Financial news on May 28, 2010

Business and Financial news
A Chain Bets You’re Going to Like the Way Its New Campaign Looks

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..

By STUART ELLIOTT - The New York Times

A Giant London Port Project Falls Foul of Thames Fishermen

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..

By AUDREY SNEE - International Herald Tribune

Asian Stocks Rally After Wall Street’s Rebound

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..

By DEALBOOK - The New York Times

BlockChalk, a Mobile Social Network, Gets Funding

BlockChalk, the anonymous location-based social networking service, just announced that it is now a venture-backed startup. Read more..

By DEALBOOK - The New York Times

Centerbridge Group Wins Extended Stay

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..

By DEALBOOK - The New York Times

Dealers Brace for Ford to Phase Out Mercury

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..

By NICK BUNKLEY - The New York Times

G.M. Ends Partnership With India’s Reva

After the Mahindra announcement, General Motors said Thursday that it was ending its partnership with Reva to develop electric cars in India. Read more..

By DEALBOOK - The New York Times

Insolvent Karstadt Receives Three Bids

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..

By DEALBOOK - The New York Times

Prudential Tries to Lower Offer for A.I.A.

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..

By DEALBOOK - The New York Times

Thing That May Appear

With Joe Krozel, things are rarely as they appear. Read more..

By JIM HORNE - The New York Times

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 28, 2010
CurrenciesExchange 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 28, 2010