Financial news on May 15, 2015

Business and Financial news
A Phantom Offer Sends Avon’s Shares Surging

Fraudulent bid to acquire Avon Products reveals security flaws at the Securities and Exchange Commission; agency reported regulatory filing that included bid by bogus firm PTG Capital Partners, sending shares of Avon up dramatically in roughly $91 million worth of trading; remains unclear whether market manipulation was goal of fraud, but incident raises serious questions about vulnerability of SEC's database. Read more..

By MATTHEW GOLDSTEIN and DAVID GELLES - The New York Times

Bank of America Merrill Lynch Opens Private Fund-Raising Arm for Start-Ups

The new group is part of a trend as banks focus on helping start-ups raise capital without having to list shares publicly. Read more..

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

Blackstone Buys Minority Stake in Hedge Fund Magnetar Capital

It is the latest deal for the hedge fund arm of Blackstone, which has raised more than $3 billion to buy minority stakes in hedge funds. Read more..

By ALEXANDRA STEVENSON - The New York Times

Changing Course, Russia Will Sell Rubles Instead of Buying

Russia's central bank moves to weaken ruble, which has risen some 21 percent so far in 2015, by replenishing its foreign reserves; move reverses years of monetary policy in which bank spent billions defending currency; could give glimmer of hope to moribund domestic markets as consumer demand declines, corporate profits suffer, and economy slips further into recession. Read more..

By ANDREW E. KRAMER - The New York Times

Don’t Be So Sure the Economy Will Return to Normal

As postrecession problems linger, the question arises about whether we are witnessing a fundamental shift. Read more..

By TYLER COWEN - The New York Times

Matching Colors Between Display and Document

Pictures from photofinishing services may not display correctly on a computer because the colors can be affected by the light in the room and the monitor settings. Read more..

By J. D. BIERSDORFER - The New York Times

Modern, With Twists of Tradition, in Shanghai

A desire to put down roots and own an authentic piece of Shanghai were the twin motivators behind Tom Doctoroff's decision to buy an old lanehouse. Read more..

By CASEY HALL - The New York Times

Senate, in Reversal, Begins Debate on Trade Authority

Senate votes to take up bill that would give Pres Obama fast-track authority to negotiate Trans-Pacific Partnership trade accord, reversing itself after protracted opposition; passage follows approval of separate legislation that would crack down on foreign currency manipulation, issue that had been hampering progress of fast-track authority; Pres Obama still faces uphill battle on issue in coming weeks. Read more..

By JONATHAN WEISMAN - The New York Times

Tax-Deductible Clothing Donations Are Great, Except Your Used Socks

Thrift stores may be happy to help you beef up your I.R.S. deductions for next year, but they aren’t interested in used underwear. A guide to best practices. Read more..

By RON LIEBER - The New York Times

Telefónica of Spain Reports Profit Jump From Pending Sale of O2

The telecommunications giant said that its net profit in the first three months of the year almost tripled. Read more..

By MARK SCOTT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 129,07 129,49 128,21 128,77 38.2M
Cisco Systems CSCO 29,24 29,82 29,16 29,55 37.7M
General Electric GE 27,38 27,44 27,25 27,27 35.8M
Microsoft MSFT 48,87 48,91 48,05 48,30 28.6M
AT&T Inc. T 34,11 34,39 34,01 34,33 28.3M
Facebook FB 81,41 81,52 80,18 80,42 27.1M
Comcast CMCSA 56,77 56,88 56,31 56,64 17.3M
Intel INTC 33,09 33,12 32,75 32,99 17.1M
Pfizer PFE 34,00 34,06 33,92 33,99 16.9M
Verizon Communications VZ 50,01 50,09 49,65 49,79 14.1M
Gilead Sciences GILD 109,05 110,24 108,29 109,30 13.4M
Wells Fargo & Co. WFC 56,04 56,04 55,30 55,52 13.3M
JPMorgan Chase JPM 66,13 66,16 65,44 65,88 11.2M
General Motors GM 34,70 34,98 34,70 34,91 9.77M
HP Inc. HPQ 33,60 33,73 33,29 33,60 9.73M
Oracle Corp. ORCL 44,41 44,44 43,94 44,15 9.37M
Coca-Cola KO 41,45 41,69 41,43 41,52 8.48M
ExxonMobil XOM 86,80 87,62 86,60 87,35 8.42M
Merck MRK 59,94 60,23 59,81 60,23 7.67M
McDonald's MCD 97,74 99,04 97,54 98,04 7.61M
Procter & Gamble PG 80,83 81,12 80,73 81,05 7.45M
Visa V 70,10 70,69 69,31 69,57 7.12M
Bristol-Myers Squibb BMY 67,61 68,13 67,07 67,64 6.7M
Wal-Mart Stores WMT 78,71 79,25 78,57 79,24 6.62M
Union Pacific UNP 102,95 103,88 102,32 103,83 6.4M
Johnson & Johnson JNJ 101,98 102,32 101,67 102,30 6.02M
Walt Disney & Co. DIS 110,10 110,69 109,68 110,30 5.85M
Chevron CVX 107,21 108,33 106,94 108,03 5.64M
Abbott Laboratories ABT 48,56 48,84 48,47 48,71 5.18M
Altria MO 52,56 52,88 52,56 52,82 5.02M
ConocoPhillips COP 65,25 66,06 65,06 65,76 4.73M
Schlumberger SLB 91,85 92,69 91,17 92,14 4.64M
Home Depot HD 111,92 113,40 111,82 113,35 4.57M
Amazon AMZN 428,00 430,40 424,30 426,00 4.24M
Pepsico PEP 97,83 98,44 97,75 98,22 3.81M
Boeing BA 148,05 148,30 146,34 146,88 3.37M
UnitedHealth Group UNH 118,78 119,35 118,31 119,33 3.08M
United Technologies UTX 119,08 119,39 117,92 118,49 2.96M
International Business Machines IBM 173,91 174,41 172,60 173,26 2.92M
Berkshire Hathaway BRK.B 145,93 146,09 144,65 145,26 2.42M
Amgen AMGN 163,27 163,63 161,68 162,36 2.39M
3M MMM 163,15 163,77 162,65 163,30 1.92M
Alphabet GOOGL 550,39 550,60 542,50 546,49 1.67M
Exchange Rates of May 15, 2015
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0,873 EUR 1 EUR = 1,145 USD
US Dollar Japanese Yen 1 USD = 119,250 JPY 1 JPY = 0,008 USD
US Dollar Pound Sterling 1 USD = 0,636 GBP 1 GBP = 1,572 USD
US Dollar Australian Dollar 1 USD = 1,243 AUD 1 AUD = 0,805 USD
US Dollar Canadian Dollar 1 USD = 1,201 CAD 1 CAD = 0,833 USD
US Dollar Swiss Franc 1 USD = 0,916 CHF 1 CHF = 1,092 USD
US Dollar Chinese Yuan 1 USD = 6,206 CNY 1 CNY = 0,161 USD
US Dollar Mexican Peso 1 USD = 15,017 MXN 1 MXN = 0,067 USD
US Dollar Swidish Krona 1 USD = 8,178 SEK 1 SEK = 0,122 USD
Euro Japanese Yen 1 EUR = 136,550 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,728 GBP 1 GBP = 1,374 EUR
Euro Australian Dollar 1 EUR = 1,422 AUD 1 AUD = 0,703 EUR
Euro Canadian Dollar 1 EUR = 1,372 CAD 1 CAD = 0,729 EUR
Euro Swiss Franc 1 EUR = 1,048 CHF 1 CHF = 0,954 EUR
Euro Chinese Yuan 1 EUR = 7,105 CNY 1 CNY = 0,141 EUR
Euro Mexican Peso 1 EUR = 17,228 MXN 1 MXN = 0,058 EUR
Euro Swidish Krona 1 EUR = 9,375 SEK 1 SEK = 0,107 EUR
Japanese Yen Pound Sterling 1 JPY = 0,005 GBP 1 GBP = 188,679 JPY
Japanese Yen Australian Dollar 1 JPY = 0,010 AUD 1 AUD = 96,154 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,010 CAD 1 CAD = 99,010 JPY
Japanese Yen Swiss Franc 1 JPY = 0,008 CHF 1 CHF = 129,870 JPY
Japanese Yen Chinese Yuan 1 JPY = 0,052 CNY 1 CNY = 19,231 JPY
Japanese Yen Mexican Peso 1 JPY = 0,126 MXN 1 MXN = 7,955 JPY
Japanese Yen Swidish Krona 1 JPY = 0,068 SEK 1 SEK = 14,663 JPY
Pound Sterling Australian Dollar 1 GBP = 1,954 AUD 1 AUD = 0,512 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,888 CAD 1 CAD = 0,530 GBP
Pound Sterling Swiss Franc 1 GBP = 1,441 CHF 1 CHF = 0,694 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,759 CNY 1 CNY = 0,102 GBP
Pound Sterling Mexican Peso 1 GBP = 23,582 MXN 1 MXN = 0,042 GBP
Pound Sterling Swidish Krona 1 GBP = 12,878 SEK 1 SEK = 0,078 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,965 CAD 1 CAD = 1,036 AUD
Australian Dollar Swiss Franc 1 AUD = 0,735 CHF 1 CHF = 1,361 AUD
Australian Dollar Chinese Yuan 1 AUD = 4,991 CNY 1 CNY = 0,200 AUD
Australian Dollar Mexican Peso 1 AUD = 12,092 MXN 1 MXN = 0,083 AUD
Australian Dollar Swidish Krona 1 AUD = 6,587 SEK 1 SEK = 0,152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,762 CHF 1 CHF = 1,313 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5,168 CNY 1 CNY = 0,194 CAD
Canadian Dollar Mexican Peso 1 CAD = 12,518 MXN 1 MXN = 0,080 CAD
Canadian Dollar Swidish Krona 1 CAD = 6,819 SEK 1 SEK = 0,147 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,772 CNY 1 CNY = 0,148 CHF
Swiss Franc Mexican Peso 1 CHF = 16,378 MXN 1 MXN = 0,061 CHF
Swiss Franc Swidish Krona 1 CHF = 8,947 SEK 1 SEK = 0,112 CHF
Chinese Yuan Swidish Krona 1 CNY = 1,322 SEK 1 SEK = 0,756 CNY

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