Financial news on May 22, 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

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 19,77 19,93 19,61 19,78 63.7M
General Electric GE 31,04 31,25 30,80 31,01 54.2M
Microsoft MSFT 28,28 28,70 28,18 28,47 52.2M
Apple AAPL 179,18 181,33 172,00 177,05 43.1M
Intel INTC 23,82 24,13 23,73 23,88 41.2M
Cisco Systems CSCO 25,38 25,80 25,19 25,58 35M
ExxonMobil XOM 94,11 94,29 92,41 92,51 32M
HP Inc. HPQ 45,21 45,32 44,70 44,90 29.3M
JPMorgan Chase JPM 42,40 43,73 42,10 43,05 28.9M
ConocoPhillips COP 92,58 93,45 91,26 92,00 26.3M
Wells Fargo & Co. WFC 27,75 28,44 27,55 27,91 26.2M
Oracle Corp. ORCL 22,07 22,47 22,06 22,31 24.2M
Visa V 80,57 80,60 76,16 77,31 21.3M
Chevron CVX 102,67 103,42 101,72 101,91 17.4M
AT&T Inc. T 38,87 39,43 38,68 39,18 16.3M
UnitedHealth Group UNH 34,31 35,77 34,00 35,30 16.3M
Altria MO 22,43 23,02 22,37 22,77 16.2M
Home Depot HD 26,84 27,19 26,71 26,91 15.9M
Wal-Mart Stores WMT 55,20 56,21 55,09 56,05 15.1M
Comcast CMCSA 21,76 22,29 21,72 22,20 14.6M
Coca-Cola KO 56,68 58,42 56,53 58,27 12.6M
Merck MRK 39,12 39,35 38,65 39,03 10.9M
Alphabet GOOGL 551,67 554,21 540,25 549,46 10.1M
Abbott Laboratories ABT 54,25 54,95 54,00 54,85 10M
Johnson & Johnson JNJ 65,69 65,75 65,21 65,41 9.88M
Verizon Communications VZ 37,29 37,77 37,15 37,47 9.48M
Schlumberger SLB 104,58 104,58 101,93 102,47 9.11M
Procter & Gamble PG 65,20 65,81 65,06 65,62 8.64M
Bristol-Myers Squibb BMY 21,96 22,08 21,67 21,95 8.07M
Amgen AMGN 42,19 43,04 42,10 42,77 7.82M
Walt Disney & Co. DIS 33,78 33,78 33,35 33,61 7.74M
Boeing BA 81,05 81,72 80,55 81,41 6.33M
Pepsico PEP 67,62 68,67 67,50 68,38 6.3M
Gilead Sciences GILD 52,80 53,99 52,73 53,69 5.44M
Amazon AMZN 78,42 79,69 78,00 79,26 5.39M
McDonald's MCD 58,75 59,26 58,42 58,53 5.11M
International Business Machines IBM 123,55 125,35 123,55 124,70 5.03M
United Technologies UTX 72,02 72,36 71,55 71,84 3.92M
3M MMM 76,37 76,81 75,87 76,64 3.84M
Union Pacific UNP 153,59 156,23 151,78 154,44 2.87M
Berkshire Hathaway BRK.B 4064,00 4106,00 4040,00 4105,50 21.4K
Exchange Rates of May 22, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 104,120 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 0,985 CAD 1 CAD = 1,015 USD
US Dollar Swiss Franc 1 USD = 1,031 CHF 1 CHF = 0,970 USD
US Dollar Chinese Yuan 1 USD = 6,944 CNY 1 CNY = 0,144 USD
Euro Japanese Yen 1 EUR = 163,720 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,794 GBP 1 GBP = 1,259 EUR
Euro Australian Dollar 1 EUR = 1,643 AUD 1 AUD = 0,609 EUR
Euro Canadian Dollar 1 EUR = 1,548 CAD 1 CAD = 0,646 EUR
Euro Swiss Franc 1 EUR = 1,621 CHF 1 CHF = 0,617 EUR
Japanese Yen Pound Sterling 1 JPY = 0,485 GBP 1 GBP = 2,063 JPY
Japanese Yen Australian Dollar 1 JPY = 1,003 AUD 1 AUD = 0,997 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,945 CAD 1 CAD = 1,058 JPY
Japanese Yen Swiss Franc 1 JPY = 0,990 CHF 1 CHF = 1,010 JPY
Pound Sterling Australian Dollar 1 GBP = 2,070 AUD 1 AUD = 0,483 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,950 CAD 1 CAD = 0,513 GBP
Pound Sterling Swiss Franc 1 GBP = 2,041 CHF 1 CHF = 0,490 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,942 CAD 1 CAD = 1,062 AUD
Australian Dollar Swiss Franc 1 AUD = 0,986 CHF 1 CHF = 1,015 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,047 CHF 1 CHF = 0,956 CAD

See what else happened on May 22, 2008