Financial news on June 26th, 2009

Business and Financial news
2 G.M. Michigan Sites Said to Remain

The state apparently won a three-state battle to be the site where G.M. will build a new small car. Read more..

By NICK BUNKLEY - The New York Times

Auto Supplier Said to Prepare for Chapter 11

The company, one of the largest makers of car seats, is preparing to seek bankruptcy protection as soon as next week. Read more..

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

Bernanke Defends Role on Merrill

In testimony before a House committee, the Federal Reserve chief said he did not pressure bank management to complete the deal. Read more..

By EDMUND L. ANDREWS - The New York Times

Et Tu, AARP? Good Guys Cut 401(k)s, Too

The AARP saving cash by cutting the match to its 401(k) plan is akin to the Teamsters hiring nonunion labor. Read more..

By RON LIEBER - The New York Times

Hartmarx Wins Court’s Approval for a Sale

The bankrupt suit maker is to be sold to a British private equity firm, Emerisque Brands, though its biggest creditor, Wells Fargo, had argued that Emerisque’s original offer was too low. Read more..

By BLOOMBERG NEWS - The New York Times

In Brazil, Sun and Sand Beaches Lure Buyers to Recife

Despite the global downturn, an oceanfront district in the port city continues to see real estate prices hold firm. Read more..

By NICK FOSTER - International Herald Tribune

Mystery of Fake U.S. Bonds Fuels Web Theories

The Internet has been abuzz with theories about attempts to smuggle a purported $134.5 billion in government bearer bonds into Switzerland. Read more..


Obama and Congress Clash on How to Pay for Health Care

The president is unwilling to deepen the deficit, but House and Senate leaders do not like his proposals or one another’s. Read more..

By JACKIE CALMES - The New York Times

Senate Confirms New Chairman to Lead F.C.C.

Senators also approved Robert M. McDowell to serve a second term on the Federal Communications Commission. Two more nominees remain unconfirmed. Read more..

By BLOOMBERG NEWS - The New York Times

With Vote on F-22 Jet, Panel Defies Veto Threat

White House aides are expected to pressure Congress to support budget cuts that the Defense secretary announced in April. Read more..

By CHRISTOPHER DREW - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE11.9012.0011.7011.7568.1M
Wells Fargo & Co.WFC23.7424.0823.5023.8762.7M
Cisco SystemsCSCO18.9219.1618.8518.9147.2M
JPMorgan ChaseJPM33.8834.7433.4834.4546.7M
Oracle Corp.ORCL21.5421.5421.1521.2437M
Johnson & JohnsonJNJ56.2156.6055.6556.6032.3M
Procter & GamblePG51.4652.0351.0551.7525.1M
HP Inc.HPQ38.1138.3237.5337.6123M
Wal-Mart StoresWMT49.0449.0648.4348.6320.5M
AT&T Inc.T24.7724.9024.6124.8219.9M
Home DepotHD23.4724.0623.4223.6118.9M
Bristol-Myers SquibbBMY20.8821.0020.5820.9617.3M
Abbott LaboratoriesABT47.8848.1347.2947.4317.1M
UnitedHealth GroupUNH24.9325.2424.5524.7715.6M
United TechnologiesUTX51.7452.0851.1951.5512.3M
Walt Disney & Co.DIS23.4223.5623.1523.4312.1M
Verizon CommunicationsVZ31.0031.1230.7530.9911.7M
Union PacificUNP52.9353.5552.4153.307.44M
Gilead SciencesGILD47.0747.7347.0747.527.2M
International Business MachinesIBM106.50106.50105.05105.685.13M
Berkshire HathawayBRK.B2800.002819.002795.002801.0020.7K
Exchange Rates of June 26th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.130 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.153 CAD1 CAD = 0.867 USD
US DollarSwiss Franc1 USD = 1.084 CHF1 CHF = 0.923 USD
US DollarChinese Yuan1 USD = 6.834 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 133.910 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.851 GBP1 GBP = 1.175 EUR
EuroAustralian Dollar1 EUR = 1.740 AUD1 AUD = 0.575 EUR
EuroCanadian Dollar1 EUR = 1.619 CAD1 CAD = 0.618 EUR
EuroSwiss Franc1 EUR = 1.522 CHF1 CHF = 0.657 EUR
EuroChinese Yuan1 EUR = 9.605 CNY1 CNY = 0.104 EUR
Japanese YenPound Sterling1 JPY = 0.636 GBP1 GBP = 1.574 JPY
Japanese YenAustralian Dollar1 JPY = 1.300 AUD1 AUD = 0.769 JPY
Japanese YenCanadian Dollar1 JPY = 1.210 CAD1 CAD = 0.826 JPY
Japanese YenSwiss Franc1 JPY = 1.138 CHF1 CHF = 0.879 JPY
Pound SterlingAustralian Dollar1 GBP = 2.050 AUD1 AUD = 0.488 GBP
Pound SterlingCanadian Dollar1 GBP = 1.905 CAD1 CAD = 0.525 GBP
Pound SterlingSwiss Franc1 GBP = 1.789 CHF1 CHF = 0.559 GBP
Australian DollarCanadian Dollar1 AUD = 0.931 CAD1 CAD = 1.075 AUD
Australian DollarSwiss Franc1 AUD = 0.875 CHF1 CHF = 1.143 AUD
Australian DollarChinese Yuan1 AUD = 5.519 CNY1 CNY = 0.181 AUD
Canadian DollarSwiss Franc1 CAD = 0.940 CHF1 CHF = 1.064 CAD
Canadian DollarChinese Yuan1 CAD = 5.925 CNY1 CNY = 0.169 CAD
Swiss FrancChinese Yuan1 CHF = 6.307 CNY1 CNY = 0.159 CHF

See what else happened on June 26th, 2009