Financial news on May 27th, 2009

Business and Financial news
AT&T May Have Swayed ‘Idol’ Results

Representatives provided free text-messaging services at parties organized by fans of Kris Allen after the final performance episode of “American Idol” last week. Read more..

By EDWARD WYATT - The New York Times

Big Oil Warms to Ethanol and Biofuel Companies

With demand for gasoline, and the ethanol that goes into it, expected to rise, oil companies are trying to benefit. Read more..

By CLIFFORD KRAUSS - The New York Times

Don’t Quit That Kindle Just Yet

One step beyond the Kindle, the new, smaller Cool-er book reader has a removable battery, and one charge is good for 8,000 page turns. What could be wrong? Read more..

By DAVID POGUE - The New York Times

European Union Looks to Tighten Banking Supervision

The commission paper, to be published Wednesday, plays down the idea of a single European “super-regulator,” and favors a more incremental approach. Read more..

By STEPHEN CASTLE - The New York Times

Financial Careers Come at a Cost to Families

Among elite white-collar fields, finance appears to be hardest for achieving a balance between work and family. Read more..

By DAVID LEONHARDT - The New York Times

Hedge Funds Agree to Return $235 Million in Madoff Case

The deal requires two hedge funds operated by Banco Santander to return 85 percent of the money they withdrew in the 90 days before the fraud surfaced. Read more..

By DIANA B. HENRIQUES - The New York Times

Levi’s Adopts a Tie-In With a Gay Marriage Symbol

In 20 company-owned stores, mannequins display White Knot ribbons, part of a campaign created by a California digital media consultant. Read more..

By ARI KARPEL - The New York Times

Stocks of Retailers Surge on Consumer Optimism

Every sector of the Standard & Poor’s 500-stock index was higher, led by financial stocks and consumer-focused companies. Read more..

By JACK HEALY - The New York Times

U.S. Expected to Own 70% of Restructured G.M.

The United Automobile Workers would hold up to 20 percent of General Motors through its retiree health care fund, and shareholders would be virtually wiped out. Read more..


What Is Facebook Actually Worth?

A Russian Internet investment group is plugging $200 million into the company for about a 2 percent stake. By that arithmetic, Facebook would be worth $10 billion. Read more..

By ROB COX and PIERRE BRIANÇON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25.8525.9024.0524.08110M
General ElectricGE13.4713.5012.8612.99107M
JPMorgan ChaseJPM36.5036.7234.6634.6676.4M
Cisco SystemsCSCO18.4118.7118.1118.2240M
Oracle Corp.ORCL18.9819.4518.9118.9927.6M
AT&T Inc.T24.4424.7523.9724.0725.9M
Home DepotHD23.9024.2123.2123.3318.5M
Wal-Mart StoresWMT50.2450.8249.2549.3217.5M
HP Inc.HPQ34.5035.2534.2534.3416.8M
Walt Disney & Co.DIS24.4424.7223.7723.8715M
Bristol-Myers SquibbBMY20.0020.1119.4919.5214.8M
Procter & GamblePG53.7253.7851.5851.7814.5M
Verizon CommunicationsVZ29.6529.6928.8728.9513.7M
Johnson & JohnsonJNJ55.4455.5054.1654.2212.5M
Abbott LaboratoriesABT44.5044.7444.2844.3912.4M
Gilead SciencesGILD42.7142.7341.3141.448.53M
UnitedHealth GroupUNH26.9527.8526.9127.497.6M
Union PacificUNP47.7948.1045.2245.317.39M
International Business MachinesIBM104.34105.17102.91102.937.12M
United TechnologiesUTX52.8453.2051.4351.444.97M
Berkshire HathawayBRK.B2948.503008.502911.002933.0030.1K
Exchange Rates of May 27th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.270 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.122 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.093 CHF1 CHF = 0.915 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 131.820 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.866 GBP1 GBP = 1.154 EUR
EuroAustralian Dollar1 EUR = 1.781 AUD1 AUD = 0.561 EUR
EuroCanadian Dollar1 EUR = 1.552 CAD1 CAD = 0.644 EUR
EuroSwiss Franc1 EUR = 1.512 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 9.451 CNY1 CNY = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.657 GBP1 GBP = 1.522 JPY
Japanese YenAustralian Dollar1 JPY = 1.351 AUD1 AUD = 0.740 JPY
Japanese YenCanadian Dollar1 JPY = 1.177 CAD1 CAD = 0.849 JPY
Japanese YenSwiss Franc1 JPY = 1.147 CHF1 CHF = 0.872 JPY
Pound SterlingAustralian Dollar1 GBP = 2.055 AUD1 AUD = 0.487 GBP
Pound SterlingCanadian Dollar1 GBP = 1.791 CAD1 CAD = 0.558 GBP
Pound SterlingSwiss Franc1 GBP = 1.744 CHF1 CHF = 0.574 GBP
Pound SterlingChinese Yuan1 GBP = 10.892 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.871 CAD1 CAD = 1.148 AUD
Australian DollarSwiss Franc1 AUD = 0.848 CHF1 CHF = 1.179 AUD
Australian DollarChinese Yuan1 AUD = 5.304 CNY1 CNY = 0.189 AUD
Canadian DollarSwiss Franc1 CAD = 0.974 CHF1 CHF = 1.027 CAD
Canadian DollarChinese Yuan1 CAD = 6.092 CNY1 CNY = 0.164 CAD
Swiss FrancChinese Yuan1 CHF = 6.252 CNY1 CNY = 0.160 CHF

See what else happened on May 27th, 2009