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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 8.60 9.20 8.40 8.51 321M
Wells Fargo & Co. WFC 12.54 14.83 11.87 12.10 187M
JPMorgan Chase JPM 21.64 23.60 21.55 22.85 110M
Pfizer PFE 12.44 12.58 12.28 12.31 100M
Microsoft MSFT 16.29 16.52 16.10 16.15 93.4M
Cisco Systems CSCO 14.30 14.82 14.30 14.57 76.7M
Intel INTC 12.51 13.14 12.49 12.74 69.8M
ExxonMobil XOM 69.79 70.23 67.90 67.90 64.9M
Oracle Corp. ORCL 15.50 15.83 15.41 15.54 52.3M
Abbott Laboratories ABT 49.33 49.66 47.24 47.34 40.4M
HP Inc. HPQ 29.72 29.96 28.95 29.03 39.3M
AT&T Inc. T 23.43 24.14 23.33 23.77 37.7M
Merck MRK 25.64 25.78 24.17 24.20 32.5M
Johnson & Johnson JNJ 51.59 52.00 49.94 50.00 29.9M
Wal-Mart Stores WMT 47.87 50.00 47.58 49.24 28.2M
Altria MO 15.00 15.59 14.90 15.44 27.4M
Bristol-Myers Squibb BMY 18.80 19.04 18.38 18.41 26.8M
Comcast CMCSA 13.29 13.55 12.99 13.06 25.7M
Apple AAPL 87.91 91.30 87.67 89.31 25.2M
Verizon Communications VZ 28.26 29.06 28.13 28.53 24.8M
Home Depot HD 20.17 21.28 20.17 20.89 23.3M
ConocoPhillips COP 37.52 38.78 36.95 37.35 22.5M
International Business Machines IBM 88.01 93.28 88.01 92.03 21.3M
Procter & Gamble PG 48.66 49.11 47.76 48.17 20.7M
Chevron CVX 61.75 62.76 60.57 60.71 20.5M
Amgen AMGN 50.13 51.01 48.78 48.93 19.9M
UnitedHealth Group UNH 20.19 20.60 19.42 19.65 19.8M
Walt Disney & Co. DIS 16.68 17.13 16.42 16.77 18.6M
Coca-Cola KO 40.96 41.30 40.45 40.85 17.7M
Gilead Sciences GILD 46.00 47.07 44.78 44.80 16M
Schlumberger SLB 37.11 39.44 36.68 38.06 14.4M
McDonald's MCD 51.50 52.92 51.50 52.25 13.4M
United Technologies UTX 40.61 41.35 40.10 40.83 13M
Visa V 55.00 57.90 55.00 56.71 11.8M
Boeing BA 32.30 32.37 31.40 31.44 11.8M
Amazon AMZN 61.27 65.08 60.94 64.79 11.5M
Alphabet GOOGL 332.95 343.82 331.11 337.99 10.8M
Pepsico PEP 49.19 49.63 48.14 48.14 9.24M
3M MMM 45.65 46.37 45.17 45.46 6.91M
Union Pacific UNP 36.82 38.75 36.05 37.52 6.37M
Berkshire Hathaway BRK.B 2410.00 2599.00 2365.00 2564.00 96.3K
Exchange Rates of February 27, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.560 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.275 CAD 1 CAD = 0.784 USD
US Dollar Swiss Franc 1 USD = 1.169 CHF 1 CHF = 0.855 USD
US Dollar Chinese Yuan 1 USD = 6.840 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 123.590 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.885 GBP 1 GBP = 1.130 EUR
Euro Australian Dollar 1 EUR = 1.983 AUD 1 AUD = 0.504 EUR
Euro Canadian Dollar 1 EUR = 1.616 CAD 1 CAD = 0.619 EUR
Euro Swiss Franc 1 EUR = 1.482 CHF 1 CHF = 0.675 EUR
Euro Chinese Yuan 1 EUR = 8.668 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.716 GBP 1 GBP = 1.397 JPY
Japanese Yen Australian Dollar 1 JPY = 1.603 AUD 1 AUD = 0.624 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.307 CAD 1 CAD = 0.765 JPY
Japanese Yen Swiss Franc 1 JPY = 1.199 CHF 1 CHF = 0.834 JPY
Pound Sterling Australian Dollar 1 GBP = 2.241 AUD 1 AUD = 0.446 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.825 CAD 1 CAD = 0.548 GBP
Pound Sterling Swiss Franc 1 GBP = 1.674 CHF 1 CHF = 0.597 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.780 CNY 1 CNY = 0.102 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.814 CAD 1 CAD = 1.228 AUD
Australian Dollar Swiss Franc 1 AUD = 0.746 CHF 1 CHF = 1.341 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.370 CNY 1 CNY = 0.229 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.916 CHF 1 CHF = 1.092 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.366 CNY 1 CNY = 0.186 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.843 CNY 1 CNY = 0.171 CHF

See what else happened on February 27, 2009