Financial news on May 20, 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..

By CHRISTOPHER JENSEN - The New York Times

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..

By STEVEN GREENHOUSE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 25.86 26.15 24.28 24.46 123M
General Electric GE 14.03 14.38 13.74 13.77 114M
JPMorgan Chase JPM 36.61 36.76 34.26 34.55 77.1M
Intel INTC 15.81 16.05 15.49 15.58 60.3M
Cisco Systems CSCO 19.02 19.06 18.46 18.60 49M
HP Inc. HPQ 35.24 35.50 34.43 34.67 47.5M
Microsoft MSFT 20.41 20.69 20.22 20.38 47.5M
AT&T Inc. T 24.86 24.86 24.09 24.13 37.9M
Pfizer PFE 15.15 15.33 15.02 15.11 36M
Home Depot HD 24.85 25.00 23.56 23.83 31.5M
Oracle Corp. ORCL 19.08 19.40 18.88 18.94 29.1M
ExxonMobil XOM 71.00 71.39 69.35 69.61 28.6M
Altria MO 16.92 16.99 16.67 16.77 22.1M
Abbott Laboratories ABT 43.23 43.81 43.00 43.08 20.8M
Wal-Mart Stores WMT 49.76 50.30 48.85 48.94 20.2M
Verizon Communications VZ 29.82 30.17 29.76 29.83 19.5M
Chevron CVX 66.40 66.88 65.05 65.21 17.6M
Coca-Cola KO 46.81 47.29 46.54 47.00 16.7M
Procter & Gamble PG 53.74 54.77 53.56 54.02 16M
Comcast CMCSA 15.04 15.24 14.78 14.87 15.7M
Merck MRK 25.98 26.45 25.79 26.09 15.5M
McDonald's MCD 55.18 57.00 55.02 56.25 15.2M
ConocoPhillips COP 46.78 47.32 46.04 46.19 15M
Apple AAPL 127.63 129.21 125.30 125.87 13.9M
Johnson & Johnson JNJ 56.22 56.48 55.80 55.87 13.7M
Walt Disney & Co. DIS 24.00 24.28 23.41 23.55 10.5M
Schlumberger SLB 55.08 57.10 54.82 55.04 10.3M
UnitedHealth Group UNH 27.68 28.38 27.13 27.78 9.4M
Gilead Sciences GILD 43.01 43.19 42.07 42.32 9.03M
Bristol-Myers Squibb BMY 20.54 20.75 20.42 20.54 8.93M
Pepsico PEP 51.87 52.50 51.54 52.06 8.54M
Visa V 65.26 66.96 64.61 64.96 8.46M
Amgen AMGN 50.07 51.00 49.91 50.59 7.6M
Amazon AMZN 78.50 81.11 77.42 77.97 7.35M
International Business Machines IBM 105.51 105.98 103.81 104.05 7.08M
United Technologies UTX 52.69 52.89 51.59 51.74 6.13M
Union Pacific UNP 48.64 50.40 48.30 48.50 4.82M
Boeing BA 45.05 45.74 44.54 44.58 4.73M
Alphabet GOOGL 402.09 405.67 395.00 397.18 4.56M
3M MMM 59.10 59.68 58.13 58.20 3.74M
Berkshire Hathaway BRK.B 3059.00 3059.00 2980.00 2980.00 26.7K
Exchange Rates of May 20, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.840 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.137 CAD 1 CAD = 0.879 USD
US Dollar Swiss Franc 1 USD = 1.099 CHF 1 CHF = 0.910 USD
US Dollar Chinese Yuan 1 USD = 6.826 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 130.970 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.875 GBP 1 GBP = 1.143 EUR
Euro Australian Dollar 1 EUR = 1.772 AUD 1 AUD = 0.564 EUR
Euro Canadian Dollar 1 EUR = 1.571 CAD 1 CAD = 0.637 EUR
Euro Swiss Franc 1 EUR = 1.517 CHF 1 CHF = 0.659 EUR
Euro Chinese Yuan 1 EUR = 9.425 CNY 1 CNY = 0.106 EUR
Japanese Yen Pound Sterling 1 JPY = 0.670 GBP 1 GBP = 1.493 JPY
Japanese Yen Australian Dollar 1 JPY = 1.362 AUD 1 AUD = 0.734 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.204 CAD 1 CAD = 0.831 JPY
Japanese Yen Swiss Franc 1 JPY = 1.161 CHF 1 CHF = 0.861 JPY
Pound Sterling Australian Dollar 1 GBP = 2.025 AUD 1 AUD = 0.494 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.795 CAD 1 CAD = 0.557 GBP
Pound Sterling Swiss Franc 1 GBP = 1.734 CHF 1 CHF = 0.577 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.886 CAD 1 CAD = 1.128 AUD
Australian Dollar Swiss Franc 1 AUD = 0.856 CHF 1 CHF = 1.169 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.296 CNY 1 CNY = 0.189 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.966 CHF 1 CHF = 1.036 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.932 CNY 1 CNY = 0.169 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.176 CNY 1 CNY = 0.162 CHF

See what else happened on May 20, 2009