Financial news on June 20, 2007

Business and Financial news
After Shake-Up, What Now for Yahoo?

All eyes are on the next steps that Jerry Yang, the company’s co-founder, will take to rejuvenate the troubled business. Read more..

By MIGUEL HELFT and ANDREW ROSS SORKIN - The New York Times

AIDS Research Gets a Home at Brooklyn Army Terminal

The city and state plan to make the Brooklyn Army Terminal a home for new bioscience ventures. Read more..

By TERRY PRISTIN - The New York Times

A Lesson That Thomas Could Teach

The toy train recall shows the realities of offshoring, but it isn’t clear that anyone involved has learned anything. Read more..

By DAVID LEONHARDT - The New York Times

Court Upholds Plavix Patent

The decision removes a weighty uncertainty for Bristol-Myers Squibb and Sanofi-Aventis, the companies that market the product. Read more..

By STEPHANIE SAUL - The New York Times

Home Depot Sells a Unit That Never Fit

The home improvement chain sold its supply unit to a group of private equity firms for more than $10.3 billion. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

House Committee Favors 5-Year Extension of Farm Policies, Rejecting Even Modest Shifts

The House panel that oversees subsidies to farmers voted to maintain the status quo by extending current policies for five years. Read more..

By ANDREW MARTIN - The New York Times

In Praise of Proprietary Elitists

The prevailing orthodoxy in technology circles is that openness is not only good thing, but a winning strategy. Open innovation, we’re told, is the way of the future. Sharing, not hoarding, is the path to not only virtue but success. So a small thought exercise. What two companies are at the top of almost anyone’s […] Read more..

By THE NEW YORK TIMES - The New York Times

New York Law to Expand by Staying Put

It can pay to stay in place, if a real estate owner is able to think creatively to extract as much value as possible from a property. Read more..

By SANA SIWOLOP - The New York Times

Panel Supports Tax Breaks for Coal and Non-Oil Fuel

The Senate Finance Committee approved $28 billion in tax breaks to underwrite renewable fuels, all at the expense of the oil industry. Read more..

By EDMUND L. ANDREWS - The New York Times

YouTube to Be Available in 7 Additional Languages

The new sites — in French, Spanish, Portuguese, Italian, Japanese, Polish and Dutch — will feature local language home pages. Read more..

By VICTORIA SHANNON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Home Depot HD 40.89 41.19 39.91 40.03 66.8M
Intel INTC 24.22 24.35 23.90 23.94 63M
Cisco Systems CSCO 27.38 27.70 27.14 27.20 62.3M
General Electric GE 39.54 39.77 38.96 39.07 60.2M
Pfizer PFE 26.38 26.38 25.68 25.71 58.6M
Microsoft MSFT 30.44 30.51 29.96 30.01 46.9M
Oracle Corp. ORCL 19.96 19.96 19.52 19.53 34.9M
Apple AAPL 123.87 124.66 121.50 121.55 32.1M
ExxonMobil XOM 85.88 85.94 82.77 82.82 27.9M
Comcast CMCSA 28.26 28.84 28.10 28.18 25.7M
AT&T Inc. T 40.40 40.59 39.50 39.53 23.7M
Procter & Gamble PG 61.99 62.49 61.82 61.94 18.5M
Wal-Mart Stores WMT 49.06 49.25 48.56 48.59 18M
Abbott Laboratories ABT 54.93 55.22 54.25 54.28 16.3M
JPMorgan Chase JPM 50.91 50.99 49.42 49.46 14.9M
ConocoPhillips COP 80.74 80.78 78.10 78.20 14.2M
Merck MRK 50.00 50.09 49.21 49.26 14M
Bristol-Myers Squibb BMY 31.57 31.86 31.19 31.23 13.9M
HP Inc. HPQ 45.87 46.00 45.03 45.04 13.9M
Altria MO 69.50 69.84 68.19 68.27 13.4M
UnitedHealth Group UNH 52.72 52.79 51.39 51.50 12.7M
Amgen AMGN 58.10 58.70 57.58 57.70 12M
Wells Fargo & Co. WFC 36.45 36.46 35.67 35.68 11.9M
Schlumberger SLB 85.05 85.51 83.42 84.76 11.5M
Johnson & Johnson JNJ 62.52 62.84 61.99 62.04 11.3M
Walt Disney & Co. DIS 34.76 34.76 34.16 34.19 11.2M
Chevron CVX 83.60 83.70 80.76 80.97 11M
Coca-Cola KO 51.54 52.08 51.32 51.49 9.99M
Verizon Communications VZ 43.10 43.17 42.53 42.54 9.64M
Amazon AMZN 70.25 70.50 69.05 69.10 9.17M
Alphabet GOOGL 516.96 518.75 509.06 509.97 8.67M
McDonald's MCD 52.38 52.47 51.30 51.33 7.6M
International Business Machines IBM 106.50 107.02 105.95 106.00 6.54M
Pepsico PEP 66.12 66.42 65.52 65.52 4.75M
Boeing BA 97.10 97.72 96.01 96.08 4.73M
United Technologies UTX 72.19 72.64 71.73 71.83 4.36M
Gilead Sciences GILD 80.70 80.85 79.02 79.10 3.79M
3M MMM 87.97 88.30 86.99 87.08 2.79M
Union Pacific UNP 119.20 119.75 117.15 117.31 1.58M
Berkshire Hathaway BRK.B 3628.50 3633.00 3610.00 3611.50 11.1K
Exchange Rates of June 20, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 123.560 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.066 CAD 1 CAD = 0.938 USD
US Dollar Swiss Franc 1 USD = 1.237 CHF 1 CHF = 0.808 USD
US Dollar Chinese Yuan 1 USD = 7.618 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 165.620 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.672 GBP 1 GBP = 1.487 EUR
Euro Australian Dollar 1 EUR = 1.587 AUD 1 AUD = 0.630 EUR
Euro Canadian Dollar 1 EUR = 1.429 CAD 1 CAD = 0.700 EUR
Euro Swiss Franc 1 EUR = 1.658 CHF 1 CHF = 0.603 EUR
Japanese Yen Pound Sterling 1 JPY = 0.406 GBP 1 GBP = 2.464 JPY
Japanese Yen Australian Dollar 1 JPY = 0.958 AUD 1 AUD = 1.044 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.862 CAD 1 CAD = 1.160 JPY
Japanese Yen Swiss Franc 1 JPY = 1.001 CHF 1 CHF = 0.999 JPY
Pound Sterling Australian Dollar 1 GBP = 2.360 AUD 1 AUD = 0.424 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.125 CAD 1 CAD = 0.471 GBP
Pound Sterling Swiss Franc 1 GBP = 2.466 CHF 1 CHF = 0.406 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.900 CAD 1 CAD = 1.111 AUD
Australian Dollar Swiss Franc 1 AUD = 1.044 CHF 1 CHF = 0.958 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.160 CHF 1 CHF = 0.862 CAD

See what else happened on June 20, 2007