Financial news on May 28th, 2010
Business and Financial news
The clothing chain’s new campaign still features its chief executive, George A. Zimmer, but company’s new commercials are also giving prominent roles to actors. Read more..
The arrival of a massive dredger to cut a deep-water channel for a planned container port has raised fears that toxic residues, long buried in the riverbed, could be released back into the water. Read more..
A positive mood on Wall Street carried over to Asia on Friday, making for a third straight day of gains in the region despite continued underlying nervousness about Europe’s debt troubles. Read more..
BlockChalk, the anonymous location-based social networking service, just announced that it is now a venture-backed startup. Read more..
A consortium led by Centerbridge Partners has prevailed in the auction for bankrupt hotel chain Extended Stay, bidding $3.925 billion to win the deal. Read more..
Mercury’s four models, all versions of other Fords, account for less than 6 percent of Ford sales. The brand is seen as ripe to be cut. Read more..
After the Mahindra announcement, General Motors said Thursday that it was ending its partnership with Reva to develop electric cars in India. Read more..
Karstadt, the insolvent German department-store chain owned by Arcandor, received three binding bids from investors before Friday’s deadline, Bloomberg News reported. Read more..
Prudential, the British insurance giant that is seeking to buy the Asian life insurance unit of American International Group, said on Friday that it was talking to the U.S. insurance giant about reducing the $35.5 billion price tag of the transaction. Read more..
With Joe Krozel, things are rarely as they appear. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Intel | INTC | 21.68 | 21.75 | 21.23 | 21.42 | 72.7M |
General Electric | GE | 16.66 | 16.69 | 16.16 | 16.35 | 70.4M |
Microsoft | MSFT | 25.84 | 26.12 | 25.66 | 25.80 | 67.5M |
Pfizer | PFE | 15.33 | 15.59 | 15.22 | 15.23 | 61.4M |
Cisco Systems | CSCO | 23.52 | 23.57 | 22.99 | 23.16 | 56.4M |
JPMorgan Chase | JPM | 40.33 | 40.35 | 39.36 | 39.58 | 41.3M |
Wells Fargo & Co. | WFC | 29.47 | 29.50 | 28.54 | 28.69 | 40.9M |
Oracle Corp. | ORCL | 22.48 | 22.85 | 22.29 | 22.57 | 35.9M |
ExxonMobil | XOM | 61.21 | 61.67 | 60.28 | 60.46 | 32.1M |
AT&T Inc. | T | 24.60 | 24.73 | 24.29 | 24.30 | 30.3M |
Apple | AAPL | 259.39 | 259.40 | 253.35 | 256.88 | 29.1M |
Schlumberger | SLB | 59.48 | 59.81 | 55.46 | 56.15 | 27.8M |
Johnson & Johnson | JNJ | 58.72 | 59.12 | 58.19 | 58.30 | 26.8M |
Merck | MRK | 33.64 | 34.12 | 33.50 | 33.69 | 25M |
Altria | MO | 20.60 | 20.65 | 20.25 | 20.29 | 23.5M |
Abbott Laboratories | ABT | 47.77 | 48.58 | 47.50 | 47.56 | 23.1M |
Comcast | CMCSA | 18.04 | 18.33 | 17.97 | 18.09 | 21.3M |
Verizon Communications | VZ | 27.60 | 27.67 | 27.19 | 27.52 | 19.5M |
HP Inc. | HPQ | 47.06 | 47.07 | 45.76 | 46.01 | 19.1M |
Home Depot | HD | 34.57 | 34.64 | 33.82 | 33.86 | 17.5M |
Walt Disney & Co. | DIS | 33.70 | 34.05 | 33.24 | 33.42 | 15.8M |
ConocoPhillips | COP | 52.46 | 52.58 | 51.58 | 51.86 | 15.6M |
Chevron | CVX | 74.00 | 74.40 | 73.04 | 73.87 | 14.4M |
Wal-Mart Stores | WMT | 50.75 | 50.93 | 50.50 | 50.56 | 14M |
Procter & Gamble | PG | 60.95 | 61.68 | 60.85 | 61.09 | 14M |
Gilead Sciences | GILD | 36.37 | 36.47 | 35.86 | 35.92 | 13.3M |
Coca-Cola | KO | 51.18 | 51.95 | 51.00 | 51.40 | 11.8M |
UnitedHealth Group | UNH | 29.29 | 29.41 | 28.85 | 29.07 | 11.7M |
Amgen | AMGN | 51.75 | 52.23 | 51.46 | 51.78 | 11.2M |
Bristol-Myers Squibb | BMY | 23.38 | 23.45 | 23.11 | 23.21 | 9.88M |
Berkshire Hathaway | BRK.B | 72.40 | 72.74 | 70.55 | 70.55 | 7.82M |
Pepsico | PEP | 62.92 | 63.46 | 62.73 | 62.89 | 7.55M |
International Business Machines | IBM | 125.96 | 126.28 | 124.29 | 125.26 | 7.42M |
McDonald's | MCD | 67.24 | 67.63 | 66.75 | 66.87 | 7.16M |
Visa | V | 73.37 | 73.50 | 72.00 | 72.46 | 6.65M |
3M | MMM | 81.53 | 81.69 | 78.76 | 79.31 | 6.48M |
Alphabet | GOOGL | 492.74 | 493.45 | 483.00 | 485.63 | 5.78M |
Boeing | BA | 65.15 | 65.26 | 63.51 | 64.18 | 5.78M |
United Technologies | UTX | 68.25 | 68.41 | 67.04 | 67.38 | 4.81M |
Union Pacific | UNP | 71.45 | 72.13 | 70.56 | 71.43 | 4.05M |
Amazon | AMZN | 126.07 | 127.60 | 124.01 | 125.46 | 3.95M |
Exchange Rates of May 28th, 2010
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 91.050 JPY | 1 JPY = 0.011 USD |
US Dollar | Canadian Dollar | 1 USD = 1.054 CAD | 1 CAD = 0.949 USD |
US Dollar | Swiss Franc | 1 USD = 1.159 CHF | 1 CHF = 0.863 USD |
US Dollar | Chinese Yuan | 1 USD = 6.832 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 111.720 JPY | 1 JPY = 0.009 EUR |
Euro | Pound Sterling | 1 EUR = 0.849 GBP | 1 GBP = 1.178 EUR |
Euro | Australian Dollar | 1 EUR = 1.448 AUD | 1 AUD = 0.691 EUR |
Euro | Canadian Dollar | 1 EUR = 1.293 CAD | 1 CAD = 0.773 EUR |
Euro | Swiss Franc | 1 EUR = 1.422 CHF | 1 CHF = 0.703 EUR |
Euro | Chinese Yuan | 1 EUR = 8.382 CNY | 1 CNY = 0.119 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.753 GBP | 1 GBP = 1.328 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.294 AUD | 1 AUD = 0.773 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.149 CAD | 1 CAD = 0.871 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.265 CHF | 1 CHF = 0.790 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.704 AUD | 1 AUD = 0.587 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.523 CAD | 1 CAD = 0.657 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.675 CHF | 1 CHF = 0.597 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 9.870 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 = 0.982 CHF | 1 CHF = 1.018 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.788 CNY | 1 CNY = 0.173 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.097 CHF | 1 CHF = 0.912 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.479 CNY | 1 CNY = 0.154 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 5.893 CNY | 1 CNY = 0.170 CHF |
See what else happened on May 28th, 2010