Financial news on May 15, 2014

Business and Financial news
At SALT Conference, Stocks Induce Anxiety

At the hedge fund industry’s annual gathering in Las Vegas, managers voiced concerns about the direction of the stock market. Read more..


Bank of England Tempers Expectations of a Rate Increase

Britain’s central bank head said the economy “has only just begun heading back toward normal.” Forecasts for growth and inflation remained the same. Read more..

By JENNY ANDERSON - The New York Times

Charges at the Door

A fantastic Friday puzzle by Martin Ashwood-Smith. Read more..

By DEB AMLEN - The New York Times

Daily Report: Awaiting a Proposal on Net Neutrality

Speculation about what is in the net neutrality proposal drafted by Tom Wheeler, chairman of the Federal Communications Commission, will mostly come to an end on Thursday, when Mr. Wheeler is expected to release his outline for protecting an open Internet. Read more..

By THE NEW YORK TIMES - The New York Times

Dixons and Carphone Warehouse Plan Merger to Create $6 Billion Company

The combined company, to be known as Dixons Carphone, would have nearly 3,000 stores in a dozen countries in Europe. Read more..

By CHAD BRAY - The New York Times

Get to 100 and Life Actually Doesn’t Feel so Bad

Research on characteristics of people 95 and older suggest that they have higher levels of satisfaction with life, are optimistic, extroverted and report feeling in control of their lives. Read more..

By PHYLLIS KORKKI - The New York Times

Pinterest Raises More Money, Fetching a Valuation of $5 Billion

Pinterest said on Thursday that it has raised $200 million in a new round of fund-raising, at a valuation of $5 billion, joining the upper echelons of the start-up hierarchy. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

RP Martin Fined $2.2 Million in Libor Rigging

Regulators said that brokers at the British firm RP Martin assisted a trader at UBS in his efforts to manipulate the London interbank offered rate as it was tied to the yen. Read more..

By CHAD BRAY - The New York Times

Today in Small Business: The Canadian Dream?

A business owner’s guide to a stress-free vacation. How technology is changing our food. Should you move your business to Texas? Read more..

By GENE MARKS - The New York Times

Volunteers Provide Backup to the Uniformed Ranks

Legions of retirees across America enlist in what might be called the unarmed forces of the uniformed ranks, welcome as volunteers by Civil Air Patrol, Coast Guard Auxiliary and many police departments. Read more..

By DAVID WALLIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.2724.6924.1224.18121M
General ElectricGE26.7226.8026.3226.6033.8M
Bristol-Myers SquibbBMY49.5149.8948.1048.9328.6M
AT&T Inc.T36.4036.6135.5836.5220.3M
JPMorgan ChaseJPM54.2054.2053.3553.5119.8M
Oracle Corp.ORCL41.8442.1741.6441.9319.3M
General MotorsGM34.6134.7533.8334.3618.1M
Wells Fargo & Co.WFC49.1049.2548.6649.0317.4M
Verizon CommunicationsVZ47.8548.2447.8447.9613.1M
Wal-Mart StoresWMT76.2877.4476.2576.8313M
Gilead SciencesGILD81.0281.4279.4680.1012.7M
Procter & GamblePG81.2581.3780.4480.539.4M
Abbott LaboratoriesABT39.2639.9339.0539.248.82M
Walt Disney & Co.DIS80.6480.8379.2180.157.69M
HP Inc.HPQ32.9733.0932.3532.417.22M
Johnson & JohnsonJNJ100.64100.84100.41100.697.01M
Home DepotHD76.0576.2975.3276.246.3M
International Business MachinesIBM189.07189.08186.18186.464.2M
Berkshire HathawayBRK.B127.30127.44126.00126.363.21M
UnitedHealth GroupUNH77.1677.3276.2376.483.08M
United TechnologiesUTX117.05117.25115.34115.702.86M
Union PacificUNP191.88192.20190.46191.121.49M
Exchange Rates of May 15, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.570 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.088 CAD1 CAD = 0.919 USD
US DollarSwiss Franc1 USD = 0.891 CHF1 CHF = 1.123 USD
US DollarChinese Yuan1 USD = 6.230 CNY1 CNY = 0.161 USD
EuroJapanese Yen1 EUR = 139.260 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.817 GBP1 GBP = 1.225 EUR
EuroAustralian Dollar1 EUR = 1.465 AUD1 AUD = 0.683 EUR
EuroCanadian Dollar1 EUR = 1.492 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.221 CHF1 CHF = 0.819 EUR
EuroChinese Yuan1 EUR = 8.542 CNY1 CNY = 0.117 EUR
Japanese YenPound Sterling1 JPY = 0.586 GBP1 GBP = 1.706 JPY
Japanese YenAustralian Dollar1 JPY = 1.051 AUD1 AUD = 0.951 JPY
Japanese YenCanadian Dollar1 JPY = 1.071 CAD1 CAD = 0.934 JPY
Japanese YenSwiss Franc1 JPY = 0.877 CHF1 CHF = 1.140 JPY
Pound SterlingAustralian Dollar1 GBP = 1.794 AUD1 AUD = 0.558 GBP
Pound SterlingCanadian Dollar1 GBP = 1.827 CAD1 CAD = 0.547 GBP
Pound SterlingSwiss Franc1 GBP = 1.496 CHF1 CHF = 0.669 GBP
Pound SterlingChinese Yuan1 GBP = 10.460 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 1.018 CAD1 CAD = 0.982 AUD
Australian DollarSwiss Franc1 AUD = 0.834 CHF1 CHF = 1.200 AUD
Australian DollarChinese Yuan1 AUD = 5.828 CNY1 CNY = 0.172 AUD
Canadian DollarSwiss Franc1 CAD = 0.819 CHF1 CHF = 1.222 CAD
Canadian DollarChinese Yuan1 CAD = 5.725 CNY1 CNY = 0.175 CAD
Swiss FrancChinese Yuan1 CHF = 6.992 CNY1 CNY = 0.143 CHF

See what else happened on May 15, 2014