Financial news on May 18, 2015

Business and Financial news
Earnings From Walmart and More Big Retailers; Wall Street’s Annual Meetings

Walmart, Home Depot and Target are among the retailers posting results this week; Japan will report its G.D.P. on Wednesday; and the big Wall Street banks will hold their annual meetings with shareholders. Read more..

By THE NEW YORK TIMES - The New York Times

Hedge Funds Close Doors, Facing Low Returns and Investor Scrutiny

Closures of TigerShark, Tiger Consumer and JAT Capital Management, offshoots of Julian Robertson-owned hedge fund Tiger Management, are latest in series of hedge fund closures due to unstable markets; managers place blame on too much regulation, as well as overly demanding investors. Read more..

By ALEXANDRA STEVENSON - The New York Times

Kenneth Kong Presents Cheryl’s Birthday — Part 2

Cheryl’s Birthday was a puzzle sensation several weeks ago. Can you now figure out Cheryl’s age? Read more..

By GARY ANTONICK - The New York Times

Perils of Globalization When Factories Close and Towns Struggle

Decline of Galesburg, Ill, illustrates potentially stark repercussions of globalization as Pres Obama presses Trans-Pacific Partnership and other trade deals; town's population and median income has shrunk dramatically since 1999, reflecting economic recession and closure of Maytag factory that was its largest employer; trend highlights mounting evidence that free trade tends to benefit upper-income households disproportionately, leaving places like Galesburg to reckon with costs. Read more..

By BINYAMIN APPELBAUM - The New York Times

Success of ‘An Ember in the Ashes’ Leads Publisher to a Sequel

Media Decoder column; Penguin young adult imprint Razorbill is set to announce that it has acquired sequel to Sabaa Tahir debut novel An Ember in the Ashes, which has reached No 2 spot on The New York Times young adult best-seller list since its publication in April. Read more..

By ALEXANDRA ALTER - The New York Times

The In-State Tuition Break, Slowly Disappearing

One of the most important paths to upward mobility, open on a meritocratic basis to people from all economic classes, is narrowing. Read more..

By KEVIN CAREY - The New York Times

Tom Rothman’s High-Wire Act at Sony Pictures

Performance of three upcoming films produced by Sony Pictures Entertainment, picked by new chairman Tom Rothman, will determine whether company can put move beyond 2014 cyberattack; Rothman, who replaced Amy Pascal in February after hacking scandal, has assumed vastly more responsibility than he previously had as head of Sony's TriStar Productions. Read more..

By MICHAEL CIEPLY - The New York Times

TV Networks Now Wait for Word From Sponsors

Television networks are bracing for advertisers' decisions after week of upfront presentations, and negotiations could indicate how much of priority advertisers place on television in their advertising budgets; advertisers are expected to evaluate wide range of data to try and pick popular shows; ad spending on television is expected to decline by 7 percent. Read more..

By SYDNEY EMBER and EMILY STEEL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
AT&T Inc. T 34.28 35.02 34.26 34.87 59.6M
Apple AAPL 128.38 130.72 128.36 130.19 50.9M
Pfizer PFE 33.98 34.06 33.90 33.98 24.6M
Microsoft MSFT 47.98 48.22 47.61 48.01 24.1M
Cisco Systems CSCO 29.42 29.90 29.42 29.76 24M
Intel INTC 32.98 33.41 32.85 33.41 23.7M
General Electric GE 27.21 27.39 27.21 27.31 22.5M
Facebook FB 80.33 81.38 80.23 80.88 21.6M
Verizon Communications VZ 49.78 49.80 49.55 49.60 15M
Comcast CMCSA 56.69 57.18 56.65 56.97 14M
Gilead Sciences GILD 109.59 111.33 109.36 111.00 13.7M
Coca-Cola KO 41.49 41.49 41.25 41.32 11.5M
Wells Fargo & Co. WFC 55.58 55.98 55.55 55.75 10.6M
JPMorgan Chase JPM 65.80 66.54 65.80 66.42 10.5M
Johnson & Johnson JNJ 102.37 104.34 102.32 103.42 10.5M
General Motors GM 34.97 35.21 34.85 35.05 10.3M
HP Inc. HPQ 33.49 33.52 33.01 33.25 8.77M
Wal-Mart Stores WMT 79.37 79.94 79.16 79.92 8.3M
Merck MRK 60.17 60.45 60.01 60.01 7.19M
Home Depot HD 113.87 114.60 113.16 114.33 6.86M
ExxonMobil XOM 87.31 87.46 86.78 86.85 6.4M
Chevron CVX 107.50 107.51 106.58 106.65 6.39M
Oracle Corp. ORCL 43.94 44.41 43.88 44.24 6.07M
Procter & Gamble PG 80.97 81.13 80.50 80.74 5.59M
Visa V 69.74 70.24 69.13 70.00 5.55M
ConocoPhillips COP 65.75 66.22 65.18 66.04 5.16M
Altria MO 52.61 52.80 51.93 51.95 4.94M
Walt Disney & Co. DIS 110.47 110.74 110.01 110.33 4.87M
Union Pacific UNP 103.30 104.37 103.07 103.95 4.35M
Bristol-Myers Squibb BMY 67.64 68.13 67.59 68.00 4.29M
Abbott Laboratories ABT 48.78 49.09 48.77 48.84 4.22M
McDonald's MCD 97.97 98.25 97.62 98.02 4.1M
Schlumberger SLB 91.96 93.00 91.65 92.75 4.02M
Pepsico PEP 98.01 98.33 97.67 98.05 3.33M
UnitedHealth Group UNH 119.22 119.98 118.84 119.80 2.82M
United Technologies UTX 118.53 119.12 118.40 118.51 2.43M
Amazon AMZN 426.00 427.27 421.46 425.24 2.39M
Berkshire Hathaway BRK.B 145.39 145.90 145.04 145.83 2.27M
Amgen AMGN 161.70 163.90 161.27 163.44 2.15M
Boeing BA 146.88 147.24 146.30 146.71 2.15M
International Business Machines IBM 173.44 173.49 172.30 173.06 1.97M
3M MMM 163.00 163.59 162.31 162.87 1.75M
Alphabet GOOGL 543.82 548.34 542.25 546.67 1.34M
Exchange Rates of May 18, 2015
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.884 EUR 1 EUR = 1.132 USD
US Dollar Japanese Yen 1 USD = 119.985 JPY 1 JPY = 0.008 USD
US Dollar Pound Sterling 1 USD = 0.639 GBP 1 GBP = 1.566 USD
US Dollar Australian Dollar 1 USD = 1.251 AUD 1 AUD = 0.799 USD
US Dollar Canadian Dollar 1 USD = 1.215 CAD 1 CAD = 0.823 USD
US Dollar Swiss Franc 1 USD = 0.926 CHF 1 CHF = 1.080 USD
US Dollar Chinese Yuan 1 USD = 6.204 CNY 1 CNY = 0.161 USD
US Dollar Mexican Peso 1 USD = 15.097 MXN 1 MXN = 0.066 USD
US Dollar Swidish Krona 1 USD = 8.233 SEK 1 SEK = 0.121 USD
Euro Japanese Yen 1 EUR = 135.760 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.723 GBP 1 GBP = 1.384 EUR
Euro Australian Dollar 1 EUR = 1.415 AUD 1 AUD = 0.707 EUR
Euro Canadian Dollar 1 EUR = 1.375 CAD 1 CAD = 0.727 EUR
Euro Swiss Franc 1 EUR = 1.048 CHF 1 CHF = 0.954 EUR
Euro Chinese Yuan 1 EUR = 7.019 CNY 1 CNY = 0.142 EUR
Euro Mexican Peso 1 EUR = 17.090 MXN 1 MXN = 0.059 EUR
Euro Swidish Krona 1 EUR = 9.317 SEK 1 SEK = 0.107 EUR
Japanese Yen Pound Sterling 1 JPY = 0.005 GBP 1 GBP = 188.679 JPY
Japanese Yen Australian Dollar 1 JPY = 0.010 AUD 1 AUD = 96.154 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.010 CAD 1 CAD = 99.010 JPY
Japanese Yen Swiss Franc 1 JPY = 0.008 CHF 1 CHF = 129.870 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.052 CNY 1 CNY = 19.342 JPY
Japanese Yen Mexican Peso 1 JPY = 0.126 MXN 1 MXN = 7.949 JPY
Japanese Yen Swidish Krona 1 JPY = 0.069 SEK 1 SEK = 14.577 JPY
Pound Sterling Australian Dollar 1 GBP = 1.959 AUD 1 AUD = 0.511 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.903 CAD 1 CAD = 0.526 GBP
Pound Sterling Swiss Franc 1 GBP = 1.450 CHF 1 CHF = 0.690 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.713 CNY 1 CNY = 0.103 GBP
Pound Sterling Mexican Peso 1 GBP = 23.635 MXN 1 MXN = 0.042 GBP
Pound Sterling Swidish Krona 1 GBP = 12.890 SEK 1 SEK = 0.078 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.971 CAD 1 CAD = 1.030 AUD
Australian Dollar Swiss Franc 1 AUD = 0.740 CHF 1 CHF = 1.351 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.958 CNY 1 CNY = 0.202 AUD
Australian Dollar Mexican Peso 1 AUD = 12.071 MXN 1 MXN = 0.083 AUD
Australian Dollar Swidish Krona 1 AUD = 6.579 SEK 1 SEK = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.762 CHF 1 CHF = 1.313 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.105 CNY 1 CNY = 0.196 CAD
Canadian Dollar Mexican Peso 1 CAD = 12.429 MXN 1 MXN = 0.080 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.773 SEK 1 SEK = 0.148 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.698 CNY 1 CNY = 0.149 CHF
Swiss Franc Mexican Peso 1 CHF = 16.309 MXN 1 MXN = 0.061 CHF
Swiss Franc Swidish Krona 1 CHF = 8.889 SEK 1 SEK = 0.113 CHF
Chinese Yuan Swidish Krona 1 CNY = 1.324 SEK 1 SEK = 0.756 CNY

See what else happened on May 18, 2015