Financial news on May 21, 2014

Business and Financial news
A Flurry of Recalls at G.M. as Pressure Mounts

General Motors issues four new recalls, bringing its total for 2014 to 13.5 million vehicles; recalls represent extraordinary about-face for nation's largest automaker, but newly aggressive approach to safety has not mollified some of GM's toughest critics. Read more..

By BILL VLASIC and CHRISTOPHER JENSEN - The New York Times

Commerzbank Suspends 2 Currency Traders

The German lender Commerzbank said the traders were suspended for breaking internal rules, calling the incident “isolated” and stating that “the bank and the individuals concerned in no way profited.” Read more..

By CHAD BRAY - The New York Times

Fewer Mortgages Are ‘Underwater’

During the first three months of this year, 18.8 percent of homeowners with a mortgage — 9.7 million — owed more on their loans than their properties would sell for. Read more..

By THE ASSOCIATED PRESS - The New York Times

Lower Manhattan Will Undergo a Retail Revival

Lower Manhattan is poised to undergo revival as post 9/11 construction ends, turning area into shopping destination with two massive retail centers; 150 stores are planned for World Trade Center retail complex, with luxury boutiques and food specialty shops along Hudson River. Read more..

By JULIE SATOW - The New York Times

NPR Ending a Program With Focus on Diversity

NPR says it will cancel its midday program Tell Me More, which was meant to attract African-Americans and other listeners of color; decision is part of efforts to close $6 million deficit, and will eliminate 28 jobs across newsroom; NPR’s board has adopted strategic plan, including mandate to expand diversity, and hired new chief executive, Jarl Mohn, who promises similar focus on appealing to more diverse audiences. Read more..

By ELIZABETH JENSEN - The New York Times

Petco to Stop Selling Treats Made in China

Petco says it will stop selling dog and cat treats made in China due to persistent fears that they are making pets sick; Food and Drug Administration investigators began receiving reports of illnesses in 2007, with latest update saying it has received more than 4,800 complaints and more than 1,000 reports of dog deaths resulting from Chinese-made jerky treats. Read more..

By THE ASSOCIATED PRESS - The New York Times

Today in Small Business: Why Most Successful Start-Ups Are Self-Funded

Four ways to cut your expenses. One hundred websites for entrepreneurs. Would small-business owners do it all over again? Read more..

By GENE MARKS - The New York Times

Wheelies: The Luxury G.M. Trucks Edition

GMC emerges as G.M.’s strongest post-bankruptcy marque; the company that bought Fisker promises to build E.V.s in the United States. Read more..

By BENJAMIN PRESTON - The New York Times

Yum Brands Sets Plan for Transition at Taco Bell

Yum Brands says Brian Niccol will take helm at Taco Bell, its thriving Mexican fast-food chain; will replace current chief executive Greg Creed when he takes over as chief executive of Yum in 2015. Read more..

By STEPHANIE STROM - The New York Times

Zico’s New Coconut Water Pitch: Spandex Not Necessary

Andrew Adam Newman Advertising column; Zico is introducing its largest advertising campaign, featuring actress Jessica Alba, that portrays its coconut water as an anytime beverage instead of just a sports drink. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 24.22 24.65 24.17 24.48 65.3M
Facebook FB 58.56 60.50 58.25 60.49 59M
AT&T Inc. T 35.67 35.71 35.09 35.27 32.7M
Microsoft MSFT 39.80 40.35 39.74 40.35 22.4M
Pfizer PFE 29.25 29.92 29.20 29.57 21.4M
Intel INTC 26.10 26.25 26.00 26.20 18.7M
General Electric GE 26.37 26.52 26.35 26.49 17.4M
Verizon Communications VZ 48.90 49.36 48.82 49.17 13.9M
JPMorgan Chase JPM 54.05 54.60 53.98 54.12 13.2M
Wells Fargo & Co. WFC 49.18 49.81 49.16 49.67 12.9M
Comcast CMCSA 50.60 51.38 50.53 51.35 12.6M
General Motors GM 33.15 33.62 33.10 33.46 12.4M
Oracle Corp. ORCL 41.67 41.79 41.48 41.68 11.2M
HP Inc. HPQ 32.98 33.09 32.38 32.52 10.3M
Gilead Sciences GILD 81.26 81.98 80.68 81.81 9.04M
Coca-Cola KO 40.55 40.88 40.50 40.87 8.61M
Altria MO 40.10 40.77 40.01 40.64 7.95M
ExxonMobil XOM 100.85 102.22 100.72 102.03 7.75M
Apple AAPL 603.83 606.70 602.06 606.31 7.03M
Home Depot HD 78.25 78.51 77.75 78.08 6.69M
Merck MRK 56.20 56.62 56.13 56.58 6.65M
Procter & Gamble PG 80.34 80.67 80.02 80.49 6.34M
Wal-Mart Stores WMT 75.94 75.96 75.27 75.66 5.7M
Johnson & Johnson JNJ 100.60 101.20 100.53 101.14 5.3M
Bristol-Myers Squibb BMY 48.92 49.15 48.68 48.71 5.16M
Chevron CVX 123.00 124.36 122.94 124.16 4.76M
Walt Disney & Co. DIS 81.42 82.34 81.42 82.19 4.74M
ConocoPhillips COP 78.24 78.66 78.04 78.53 4.48M
Abbott Laboratories ABT 39.55 39.67 39.36 39.56 4.35M
Schlumberger SLB 100.84 101.74 100.81 101.58 4.11M
Amazon AMZN 302.21 305.96 301.52 305.01 3.41M
United Technologies UTX 113.60 114.96 113.60 114.84 3.33M
International Business Machines IBM 185.85 187.16 184.95 186.39 2.99M
Amgen AMGN 112.08 113.84 111.96 113.49 2.81M
McDonald's MCD 101.71 102.58 101.55 102.56 2.74M
Pepsico PEP 85.78 86.15 85.53 86.10 2.65M
Boeing BA 130.43 131.43 130.04 130.96 2.48M
UnitedHealth Group UNH 76.71 77.88 76.63 77.72 2.4M
Visa V 208.85 210.67 208.59 210.10 2.27M
Berkshire Hathaway BRK.B 126.50 126.94 126.22 126.66 1.92M
3M MMM 139.77 140.79 139.77 140.66 1.64M
Alphabet GOOGL 542.90 549.75 542.11 549.70 1.56M
Union Pacific UNP 194.58 196.03 194.44 195.25 1.54M
Exchange Rates of May 21, 2014
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 101.430 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.091 CAD 1 CAD = 0.916 USD
US Dollar Swiss Franc 1 USD = 0.893 CHF 1 CHF = 1.120 USD
US Dollar Chinese Yuan 1 USD = 6.234 CNY 1 CNY = 0.160 USD
Euro Japanese Yen 1 EUR = 138.810 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.810 GBP 1 GBP = 1.235 EUR
Euro Australian Dollar 1 EUR = 1.480 AUD 1 AUD = 0.676 EUR
Euro Canadian Dollar 1 EUR = 1.494 CAD 1 CAD = 0.669 EUR
Euro Swiss Franc 1 EUR = 1.223 CHF 1 CHF = 0.818 EUR
Euro Chinese Yuan 1 EUR = 8.531 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.583 GBP 1 GBP = 1.715 JPY
Japanese Yen Australian Dollar 1 JPY = 1.065 AUD 1 AUD = 0.939 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.076 CAD 1 CAD = 0.930 JPY
Japanese Yen Swiss Franc 1 JPY = 0.881 CHF 1 CHF = 1.136 JPY
Pound Sterling Australian Dollar 1 GBP = 1.827 AUD 1 AUD = 0.547 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.844 CAD 1 CAD = 0.542 GBP
Pound Sterling Swiss Franc 1 GBP = 1.510 CHF 1 CHF = 0.662 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.533 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.009 CAD 1 CAD = 0.991 AUD
Australian Dollar Swiss Franc 1 AUD = 0.826 CHF 1 CHF = 1.211 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 = 1.222 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.711 CNY 1 CNY = 0.175 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.977 CNY 1 CNY = 0.143 CHF

See what else happened on May 21, 2014