Financial news on June 6th, 2007

Business and Financial news
British Grocer Set to Dip Toe in U.S. Market

Tesco is treading lightly to avoid the pitfalls that have tripped up other foreign retailers in the United States. Read more..

By CRAIG S. SMITH - The New York Times

Charles Evans, 81, a Founder of Fashion Line, Dies

Charles Evans was a founder of the fashion house Evan-Picone and was also executive producer of the film “Tootsie.” Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Doll Web Sites Drive Girls to Stay Home and Play

Millions of girls are fueling the growth of interactive sites that offer virtual versions of traditional play activities. Read more..

By MATT RICHTEL and BRAD STONE - The New York Times

Fed Chief Dims Hopes for a Rate Cut

The stock market stumbled as Wall Street seemed to grasp that the Federal Reserve is in no hurry to lower interest rates. Read more..

By JEREMY W. PETERS - The New York Times

Libya: Equity Firm Buys Stake in Oil Refiner

The private equity firm Colony Capital agreed to acquire control of Tamoil of Libya for 4 billion euros ($5.4 billion). The Libyan government will retain 35 percent of the company, which operates refineries and gas stations, Colony said. Tamoil, b... Read more..

By BLOOMBERG NEWS - The New York Times

Looking Beyond L. L. Bean

In Maine, the town of Freeport recently approved the development of a $45 million “lifestyle center,” to stay ahead of development in other areas of the state. Read more..

By SANA SIWOLOP - The New York Times

NBC Universal Signs Head of Studio to a Five-Year Agreement

Ron Meyer will oversee movie production, theme parks and studio operations “through at least 2012,” the company said. Read more..

By DAVID M. HALBFINGER - The New York Times

Radio Time to Join List of eBay Items Up for Auction

The auction giant said it would begin selling radio airtime to advertisers, expanding into a business that Google entered last year. Read more..

By BRAD STONE - The New York Times

South Korea: Hanwha’s Chairman Indicted

South Korean prosecutors indicted Kim Seung Yun, the chairman of an industrial company, the Hanwha Group, on six charges in connection with what the authorities say was a revenge attack on employees of a bar in Seoul. Prosecutors charged Mr. Kim a... Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.9827.0826.4726.6042.9M
General ElectricGE37.2937.4037.1237.2934.1M
Oracle Corp.ORCL19.3719.4019.1119.3531.1M
International Business MachinesIBM105.50105.51102.39102.4130.8M
Wal-Mart StoresWMT50.1951.0450.1550.7525.3M
AT&T Inc.T40.2540.7340.2040.3817M
HP Inc.HPQ45.8046.1945.5346.0315.6M
Abbott LaboratoriesABT55.1355.1954.4854.7415.4M
JPMorgan ChaseJPM50.9551.2350.2650.5613.9M
Verizon CommunicationsVZ42.7743.2042.7642.9212.1M
Home DepotHD38.5838.7038.2038.3011.7M
Wells Fargo & Co.WFC35.8435.8435.5035.5911.6M
Johnson & JohnsonJNJ63.3163.4362.5562.9011.5M
Procter & GamblePG63.3563.6063.1763.199.9M
Bristol-Myers SquibbBMY30.4330.4730.0430.179.06M
Walt Disney & Co.DIS35.2635.3634.7534.919.05M
Gilead SciencesGILD81.6882.3081.4081.415.1M
UnitedHealth GroupUNH54.3154.6353.8253.974.65M
United TechnologiesUTX70.2570.6469.6369.923.61M
Union PacificUNP120.92120.92118.16118.161.95M
Berkshire HathawayBRK.B3610.003623.003604.003606.0013K
Exchange Rates of June 6th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.070 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.058 CAD1 CAD = 0.945 USD
US DollarSwiss Franc1 USD = 1.216 CHF1 CHF = 0.822 USD
US DollarChinese Yuan1 USD = 7.635 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 163.480 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.476 EUR
EuroAustralian Dollar1 EUR = 1.605 AUD1 AUD = 0.623 EUR
EuroCanadian Dollar1 EUR = 1.429 CAD1 CAD = 0.700 EUR
EuroSwiss Franc1 EUR = 1.642 CHF1 CHF = 0.609 EUR
Japanese YenPound Sterling1 JPY = 0.414 GBP1 GBP = 2.414 JPY
Japanese YenAustralian Dollar1 JPY = 0.981 AUD1 AUD = 1.019 JPY
Japanese YenCanadian Dollar1 JPY = 0.874 CAD1 CAD = 1.145 JPY
Japanese YenSwiss Franc1 JPY = 1.004 CHF1 CHF = 0.996 JPY
Pound SterlingAustralian Dollar1 GBP = 2.370 AUD1 AUD = 0.422 GBP
Pound SterlingCanadian Dollar1 GBP = 2.109 CAD1 CAD = 0.474 GBP
Pound SterlingSwiss Franc1 GBP = 2.423 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.890 CAD1 CAD = 1.124 AUD
Australian DollarSwiss Franc1 AUD = 1.022 CHF1 CHF = 0.978 AUD
Canadian DollarSwiss Franc1 CAD = 1.149 CHF1 CHF = 0.871 CAD

See what else happened on June 6th, 2007