Financial news on May 28th, 2008
Business and Financial news
As housing prices slowly come back to reality, buying has again started to make sense for more people. Read more..
The Brazilian billionaire Eike Batista, below, is planning a 5.59 billion real ($3.37 billion) initial public offering of OGX Petroleo e Gas Participacoes. Read more..
Coors Light is extending its presence in the new media with efforts on the social networking Web sites Facebook and MySpace. Read more..
The home-buying season is shaping up to be even worse than expected, with few signs of a turnaround. Read more..
While the number of hotel deals during the first quarter plummeted by more than 40 percent, some hotel industry experts see fire sales on the horizon. Read more..
At Société Générale’s annual meeting, several investors called for the resignation of the chairman, Daniel Bouton, and accused management of transforming the bank into a casino. Read more..
A measure asks residents to give the go-ahead to turn 496 acres into a neighborhood of homes, research and office buildings, retail space and a new stadium. Read more..
The deal frees Internet brokers and other real-estate agents offering heavily discounted commissions to operate on a level playing field with traditional brokers. Read more..
After rewriting the rulebook at the Federal Reserve, Ben S. Bernanke appears to have quieted many of his critics. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
General Electric | GE | 30.55 | 30.68 | 30.21 | 30.55 | 63.4M |
Microsoft | MSFT | 28.56 | 28.57 | 28.04 | 28.18 | 52.3M |
Intel | INTC | 23.80 | 23.81 | 23.14 | 23.47 | 50.3M |
Cisco Systems | CSCO | 26.00 | 26.04 | 25.32 | 25.54 | 45.7M |
Pfizer | PFE | 19.42 | 19.47 | 19.16 | 19.30 | 43.5M |
Wells Fargo & Co. | WFC | 27.71 | 27.87 | 26.63 | 27.47 | 39.7M |
JPMorgan Chase | JPM | 43.39 | 43.43 | 41.90 | 42.86 | 31.7M |
Oracle Corp. | ORCL | 22.80 | 22.95 | 22.64 | 22.79 | 26.8M |
Apple | AAPL | 187.49 | 187.95 | 183.72 | 187.01 | 26.6M |
ExxonMobil | XOM | 89.10 | 90.58 | 88.88 | 90.43 | 22.3M |
AT&T Inc. | T | 39.01 | 39.54 | 39.01 | 39.51 | 22.1M |
Wal-Mart Stores | WMT | 56.91 | 57.24 | 56.56 | 57.09 | 20.4M |
ConocoPhillips | COP | 90.01 | 92.56 | 89.86 | 92.56 | 18.3M |
HP Inc. | HPQ | 46.00 | 46.65 | 45.94 | 46.52 | 17.9M |
UnitedHealth Group | UNH | 34.93 | 35.24 | 34.21 | 34.23 | 15.4M |
Johnson & Johnson | JNJ | 65.19 | 65.31 | 64.64 | 64.88 | 14.8M |
Comcast | CMCSA | 21.93 | 21.99 | 21.51 | 21.74 | 14.6M |
Walt Disney & Co. | DIS | 33.66 | 34.15 | 33.66 | 33.86 | 14.2M |
Altria | MO | 22.68 | 22.70 | 22.01 | 22.33 | 13.7M |
Visa | V | 80.29 | 81.95 | 79.55 | 81.92 | 13.2M |
Home Depot | HD | 27.67 | 27.85 | 27.22 | 27.43 | 13.2M |
Coca-Cola | KO | 58.84 | 58.84 | 57.34 | 57.44 | 12M |
Merck | MRK | 38.80 | 38.86 | 38.23 | 38.66 | 11.8M |
Verizon Communications | VZ | 37.45 | 37.88 | 37.29 | 37.77 | 11.7M |
Bristol-Myers Squibb | BMY | 22.02 | 22.19 | 21.78 | 22.09 | 11M |
Chevron | CVX | 98.86 | 100.58 | 98.57 | 100.42 | 10.5M |
Procter & Gamble | PG | 65.32 | 65.42 | 64.76 | 64.87 | 10.2M |
International Business Machines | IBM | 127.50 | 129.54 | 126.99 | 129.54 | 9.88M |
Abbott Laboratories | ABT | 54.83 | 54.83 | 53.75 | 54.10 | 9.73M |
Alphabet | GOOGL | 567.96 | 571.49 | 561.10 | 568.24 | 8.09M |
Amgen | AMGN | 42.62 | 42.88 | 42.47 | 42.82 | 7.62M |
Schlumberger | SLB | 100.07 | 103.00 | 98.85 | 102.89 | 6.92M |
Amazon | AMZN | 80.54 | 80.79 | 78.99 | 80.08 | 6.7M |
Union Pacific | UNP | 158.85 | 159.00 | 156.24 | 157.58 | 6.62M |
Pepsico | PEP | 69.00 | 69.00 | 67.80 | 67.93 | 6.48M |
McDonald's | MCD | 58.37 | 59.05 | 58.35 | 58.69 | 5.48M |
United Technologies | UTX | 71.03 | 71.22 | 69.73 | 70.23 | 4.96M |
Gilead Sciences | GILD | 53.70 | 53.81 | 53.12 | 53.57 | 4.7M |
Boeing | BA | 83.25 | 83.25 | 81.08 | 82.13 | 4.14M |
3M | MMM | 76.34 | 77.01 | 76.31 | 76.90 | 3.68M |
Berkshire Hathaway | BRK.B | 4295.00 | 4340.00 | 4273.00 | 4338.00 | 47K |
Exchange Rates of May 28th, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 104.670 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 0.990 CAD | 1 CAD = 1.011 USD |
US Dollar | Swiss Franc | 1 USD = 1.037 CHF | 1 CHF = 0.964 USD |
US Dollar | Chinese Yuan | 1 USD = 6.944 CNY | 1 CNY = 0.144 USD |
Euro | Japanese Yen | 1 EUR = 163.780 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.790 GBP | 1 GBP = 1.266 EUR |
Euro | Australian Dollar | 1 EUR = 1.626 AUD | 1 AUD = 0.615 EUR |
Euro | Canadian Dollar | 1 EUR = 1.548 CAD | 1 CAD = 0.646 EUR |
Euro | Swiss Franc | 1 EUR = 1.623 CHF | 1 CHF = 0.616 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.482 GBP | 1 GBP = 2.074 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0.992 AUD | 1 AUD = 1.008 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.945 CAD | 1 CAD = 1.058 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.991 CHF | 1 CHF = 1.009 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.058 AUD | 1 AUD = 0.486 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.959 CAD | 1 CAD = 0.510 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.054 CHF | 1 CHF = 0.487 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.952 CAD | 1 CAD = 1.051 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.998 CHF | 1 CHF = 1.002 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.048 CHF | 1 CHF = 0.954 CAD |
See what else happened on May 28th, 2008