Financial news on May 27, 2010

Business and Financial news
2 Charged With Selling Insider Data From Disney

Two are accused of offering to sell confidential earnings information to more than 30 hedge funds in the United States and Europe. Read more..

By BROOKS BARNES - The New York Times

Dow Below 10,000 for First Time Since Feb. 8

Stocks gained ground on Wednesday morning, buoyed by better economic news on durable goods orders. But in the last hour of trading, the markets slipped, and for the first time in months, the Dow closed below 10,000. Read more..

By DEALBOOK - The New York Times

Dow Slides Below 10,000 for First Time Since Feb. 8

Market sentiment remained fragile as the air went out of a rally driven by investors seeking bargains. Read more..

By CHRISTINE HAUSER - The New York Times

Editing Photos on the Linux System

Using Ubuntu Linux to import and edit photos from a digital camera. Read more..

By J. D. BIERSDORFER - The New York Times

European Union Proposes Crisis Levy on Banks

A European Union official proposed Wednesday that member states tax banks to raise money for a fund that would be used specifically to manage future financial crises. Read more..

By DEALBOOK - The New York Times

Facebook’s Power, and Its Weakness

Facebook’s network is a weakness as well as a strength because it greatly amplifies the company’s problems. Read more..

By ROB COX and PETER THAL LARSEN - The New York Times

For Latest on Lindsay, Magazines Bow to the Phone

Mobile apps are giving gossip-hungry consumers the same photos and news as the glossy magazines, with less cost and less of a wait. Read more..

By BOB TEDESCHI - The New York Times

New Mexico’s New P.E. Investment Strategy

A state panel is revamping the investment strategy for New Mexico’s $13 billion in permanent funds, including moving more capital in private equity, among other shifts, in the hopes of ensuring they remain a stable source of financing for public education, The Associated Press reported. Read more..

By DEALBOOK - The New York Times

O.E.C.D. Sees Risks to Recovery From Europe and Asia

The threat of overheating in parts of Asia and Europe’s budget deficit woes are raising warning signs, the O.E.C.D. said Wednesday. Read more..

By MATTHEW SALTMARSH - The New York Times

UBS to Pay $2.2 Million in Michigan Settlement

Michigan said that UBS Securities and UBS Financial Services have agreed to pay about $2.2 million as part of a 2008 settlement related to the sale of auction-rate securities, The Associated Press 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 25.73 26.36 25.73 26.00 136M
Intel INTC 21.16 21.80 21.12 21.76 83.2M
General Electric GE 16.42 16.68 16.14 16.66 70.1M
Pfizer PFE 15.34 15.45 15.17 15.37 67M
Cisco Systems CSCO 23.39 23.68 23.02 23.67 59.8M
Wells Fargo & Co. WFC 28.71 29.48 28.50 29.41 48.9M
JPMorgan Chase JPM 39.58 40.49 39.40 40.42 44.8M
ExxonMobil XOM 60.50 61.55 60.10 61.46 31.9M
Merck MRK 32.92 33.67 32.78 33.62 30.6M
Johnson & Johnson JNJ 59.74 59.89 58.71 59.03 29.9M
Oracle Corp. ORCL 22.35 22.61 22.27 22.58 29.9M
AT&T Inc. T 24.41 24.66 24.25 24.63 27.6M
Altria MO 20.45 20.63 20.31 20.54 26.7M
Comcast CMCSA 17.99 18.34 17.91 18.33 26.1M
Apple AAPL 250.60 253.89 249.11 253.35 23.8M
Schlumberger SLB 60.58 61.08 58.60 60.02 20.6M
ConocoPhillips COP 50.90 52.23 50.31 52.21 20.3M
Verizon Communications VZ 27.22 27.59 27.01 27.58 18.7M
HP Inc. HPQ 46.37 47.09 46.35 46.94 17.9M
Abbott Laboratories ABT 47.85 48.13 47.26 47.87 16.8M
Gilead Sciences GILD 35.50 36.29 35.25 36.24 16.5M
Home Depot HD 34.51 34.68 34.18 34.55 16.4M
Walt Disney & Co. DIS 33.60 34.37 33.48 34.37 16.2M
Chevron CVX 73.13 74.36 72.30 74.36 15.3M
Procter & Gamble PG 60.88 61.17 60.61 60.95 15M
Wal-Mart Stores WMT 50.52 50.73 50.32 50.70 14M
Coca-Cola KO 50.61 51.25 50.26 51.23 11.3M
Bristol-Myers Squibb BMY 23.07 23.35 23.01 23.34 10.7M
Visa V 75.00 75.19 72.91 73.69 9.77M
McDonald's MCD 66.41 67.20 66.02 67.20 9.73M
Pepsico PEP 61.97 62.93 61.52 62.90 9.43M
International Business Machines IBM 125.05 126.39 124.77 126.39 7.73M
Boeing BA 64.86 65.23 63.91 65.13 7.44M
Amgen AMGN 51.03 51.45 50.66 51.43 7.33M
Berkshire Hathaway BRK.B 71.09 73.42 71.09 73.35 6.53M
UnitedHealth Group UNH 29.31 29.32 28.85 29.32 6.5M
Alphabet GOOGL 484.86 492.31 481.05 490.46 5.61M
Union Pacific UNP 70.20 71.55 70.20 71.55 5.08M
United Technologies UTX 67.34 68.11 66.99 68.11 5.08M
Amazon AMZN 124.98 126.85 120.60 126.70 4.75M
3M MMM 80.41 81.53 80.04 81.43 4.55M
Exchange Rates of May 27, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.940 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.050 CAD 1 CAD = 0.953 USD
US Dollar Swiss Franc 1 USD = 1.152 CHF 1 CHF = 0.868 USD
US Dollar Chinese Yuan 1 USD = 6.831 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 112.380 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.848 GBP 1 GBP = 1.179 EUR
Euro Australian Dollar 1 EUR = 1.452 AUD 1 AUD = 0.689 EUR
Euro Canadian Dollar 1 EUR = 1.296 CAD 1 CAD = 0.771 EUR
Euro Swiss Franc 1 EUR = 1.423 CHF 1 CHF = 0.703 EUR
Euro Chinese Yuan 1 EUR = 8.442 CNY 1 CNY = 0.118 EUR
Japanese Yen Pound Sterling 1 JPY = 0.755 GBP 1 GBP = 1.325 JPY
Japanese Yen Australian Dollar 1 JPY = 1.292 AUD 1 AUD = 0.774 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.154 CAD 1 CAD = 0.867 JPY
Japanese Yen Swiss Franc 1 JPY = 1.266 CHF 1 CHF = 0.790 JPY
Pound Sterling Australian Dollar 1 GBP = 1.712 AUD 1 AUD = 0.584 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.529 CAD 1 CAD = 0.654 GBP
Pound Sterling Swiss Franc 1 GBP = 1.677 CHF 1 CHF = 0.596 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.947 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.893 CAD 1 CAD = 1.120 AUD
Australian Dollar Swiss Franc 1 AUD = 0.980 CHF 1 CHF = 1.021 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.814 CNY 1 CNY = 0.172 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.096 CHF 1 CHF = 0.912 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.509 CNY 1 CNY = 0.154 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.929 CNY 1 CNY = 0.169 CHF

See what else happened on May 27, 2010