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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 30.28 30.66 30.18 30.48 47.7M
Cisco Systems CSCO 25.54 25.68 25.40 25.52 42.7M
Intel INTC 22.12 22.30 22.04 22.16 38M
Pfizer PFE 27.28 27.55 27.24 27.53 26.9M
Oracle Corp. ORCL 18.89 19.30 18.84 19.24 24.6M
General Electric GE 37.36 37.63 37.32 37.56 23.9M
Apple AAPL 112.00 113.78 111.50 113.62 22.6M
ExxonMobil XOM 82.74 83.68 82.66 83.51 17.8M
HP Inc. HPQ 45.32 45.87 45.32 45.62 16.2M
ConocoPhillips COP 75.75 76.55 75.41 76.42 15.3M
AT&T Inc. T 40.47 40.97 40.43 40.76 13.6M
Merck MRK 53.65 53.75 53.48 53.70 12.6M
Comcast CMCSA 27.02 27.36 26.87 27.24 12.4M
Abbott Laboratories ABT 56.30 56.73 55.07 56.37 12M
Amgen AMGN 54.05 54.56 54.02 54.55 11.5M
JPMorgan Chase JPM 51.53 51.85 51.26 51.64 10.8M
Alphabet GOOGL 479.70 484.95 477.27 483.52 10.7M
Verizon Communications VZ 42.55 42.60 42.28 42.50 10.5M
Amazon AMZN 69.69 69.70 68.25 68.55 9.99M
Home Depot HD 38.92 39.00 38.25 38.38 9.63M
Procter & Gamble PG 63.30 63.39 62.85 62.96 9.44M
Coca-Cola KO 51.56 52.18 51.49 51.89 9.25M
Bristol-Myers Squibb BMY 30.08 30.23 29.98 30.05 8.8M
Wal-Mart Stores WMT 46.80 47.00 46.64 46.91 8.8M
Johnson & Johnson JNJ 63.43 63.58 63.09 63.19 8.49M
Wells Fargo & Co. WFC 36.07 36.14 35.90 36.13 7.72M
Chevron CVX 80.40 81.13 80.28 81.13 6.84M
Walt Disney & Co. DIS 35.91 36.15 35.64 36.03 6.4M
International Business Machines IBM 103.90 105.43 103.85 105.18 6.12M
Altria MO 70.37 70.81 70.18 70.78 5.94M
Schlumberger SLB 79.54 79.90 78.32 79.24 5.58M
McDonald's MCD 50.94 51.29 50.73 50.90 4.97M
UnitedHealth Group UNH 54.60 54.61 54.03 54.41 4.91M
Pepsico PEP 68.38 69.00 68.38 68.82 4.08M
Boeing BA 98.30 98.64 97.38 98.25 3.25M
United Technologies UTX 68.07 68.95 68.00 68.62 2.92M
3M MMM 87.55 87.98 87.16 87.35 2.79M
Gilead Sciences GILD 82.47 82.78 81.61 81.74 2.52M
Union Pacific UNP 118.06 119.34 117.75 117.96 1.33M
Berkshire Hathaway BRK.B 3618.00 3660.00 3612.50 3660.00 9.5K
Exchange Rates of May 25, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.780 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.080 CAD 1 CAD = 0.926 USD
US Dollar Swiss Franc 1 USD = 1.228 CHF 1 CHF = 0.814 USD
US Dollar Chinese Yuan 1 USD = 7.652 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 163.700 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.678 GBP 1 GBP = 1.476 EUR
Euro Australian Dollar 1 EUR = 1.643 AUD 1 AUD = 0.609 EUR
Euro Canadian Dollar 1 EUR = 1.452 CAD 1 CAD = 0.689 EUR
Euro Swiss Franc 1 EUR = 1.651 CHF 1 CHF = 0.606 EUR
Japanese Yen Pound Sterling 1 JPY = 0.414 GBP 1 GBP = 2.418 JPY
Japanese Yen Australian Dollar 1 JPY = 1.003 AUD 1 AUD = 0.997 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.886 CAD 1 CAD = 1.128 JPY
Japanese Yen Swiss Franc 1 JPY = 1.008 CHF 1 CHF = 0.992 JPY
Pound Sterling Australian Dollar 1 GBP = 2.425 AUD 1 AUD = 0.412 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.142 CAD 1 CAD = 0.467 GBP
Pound Sterling Swiss Franc 1 GBP = 2.436 CHF 1 CHF = 0.411 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.883 CAD 1 CAD = 1.133 AUD
Australian Dollar Swiss Franc 1 AUD = 1.004 CHF 1 CHF = 0.996 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.137 CHF 1 CHF = 0.880 CAD

See what else happened on May 25, 2007