Financial news on May 29th, 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

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24.7925.5024.1325.50121M
General ElectricGE13.3313.5312.2213.4884.9M
JPMorgan ChaseJPM36.3537.0735.6836.9061.9M
Cisco SystemsCSCO18.5418.6018.0918.5061M
Oracle Corp.ORCL19.2819.6019.1619.5942.6M
AT&T Inc.T24.7324.7924.2424.7925.2M
HP Inc.HPQ34.3434.8633.8534.3519.5M
Verizon CommunicationsVZ29.3829.4028.7429.2619.2M
Home DepotHD22.9923.1922.6523.1618.7M
Abbott LaboratoriesABT44.6945.1244.0745.0615.2M
Procter & GamblePG52.6252.6851.5051.9415.1M
Bristol-Myers SquibbBMY19.6619.9519.4619.9213.2M
Wal-Mart StoresWMT49.9049.9749.0749.7412.8M
Johnson & JohnsonJNJ54.5955.2854.0055.1612.5M
UnitedHealth GroupUNH27.2727.3826.0026.6011.7M
Walt Disney & Co.DIS24.1424.2523.5024.2211.2M
Gilead SciencesGILD42.0043.1841.4343.109.27M
Union PacificUNP45.9649.3245.8549.278.76M
International Business MachinesIBM104.47106.50103.95106.286.87M
United TechnologiesUTX52.5352.7051.7352.614.78M
Berkshire HathawayBRK.B2920.002972.002906.002972.0031.7K
Exchange Rates of May 29th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.320 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.091 CAD1 CAD = 0.917 USD
US DollarSwiss Franc1 USD = 1.067 CHF1 CHF = 0.937 USD
EuroJapanese Yen1 EUR = 134.950 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.875 GBP1 GBP = 1.144 EUR
EuroAustralian Dollar1 EUR = 1.767 AUD1 AUD = 0.566 EUR
EuroCanadian Dollar1 EUR = 1.545 CAD1 CAD = 0.647 EUR
EuroSwiss Franc1 EUR = 1.510 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 9.667 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.648 GBP1 GBP = 1.544 JPY
Japanese YenAustralian Dollar1 JPY = 1.309 AUD1 AUD = 0.764 JPY
Japanese YenCanadian Dollar1 JPY = 1.144 CAD1 CAD = 0.874 JPY
Japanese YenSwiss Franc1 JPY = 1.119 CHF1 CHF = 0.894 JPY
Pound SterlingAustralian Dollar1 GBP = 2.020 AUD1 AUD = 0.495 GBP
Pound SterlingCanadian Dollar1 GBP = 1.767 CAD1 CAD = 0.566 GBP
Pound SterlingSwiss Franc1 GBP = 1.727 CHF1 CHF = 0.579 GBP
Australian DollarCanadian Dollar1 AUD = 0.874 CAD1 CAD = 1.145 AUD
Australian DollarSwiss Franc1 AUD = 0.854 CHF1 CHF = 1.171 AUD
Australian DollarChinese Yuan1 AUD = 5.471 CNY1 CNY = 0.183 AUD
Canadian DollarSwiss Franc1 CAD = 0.977 CHF1 CHF = 1.024 CAD
Canadian DollarChinese Yuan1 CAD = 6.255 CNY1 CNY = 0.160 CAD
Swiss FrancChinese Yuan1 CHF = 6.400 CNY1 CNY = 0.156 CHF

See what else happened on May 29th, 2009