Financial news on June 13, 2008
Business and Financial news
In a deal aimed at lifting Yahoo’s finances, Google agreed to deliver ads next to some of Yahoo’s search results. Read more..
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..
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..
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..
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..
United and US Airways joined American Airlines in assessing a $15 luggage fee for passengers flying on the cheapest tickets. Read more..
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..
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..
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..
Sales of retail goods and services rose 1 percent in May, double what economists had expected, the Commerce Department said. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.30||26.60||25.29||26.08||32.4M|
|Procter & Gamble||PG||66.77||66.81||66.08||66.45||10.9M|
|Johnson & Johnson||JNJ||65.78||66.37||65.74||66.27||8.94M|
|International Business Machines||IBM||124.42||126.57||124.15||126.15||6.38M|
|Walt Disney & Co.||DIS||33.50||33.95||33.35||33.93||3.61M|
Exchange Rates of June 13, 2008
|US Dollar||Japanese Yen||1 USD = 108.180 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.029 CAD||1 CAD = 0.972 USD|
|US Dollar||Swiss Franc||1 USD = 1.047 CHF||1 CHF = 0.955 USD|
|US Dollar||Chinese Yuan||1 USD = 6.902 CNY||1 CNY = 0.145 USD|
|Euro||Japanese Yen||1 EUR = 166.390 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.790 GBP||1 GBP = 1.266 EUR|
|Euro||Australian Dollar||1 EUR = 1.638 AUD||1 AUD = 0.611 EUR|
|Euro||Canadian Dollar||1 EUR = 1.583 CAD||1 CAD = 0.632 EUR|
|Euro||Swiss Franc||1 EUR = 1.610 CHF||1 CHF = 0.621 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.474 GBP||1 GBP = 2.108 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.984 AUD||1 AUD = 1.017 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.951 CAD||1 CAD = 1.052 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.967 CHF||1 CHF = 1.034 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.074 AUD||1 AUD = 0.482 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.005 CAD||1 CAD = 0.499 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.038 CHF||1 CHF = 0.491 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.966 CAD||1 CAD = 1.035 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.982 CHF||1 CHF = 1.018 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.017 CHF||1 CHF = 0.983 CAD|