Financial news on May 22nd, 2008

Business and Financial news
Can e-Publishing Overcome Copyright Concerns?

David Pogue addresses the issue of copyright protection and electronic publishing. Read more..

By DAVID POGUE - The New York Times

Concerns From Fed Reverberate on Wall Street

The hawkish tone of minutes from the Fed’s last meeting, in which policymakers signaled a willingness to halt their rate-cutting campaign, sent the stock indexes tumbling. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Florida Pension Fund Is Suing A.I.G.

The fund accused A.I.G. and a number of its top executives of understating the company’s exposure to the subprime mortgage crisis in order to inflate its stock price. Read more..

By JENNY ANDERSON - The New York Times

More Questions Are Raised About Moody’s Ratings

Moody’s is investigating whether it assigned top-flight credit ratings to certain securities because of computer errors, raising new questions about the credibility of its assessments. Read more..

By VIKAS BAJAJ - The New York Times

Understanding and Outrage From Air Travelers

Airline passengers expressed a variety of opinions about American Airlines’ move to charge $15 for each checked bag. Read more..

By SUSHIL CHEEMA and MICHELINE MAYNARD - The New York Times

Which Came First, or Does It Even Matter?

McDonald’s has just introduced a Southern Style Chicken Sandwich — one that looks suspiciously like the signature sandwich of the Chick-fil-A chain. Read more..

By STEPHANIE CLIFFORD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
PfizerPFE19.7719.9319.6119.7863.7M
General ElectricGE31.0431.2530.8031.0154.2M
MicrosoftMSFT28.2828.7028.1828.4752.2M
AppleAAPL179.18181.33172.00177.0543.1M
IntelINTC23.8224.1323.7323.8841.2M
Cisco SystemsCSCO25.3825.8025.1925.5835M
ExxonMobilXOM94.1194.2992.4192.5132M
HP Inc.HPQ45.2145.3244.7044.9029.3M
JPMorgan ChaseJPM42.4043.7342.1043.0528.9M
ConocoPhillipsCOP92.5893.4591.2692.0026.3M
Wells Fargo & Co.WFC27.7528.4427.5527.9126.2M
Oracle Corp.ORCL22.0722.4722.0622.3124.2M
VisaV80.5780.6076.1677.3121.3M
ChevronCVX102.67103.42101.72101.9117.4M
AT&T Inc.T38.8739.4338.6839.1816.3M
UnitedHealth GroupUNH34.3135.7734.0035.3016.3M
AltriaMO22.4323.0222.3722.7716.2M
Home DepotHD26.8427.1926.7126.9115.9M
Wal-Mart StoresWMT55.2056.2155.0956.0515.1M
ComcastCMCSA21.7622.2921.7222.2014.6M
Coca-ColaKO56.6858.4256.5358.2712.6M
MerckMRK39.1239.3538.6539.0310.9M
AlphabetGOOGL551.67554.21540.25549.4610.1M
Abbott LaboratoriesABT54.2554.9554.0054.8510M
Johnson & JohnsonJNJ65.6965.7565.2165.419.88M
Verizon CommunicationsVZ37.2937.7737.1537.479.48M
SchlumbergerSLB104.58104.58101.93102.479.11M
Procter & GamblePG65.2065.8165.0665.628.64M
Bristol-Myers SquibbBMY21.9622.0821.6721.958.07M
AmgenAMGN42.1943.0442.1042.777.82M
Walt Disney & Co.DIS33.7833.7833.3533.617.74M
BoeingBA81.0581.7280.5581.416.33M
PepsicoPEP67.6268.6767.5068.386.3M
Gilead SciencesGILD52.8053.9952.7353.695.44M
AmazonAMZN78.4279.6978.0079.265.39M
McDonald'sMCD58.7559.2658.4258.535.11M
International Business MachinesIBM123.55125.35123.55124.705.03M
United TechnologiesUTX72.0272.3671.5571.843.92M
3MMMM76.3776.8175.8776.643.84M
Union PacificUNP153.59156.23151.78154.442.87M
Berkshire HathawayBRK.B4064.004106.004040.004105.5021.4K
Exchange Rates of May 22nd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104.120 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 0.985 CAD1 CAD = 1.015 USD
US DollarSwiss Franc1 USD = 1.031 CHF1 CHF = 0.970 USD
US DollarChinese Yuan1 USD = 6.944 CNY1 CNY = 0.144 USD
EuroJapanese Yen1 EUR = 163.720 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.794 GBP1 GBP = 1.259 EUR
EuroAustralian Dollar1 EUR = 1.643 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.548 CAD1 CAD = 0.646 EUR
EuroSwiss Franc1 EUR = 1.621 CHF1 CHF = 0.617 EUR
Japanese YenPound Sterling1 JPY = 0.485 GBP1 GBP = 2.063 JPY
Japanese YenAustralian Dollar1 JPY = 1.003 AUD1 AUD = 0.997 JPY
Japanese YenCanadian Dollar1 JPY = 0.945 CAD1 CAD = 1.058 JPY
Japanese YenSwiss Franc1 JPY = 0.990 CHF1 CHF = 1.010 JPY
Pound SterlingAustralian Dollar1 GBP = 2.070 AUD1 AUD = 0.483 GBP
Pound SterlingCanadian Dollar1 GBP = 1.950 CAD1 CAD = 0.513 GBP
Pound SterlingSwiss Franc1 GBP = 2.041 CHF1 CHF = 0.490 GBP
Australian DollarCanadian Dollar1 AUD = 0.942 CAD1 CAD = 1.062 AUD
Australian DollarSwiss Franc1 AUD = 0.986 CHF1 CHF = 1.015 AUD
Canadian DollarSwiss Franc1 CAD = 1.047 CHF1 CHF = 0.956 CAD

See what else happened on May 22nd, 2008