Financial news on May 26, 2010

Business and Financial news
Empty Desks May Slow Upturn in Real Estate

Before employers take on new office space, they need to fill their “shadow space” — desks and offices left vacant by layoffs in the recession. Read more..

By JULIE SATOW - The New York Times

Era of Austerity: European Nations Move to Pare Deficits

Fearful of becoming the next Greece, European governments are lining up to demonstrate to investors, who have long helped finance their spending, that an era of austerity has begun. Read more..

By DEALBOOK - The New York Times

Europe Pain May Impede U.S. Upturn

Though few experts expect another recession soon, many fear that Europe’s debt problems could cause the American recovery to be slower and more difficult. Read more..

By MICHAEL POWELL - The New York Times

Fink Worries About Europe, but Sees Euro Surviving

Laurence D. Fink, the chairman and chief executive of BlackRock, said that he’s frightened by the European sovereign debt crisis, but thinks the euro will survive. Read more..

By CYRUS SANATI - The New York Times

Morning Take-Out

Like a mechanic with a wrench in one hand, the steering wheel in the other, and one foot always on the gas, governments are trying to repair their economies without pulling over or slowing down. Read more..

By DEALBOOK - The New York Times

Profit Surges at Medtronic After a Rival Has Trouble

Medtronic captured about two-thirds of the American market share lost by Boston Scientific during its monthlong suspension of defibrillator sales. Read more..

By BLOOMBERG NEWS - The New York Times

Regulators Seek Global Capital Rule

Regulators are seeking to make the financial system safer while not harming the ability of banks to lend. Read more..

By BINYAMIN APPELBAUM - The New York Times

Russia Takes a Big Step Into Technology

American venture capitalists were invited to review a giant technology park near Moscow, part of a Russian effort to diversify the nation’s economy. Read more..

By ANDREW E. KRAMER - The New York Times

String of Suicides Continues at Electronics Supplier in China

A 19-year-old Foxconn employee was found dead, the ninth suicide this year at a factory operated by one of the world’s largest contract electronics manufacturers. Read more..

By DAVID BARBOZA - The New York Times

WaMu Shareholders Want to Investigate JPMorgan

Shareholders of bankrupt Washington Mutual asked a federal judge for permission to investigate JPMorgan Chase for its role in the failure of Washington Mutual Bank, Reuters reported. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26.23 26.61 24.56 25.01 177M
Pfizer PFE 15.11 15.41 15.00 15.11 92.2M
Intel INTC 21.10 21.50 20.70 20.70 85.7M
General Electric GE 16.35 16.49 15.97 16.01 83.3M
Cisco Systems CSCO 23.56 23.75 22.84 22.89 72.5M
Wells Fargo & Co. WFC 29.23 29.34 27.70 28.04 62.4M
JPMorgan Chase JPM 39.19 39.50 38.47 38.78 50.7M
Oracle Corp. ORCL 22.32 22.62 21.75 21.91 43.3M
Comcast CMCSA 17.76 18.46 17.65 17.72 42.4M
AT&T Inc. T 24.31 24.42 24.02 24.13 37.7M
ExxonMobil XOM 60.08 60.46 59.12 59.31 34M
Apple AAPL 250.08 252.13 243.75 244.11 30.4M
Verizon Communications VZ 27.51 27.51 26.80 26.93 30M
Merck MRK 31.98 32.85 31.84 32.42 26.3M
Abbott Laboratories ABT 47.56 48.00 46.94 47.17 25.5M
Home Depot HD 34.55 34.95 33.93 34.04 25.4M
Walt Disney & Co. DIS 32.51 33.85 32.14 33.07 25.3M
Altria MO 20.66 20.69 20.14 20.16 25.1M
Gilead Sciences GILD 36.21 36.70 34.78 34.82 21.9M
HP Inc. HPQ 46.26 46.75 45.59 45.72 21.6M
Wal-Mart Stores WMT 50.36 50.60 50.01 50.02 19.1M
Johnson & Johnson JNJ 60.83 60.83 59.65 59.66 18.9M
Procter & Gamble PG 60.87 61.21 60.33 60.44 17.4M
ConocoPhillips COP 50.25 50.69 49.40 49.57 17.4M
Schlumberger SLB 59.33 60.34 58.65 58.75 17.3M
Chevron CVX 73.19 73.50 71.44 71.55 16.9M
Coca-Cola KO 50.83 50.88 49.94 50.08 16.3M
Pepsico PEP 63.06 63.06 61.04 61.23 15.2M
Bristol-Myers Squibb BMY 23.03 23.07 22.64 22.72 14.2M
McDonald's MCD 67.89 68.06 66.00 66.01 11.5M
Visa V 74.14 75.19 73.36 73.40 11.1M
Amgen AMGN 52.44 52.44 50.32 50.36 11M
UnitedHealth Group UNH 29.05 29.55 28.77 28.79 9.61M
International Business Machines IBM 124.89 125.94 123.00 123.23 9.08M
Boeing BA 63.60 65.41 63.00 63.26 7.39M
Amazon AMZN 125.05 125.79 122.30 123.21 6.96M
Alphabet GOOGL 482.07 489.76 475.00 475.47 6.94M
United Technologies UTX 66.82 67.75 66.00 66.15 6.56M
Union Pacific UNP 69.21 71.33 68.67 70.12 5.43M
Berkshire Hathaway BRK.B 71.48 71.48 70.16 70.32 5.41M
3M MMM 80.00 80.69 79.03 79.17 4.72M
Exchange Rates of May 26, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.970 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.070 CAD 1 CAD = 0.934 USD
US Dollar Swiss Franc 1 USD = 1.160 CHF 1 CHF = 0.862 USD
US Dollar Chinese Yuan 1 USD = 6.829 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 109.380 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.846 GBP 1 GBP = 1.182 EUR
Euro Australian Dollar 1 EUR = 1.478 AUD 1 AUD = 0.677 EUR
Euro Canadian Dollar 1 EUR = 1.302 CAD 1 CAD = 0.768 EUR
Euro Swiss Franc 1 EUR = 1.412 CHF 1 CHF = 0.708 EUR
Euro Chinese Yuan 1 EUR = 8.302 CNY 1 CNY = 0.120 EUR
Japanese Yen Pound Sterling 1 JPY = 0.773 GBP 1 GBP = 1.293 JPY
Japanese Yen Australian Dollar 1 JPY = 1.352 AUD 1 AUD = 0.740 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.190 CAD 1 CAD = 0.841 JPY
Japanese Yen Swiss Franc 1 JPY = 1.290 CHF 1 CHF = 0.775 JPY
Pound Sterling Australian Dollar 1 GBP = 1.747 AUD 1 AUD = 0.572 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.539 CAD 1 CAD = 0.650 GBP
Pound Sterling Swiss Franc 1 GBP = 1.669 CHF 1 CHF = 0.599 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.805 CNY 1 CNY = 0.102 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.880 CAD 1 CAD = 1.136 AUD
Australian Dollar Swiss Franc 1 AUD = 0.955 CHF 1 CHF = 1.048 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.611 CNY 1 CNY = 0.178 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.084 CHF 1 CHF = 0.922 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.375 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.880 CNY 1 CNY = 0.170 CHF

See what else happened on May 26, 2010