Financial news on July 17, 2008

Business and Financial news
Advocating a Treatment, but Denied Access to It

It is a case that pits a mother desperately seeking a medical treatment for her son against a biotechnology company for whom she claims to have worked tirelessly as an advocate. Read more..

By REED ABELSON - The New York Times

Bloomberg Expected to Buy Merrill’s Stake in His Firm

Mayor Michael R. Bloomberg and one of his earliest business partners are parting company in a deal that places a public value of the mayor’s private company. That figure: At least $22.5 billion. Read more..

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

Check Your Bag, Before the Airline Does

Weighing in at less than a pound itself, Balanzza’s compact digital luggage scale is small enough to bring along and strong enough to weigh up to 100 pounds of suitcase. Read more..

By J. D. BIERSDORFER - The New York Times

Economic Fears Slice Oil Prices for Second Day

Concerns about an economic slowdown pushed oil down yet again, prompting a 2.5 percent jump in the Dow, amid new evidence of rising prices. Read more..

By JAD MOUAWAD and MICHAEL M. GRYNBAUM - The New York Times

Nintendo and Sony Unveil Games

The Japanese video game titans announced wide-ranging new games and services at the E3 convention on Tuesday but did not alter their overall strategies in the fast-growing game market. Read more..

By SETH SCHIESEL - The New York Times

Roy M. Huffington, Independent Oilman, Is Dead at 90

Mr. Huffington was an independent oilman who defied industry precedent by signing an unusually generous deal with Indonesia and made a fortune on natural gas there. Read more..

By DOUGLAS MARTIN - The New York Times

Seeing Images Once Blocked

When I click on a new e-mail message, it says, “external images are not displayed.” Is there a way to change my system so that the images automatically appear? Read more..

By J. D. BIERSDORFER - The New York Times

Senate Report Examines Role of Banks in Tax Evasion

The secrecy surrounding offshore bank accounts was pierced Wednesday by a Senate report that examined how UBS helped wealthy individuals evade American taxes. Read more..

By LYNNLEY BROWNING - The New York Times

The Wild Green Yonder

Airplane manufacturers are trying to bolster their green credentials by lauding initiatives to reduce the environmental impact of flying, as well as the cost. Read more..

By MICHELINE MAYNARD - The New York Times

While the U.S. Spends Heavily on Health Care, a Study Faults the Quality

A new study highlights the stark contrast between what the United States spends on its health system and the quality of care it delivers. Read more..

By REED ABELSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
JPMorgan ChaseJPM38.0540.9937.8040.80132M
Wells Fargo & Co.WFC26.9728.7325.5427.83115M
MicrosoftMSFT27.5827.9127.1127.5296.5M
IntelINTC21.2222.4021.0421.9994M
General ElectricGE28.1028.4227.6928.0073.5M
Cisco SystemsCSCO21.3321.8820.9321.5265.1M
PfizerPFE18.2618.4918.0018.3949.1M
Coca-ColaKO51.2051.3649.7050.3439.6M
ExxonMobilXOM81.3081.7979.1080.3339.2M
Oracle Corp.ORCL20.4821.0420.3720.8637.4M
AT&T Inc.T32.0932.1431.3431.7532.5M
ConocoPhillipsCOP83.4583.8781.6082.8929.3M
AppleAAPL174.09174.98171.39171.8127.1M
ComcastCMCSA19.5519.9319.3719.7126.4M
Wal-Mart StoresWMT56.9857.9155.4257.6824.8M
Home DepotHD22.7923.7122.0523.3822.3M
ChevronCVX86.1486.7583.9785.6720.5M
Abbott LaboratoriesABT57.1057.9855.0857.5020.4M
SchlumbergerSLB97.7799.8994.5696.7819.3M
HP Inc.HPQ43.0043.6542.3043.2319M
Walt Disney & Co.DIS30.5031.2330.1231.2018M
AlphabetGOOGL535.35537.05524.50533.4417.6M
MerckMRK36.5436.9636.0436.9617.2M
VisaV73.7075.0671.3575.0616.8M
Verizon CommunicationsVZ35.5035.6034.9835.4316.2M
AltriaMO21.0321.0820.5020.6516.2M
UnitedHealth GroupUNH22.6023.6722.4923.5816M
Procter & GamblePG63.9764.0863.2063.8915.9M
Bristol-Myers SquibbBMY22.4522.9322.0022.5415.6M
United TechnologiesUTX64.5065.3162.5864.7014.4M
Johnson & JohnsonJNJ68.4468.4567.0067.8314.2M
International Business MachinesIBM126.39126.96124.00126.5212.3M
Gilead SciencesGILD55.7455.9254.5255.4011.1M
PepsicoPEP66.4966.4964.3565.5310.3M
AmgenAMGN52.7553.3952.4953.1910.2M
AmazonAMZN71.2072.3867.7472.119.6M
McDonald'sMCD59.8060.9859.0160.379.48M
BoeingBA66.0567.2265.0566.927.11M
3MMMM69.2269.5867.5469.455.86M
Union PacificUNP73.6974.4371.9373.204.27M
Berkshire HathawayBRK.B3890.003900.003779.003865.0027.9K
Exchange Rates of July 17, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.160 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.005 CAD1 CAD = 0.995 USD
US DollarSwiss Franc1 USD = 1.019 CHF1 CHF = 0.981 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 168.380 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.793 GBP1 GBP = 1.261 EUR
EuroAustralian Dollar1 EUR = 1.629 AUD1 AUD = 0.614 EUR
EuroCanadian Dollar1 EUR = 1.594 CAD1 CAD = 0.628 EUR
EuroSwiss Franc1 EUR = 1.617 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.471 GBP1 GBP = 2.124 JPY
Japanese YenAustralian Dollar1 JPY = 0.967 AUD1 AUD = 1.034 JPY
Japanese YenCanadian Dollar1 JPY = 0.946 CAD1 CAD = 1.057 JPY
Japanese YenSwiss Franc1 JPY = 0.960 CHF1 CHF = 1.042 JPY
Pound SterlingAustralian Dollar1 GBP = 2.055 AUD1 AUD = 0.487 GBP
Pound SterlingCanadian Dollar1 GBP = 2.009 CAD1 CAD = 0.498 GBP
Pound SterlingSwiss Franc1 GBP = 2.038 CHF1 CHF = 0.491 GBP
Australian DollarCanadian Dollar1 AUD = 0.977 CAD1 CAD = 1.023 AUD
Australian DollarSwiss Franc1 AUD = 0.991 CHF1 CHF = 1.009 AUD
Canadian DollarSwiss Franc1 CAD = 1.014 CHF1 CHF = 0.986 CAD

See what else happened on July 17, 2008