Financial news on June 2nd, 2008

Business and Financial news
A Bear Stearns Refugee Gets a New Start at Merrill

Fares D. Noujaim suffered an emotional and financial blow when the investment bank imploded. Now he gets a chance to start anew. Read more..

By LANDON THOMAS Jr - The New York Times

A Network to Make an Environmental Point

Can the environment make for entertaining TV? Discovery Communications is about to find out with its launch of Planet Green. Read more..

By BRIAN STELTER - The New York Times

College Alumni Magazines Struggle to Compete With Facebook

The advent of social networking Web sites has created a quandary for alumni magazines, which have been slow to embrace the Web. Read more..

By CATE DOTY - The New York Times

Financier in Hollywood Strikes Deal in D.W.I.

Ryan Kavanaugh pleaded no contest to, and was convicted of, one count of driving under the influence of alcohol, while more serious charges were dropped. Read more..

By MICHAEL CIEPLY - The New York Times

Getting Emotional Over Luxury Beds

A Swedish maker of beds that cost up to $65,000 has launched a campaign that celebrates its products as fashionable luxury goods. Read more..

By STUART ELLIOTT - The New York Times

Industries Allied to Cap Carbon Differ on the Details

The difficult bottom line in the negotiations is that dealing with climate change will almost certainly hurt some industries and enrich others. Read more..

By JAD MOUAWAD - The New York Times

Is the Main Character Missing? Maybe Not.

A 33-year-old technology manager in Dublin has generated a flood of new Web traffic on his blog with his tweaked comic strip, “Garfield Minus Garfield.” Read more..

By CATE DOTY - The New York Times

Shyamalan’s Hollywood Horror Story, With Twist

M. Night Shyamalan’s career illustrates one of the paradoxes of Hollywood: the industry loves the myth of the auteur — until faced with the realities of the box office. Read more..


Treasury Auctions Set for This Week

The week’s financing schedule included Monday’s regular weekly auction of new three- and six-month bills and auctions of one-year and four-week bills on Tuesday. Read more..

By THE NEW YORK TIMES - The New York Times

Walter H. Diamond, Expert on Taxation, Is Dead at 95

Mr. Diamond was an expert on international taxation and helped prepare the foreign exchange proposals for the Bretton Woods conference, which established the International Monetary Fund. Read more..

By JULIE CRESWELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.6226.8226.2426.3559M
General ElectricGE30.8030.8930.1830.4150.9M
Oracle Corp.ORCL22.7522.7722.3522.6831.8M
JPMorgan ChaseJPM42.6342.7741.6642.1530.6M
Wells Fargo & Co.WFC27.4927.5426.7127.1123.2M
AT&T Inc.T39.6739.9138.9939.3519.6M
Wal-Mart StoresWMT57.4157.9956.5257.2017.3M
Home DepotHD27.4127.6026.8027.1615.5M
HP Inc.HPQ46.8647.0145.7546.2514.6M
Verizon CommunicationsVZ38.4038.5036.2037.8614.5M
Bristol-Myers SquibbBMY22.7522.7521.9521.9813.5M
Abbott LaboratoriesABT56.1356.2055.2655.6812.9M
UnitedHealth GroupUNH34.2234.4233.6633.9910.3M
Walt Disney & Co.DIS33.5033.5933.0533.3010.3M
Procter & GamblePG65.9265.9264.9465.369.98M
Johnson & JohnsonJNJ66.5567.0066.1566.519.63M
International Business MachinesIBM128.67129.37126.70127.367.6M
Gilead SciencesGILD54.5755.0853.9554.586.43M
Union PacificUNP82.1282.1280.0281.185.09M
United TechnologiesUTX70.6271.0370.0170.734.37M
Berkshire HathawayBRK.B4484.004520.004345.004390.0037K
Exchange Rates of June 2nd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104.410 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.001 CAD1 CAD = 0.999 USD
US DollarSwiss Franc1 USD = 1.037 CHF1 CHF = 0.964 USD
US DollarChinese Yuan1 USD = 6.933 CNY1 CNY = 0.144 USD
EuroJapanese Yen1 EUR = 162.250 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.790 GBP1 GBP = 1.265 EUR
EuroAustralian Dollar1 EUR = 1.626 AUD1 AUD = 0.615 EUR
EuroCanadian Dollar1 EUR = 1.556 CAD1 CAD = 0.643 EUR
EuroSwiss Franc1 EUR = 1.612 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.487 GBP1 GBP = 2.054 JPY
Japanese YenAustralian Dollar1 JPY = 1.002 AUD1 AUD = 0.998 JPY
Japanese YenCanadian Dollar1 JPY = 0.959 CAD1 CAD = 1.043 JPY
Japanese YenSwiss Franc1 JPY = 0.993 CHF1 CHF = 1.007 JPY
Pound SterlingAustralian Dollar1 GBP = 2.057 AUD1 AUD = 0.486 GBP
Pound SterlingCanadian Dollar1 GBP = 1.968 CAD1 CAD = 0.508 GBP
Pound SterlingSwiss Franc1 GBP = 2.038 CHF1 CHF = 0.491 GBP
Australian DollarCanadian Dollar1 AUD = 0.956 CAD1 CAD = 1.046 AUD
Australian DollarSwiss Franc1 AUD = 0.990 CHF1 CHF = 1.010 AUD
Canadian DollarSwiss Franc1 CAD = 1.035 CHF1 CHF = 0.966 CAD

See what else happened on June 2nd, 2008