Financial news on May 15, 2007

Business and Financial news
A Corporate Divorce on the Cheap

Daimler, now free of its struggling U.S. partner, can look ahead to a promising future as a stand-alone maker of trucks and luxury cars. Read more..

By MARK LANDLER - The New York Times

Britain: Pearson Acquires an Educator

Pearson, the education publisher, agreed to buy eCollege.com for $538 million to add online degree courses in the United States. Shareholders of eCollege will receive $22.45 a share, Pearson said, an 8.9 percent premium over its closing price on F... Read more..

By BLOOMBERG NEWS - The New York Times

Cerberus Goes Where No Firm Has Gone Before

With an agreement to take control of Chrysler, private equity is venturing into virtually uncharted territory. Read more..

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

Ceridian Executive Is Fired

The Ceridian Corporation fired a top executive, accusing him of disclosing confidential information to a hedge fund that is trying to oust the company’s board. Read more..

By BLOOMBERG NEWS - The New York Times

Chrysler Workers Surprised After Union Backs Sale

The rank and file had been warned about a private equity owner. “It makes me real nervous and a little confused,” one worker said. Read more..

By NICK BUNKLEY - The New York Times

Hotel as Lifestyle

New hotel brands aimed at younger travelers are trying to create experiences that feel unique but can be replicated globally. Read more..

By SUSAN STELLIN - The New York Times

States Fault MySpace on Predator Issues

State attorneys general say the site has not done enough to block sexual predators and has failed to cooperate with authorities. Read more..

By BRAD STONE - The New York Times

Stuck on the Runway, Thinking Rebellious Thoughts

Airline passengers stuck on the tarmac for hours are now organizing, networking and going public. Read more..

By JOE SHARKEY - The New York Times

Swiss Investigating BAE in Money Laundering Case

The criminal investigation adds international scrutiny of BAE, the top British military contractor. Read more..

By NICOLA CLARK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 30.90 31.09 30.84 30.90 75M
Amgen AMGN 52.36 54.02 52.36 54.01 68M
Intel INTC 22.08 22.36 21.90 22.01 57.4M
Cisco Systems CSCO 26.36 26.49 26.08 26.13 43.1M
Pfizer PFE 27.29 27.32 27.07 27.10 34.7M
Apple AAPL 109.57 110.20 106.48 107.52 34.1M
Home Depot HD 37.99 39.32 37.97 38.30 31.4M
General Electric GE 36.67 37.20 36.61 36.64 27.7M
Oracle Corp. ORCL 18.89 19.17 18.83 18.84 23.6M
Johnson & Johnson JNJ 61.99 62.40 61.66 61.82 21.9M
Verizon Communications VZ 41.75 42.65 41.68 42.54 21.5M
Comcast CMCSA 26.74 27.15 26.56 26.59 20.9M
AT&T Inc. T 40.18 40.69 40.10 40.39 20.1M
Wal-Mart Stores WMT 48.00 48.10 47.41 47.62 19.4M
ExxonMobil XOM 81.01 81.78 80.95 81.13 17.2M
Coca-Cola KO 52.30 52.79 52.16 52.46 15.8M
Procter & Gamble PG 62.00 62.89 61.72 62.07 14.9M
ConocoPhillips COP 70.42 71.55 70.42 70.72 13.1M
Abbott Laboratories ABT 58.36 59.25 58.15 58.68 12.8M
HP Inc. HPQ 44.70 45.35 44.67 44.75 11.9M
Wells Fargo & Co. WFC 35.45 35.84 35.30 35.41 11.7M
Merck MRK 52.06 52.68 51.98 52.62 11.7M
JPMorgan Chase JPM 52.00 52.71 52.00 52.03 11.1M
Chevron CVX 80.94 81.37 80.61 80.73 9.85M
McDonald's MCD 50.76 51.88 50.63 51.27 9.83M
Amazon AMZN 61.40 61.97 60.52 60.58 8.7M
Schlumberger SLB 74.50 76.87 74.26 75.51 8.31M
Alphabet GOOGL 461.96 462.54 457.41 458.00 8.23M
Walt Disney & Co. DIS 36.13 36.34 35.89 35.94 7.87M
Altria MO 68.93 69.74 68.51 69.41 7.27M
Pepsico PEP 67.04 67.59 66.90 67.45 6.78M
UnitedHealth Group UNH 52.89 53.14 52.52 52.68 6.63M
3M MMM 85.38 87.08 84.85 86.17 6.58M
Bristol-Myers Squibb BMY 30.25 30.40 30.08 30.23 6.38M
International Business Machines IBM 105.40 105.80 104.70 104.83 6.1M
United Technologies UTX 68.52 69.44 68.37 68.50 5.64M
Boeing BA 93.98 95.45 93.79 94.34 5.01M
Gilead Sciences GILD 82.09 83.18 81.55 81.84 4.24M
Union Pacific UNP 117.40 119.09 117.35 118.29 3.06M
Berkshire Hathaway BRK.B 3640.00 3656.00 3631.00 3633.00 7.2K
Exchange Rates of May 15, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 120.260 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.098 CAD 1 CAD = 0.910 USD
US Dollar Swiss Franc 1 USD = 1.215 CHF 1 CHF = 0.823 USD
US Dollar Chinese Yuan 1 USD = 7.684 CNY 1 CNY = 0.130 USD
Euro Japanese Yen 1 EUR = 163.440 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.684 GBP 1 GBP = 1.462 EUR
Euro Australian Dollar 1 EUR = 1.630 AUD 1 AUD = 0.614 EUR
Euro Canadian Dollar 1 EUR = 1.493 CAD 1 CAD = 0.670 EUR
Euro Swiss Franc 1 EUR = 1.652 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.418 GBP 1 GBP = 2.390 JPY
Japanese Yen Australian Dollar 1 JPY = 0.997 AUD 1 AUD = 1.004 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.913 CAD 1 CAD = 1.095 JPY
Japanese Yen Swiss Franc 1 JPY = 1.010 CHF 1 CHF = 0.990 JPY
Pound Sterling Australian Dollar 1 GBP = 2.382 AUD 1 AUD = 0.420 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.182 CAD 1 CAD = 0.458 GBP
Pound Sterling Swiss Franc 1 GBP = 2.413 CHF 1 CHF = 0.414 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.915 CAD 1 CAD = 1.092 AUD
Australian Dollar Swiss Franc 1 AUD = 1.013 CHF 1 CHF = 0.987 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.106 CHF 1 CHF = 0.904 CAD

See what else happened on May 15, 2007