Financial news on May 21, 2008

Business and Financial news
Airbus Wins Big A350 Contract, but Its Parent Still Struggles

Despite news that Airbus had won its biggest contract ever for its next-generation A350 business jet, UBS downgraded shares in its parent company, EADS. Read more..

By CAROLINE BROTHERS - The New York Times

A Warning to Europe From Gazprom

The Russian export monopoly warned the European Union that it was endangering the security of its natural gas supplies by planning to break up the Continent’s energy giants. Read more..

By JUDY DEMPSEY - The New York Times

Bertelsmann Appoints Outsider to Head Random House

After weeks of speculation, the German media conglomerate appointed Markus Dohle, the head of its printing unit, to run the division. Read more..

By MOTOKO RICH and MARK LANDLER - The New York Times

Charity’s Leaders Suspended as Payments Are Reviewed

The American Bible Society said its president and chief financial officer had been placed on temporary leave following reports of payments made to a contractor with ties to online pornography. Read more..

By BRAD STONE - The New York Times

Former Merrill Executive Delays Launch of Fund, Report Says

Former Merrill Lynch executive Dow Kim delayed the launch of his hedge fund recently as financial backing from some large investors, including Credit Suisse, failed to materialize. Read more..

By DEALBOOK - The New York Times

Iceland: Bond Rating Cut by Moody’s

The government of Iceland’s bond rating was lowered to Aa1 from Aaa by Moody’s Investors Service on growing concern that the country’s banks may face a credit squeeze. Read more..

By BLOOMBERG NEWS - The New York Times

Markets Drop; Oil Continues Its Surge

Stocks dropped sharply on retail earnings and new concerns about inflation while oil prices continued to rise, closing at $129.07. Read more..

By JOHN SULLIVAN - The New York Times

Regal Plans to Add 3-D Movie Screens

The Regal Entertainment Group, the world’s largest cinema operator, has reached an agreement to equip 1,500 screens to show three-dimensional films. Read more..

By BLOOMBERG NEWS - The New York Times

The Risks of Rescuing Borrowers

Senators say the legislation approved on Tuesday to help suffering homeowners refinance costly loans could rescue the housing market, but others say the plan is riskier than it seems. Read more..

By CHARLES DUHIGG and DAVID M. HERSZENHORN - The New York Times

To Thwart TiVo, a Nod to Television’s Golden Age

As marketers strive to counter the growing ability of viewers to skip or avoid advertisement spots, they are bringing back the live commercial. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE31,7731,7830,9130,9995.3M
IntelINTC23,8624,2023,5223,6664.4M
PfizerPFE20,1120,1719,9220,0160.6M
MicrosoftMSFT28,8029,0528,1928,2560.1M
ExxonMobilXOM94,6296,1293,4693,6743.2M
Cisco SystemsCSCO25,8426,1225,1625,3742.9M
AppleAAPL185,61188,00176,25178,1941.3M
JPMorgan ChaseJPM43,8044,0542,3342,4240.6M
HP Inc.HPQ46,2146,3544,4044,8034.5M
Wells Fargo & Co.WFC27,9528,3927,4727,7032.9M
Oracle Corp.ORCL22,2622,7121,9422,0130.6M
Home DepotHD27,3227,4926,8026,9329.3M
ConocoPhillipsCOP93,6595,0792,5692,8328.4M
ChevronCVX103,25104,63102,69103,0222M
Wal-Mart StoresWMT55,9456,2055,0555,2320.4M
AltriaMO22,5222,8422,2822,3718.9M
AT&T Inc.T39,3639,5438,7138,8918.2M
Verizon CommunicationsVZ37,9738,0337,0237,2217.1M
ComcastCMCSA22,0022,0521,7021,7615.7M
AlphabetGOOGL577,79581,41547,89549,9912.9M
UnitedHealth GroupUNH34,0034,5333,8234,1612.8M
MerckMRK39,7340,0939,0039,1312.8M
Coca-ColaKO56,9157,3056,4556,6512.6M
Procter & GamblePG66,0866,0865,0165,1711.7M
Walt Disney & Co.DIS33,9534,0933,5033,6611.4M
Johnson & JohnsonJNJ66,3966,7065,5865,7311.2M
Bristol-Myers SquibbBMY22,0822,4021,7921,8111.1M
BoeingBA85,4185,6080,7881,1910.8M
Abbott LaboratoriesABT54,8855,4554,2554,3610.7M
VisaV82,3883,4380,5280,8510.5M
SchlumbergerSLB105,91108,53103,90104,269.36M
International Business MachinesIBM125,05126,40123,02123,628.33M
McDonald'sMCD59,7759,9658,4158,787.84M
AmgenAMGN42,7442,9141,9942,107.79M
AmazonAMZN80,4681,1577,5078,307.07M
PepsicoPEP67,2668,2167,1667,276.13M
United TechnologiesUTX73,6774,0271,8772,026.01M
Gilead SciencesGILD54,1054,1552,3552,485.69M
3MMMM77,5177,5375,8376,124.43M
Union PacificUNP154,14157,35152,71153,082.77M
Berkshire HathawayBRK.B4100,004104,004035,004060,0023.5K
Exchange Rates of May 21, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 103,250 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 0,991 CAD1 CAD = 1,009 USD
US DollarSwiss Franc1 USD = 1,036 CHF1 CHF = 0,966 USD
US DollarChinese Yuan1 USD = 6,960 CNY1 CNY = 0,144 USD
EuroJapanese Yen1 EUR = 161,750 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,796 GBP1 GBP = 1,256 EUR
EuroAustralian Dollar1 EUR = 1,633 AUD1 AUD = 0,613 EUR
EuroCanadian Dollar1 EUR = 1,552 CAD1 CAD = 0,644 EUR
EuroSwiss Franc1 EUR = 1,622 CHF1 CHF = 0,616 EUR
Japanese YenPound Sterling1 JPY = 0,492 GBP1 GBP = 2,033 JPY
Japanese YenAustralian Dollar1 JPY = 1,009 AUD1 AUD = 0,991 JPY
Japanese YenCanadian Dollar1 JPY = 0,959 CAD1 CAD = 1,042 JPY
Japanese YenSwiss Franc1 JPY = 1,003 CHF1 CHF = 0,997 JPY
Pound SterlingAustralian Dollar1 GBP = 2,051 AUD1 AUD = 0,488 GBP
Pound SterlingCanadian Dollar1 GBP = 1,950 CAD1 CAD = 0,513 GBP
Pound SterlingSwiss Franc1 GBP = 2,037 CHF1 CHF = 0,491 GBP
Australian DollarCanadian Dollar1 AUD = 0,950 CAD1 CAD = 1,053 AUD
Australian DollarSwiss Franc1 AUD = 0,993 CHF1 CHF = 1,007 AUD
Canadian DollarSwiss Franc1 CAD = 1,045 CHF1 CHF = 0,957 CAD

See what else happened on May 21, 2008