Financial news on June 25th, 2008

Business and Financial news
Bid for Australian Energy Company Turns Hostile

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..

By DAVID JOLLY - The New York Times

Brazil Seizes Livestock to Protect Rain Forest

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..

By ANDREW DOWNIE - The New York Times

Bronx Groups Demand a Voice in a Landmark’s Revival

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..

By TERRY PRISTIN - The New York Times

Consumer Confidence Declines to a 16-Year Low

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..

By MICHAEL M. GRYNBAUM - The New York Times

Hidden Sex Scenes Draw Ho-Hum, Except From Lawyers

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..

By JONATHAN D. GLATER - The New York Times

High Medicare Costs, Courtesy of Congress

Medicare pays $110 for a walker that Wal-Mart sells for $60, and medical equipment makers like it that way. Read more..

By DAVID LEONHARDT - The New York Times

In Overhaul, Seeks a Path to More Fun

The Walt Disney Company, concerned that its main Web site is too corporate and not fun enough, is moving once again to overhaul Read more..

By BROOKS BARNES - The New York Times

Investor, a Socialite, Is Charged With Fraud

Raffaello Follieri, 29, the former boyfriend of the actress Anne Hathaway, was arrested on Tuesday and charged with fraud and money laundering. Read more..


NYSE Buys 25% of Qatar Securities Market

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..

By JULIA WERDIGIER - The New York Times

Service From Google Gives Crucial Data to Ad Buyers

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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE27.7428.6427.6527.9982M
Oracle Corp.ORCL22.4122.8522.1922.5561.2M
Cisco SystemsCSCO24.5225.1124.3524.7044.1M
JPMorgan ChaseJPM37.9439.3237.5037.9142.3M
Wells Fargo & Co.WFC25.3726.5425.2225.4042M
AT&T Inc.T34.8935.2534.4034.4735.8M
Wal-Mart StoresWMT57.4258.7357.3558.1222.1M
Home DepotHD25.4126.3825.2625.4719.9M
Walt Disney & Co.DIS32.4032.8432.3032.4916.1M
Abbott LaboratoriesABT53.8454.0053.1153.5315.7M
Verizon CommunicationsVZ35.4836.0935.2835.5914.3M
Procter & GamblePG63.1464.0662.8363.4912.9M
Bristol-Myers SquibbBMY20.3520.6020.1720.3212.6M
HP Inc.HPQ45.1446.2045.1445.6011.7M
United TechnologiesUTX68.2868.2865.8266.0211M
Johnson & JohnsonJNJ64.8365.6864.7265.2810.4M
UnitedHealth GroupUNH26.4827.2426.4826.798.49M
International Business MachinesIBM123.67125.83123.20124.587.13M
Gilead SciencesGILD54.6055.1353.8754.486.45M
Union PacificUNP74.2775.9774.2774.884.31M
Berkshire HathawayBRK.B4085.004145.004060.004067.0014.2K
Exchange Rates of June 25th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107.870 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.009 CAD1 CAD = 0.991 USD
US DollarSwiss Franc1 USD = 1.035 CHF1 CHF = 0.966 USD
US DollarChinese Yuan1 USD = 6.865 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 168.990 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.793 GBP1 GBP = 1.261 EUR
EuroAustralian Dollar1 EUR = 1.634 AUD1 AUD = 0.612 EUR
EuroCanadian Dollar1 EUR = 1.581 CAD1 CAD = 0.633 EUR
EuroSwiss Franc1 EUR = 1.622 CHF1 CHF = 0.617 EUR
Japanese YenPound Sterling1 JPY = 0.469 GBP1 GBP = 2.131 JPY
Japanese YenAustralian Dollar1 JPY = 0.966 AUD1 AUD = 1.035 JPY
Japanese YenCanadian Dollar1 JPY = 0.935 CAD1 CAD = 1.069 JPY
Japanese YenSwiss Franc1 JPY = 0.959 CHF1 CHF = 1.042 JPY
Pound SterlingAustralian Dollar1 GBP = 2.059 AUD1 AUD = 0.486 GBP
Pound SterlingCanadian Dollar1 GBP = 1.993 CAD1 CAD = 0.502 GBP
Pound SterlingSwiss Franc1 GBP = 2.043 CHF1 CHF = 0.489 GBP
Australian DollarCanadian Dollar1 AUD = 0.967 CAD1 CAD = 1.034 AUD
Australian DollarSwiss Franc1 AUD = 0.992 CHF1 CHF = 1.008 AUD
Canadian DollarSwiss Franc1 CAD = 1.025 CHF1 CHF = 0.975 CAD

See what else happened on June 25th, 2008