Financial news on May 26th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,3516,4915,9716,0183.3M
Cisco SystemsCSCO23,5623,7522,8422,8972.5M
Wells Fargo & Co.WFC29,2329,3427,7028,0462.4M
JPMorgan ChaseJPM39,1939,5038,4738,7850.7M
Oracle Corp.ORCL22,3222,6221,7521,9143.3M
AT&T Inc.T24,3124,4224,0224,1337.7M
Verizon CommunicationsVZ27,5127,5126,8026,9330M
Abbott LaboratoriesABT47,5648,0046,9447,1725.5M
Home DepotHD34,5534,9533,9334,0425.4M
Walt Disney & Co.DIS32,5133,8532,1433,0725.3M
Gilead SciencesGILD36,2136,7034,7834,8221.9M
HP Inc.HPQ46,2646,7545,5945,7221.6M
Wal-Mart StoresWMT50,3650,6050,0150,0219.1M
Johnson & JohnsonJNJ60,8360,8359,6559,6618.9M
Procter & GamblePG60,8761,2160,3360,4417.4M
Bristol-Myers SquibbBMY23,0323,0722,6422,7214.2M
UnitedHealth GroupUNH29,0529,5528,7728,799.61M
International Business MachinesIBM124,89125,94123,00123,239.08M
United TechnologiesUTX66,8267,7566,0066,156.56M
Union PacificUNP69,2171,3368,6770,125.43M
Berkshire HathawayBRK.B71,4871,4870,1670,325.41M
Exchange Rates of May 26th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89,970 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,070 CAD1 CAD = 0,934 USD
US DollarSwiss Franc1 USD = 1,160 CHF1 CHF = 0,862 USD
US DollarChinese Yuan1 USD = 6,829 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 109,380 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,846 GBP1 GBP = 1,182 EUR
EuroAustralian Dollar1 EUR = 1,478 AUD1 AUD = 0,677 EUR
EuroCanadian Dollar1 EUR = 1,302 CAD1 CAD = 0,768 EUR
EuroSwiss Franc1 EUR = 1,412 CHF1 CHF = 0,708 EUR
EuroChinese Yuan1 EUR = 8,302 CNY1 CNY = 0,120 EUR
Japanese YenPound Sterling1 JPY = 0,773 GBP1 GBP = 1,293 JPY
Japanese YenAustralian Dollar1 JPY = 1,352 AUD1 AUD = 0,740 JPY
Japanese YenCanadian Dollar1 JPY = 1,190 CAD1 CAD = 0,841 JPY
Japanese YenSwiss Franc1 JPY = 1,290 CHF1 CHF = 0,775 JPY
Pound SterlingAustralian Dollar1 GBP = 1,747 AUD1 AUD = 0,572 GBP
Pound SterlingCanadian Dollar1 GBP = 1,539 CAD1 CAD = 0,650 GBP
Pound SterlingSwiss Franc1 GBP = 1,669 CHF1 CHF = 0,599 GBP
Pound SterlingChinese Yuan1 GBP = 9,805 CNY1 CNY = 0,102 GBP
Australian DollarCanadian Dollar1 AUD = 0,880 CAD1 CAD = 1,136 AUD
Australian DollarSwiss Franc1 AUD = 0,955 CHF1 CHF = 1,048 AUD
Australian DollarChinese Yuan1 AUD = 5,611 CNY1 CNY = 0,178 AUD
Canadian DollarSwiss Franc1 CAD = 1,084 CHF1 CHF = 0,922 CAD
Canadian DollarChinese Yuan1 CAD = 6,375 CNY1 CNY = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 5,880 CNY1 CNY = 0,170 CHF

See what else happened on May 26th, 2010