Financial news on June 17, 2008

Business and Financial news
Expediting the Global Jaunt

To deal with the hassle of getting visas stamped in their employees’ passports, businesses are increasingly outsourcing the task to companies known as expediters. Read more..

By PAUL BURNHAM FINNEY - The New York Times

Russian Oil Dispute Renews Concerns

The fight over TNK-BP has turned into something of a showdown involving significant players in the Russian economy, from Western investors to prominent oligarchs to senior officials. Read more..

By CLIFFORD J. LEVY and SOPHIA KISHKOVSKY - The New York Times

You Still Fly Commercial? That’s So Down-Market

Business aviation has grown in the last few years, at the expense of the premium categories of the commercial airline industry. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE29.1829.2428.7728.8663.4M
MicrosoftMSFT29.0029.1228.7928.8044.3M
IntelINTC22.9423.0122.5722.5844M
PfizerPFE17.8517.9517.6717.7243.3M
Wells Fargo & Co.WFC26.7427.2025.2725.4040.7M
Cisco SystemsCSCO26.3326.6325.9125.9738.6M
JPMorgan ChaseJPM40.3640.7538.9539.0432.5M
AppleAAPL178.17181.99177.41181.4332.1M
Oracle Corp.ORCL22.9823.0222.5022.5327.3M
ExxonMobilXOM87.8688.9987.4888.6222M
AT&T Inc.T36.2836.3135.6435.6920.2M
ComcastCMCSA21.2321.3721.0321.1116.2M
Verizon CommunicationsVZ36.3536.3835.8035.8915.4M
MerckMRK35.1235.4134.6434.6815.1M
AltriaMO20.6620.8620.5920.7214.7M
Coca-ColaKO54.5554.7053.9653.9614.3M
Wal-Mart StoresWMT59.4959.5358.5058.6913.6M
Bristol-Myers SquibbBMY20.2320.3319.9620.0313.4M
HP Inc.HPQ47.8948.0047.0947.3412.4M
Abbott LaboratoriesABT54.5055.2453.5653.5712.3M
Home DepotHD27.5527.7326.8026.8712.3M
ConocoPhillipsCOP94.7095.9694.0595.7812.1M
Union PacificUNP76.6076.6172.2172.479.78M
ChevronCVX99.80100.8999.06100.379.16M
Walt Disney & Co.DIS33.8533.8633.1033.119.16M
AmazonAMZN83.1584.3082.8082.978.8M
VisaV84.1084.9883.6884.678.32M
Procter & GamblePG66.1066.2665.7465.808.22M
PepsicoPEP66.2566.5765.5465.877.63M
AmgenAMGN43.8644.7243.7644.397.45M
UnitedHealth GroupUNH30.2830.5129.9630.007.37M
Johnson & JohnsonJNJ66.0466.2565.5065.597.3M
AlphabetGOOGL576.02578.07568.38569.466.92M
SchlumbergerSLB100.10103.87100.01103.476.88M
BoeingBA75.3875.5073.8174.386.5M
McDonald'sMCD60.2760.3359.0759.215.31M
International Business MachinesIBM127.10127.10124.62125.105.28M
United TechnologiesUTX69.3769.3768.1968.415.22M
Gilead SciencesGILD54.2054.4853.3053.555.06M
3MMMM75.4475.7074.8574.973.56M
Berkshire HathawayBRK.B4214.004235.004196.004207.0018.3K
Exchange Rates of June 17, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107.960 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.019 CAD1 CAD = 0.982 USD
US DollarSwiss Franc1 USD = 1.042 CHF1 CHF = 0.960 USD
US DollarChinese Yuan1 USD = 6.891 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 167.410 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.792 GBP1 GBP = 1.262 EUR
EuroAustralian Dollar1 EUR = 1.643 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.580 CAD1 CAD = 0.633 EUR
EuroSwiss Franc1 EUR = 1.615 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.473 GBP1 GBP = 2.114 JPY
Japanese YenAustralian Dollar1 JPY = 0.981 AUD1 AUD = 1.020 JPY
Japanese YenCanadian Dollar1 JPY = 0.943 CAD1 CAD = 1.060 JPY
Japanese YenSwiss Franc1 JPY = 0.965 CHF1 CHF = 1.037 JPY
Pound SterlingAustralian Dollar1 GBP = 2.073 AUD1 AUD = 0.482 GBP
Pound SterlingCanadian Dollar1 GBP = 1.993 CAD1 CAD = 0.502 GBP
Pound SterlingSwiss Franc1 GBP = 2.038 CHF1 CHF = 0.491 GBP
Australian DollarCanadian Dollar1 AUD = 0.961 CAD1 CAD = 1.041 AUD
Australian DollarSwiss Franc1 AUD = 0.983 CHF1 CHF = 1.018 AUD
Canadian DollarSwiss Franc1 CAD = 1.022 CHF1 CHF = 0.978 CAD

See what else happened on June 17, 2008