Financial news on June 08, 2007

Business and Financial news
As Money Pours in, Hedge Funds Come to Look More Like the Markets

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..

By JENNY ANDERSON - The New York Times

Biomet Accepts Sweetened Takeover Offer

The artificial joint maker accepted a bid of $11.4 billion from a private equity consortium. Read more..

By MICHAEL J. de la MERCED - The New York Times

Britain: Cadbury Acquires Gum Maker in Turkey

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..

By BLOOMBERG NEWS - The New York Times

Dow Jones Enhances the Severance Packages for Senior Managers

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..

By ERIC DASH - The New York Times

Do You Want to Be a Music Critic This Summer?

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..

By STUART ELLIOTT - The New York Times

‘Grey’s’ Star Said to Be Off the Show

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..

By BILL CARTER - The New York Times

Mexico: Cemex Gains Control of Rinker

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..

By BLOOMBERG NEWS - The New York Times

Putting the We Back in Wii

Nintendo has changed its strategy in an effort to dominate the newest generation of video game consoles. Read more..

By MARTIN FACKLER - The New York Times

Rise in China’s Pork Prices Signals End to Cheap Output

Rising prices are causing Chinese companies to raise prices for exports, particularly on one critical commodity: pork. Read more..

By KEITH BRADSHER - The New York Times

Web Site Editor at BusinessWeek

John A. Byrne, executive editor of BusinessWeek, was named Thursday to lead the magazine’s Web site. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.58 30.06 29.41 30.05 61.3M
Intel INTC 21.45 21.88 21.35 21.83 61M
Cisco Systems CSCO 25.88 26.51 25.84 26.48 47.3M
Apple AAPL 125.83 125.83 122.29 124.49 44.3M
Oracle Corp. ORCL 18.73 19.10 18.73 19.06 35.5M
General Electric GE 36.69 37.34 36.65 37.32 30M
Pfizer PFE 26.21 26.55 26.15 26.52 29.4M
AT&T Inc. T 39.70 40.29 39.48 40.26 23.5M
ExxonMobil XOM 81.77 82.71 81.23 82.68 23.4M
Comcast CMCSA 25.97 26.45 25.90 26.33 22M
Procter & Gamble PG 62.36 63.20 62.18 63.07 15.5M
Wal-Mart Stores WMT 49.89 50.15 49.60 50.08 14.7M
ConocoPhillips COP 76.71 77.39 76.20 77.29 14.4M
Verizon Communications VZ 42.50 43.10 42.38 43.07 14.4M
Johnson & Johnson JNJ 62.05 62.35 61.46 62.13 13.9M
HP Inc. HPQ 45.32 45.80 45.04 45.78 13.6M
JPMorgan Chase JPM 49.83 50.48 49.54 50.41 13.5M
Alphabet GOOGL 516.20 519.64 509.46 515.49 12.7M
Abbott Laboratories ABT 54.35 54.35 53.63 54.29 12.3M
McDonald's MCD 51.00 51.48 50.56 51.41 12M
Bristol-Myers Squibb BMY 29.14 29.39 28.92 29.27 11.7M
Walt Disney & Co. DIS 34.01 34.28 33.79 34.20 11.6M
Merck MRK 50.40 50.49 49.63 50.14 11.3M
Amgen AMGN 56.26 57.52 56.22 57.37 10.8M
Wells Fargo & Co. WFC 35.07 35.38 35.04 35.34 10.6M
Amazon AMZN 72.47 73.24 71.05 73.24 10.2M
Home Depot HD 37.66 38.00 37.57 37.95 10.1M
Altria MO 69.58 70.40 69.27 70.30 10.1M
Schlumberger SLB 77.67 79.00 77.45 78.76 8.75M
Chevron CVX 80.01 80.74 79.12 80.69 8.55M
International Business Machines IBM 101.80 103.21 101.75 103.07 8.22M
Pepsico PEP 66.21 66.64 65.83 66.61 7M
Coca-Cola KO 51.25 51.72 51.03 51.67 6.66M
UnitedHealth Group UNH 53.54 53.84 53.01 53.67 5.84M
United Technologies UTX 68.98 70.29 68.85 70.23 5.81M
Gilead Sciences GILD 78.24 79.45 77.96 79.00 4.57M
Boeing BA 96.31 98.22 95.91 98.19 3.95M
3M MMM 84.88 86.00 84.55 85.94 3.6M
Union Pacific UNP 114.82 117.09 114.71 116.65 2.1M
Berkshire Hathaway BRK.B 3620.00 3632.00 3606.00 3612.00 13.6K
Exchange Rates of June 08, 2007
CurrenciesExchange Rates
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

See what else happened on June 08, 2007