Financial news on May 16, 2014
Business and Financial news
A road map to help those with student loans steer clear of common repayment mistakes and protect their credit scores. Read more..
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..
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..
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..
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..
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..
A proxy advisory firm, Glass Lewis, has questioned the Wall Street firm’s compensation practices. Read more..
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..
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..
Meet the Drone Dudes. Even your happy employees are job hunting. A McDonald’s worker in Denmark makes $21 an hour. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||49.01||49.13||48.73||49.08||13.9M|
|Procter & Gamble||PG||80.63||80.76||80.00||80.33||11.6M|
|Johnson & Johnson||JNJ||100.57||100.89||100.14||100.58||6.52M|
|Walt Disney & Co.||DIS||80.17||80.42||79.34||80.39||5.82M|
|International Business Machines||IBM||186.27||187.41||185.93||187.06||3.95M|
Exchange Rates of May 16, 2014
|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|