Financial news on May 26, 2009

Business and Financial news
After Vote, Is It India’s Time to Shine?

After a decisive victory for the incumbent coalition, markets have been electrified by the prospect that political and policy continuity will allow India to start closing the development gap with China. Read more..

By ALAN WHEATLEY - International Herald Tribune

Four Big Banks Drop Appeal in Milan Case

UBS, Deutsche Bank, JPMorgan Chase and Depfa Bank have dropped an appeal against the seizure of $482 million of their assets amid an investigation of fraud. Read more..

By BLOOMBERG NEWS - The New York Times

In-Flight Entertainment That Begins With Wi-Fi

Airlines that are installing Wi-Fi systems aboard their aircraft may eventually use the equipment to provide passengers with programming to be viewed on laptops or smartphones. Read more..

By JOE SHARKEY - The New York Times

Just Another Beer? Not to Those in Laos on a Mission to Create a Global Buzz

Beer Lao is wildly popular in Laos, but its maker and fans want it to become much more well-known elsewhere. Read more..

By EMILY RAUHALA - The New York Times

Peace of Mind From a Whiff of Bleach

A professed germophobe wished airports and airplanes looked and smelled a whole lot cleaner. Read more..

By ALAN BRILL - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

Phone Carriers Take a Step to a Merger

The complex deal between Bharti Airtel and MTN Group would lead to the creation of the third-largest telecommunications company. Read more..

By HEATHER TIMMONS - The New York Times

Recession Imperils Loan Forgiveness Programs

Cutbacks in loan forgiveness programs could result in fewer students going into fields like teaching and nursing. Read more..

By JONATHAN D. GLATER - The New York Times

Shares Rise in Brazil, Canada and Europe

Several world indexes showed modest gains as United States markets were closed for Memorial Day. Read more..

By BLOOMBERG NEWS - The New York Times

Workers Approve More Cost Cuts at G.M. Canada

The Canadian Auto Workers reopened a contract reached last year after the federal and provincial governments said they would provide no financial aid without more cost cuts. Read more..

By IAN AUSTEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE13.0213.6112.8513.3995.9M
Wells Fargo & Co.WFC24.2325.7624.0825.6592.7M
JPMorgan ChaseJPM34.1236.5634.1236.5465.5M
Cisco SystemsCSCO17.6618.6717.6118.4948.7M
AT&T Inc.T23.8024.5723.6124.5132.5M
Oracle Corp.ORCL18.4619.2018.2819.0728.3M
Home DepotHD22.6723.9722.5823.8020.3M
HP Inc.HPQ33.8635.0733.7534.4720.1M
Wal-Mart StoresWMT49.1850.6649.1650.0017.3M
Bristol-Myers SquibbBMY20.0820.1419.8919.9016.4M
Walt Disney & Co.DIS23.4724.6123.3824.5416.3M
Abbott LaboratoriesABT44.2444.9143.6544.5715.6M
Verizon CommunicationsVZ28.6829.7328.6429.6312.9M
Johnson & JohnsonJNJ54.6955.4254.1255.2611.4M
Procter & GamblePG52.9454.1052.6753.7810.9M
UnitedHealth GroupUNH26.2127.4125.8627.1910.3M
Gilead SciencesGILD42.0042.9541.4742.477.88M
International Business MachinesIBM101.32105.63101.02105.027.21M
Union PacificUNP46.4248.8645.9047.906.04M
United TechnologiesUTX51.0453.0350.6452.745.33M
Berkshire HathawayBRK.B2901.002998.002890.502989.0048.3K
Exchange Rates of May 26, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.930 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.116 CAD1 CAD = 0.896 USD
US DollarSwiss Franc1 USD = 1.084 CHF1 CHF = 0.923 USD
US DollarChinese Yuan1 USD = 6.833 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.830 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.878 GBP1 GBP = 1.139 EUR
EuroAustralian Dollar1 EUR = 1.777 AUD1 AUD = 0.563 EUR
EuroCanadian Dollar1 EUR = 1.561 CAD1 CAD = 0.641 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 9.556 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.661 GBP1 GBP = 1.513 JPY
Japanese YenAustralian Dollar1 JPY = 1.338 AUD1 AUD = 0.748 JPY
Japanese YenCanadian Dollar1 JPY = 1.175 CAD1 CAD = 0.851 JPY
Japanese YenSwiss Franc1 JPY = 1.142 CHF1 CHF = 0.876 JPY
Pound SterlingAustralian Dollar1 GBP = 2.024 AUD1 AUD = 0.494 GBP
Pound SterlingCanadian Dollar1 GBP = 1.778 CAD1 CAD = 0.563 GBP
Pound SterlingSwiss Franc1 GBP = 1.726 CHF1 CHF = 0.579 GBP
Pound SterlingChinese Yuan1 GBP = 10.877 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.878 CAD1 CAD = 1.139 AUD
Australian DollarSwiss Franc1 AUD = 0.852 CHF1 CHF = 1.173 AUD
Australian DollarChinese Yuan1 AUD = 5.385 CNY1 CNY = 0.186 AUD
Canadian DollarSwiss Franc1 CAD = 0.971 CHF1 CHF = 1.030 CAD
Canadian DollarChinese Yuan1 CAD = 6.122 CNY1 CNY = 0.163 CAD
Swiss FrancChinese Yuan1 CHF = 6.302 CNY1 CNY = 0.159 CHF

See what else happened on May 26, 2009