Financial news on July 2nd, 2008
Business and Financial news
A federal judge on Tuesday cleared the way for prosecutors to force the Swiss bank UBS to turn over the names of clients as part of an investigation of its offshore private banking practices. Read more..
Experts say the troubles dogging the economy will be stubborn, leaving in place tight credit and scant job opportunities perhaps well into next year. Read more..
A federal judge on Tuesday cleared the way for prosecutors to force the Swiss bank UBS to turn over the names of clients as part of an investigation of its offshore private banking practices. Read more..
Microsoft said on Tuesday that it would buy Powerset Inc., an Internet search company, the latest in a string of acquisitions aimed at bolstering its position online. Read more..
Already under scrutiny for its role in the credit crisis, the Moody’s Corporation said that some employees violated its code of conduct in rating some complex European securities. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 26.88 | 27.00 | 25.88 | 25.88 | 84.7M |
| General Electric | GE | 27.20 | 27.26 | 26.46 | 26.51 | 61.3M |
| Cisco Systems | CSCO | 23.13 | 23.19 | 22.67 | 22.84 | 59.4M |
| JPMorgan Chase | JPM | 34.36 | 35.75 | 34.23 | 34.60 | 51.8M |
| Intel | INTC | 21.60 | 21.81 | 20.87 | 20.93 | 47.8M |
| Pfizer | PFE | 17.84 | 17.86 | 17.60 | 17.62 | 38.3M |
| ExxonMobil | XOM | 88.50 | 89.63 | 87.24 | 87.41 | 34.3M |
| Wells Fargo & Co. | WFC | 24.22 | 24.78 | 23.55 | 23.59 | 34M |
| Oracle Corp. | ORCL | 21.28 | 21.40 | 20.80 | 20.82 | 32.3M |
| Apple | AAPL | 175.05 | 177.45 | 168.18 | 168.18 | 29.9M |
| UnitedHealth Group | UNH | 27.01 | 27.30 | 25.04 | 25.12 | 27.4M |
| Comcast | CMCSA | 18.90 | 18.99 | 18.38 | 18.44 | 26.7M |
| AT&T Inc. | T | 33.48 | 33.51 | 32.84 | 32.89 | 26.6M |
| ConocoPhillips | COP | 94.50 | 94.60 | 90.50 | 90.75 | 24.6M |
| Home Depot | HD | 23.25 | 23.50 | 22.47 | 22.52 | 22.8M |
| Wal-Mart Stores | WMT | 57.25 | 57.80 | 56.45 | 56.50 | 20.8M |
| Procter & Gamble | PG | 61.95 | 62.94 | 61.65 | 62.69 | 18.9M |
| Verizon Communications | VZ | 35.72 | 35.99 | 35.50 | 35.63 | 18.2M |
| Merck | MRK | 38.87 | 38.90 | 37.95 | 38.04 | 17.8M |
| Chevron | CVX | 99.10 | 100.00 | 97.17 | 97.42 | 17.6M |
| Altria | MO | 20.32 | 20.35 | 19.86 | 19.92 | 17.2M |
| Coca-Cola | KO | 51.01 | 51.56 | 50.87 | 51.37 | 16.3M |
| Bristol-Myers Squibb | BMY | 20.70 | 20.96 | 20.55 | 20.59 | 14.5M |
| Amgen | AMGN | 48.50 | 49.26 | 48.28 | 48.84 | 14.3M |
| Walt Disney & Co. | DIS | 31.11 | 31.25 | 30.70 | 30.71 | 13.6M |
| Schlumberger | SLB | 110.36 | 111.95 | 103.23 | 103.36 | 11.3M |
| Gilead Sciences | GILD | 52.82 | 52.85 | 50.96 | 51.29 | 11.3M |
| Abbott Laboratories | ABT | 54.30 | 54.94 | 54.10 | 54.24 | 11M |
| Johnson & Johnson | JNJ | 64.94 | 65.11 | 64.50 | 64.64 | 10.7M |
| HP Inc. | HPQ | 44.12 | 44.45 | 43.51 | 43.61 | 10.5M |
| Boeing | BA | 65.82 | 65.99 | 63.90 | 63.90 | 10.1M |
| McDonald's | MCD | 57.40 | 58.43 | 57.18 | 57.43 | 9.86M |
| Pepsico | PEP | 64.51 | 65.99 | 64.45 | 65.76 | 9.36M |
| United Technologies | UTX | 61.02 | 61.21 | 59.70 | 59.70 | 9.03M |
| Visa | V | 81.90 | 82.40 | 79.30 | 79.42 | 8.45M |
| Alphabet | GOOGL | 535.77 | 540.38 | 526.06 | 527.04 | 8.44M |
| International Business Machines | IBM | 118.41 | 120.55 | 118.12 | 119.10 | 8.09M |
| Amazon | AMZN | 74.05 | 74.41 | 71.38 | 71.44 | 7.04M |
| Union Pacific | UNP | 74.07 | 74.34 | 69.99 | 70.21 | 5.33M |
| 3M | MMM | 70.18 | 70.18 | 68.48 | 68.48 | 4.66M |
| Berkshire Hathaway | BRK.B | 3982.00 | 4000.00 | 3940.50 | 3948.00 | 24K |
Exchange Rates of July 2nd, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 105.830 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.011 CAD | 1 CAD = 0.989 USD |
| US Dollar | Swiss Franc | 1 USD = 1.013 CHF | 1 CHF = 0.987 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.853 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 168.170 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.797 GBP | 1 GBP = 1.255 EUR |
| Euro | Australian Dollar | 1 EUR = 1.651 AUD | 1 AUD = 0.606 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.607 CAD | 1 CAD = 0.622 EUR |
| Euro | Swiss Franc | 1 EUR = 1.610 CHF | 1 CHF = 0.621 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.474 GBP | 1 GBP = 2.111 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 0.981 AUD | 1 AUD = 1.019 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.955 CAD | 1 CAD = 1.047 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 0.957 CHF | 1 CHF = 1.045 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.072 AUD | 1 AUD = 0.483 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.016 CAD | 1 CAD = 0.496 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.019 CHF | 1 CHF = 0.495 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.973 CAD | 1 CAD = 1.028 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.975 CHF | 1 CHF = 1.026 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.002 CHF | 1 CHF = 0.998 CAD |
See what else happened on July 2nd, 2008