Financial news on May 12, 2011

Business and Financial news
A.I.G. Tells Shareholders Stock Sale Still Planned

The company says it will continue with a public stock offering despite questions regarding the market and other particulars. Read more..

By MARY WILLIAMS WALSH - The New York Times

Britain Warns of Inflation Risk

The head of the Bank of England said inflation could rise to 5 percent in 2011 or 2012, from the recent rate of 4 percent. Read more..

By DAVID JOLLY - The New York Times

China’s Economy Slows Slightly, but Inflation Remains a Worry

Policy makers must decide how much more currency appreciation the surging export industry can withstand. Read more..

By KEITH BRADSHER - The New York Times

Cisco Posts Lower Profit, but Exceeds Expectations

Cisco Systems’ streak of lackluster earnings continued as the company failed to ignite its lagging business. Read more..

By VERNE G. KOPYTOFF - The New York Times

Head of Cisco Mends His Ways

After years of frittering away Cisco’s cash on acquisitions and overpriced stock buybacks, John Chambers has gotten religion. Read more..

By ROB COX and IAN CAMPBELL - The New York Times

Higher Profit Leads Macy’s to Raise 2011 Forecast

The retailer benefited from offering more exclusive products as well as tailoring offerings to the desires of regional shoppers. Read more..

By REUTERS - The New York Times

Merkel Signals Support for Italian to Lead E.C.B.

Chancellor Angela Merkel said in a newspaper interview that Mario Draghi embodies German ideas about economic stability. Read more..

By STEPHEN CASTLE and JACK EWING - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

Tutorials and Exercises to Help Students Prepare for the SAT

Traditional test preparation services have refined their mobile software to compete with start-ups, resulting in improved apps for students. Read more..

By BOB TEDESCHI - The New York Times

Watch as She Gracefully Knocks the Fuzz Off the Tennis Ball

The Women’s Tennis Association’s new campaign uses slow-motion video to play up players’ grace and their power. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO16.9617.0816.6416.93238M
MicrosoftMSFT25.3525.3925.1025.3277.4M
IntelINTC23.2523.8323.2323.7166.3M
General ElectricGE20.0020.1819.9020.1438.3M
PfizerPFE20.6820.9820.5820.8936M
JPMorgan ChaseJPM44.1044.3343.5544.0929.6M
Wells Fargo & Co.WFC28.2228.2827.7028.2327.3M
Oracle Corp.ORCL34.9035.7534.8135.7323.1M
AT&T Inc.T31.4331.7931.3331.6422M
ExxonMobilXOM80.6281.5979.4281.0521.9M
Abbott LaboratoriesABT53.0553.7552.7553.5316.8M
ConocoPhillipsCOP72.3672.4070.6771.5216.4M
MerckMRK36.7037.2736.5837.2015.9M
Johnson & JohnsonJNJ66.0467.3765.8267.1915.6M
HP Inc.HPQ40.8841.1840.7140.8814.2M
General MotorsGM31.0731.6030.9331.4214.1M
ComcastCMCSA25.3925.5725.1625.4413.9M
SchlumbergerSLB82.1984.0781.3383.5213.4M
Walt Disney & Co.DIS41.5141.7640.9441.5813.1M
AppleAAPL346.12347.12342.27346.5711.5M
Procter & GamblePG66.0366.9965.8266.8411.1M
ChevronCVX101.63103.32100.41102.7610.4M
Verizon CommunicationsVZ37.1037.6237.0237.4310.2M
Bristol-Myers SquibbBMY28.7028.9628.5128.919.95M
Home DepotHD37.1537.4336.8837.299.75M
Gilead SciencesGILD40.7741.3440.7241.299.1M
Wal-Mart StoresWMT55.2455.8354.9155.728.95M
Coca-ColaKO67.3668.4367.1768.318.55M
AltriaMO27.0527.3726.9127.357.99M
McDonald'sMCD79.3080.7179.1180.666.4M
PepsicoPEP70.3371.0569.9670.966.33M
VisaV79.0980.0579.0879.936.27M
AmgenAMGN58.6959.7558.3459.665.5M
UnitedHealth GroupUNH50.0150.3649.0750.085.31M
International Business MachinesIBM169.65172.77168.65172.245.14M
AmazonAMZN204.22206.19200.62206.074.8M
3MMMM95.1896.9495.1196.653.95M
United TechnologiesUTX89.1489.7088.7589.573.8M
BoeingBA79.0479.7578.4879.413.7M
Berkshire HathawayBRK.B80.0081.1079.7580.703.65M
Union PacificUNP102.24103.20100.99102.432.94M
AlphabetGOOGL535.24536.94530.91535.052.89M
Exchange Rates of May 12, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80.990 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.963 CAD1 CAD = 1.039 USD
US DollarSwiss Franc1 USD = 0.884 CHF1 CHF = 1.131 USD
US DollarChinese Yuan1 USD = 6.500 CNY1 CNY = 0.154 USD
EuroJapanese Yen1 EUR = 115.340 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.874 GBP1 GBP = 1.144 EUR
EuroAustralian Dollar1 EUR = 1.335 AUD1 AUD = 0.749 EUR
EuroCanadian Dollar1 EUR = 1.371 CAD1 CAD = 0.729 EUR
EuroSwiss Franc1 EUR = 1.259 CHF1 CHF = 0.794 EUR
EuroChinese Yuan1 EUR = 9.254 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.758 GBP1 GBP = 1.319 JPY
Japanese YenAustralian Dollar1 JPY = 1.157 AUD1 AUD = 0.865 JPY
Japanese YenCanadian Dollar1 JPY = 1.189 CAD1 CAD = 0.841 JPY
Japanese YenSwiss Franc1 JPY = 1.091 CHF1 CHF = 0.916 JPY
Pound SterlingAustralian Dollar1 GBP = 1.527 AUD1 AUD = 0.655 GBP
Pound SterlingCanadian Dollar1 GBP = 1.568 CAD1 CAD = 0.638 GBP
Pound SterlingSwiss Franc1 GBP = 1.440 CHF1 CHF = 0.694 GBP
Pound SterlingChinese Yuan1 GBP = 10.584 CNY1 CNY = 0.094 GBP
Australian DollarCanadian Dollar1 AUD = 1.027 CAD1 CAD = 0.974 AUD
Australian DollarSwiss Franc1 AUD = 0.943 CHF1 CHF = 1.061 AUD
Australian DollarChinese Yuan1 AUD = 6.935 CNY1 CNY = 0.144 AUD
Canadian DollarSwiss Franc1 CAD = 0.918 CHF1 CHF = 1.090 CAD
Canadian DollarChinese Yuan1 CAD = 6.751 CNY1 CNY = 0.148 CAD
Swiss FrancChinese Yuan1 CHF = 7.350 CNY1 CNY = 0.136 CHF

See what else happened on May 12, 2011