Financial news on July 11th, 2008

Business and Financial news
Britain Leaves Interest Rate at 5%

Seeking to maneuver between accelerating inflation and a slowing economy, the Bank of England left its main interest rate target at 5 percent on Thursday. Read more..

By DAVID JOLLY - The New York Times

For Short Sellers, It Doesn’t Get Much Better

As shareholders of Fannie Mae and Freddie Mac watched their investments plunge in value, short sellers, who bet against stocks, could count their winnings. Read more..

By LANDON THOMAS Jr - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE27.6428.2527.3027.6697.9M
Wells Fargo & Co.WFC22.5623.7822.1123.0082.3M
IntelINTC20.2721.1819.9920.6474.4M
JPMorgan ChaseJPM33.3834.4532.0933.1671.3M
MicrosoftMSFT25.1125.6424.8725.2569.5M
Cisco SystemsCSCO21.7522.1321.5421.8262.7M
PfizerPFE17.9418.0517.6817.8151.2M
Oracle Corp.ORCL21.0321.2520.7020.9636.9M
AppleAAPL175.37177.11171.00172.5833.2M
ExxonMobilXOM86.2886.6484.3185.4829.4M
Wal-Mart StoresWMT56.6857.3455.6456.2927.9M
AT&T Inc.T32.5032.9532.2532.5827.7M
Home DepotHD21.5822.1321.0021.5827.1M
Procter & GamblePG63.9364.2963.1863.4521.8M
ComcastCMCSA18.4618.8118.1518.4919.7M
HP Inc.HPQ41.1942.0441.0441.5918.7M
ConocoPhillipsCOP90.9990.9987.2788.1318.6M
ChevronCVX94.9695.5991.1692.2517.4M
Bristol-Myers SquibbBMY21.2621.3720.7121.1217M
Johnson & JohnsonJNJ66.3166.7366.0066.2616.6M
Abbott LaboratoriesABT56.8156.8355.5756.4315.7M
Walt Disney & Co.DIS29.2629.5728.8029.2014.9M
MerckMRK36.6536.9936.0936.7514.4M
Verizon CommunicationsVZ34.5335.3234.2134.9214.2M
UnitedHealth GroupUNH21.7622.5521.5422.1614.2M
VisaV75.6077.4574.0074.5513.7M
Coca-ColaKO49.6650.5049.5250.2713.5M
AmgenAMGN51.4451.9550.9151.0212.9M
AltriaMO20.9421.5520.6621.2612.9M
AlphabetGOOGL536.50539.50519.43533.809.95M
McDonald'sMCD57.8858.3657.1957.329.8M
BoeingBA65.3565.3562.8663.289.79M
Gilead SciencesGILD54.0055.0053.0553.709.72M
SchlumbergerSLB98.78101.5597.8599.169.14M
PepsicoPEP65.0165.3563.9464.669.12M
International Business MachinesIBM121.80123.74120.57122.128.84M
United TechnologiesUTX61.3161.8059.7660.698.63M
AmazonAMZN69.7569.9966.7468.547.93M
3MMMM68.2769.3867.7668.726.26M
Union PacificUNP71.2073.2170.2071.924.34M
Berkshire HathawayBRK.B3974.003974.003876.003909.0020.6K
Exchange Rates of July 11th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.280 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.009 CAD1 CAD = 0.991 USD
US DollarSwiss Franc1 USD = 1.016 CHF1 CHF = 0.984 USD
US DollarChinese Yuan1 USD = 6.834 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 169.370 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.801 GBP1 GBP = 1.248 EUR
EuroAustralian Dollar1 EUR = 1.649 AUD1 AUD = 0.607 EUR
EuroCanadian Dollar1 EUR = 1.608 CAD1 CAD = 0.622 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.473 GBP1 GBP = 2.115 JPY
Japanese YenAustralian Dollar1 JPY = 0.973 AUD1 AUD = 1.028 JPY
Japanese YenCanadian Dollar1 JPY = 0.949 CAD1 CAD = 1.054 JPY
Japanese YenSwiss Franc1 JPY = 0.956 CHF1 CHF = 1.046 JPY
Pound SterlingAustralian Dollar1 GBP = 2.058 AUD1 AUD = 0.486 GBP
Pound SterlingCanadian Dollar1 GBP = 2.007 CAD1 CAD = 0.498 GBP
Pound SterlingSwiss Franc1 GBP = 2.020 CHF1 CHF = 0.495 GBP
Australian DollarCanadian Dollar1 AUD = 0.975 CAD1 CAD = 1.026 AUD
Australian DollarSwiss Franc1 AUD = 0.981 CHF1 CHF = 1.019 AUD
Canadian DollarSwiss Franc1 CAD = 1.006 CHF1 CHF = 0.994 CAD

See what else happened on July 11th, 2008