Financial news on July 02, 2008

Business and Financial news
Another Setback for UBS in Tax Inquiry

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..

By LYNNLEY BROWNING - The New York Times

Deepening Cycle of Job Loss Seen Lasting Into ’09

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..

By PETER S. GOODMAN - The New York Times

Judge Clears U.S. Request for UBS Clients’ Names

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..

By LYNNLEY BROWNING and JULIA WERDIGIER - The New York Times

Microsoft Buys Online Concern

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..

By DOW JONES - The New York Times

Moody’s Says Workers Rated Some Securities Incorrectly

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..

By VIKAS BAJAJ - The New York Times

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 02, 2008
CurrenciesExchange 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 02, 2008