Financial news on May 14, 2014
Business and Financial news
China's real estate market seems to be cooling after almost two decades of nearly non-stop increases in prices and construction across nation; in latest sign, housing starts plummeted 25 percent in April from a year ago; trend has broad consequences for country's economy and possibly its politics. Read more..
The drug was approved in 2012 for cancer patients, but has since become an outsize moneymaker for Insys Therapeutics and has been prescribed more widely. Read more..
The breakup of the Publicis-Omnicom merger offers some lessons about big deals. | A star banker at Goldman Sachs is leaving. | Citizens Bank is facing a stormy spinoff. | The maker of Botox faces more pressure about an unsolicited takeover bid. Read more..
Treasury Secretary Jacob Lew, during trip to China, pushes country to allow market forces to decide its exchange rate; also presses senior officials there not to undercut Obama administration’s sanctions on Russia. Read more..
The Munich-based insurer said its first-quarter net income declined to €1.64 billion as results were hurt by investors removing €21.7 billion in investments from Pimco. Read more..
To protect the personal information about students that school technology vendors can acquire, two lawmakers are pushing to modernize a longstanding federal law on education privacy. Read more..
Hedge fund managers, political figures and celebrities are gathering in Las Vegas for the hedge fund industry’s annual spectacle, looking to put a little gloss on what have been some disappointing returns. Read more..
A Bosnian retiree builds a Volkswagen Beetle out of oak; Roger Rodas’ widow sues Porsche over Paul Walker crash. Read more..
Hedge fund managers don’t benefit from the carried interest tax advantage that are the focus of proposed legislation, Victor Fleischer writes in the Standard Deduction column. Instead, many use Bermuda-based reinsurance companies to avoid taxes. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Cisco Systems | CSCO | 22.92 | 23.05 | 22.63 | 22.81 | 59.3M |
FB | 59.53 | 60.45 | 58.95 | 59.23 | 47.4M | |
Pfizer | PFE | 29.14 | 29.28 | 28.92 | 29.10 | 26.8M |
AT&T Inc. | T | 36.10 | 36.57 | 36.01 | 36.39 | 24.2M |
General Electric | GE | 26.91 | 26.96 | 26.67 | 26.76 | 20.7M |
Microsoft | MSFT | 40.30 | 40.45 | 40.05 | 40.24 | 18.8M |
Intel | INTC | 26.49 | 26.52 | 26.33 | 26.33 | 17.8M |
Comcast | CMCSA | 50.17 | 50.25 | 49.68 | 49.83 | 15.8M |
Oracle Corp. | ORCL | 41.98 | 42.02 | 41.71 | 41.88 | 14M |
Verizon Communications | VZ | 48.00 | 48.32 | 47.80 | 48.01 | 13.9M |
Wells Fargo & Co. | WFC | 49.86 | 49.86 | 49.19 | 49.29 | 13.3M |
Gilead Sciences | GILD | 80.40 | 81.62 | 79.61 | 80.97 | 10.7M |
General Motors | GM | 35.10 | 35.11 | 34.80 | 34.94 | 10.5M |
JPMorgan Chase | JPM | 54.64 | 54.70 | 54.30 | 54.36 | 10.3M |
Coca-Cola | KO | 41.02 | 41.18 | 40.83 | 40.89 | 10M |
Merck | MRK | 55.63 | 56.56 | 55.63 | 56.37 | 7.8M |
Abbott Laboratories | ABT | 39.86 | 40.12 | 39.77 | 39.93 | 7.18M |
ExxonMobil | XOM | 102.36 | 102.68 | 102.11 | 102.29 | 7M |
Home Depot | HD | 77.33 | 77.37 | 76.17 | 76.31 | 6.87M |
Procter & Gamble | PG | 81.74 | 81.91 | 81.12 | 81.17 | 6.87M |
HP Inc. | HPQ | 33.13 | 33.34 | 32.90 | 32.97 | 6.79M |
Bristol-Myers Squibb | BMY | 52.24 | 52.39 | 51.75 | 52.12 | 6.29M |
Walt Disney & Co. | DIS | 81.77 | 82.18 | 80.63 | 80.92 | 6.19M |
Altria | MO | 40.55 | 40.57 | 40.23 | 40.33 | 6.11M |
Apple | AAPL | 592.43 | 597.40 | 591.74 | 593.87 | 5.94M |
Wal-Mart Stores | WMT | 79.05 | 79.05 | 78.07 | 78.74 | 5.61M |
International Business Machines | IBM | 191.91 | 191.99 | 188.17 | 188.72 | 5.25M |
Schlumberger | SLB | 100.26 | 101.23 | 100.26 | 100.74 | 5.13M |
Chevron | CVX | 126.14 | 126.78 | 125.76 | 126.42 | 4.96M |
ConocoPhillips | COP | 78.74 | 78.79 | 78.35 | 78.53 | 4.46M |
Johnson & Johnson | JNJ | 100.95 | 101.10 | 100.77 | 100.87 | 4.19M |
McDonald's | MCD | 103.69 | 103.78 | 102.54 | 103.03 | 3.83M |
Amazon | AMZN | 302.50 | 304.64 | 296.66 | 297.62 | 3.32M |
Amgen | AMGN | 111.14 | 112.48 | 110.52 | 112.07 | 2.99M |
Boeing | BA | 133.80 | 133.97 | 132.69 | 132.99 | 2.88M |
Pepsico | PEP | 87.24 | 87.44 | 86.78 | 86.84 | 2.73M |
Berkshire Hathaway | BRK.B | 127.80 | 128.00 | 127.51 | 127.53 | 2.69M |
UnitedHealth Group | UNH | 78.05 | 78.05 | 76.94 | 77.17 | 2.64M |
3M | MMM | 142.48 | 142.77 | 141.41 | 141.60 | 2.11M |
United Technologies | UTX | 118.56 | 118.57 | 117.16 | 117.32 | 1.77M |
Visa | V | 211.20 | 211.88 | 209.86 | 209.86 | 1.71M |
Union Pacific | UNP | 192.90 | 193.28 | 191.32 | 192.21 | 1.45M |
Alphabet | GOOGL | 541.82 | 541.82 | 533.11 | 534.41 | 1.28M |
Exchange Rates of May 14, 2014
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 101.840 JPY | 1 JPY = 0.010 USD |
US Dollar | Canadian Dollar | 1 USD = 1.089 CAD | 1 CAD = 0.919 USD |
US Dollar | Swiss Franc | 1 USD = 0.890 CHF | 1 CHF = 1.124 USD |
US Dollar | Chinese Yuan | 1 USD = 6.229 CNY | 1 CNY = 0.161 USD |
Euro | Japanese Yen | 1 EUR = 139.660 JPY | 1 JPY = 0.007 EUR |
Euro | Pound Sterling | 1 EUR = 0.818 GBP | 1 GBP = 1.223 EUR |
Euro | Australian Dollar | 1 EUR = 1.462 AUD | 1 AUD = 0.684 EUR |
Euro | Canadian Dollar | 1 EUR = 1.493 CAD | 1 CAD = 0.670 EUR |
Euro | Swiss Franc | 1 EUR = 1.220 CHF | 1 CHF = 0.820 EUR |
Euro | Chinese Yuan | 1 EUR = 8.542 CNY | 1 CNY = 0.117 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.585 GBP | 1 GBP = 1.709 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.046 AUD | 1 AUD = 0.956 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.069 CAD | 1 CAD = 0.936 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.873 CHF | 1 CHF = 1.145 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 1.788 AUD | 1 AUD = 0.559 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.826 CAD | 1 CAD = 0.548 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.492 CHF | 1 CHF = 0.670 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 10.442 CNY | 1 CNY = 0.096 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 1.021 CAD | 1 CAD = 0.979 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.834 CHF | 1 CHF = 1.199 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.842 CNY | 1 CNY = 0.171 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 0.817 CHF | 1 CHF = 1.224 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 5.720 CNY | 1 CNY = 0.175 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.999 CNY | 1 CNY = 0.143 CHF |
See what else happened on May 14, 2014