Financial news on May 21, 2015

Business and Financial news
Altice’s Deal to Buy Suddenlink May Be Prelude to Pursuit of Time Warner Cable

European telecom firm Altice gains foothold in United States with $9.1 billion purchase of Suddenlink Communications; deal comes ahead of possible bid for Time Warner Cable. Read more..

By MARK SCOTT and EMILY STEEL - The New York Times

Benjamin Lawsky, Sheriff of Wall Street, Is Taking Off His Badge

Benjamin M Lawsky, New York State Dept of Financial Services superintendent, announces he will leave post in late June to start his own legal and consulting firm; his cases against big banks established his reputation as 'new sheriff of Wall Street' and thorn in side of financial industry. Read more..


Epix Joining the World of Scripted TV With Two Original Series

Premium television network Epix announces it is joining competition in world of scripted television series with two original offerings: Graves, a half-hour comedy and Berlin Station, a one-hour spy thriller. Read more..

By EMILY STEEL - The New York Times

Fed Minutes Show Policy Makers Lean Toward a Rate Rise After June

Minutes from Federal Reserve's policy-making meeting in April show officials are leaning toward benchmark interest rate increase after June; attribute slow start to economy to cold winter and West Coast port disruptions, and generally forecast a rebound. Read more..


Guilty Pleas and Heavy Fines Seem to Be Cost of Business for Wall St.

Even as big banks pay millions in penalties in various financial cases, it seems as if the same cast of corporate characters keeps reappearing. Read more..

By PETER J. HENNING - The New York Times

Members of Congress Ask for Review of Dropped Espionage Case

In a letter to Attorney General Loretta E. Lynch, 22 members of Congress are asking if race played a role in the investigation of a Chinese-American hydrologist accused of spying for China. Read more..

By NICOLE PERLROTH - The New York Times

No Reduced Bail for ‘Flash Crash’ Trader

London Judge Ross Cranston denies appeal by futures trader Navinder Singh Sarao to reduce his bail after being accused of helping cause stock market 'flash crash' in 2010. Read more..

By JENNY ANDERSON - The New York Times

Students and Money, in Their Own Words

Each year, we put out a call for college application essays about money, work and social class. This year, we picked seven — about pizza, parental sacrifice, prep school students, discrimination and deprivation. Read more..

Compiled by RON LIEBER - The New York Times

Video Feature: As California Thirsts, These Apps Help Save Water

Kit Eaton App Smart examines apps that help people learn about and reduce their home water consumption. Read more..

By KIT EATON - The New York Times

What to Make of the Topsy-Turvy Bond Market

Volatility in a normally calm sector is a sign that the number of players in the market responding to prices in an economically rational way is small. Read more..

By NEIL IRWIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
AT&T Inc.T34,5535,2234,5235,0741.6M
General ElectricGE27,6827,7927,5527,7240.3M
Cisco SystemsCSCO29,6129,7729,4329,4320.8M
General MotorsGM35,0035,6635,0035,5816M
Verizon CommunicationsVZ49,6850,1049,6749,9015.7M
Wells Fargo & Co.WFC55,9156,1855,8356,0113.5M
HP Inc.HPQ33,1033,9433,0233,8313.4M
JPMorgan ChaseJPM66,1466,6866,0166,6512.9M
Gilead SciencesGILD109,90111,47109,81111,228.37M
Oracle Corp.ORCL44,2244,4543,9544,288.04M
Johnson & JohnsonJNJ102,91103,30102,34102,426.88M
Wal-Mart StoresWMT75,8076,4275,5676,116.76M
Procter & GamblePG80,1780,5879,8480,416.06M
Union PacificUNP102,99105,65102,62104,965.94M
Walt Disney & Co.DIS110,04110,64109,90110,394.88M
Home DepotHD111,98112,33111,62112,014.24M
Abbott LaboratoriesABT49,0649,4348,9049,344.19M
Bristol-Myers SquibbBMY68,9469,0168,4668,893.99M
UnitedHealth GroupUNH120,76120,84120,05120,462.98M
International Business MachinesIBM173,32174,14173,04173,342.3M
Berkshire HathawayBRK.B145,60145,93145,16145,272.29M
United TechnologiesUTX118,81119,66118,70119,122.12M
Exchange Rates of May 21, 2015
CurrenciesExchange Rates
US DollarEuro1 USD = 0,900 EUR1 EUR = 1,111 USD
US DollarJapanese Yen1 USD = 121,059 JPY1 JPY = 0,008 USD
US DollarPound Sterling1 USD = 0,639 GBP1 GBP = 1,566 USD
US DollarAustralian Dollar1 USD = 1,266 AUD1 AUD = 0,790 USD
US DollarCanadian Dollar1 USD = 1,220 CAD1 CAD = 0,820 USD
US DollarSwiss Franc1 USD = 0,937 CHF1 CHF = 1,067 USD
US DollarChinese Yuan1 USD = 6,197 CNY1 CNY = 0,161 USD
US DollarMexican Peso1 USD = 15,220 MXN1 MXN = 0,066 USD
US DollarSwidish Krona1 USD = 8,339 SEK1 SEK = 0,120 USD
EuroJapanese Yen1 EUR = 134,471 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,709 GBP1 GBP = 1,410 EUR
EuroAustralian Dollar1 EUR = 1,407 AUD1 AUD = 0,711 EUR
EuroCanadian Dollar1 EUR = 1,355 CAD1 CAD = 0,738 EUR
EuroSwiss Franc1 EUR = 1,041 CHF1 CHF = 0,961 EUR
EuroChinese Yuan1 EUR = 6,881 CNY1 CNY = 0,145 EUR
EuroMexican Peso1 EUR = 16,906 MXN1 MXN = 0,059 EUR
EuroSwidish Krona1 EUR = 9,263 SEK1 SEK = 0,108 EUR
Japanese YenPound Sterling1 JPY = 0,005 GBP1 GBP = 188,679 JPY
Japanese YenAustralian Dollar1 JPY = 0,011 AUD1 AUD = 95,238 JPY
Japanese YenCanadian Dollar1 JPY = 0,010 CAD1 CAD = 99,010 JPY
Japanese YenSwiss Franc1 JPY = 0,008 CHF1 CHF = 129,870 JPY
Japanese YenChinese Yuan1 JPY = 0,051 CNY1 CNY = 19,569 JPY
Japanese YenMexican Peso1 JPY = 0,126 MXN1 MXN = 7,955 JPY
Japanese YenSwidish Krona1 JPY = 0,069 SEK1 SEK = 14,535 JPY
Pound SterlingAustralian Dollar1 GBP = 1,983 AUD1 AUD = 0,504 GBP
Pound SterlingCanadian Dollar1 GBP = 1,911 CAD1 CAD = 0,523 GBP
Pound SterlingSwiss Franc1 GBP = 1,467 CHF1 CHF = 0,682 GBP
Pound SterlingChinese Yuan1 GBP = 9,702 CNY1 CNY = 0,103 GBP
Pound SterlingMexican Peso1 GBP = 23,832 MXN1 MXN = 0,042 GBP
Pound SterlingSwidish Krona1 GBP = 13,054 SEK1 SEK = 0,077 GBP
Australian DollarCanadian Dollar1 AUD = 0,963 CAD1 CAD = 1,038 AUD
Australian DollarSwiss Franc1 AUD = 0,740 CHF1 CHF = 1,352 AUD
Australian DollarChinese Yuan1 AUD = 4,891 CNY1 CNY = 0,204 AUD
Australian DollarMexican Peso1 AUD = 12,020 MXN1 MXN = 0,083 AUD
Australian DollarSwidish Krona1 AUD = 6,583 SEK1 SEK = 0,152 AUD
Canadian DollarSwiss Franc1 CAD = 0,768 CHF1 CHF = 1,303 CAD
Canadian DollarChinese Yuan1 CAD = 5,078 CNY1 CNY = 0,197 CAD
Canadian DollarMexican Peso1 CAD = 12,477 MXN1 MXN = 0,080 CAD
Canadian DollarSwidish Krona1 CAD = 6,832 SEK1 SEK = 0,146 CAD
Swiss FrancChinese Yuan1 CHF = 6,611 CNY1 CNY = 0,151 CHF
Swiss FrancMexican Peso1 CHF = 16,240 MXN1 MXN = 0,062 CHF
Swiss FrancSwidish Krona1 CHF = 8,898 SEK1 SEK = 0,112 CHF
Chinese YuanSwidish Krona1 CNY = 1,340 SEK1 SEK = 0,746 CNY

See what else happened on May 21, 2015