Financial news on June 13, 2007

Business and Financial news
A Dose of Art and Entertainment Revives a Suburb

Silver Spring, Md., is enjoying a renaissance, a result of public involvement and private investment. Read more..

By EUGENE L. MEYER - The New York Times

China Inflation Hits 3.4 Percent in May

Inflation in China reached a 27-month high last month, but separate figures for growth in the money supply and loans suggested that the broader economy was not yet overheating. Read more..

By KEITH BRADSHER - The New York Times

Defense Rests in Black Trial

Conrad M. Black and three former Hollinger executives rested their defense on federal fraud charges without taking the stand. Read more..

By BLOOMBERG NEWS - The New York Times

Europe Plans a Quieter and Cleaner Passenger Jet

The European Union is planning a public-private partnership to help its aviation industry develop greener and quieter aircraft. Read more..

By STEPHEN CASTLE - The New York Times

Federal Grant for a Medical Mission Goes Awry

A case of two Coast Guard cutters shows that earmarks to faith-based groups may not achieve their stated purpose. Read more..

By DIANA B. HENRIQUES and ANDREW W. LEHREN - The New York Times

Former Executive of CA Inc. Will Pay Restitution

Stephen Richards will pay more than $29 million in restitution as part of an accounting fraud at the company. Read more..

By DOW JONES/ASSOCIATED PRESS - The New York Times

Google to Reduce History of Personal Searches

Addressing privacy concerns, the company announced that it would keep search histories of users for only 18 months instead of 24. Read more..

By THOMAS CRAMPTON - The New York Times

Greenberg Rebuttal

Maurice R. Greenberg said testimony from three A.I.G. employees would discredit recent accusations by the State of New York. Read more..

By BLOOMBERG NEWS - The New York Times

Sale Possible as Ford Considers Its Options for Jaguar and Land Rover

Ford said it was working with financial advisers to sort out the future of the two British brands. Read more..

By NICK BUNKLEY - The New York Times

Shake-Up in Newsroom of Journal

The Wall Street Journal announced a major newsroom shake-up, including the reassignment and replacement of several top editors. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC22.2722.8822.2022.6775.4M
MicrosoftMSFT29.9730.4129.8530.3964.4M
AppleAAPL121.15121.19115.40117.5061.5M
Cisco SystemsCSCO26.2226.5325.8626.5343M
PfizerPFE26.2026.3825.9526.3543M
General ElectricGE37.2537.6637.1037.6433.3M
Oracle Corp.ORCL18.8719.3018.7219.3029.8M
ExxonMobilXOM82.3283.5082.2583.3527.1M
AT&T Inc.T39.4140.0139.0339.9822.7M
ComcastCMCSA26.2026.8726.0726.8721.1M
Verizon CommunicationsVZ43.1743.4042.4942.9018M
ConocoPhillipsCOP77.3178.1977.3077.7517.7M
Walt Disney & Co.DIS33.5033.5533.0033.4016.1M
HP Inc.HPQ45.1345.5044.8145.5016.1M
Procter & GamblePG62.2962.8262.0262.3715.5M
Johnson & JohnsonJNJ61.8762.2661.3262.1814.8M
JPMorgan ChaseJPM49.6350.3949.5250.2914.5M
Wal-Mart StoresWMT49.1849.5448.9749.5014.1M
AlphabetGOOGL507.09508.54498.69505.2414.1M
Home DepotHD37.6137.8337.4437.7314M
Bristol-Myers SquibbBMY29.2229.7729.1429.7412.9M
AmazonAMZN70.9071.8969.2570.8911.9M
MerckMRK50.3450.8749.7150.6711.5M
AmgenAMGN57.3758.2057.2858.1411.2M
Abbott LaboratoriesABT53.7554.2853.2054.1911.2M
Wells Fargo & Co.WFC35.3035.9835.2135.9410.9M
AltriaMO70.2470.3569.6370.2610.2M
Coca-ColaKO51.1751.5051.0651.3610M
ChevronCVX80.8181.5580.7281.159.95M
SchlumbergerSLB79.2582.1978.8881.968.76M
McDonald'sMCD51.6552.2251.2552.197.45M
UnitedHealth GroupUNH53.2653.2652.3553.117.28M
International Business MachinesIBM102.91103.26102.10103.126.44M
PepsicoPEP66.0866.4265.5466.395.71M
BoeingBA97.1298.5596.9298.475.33M
United TechnologiesUTX69.8870.7369.6070.734.97M
3MMMM85.7087.2585.0287.194.54M
Gilead SciencesGILD79.0580.3478.8580.344.2M
Union PacificUNP112.69116.73112.69116.732.58M
Berkshire HathawayBRK.B3620.003625.003615.003625.008.4K
Exchange Rates of June 13, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122.700 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.066 CAD1 CAD = 0.938 USD
US DollarSwiss Franc1 USD = 1.244 CHF1 CHF = 0.804 USD
US DollarChinese Yuan1 USD = 7.632 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 163.320 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.483 EUR
EuroAustralian Dollar1 EUR = 1.583 AUD1 AUD = 0.632 EUR
EuroCanadian Dollar1 EUR = 1.419 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.656 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.413 GBP1 GBP = 2.423 JPY
Japanese YenAustralian Dollar1 JPY = 0.969 AUD1 AUD = 1.032 JPY
Japanese YenCanadian Dollar1 JPY = 0.868 CAD1 CAD = 1.152 JPY
Japanese YenSwiss Franc1 JPY = 1.014 CHF1 CHF = 0.986 JPY
Pound SterlingAustralian Dollar1 GBP = 2.347 AUD1 AUD = 0.426 GBP
Pound SterlingCanadian Dollar1 GBP = 2.103 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.455 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.896 CAD1 CAD = 1.117 AUD
Australian DollarSwiss Franc1 AUD = 1.046 CHF1 CHF = 0.956 AUD
Canadian DollarSwiss Franc1 CAD = 1.167 CHF1 CHF = 0.857 CAD

See what else happened on June 13, 2007