Financial news on May 18, 2011

Business and Financial news
Chanos on Whitney's call on Muni Bonds

James Chanos, president and founder of Kynikos Associates, weighs in on analyst Meredith Whitney's call on the risk in muni-bonds. Read more..

CNBC - CNBC

Delta-Northwest Merger’s Long and Complex Path

When Delta acquired Northwest three years ago, executives did not fully anticipate the thousands of tiny details that can make the difference between a successful merger and a failed one. Read more..

By JAD MOUAWAD - The New York Times

Hewlett-Packard’s Results Help Drag Down the Dow

The Dow and the S.& P. 500 fell after Hewlett-Packard, the personal computer maker, cut its earnings forecast and concern about the economy continued. Read more..

By THE ASSOCIATED PRESS - The New York Times

Many With New College Degree Find the Job Market Humbling

Employment rates for new graduates have fallen sharply, as have starting salaries for those who can find work. Read more..

By CATHERINE RAMPELL - The New York Times

W.T.O. Ruling on Airbus Subsidies Upheld on Appeal

The ruling finds that European aid to Airbus cost its American rival market share and may require a remedy, but says it was not prohibited. Read more..

By NICOLA CLARK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 16.64 16.66 16.34 16.65 92.7M
Intel INTC 23.60 23.96 23.52 23.88 65.6M
Microsoft MSFT 24.53 24.74 24.25 24.69 53.9M
General Electric GE 19.59 19.87 19.41 19.76 46.1M
Pfizer PFE 21.11 21.19 21.02 21.18 44.9M
HP Inc. HPQ 36.63 36.64 35.99 36.49 44.6M
Oracle Corp. ORCL 34.00 34.23 33.55 33.91 30M
JPMorgan Chase JPM 43.72 44.24 43.41 44.08 24.4M
Wells Fargo & Co. WFC 28.72 28.94 28.46 28.92 23.9M
ExxonMobil XOM 80.88 82.27 80.43 81.74 18M
AT&T Inc. T 31.16 31.25 30.92 31.20 17.8M
Abbott Laboratories ABT 53.64 53.95 53.54 53.82 14.6M
Comcast CMCSA 24.93 25.37 24.72 25.37 14.5M
Merck MRK 37.25 37.62 37.11 37.58 13M
Altria MO 27.65 27.90 27.56 27.87 12.9M
Apple AAPL 336.47 341.05 336.00 339.87 12M
ConocoPhillips COP 71.82 73.42 71.51 72.81 11.6M
Wal-Mart Stores WMT 55.50 55.54 54.95 55.18 11.4M
General Motors GM 31.07 31.62 31.00 31.52 9.95M
Walt Disney & Co. DIS 40.94 41.45 40.90 41.42 9.95M
Verizon Communications VZ 37.17 37.17 36.90 37.09 9.44M
Bristol-Myers Squibb BMY 28.61 28.86 28.45 28.86 9.4M
Home Depot HD 37.34 37.54 37.15 37.46 9.07M
Johnson & Johnson JNJ 66.17 66.51 65.94 66.50 9.03M
Procter & Gamble PG 67.40 67.50 66.97 67.38 8.87M
Schlumberger SLB 82.49 84.41 82.25 83.75 8.62M
Chevron CVX 100.92 103.46 100.17 102.86 8.19M
Gilead Sciences GILD 40.36 40.40 39.98 40.34 7.99M
UnitedHealth Group UNH 49.86 50.69 49.75 50.61 7.14M
Coca-Cola KO 68.00 68.35 67.65 68.30 6.71M
United Technologies UTX 87.05 87.47 86.65 87.15 5.74M
Pepsico PEP 70.98 71.33 70.75 71.27 5.56M
Amgen AMGN 60.67 61.37 60.46 61.17 5.18M
Visa V 80.43 80.43 79.48 80.01 5.03M
Amazon AMZN 194.13 198.28 193.25 197.09 4.96M
McDonald's MCD 80.90 81.50 80.73 81.50 4.37M
International Business Machines IBM 170.10 171.19 169.46 170.44 4.15M
Alphabet GOOGL 529.54 530.33 525.70 529.81 3.9M
Boeing BA 76.78 77.49 76.60 77.14 3.63M
3M MMM 93.72 94.18 92.75 93.94 3.34M
Berkshire Hathaway BRK.B 79.13 79.69 78.90 79.62 3.03M
Union Pacific UNP 100.13 102.40 99.13 102.03 2.41M
Exchange Rates of May 18, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 81.670 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 0.970 CAD 1 CAD = 1.031 USD
US Dollar Swiss Franc 1 USD = 0.881 CHF 1 CHF = 1.135 USD
US Dollar Chinese Yuan 1 USD = 6.506 CNY 1 CNY = 0.154 USD
Euro Japanese Yen 1 EUR = 116.390 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.881 GBP 1 GBP = 1.135 EUR
Euro Australian Dollar 1 EUR = 1.340 AUD 1 AUD = 0.746 EUR
Euro Canadian Dollar 1 EUR = 1.382 CAD 1 CAD = 0.724 EUR
Euro Swiss Franc 1 EUR = 1.255 CHF 1 CHF = 0.797 EUR
Euro Chinese Yuan 1 EUR = 9.270 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.757 GBP 1 GBP = 1.321 JPY
Japanese Yen Australian Dollar 1 JPY = 1.151 AUD 1 AUD = 0.869 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.187 CAD 1 CAD = 0.843 JPY
Japanese Yen Swiss Franc 1 JPY = 1.079 CHF 1 CHF = 0.927 JPY
Pound Sterling Australian Dollar 1 GBP = 1.521 AUD 1 AUD = 0.658 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.568 CAD 1 CAD = 0.638 GBP
Pound Sterling Swiss Franc 1 GBP = 1.425 CHF 1 CHF = 0.702 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.519 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.031 CAD 1 CAD = 0.970 AUD
Australian Dollar Swiss Franc 1 AUD = 0.936 CHF 1 CHF = 1.068 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.919 CNY 1 CNY = 0.145 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.908 CHF 1 CHF = 1.101 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.706 CNY 1 CNY = 0.149 CAD
Swiss Franc Chinese Yuan 1 CHF = 7.384 CNY 1 CNY = 0.135 CHF

See what else happened on May 18, 2011