Financial news on May 15th, 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 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,3626,4926,0826,1343.1M
Home DepotHD37,9939,3237,9738,3031.4M
General ElectricGE36,6737,2036,6136,6427.7M
Oracle Corp.ORCL18,8919,1718,8318,8423.6M
Johnson & JohnsonJNJ61,9962,4061,6661,8221.9M
Verizon CommunicationsVZ41,7542,6541,6842,5421.5M
AT&T Inc.T40,1840,6940,1040,3920.1M
Wal-Mart StoresWMT48,0048,1047,4147,6219.4M
Procter & GamblePG62,0062,8961,7262,0714.9M
Abbott LaboratoriesABT58,3659,2558,1558,6812.8M
HP Inc.HPQ44,7045,3544,6744,7511.9M
Wells Fargo & Co.WFC35,4535,8435,3035,4111.7M
JPMorgan ChaseJPM52,0052,7152,0052,0311.1M
Walt Disney & Co.DIS36,1336,3435,8935,947.87M
UnitedHealth GroupUNH52,8953,1452,5252,686.63M
Bristol-Myers SquibbBMY30,2530,4030,0830,236.38M
International Business MachinesIBM105,40105,80104,70104,836.1M
United TechnologiesUTX68,5269,4468,3768,505.64M
Gilead SciencesGILD82,0983,1881,5581,844.24M
Union PacificUNP117,40119,09117,35118,293.06M
Berkshire HathawayBRK.B3640,003656,003631,003633,007.2K
Exchange Rates of May 15th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120,260 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,098 CAD1 CAD = 0,910 USD
US DollarSwiss Franc1 USD = 1,215 CHF1 CHF = 0,823 USD
US DollarChinese Yuan1 USD = 7,684 CNY1 CNY = 0,130 USD
EuroJapanese Yen1 EUR = 163,440 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,684 GBP1 GBP = 1,462 EUR
EuroAustralian Dollar1 EUR = 1,630 AUD1 AUD = 0,614 EUR
EuroCanadian Dollar1 EUR = 1,493 CAD1 CAD = 0,670 EUR
EuroSwiss Franc1 EUR = 1,652 CHF1 CHF = 0,605 EUR
Japanese YenPound Sterling1 JPY = 0,418 GBP1 GBP = 2,390 JPY
Japanese YenAustralian Dollar1 JPY = 0,997 AUD1 AUD = 1,004 JPY
Japanese YenCanadian Dollar1 JPY = 0,913 CAD1 CAD = 1,095 JPY
Japanese YenSwiss Franc1 JPY = 1,010 CHF1 CHF = 0,990 JPY
Pound SterlingAustralian Dollar1 GBP = 2,382 AUD1 AUD = 0,420 GBP
Pound SterlingCanadian Dollar1 GBP = 2,182 CAD1 CAD = 0,458 GBP
Pound SterlingSwiss Franc1 GBP = 2,413 CHF1 CHF = 0,414 GBP
Australian DollarCanadian Dollar1 AUD = 0,915 CAD1 CAD = 1,092 AUD
Australian DollarSwiss Franc1 AUD = 1,013 CHF1 CHF = 0,987 AUD
Canadian DollarSwiss Franc1 CAD = 1,106 CHF1 CHF = 0,904 CAD

See what else happened on May 15th, 2007