Financial news on May 16, 2014

Business and Financial news
A Beginner’s Guide to Repaying Student Loans

A road map to help those with student loans steer clear of common repayment mistakes and protect their credit scores. Read more..

By RON LIEBER - The New York Times

At Last, Recovery Heads Where the Fed Wants It

Government data shows modestly higher inflation and more robust job market, two indicators of economic health that Federal Reserve and its chairwoman Janet L Yellen have identified as keys to stronger recovery; rise in Consumer Price Index in April suggests broader economic firming is underway; nascent signs of rebound stand in stark contrast to economic landscape in Europe. Read more..

By NELSON D. SCHWARTZ - The New York Times

Coke and McDonald’s, Growing Together Since 1955

McDonald's is Coca-Cola's largest restaurant customer, and the two companies maintain a unique, symbiotic relationship that dates back to 1955. Read more..

By DAVID GELLES - The New York Times

Convicted of Felonies, Banks Are Allowed to Stay in Business

Floyd Norris High & Low Finance column questions how much it matters whether banks like Credit Suisse and BNP Paribas face criminal convictions, rather than civil settlements that yield equally large fines; notes that Justice Dept has gone to great lengths to guarantee convicted banks will be able to continue to stay in business; calls for any waivers of restriction on banks' businesses to be clearly detailed in criminal settlements. Read more..

By FLOYD NORRIS - The New York Times

Deal for Zales May Be Done In by Bank of America's Conflicts

Zale’s largest shareholder, TIG, is highlighting Bank of America’s conflict of interest in a sale to Signet Jewelers. That and other factors may lead shareholders to vote down the deal. Read more..

By STEVEN M. DAVIDOFF - The New York Times

Flight’s Disappearance Knocks Malaysia Airlines

Malaysia Airlines says vanishing of Flight 370 pushed unprofitable carrier to its worst quarterly earnings in more than two years; company says its first-quarter net loss had increased to 443.4 million ringgit, or $137.4 million, from loss of 278.8 million ringgit a year earlier. Read more..

By REUTERS - The New York Times

Goldman Shareholders Give Pay Plan a Thumbs Up

A proxy advisory firm, Glass Lewis, has questioned the Wall Street firm’s compensation practices. Read more..

By RACHEL ABRAMS - The New York Times

Impossible? Only Until You Prove Otherwise

Adam Bryant Corner Office column features interview with Rob Gough, president of marketing company Eckim, who discusses his entrepreneurial drive and his management philosophy. Read more..

By ADAM BRYANT - The New York Times

Tempering Excitement for the E.C.B.'s Measures

The European Central Bank looks poised to try new ways to stimulate the economy, but the anticipated measures are unlikely to have a major impact. Read more..

By ANATOLE KALETSKY | REUTERS - The New York Times

Today in Small Business: 'Let's Take This Offline'

Meet the Drone Dudes. Even your happy employees are job hunting. A McDonald’s worker in Denmark makes $21 an hour. Read more..

By GENE MARKS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Facebook FB 58.31 58.45 57.31 58.02 47.9M
Cisco Systems CSCO 24.14 24.45 24.06 24.37 40.5M
Pfizer PFE 29.00 29.55 29.00 29.12 35.7M
Intel INTC 26.05 26.07 25.74 25.82 30M
Microsoft MSFT 39.67 39.84 39.27 39.83 29.9M
Verizon Communications VZ 48.71 49.30 48.54 49.07 29.4M
General Electric GE 26.49 26.68 26.37 26.67 28.8M
AT&T Inc. T 36.55 36.79 36.51 36.74 24M
General Motors GM 33.75 34.65 33.49 34.00 21.5M
JPMorgan Chase JPM 53.42 53.51 52.97 53.31 20M
Oracle Corp. ORCL 41.89 41.97 41.32 41.69 15.5M
Wells Fargo & Co. WFC 49.01 49.13 48.73 49.08 13.9M
Coca-Cola KO 40.52 40.91 40.45 40.89 13.8M
Comcast CMCSA 50.22 50.31 49.84 50.19 12.7M
Procter & Gamble PG 80.63 80.76 80.00 80.33 11.6M
Bristol-Myers Squibb BMY 49.06 49.18 48.58 48.78 11.2M
Abbott Laboratories ABT 39.61 39.79 38.84 39.06 11M
Gilead Sciences GILD 80.30 80.84 79.22 80.80 10.5M
ExxonMobil XOM 100.59 101.00 100.32 100.74 10.4M
Apple AAPL 588.63 597.53 585.40 597.51 9.87M
Merck MRK 55.66 56.26 55.66 55.87 9.06M
Altria MO 40.07 40.69 40.01 40.69 8.2M
HP Inc. HPQ 32.37 32.52 32.19 32.52 8.03M
Wal-Mart Stores WMT 77.00 77.38 76.65 77.01 7.24M
Home Depot HD 76.79 77.37 76.66 77.36 7.04M
Johnson & Johnson JNJ 100.57 100.89 100.14 100.58 6.52M
Chevron CVX 123.96 124.35 122.89 123.18 6.44M
ConocoPhillips COP 78.11 78.24 77.45 78.06 5.87M
Walt Disney & Co. DIS 80.17 80.42 79.34 80.39 5.82M
McDonald's MCD 102.55 103.39 102.35 103.14 5.08M
Schlumberger SLB 99.20 99.83 98.50 99.59 4.97M
United Technologies UTX 115.87 116.22 114.48 114.58 4.49M
Amgen AMGN 110.86 112.03 110.59 111.94 4.19M
International Business Machines IBM 186.27 187.41 185.93 187.06 3.95M
Pepsico PEP 85.59 86.62 85.57 86.54 3.67M
Amazon AMZN 292.80 298.88 291.55 297.70 3.64M
Visa V 207.59 210.09 207.59 209.81 3.07M
UnitedHealth Group UNH 76.35 76.67 76.01 76.65 2.97M
Boeing BA 131.31 131.71 130.03 130.81 2.96M
Union Pacific UNP 191.97 195.25 191.97 195.16 2.94M
Berkshire Hathaway BRK.B 126.41 126.92 125.66 126.86 2.9M
Alphabet GOOGL 529.60 530.84 523.57 528.30 1.91M
3M MMM 140.93 141.20 139.91 141.13 1.9M
Exchange Rates of May 16, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.520 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.086 CAD 1 CAD = 0.921 USD
US Dollar Swiss Franc 1 USD = 0.892 CHF 1 CHF = 1.122 USD
US Dollar Chinese Yuan 1 USD = 6.233 CNY 1 CNY = 0.160 USD
Euro Japanese Yen 1 EUR = 138.960 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.814 GBP 1 GBP = 1.229 EUR
Euro Australian Dollar 1 EUR = 1.462 AUD 1 AUD = 0.684 EUR
Euro Canadian Dollar 1 EUR = 1.487 CAD 1 CAD = 0.673 EUR
Euro Swiss Franc 1 EUR = 1.222 CHF 1 CHF = 0.818 EUR
Euro Chinese Yuan 1 EUR = 8.535 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.586 GBP 1 GBP = 1.708 JPY
Japanese Yen Australian Dollar 1 JPY = 1.051 AUD 1 AUD = 0.951 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.069 CAD 1 CAD = 0.935 JPY
Japanese Yen Swiss Franc 1 JPY = 0.879 CHF 1 CHF = 1.138 JPY
Pound Sterling Australian Dollar 1 GBP = 1.795 AUD 1 AUD = 0.557 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.826 CAD 1 CAD = 0.548 GBP
Pound Sterling Swiss Franc 1 GBP = 1.501 CHF 1 CHF = 0.666 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.482 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.016 CAD 1 CAD = 0.984 AUD
Australian Dollar Swiss Franc 1 AUD = 0.835 CHF 1 CHF = 1.197 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.837 CNY 1 CNY = 0.171 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.821 CHF 1 CHF = 1.218 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.740 CNY 1 CNY = 0.174 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.983 CNY 1 CNY = 0.143 CHF

See what else happened on May 16, 2014