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

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25,0825,2024,3124,3159.4M
General ElectricGE13,3613,4013,0213,1054M
IntelINTC15,2315,2615,0115,0544.3M
JPMorgan ChaseJPM35,2635,3034,4134,4139.2M
MicrosoftMSFT19,9320,1719,4719,7537.3M
PfizerPFE14,8415,0914,6714,9633.8M
Cisco SystemsCSCO18,0918,1517,6617,9033.2M
Oracle Corp.ORCL18,5819,0918,4418,6524.4M
AT&T Inc.T23,5923,9323,3823,6823.5M
ExxonMobilXOM68,6269,6868,3968,8318.6M
Abbott LaboratoriesABT43,5444,5543,3243,9415.5M
Home DepotHD23,2023,2422,6022,8615.1M
MerckMRK26,1526,3525,9726,1714.6M
AltriaMO16,6016,8116,5216,6412.4M
Coca-ColaKO46,6747,7146,6447,3012.3M
HP Inc.HPQ34,3234,6633,8534,1412M
Wal-Mart StoresWMT49,3749,7749,1149,2511.3M
Walt Disney & Co.DIS23,2524,0023,0523,7011.1M
ComcastCMCSA14,4214,4914,1114,2211.1M
McDonald'sMCD55,9257,6955,6957,0810.7M
AppleAAPL124,05124,18121,75122,5010.6M
Verizon CommunicationsVZ29,1929,2028,7528,8110.4M
ConocoPhillipsCOP44,9345,1744,2744,389.89M
Bristol-Myers SquibbBMY20,4220,6020,0220,028.89M
ChevronCVX64,7565,7764,3664,448.78M
SchlumbergerSLB52,8453,3351,6551,758.62M
Johnson & JohnsonJNJ55,1055,4454,6354,777.43M
Procter & GamblePG53,0753,7452,9653,036.76M
UnitedHealth GroupUNH26,9527,3426,1326,306.59M
International Business MachinesIBM102,67103,31101,75101,895.6M
Gilead SciencesGILD42,5342,9542,1842,335.45M
VisaV66,9167,5065,2365,755.43M
PepsicoPEP51,5851,9551,2051,574.57M
United TechnologiesUTX50,7851,7650,5251,044.3M
3MMMM56,8256,9955,9956,073.77M
Union PacificUNP46,0247,0746,0046,163.53M
AmazonAMZN76,1077,0475,0275,643.48M
AlphabetGOOGL396,66398,65392,00393,503.43M
AmgenAMGN49,7049,8949,0149,303.07M
BoeingBA43,4743,6142,8642,942.95M
Berkshire HathawayBRK.B2926,002932,002882,002908,0018.6K
Exchange Rates of May 22, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94,760 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,119 CAD1 CAD = 0,894 USD
US DollarSwiss Franc1 USD = 1,086 CHF1 CHF = 0,921 USD
US DollarChinese Yuan1 USD = 6,823 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 132,640 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,879 GBP1 GBP = 1,137 EUR
EuroAustralian Dollar1 EUR = 1,788 AUD1 AUD = 0,559 EUR
EuroCanadian Dollar1 EUR = 1,567 CAD1 CAD = 0,638 EUR
EuroSwiss Franc1 EUR = 1,519 CHF1 CHF = 0,658 EUR
EuroChinese Yuan1 EUR = 9,560 CNY1 CNY = 0,105 EUR
Japanese YenPound Sterling1 JPY = 0,662 GBP1 GBP = 1,510 JPY
Japanese YenAustralian Dollar1 JPY = 1,347 AUD1 AUD = 0,742 JPY
Japanese YenCanadian Dollar1 JPY = 1,181 CAD1 CAD = 0,847 JPY
Japanese YenSwiss Franc1 JPY = 1,145 CHF1 CHF = 0,873 JPY
Pound SterlingAustralian Dollar1 GBP = 2,033 AUD1 AUD = 0,492 GBP
Pound SterlingCanadian Dollar1 GBP = 1,782 CAD1 CAD = 0,561 GBP
Pound SterlingSwiss Franc1 GBP = 1,728 CHF1 CHF = 0,579 GBP
Pound SterlingChinese Yuan1 GBP = 10,857 CNY1 CNY = 0,092 GBP
Australian DollarCanadian Dollar1 AUD = 0,875 CAD1 CAD = 1,143 AUD
Australian DollarSwiss Franc1 AUD = 0,849 CHF1 CHF = 1,178 AUD
Australian DollarChinese Yuan1 AUD = 5,356 CNY1 CNY = 0,187 AUD
Canadian DollarSwiss Franc1 CAD = 0,969 CHF1 CHF = 1,032 CAD
Canadian DollarChinese Yuan1 CAD = 6,092 CNY1 CNY = 0,164 CAD
Swiss FrancChinese Yuan1 CHF = 6,295 CNY1 CNY = 0,159 CHF

See what else happened on May 22, 2009