Financial news on June 22nd, 2007

Business and Financial news
A Sad Tale of Fictional S.E.C. Filings

The case of Universal Express shows how hard it can be for the commission to halt what it views as a fraud. Read more..

By FLOYD NORRIS - The New York Times

Brisk Demand in Emerging Markets Keeps Aircraft Makers Busy

Buoyed by rapidly rising demand and aggressive financing from banks, even the youngest companies are ordering new planes. Read more..

By HEATHER TIMMONS - The New York Times

CBS Leads in Ad Commitments for Fall Season

Four networks manage to increase their rates as they complete their upfront sales. Read more..

By STUART ELLIOTT - The New York Times

Jones Is Said to Be Close to a Sale of Barneys

The Jones Apparel Group is near a deal to sell Barneys New York for about $825 million to an investment arm of the Dubai government. Read more..

By ANDREW ROSS SORKIN - The New York Times

Once Again, Trade Effort Stumbles on Subsidies

Talks collapsed when the U.S. and the European Union fell out with India and Brazil over plans to cut agricultural subsidies and tariffs. Read more..

By CARTER DOUGHERTY - The New York Times

Painting a Rosy Picture of a Costly Fighter Jet

Lockheed Martin’s $600 billion Joint Strike Fighter program is only now moving off the drawing board and into first flight. Read more..

By LESLIE WAYNE - The New York Times

The End of Tom Sawyer-ware

Plaxo, of web address book fame, focuses on synchronizing all the gadgets in your life. Read more..

By JOHN MARKOFF - The New York Times

Waiting for the Punchline

See if you spot the humor in all this. The folks running the SuperNova tech conference this week presented a dozen or so start-up companies. Most of the tech conferences do that, but this one, sponsored by TechCrunch, thought this was the setting for a hilarious joke. Hold on, hold on. This is just so […] Read more..

By DAMON DARLIN - The New York Times

With ABN Amro in Play, Chief of Barclays Capital Savors a New Test

Robert E. Diamond Jr. would be crucial to making a merger between Barclays and ABN Amro work. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE38.7139.1538.2438.2468.2M
Cisco SystemsCSCO27.1727.4926.8526.9253.2M
Oracle Corp.ORCL19.6019.6519.3919.3939.7M
AT&T Inc.T39.6039.7438.7038.8537M
JPMorgan ChaseJPM49.5649.7548.5848.7225.1M
HP Inc.HPQ45.5045.8045.0745.1823M
Johnson & JohnsonJNJ61.8561.9860.7360.7322.1M
Wal-Mart StoresWMT48.2548.4347.8347.8320.5M
Procter & GamblePG61.8861.9760.9961.0319.7M
Home DepotHD39.5940.1239.3639.3619.3M
Verizon CommunicationsVZ42.3142.4041.4641.6318.3M
Wells Fargo & Co.WFC35.4735.5735.0135.0218.2M
Abbott LaboratoriesABT53.6954.0152.8052.8617.3M
Walt Disney & Co.DIS34.0134.4433.9134.1415M
Bristol-Myers SquibbBMY31.8831.9531.2531.4014.2M
International Business MachinesIBM105.79106.44104.44104.4410.8M
UnitedHealth GroupUNH51.6851.9051.0351.307.96M
United TechnologiesUTX72.0572.1771.0671.386.12M
Gilead SciencesGILD79.0279.4977.4678.484.69M
Union PacificUNP118.00118.03114.82116.092.42M
Berkshire HathawayBRK.B3575.003589.503565.003578.0010.1K
Exchange Rates of June 22nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 123.870 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.068 CAD1 CAD = 0.937 USD
US DollarSwiss Franc1 USD = 1.229 CHF1 CHF = 0.814 USD
US DollarChinese Yuan1 USD = 7.625 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 166.860 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.674 GBP1 GBP = 1.485 EUR
EuroAustralian Dollar1 EUR = 1.589 AUD1 AUD = 0.629 EUR
EuroCanadian Dollar1 EUR = 1.439 CAD1 CAD = 0.695 EUR
EuroSwiss Franc1 EUR = 1.656 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.404 GBP1 GBP = 2.478 JPY
Japanese YenAustralian Dollar1 JPY = 0.952 AUD1 AUD = 1.050 JPY
Japanese YenCanadian Dollar1 JPY = 0.862 CAD1 CAD = 1.160 JPY
Japanese YenSwiss Franc1 JPY = 0.992 CHF1 CHF = 1.008 JPY
Pound SterlingAustralian Dollar1 GBP = 2.360 AUD1 AUD = 0.424 GBP
Pound SterlingCanadian Dollar1 GBP = 2.136 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.457 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.905 CAD1 CAD = 1.105 AUD
Australian DollarSwiss Franc1 AUD = 1.041 CHF1 CHF = 0.961 AUD
Canadian DollarSwiss Franc1 CAD = 1.150 CHF1 CHF = 0.869 CAD

See what else happened on June 22nd, 2007