Financial news on May 20th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.2624.3924.0224.1256.3M
AT&T Inc.T36.3536.3535.4235.5040M
General MotorsGM34.1634.3032.9633.0724.9M
General ElectricGE26.6126.6226.1526.3023.5M
JPMorgan ChaseJPM53.7254.0453.4153.7216.9M
Home DepotHD77.9278.8277.4077.9615.4M
Wells Fargo & Co.WFC49.3649.4648.8748.9615.1M
Verizon CommunicationsVZ49.3649.3848.6248.6514M
Oracle Corp.ORCL42.0742.1041.4541.5610.6M
Gilead SciencesGILD82.0482.4780.7281.1410.6M
HP Inc.HPQ33.1433.2432.6932.808.77M
Wal-Mart StoresWMT76.3676.3775.5275.697.44M
Bristol-Myers SquibbBMY49.1349.3348.4748.767.33M
Procter & GamblePG80.0280.5879.9780.237.06M
Walt Disney & Co.DIS80.9481.7680.5281.096.02M
Abbott LaboratoriesABT39.8339.8339.3539.545.44M
Johnson & JohnsonJNJ100.81100.9899.96100.255.44M
United TechnologiesUTX114.83115.13112.60113.103.75M
International Business MachinesIBM186.25186.70184.70184.893.03M
UnitedHealth GroupUNH77.1977.4076.3676.662.81M
Berkshire HathawayBRK.B126.92126.94125.70126.062.29M
Union PacificUNP195.55196.38193.20193.871.83M
Exchange Rates of May 20th, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.310 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.091 CAD1 CAD = 0.917 USD
US DollarSwiss Franc1 USD = 0.892 CHF1 CHF = 1.121 USD
US DollarChinese Yuan1 USD = 6.238 CNY1 CNY = 0.160 USD
EuroJapanese Yen1 EUR = 138.770 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.813 GBP1 GBP = 1.230 EUR
EuroAustralian Dollar1 EUR = 1.482 AUD1 AUD = 0.675 EUR
EuroCanadian Dollar1 EUR = 1.494 CAD1 CAD = 0.669 EUR
EuroSwiss Franc1 EUR = 1.222 CHF1 CHF = 0.818 EUR
EuroChinese Yuan1 EUR = 8.545 CNY1 CNY = 0.117 EUR
Japanese YenPound Sterling1 JPY = 0.586 GBP1 GBP = 1.707 JPY
Japanese YenAustralian Dollar1 JPY = 1.067 AUD1 AUD = 0.937 JPY
Japanese YenCanadian Dollar1 JPY = 1.076 CAD1 CAD = 0.929 JPY
Japanese YenSwiss Franc1 JPY = 0.880 CHF1 CHF = 1.136 JPY
Pound SterlingAustralian Dollar1 GBP = 1.822 AUD1 AUD = 0.549 GBP
Pound SterlingCanadian Dollar1 GBP = 1.836 CAD1 CAD = 0.545 GBP
Pound SterlingSwiss Franc1 GBP = 1.502 CHF1 CHF = 0.666 GBP
Pound SterlingChinese Yuan1 GBP = 10.503 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 1.008 CAD1 CAD = 0.992 AUD
Australian DollarSwiss Franc1 AUD = 0.824 CHF1 CHF = 1.213 AUD
Australian DollarChinese Yuan1 AUD = 5.764 CNY1 CNY = 0.173 AUD
Canadian DollarSwiss Franc1 CAD = 0.818 CHF1 CHF = 1.223 CAD
Canadian DollarChinese Yuan1 CAD = 5.719 CNY1 CNY = 0.175 CAD
Swiss FrancChinese Yuan1 CHF = 6.992 CNY1 CNY = 0.143 CHF

See what else happened on May 20th, 2014