Financial news on June 15, 2007
Business and Financial news
The two lawyers are charged with having played important roles in a penny stock fraud that cost investors at least $160,000 in 2005. Read more..
Many here praise Mike Keiser because his golf resort created 325 full-time jobs. But Scott Cook says Mr. Keiser is going too far. Read more..
The S.E.C. is expected to propose a rule that would allow foreign companies using international accounting standards to stop reconciling their financial statements to U.S. rules. Read more..
President Hugo Chávez’s economic policies have been generating a boom for those most capitalist of institutions — Venezuela’s banks. Read more..
A small Chinese automaker and its New Jersey partner are negotiating with Mexican officials to import Chinese-made pickup trucks and sport utility vehicles. Read more..
Technology investors have done a poor job of integrating African-Americans, Hispanics and particularly minority women into their ranks. Read more..
The fallout from rising yields on the 10-year Treasury note is likely to be felt most immediately by homeowners and people looking to buy a house. Read more..
Russia’s economy expanded in the first quarter at the fastest pace in six years as production of building materials increased to keep pace with a construction boom and consumer demand remained strong. Gross domestic product rose at an annual rate ... Read more..
Turmoil in the subprime mortgage market took its toll on two Wall Street investment banks today, as second-quarter profit at Bear Stearns dropped 33 percent and Goldman Sachs squeezed out a modest 1 percent rise in profit. Read more..
Shareholders of the Midwest Air Group elected three directors backed by a hostile suitor, AirTran Holdings, increasing pressure on Midwest’s board to consider AirTran’s $389 million takeover offer for the airline. Read more..
Values are reported in US Dollars
|Walt Disney & Co.||DIS||34.10||34.75||34.00||34.40||22.3M|
|Procter & Gamble||PG||62.66||62.80||62.25||62.57||17.2M|
|Johnson & Johnson||JNJ||62.90||63.12||62.57||62.77||16.8M|
|Wells Fargo & Co.||WFC||36.05||36.47||35.95||35.97||13.5M|
|International Business Machines||IBM||104.40||105.19||103.88||105.09||9.43M|
Exchange Rates of June 15, 2007
|US Dollar||Japanese Yen||1 USD = 123.430 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.068 CAD||1 CAD = 0.937 USD|
|US Dollar||Swiss Franc||1 USD = 1.241 CHF||1 CHF = 0.806 USD|
|US Dollar||Chinese Yuan||1 USD = 7.625 CNY||1 CNY = 0.131 USD|
|Euro||Japanese Yen||1 EUR = 165.270 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.677 GBP||1 GBP = 1.476 EUR|
|Euro||Australian Dollar||1 EUR = 1.589 AUD||1 AUD = 0.629 EUR|
|Euro||Canadian Dollar||1 EUR = 1.429 CAD||1 CAD = 0.700 EUR|
|Euro||Swiss Franc||1 EUR = 1.662 CHF||1 CHF = 0.602 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.410 GBP||1 GBP = 2.441 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.961 AUD||1 AUD = 1.040 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.865 CAD||1 CAD = 1.157 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.005 CHF||1 CHF = 0.995 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.346 AUD||1 AUD = 0.426 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.110 CAD||1 CAD = 0.474 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.452 CHF||1 CHF = 0.408 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.899 CAD||1 CAD = 1.113 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.045 CHF||1 CHF = 0.957 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.162 CHF||1 CHF = 0.861 CAD|