Financial news on May 25, 2010
Business and Financial news
From City Room: A city fund for investing in start-up companies has chosen the recipient of its first $300,000 in seed money: My City Way, a mobile phone software developer. Read more..
After the collapse of Bob and Harvey Weinstein’s bid to win back Miramax Films, the Walt Disney Company has resumed casual talks with a competing bidder. Read more..
Over the last year or so, many hedge funds have scored big betting on financial firms. But, if they’re are still in the game, they’re taking a beating, Business Insider says. Read more..
Guests don’t have to leave the hotel to do something interesting, while local residents acquire a familiarity with the hotel that could lead to more business. Read more..
Prime Minister David Cameron must close a British budget deficit now equal to 11 percent of gross domestic product. Read more..
In just three years, Ken Moelis’s corporate finance advisory firm has swelled to 325 people, and counting. Read more..
Once a full-blown crisis is in progress, it is not clear what financial institution would be in a position to pay into an emergency fund. This is why the prepay version of the financial bill makes most sense. Read more..
The U.S. thrift industry reported its third consecutive quarter of profit, earning $1.82 billion during the first three months of the year. Read more..
Stocks declined on Monday, dragged down by late-day losses in the financial sector, which has been mired in uncertainty over financial reforms and European debt troubles. Read more..
Sterling Financial announced Monday that it will receive a total of $278 million in private equity financing, after Warburg Pincus agreed to join Thomas H. Lee Partners in investing in the bank holding company, The Associated Press reported. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
General Electric | GE | 15.50 | 15.97 | 15.25 | 15.95 | 122M |
Pfizer | PFE | 14.95 | 15.10 | 14.75 | 15.06 | 103M |
Microsoft | MSFT | 25.65 | 26.33 | 25.38 | 26.07 | 98.4M |
Intel | INTC | 20.12 | 20.87 | 20.03 | 20.85 | 96.2M |
JPMorgan Chase | JPM | 37.67 | 39.01 | 37.35 | 38.94 | 66.8M |
Cisco Systems | CSCO | 22.73 | 23.31 | 22.60 | 23.31 | 64.9M |
Wells Fargo & Co. | WFC | 27.71 | 28.91 | 27.44 | 28.90 | 55.2M |
AT&T Inc. | T | 24.09 | 24.39 | 23.78 | 24.32 | 52.2M |
ExxonMobil | XOM | 58.99 | 59.78 | 58.46 | 59.71 | 50.5M |
Comcast | CMCSA | 16.46 | 17.72 | 16.30 | 17.67 | 48.6M |
Oracle Corp. | ORCL | 21.77 | 22.20 | 21.63 | 22.20 | 41.2M |
Apple | AAPL | 239.35 | 246.76 | 237.16 | 245.22 | 37.4M |
Altria | MO | 20.35 | 20.59 | 20.15 | 20.40 | 32.1M |
Home Depot | HD | 32.54 | 34.04 | 32.42 | 33.98 | 30.5M |
Walt Disney & Co. | DIS | 31.58 | 32.37 | 31.21 | 32.32 | 26.6M |
Abbott Laboratories | ABT | 47.02 | 47.25 | 46.31 | 47.23 | 26.4M |
Verizon Communications | VZ | 27.09 | 27.46 | 26.80 | 27.40 | 24.8M |
Wal-Mart Stores | WMT | 50.25 | 50.50 | 50.00 | 50.28 | 24.1M |
HP Inc. | HPQ | 44.54 | 45.90 | 44.17 | 45.85 | 22.7M |
ConocoPhillips | COP | 49.03 | 50.00 | 48.51 | 49.92 | 22.4M |
Chevron | CVX | 71.74 | 72.69 | 70.80 | 72.57 | 22.3M |
Johnson & Johnson | JNJ | 59.71 | 60.41 | 59.15 | 60.35 | 21.2M |
Merck | MRK | 31.30 | 32.08 | 31.10 | 32.06 | 20.7M |
Schlumberger | SLB | 56.05 | 58.59 | 55.66 | 58.46 | 20.6M |
Procter & Gamble | PG | 60.15 | 61.12 | 60.05 | 61.05 | 18.3M |
Coca-Cola | KO | 50.37 | 50.73 | 49.94 | 50.62 | 14.3M |
Gilead Sciences | GILD | 36.16 | 36.27 | 35.62 | 36.18 | 14M |
Bristol-Myers Squibb | BMY | 22.60 | 22.89 | 22.24 | 22.86 | 13.9M |
Visa | V | 73.06 | 73.85 | 71.77 | 72.97 | 11.4M |
International Business Machines | IBM | 121.47 | 124.95 | 121.47 | 124.52 | 9.49M |
McDonald's | MCD | 66.59 | 67.84 | 66.20 | 67.84 | 9.26M |
Pepsico | PEP | 61.93 | 62.92 | 61.65 | 62.89 | 9.16M |
Amgen | AMGN | 51.95 | 52.66 | 51.17 | 52.55 | 8.79M |
UnitedHealth Group | UNH | 28.33 | 28.89 | 28.11 | 28.87 | 8.55M |
Berkshire Hathaway | BRK.B | 69.89 | 70.87 | 68.48 | 70.73 | 8.41M |
United Technologies | UTX | 64.34 | 66.31 | 63.79 | 66.16 | 7.86M |
Amazon | AMZN | 118.54 | 125.19 | 118.50 | 124.86 | 6.91M |
Boeing | BA | 61.00 | 62.98 | 60.61 | 62.78 | 6.9M |
Union Pacific | UNP | 67.17 | 68.59 | 67.17 | 68.57 | 6.06M |
Alphabet | GOOGL | 468.16 | 477.45 | 464.01 | 477.07 | 6.03M |
3M | MMM | 78.70 | 79.55 | 77.31 | 79.47 | 5.71M |
Exchange Rates of May 25, 2010
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 90.290 JPY | 1 JPY = 0.011 USD |
US Dollar | Canadian Dollar | 1 USD = 1.065 CAD | 1 CAD = 0.939 USD |
US Dollar | Swiss Franc | 1 USD = 1.155 CHF | 1 CHF = 0.866 USD |
US Dollar | Chinese Yuan | 1 USD = 6.832 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 111.710 JPY | 1 JPY = 0.009 EUR |
Euro | Pound Sterling | 1 EUR = 0.857 GBP | 1 GBP = 1.167 EUR |
Euro | Australian Dollar | 1 EUR = 1.492 AUD | 1 AUD = 0.670 EUR |
Euro | Canadian Dollar | 1 EUR = 1.318 CAD | 1 CAD = 0.759 EUR |
Euro | Swiss Franc | 1 EUR = 1.429 CHF | 1 CHF = 0.700 EUR |
Euro | Chinese Yuan | 1 EUR = 8.452 CNY | 1 CNY = 0.118 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.767 GBP | 1 GBP = 1.304 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.335 AUD | 1 AUD = 0.749 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.179 CAD | 1 CAD = 0.848 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.279 CHF | 1 CHF = 0.782 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.741 AUD | 1 AUD = 0.574 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.538 CAD | 1 CAD = 0.650 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.667 CHF | 1 CHF = 0.600 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 9.858 CNY | 1 CNY = 0.101 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.883 CAD | 1 CAD = 1.133 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.957 CHF | 1 CHF = 1.045 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.663 CNY | 1 CNY = 0.177 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.083 CHF | 1 CHF = 0.923 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.417 CNY | 1 CNY = 0.156 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 5.914 CNY | 1 CNY = 0.169 CHF |
See what else happened on May 25, 2010