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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 13.02 13.61 12.85 13.39 95.9M
Wells Fargo & Co. WFC 24.23 25.76 24.08 25.65 92.7M
JPMorgan Chase JPM 34.12 36.56 34.12 36.54 65.5M
Intel INTC 15.01 15.51 15.00 15.48 64.3M
Pfizer PFE 14.90 15.18 14.73 15.02 49.8M
Cisco Systems CSCO 17.66 18.67 17.61 18.49 48.7M
Microsoft MSFT 19.54 20.45 19.45 20.34 45M
AT&T Inc. T 23.80 24.57 23.61 24.51 32.5M
ExxonMobil XOM 68.39 69.95 67.91 69.81 29.4M
Oracle Corp. ORCL 18.46 19.20 18.28 19.07 28.3M
Apple AAPL 124.76 130.83 124.55 130.78 22.7M
Comcast CMCSA 14.02 14.87 13.98 14.68 21M
Home Depot HD 22.67 23.97 22.58 23.80 20.3M
HP Inc. HPQ 33.86 35.07 33.75 34.47 20.1M
Wal-Mart Stores WMT 49.18 50.66 49.16 50.00 17.3M
Bristol-Myers Squibb BMY 20.08 20.14 19.89 19.90 16.4M
Walt Disney & Co. DIS 23.47 24.61 23.38 24.54 16.3M
Merck MRK 26.00 26.60 25.66 26.56 15.9M
Abbott Laboratories ABT 44.24 44.91 43.65 44.57 15.6M
Coca-Cola KO 47.00 47.48 46.88 47.21 14.4M
ConocoPhillips COP 44.00 45.15 43.70 45.03 13.3M
Altria MO 16.64 16.99 16.59 16.92 12.9M
Verizon Communications VZ 28.68 29.73 28.64 29.63 12.9M
McDonald's MCD 56.97 58.92 56.78 58.84 12.3M
Chevron CVX 63.81 65.66 63.57 65.66 12M
Johnson & Johnson JNJ 54.69 55.42 54.12 55.26 11.4M
Procter & Gamble PG 52.94 54.10 52.67 53.78 10.9M
UnitedHealth Group UNH 26.21 27.41 25.86 27.19 10.3M
Schlumberger SLB 51.25 54.08 50.64 53.92 9.91M
Pepsico PEP 51.01 51.69 50.91 51.28 8.84M
Gilead Sciences GILD 42.00 42.95 41.47 42.47 7.88M
International Business Machines IBM 101.32 105.63 101.02 105.02 7.21M
Amazon AMZN 75.03 78.48 74.55 78.39 6.7M
Amgen AMGN 48.36 50.43 48.20 50.33 6.68M
Alphabet GOOGL 391.95 405.00 390.00 404.36 6.2M
Union Pacific UNP 46.42 48.86 45.90 47.90 6.04M
United Technologies UTX 51.04 53.03 50.64 52.74 5.33M
Visa V 65.79 66.89 65.28 66.77 5.14M
Boeing BA 42.61 44.33 42.52 44.16 4.72M
3M MMM 55.95 58.08 55.34 57.91 4.14M
Berkshire Hathaway BRK.B 2901.00 2998.00 2890.50 2989.00 48.3K
Exchange Rates of May 26, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 94.930 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.116 CAD 1 CAD = 0.896 USD
US Dollar Swiss Franc 1 USD = 1.084 CHF 1 CHF = 0.923 USD
US Dollar Chinese Yuan 1 USD = 6.833 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 132.830 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.878 GBP 1 GBP = 1.139 EUR
Euro Australian Dollar 1 EUR = 1.777 AUD 1 AUD = 0.563 EUR
Euro Canadian Dollar 1 EUR = 1.561 CAD 1 CAD = 0.641 EUR
Euro Swiss Franc 1 EUR = 1.516 CHF 1 CHF = 0.660 EUR
Euro Chinese Yuan 1 EUR = 9.556 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.661 GBP 1 GBP = 1.513 JPY
Japanese Yen Australian Dollar 1 JPY = 1.338 AUD 1 AUD = 0.748 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.175 CAD 1 CAD = 0.851 JPY
Japanese Yen Swiss Franc 1 JPY = 1.142 CHF 1 CHF = 0.876 JPY
Pound Sterling Australian Dollar 1 GBP = 2.024 AUD 1 AUD = 0.494 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.778 CAD 1 CAD = 0.563 GBP
Pound Sterling Swiss Franc 1 GBP = 1.726 CHF 1 CHF = 0.579 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.877 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.878 CAD 1 CAD = 1.139 AUD
Australian Dollar Swiss Franc 1 AUD = 0.852 CHF 1 CHF = 1.173 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.385 CNY 1 CNY = 0.186 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.971 CHF 1 CHF = 1.030 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.122 CNY 1 CNY = 0.163 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.302 CNY 1 CNY = 0.159 CHF

See what else happened on May 26, 2009