Financial news on May 20, 2014

Business and Financial news
After Fed, Bernanke Offers His Wisdom, for a Big Fee

Ben S. Bernanke, the former chairman of the Federal Reserve, is poised to make millions of dollars from speaking engagements this year. Read more..

By ALEXANDRA STEVENSON - The New York Times

A Web Platform Connects Start-Ups and Angel Investors

Start-ups are not charged, and Gust does not take a percentage of any money they raise nor any of their equity. Read more..

By EILENE ZIMMERMAN - The New York Times

Battle Over Darden Leaves Little Room for Compromise

A dispute over the sale of Red Lobster is only the latest in Darden’s scorched-earth campaign to fight off activist investors. Read more..

By STEVEN M. DAVIDOFF - The New York Times

Cobham Acquires Wireless Communications Company for $1.46 Billion

The British aerospace company Cobham will pay about $920 million for the wireless communications company Aeroflex Holding Corporation and assume $540 million in debt. Read more..

By CHAD BRAY - The New York Times

Credit Suisse Investors Shrug Off Tax Plea

Brady Dougan, the bank’s chief executive, said Credit Suisse took full responsibility for its actions, but said the bank had “found no instances where clients cannot do business with us.” Read more..

By JENNY ANDERSON - The New York Times

Daily Report: AT&T-DirecTV Deal Complicates Regulatory Task

While AT&T’s bid for DirecTV bears similarity to Comcast’s deal for Time Warner Cable, experts say the differences could lead regulators to separate conclusions for each one. Read more..

By THE NEW YORK TIMES - The New York Times

Dealing With Debt Collectors

If you are deemed to be in default on a personal debt, your account is likely to be handled by someone other than the original creditor. Read more..

By ANN CARRNS - The New York Times

Mixed Signals in a Corporate Felon's Punishment

The government’s concern with minimizing the collateral consequences for Credit Suisse almost gives the impression that this was a guilty plea without all the guilt. Read more..

By PETER J. HENNING - The New York Times

Ryanair Feels the Squeeze as Rivals Lower Fares

Ryanair reports quarterly profit of 523 million euros, or $716 million, down 8 percent from 569 million euros in year-ago quarter; sales rose 3 percent to 5 billion euros. Read more..

By NICOLA CLARK - The New York Times

Senators Introduce Proposal to Curb Inversions

The bill would effectively place a two-year moratorium on the transactions, halting the rush by United States’ corporations to reincorporate overseas to lower their tax bills. Read more..

By DAVID GELLES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 24.26 24.39 24.02 24.12 56.3M
Facebook FB 59.50 60.19 58.18 58.56 53.9M
AT&T Inc. T 36.35 36.35 35.42 35.50 40M
General Motors GM 34.16 34.30 32.96 33.07 24.9M
Pfizer PFE 29.54 29.54 29.21 29.25 24.9M
General Electric GE 26.61 26.62 26.15 26.30 23.5M
Intel INTC 26.02 26.17 25.88 26.04 22.3M
Microsoft MSFT 39.68 39.94 39.46 39.68 21.3M
JPMorgan Chase JPM 53.72 54.04 53.41 53.72 16.9M
Home Depot HD 77.92 78.82 77.40 77.96 15.4M
Wells Fargo & Co. WFC 49.36 49.46 48.87 48.96 15.1M
Verizon Communications VZ 49.36 49.38 48.62 48.65 14M
Comcast CMCSA 50.79 50.94 50.44 50.65 12.5M
Oracle Corp. ORCL 42.07 42.10 41.45 41.56 10.6M
Gilead Sciences GILD 82.04 82.47 80.72 81.14 10.6M
Coca-Cola KO 40.80 40.93 40.57 40.58 9.64M
HP Inc. HPQ 33.14 33.24 32.69 32.80 8.77M
Apple AAPL 604.51 606.40 600.73 604.71 8.39M
Merck MRK 56.22 56.26 55.73 56.00 7.86M
Wal-Mart Stores WMT 76.36 76.37 75.52 75.69 7.44M
Bristol-Myers Squibb BMY 49.13 49.33 48.47 48.76 7.33M
Procter & Gamble PG 80.02 80.58 79.97 80.23 7.06M
ExxonMobil XOM 100.69 101.08 100.45 100.67 6.13M
Walt Disney & Co. DIS 80.94 81.76 80.52 81.09 6.02M
Altria MO 40.18 40.28 39.96 40.03 5.96M
Abbott Laboratories ABT 39.83 39.83 39.35 39.54 5.44M
Johnson & Johnson JNJ 100.81 100.98 99.96 100.25 5.44M
Pepsico PEP 85.96 86.24 85.36 85.65 4.51M
ConocoPhillips COP 78.50 78.68 78.12 78.54 4.35M
Amazon AMZN 297.10 304.46 296.75 301.19 4.1M
Chevron CVX 122.95 123.10 122.24 122.50 4.04M
Schlumberger SLB 100.03 100.92 99.97 100.39 3.9M
United Technologies UTX 114.83 115.13 112.60 113.10 3.75M
Amgen AMGN 112.80 112.85 111.89 112.22 3.23M
McDonald's MCD 102.05 102.44 101.44 101.53 3.12M
International Business Machines IBM 186.25 186.70 184.70 184.89 3.03M
Boeing BA 130.94 131.60 129.07 129.58 3M
UnitedHealth Group UNH 77.19 77.40 76.36 76.66 2.81M
Alphabet GOOGL 540.00 546.35 536.57 540.39 2.43M
Berkshire Hathaway BRK.B 126.92 126.94 125.70 126.06 2.29M
Visa V 210.32 210.32 207.40 207.92 2.18M
3M MMM 141.60 141.90 139.89 140.23 1.85M
Union Pacific UNP 195.55 196.38 193.20 193.87 1.83M
Exchange Rates of May 20, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.310 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.091 CAD 1 CAD = 0.917 USD
US Dollar Swiss Franc 1 USD = 0.892 CHF 1 CHF = 1.121 USD
US Dollar Chinese Yuan 1 USD = 6.238 CNY 1 CNY = 0.160 USD
Euro Japanese Yen 1 EUR = 138.770 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.813 GBP 1 GBP = 1.230 EUR
Euro Australian Dollar 1 EUR = 1.482 AUD 1 AUD = 0.675 EUR
Euro Canadian Dollar 1 EUR = 1.494 CAD 1 CAD = 0.669 EUR
Euro Swiss Franc 1 EUR = 1.222 CHF 1 CHF = 0.818 EUR
Euro Chinese Yuan 1 EUR = 8.545 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.586 GBP 1 GBP = 1.707 JPY
Japanese Yen Australian Dollar 1 JPY = 1.067 AUD 1 AUD = 0.937 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.076 CAD 1 CAD = 0.929 JPY
Japanese Yen Swiss Franc 1 JPY = 0.880 CHF 1 CHF = 1.136 JPY
Pound Sterling Australian Dollar 1 GBP = 1.822 AUD 1 AUD = 0.549 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.836 CAD 1 CAD = 0.545 GBP
Pound Sterling Swiss Franc 1 GBP = 1.502 CHF 1 CHF = 0.666 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.503 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.008 CAD 1 CAD = 0.992 AUD
Australian Dollar Swiss Franc 1 AUD = 0.824 CHF 1 CHF = 1.213 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.764 CNY 1 CNY = 0.173 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.818 CHF 1 CHF = 1.223 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.719 CNY 1 CNY = 0.175 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.992 CNY 1 CNY = 0.143 CHF

See what else happened on May 20, 2014