Financial news on June 13, 2008

Business and Financial news
Ad Accord for Yahoo and Google

In a deal aimed at lifting Yahoo’s finances, Google agreed to deliver ads next to some of Yahoo’s search results. Read more..

By MIGUEL HELFT - The New York Times

Airline Economies: A Few Modest Proposals

Readers of nytimes.com were invited to suggest ways that airlines and passengers could deal with rising fuel prices. Here are some ideas from readers who identified themselves. Read more..

By THE NEW YORK TIMES - The New York Times

Commodity Prices Climb Again

Corn prices reacted to weeks of heavy rains in the Midwest, which have prevented planting in some areas. Soybean prices have also moved higher. Read more..

By DAVID STREITFELD and JAD MOUAWAD - The New York Times

Federal Agency Grounds Light Jet Used as Air Taxi

A week after both engines on a small jet became stuck at full power as the pilots were trying to land, the Federal Aviation Administration grounded that model of planes for inspections. Read more..

By MATTHEW L. WALD - The New York Times

Good Times Left Lehman Unprepared for the Bad

Sometimes, when you really mess up, it is good to admit you erred. Unfortunately, no one seems to have gotten that message through to Lehman Brothers. Read more..

By FLOYD NORRIS - The New York Times

Like American, More Airlines Add Fees for Checking Luggage

United and US Airways joined American Airlines in assessing a $15 luggage fee for passengers flying on the cheapest tickets. Read more..

By MICHELINE MAYNARD - The New York Times

Microsoft Said to End Talks With Yahoo

Unable to reach a deal with Microsoft, Yahoo turned to an alternative search advertising partnership with its rival Google, which was announced Thursday afternoon. Read more..

By MIGUEL HELFT - The New York Times

Moody’s May Align Municipal Debt Ratings With Corporate

Criticized by states and cities for how it rates their bonds, Moody’s Investors Service said that it was considering rating municipal debt on the same scale it uses for corporate debt. Read more..

By VIKAS BAJAJ - The New York Times

Red Cross Reaches Out to Nascar

The organization’s first national marketing campaign, Red Cross Racing, aims to turn the more than 75 million fans of the Nascar circuit into regular blood donors. Read more..

By ELIZABETH OLSON - The New York Times

Retail Sales Rise Above Forecasts

Sales of retail goods and services rose 1 percent in May, double what economists had expected, the Commerce Department said. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT28.6129.5728.5029.07132M
General ElectricGE29.3629.4028.4929.15116M
Cisco SystemsCSCO26.2426.7025.9126.3748.5M
PfizerPFE17.7917.9917.6517.9948.4M
AppleAAPL171.50174.16165.31172.3748.1M
IntelINTC22.2022.7022.1922.6643M
JPMorgan ChaseJPM38.4339.5937.8039.5840.5M
Wells Fargo & Co.WFC26.3026.6025.2926.0832.4M
Oracle Corp.ORCL22.0822.6621.9522.6331.8M
Coca-ColaKO57.0357.1053.9255.4230.9M
ExxonMobilXOM86.5288.4086.3288.3621.1M
Wal-Mart StoresWMT59.3859.7558.8659.1820.9M
AT&T Inc.T36.5636.8036.0336.6820.6M
ComcastCMCSA21.5821.8221.4121.7420M
MerckMRK35.6535.9734.9235.5319.1M
UnitedHealth GroupUNH30.2730.8930.0030.7418.3M
Bristol-Myers SquibbBMY19.8420.1319.7920.1217.1M
Home DepotHD26.6927.5826.6527.5316.1M
ConocoPhillipsCOP91.9394.6991.6194.2615.4M
AltriaMO21.0621.0620.7520.9015.1M
HP Inc.HPQ47.1448.0847.0947.4514M
AlphabetGOOGL561.95575.70561.34571.5112.4M
Verizon CommunicationsVZ36.9537.3836.3237.3311.7M
Procter & GamblePG66.7766.8166.0866.4510.9M
ChevronCVX97.6399.7397.0199.409.36M
Johnson & JohnsonJNJ65.7866.3765.7466.278.94M
PepsicoPEP67.9668.2066.7367.548.32M
Abbott LaboratoriesABT54.1854.3453.7954.117.73M
VisaV80.1581.8180.1581.537.67M
Gilead SciencesGILD53.2054.3352.9554.147.11M
International Business MachinesIBM124.42126.57124.15126.156.38M
BoeingBA74.7675.4974.3875.126.09M
AmazonAMZN76.7080.0076.7079.175.97M
Union PacificUNP75.8177.8974.4675.575.9M
AmgenAMGN43.5344.2143.3443.975.77M
SchlumbergerSLB98.50100.6798.2699.695.67M
United TechnologiesUTX68.5169.1468.0768.565.06M
McDonald'sMCD59.6160.3359.4059.955.03M
3MMMM76.1976.5375.3876.123.92M
Walt Disney & Co.DIS33.5033.9533.3533.933.61M
Berkshire HathawayBRK.B4224.004250.004205.004247.0020.2K
Exchange Rates of June 13, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.180 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.029 CAD1 CAD = 0.972 USD
US DollarSwiss Franc1 USD = 1.047 CHF1 CHF = 0.955 USD
US DollarChinese Yuan1 USD = 6.902 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 166.390 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.790 GBP1 GBP = 1.266 EUR
EuroAustralian Dollar1 EUR = 1.638 AUD1 AUD = 0.611 EUR
EuroCanadian Dollar1 EUR = 1.583 CAD1 CAD = 0.632 EUR
EuroSwiss Franc1 EUR = 1.610 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.474 GBP1 GBP = 2.108 JPY
Japanese YenAustralian Dollar1 JPY = 0.984 AUD1 AUD = 1.017 JPY
Japanese YenCanadian Dollar1 JPY = 0.951 CAD1 CAD = 1.052 JPY
Japanese YenSwiss Franc1 JPY = 0.967 CHF1 CHF = 1.034 JPY
Pound SterlingAustralian Dollar1 GBP = 2.074 AUD1 AUD = 0.482 GBP
Pound SterlingCanadian Dollar1 GBP = 2.005 CAD1 CAD = 0.499 GBP
Pound SterlingSwiss Franc1 GBP = 2.038 CHF1 CHF = 0.491 GBP
Australian DollarCanadian Dollar1 AUD = 0.966 CAD1 CAD = 1.035 AUD
Australian DollarSwiss Franc1 AUD = 0.982 CHF1 CHF = 1.018 AUD
Canadian DollarSwiss Franc1 CAD = 1.017 CHF1 CHF = 0.983 CAD

See what else happened on June 13, 2008