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

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 22, 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 22, 2008