Financial news on June 16, 2008

Business and Financial news
MySpace Might Have Friends, but It Wants Ad Money

Monetizing social networking Web sites is proving to be an arduous road and ad revenues have not come in as quickly as planned. Read more..

By BRIAN STELTER - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

The Secret to Success in Publishing: Bash Bush, With Nods to a Classic

The cover of “Goodnight Bush” looks almost exactly like “Goodnight Moon” and uses a similar rhyme scheme. But there the thematic similarities end. Read more..

By JOANNE KAUFMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE28.6929.2528.3828.9786.6M
MicrosoftMSFT29.0129.1128.6428.9374.7M
PfizerPFE17.9117.9717.7017.7758.9M
IntelINTC22.4523.0822.4122.8644.8M
AppleAAPL171.25177.90169.07176.8437.6M
JPMorgan ChaseJPM39.4840.6539.1039.9434.9M
Wells Fargo & Co.WFC26.0226.9825.6226.3833.2M
Oracle Corp.ORCL22.4623.0022.3322.9432.6M
Cisco SystemsCSCO26.1826.4425.9726.2731.6M
AT&T Inc.T35.9536.3435.6336.1727.1M
MerckMRK35.3635.6034.4935.0125.5M
ComcastCMCSA21.5421.6021.0321.2822.9M
Bristol-Myers SquibbBMY20.2320.2919.8620.0619.1M
ExxonMobilXOM88.4988.7187.7987.9918.5M
Wal-Mart StoresWMT58.9059.3958.5059.3118.1M
Coca-ColaKO55.4255.5254.0454.1817.7M
Verizon CommunicationsVZ36.5436.7936.1136.2416.8M
AltriaMO21.0021.0020.5420.6014.5M
ConocoPhillipsCOP94.7495.8694.4094.5813.9M
Home DepotHD27.3127.6827.1427.5012.4M
Procter & GamblePG66.2566.4165.7765.9012.2M
UnitedHealth GroupUNH30.6530.7429.9230.2011.1M
Abbott LaboratoriesABT53.6554.4453.3654.3310.6M
HP Inc.HPQ47.0548.0347.0047.5810.2M
PepsicoPEP67.0167.7665.2566.0410.1M
Union PacificUNP75.2276.4474.0876.068.6M
VisaV81.3483.5081.1083.278.6M
Johnson & JohnsonJNJ65.9666.1665.5065.847.98M
ChevronCVX99.51100.9099.1199.497.56M
AlphabetGOOGL566.50579.10566.50572.817.08M
Gilead SciencesGILD53.4754.7152.9754.336.86M
International Business MachinesIBM125.46127.14124.65126.716.28M
AmgenAMGN43.4444.5443.4443.995.84M
AmazonAMZN78.4282.5378.4181.705.75M
SchlumbergerSLB100.44101.82100.01100.875.62M
United TechnologiesUTX68.3569.2367.9168.884.93M
McDonald'sMCD59.4460.3059.3959.944.52M
3MMMM75.7676.1275.0975.204.16M
BoeingBA74.7775.4574.0375.023.48M
Walt Disney & Co.DIS33.8033.9033.3933.653.44M
Berkshire HathawayBRK.B4230.004252.004188.004198.0015.5K
Exchange Rates of June 16, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.024 CAD1 CAD = 0.976 USD
US DollarSwiss Franc1 USD = 1.045 CHF1 CHF = 0.957 USD
US DollarChinese Yuan1 USD = 6.901 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 167.360 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.788 GBP1 GBP = 1.270 EUR
EuroAustralian Dollar1 EUR = 1.645 AUD1 AUD = 0.608 EUR
EuroCanadian Dollar1 EUR = 1.584 CAD1 CAD = 0.631 EUR
EuroSwiss Franc1 EUR = 1.616 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.471 GBP1 GBP = 2.125 JPY
Japanese YenAustralian Dollar1 JPY = 0.982 AUD1 AUD = 1.018 JPY
Japanese YenCanadian Dollar1 JPY = 0.946 CAD1 CAD = 1.057 JPY
Japanese YenSwiss Franc1 JPY = 0.966 CHF1 CHF = 1.036 JPY
Pound SterlingAustralian Dollar1 GBP = 2.088 AUD1 AUD = 0.479 GBP
Pound SterlingCanadian Dollar1 GBP = 2.011 CAD1 CAD = 0.497 GBP
Pound SterlingSwiss Franc1 GBP = 2.051 CHF1 CHF = 0.487 GBP
Australian DollarCanadian Dollar1 AUD = 0.963 CAD1 CAD = 1.039 AUD
Australian DollarSwiss Franc1 AUD = 0.982 CHF1 CHF = 1.018 AUD
Canadian DollarSwiss Franc1 CAD = 1.020 CHF1 CHF = 0.980 CAD

See what else happened on June 16, 2008