Financial news on July 25, 2008
Business and Financial news
Congress has hurled vitriol at the IntercontinentalExchange, but its founder views the business as one of the country’s “most regulated commodity exchanges.” Read more..
Luqman Arnold, who accumulated a 2.5 percent stake in UBS, wants to repair UBS corporate governance by removing what he called “insiders” from the board of directors. Read more..
Investors who think they have been wronged by brokers will be able to have their cases heard by panels consisting only of their peers, with no industry participants. Read more..
The development is the latest twist in a rising nationalism that is shutting Western oil companies out of energy-rich regions and has wide implications for BP. Read more..
Disappointing June home sales and new worries about banks dragged the Dow Jones industrial average down 283.10 points, or 2.43 percent, its worst loss in a month. Read more..
The F.C.C was set to approve a merger between XM and Sirius and end a nearly 18-month review of a deal that would essentially create a monopoly in satellite radio. Read more..
New York attorney general Andrew Cuomo announced a case against Swiss banking giant UBS over its conduct in the auction-rate securities market. Read more..
A Dutch company is accused of making about $1 million in illegal profits by manipulating oil prices last year. Read more..
The Senate is investigating whether insurance companies are forcing able-bodied people to apply for Social Security disability benefits. Read more..
In another sign of stress for automakers, Daimler and Renault reduced their outlooks in the face of higher steel and oil prices and an economic slowdown. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Cisco Systems | CSCO | 22.21 | 22.58 | 21.93 | 22.43 | 63.7M |
| Microsoft | MSFT | 25.66 | 26.22 | 25.50 | 26.16 | 58.7M |
| Wells Fargo & Co. | WFC | 29.33 | 30.01 | 28.51 | 29.09 | 55.5M |
| General Electric | GE | 28.95 | 29.23 | 28.35 | 28.71 | 48M |
| Pfizer | PFE | 18.89 | 18.95 | 18.72 | 18.89 | 42.8M |
| Intel | INTC | 21.80 | 22.08 | 21.56 | 22.01 | 40.2M |
| JPMorgan Chase | JPM | 39.17 | 40.44 | 38.48 | 39.52 | 35.2M |
| ExxonMobil | XOM | 81.01 | 82.41 | 80.76 | 81.70 | 27.6M |
| Oracle Corp. | ORCL | 20.97 | 20.98 | 20.64 | 20.95 | 22.9M |
| Apple | AAPL | 160.37 | 163.00 | 158.65 | 162.12 | 22.6M |
| Comcast | CMCSA | 19.98 | 19.98 | 19.49 | 19.62 | 21.9M |
| AT&T Inc. | T | 31.90 | 32.08 | 31.29 | 31.40 | 21.1M |
| Wal-Mart Stores | WMT | 57.10 | 57.60 | 56.58 | 56.83 | 16.5M |
| ConocoPhillips | COP | 81.98 | 83.39 | 80.33 | 81.98 | 14.8M |
| Home Depot | HD | 24.11 | 24.88 | 23.56 | 23.80 | 14.5M |
| Chevron | CVX | 82.05 | 83.97 | 81.90 | 82.56 | 14.4M |
| Merck | MRK | 32.37 | 33.00 | 32.36 | 32.68 | 13.8M |
| Verizon Communications | VZ | 35.06 | 35.41 | 34.10 | 34.45 | 13.7M |
| Walt Disney & Co. | DIS | 31.22 | 31.52 | 31.00 | 31.10 | 12.8M |
| HP Inc. | HPQ | 43.42 | 44.00 | 43.05 | 43.71 | 11.8M |
| UnitedHealth Group | UNH | 27.02 | 27.60 | 26.90 | 27.45 | 11.2M |
| Procter & Gamble | PG | 64.62 | 64.97 | 64.26 | 64.46 | 11M |
| Abbott Laboratories | ABT | 57.28 | 57.51 | 56.83 | 57.42 | 10.7M |
| Johnson & Johnson | JNJ | 68.88 | 69.21 | 68.56 | 69.03 | 10.5M |
| Altria | MO | 20.85 | 21.34 | 20.76 | 21.07 | 10.1M |
| Schlumberger | SLB | 99.96 | 100.96 | 97.72 | 98.96 | 9.9M |
| Amgen | AMGN | 53.76 | 54.24 | 53.38 | 53.92 | 9.82M |
| Visa | V | 70.54 | 72.35 | 69.07 | 71.96 | 9.67M |
| Bristol-Myers Squibb | BMY | 22.23 | 22.44 | 22.01 | 22.14 | 9.64M |
| Gilead Sciences | GILD | 53.08 | 54.74 | 52.63 | 54.51 | 9.38M |
| Pepsico | PEP | 67.75 | 67.94 | 66.73 | 67.22 | 9.28M |
| Boeing | BA | 63.00 | 64.14 | 62.34 | 63.83 | 9.17M |
| Amazon | AMZN | 79.70 | 80.94 | 78.12 | 78.31 | 9.15M |
| Coca-Cola | KO | 52.25 | 52.25 | 51.53 | 52.06 | 8.43M |
| McDonald's | MCD | 58.59 | 59.99 | 58.35 | 58.65 | 7.95M |
| International Business Machines | IBM | 129.00 | 129.90 | 128.00 | 128.53 | 7.57M |
| Alphabet | GOOGL | 486.96 | 493.13 | 481.50 | 491.98 | 6.36M |
| United Technologies | UTX | 64.39 | 65.29 | 64.37 | 65.23 | 5.08M |
| 3M | MMM | 71.53 | 71.90 | 70.23 | 70.95 | 4.95M |
| Union Pacific | UNP | 77.74 | 78.98 | 75.81 | 77.49 | 3.33M |
| Berkshire Hathaway | BRK.B | 3860.00 | 3871.00 | 3750.00 | 3770.00 | 25.3K |
Exchange Rates of July 25, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 107.820 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.020 CAD | 1 CAD = 0.981 USD |
| US Dollar | Swiss Franc | 1 USD = 1.036 CHF | 1 CHF = 0.965 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.819 CNY | 1 CNY = 0.147 USD |
| Euro | Japanese Yen | 1 EUR = 169.400 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.789 GBP | 1 GBP = 1.268 EUR |
| Euro | Australian Dollar | 1 EUR = 1.642 AUD | 1 AUD = 0.609 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.601 CAD | 1 CAD = 0.624 EUR |
| Euro | Swiss Franc | 1 EUR = 1.628 CHF | 1 CHF = 0.614 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.465 GBP | 1 GBP = 2.149 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 0.969 AUD | 1 AUD = 1.032 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.945 CAD | 1 CAD = 1.058 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 0.961 CHF | 1 CHF = 1.041 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.083 AUD | 1 AUD = 0.480 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.030 CAD | 1 CAD = 0.493 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.063 CHF | 1 CHF = 0.485 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.974 CAD | 1 CAD = 1.026 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.991 CHF | 1 CHF = 1.010 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.016 CHF | 1 CHF = 0.984 CAD |
See what else happened on July 25, 2008