Financial news on February 27, 2009

Business and Financial news
Debt Tests Canadian Media Company

CanWest Global Communications may soon be nearing default on its crushing debt load and possibly facing bankruptcy. Read more..

By IAN AUSTEN - The New York Times

Failing Upward at the Fed

Congress appears ready to expand the Fed’s regulatory brief, even though the bank was blindsided by the current crisis. Read more..

By FLOYD NORRIS - The New York Times

F.B.I. Arrests Stanford Executive

Laura Pendergest-Holt, Stanford Financial’s chief investment officer, was charged with obstructing a proceeding before a federal agency. Read more..

By CLIFFORD KRAUSS - The New York Times

Google Puts Small Ads on Pages of News Site

Newspapers, already reeling from advertising revenue losses, are wary of Google’s latest move. Read more..

By MIGUEL HELFT and BRIAN STELTER - The New York Times

In Trial, Drug Eases a Symptom of MS

The results could lead to approval of the first drug to treat a specific symptom of the disease. Read more..

By ANDREW POLLACK - The New York Times

Months In, Insurers Ask Whether Aid Is on Its Way

Though they were led to believe that the second wave of money released by the Treasury would help some of them, insurers are now uncertain what if any relief might come their way. Read more..

By MARY WILLIAMS WALSH - The New York Times

Rocky Mountain News Fails to Find Buyer and Will Close

The newspaper’s owner, E.W. Scripps, said that its search for a buyer for The News was unsuccessful and that it will publish its last edition on Friday. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Spreading Pain in A.I.G.’s Bailout

The government needs to get tough with the insurer American International Group, as its hopes of selling some of its assets are fading and the government may be considering more aid. Read more..

By LAUREN SILVA LAUGHLIN and RICHARD BEALES - The New York Times

U.S. Agrees to Raise Its Stake in Citigroup

The Treasury Department said it would vastly increase its ownership of the struggling company. Read more..

By ERIC DASH - The New York Times

Wilbert Tatum, Activist Editor, Dies at 76

Mr. Tatum was the often provocative former publisher and editor of The New York Amsterdam News, the oldest and best-known of the city’s black newspapers. Read more..

By DENNIS HEVESI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE8,609,208,408,51321M
Wells Fargo & Co.WFC12,5414,8311,8712,10187M
JPMorgan ChaseJPM21,6423,6021,5522,85110M
PfizerPFE12,4412,5812,2812,31100M
MicrosoftMSFT16,2916,5216,1016,1593.4M
Cisco SystemsCSCO14,3014,8214,3014,5776.7M
IntelINTC12,5113,1412,4912,7469.8M
ExxonMobilXOM69,7970,2367,9067,9064.9M
Oracle Corp.ORCL15,5015,8315,4115,5452.3M
Abbott LaboratoriesABT49,3349,6647,2447,3440.4M
HP Inc.HPQ29,7229,9628,9529,0339.3M
AT&T Inc.T23,4324,1423,3323,7737.7M
MerckMRK25,6425,7824,1724,2032.5M
Johnson & JohnsonJNJ51,5952,0049,9450,0029.9M
Wal-Mart StoresWMT47,8750,0047,5849,2428.2M
AltriaMO15,0015,5914,9015,4427.4M
Bristol-Myers SquibbBMY18,8019,0418,3818,4126.8M
ComcastCMCSA13,2913,5512,9913,0625.7M
AppleAAPL87,9191,3087,6789,3125.2M
Verizon CommunicationsVZ28,2629,0628,1328,5324.8M
Home DepotHD20,1721,2820,1720,8923.3M
ConocoPhillipsCOP37,5238,7836,9537,3522.5M
International Business MachinesIBM88,0193,2888,0192,0321.3M
Procter & GamblePG48,6649,1147,7648,1720.7M
ChevronCVX61,7562,7660,5760,7120.5M
AmgenAMGN50,1351,0148,7848,9319.9M
UnitedHealth GroupUNH20,1920,6019,4219,6519.8M
Walt Disney & Co.DIS16,6817,1316,4216,7718.6M
Coca-ColaKO40,9641,3040,4540,8517.7M
Gilead SciencesGILD46,0047,0744,7844,8016M
SchlumbergerSLB37,1139,4436,6838,0614.4M
McDonald'sMCD51,5052,9251,5052,2513.4M
United TechnologiesUTX40,6141,3540,1040,8313M
VisaV55,0057,9055,0056,7111.8M
BoeingBA32,3032,3731,4031,4411.8M
AmazonAMZN61,2765,0860,9464,7911.5M
AlphabetGOOGL332,95343,82331,11337,9910.8M
PepsicoPEP49,1949,6348,1448,149.24M
3MMMM45,6546,3745,1745,466.91M
Union PacificUNP36,8238,7536,0537,526.37M
Berkshire HathawayBRK.B2410,002599,002365,002564,0096.3K
Exchange Rates of February 27, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97,560 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,275 CAD1 CAD = 0,784 USD
US DollarSwiss Franc1 USD = 1,169 CHF1 CHF = 0,855 USD
US DollarChinese Yuan1 USD = 6,840 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 123,590 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,885 GBP1 GBP = 1,130 EUR
EuroAustralian Dollar1 EUR = 1,983 AUD1 AUD = 0,504 EUR
EuroCanadian Dollar1 EUR = 1,616 CAD1 CAD = 0,619 EUR
EuroSwiss Franc1 EUR = 1,482 CHF1 CHF = 0,675 EUR
EuroChinese Yuan1 EUR = 8,668 CNY1 CNY = 0,115 EUR
Japanese YenPound Sterling1 JPY = 0,716 GBP1 GBP = 1,397 JPY
Japanese YenAustralian Dollar1 JPY = 1,603 AUD1 AUD = 0,624 JPY
Japanese YenCanadian Dollar1 JPY = 1,307 CAD1 CAD = 0,765 JPY
Japanese YenSwiss Franc1 JPY = 1,199 CHF1 CHF = 0,834 JPY
Pound SterlingAustralian Dollar1 GBP = 2,241 AUD1 AUD = 0,446 GBP
Pound SterlingCanadian Dollar1 GBP = 1,825 CAD1 CAD = 0,548 GBP
Pound SterlingSwiss Franc1 GBP = 1,674 CHF1 CHF = 0,597 GBP
Pound SterlingChinese Yuan1 GBP = 9,780 CNY1 CNY = 0,102 GBP
Australian DollarCanadian Dollar1 AUD = 0,814 CAD1 CAD = 1,228 AUD
Australian DollarSwiss Franc1 AUD = 0,746 CHF1 CHF = 1,341 AUD
Australian DollarChinese Yuan1 AUD = 4,370 CNY1 CNY = 0,229 AUD
Canadian DollarSwiss Franc1 CAD = 0,916 CHF1 CHF = 1,092 CAD
Canadian DollarChinese Yuan1 CAD = 5,366 CNY1 CNY = 0,186 CAD
Swiss FrancChinese Yuan1 CHF = 5,843 CNY1 CNY = 0,171 CHF

See what else happened on February 27, 2009