Financial news on May 16th, 2011

Business and Financial news
Alibaba and Yahoo Try to Make Up

The two companies are working to resolve a fight that erupted after a regulatory filing last week. Read more..


Campaign to Raise the Profile of Central Park’s Protector

The campaign, which seeks to increase the number of members who make donations, will include traditional and online ads, as well as a new logo. Read more..

By STUART ELLIOTT - The New York Times

DuPont Offer for Danisco Succeeds

DuPont said on Monday that its $6.3 billion tender offer for the Danish food ingredient maker had been accepted by enough shareholders to be completed.   Read more..

By CHRIS V. NICHOLSON - The New York Times

E.U. Panel to Propose Tighter Data Protection

A European Commission advisory group wants countries to treat the cellphone users’ location of as personal data, deserving of the highest level of privacy. Read more..

By KEVIN J. O'BRIEN - The New York Times

Gay CNN Anchor Sees Risk in Book

The weekend prime-time anchor said he feared that he could be ostracized because of his sexual orientation after revealing it publicly in his new book. Read more..

By BILL CARTER - The New York Times

Nasdaq Drops N.Y.S.E. Bid

Nasdaq OMX Group and IntercontinentalExchange have pulled their hostile bid for the New York Stock Exchange after regulators signaled that a merger would run afoul of anti-trust regulations. Read more..

Mac William Bishop - The New York Times

Skype-Style Calls Force Wireless Carriers to Adapt

Services like Skype can cut into wireless carriers’ revenue because they offer easy ways to communicate free online. Read more..

By JENNA WORTHAM - The New York Times

Wallace McCain Dies at 81; Fed the World Frozen Fries

Mr. McCain helped create the world’s largest maker of frozen French fries, with 50 plants in 15 countries. Read more..

By IAN AUSTEN - The New York Times

Web Critics Sum It All Up in a Word

An extreme reaction to a business can elicit a review, but more people in general use the “Like” button because it is a short-form action. Read more..

By TEDDY WAYNE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO16,8216,8716,6016,6081.6M
General ElectricGE19,8519,9919,6819,7645.8M
JPMorgan ChaseJPM42,9743,4842,7242,8835M
Wells Fargo & Co.WFC27,8228,3427,7827,8632.3M
AT&T Inc.T31,3231,3931,0131,0632.2M
Oracle Corp.ORCL35,0835,0934,0234,1831.4M
HP Inc.HPQ40,2040,3439,6639,8018.3M
Abbott LaboratoriesABT53,4854,1953,4054,0015.2M
Wal-Mart StoresWMT55,6156,4755,4856,0614.2M
Walt Disney & Co.DIS41,2641,3040,8940,9311.7M
Home DepotHD36,6937,3136,5536,9811.6M
Johnson & JohnsonJNJ66,4166,7966,1966,3711.5M
Verizon CommunicationsVZ37,2637,2636,9036,9711M
Procter & GamblePG66,6667,3066,5166,949.88M
Gilead SciencesGILD40,9641,1940,4240,568.86M
General MotorsGM31,2531,5031,0831,107.29M
Bristol-Myers SquibbBMY28,8228,9728,7428,796.79M
UnitedHealth GroupUNH49,5650,7349,3850,176.02M
International Business MachinesIBM169,81170,64168,31168,864.66M
Berkshire HathawayBRK.B79,5480,2579,1179,483.88M
United TechnologiesUTX88,4689,2588,0988,883.36M
Union PacificUNP100,22102,0699,98101,003.13M
Exchange Rates of May 16th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80,840 JPY1 JPY = 0,012 USD
US DollarCanadian Dollar1 USD = 0,975 CAD1 CAD = 1,026 USD
US DollarSwiss Franc1 USD = 0,884 CHF1 CHF = 1,131 USD
US DollarChinese Yuan1 USD = 6,509 CNY1 CNY = 0,154 USD
EuroJapanese Yen1 EUR = 114,500 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,874 GBP1 GBP = 1,144 EUR
EuroAustralian Dollar1 EUR = 1,339 AUD1 AUD = 0,747 EUR
EuroCanadian Dollar1 EUR = 1,380 CAD1 CAD = 0,725 EUR
EuroSwiss Franc1 EUR = 1,252 CHF1 CHF = 0,799 EUR
EuroChinese Yuan1 EUR = 9,214 CNY1 CNY = 0,109 EUR
Japanese YenPound Sterling1 JPY = 0,763 GBP1 GBP = 1,310 JPY
Japanese YenAustralian Dollar1 JPY = 1,169 AUD1 AUD = 0,856 JPY
Japanese YenCanadian Dollar1 JPY = 1,205 CAD1 CAD = 0,830 JPY
Japanese YenSwiss Franc1 JPY = 1,093 CHF1 CHF = 0,915 JPY
Pound SterlingAustralian Dollar1 GBP = 1,532 AUD1 AUD = 0,653 GBP
Pound SterlingCanadian Dollar1 GBP = 1,579 CAD1 CAD = 0,633 GBP
Pound SterlingSwiss Franc1 GBP = 1,432 CHF1 CHF = 0,698 GBP
Pound SterlingChinese Yuan1 GBP = 10,542 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 1,031 CAD1 CAD = 0,970 AUD
Australian DollarSwiss Franc1 AUD = 0,935 CHF1 CHF = 1,070 AUD
Australian DollarChinese Yuan1 AUD = 6,887 CNY1 CNY = 0,145 AUD
Canadian DollarSwiss Franc1 CAD = 0,906 CHF1 CHF = 1,104 CAD
Canadian DollarChinese Yuan1 CAD = 6,678 CNY1 CNY = 0,150 CAD
Swiss FrancChinese Yuan1 CHF = 7,360 CNY1 CNY = 0,136 CHF

See what else happened on May 16th, 2011