Financial news on May 21, 2008
Business and Financial news
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..
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..
After weeks of speculation, the German media conglomerate appointed Markus Dohle, the head of its printing unit, to run the division. Read more..
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..
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..
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..
Stocks dropped sharply on retail earnings and new concerns about inflation while oil prices continued to rise, closing at $129.07. Read more..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||27,95||28,39||27,47||27,70||32.9M|
|Procter & Gamble||PG||66,08||66,08||65,01||65,17||11.7M|
|Walt Disney & Co.||DIS||33,95||34,09||33,50||33,66||11.4M|
|Johnson & Johnson||JNJ||66,39||66,70||65,58||65,73||11.2M|
|International Business Machines||IBM||125,05||126,40||123,02||123,62||8.33M|
Exchange Rates of May 21, 2008
|US Dollar||Japanese Yen||1 USD = 103,250 JPY||1 JPY = 0,010 USD|
|US Dollar||Canadian Dollar||1 USD = 0,991 CAD||1 CAD = 1,009 USD|
|US Dollar||Swiss Franc||1 USD = 1,036 CHF||1 CHF = 0,966 USD|
|US Dollar||Chinese Yuan||1 USD = 6,960 CNY||1 CNY = 0,144 USD|
|Euro||Japanese Yen||1 EUR = 161,750 JPY||1 JPY = 0,006 EUR|
|Euro||Pound Sterling||1 EUR = 0,796 GBP||1 GBP = 1,256 EUR|
|Euro||Australian Dollar||1 EUR = 1,633 AUD||1 AUD = 0,613 EUR|
|Euro||Canadian Dollar||1 EUR = 1,552 CAD||1 CAD = 0,644 EUR|
|Euro||Swiss Franc||1 EUR = 1,622 CHF||1 CHF = 0,616 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0,492 GBP||1 GBP = 2,033 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1,009 AUD||1 AUD = 0,991 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0,959 CAD||1 CAD = 1,042 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1,003 CHF||1 CHF = 0,997 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2,051 AUD||1 AUD = 0,488 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1,950 CAD||1 CAD = 0,513 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2,037 CHF||1 CHF = 0,491 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0,950 CAD||1 CAD = 1,053 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,993 CHF||1 CHF = 1,007 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1,045 CHF||1 CHF = 0,957 CAD|