Financial news on May 27th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,4216,6816,1416,6670.1M
Cisco SystemsCSCO23,3923,6823,0223,6759.8M
Wells Fargo & Co.WFC28,7129,4828,5029,4148.9M
JPMorgan ChaseJPM39,5840,4939,4040,4244.8M
Johnson & JohnsonJNJ59,7459,8958,7159,0329.9M
Oracle Corp.ORCL22,3522,6122,2722,5829.9M
AT&T Inc.T24,4124,6624,2524,6327.6M
Verizon CommunicationsVZ27,2227,5927,0127,5818.7M
HP Inc.HPQ46,3747,0946,3546,9417.9M
Abbott LaboratoriesABT47,8548,1347,2647,8716.8M
Gilead SciencesGILD35,5036,2935,2536,2416.5M
Home DepotHD34,5134,6834,1834,5516.4M
Walt Disney & Co.DIS33,6034,3733,4834,3716.2M
Procter & GamblePG60,8861,1760,6160,9515M
Wal-Mart StoresWMT50,5250,7350,3250,7014M
Bristol-Myers SquibbBMY23,0723,3523,0123,3410.7M
International Business MachinesIBM125,05126,39124,77126,397.73M
Berkshire HathawayBRK.B71,0973,4271,0973,356.53M
UnitedHealth GroupUNH29,3129,3228,8529,326.5M
Union PacificUNP70,2071,5570,2071,555.08M
United TechnologiesUTX67,3468,1166,9968,115.08M
Exchange Rates of May 27th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,940 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,050 CAD1 CAD = 0,953 USD
US DollarSwiss Franc1 USD = 1,152 CHF1 CHF = 0,868 USD
US DollarChinese Yuan1 USD = 6,831 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 112,380 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,848 GBP1 GBP = 1,179 EUR
EuroAustralian Dollar1 EUR = 1,452 AUD1 AUD = 0,689 EUR
EuroCanadian Dollar1 EUR = 1,296 CAD1 CAD = 0,771 EUR
EuroSwiss Franc1 EUR = 1,423 CHF1 CHF = 0,703 EUR
EuroChinese Yuan1 EUR = 8,442 CNY1 CNY = 0,118 EUR
Japanese YenPound Sterling1 JPY = 0,755 GBP1 GBP = 1,325 JPY
Japanese YenAustralian Dollar1 JPY = 1,292 AUD1 AUD = 0,774 JPY
Japanese YenCanadian Dollar1 JPY = 1,154 CAD1 CAD = 0,867 JPY
Japanese YenSwiss Franc1 JPY = 1,266 CHF1 CHF = 0,790 JPY
Pound SterlingAustralian Dollar1 GBP = 1,712 AUD1 AUD = 0,584 GBP
Pound SterlingCanadian Dollar1 GBP = 1,529 CAD1 CAD = 0,654 GBP
Pound SterlingSwiss Franc1 GBP = 1,677 CHF1 CHF = 0,596 GBP
Pound SterlingChinese Yuan1 GBP = 9,947 CNY1 CNY = 0,101 GBP
Australian DollarCanadian Dollar1 AUD = 0,893 CAD1 CAD = 1,120 AUD
Australian DollarSwiss Franc1 AUD = 0,980 CHF1 CHF = 1,021 AUD
Australian DollarChinese Yuan1 AUD = 5,814 CNY1 CNY = 0,172 AUD
Canadian DollarSwiss Franc1 CAD = 1,096 CHF1 CHF = 0,912 CAD
Canadian DollarChinese Yuan1 CAD = 6,509 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 5,929 CNY1 CNY = 0,169 CHF

See what else happened on May 27th, 2010