Financial news on May 17, 2010

Business and Financial news
Dimon Urges Next Generation to Improve U.S.

Jamie Dimon, the chief executive of JPMorgan Chase, told Syracuse University graduates he was confident the United States would see a recovery in the short term, but the country’s condition over the longer term was in the hands of the next generation. Read more..

By DEALBOOK - The New York Times

Fans of Gourmet Magazine Accept No Stand-Ins

In the fight over Gourmet magazine’s former readers, it’s the mass-market food magazines that seem to be thriving. Read more..

By STEPHANIE CLIFFORD - The New York Times

From British C.E.O.’s: Postcards From the Recovery

A resurgence in share prices over the past 12 months has seen pay in Britain’s largest firms return to highest ever levels, The Telegraph reported, citing an analysis conducted exclusively for the newspaper. Read more..

By DEALBOOK - The New York Times

In Germany, Anti-Europe Sentiment Grows

After its multibillion euro bailout of Greece and the currency itself, anti-European resentment is building in Germany, The Times of London reported. Read more..

By DEALBOOK - The New York Times

Lower Fees Ease Tensions in Private Equity

Despite long lock-ups, shaky performance and coming regulatory changes, limited partners in private equity firms say that on the whole they are sticking by the general partners who run the firms, according to a new study from the Bank of New York Mellon and PEI Media. Read more..

By CYRUS SANATI - The New York Times

Man Group to Buy GLG Partners for $1.6 Billion

Man Group, the publicly listed hedge fund, said Monday that it had agreed to buy smaller U.S. rival GLG Partners, giving the British giant a larger footprint in the American market. Read more..

By DEALBOOK - The New York Times

Pressure Grows on Spain to Curb Digital Piracy

Critics say it will be difficult to stop illegal downloading in the country because of the popularity of file-sharing sites and a perceived indifference to piracy as a crime. Read more..

By RAPHAEL MINDER - The New York Times

Speedy New Traders Make Waves Far From Wall St.

After a brief 1,000-point plunge in the stock market on May 6, high-frequency traders are drawing new scrutiny. Read more..

By JULIE CRESWELL - The New York Times

The Bear Market: A Chat With Ace Greenberg

Alan C. Greenberg, the former chairman of Bear Stearns, told The New York Times Magazine’s Deborah Solomon about the final days of his old firm. Read more..

By DEALBOOK - The New York Times

Waddell Defends Its Trades During Flash Crash

Waddell & Reed Financial, a Kansas-based mutual fund company, said an internal analysis of trading activity indicated it was not the cause of the flash crash that briefly wiped out $1 trillion in stock market wealth earlier this month. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 16,20 16,27 15,78 16,11 98.8M
General Electric GE 17,61 17,72 17,09 17,56 78.8M
Cisco Systems CSCO 24,97 24,98 24,26 24,87 72.5M
Intel INTC 21,75 22,05 21,41 22,02 64.6M
JPMorgan Chase JPM 39,93 40,04 38,77 39,84 56.5M
Wells Fargo & Co. WFC 32,08 32,24 31,14 31,97 47M
Microsoft MSFT 29,12 29,23 28,45 28,94 46.1M
Home Depot HD 34,97 35,69 34,08 35,59 33.5M
ExxonMobil XOM 63,74 63,88 62,26 63,27 31.9M
AT&T Inc. T 25,45 25,89 25,29 25,77 29.9M
Apple AAPL 254,70 256,18 247,71 254,22 27.2M
Comcast CMCSA 17,63 18,15 17,51 18,10 23.9M
Visa V 78,77 79,24 73,67 74,71 22.6M
Oracle Corp. ORCL 23,89 23,89 23,33 23,74 22.4M
Verizon Communications VZ 28,48 28,71 28,31 28,66 22.3M
Altria MO 21,64 21,91 21,57 21,70 18.4M
HP Inc. HPQ 47,45 47,69 46,64 47,52 17M
Wal-Mart Stores WMT 52,41 52,92 52,04 52,73 16.9M
ConocoPhillips COP 56,09 56,19 54,26 55,19 16.5M
Abbott Laboratories ABT 48,58 48,77 47,88 48,43 15.5M
Merck MRK 32,92 33,06 32,18 32,78 15.4M
Walt Disney & Co. DIS 34,22 34,34 33,29 34,20 15.1M
Chevron CVX 77,39 77,95 75,95 77,73 14.7M
Procter & Gamble PG 63,01 63,48 62,66 63,38 14.7M
Gilead Sciences GILD 37,70 38,29 37,46 38,23 13.9M
Bristol-Myers Squibb BMY 23,75 24,00 23,36 23,70 13.6M
Schlumberger SLB 65,22 65,39 62,50 64,15 12.5M
Johnson & Johnson JNJ 64,06 64,24 63,20 63,88 10.3M
International Business Machines IBM 130,68 131,76 128,70 130,44 8.92M
Coca-Cola KO 53,48 53,55 52,85 53,41 8.7M
UnitedHealth Group UNH 30,47 30,73 29,87 30,44 8.66M
McDonald's MCD 69,82 70,25 69,35 70,14 7.47M
Pepsico PEP 66,11 66,96 66,07 66,75 6.94M
United Technologies UTX 71,71 72,00 69,92 71,03 5.98M
Amgen AMGN 55,38 55,38 53,88 54,81 5.9M
Amazon AMZN 128,24 129,95 125,80 128,91 5.64M
Alphabet GOOGL 506,78 508,36 498,35 507,97 5.58M
Boeing BA 70,36 70,37 67,62 69,68 4.81M
Union Pacific UNP 74,56 75,06 72,36 74,30 3.94M
Berkshire Hathaway BRK.B 76,06 76,53 75,02 76,31 3.71M
3M MMM 84,88 85,15 83,02 84,68 3.19M
Exchange Rates of May 17, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 92,590 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,032 CAD 1 CAD = 0,969 USD
US Dollar Swiss Franc 1 USD = 1,131 CHF 1 CHF = 0,884 USD
US Dollar Chinese Yuan 1 USD = 6,828 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 114,790 JPY 1 JPY = 0,009 EUR
Euro Pound Sterling 1 EUR = 0,855 GBP 1 GBP = 1,169 EUR
Euro Australian Dollar 1 EUR = 1,412 AUD 1 AUD = 0,708 EUR
Euro Canadian Dollar 1 EUR = 1,279 CAD 1 CAD = 0,782 EUR
Euro Swiss Franc 1 EUR = 1,402 CHF 1 CHF = 0,713 EUR
Euro Chinese Yuan 1 EUR = 8,463 CNY 1 CNY = 0,118 EUR
Japanese Yen Pound Sterling 1 JPY = 0,745 GBP 1 GBP = 1,342 JPY
Japanese Yen Australian Dollar 1 JPY = 1,230 AUD 1 AUD = 0,813 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,113 CAD 1 CAD = 0,898 JPY
Japanese Yen Swiss Franc 1 JPY = 1,221 CHF 1 CHF = 0,819 JPY
Pound Sterling Australian Dollar 1 GBP = 1,651 AUD 1 AUD = 0,606 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,495 CAD 1 CAD = 0,669 GBP
Pound Sterling Swiss Franc 1 GBP = 1,638 CHF 1 CHF = 0,610 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,881 CNY 1 CNY = 0,101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,905 CAD 1 CAD = 1,104 AUD
Australian Dollar Swiss Franc 1 AUD = 0,992 CHF 1 CHF = 1,008 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,992 CNY 1 CNY = 0,167 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,096 CHF 1 CHF = 0,913 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,620 CNY 1 CNY = 0,151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,037 CNY 1 CNY = 0,166 CHF

See what else happened on May 17, 2010