Financial news on May 20th, 2009

Business and Financial news
Chrysler Revamp Plan Could Block Lawsuits From Current Vehicle Owners

The proposed bankruptcy plan would honor existing new-car warranties, but makes no promise it will be responsible for suits brought by owners of vehicles sold before the bankruptcy filing. Read more..


Crisis Underscores Need to Save for a Rainy Day

Advice on savings from a wealth management executive. Read more..

By BARBARA WALL - International Herald Tribune

Drop in Building of Apartments Drags Down Housing Starts

Housing construction hit a record low in April as a drop in apartment-building offset a rebound in single-family construction, the government reported. Read more..

By JACK HEALY - The New York Times

Fuld Resigns as Lehman’s Chairman

Richard S. Fuld Jr., the former chief executive of Lehman Brothers, submitted his resignation as chairman on May 14, almost eight months to the day since the securities firm filed for bankruptcy, according to a filing with the Securities and Exchange Commission on Wednesday. Read more..

By DEALBOOK - The New York Times

In Japan, Secure Jobs Have a Cost

Some are questioning the system, bolstered by government subsidies, that keeps otherwise idle workers occupied. Read more..

By HIROKO TABUCHI - The New York Times

In U.S., Steps Toward Industrial Policy in Autos

Recent steps by the administration to address the problems in Detroit point to a policy approach used in Japan that had been shunned by the United States. Read more..

By STEVE LOHR - The New York Times

Shareholders Reject Pay Package for Shell Executives

Shareholders of Royal Dutch Shell protested against bonuses for its senior executives by voting against such compensation in a nonbinding resolution. Read more..

By JULIA WERDIGIER - The New York Times

Sodas a Tempting Tax Target

The possibility of a tax on sugary beverages is more plausible, now that an avid proponent has been appointed to a top public health position. Read more..

By DAVID LEONHARDT - The New York Times

Staging a Financial Recovery

The need to set aside money for a rainy day, or a rainy retirement, can hardly be more apparent. What is less clear is how to go about it in such a testing environment. Read more..

By CONRAD DE AENLLE - International Herald Tribune

Study Says Antiunion Tactics Are Becoming More Common

A new study by a Cornell professor says employers make it difficult for workers to unionize. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25.8626.1524.2824.46123M
General ElectricGE14.0314.3813.7413.77114M
JPMorgan ChaseJPM36.6136.7634.2634.5577.1M
Cisco SystemsCSCO19.0219.0618.4618.6049M
HP Inc.HPQ35.2435.5034.4334.6747.5M
AT&T Inc.T24.8624.8624.0924.1337.9M
Home DepotHD24.8525.0023.5623.8331.5M
Oracle Corp.ORCL19.0819.4018.8818.9429.1M
Abbott LaboratoriesABT43.2343.8143.0043.0820.8M
Wal-Mart StoresWMT49.7650.3048.8548.9420.2M
Verizon CommunicationsVZ29.8230.1729.7629.8319.5M
Procter & GamblePG53.7454.7753.5654.0216M
Johnson & JohnsonJNJ56.2256.4855.8055.8713.7M
Walt Disney & Co.DIS24.0024.2823.4123.5510.5M
UnitedHealth GroupUNH27.6828.3827.1327.789.4M
Gilead SciencesGILD43.0143.1942.0742.329.03M
Bristol-Myers SquibbBMY20.5420.7520.4220.548.93M
International Business MachinesIBM105.51105.98103.81104.057.08M
United TechnologiesUTX52.6952.8951.5951.746.13M
Union PacificUNP48.6450.4048.3048.504.82M
Berkshire HathawayBRK.B3059.003059.002980.002980.0026.7K
Exchange Rates of May 20th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.840 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.137 CAD1 CAD = 0.879 USD
US DollarSwiss Franc1 USD = 1.099 CHF1 CHF = 0.910 USD
US DollarChinese Yuan1 USD = 6.826 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 130.970 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.875 GBP1 GBP = 1.143 EUR
EuroAustralian Dollar1 EUR = 1.772 AUD1 AUD = 0.564 EUR
EuroCanadian Dollar1 EUR = 1.571 CAD1 CAD = 0.637 EUR
EuroSwiss Franc1 EUR = 1.517 CHF1 CHF = 0.659 EUR
EuroChinese Yuan1 EUR = 9.425 CNY1 CNY = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.670 GBP1 GBP = 1.493 JPY
Japanese YenAustralian Dollar1 JPY = 1.362 AUD1 AUD = 0.734 JPY
Japanese YenCanadian Dollar1 JPY = 1.204 CAD1 CAD = 0.831 JPY
Japanese YenSwiss Franc1 JPY = 1.161 CHF1 CHF = 0.861 JPY
Pound SterlingAustralian Dollar1 GBP = 2.025 AUD1 AUD = 0.494 GBP
Pound SterlingCanadian Dollar1 GBP = 1.795 CAD1 CAD = 0.557 GBP
Pound SterlingSwiss Franc1 GBP = 1.734 CHF1 CHF = 0.577 GBP
Australian DollarCanadian Dollar1 AUD = 0.886 CAD1 CAD = 1.128 AUD
Australian DollarSwiss Franc1 AUD = 0.856 CHF1 CHF = 1.169 AUD
Australian DollarChinese Yuan1 AUD = 5.296 CNY1 CNY = 0.189 AUD
Canadian DollarSwiss Franc1 CAD = 0.966 CHF1 CHF = 1.036 CAD
Canadian DollarChinese Yuan1 CAD = 5.932 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.176 CNY1 CNY = 0.162 CHF

See what else happened on May 20th, 2009