Financial news on June 14, 2007

Business and Financial news
Baron Guy de Rothschild, Leader of French Arm of Bank Dynasty, Dies at 98

The heir to the House of Rothschild banking family twice rebuilt and expanded its Paris bank after it was seized by France during World War II. Read more..

By PAUL LEWIS - The New York Times

Family Forestry

Large tracts of private forest are at risk of falling into mismanagement, subdivision or being sold for development. Read more..

By TANYA MOHN - The New York Times

Germany: VW Narrows American Loss

Volkswagen narrowed its North American first-half loss by reducing discounts and warranty claims and concentrating on sales of the most profitable models, the company said. Volkswagen’s sales have fallen this year in the United States as the compa... Read more..

By BLOOMBERG NEWS - The New York Times

Google Gives Up on Competing With eBay’s Big Boston Party

Google got into a tussle with eBay when it invited the auction site’s sellers to a party to promote Google Checkout, a service that competes with eBay’s PayPal. Read more..

By MIGUEL HELFT - The New York Times

In Health Care, Cost Isn’t Proof of High Quality

A new study presents stark evidence that high medical payments do not buy high-quality patient care. Read more..

By REED ABELSON - The New York Times

MacBook Pros Look Like Older Models, but the Innards Are Different

Apple rarely makes sweeping changes to its product line, which is why its new MacBook Pro laptops look identical to older models. Read more..

By JOHN BIGGS - The New York Times

Markets Soar on Upbeat Economic Data

The bond market rallied and a government report on retail sales exceeded economists’ estimates. Read more..

By BLOOMBERG NEWS - The New York Times

Putting Energy Hogs in the Home on a Strict Low-Power Diet

The power consumed by common electric devices — even when they’re not in use — can quickly add up. Read more..

By LARRY MAGID - The New York Times

Updating Maps on the Spot and Sharing the Fixes

TomTom’s new Map Share software combines cartography with community to allow users to update maps on the go. Read more..

By J. D BIERSDORFER - The New York Times

Wall Street to Get Guidelines on E-Mail

The ever-expanding number of ways to communicate has raised concerns about the spread of confidential information through unsecure devices. Read more..

By MICHAEL J. de la MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL19.5519.6919.4919.6441.2M
Cisco SystemsCSCO26.5326.9726.5126.8339.9M
General ElectricGE37.7837.9837.6037.8034.7M
AT&T Inc.T40.6540.9340.1040.5625.4M
Verizon CommunicationsVZ43.0043.2542.8043.2216.2M
Walt Disney & Co.DIS33.4133.9733.4033.7914.3M
Wal-Mart StoresWMT49.5349.6548.9849.2813.4M
JPMorgan ChaseJPM49.9350.8349.9350.3212.4M
HP Inc.HPQ45.3645.9045.3245.6711.3M
Procter & GamblePG62.2962.6062.1062.4211.1M
Home DepotHD37.8037.8437.5737.799.95M
Johnson & JohnsonJNJ62.1962.6162.1862.459.09M
Abbott LaboratoriesABT54.2054.5554.0254.198.67M
Bristol-Myers SquibbBMY29.2130.0629.2129.838.05M
Wells Fargo & Co.WFC35.9036.1035.4135.897.81M
International Business MachinesIBM103.12104.24102.81103.855.17M
UnitedHealth GroupUNH53.2053.2052.8052.954.18M
Gilead SciencesGILD80.2081.1980.0580.643.5M
United TechnologiesUTX70.3371.3870.3371.283.38M
Union PacificUNP117.14118.90116.88118.182.41M
Berkshire HathawayBRK.B3615.003625.003612.003621.006.9K
Exchange Rates of June 14, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122.910 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.068 CAD1 CAD = 0.936 USD
US DollarSwiss Franc1 USD = 1.246 CHF1 CHF = 0.802 USD
US DollarChinese Yuan1 USD = 7.635 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 163.610 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.480 EUR
EuroAustralian Dollar1 EUR = 1.592 AUD1 AUD = 0.628 EUR
EuroCanadian Dollar1 EUR = 1.422 CAD1 CAD = 0.703 EUR
EuroSwiss Franc1 EUR = 1.659 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.413 GBP1 GBP = 2.422 JPY
Japanese YenAustralian Dollar1 JPY = 0.973 AUD1 AUD = 1.028 JPY
Japanese YenCanadian Dollar1 JPY = 0.869 CAD1 CAD = 1.151 JPY
Japanese YenSwiss Franc1 JPY = 1.014 CHF1 CHF = 0.986 JPY
Pound SterlingAustralian Dollar1 GBP = 2.356 AUD1 AUD = 0.424 GBP
Pound SterlingCanadian Dollar1 GBP = 2.103 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.454 CHF1 CHF = 0.408 GBP
Australian DollarCanadian Dollar1 AUD = 0.892 CAD1 CAD = 1.121 AUD
Australian DollarSwiss Franc1 AUD = 1.041 CHF1 CHF = 0.960 AUD
Canadian DollarSwiss Franc1 CAD = 1.166 CHF1 CHF = 0.857 CAD

See what else happened on June 14, 2007