Given that Cisco Systems, Microsoft and Google have tens of billions of dollars trapped outside the United States, young techies should consider basing or at least incorporating their new technology businesses overseas, Reuters Breakingviews suggests. Read more..

By DEALBOOK - The New York Times

Symantec Confirms $1.3 Billion Deal for VeriSign Unit

Symantec announced that it had agreed to buy VeriSign’s authentication services business, which encrypts online payments, for $1.28 billion in cash. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Symantec Nears Deal for VeriSign’s Security Unit

Symantec is near a deal to buy VeriSign’s authentication services unit for $1.3 billion, people briefed on the matter told DealBook on Tuesday Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Toyota Pays Its $16.4 Million Fine Over Pedals

Toyota’s failure to make timely disclosure of vehicle problems resulted in the largest fine of an automaker by the United States. Read more..


Traders Predict Chaos After Short-Selling Ban

Financial chaos is about to hit the world’s second-largest government bond market, traders were saying as they responded to the German ban Tuesday, The Telegraph reported. Read more..

By DEALBOOK - The New York Times

Twitter Expects Hundreds of Advertisers

Twitter, the rapidly expanding microblogging service, planned to have hundreds of advertisers using its new ad system in the fourth quarter as the company ramps up plans to become a self-sustaining, profitable business, Reuters reported. Read more..

By DEALBOOK - The New York Times

U.S. Stocks Fall Amid New Concern About Europe

Stocks on Wall Street fell on Tuesday and the euro retreated to a new low, in part after Germany moved to impose tighter regulation of financial markets. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.0717.3816.7517.26135M
Wells Fargo & Co.WFC29.9530.2829.0930.0872.5M
JPMorgan ChaseJPM38.5439.6638.5239.3864.6M
Cisco SystemsCSCO24.2324.5223.9724.2662.4M
HP Inc.HPQ47.9148.1546.3447.0032.3M
AT&T Inc.T25.5325.7125.3025.5730.8M
Oracle Corp.ORCL23.2223.5023.0223.1929.8M
Home DepotHD34.3834.5733.6534.3827.2M
Verizon CommunicationsVZ28.3128.6228.2928.5125.5M
Wal-Mart StoresWMT53.5353.7652.7953.0420.4M
Abbott LaboratoriesABT47.8748.3547.8147.9419.1M
Johnson & JohnsonJNJ62.6962.9662.0562.2218.9M
Walt Disney & Co.DIS33.4733.8033.0933.3918.5M
Gilead SciencesGILD38.4039.4438.1039.0017.4M
Bristol-Myers SquibbBMY23.4623.8523.3123.7116.4M
Procter & GamblePG63.1063.6062.8163.2215.9M
UnitedHealth GroupUNH30.1130.2529.7529.9910.1M
International Business MachinesIBM129.37130.50127.82128.868.67M
United TechnologiesUTX70.1670.7568.6669.358.5M
Union PacificUNP72.5473.5770.2271.585.6M
Berkshire HathawayBRK.B75.0576.3074.2675.834.68M
Exchange Rates of May 19th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.800 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.042 CAD1 CAD = 0.959 USD
US DollarSwiss Franc1 USD = 1.151 CHF1 CHF = 0.869 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 114.050 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.859 GBP1 GBP = 1.164 EUR
EuroAustralian Dollar1 EUR = 1.462 AUD1 AUD = 0.684 EUR
EuroCanadian Dollar1 EUR = 1.295 CAD1 CAD = 0.772 EUR
EuroSwiss Franc1 EUR = 1.430 CHF1 CHF = 0.699 EUR
EuroChinese Yuan1 EUR = 8.487 CNY1 CNY = 0.118 EUR
Japanese YenPound Sterling1 JPY = 0.753 GBP1 GBP = 1.328 JPY
Japanese YenAustralian Dollar1 JPY = 1.281 AUD1 AUD = 0.781 JPY
Japanese YenCanadian Dollar1 JPY = 1.135 CAD1 CAD = 0.881 JPY
Japanese YenSwiss Franc1 JPY = 1.253 CHF1 CHF = 0.798 JPY
Pound SterlingAustralian Dollar1 GBP = 1.701 AUD1 AUD = 0.588 GBP
Pound SterlingCanadian Dollar1 GBP = 1.507 CAD1 CAD = 0.664 GBP
Pound SterlingSwiss Franc1 GBP = 1.663 CHF1 CHF = 0.601 GBP
Pound SterlingChinese Yuan1 GBP = 9.863 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.886 CAD1 CAD = 1.129 AUD
Australian DollarSwiss Franc1 AUD = 0.978 CHF1 CHF = 1.023 AUD
Australian DollarChinese Yuan1 AUD = 5.802 CNY1 CNY = 0.172 AUD
Canadian DollarSwiss Franc1 CAD = 1.103 CHF1 CHF = 0.906 CAD
Canadian DollarChinese Yuan1 CAD = 6.554 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 5.934 CNY1 CNY = 0.169 CHF

See what else happened on May 19th, 2010