Financial news on May 22, 2009

Business and Financial news
A Hit Parade, or So They Hope

At upfront week, networks pulled out all the stops to pitch their fall schedules to advertisers. Read more..

By STUART ELLIOTT and BRIAN STELTER - The New York Times

Axe Body Products Puts Its Brand on the Hamptons Club Scene

Just as companies put their names on sports stadiums, a line of grooming products intends to brand a dating arena. Read more..

By STEPHANIE CLIFFORD - The New York Times

Financial Wisdom From a New Graduate

Madison Nipp, 22, a newly minted financial planner, offers some ideas to other recent college graduates. Read more..

By RON LIEBER - The New York Times

GMAC Receives More Aid as Treasury Gets Board Seats

GMAC, the troubled former finance arm of General Motors, confirmed Thursday that it would receive $7.5 billion from the Treasury Department to help fill holes in its balance sheet. Read more..

By MICHAEL J. de la MERCED - The New York Times

G.M. in Deal With Union as Deadline Approaches

An agreement with the U.A.W. was a crucial obstacle for G.M. to clear before a June 1 deadline to restructure debt. Read more..

By BILL VLASIC - The New York Times

Potential Risk in a Move to Give Investors More Say on Boards

If a particular rule is adopted, shareholders will get something they have never seen before: ballots with more candidates than jobs to be filled. Read more..

By FLOYD NORRIS - The New York Times

Regulators Seize and Sell Florida’s Biggest Regional Bank

BankUnited was seized by regulators and sold to a consortium of private equity firms on Thursday, in the largest bank failure this year. Read more..

By ZACHERY KOUWE - The New York Times

Sitting Pretty at Rio Tinto

Chinalco is under pressure to reorganize its deal with the heavily indebted Australian mining company Rio Tinto. A revision of the terms is almost inevitable, and Rio has everything to play for. Read more..

By UNA GALANI and DWIGHT CASS - The New York Times

Wells Fargo Said to Be Squeezing Clothier Hartmarx, Raising Liquidation Fears

Organized labor has risen up against Wells Fargo, hoping that a buyer, like Emerisque, can keep Hartmarx alive and its workers employed. Read more..

By STEVEN GREENHOUSE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 25.08 25.20 24.31 24.31 59.4M
General Electric GE 13.36 13.40 13.02 13.10 54M
Intel INTC 15.23 15.26 15.01 15.05 44.3M
JPMorgan Chase JPM 35.26 35.30 34.41 34.41 39.2M
Microsoft MSFT 19.93 20.17 19.47 19.75 37.3M
Pfizer PFE 14.84 15.09 14.67 14.96 33.8M
Cisco Systems CSCO 18.09 18.15 17.66 17.90 33.2M
Oracle Corp. ORCL 18.58 19.09 18.44 18.65 24.4M
AT&T Inc. T 23.59 23.93 23.38 23.68 23.5M
ExxonMobil XOM 68.62 69.68 68.39 68.83 18.6M
Abbott Laboratories ABT 43.54 44.55 43.32 43.94 15.5M
Home Depot HD 23.20 23.24 22.60 22.86 15.1M
Merck MRK 26.15 26.35 25.97 26.17 14.6M
Altria MO 16.60 16.81 16.52 16.64 12.4M
Coca-Cola KO 46.67 47.71 46.64 47.30 12.3M
HP Inc. HPQ 34.32 34.66 33.85 34.14 12M
Wal-Mart Stores WMT 49.37 49.77 49.11 49.25 11.3M
Walt Disney & Co. DIS 23.25 24.00 23.05 23.70 11.1M
Comcast CMCSA 14.42 14.49 14.11 14.22 11.1M
McDonald's MCD 55.92 57.69 55.69 57.08 10.7M
Apple AAPL 124.05 124.18 121.75 122.50 10.6M
Verizon Communications VZ 29.19 29.20 28.75 28.81 10.4M
ConocoPhillips COP 44.93 45.17 44.27 44.38 9.89M
Bristol-Myers Squibb BMY 20.42 20.60 20.02 20.02 8.89M
Chevron CVX 64.75 65.77 64.36 64.44 8.78M
Schlumberger SLB 52.84 53.33 51.65 51.75 8.62M
Johnson & Johnson JNJ 55.10 55.44 54.63 54.77 7.43M
Procter & Gamble PG 53.07 53.74 52.96 53.03 6.76M
UnitedHealth Group UNH 26.95 27.34 26.13 26.30 6.59M
International Business Machines IBM 102.67 103.31 101.75 101.89 5.6M
Gilead Sciences GILD 42.53 42.95 42.18 42.33 5.45M
Visa V 66.91 67.50 65.23 65.75 5.43M
Pepsico PEP 51.58 51.95 51.20 51.57 4.57M
United Technologies UTX 50.78 51.76 50.52 51.04 4.3M
3M MMM 56.82 56.99 55.99 56.07 3.77M
Union Pacific UNP 46.02 47.07 46.00 46.16 3.53M
Amazon AMZN 76.10 77.04 75.02 75.64 3.48M
Alphabet GOOGL 396.66 398.65 392.00 393.50 3.43M
Amgen AMGN 49.70 49.89 49.01 49.30 3.07M
Boeing BA 43.47 43.61 42.86 42.94 2.95M
Berkshire Hathaway BRK.B 2926.00 2932.00 2882.00 2908.00 18.6K
Exchange Rates of May 22, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.760 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.119 CAD 1 CAD = 0.894 USD
US Dollar Swiss Franc 1 USD = 1.086 CHF 1 CHF = 0.921 USD
US Dollar Chinese Yuan 1 USD = 6.823 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 132.640 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.879 GBP 1 GBP = 1.137 EUR
Euro Australian Dollar 1 EUR = 1.788 AUD 1 AUD = 0.559 EUR
Euro Canadian Dollar 1 EUR = 1.567 CAD 1 CAD = 0.638 EUR
Euro Swiss Franc 1 EUR = 1.519 CHF 1 CHF = 0.658 EUR
Euro Chinese Yuan 1 EUR = 9.560 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.662 GBP 1 GBP = 1.510 JPY
Japanese Yen Australian Dollar 1 JPY = 1.347 AUD 1 AUD = 0.742 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.181 CAD 1 CAD = 0.847 JPY
Japanese Yen Swiss Franc 1 JPY = 1.145 CHF 1 CHF = 0.873 JPY
Pound Sterling Australian Dollar 1 GBP = 2.033 AUD 1 AUD = 0.492 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.782 CAD 1 CAD = 0.561 GBP
Pound Sterling Swiss Franc 1 GBP = 1.728 CHF 1 CHF = 0.579 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.857 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.875 CAD 1 CAD = 1.143 AUD
Australian Dollar Swiss Franc 1 AUD = 0.849 CHF 1 CHF = 1.178 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.356 CNY 1 CNY = 0.187 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.969 CHF 1 CHF = 1.032 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.092 CNY 1 CNY = 0.164 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.295 CNY 1 CNY = 0.159 CHF

See what else happened on May 22, 2009