Financial news on May 25, 2007

Business and Financial news
Ann Taylor and Gap Say Earnings Fell in the Quarter

Record gasoline prices, in addition to the coldest April in a decade, discouraged shopping during the quarter. Read more..

By BLOOMBERG NEWS - The New York Times

Apologetic, Home Depot Tries to Move Beyond Nardelli’s Shadow

Robert L. Nardelli, Home Depot’s ousted chief executive, loomed large over this year’s annual shareholder meeting. Read more..

By MICHAEL BARBARO - The New York Times

China’s Leaders Confront Their Manic Market

China’s bigger challenges lie in how to rein in the soaring stock market and whom to pick as the next governor of the central bank. Read more..

By KEITH BRADSHER - The New York Times

Coming Soon to Wal-Mart: 2 Dell PCs

Dell will sell only two models of multimedia computers at Wal-Mart, the first step toward transforming its direct-sales strategy. Read more..

By MATT RICHTEL - The New York Times

Congress Putting Long-Term Care Under Scrutiny

A Congressional committee began looking into business practices in the long-term care insurance industry. Read more..

By CHARLES DUHIGG - The New York Times

F.B.I. Seizes Air Ambulance Company’s Files

Investigators have seized records from Air Evac Lifeteam as part of an investigation into possible health care fraud. Read more..

By BARRY MEIER - The New York Times

More Than Ever, It Pays to Be the Top Executive

The gap between the chief executive’s pay and the pay of executives a rank or two down is quickly widening. Read more..

By EDUARDO PORTER - The New York Times

Senator Says F.D.A. Was Lax on Label for Avandia

Federal regulators did not act on a recommendation from their safety reviewers about the risk of heart attacks for the diabetes drug Avandia. Read more..

By BLOOMBERG NEWS - The New York Times

U.S. Growth Expected to Cool, Falling Below Pace in Europe

The Organization for Economic Cooperation and Development said a slowdown in the U.S. housing market will limit economic expansion. Read more..

By CARTER DOUGHERTY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.5425.6825.4025.5242.7M
Oracle Corp.ORCL18.8919.3018.8419.2424.6M
General ElectricGE37.3637.6337.3237.5623.9M
HP Inc.HPQ45.3245.8745.3245.6216.2M
AT&T Inc.T40.4740.9740.4340.7613.6M
Abbott LaboratoriesABT56.3056.7355.0756.3712M
JPMorgan ChaseJPM51.5351.8551.2651.6410.8M
Verizon CommunicationsVZ42.5542.6042.2842.5010.5M
Home DepotHD38.9239.0038.2538.389.63M
Procter & GamblePG63.3063.3962.8562.969.44M
Bristol-Myers SquibbBMY30.0830.2329.9830.058.8M
Wal-Mart StoresWMT46.8047.0046.6446.918.8M
Johnson & JohnsonJNJ63.4363.5863.0963.198.49M
Wells Fargo & Co.WFC36.0736.1435.9036.137.72M
Walt Disney & Co.DIS35.9136.1535.6436.036.4M
International Business MachinesIBM103.90105.43103.85105.186.12M
UnitedHealth GroupUNH54.6054.6154.0354.414.91M
United TechnologiesUTX68.0768.9568.0068.622.92M
Gilead SciencesGILD82.4782.7881.6181.742.52M
Union PacificUNP118.06119.34117.75117.961.33M
Berkshire HathawayBRK.B3618.003660.003612.503660.009.5K
Exchange Rates of May 25, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.780 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.080 CAD1 CAD = 0.926 USD
US DollarSwiss Franc1 USD = 1.228 CHF1 CHF = 0.814 USD
US DollarChinese Yuan1 USD = 7.652 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 163.700 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.476 EUR
EuroAustralian Dollar1 EUR = 1.643 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.452 CAD1 CAD = 0.689 EUR
EuroSwiss Franc1 EUR = 1.651 CHF1 CHF = 0.606 EUR
Japanese YenPound Sterling1 JPY = 0.414 GBP1 GBP = 2.418 JPY
Japanese YenAustralian Dollar1 JPY = 1.003 AUD1 AUD = 0.997 JPY
Japanese YenCanadian Dollar1 JPY = 0.886 CAD1 CAD = 1.128 JPY
Japanese YenSwiss Franc1 JPY = 1.008 CHF1 CHF = 0.992 JPY
Pound SterlingAustralian Dollar1 GBP = 2.425 AUD1 AUD = 0.412 GBP
Pound SterlingCanadian Dollar1 GBP = 2.142 CAD1 CAD = 0.467 GBP
Pound SterlingSwiss Franc1 GBP = 2.436 CHF1 CHF = 0.411 GBP
Australian DollarCanadian Dollar1 AUD = 0.883 CAD1 CAD = 1.133 AUD
Australian DollarSwiss Franc1 AUD = 1.004 CHF1 CHF = 0.996 AUD
Canadian DollarSwiss Franc1 CAD = 1.137 CHF1 CHF = 0.880 CAD

See what else happened on May 25, 2007