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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO16.6416.6616.3416.6592.7M
IntelINTC23.6023.9623.5223.8865.6M
MicrosoftMSFT24.5324.7424.2524.6953.9M
General ElectricGE19.5919.8719.4119.7646.1M
PfizerPFE21.1121.1921.0221.1844.9M
HP Inc.HPQ36.6336.6435.9936.4944.6M
Oracle Corp.ORCL34.0034.2333.5533.9130M
JPMorgan ChaseJPM43.7244.2443.4144.0824.4M
Wells Fargo & Co.WFC28.7228.9428.4628.9223.9M
ExxonMobilXOM80.8882.2780.4381.7418M
AT&T Inc.T31.1631.2530.9231.2017.8M
Abbott LaboratoriesABT53.6453.9553.5453.8214.6M
ComcastCMCSA24.9325.3724.7225.3714.5M
MerckMRK37.2537.6237.1137.5813M
AltriaMO27.6527.9027.5627.8712.9M
AppleAAPL336.47341.05336.00339.8712M
ConocoPhillipsCOP71.8273.4271.5172.8111.6M
Wal-Mart StoresWMT55.5055.5454.9555.1811.4M
General MotorsGM31.0731.6231.0031.529.95M
Walt Disney & Co.DIS40.9441.4540.9041.429.95M
Verizon CommunicationsVZ37.1737.1736.9037.099.44M
Bristol-Myers SquibbBMY28.6128.8628.4528.869.4M
Home DepotHD37.3437.5437.1537.469.07M
Johnson & JohnsonJNJ66.1766.5165.9466.509.03M
Procter & GamblePG67.4067.5066.9767.388.87M
SchlumbergerSLB82.4984.4182.2583.758.62M
ChevronCVX100.92103.46100.17102.868.19M
Gilead SciencesGILD40.3640.4039.9840.347.99M
UnitedHealth GroupUNH49.8650.6949.7550.617.14M
Coca-ColaKO68.0068.3567.6568.306.71M
United TechnologiesUTX87.0587.4786.6587.155.74M
PepsicoPEP70.9871.3370.7571.275.56M
AmgenAMGN60.6761.3760.4661.175.18M
VisaV80.4380.4379.4880.015.03M
AmazonAMZN194.13198.28193.25197.094.96M
McDonald'sMCD80.9081.5080.7381.504.37M
International Business MachinesIBM170.10171.19169.46170.444.15M
AlphabetGOOGL529.54530.33525.70529.813.9M
BoeingBA76.7877.4976.6077.143.63M
3MMMM93.7294.1892.7593.943.34M
Berkshire HathawayBRK.B79.1379.6978.9079.623.03M
Union PacificUNP100.13102.4099.13102.032.41M
Exchange Rates of May 18, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 81.670 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.970 CAD1 CAD = 1.031 USD
US DollarSwiss Franc1 USD = 0.881 CHF1 CHF = 1.135 USD
US DollarChinese Yuan1 USD = 6.506 CNY1 CNY = 0.154 USD
EuroJapanese Yen1 EUR = 116.390 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.881 GBP1 GBP = 1.135 EUR
EuroAustralian Dollar1 EUR = 1.340 AUD1 AUD = 0.746 EUR
EuroCanadian Dollar1 EUR = 1.382 CAD1 CAD = 0.724 EUR
EuroSwiss Franc1 EUR = 1.255 CHF1 CHF = 0.797 EUR
EuroChinese Yuan1 EUR = 9.270 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.757 GBP1 GBP = 1.321 JPY
Japanese YenAustralian Dollar1 JPY = 1.151 AUD1 AUD = 0.869 JPY
Japanese YenCanadian Dollar1 JPY = 1.187 CAD1 CAD = 0.843 JPY
Japanese YenSwiss Franc1 JPY = 1.079 CHF1 CHF = 0.927 JPY
Pound SterlingAustralian Dollar1 GBP = 1.521 AUD1 AUD = 0.658 GBP
Pound SterlingCanadian Dollar1 GBP = 1.568 CAD1 CAD = 0.638 GBP
Pound SterlingSwiss Franc1 GBP = 1.425 CHF1 CHF = 0.702 GBP
Pound SterlingChinese Yuan1 GBP = 10.519 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 1.031 CAD1 CAD = 0.970 AUD
Australian DollarSwiss Franc1 AUD = 0.936 CHF1 CHF = 1.068 AUD
Australian DollarChinese Yuan1 AUD = 6.919 CNY1 CNY = 0.145 AUD
Canadian DollarSwiss Franc1 CAD = 0.908 CHF1 CHF = 1.101 CAD
Canadian DollarChinese Yuan1 CAD = 6.706 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 7.384 CNY1 CNY = 0.135 CHF

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