Financial news on May 17, 2011

Business and Financial news
Debt Talks Continue, Minus a Key Figure

Finance ministers approved a bailout for Portugal and debated new aid to debt-strapped Greece, with a deputy sitting in for Dominique Strauss-Kahn. Read more..

By STEPHEN CASTLE - The New York Times

For Fox and NBC, Let the Singing Begin

In announcing their lineups for the fall and beyond, the NBC and Fox networks almost mimic each other with singing competitions. Read more..

By BILL CARTER and BRIAN STELTER - The New York Times

In Consumer Behavior, Signs of Gas Price Pinch

As gasoline prices stay high, Americans are turning to public transit and choosing homes closer to work. Read more..

By MOTOKO RICH and STEPHANIE CLIFFORD - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By DEALBOOK - The New York Times

No BP Word as Deadline Slides By

BP did not issue a statement on Monday, leading some analysts to indicate that the two sides would continue to negotiate to try to revise terms so it could search for offshore oil in the Arctic. Read more..

By JULIA WERDIGIER and ANDREW E. KRAMER - The New York Times

Poetic Justice for Chrysler’s Bondholders

Chrysler’s creditors have the upper hand as the automaker seeks $6 billion to pay back the Treasury. Read more..

By AGNES T. CRANE, CHRISTOPHER HUGHES and ROB COX - The New York Times

Profit Rises at Penney’s, but Slides at Lowe’s

Profit and sales were down at the home improvement chain Lowe’s while J. C. Penney’s profit rose after cutting costs. Read more..

By THE ASSOCIATED PRESS - The New York Times

TimesCast | Wall Street's New Enforcer

Gretchen Morgenson discusses the investigation into three major Wall Street banks by the New York attorney general, Eric T. Schneiderman. Read more..

Emily B. Hager - The New York Times

Wall Street Stocks Close Lower in Late Trading

Technology and consumer shares were weak, while commodities and financial issues posted gains. Read more..

By BLOOMBERG NEWS - The New York Times

Woman in 2008 Affair Is Said to Have Accused I.M.F. Director of Coercing Her

Piroska Nagy said the liaison was consensual but she had felt coerced because Mr. Strauss-Kahn was so senior to her, a person with direct knowledge of the affair said. Read more..

By LANDON THOMAS Jr - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ37.5737.6636.0436.91100M
IntelINTC23.3723.5723.0823.5586.1M
MicrosoftMSFT24.4024.7024.2724.5282.9M
Cisco SystemsCSCO16.5016.7216.4616.6478.2M
PfizerPFE21.0821.2120.9821.1458.2M
General ElectricGE19.6219.7319.4619.5947.5M
Wells Fargo & Co.WFC27.7828.7627.7528.7540.2M
JPMorgan ChaseJPM42.6844.0242.6543.8136.3M
Oracle Corp.ORCL34.0334.2933.7133.9427.9M
AT&T Inc.T31.0231.2730.9031.1221M
ComcastCMCSA24.6125.0424.5425.0220.6M
MerckMRK37.1937.3436.6937.2720.4M
ExxonMobilXOM79.9980.7979.6080.4118.1M
Home DepotHD37.3537.9437.1937.4017.4M
AppleAAPL332.00336.14330.73336.1416.2M
Wal-Mart StoresWMT55.5656.2955.2455.5414.6M
Abbott LaboratoriesABT53.9053.9053.1153.5014.2M
AltriaMO27.4327.8227.4227.6612.8M
Verizon CommunicationsVZ36.9037.1836.8037.1112.5M
Procter & GamblePG66.6467.7266.6467.4212.2M
AmgenAMGN59.8961.1858.8360.8911.8M
SchlumbergerSLB81.4182.6680.8582.0611.8M
Bristol-Myers SquibbBMY28.6728.7028.2928.6511.5M
General MotorsGM31.0631.3830.8331.1011.2M
ConocoPhillipsCOP70.6971.8570.6971.5410.9M
Johnson & JohnsonJNJ66.2366.4865.8666.4010.8M
Walt Disney & Co.DIS40.8641.1440.6841.0110M
International Business MachinesIBM167.85171.41166.53170.508.77M
ChevronCVX100.31101.1999.61100.418.77M
Gilead SciencesGILD40.5640.5640.0840.478.05M
UnitedHealth GroupUNH49.8650.7049.7049.997.22M
AmazonAMZN191.82195.98191.76194.817.07M
Coca-ColaKO67.7368.1867.5067.996.64M
AlphabetGOOGL515.43531.22515.03530.466.6M
McDonald'sMCD80.7081.2980.4480.936.47M
PepsicoPEP70.4471.4670.3271.116.45M
VisaV79.8080.8079.7580.605.53M
BoeingBA77.6177.7375.8376.685.19M
United TechnologiesUTX88.6188.9087.1087.825.11M
3MMMM95.2895.4693.1493.864.85M
Berkshire HathawayBRK.B79.2179.4478.5778.934.78M
Union PacificUNP100.52101.2098.9799.793.61M
Exchange Rates of May 17, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.400 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.972 CAD1 CAD = 1.029 USD
US DollarSwiss Franc1 USD = 0.880 CHF1 CHF = 1.136 USD
US DollarChinese Yuan1 USD = 6.507 CNY1 CNY = 0.154 USD
EuroJapanese Yen1 EUR = 115.900 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.876 GBP1 GBP = 1.142 EUR
EuroAustralian Dollar1 EUR = 1.340 AUD1 AUD = 0.746 EUR
EuroCanadian Dollar1 EUR = 1.383 CAD1 CAD = 0.723 EUR
EuroSwiss Franc1 EUR = 1.253 CHF1 CHF = 0.798 EUR
EuroChinese Yuan1 EUR = 9.262 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.755 GBP1 GBP = 1.324 JPY
Japanese YenAustralian Dollar1 JPY = 1.156 AUD1 AUD = 0.865 JPY
Japanese YenCanadian Dollar1 JPY = 1.193 CAD1 CAD = 0.838 JPY
Japanese YenSwiss Franc1 JPY = 1.081 CHF1 CHF = 0.925 JPY
Pound SterlingAustralian Dollar1 GBP = 1.529 AUD1 AUD = 0.654 GBP
Pound SterlingCanadian Dollar1 GBP = 1.579 CAD1 CAD = 0.633 GBP
Pound SterlingSwiss Franc1 GBP = 1.430 CHF1 CHF = 0.700 GBP
Pound SterlingChinese Yuan1 GBP = 10.573 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 1.032 CAD1 CAD = 0.969 AUD
Australian DollarSwiss Franc1 AUD = 0.934 CHF1 CHF = 1.070 AUD
Australian DollarChinese Yuan1 AUD = 6.911 CNY1 CNY = 0.145 AUD
Canadian DollarSwiss Franc1 CAD = 0.906 CHF1 CHF = 1.104 CAD
Canadian DollarChinese Yuan1 CAD = 6.693 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 7.389 CNY1 CNY = 0.135 CHF

See what else happened on May 17, 2011