Financial news on May 21st, 2009

Business and Financial news
At Least 3 Bids Likely for G.M.’s European Business

The bids for Opel and Vauxhall will be reviewed simultaneously by the German government, which holds the key to financing any deal. Read more..

By CARTER DOUGHERTY - The New York Times

Daniel Carasso, a Pioneer of Yogurt, Dies at 103

Mr. Carasso helped turn yogurt from an obscure ethnic food into an international staple through the Danone brand in Europe and Dannon in the United States. Read more..

By WILLIAM GRIMES - The New York Times

Ex-Duracell Chairman to Lead New Chrysler

C. Robert Kidder will succeed Robert L. Nardelli, who will step down when Chrysler emerges from Chapter 11. Read more..

By NICK BUNKLEY - The New York Times

The Last Holdouts Cast Their Lot With G.M.

Having turned down repeated buyout offers, 450 workers continue to show up to work at G.M.’s Flint North plant, preferring to stand their ground, come what may. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

Tracking Someone Else’s Every Move, With Permission

With the right kind of cellphone, you can watch a person’s every movement using the new Glympse application. Read more..

By BOB TEDESCHI - The New York Times

Treasury Is Said to Plan Second Bailout for GMAC

The former financing arm of G.M. will receive $7.5 billion, which would bring its total federal assistance to more than $12 billion. Read more..

By EDMUND L. ANDREWS - The New York Times

Typing-Expansion Software

Over the years, as I recognize more words that I type often, I’ve built up quite a list with hundreds of abbreviations. Read more..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE13.5113.5313.0513.24105M
Wells Fargo & Co.WFC23.4525.2723.4425.0498.8M
JPMorgan ChaseJPM34.1935.3633.6734.9065.1M
Cisco SystemsCSCO18.4318.5017.8518.1063.3M
AT&T Inc.T23.9824.2523.4523.6730.9M
Oracle Corp.ORCL18.7618.8318.3518.5726.3M
Home DepotHD23.4923.8322.6422.8925.5M
HP Inc.HPQ34.3134.3933.5534.2225.4M
Verizon CommunicationsVZ29.5729.6428.8029.1618M
Wal-Mart StoresWMT48.8149.5348.6749.1115.7M
Abbott LaboratoriesABT43.0143.4342.8043.3213.2M
Walt Disney & Co.DIS23.0823.3022.9323.2312.6M
Johnson & JohnsonJNJ55.4355.5854.4554.9912.5M
Procter & GamblePG53.4853.4852.5153.0211.2M
Bristol-Myers SquibbBMY20.4620.7120.1920.399.85M
Gilead SciencesGILD42.6043.0842.2542.569.85M
UnitedHealth GroupUNH27.3628.4726.6426.929.29M
International Business MachinesIBM103.07103.25101.74102.827.41M
United TechnologiesUTX51.0451.1849.9050.766.18M
Union PacificUNP47.4847.6345.5846.015.34M
Berkshire HathawayBRK.B2952.002963.002910.002929.0027.7K
Exchange Rates of May 21st, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.340 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.137 CAD1 CAD = 0.880 USD
US DollarSwiss Franc1 USD = 1.093 CHF1 CHF = 0.915 USD
US DollarChinese Yuan1 USD = 6.825 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 131.150 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.877 GBP1 GBP = 1.141 EUR
EuroAustralian Dollar1 EUR = 1.786 AUD1 AUD = 0.560 EUR
EuroCanadian Dollar1 EUR = 1.580 CAD1 CAD = 0.633 EUR
EuroSwiss Franc1 EUR = 1.519 CHF1 CHF = 0.658 EUR
EuroChinese Yuan1 EUR = 9.486 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.668 GBP1 GBP = 1.497 JPY
Japanese YenAustralian Dollar1 JPY = 1.360 AUD1 AUD = 0.735 JPY
Japanese YenCanadian Dollar1 JPY = 1.204 CAD1 CAD = 0.830 JPY
Japanese YenSwiss Franc1 JPY = 1.158 CHF1 CHF = 0.864 JPY
Pound SterlingAustralian Dollar1 GBP = 2.036 AUD1 AUD = 0.491 GBP
Pound SterlingCanadian Dollar1 GBP = 1.802 CAD1 CAD = 0.555 GBP
Pound SterlingSwiss Franc1 GBP = 1.732 CHF1 CHF = 0.577 GBP
Pound SterlingChinese Yuan1 GBP = 10.806 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.885 CAD1 CAD = 1.131 AUD
Australian DollarSwiss Franc1 AUD = 0.851 CHF1 CHF = 1.176 AUD
Australian DollarChinese Yuan1 AUD = 5.317 CNY1 CNY = 0.188 AUD
Canadian DollarSwiss Franc1 CAD = 0.961 CHF1 CHF = 1.041 CAD
Canadian DollarChinese Yuan1 CAD = 6.003 CNY1 CNY = 0.167 CAD
Swiss FrancChinese Yuan1 CHF = 6.243 CNY1 CNY = 0.160 CHF

See what else happened on May 21st, 2009