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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.61 29.57 28.50 29.07 132M
General Electric GE 29.36 29.40 28.49 29.15 116M
Cisco Systems CSCO 26.24 26.70 25.91 26.37 48.5M
Pfizer PFE 17.79 17.99 17.65 17.99 48.4M
Apple AAPL 171.50 174.16 165.31 172.37 48.1M
Intel INTC 22.20 22.70 22.19 22.66 43M
JPMorgan Chase JPM 38.43 39.59 37.80 39.58 40.5M
Wells Fargo & Co. WFC 26.30 26.60 25.29 26.08 32.4M
Oracle Corp. ORCL 22.08 22.66 21.95 22.63 31.8M
Coca-Cola KO 57.03 57.10 53.92 55.42 30.9M
ExxonMobil XOM 86.52 88.40 86.32 88.36 21.1M
Wal-Mart Stores WMT 59.38 59.75 58.86 59.18 20.9M
AT&T Inc. T 36.56 36.80 36.03 36.68 20.6M
Comcast CMCSA 21.58 21.82 21.41 21.74 20M
Merck MRK 35.65 35.97 34.92 35.53 19.1M
UnitedHealth Group UNH 30.27 30.89 30.00 30.74 18.3M
Bristol-Myers Squibb BMY 19.84 20.13 19.79 20.12 17.1M
Home Depot HD 26.69 27.58 26.65 27.53 16.1M
ConocoPhillips COP 91.93 94.69 91.61 94.26 15.4M
Altria MO 21.06 21.06 20.75 20.90 15.1M
HP Inc. HPQ 47.14 48.08 47.09 47.45 14M
Alphabet GOOGL 561.95 575.70 561.34 571.51 12.4M
Verizon Communications VZ 36.95 37.38 36.32 37.33 11.7M
Procter & Gamble PG 66.77 66.81 66.08 66.45 10.9M
Chevron CVX 97.63 99.73 97.01 99.40 9.36M
Johnson & Johnson JNJ 65.78 66.37 65.74 66.27 8.94M
Pepsico PEP 67.96 68.20 66.73 67.54 8.32M
Abbott Laboratories ABT 54.18 54.34 53.79 54.11 7.73M
Visa V 80.15 81.81 80.15 81.53 7.67M
Gilead Sciences GILD 53.20 54.33 52.95 54.14 7.11M
International Business Machines IBM 124.42 126.57 124.15 126.15 6.38M
Boeing BA 74.76 75.49 74.38 75.12 6.09M
Amazon AMZN 76.70 80.00 76.70 79.17 5.97M
Union Pacific UNP 75.81 77.89 74.46 75.57 5.9M
Amgen AMGN 43.53 44.21 43.34 43.97 5.77M
Schlumberger SLB 98.50 100.67 98.26 99.69 5.67M
United Technologies UTX 68.51 69.14 68.07 68.56 5.06M
McDonald's MCD 59.61 60.33 59.40 59.95 5.03M
3M MMM 76.19 76.53 75.38 76.12 3.92M
Walt Disney & Co. DIS 33.50 33.95 33.35 33.93 3.61M
Berkshire Hathaway BRK.B 4224.00 4250.00 4205.00 4247.00 20.2K
Exchange Rates of June 13, 2008
CurrenciesExchange Rates
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

See what else happened on June 13, 2008