Financial news on June 8th, 2007
Business and Financial news
Ray Dalio, the founder of Bridgewater Associates, has some tough questions on why hedge fund returns look so much like returns in the stock market. Read more..
The artificial joint maker accepted a bid of $11.4 billion from a private equity consortium. Read more..
Cadbury Schweppes said it had agreed to buy Intergum of Turkey for $450 million to gain almost half of the country’s chewing gum market. Intergum, which has a 46 percent market share in Turkey, will be acquired from the Amram family, Cadbury... Read more..
Dow Jones said it had amended its compensation plans so that 160 senior managers could take sizable severance payments with them if they were forced out after a sale. Read more..
A leading cellphone maker is taking advantage of the increasing interest in mobile marketing by offering music fans ages 18 and up a chance to play critic. Read more..
Isaiah Washington, a star of the hit ABC television series “Grey’s Anatomy,” was embroiled in a furor after he twice used an anti-gay slur against a co-star. Read more..
Cemex, the Mexican cement maker, gained a controlling stake in the Rinker Group of Australia, completing its largest acquisition and increasing its share of the United States market with the $14.2 billion deal. In a filing to the Australian stock ... Read more..
Nintendo has changed its strategy in an effort to dominate the newest generation of video game consoles. Read more..
Rising prices are causing Chinese companies to raise prices for exports, particularly on one critical commodity: pork. Read more..
John A. Byrne, executive editor of BusinessWeek, was named Thursday to lead the magazine’s Web site. Read more..
Values are reported in US Dollars
|Procter & Gamble||PG||62.36||63.20||62.18||63.07||15.5M|
|Johnson & Johnson||JNJ||62.05||62.35||61.46||62.13||13.9M|
|Walt Disney & Co.||DIS||34.01||34.28||33.79||34.20||11.6M|
|Wells Fargo & Co.||WFC||35.07||35.38||35.04||35.34||10.6M|
|International Business Machines||IBM||101.80||103.21||101.75||103.07||8.22M|
Exchange Rates of June 8th, 2007
|US Dollar||Japanese Yen||1 USD = 121.710 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.061 CAD||1 CAD = 0.943 USD|
|US Dollar||Swiss Franc||1 USD = 1.235 CHF||1 CHF = 0.810 USD|
|US Dollar||Chinese Yuan||1 USD = 7.655 CNY||1 CNY = 0.131 USD|
|Euro||Japanese Yen||1 EUR = 162.760 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.679 GBP||1 GBP = 1.474 EUR|
|Euro||Australian Dollar||1 EUR = 1.582 AUD||1 AUD = 0.632 EUR|
|Euro||Canadian Dollar||1 EUR = 1.418 CAD||1 CAD = 0.705 EUR|
|Euro||Swiss Franc||1 EUR = 1.652 CHF||1 CHF = 0.605 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.417 GBP||1 GBP = 2.400 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.972 AUD||1 AUD = 1.029 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.871 CAD||1 CAD = 1.148 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.015 CHF||1 CHF = 0.986 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.332 AUD||1 AUD = 0.429 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.089 CAD||1 CAD = 0.479 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.433 CHF||1 CHF = 0.411 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.896 CAD||1 CAD = 1.117 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.043 CHF||1 CHF = 0.959 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.164 CHF||1 CHF = 0.859 CAD|