Financial news on June 25, 2008
Business and Financial news
The BG Group, the British gas utility, took its $13 billion bid for Origin Energy directly to shareholders, saying the Australian giant was overplaying its hand by demanding a larger takeover offer. Read more..
Officials seized cattle that they said were being raised on an ecological reserve, a warning to other ranchers raising cattle on illegally deforested land in Amazonia. Read more..
Residents of the northwest Bronx are reaching out to the private developer who will transform the Kingsbridge Armory into retail space, asking that labor standards and community space be included. Read more..
A consumer confidence survey recorded its worst reading in 16 years, and home prices in April suffered their worst annual declines in two decades. Read more..
Few plaintiffs joined a class action suit brought against the video game Grand Theft Auto: San Andreas, which contained sex scenes buried in its software. Read more..
Medicare pays $110 for a walker that Wal-Mart sells for $60, and medical equipment makers like it that way. Read more..
The Walt Disney Company, concerned that its main Web site is too corporate and not fun enough, is moving once again to overhaul Disney.com. Read more..
Raffaello Follieri, 29, the former boyfriend of the actress Anne Hathaway, was arrested on Tuesday and charged with fraud and money laundering. Read more..
The deal gives NYSE Euronext a lead in the race against its British and German rivals to become a truly global stock exchange at a time when growth has slowed in their home markets. Read more..
Google’s new service will allow media buyers to identify sites where their display advertisements might work best, judged on criteria like demographics and traffic. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 27.74 | 28.64 | 27.65 | 27.99 | 82M |
| Microsoft | MSFT | 27.80 | 28.67 | 27.76 | 28.35 | 64.3M |
| Oracle Corp. | ORCL | 22.41 | 22.85 | 22.19 | 22.55 | 61.2M |
| Pfizer | PFE | 17.74 | 18.15 | 17.60 | 17.88 | 58M |
| Intel | INTC | 22.42 | 23.00 | 22.42 | 22.65 | 54.8M |
| Cisco Systems | CSCO | 24.52 | 25.11 | 24.35 | 24.70 | 44.1M |
| JPMorgan Chase | JPM | 37.94 | 39.32 | 37.50 | 37.91 | 42.3M |
| Wells Fargo & Co. | WFC | 25.37 | 26.54 | 25.22 | 25.40 | 42M |
| AT&T Inc. | T | 34.89 | 35.25 | 34.40 | 34.47 | 35.8M |
| ExxonMobil | XOM | 87.25 | 88.50 | 85.95 | 87.60 | 27.1M |
| Apple | AAPL | 174.50 | 178.83 | 173.88 | 177.39 | 23M |
| Merck | MRK | 36.75 | 37.20 | 36.33 | 36.98 | 22.1M |
| Wal-Mart Stores | WMT | 57.42 | 58.73 | 57.35 | 58.12 | 22.1M |
| Boeing | BA | 72.06 | 72.79 | 69.16 | 69.64 | 21.1M |
| Comcast | CMCSA | 19.02 | 19.49 | 19.00 | 19.26 | 20.9M |
| ConocoPhillips | COP | 95.22 | 95.34 | 93.18 | 94.02 | 20.4M |
| Home Depot | HD | 25.41 | 26.38 | 25.26 | 25.47 | 19.9M |
| Altria | MO | 21.23 | 21.84 | 21.20 | 21.32 | 16.9M |
| Walt Disney & Co. | DIS | 32.40 | 32.84 | 32.30 | 32.49 | 16.1M |
| Abbott Laboratories | ABT | 53.84 | 54.00 | 53.11 | 53.53 | 15.7M |
| Verizon Communications | VZ | 35.48 | 36.09 | 35.28 | 35.59 | 14.3M |
| Chevron | CVX | 98.81 | 100.17 | 97.35 | 99.36 | 14.2M |
| Procter & Gamble | PG | 63.14 | 64.06 | 62.83 | 63.49 | 12.9M |
| Visa | V | 83.36 | 84.42 | 81.86 | 82.06 | 12.7M |
| Bristol-Myers Squibb | BMY | 20.35 | 20.60 | 20.17 | 20.32 | 12.6M |
| Coca-Cola | KO | 53.46 | 54.58 | 53.40 | 54.10 | 11.9M |
| HP Inc. | HPQ | 45.14 | 46.20 | 45.14 | 45.60 | 11.7M |
| United Technologies | UTX | 68.28 | 68.28 | 65.82 | 66.02 | 11M |
| Schlumberger | SLB | 107.37 | 107.60 | 102.13 | 105.22 | 10.8M |
| Johnson & Johnson | JNJ | 64.83 | 65.68 | 64.72 | 65.28 | 10.4M |
| Amgen | AMGN | 46.31 | 47.25 | 46.20 | 46.82 | 9.39M |
| Pepsico | PEP | 64.13 | 65.92 | 64.13 | 65.52 | 8.84M |
| UnitedHealth Group | UNH | 26.48 | 27.24 | 26.48 | 26.79 | 8.49M |
| McDonald's | MCD | 57.34 | 58.39 | 56.78 | 58.05 | 8.29M |
| Alphabet | GOOGL | 544.00 | 557.80 | 543.67 | 551.00 | 8.24M |
| Amazon | AMZN | 80.45 | 82.15 | 79.52 | 80.51 | 7.39M |
| International Business Machines | IBM | 123.67 | 125.83 | 123.20 | 124.58 | 7.13M |
| Gilead Sciences | GILD | 54.60 | 55.13 | 53.87 | 54.48 | 6.45M |
| 3M | MMM | 72.40 | 73.24 | 72.30 | 72.57 | 4.85M |
| Union Pacific | UNP | 74.27 | 75.97 | 74.27 | 74.88 | 4.31M |
| Berkshire Hathaway | BRK.B | 4085.00 | 4145.00 | 4060.00 | 4067.00 | 14.2K |
Exchange Rates of June 25, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 107.870 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.009 CAD | 1 CAD = 0.991 USD |
| US Dollar | Swiss Franc | 1 USD = 1.035 CHF | 1 CHF = 0.966 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.865 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 168.990 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.793 GBP | 1 GBP = 1.261 EUR |
| Euro | Australian Dollar | 1 EUR = 1.634 AUD | 1 AUD = 0.612 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.581 CAD | 1 CAD = 0.633 EUR |
| Euro | Swiss Franc | 1 EUR = 1.622 CHF | 1 CHF = 0.617 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.469 GBP | 1 GBP = 2.131 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 0.966 AUD | 1 AUD = 1.035 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.935 CAD | 1 CAD = 1.069 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 0.959 CHF | 1 CHF = 1.042 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.059 AUD | 1 AUD = 0.486 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.993 CAD | 1 CAD = 0.502 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.043 CHF | 1 CHF = 0.489 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.967 CAD | 1 CAD = 1.034 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.992 CHF | 1 CHF = 1.008 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.025 CHF | 1 CHF = 0.975 CAD |
See what else happened on June 25, 2008