Financial news on July 23, 2008
Business and Financial news
The Congressional Budget Office said a proposed rescue of Fannie Mae and Freddie Mac could appear on the federal budget as a $25 billion cost to taxpayers, but the figure is, at best, a rough estimate. Read more..
A group of direct-marketing companies, along with a handful of their corporate clients, are banding together to make an inherently unsustainable practice at least a little bit greener. Read more..
India’s finance minister, Palaniappan Chidambaram, said speculation in the market was a greater factor in rising oil prices than offer and demand alone. Read more..
General Electric said it would partner with Mubadala Development Company, an Abu Dhabi-based sovereign wealth fund, to create an $8 billion commercial finance fund. Read more..
The capabilities of Nissan’s electric cars, to be introduced in 2010, will vary by country but none will have range-extending gasoline engines, the company’s chief executive said. Read more..
With large price increases for commonly used commodities, countries like India and Vietnam are already having to deal with double-digit inflation. Read more..
The troubles at Fannie Mae and Freddie Mac could deal another blow to the housing market, as higher interest rates make it harder to refinance existing debts. Read more..
Yahoo said that its revenue in the second quarter grew a sluggish 6 percent from the same period a year earlier as profits fell. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Wells Fargo & Co. | WFC | 30.12 | 31.97 | 29.86 | 30.45 | 122M |
Microsoft | MSFT | 25.92 | 26.84 | 25.85 | 26.43 | 79.4M |
General Electric | GE | 28.78 | 29.39 | 28.55 | 29.33 | 78.4M |
Pfizer | PFE | 18.79 | 19.12 | 18.61 | 19.07 | 65.7M |
JPMorgan Chase | JPM | 40.91 | 43.00 | 39.37 | 41.96 | 59.3M |
Intel | INTC | 22.20 | 22.62 | 22.02 | 22.30 | 56.7M |
Cisco Systems | CSCO | 22.00 | 22.61 | 21.80 | 22.17 | 47.1M |
AT&T Inc. | T | 32.79 | 33.56 | 32.16 | 33.06 | 41.2M |
Apple | AAPL | 165.15 | 168.37 | 161.56 | 166.26 | 37.9M |
Oracle Corp. | ORCL | 21.54 | 21.59 | 21.14 | 21.50 | 32.2M |
Merck | MRK | 31.69 | 32.32 | 31.21 | 31.77 | 31.8M |
Wal-Mart Stores | WMT | 57.50 | 58.99 | 56.69 | 58.09 | 31.2M |
ExxonMobil | XOM | 82.98 | 83.00 | 80.60 | 80.99 | 31.1M |
UnitedHealth Group | UNH | 27.92 | 28.13 | 27.28 | 27.76 | 26.6M |
Home Depot | HD | 23.76 | 25.85 | 23.76 | 25.03 | 26.4M |
Comcast | CMCSA | 19.83 | 20.28 | 19.47 | 20.05 | 20.8M |
ConocoPhillips | COP | 84.81 | 84.81 | 81.46 | 81.83 | 20.7M |
Chevron | CVX | 85.75 | 85.81 | 82.33 | 82.65 | 19.1M |
Verizon Communications | VZ | 34.79 | 36.16 | 34.67 | 35.84 | 18.3M |
Amazon | AMZN | 67.78 | 72.07 | 67.46 | 70.54 | 17.9M |
Abbott Laboratories | ABT | 57.84 | 57.99 | 56.81 | 56.99 | 16.9M |
HP Inc. | HPQ | 43.41 | 44.68 | 43.41 | 44.28 | 16.3M |
Schlumberger | SLB | 103.92 | 104.10 | 99.08 | 100.54 | 16.2M |
Bristol-Myers Squibb | BMY | 21.77 | 22.21 | 21.61 | 21.89 | 16.2M |
McDonald's | MCD | 61.20 | 61.21 | 58.52 | 59.66 | 15M |
Walt Disney & Co. | DIS | 30.62 | 31.19 | 30.40 | 31.15 | 13.2M |
Gilead Sciences | GILD | 51.41 | 53.45 | 51.26 | 52.70 | 12.9M |
Coca-Cola | KO | 51.52 | 52.55 | 51.02 | 52.50 | 12.9M |
Altria | MO | 20.63 | 21.22 | 20.63 | 21.21 | 12.8M |
Visa | V | 73.50 | 75.00 | 72.60 | 73.25 | 12.5M |
Procter & Gamble | PG | 64.25 | 64.94 | 63.82 | 64.70 | 11.3M |
Boeing | BA | 67.32 | 68.01 | 65.62 | 66.72 | 11M |
Johnson & Johnson | JNJ | 68.21 | 68.35 | 67.62 | 68.27 | 10.3M |
International Business Machines | IBM | 129.78 | 130.33 | 128.29 | 129.52 | 10.2M |
Alphabet | GOOGL | 482.00 | 497.23 | 478.10 | 489.22 | 9.78M |
Amgen | AMGN | 54.61 | 54.64 | 53.45 | 53.92 | 9.48M |
Pepsico | PEP | 66.49 | 67.86 | 65.51 | 67.72 | 9.26M |
United Technologies | UTX | 65.47 | 65.96 | 64.74 | 65.78 | 6.4M |
Union Pacific | UNP | 75.15 | 77.50 | 74.17 | 77.33 | 5.74M |
3M | MMM | 70.47 | 71.06 | 70.06 | 70.80 | 4.19M |
Berkshire Hathaway | BRK.B | 3978.00 | 3978.00 | 3908.00 | 3925.00 | 54.3K |
Exchange Rates of July 23, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 107.910 JPY | 1 JPY = 0.009 USD |
US Dollar | Canadian Dollar | 1 USD = 1.011 CAD | 1 CAD = 0.989 USD |
US Dollar | Swiss Franc | 1 USD = 1.038 CHF | 1 CHF = 0.963 USD |
US Dollar | Chinese Yuan | 1 USD = 6.830 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 169.260 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.785 GBP | 1 GBP = 1.274 EUR |
Euro | Australian Dollar | 1 EUR = 1.632 AUD | 1 AUD = 0.613 EUR |
Euro | Canadian Dollar | 1 EUR = 1.586 CAD | 1 CAD = 0.630 EUR |
Euro | Swiss Franc | 1 EUR = 1.628 CHF | 1 CHF = 0.614 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.464 GBP | 1 GBP = 2.157 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0.964 AUD | 1 AUD = 1.037 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.937 CAD | 1 CAD = 1.067 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 0.962 CHF | 1 CHF = 1.040 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.079 AUD | 1 AUD = 0.481 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.020 CAD | 1 CAD = 0.495 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.073 CHF | 1 CHF = 0.482 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.971 CAD | 1 CAD = 1.030 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.997 CHF | 1 CHF = 1.003 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.026 CHF | 1 CHF = 0.975 CAD |
See what else happened on July 23, 2008