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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT26.8827.0025.8825.8884.7M
General ElectricGE27.2027.2626.4626.5161.3M
Cisco SystemsCSCO23.1323.1922.6722.8459.4M
JPMorgan ChaseJPM34.3635.7534.2334.6051.8M
IntelINTC21.6021.8120.8720.9347.8M
PfizerPFE17.8417.8617.6017.6238.3M
ExxonMobilXOM88.5089.6387.2487.4134.3M
Wells Fargo & Co.WFC24.2224.7823.5523.5934M
Oracle Corp.ORCL21.2821.4020.8020.8232.3M
AppleAAPL175.05177.45168.18168.1829.9M
UnitedHealth GroupUNH27.0127.3025.0425.1227.4M
ComcastCMCSA18.9018.9918.3818.4426.7M
AT&T Inc.T33.4833.5132.8432.8926.6M
ConocoPhillipsCOP94.5094.6090.5090.7524.6M
Home DepotHD23.2523.5022.4722.5222.8M
Wal-Mart StoresWMT57.2557.8056.4556.5020.8M
Procter & GamblePG61.9562.9461.6562.6918.9M
Verizon CommunicationsVZ35.7235.9935.5035.6318.2M
MerckMRK38.8738.9037.9538.0417.8M
ChevronCVX99.10100.0097.1797.4217.6M
AltriaMO20.3220.3519.8619.9217.2M
Coca-ColaKO51.0151.5650.8751.3716.3M
Bristol-Myers SquibbBMY20.7020.9620.5520.5914.5M
AmgenAMGN48.5049.2648.2848.8414.3M
Walt Disney & Co.DIS31.1131.2530.7030.7113.6M
SchlumbergerSLB110.36111.95103.23103.3611.3M
Gilead SciencesGILD52.8252.8550.9651.2911.3M
Abbott LaboratoriesABT54.3054.9454.1054.2411M
Johnson & JohnsonJNJ64.9465.1164.5064.6410.7M
HP Inc.HPQ44.1244.4543.5143.6110.5M
BoeingBA65.8265.9963.9063.9010.1M
McDonald'sMCD57.4058.4357.1857.439.86M
PepsicoPEP64.5165.9964.4565.769.36M
United TechnologiesUTX61.0261.2159.7059.709.03M
VisaV81.9082.4079.3079.428.45M
AlphabetGOOGL535.77540.38526.06527.048.44M
International Business MachinesIBM118.41120.55118.12119.108.09M
AmazonAMZN74.0574.4171.3871.447.04M
Union PacificUNP74.0774.3469.9970.215.33M
3MMMM70.1870.1868.4868.484.66M
Berkshire HathawayBRK.B3982.004000.003940.503948.0024K
Exchange Rates of July 02, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105.830 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.011 CAD1 CAD = 0.989 USD
US DollarSwiss Franc1 USD = 1.013 CHF1 CHF = 0.987 USD
US DollarChinese Yuan1 USD = 6.853 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 168.170 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.797 GBP1 GBP = 1.255 EUR
EuroAustralian Dollar1 EUR = 1.651 AUD1 AUD = 0.606 EUR
EuroCanadian Dollar1 EUR = 1.607 CAD1 CAD = 0.622 EUR
EuroSwiss Franc1 EUR = 1.610 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.474 GBP1 GBP = 2.111 JPY
Japanese YenAustralian Dollar1 JPY = 0.981 AUD1 AUD = 1.019 JPY
Japanese YenCanadian Dollar1 JPY = 0.955 CAD1 CAD = 1.047 JPY
Japanese YenSwiss Franc1 JPY = 0.957 CHF1 CHF = 1.045 JPY
Pound SterlingAustralian Dollar1 GBP = 2.072 AUD1 AUD = 0.483 GBP
Pound SterlingCanadian Dollar1 GBP = 2.016 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 2.019 CHF1 CHF = 0.495 GBP
Australian DollarCanadian Dollar1 AUD = 0.973 CAD1 CAD = 1.028 AUD
Australian DollarSwiss Franc1 AUD = 0.975 CHF1 CHF = 1.026 AUD
Canadian DollarSwiss Franc1 CAD = 1.002 CHF1 CHF = 0.998 CAD

See what else happened on July 02, 2008