Financial news on May 29, 2009

Business and Financial news
2 Auditors Held in India Fault System

Four months after the revelation of a massive fraud at Satyam, two independent auditors from PricewaterhouseCoopers, who maintain their innocence, remain in prison. Read more..

By HEATHER TIMMONS - The New York Times

Campaigns Address Today’s Anxieties by Looking Back

The commercials and print ads represent attempts to address today’s anxieties by taking an optimistic look back at the Depression era. Read more..

By STUART ELLIOTT - The New York Times

Can New G.M. Pay for the Old G.M.?

For taxpayers to be made whole, the new mini-G.M. would have to produce earnings sufficient to support an enterprise value of at least $95 billion. Read more..

By ANTONY CURRIE and ROB COX - The New York Times

Dell, Its Quarterly Earnings Down 63%, Predicts Recovery

Dell suffered as businesses and consumers cut back on their technology purchases during the global recession. Read more..

By ASHLEE VANCE - The New York Times

Delphi in Talks to Emerge From Bankruptcy

The auto parts maker once owned by G.M. is working with the federal auto task force, possibly toward a sale of some assets. Read more..

By MICHAEL J. de la MERCED - The New York Times

Lacroix Files for Bankruptcy

The French couturier whose artistic and exuberant pouf dresses propelled him to fame in the 1980s has become the latest victim of the global financial crisis. Read more..

By SUZY MENKES - The New York Times

More Homeowners Facing Foreclosure

Temporary halts on foreclosures imposed by lenders and mortgage underwriters have mostly ended, and banks are moving quickly against delinquent homeowners. Read more..

By JACK HEALY - The New York Times

OPEC Keeps Output Goals Unchanged

As expected, the 12-country oil cartel has decided to hold steady on production targets, oil ministers said. Read more..

By BLOOMBERG NEWS - The New York Times

Time Warner Board Backs AOL Spinoff

The move comes eight years after the companies merged in a multibillion-dollar deal that came to symbolize an entire era in American business. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

U.S. Manufacturing Orders Rose Sharply in April

Demand for big-ticket manufactured goods soared by the largest amount in 16 months, the government said. Read more..

By JACK HEALY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 24.79 25.50 24.13 25.50 121M
General Electric GE 13.33 13.53 12.22 13.48 84.9M
Intel INTC 15.75 15.79 15.24 15.72 77.3M
Pfizer PFE 14.80 15.20 14.65 15.19 69M
JPMorgan Chase JPM 36.35 37.07 35.68 36.90 61.9M
Cisco Systems CSCO 18.54 18.60 18.09 18.50 61M
Microsoft MSFT 20.56 20.94 20.30 20.89 46.1M
Oracle Corp. ORCL 19.28 19.60 19.16 19.59 42.6M
Merck MRK 26.94 27.61 26.85 27.58 41.9M
Comcast CMCSA 14.14 14.17 13.17 13.77 41.3M
ExxonMobil XOM 69.80 70.25 68.95 69.35 33.2M
AT&T Inc. T 24.73 24.79 24.24 24.79 25.2M
Coca-Cola KO 47.01 49.16 46.95 49.16 22.7M
HP Inc. HPQ 34.34 34.86 33.85 34.35 19.5M
Verizon Communications VZ 29.38 29.40 28.74 29.26 19.2M
Home Depot HD 22.99 23.19 22.65 23.16 18.7M
ConocoPhillips COP 46.45 46.65 45.45 45.84 18.4M
Apple AAPL 135.39 135.90 133.85 135.81 16.3M
Abbott Laboratories ABT 44.69 45.12 44.07 45.06 15.2M
Procter & Gamble PG 52.62 52.68 51.50 51.94 15.1M
Bristol-Myers Squibb BMY 19.66 19.95 19.46 19.92 13.2M
Wal-Mart Stores WMT 49.90 49.97 49.07 49.74 12.8M
Johnson & Johnson JNJ 54.59 55.28 54.00 55.16 12.5M
Chevron CVX 66.55 66.94 65.90 66.67 12.2M
Altria MO 17.08 17.10 16.82 17.09 11.8M
UnitedHealth Group UNH 27.27 27.38 26.00 26.60 11.7M
Walt Disney & Co. DIS 24.14 24.25 23.50 24.22 11.2M
Schlumberger SLB 57.62 57.68 56.35 57.23 11.2M
Pepsico PEP 51.06 52.14 50.85 52.05 9.34M
Gilead Sciences GILD 42.00 43.18 41.43 43.10 9.27M
Union Pacific UNP 45.96 49.32 45.85 49.27 8.76M
McDonald's MCD 58.28 59.03 57.69 58.99 8.06M
Visa V 66.63 67.90 65.80 67.71 8.05M
Amgen AMGN 50.00 50.33 49.10 49.94 7.01M
International Business Machines IBM 104.47 106.50 103.95 106.28 6.87M
Boeing BA 44.61 45.08 43.95 44.85 5.42M
Alphabet GOOGL 412.11 417.23 410.70 417.23 5.29M
Amazon AMZN 77.72 78.01 76.40 77.99 5.07M
United Technologies UTX 52.53 52.70 51.73 52.61 4.78M
3M MMM 56.69 57.17 55.95 57.10 3.78M
Berkshire Hathaway BRK.B 2920.00 2972.00 2906.00 2972.00 31.7K
Exchange Rates of May 29, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 95.320 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.091 CAD 1 CAD = 0.917 USD
US Dollar Swiss Franc 1 USD = 1.067 CHF 1 CHF = 0.937 USD
Euro Japanese Yen 1 EUR = 134.950 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.875 GBP 1 GBP = 1.144 EUR
Euro Australian Dollar 1 EUR = 1.767 AUD 1 AUD = 0.566 EUR
Euro Canadian Dollar 1 EUR = 1.545 CAD 1 CAD = 0.647 EUR
Euro Swiss Franc 1 EUR = 1.510 CHF 1 CHF = 0.662 EUR
Euro Chinese Yuan 1 EUR = 9.667 CNY 1 CNY = 0.103 EUR
Japanese Yen Pound Sterling 1 JPY = 0.648 GBP 1 GBP = 1.544 JPY
Japanese Yen Australian Dollar 1 JPY = 1.309 AUD 1 AUD = 0.764 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.144 CAD 1 CAD = 0.874 JPY
Japanese Yen Swiss Franc 1 JPY = 1.119 CHF 1 CHF = 0.894 JPY
Pound Sterling Australian Dollar 1 GBP = 2.020 AUD 1 AUD = 0.495 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.767 CAD 1 CAD = 0.566 GBP
Pound Sterling Swiss Franc 1 GBP = 1.727 CHF 1 CHF = 0.579 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.874 CAD 1 CAD = 1.145 AUD
Australian Dollar Swiss Franc 1 AUD = 0.854 CHF 1 CHF = 1.171 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.471 CNY 1 CNY = 0.183 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.977 CHF 1 CHF = 1.024 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.255 CNY 1 CNY = 0.160 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.400 CNY 1 CNY = 0.156 CHF

See what else happened on May 29, 2009