Financial news on June 25, 2013

Business and Financial news
Algae-Engineering Joint Venture Disbands

Renewable oil company Solazyme and global starch processor Roquette Freres will dissolve joint venture to produce food ingredients derived from genetically engineered algae after failing to agree on timeline and strategy to bring products to market. Read more..

By DIANE CARDWELL - The New York Times

An Anti-Modern Lodging

Business travelers who stay overnight at private and university clubs are drawn to their central locations and reasonable rates, but drawbacks can include outdated furnishings and restrictive house rules like cellphone bans. Read more..

By JULIE WEED - The New York Times

Asian Markets Falter After Central Bank Statement

The Shanghai share index suffered a 5 percent drop after the Chinese central bank said liquidity was “reasonable.” Other global stock indexes also sagged. Read more..

By BETTINA WASSENER - The New York Times

Credit Warnings Offer World a Peek Into China’s Secretive Banks

The Chinese central bank’s crackdown against excessive lending has put focus on a banking sector that some say is hiding piles of bad debt. Read more..

By DAVID BARBOZA - The New York Times

In-Flight Wi-Fi Still Costly, but More Available

Joe Sharkey On the Road column cites report by Routehappy.com finding that 38 percent of domestic flights now feature Wi-Fi; notes that after hundreds of millions of dollars in investment, it still remains to be seen whether service will be financially viable for airlines. Read more..

By JOE SHARKEY - The New York Times

‘Mad Men’ Season Finale Drew 2.7 Million Viewers

The eventful episode on AMC Sunday night drew the biggest audience for a finale in the show’s six-year run. Read more..

By BILL CARTER - The New York Times

Stocks Sag on Wall Street

Share indexes fell on concerns that the Federal Reserve’s stimulus may be drawing to a close and a cash squeeze in China could further slow growth. Read more..

By REUTERS - The New York Times

Supreme Court Raises Bar to Prove Job Discrimination

Supreme Court, in two 5-to-4 decisions, sets new standards that effectively make it harder for workers to prove that they suffered employment discrimination; first ruling narrows definition of what constitutes supervisor in racial and sexual harassment cases, while other adopts tougher standard for workers to prove that they have faced illegal retaliation for complaining about employment discrimination. Read more..

By STEVEN GREENHOUSE - The New York Times

The Other Snowden Drama: Impugning the Messenger

On “Meet the Press’' on Sunday, David Gregory asked Glenn Greenwald whether he should be charged with a crime for publishing leaked information from Edward J. Snowden. Read more..

By DAVID CARR - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 28.08 28.15 27.58 27.99 118M
AT&T Inc. T 34.69 35.21 34.54 35.03 67.2M
Oracle Corp. ORCL 30.50 30.53 29.89 29.96 64.1M
Microsoft MSFT 34.08 34.38 33.46 33.67 44.1M
Cisco Systems CSCO 24.31 24.44 23.99 24.01 41.3M
General Electric GE 23.17 23.25 22.94 23.11 36.6M
Intel INTC 23.83 23.94 23.57 23.88 34.6M
Verizon Communications VZ 49.43 50.68 49.43 50.44 31.4M
Facebook FB 24.14 24.43 24.04 24.25 24.7M
Wells Fargo & Co. WFC 40.16 40.53 39.89 40.30 22.3M
Altria MO 34.84 35.42 34.77 34.93 21M
JPMorgan Chase JPM 51.51 52.56 51.51 52.08 21M
ExxonMobil XOM 89.58 89.62 88.48 89.11 15.8M
HP Inc. HPQ 23.72 24.28 23.71 23.85 14.4M
Comcast CMCSA 40.03 40.33 39.69 40.17 13.5M
Coca-Cola KO 39.82 39.93 39.44 39.72 12.9M
Gilead Sciences GILD 49.41 50.88 49.31 49.78 12.9M
Merck MRK 46.53 46.68 46.08 46.23 12M
Johnson & Johnson JNJ 85.16 85.59 84.54 85.35 11.2M
Apple AAPL 405.70 407.79 398.83 402.63 11.2M
General Motors GM 31.75 32.02 31.54 31.82 9.27M
Home Depot HD 74.07 74.73 73.80 74.14 8.52M
Procter & Gamble PG 77.10 77.24 76.29 76.69 7.91M
Wal-Mart Stores WMT 74.27 74.75 73.84 74.37 7.22M
Bristol-Myers Squibb BMY 45.77 45.77 45.07 45.18 6.95M
Walt Disney & Co. DIS 62.88 63.10 62.50 62.57 6.78M
Schlumberger SLB 72.04 72.99 71.87 72.09 6.69M
ConocoPhillips COP 59.81 60.02 59.37 59.83 6.08M
Abbott Laboratories ABT 35.28 35.38 34.87 35.11 6M
Chevron CVX 117.75 117.87 116.92 117.45 5.98M
Pepsico PEP 80.42 80.55 79.67 80.04 5.93M
Alphabet GOOGL 877.26 879.68 864.51 866.20 5.1M
UnitedHealth Group UNH 65.03 65.54 63.66 63.73 4.96M
Berkshire Hathaway BRK.B 111.81 112.31 110.88 112.07 4.15M
International Business Machines IBM 195.31 195.59 193.15 194.98 3.85M
Boeing BA 99.20 99.66 98.18 98.67 3.56M
McDonald's MCD 97.91 97.99 97.14 97.52 3.21M
United Technologies UTX 92.13 92.44 91.33 91.78 3.18M
Visa V 179.80 181.38 178.50 180.47 3.18M
Amgen AMGN 97.64 98.75 95.64 96.38 3.07M
3M MMM 108.20 108.75 107.54 108.24 2.68M
Amazon AMZN 272.30 273.47 269.00 272.09 2.45M
Union Pacific UNP 151.01 153.97 150.05 153.42 2.32M
Exchange Rates of June 25, 2013
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.940 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.051 CAD 1 CAD = 0.951 USD
US Dollar Swiss Franc 1 USD = 0.938 CHF 1 CHF = 1.066 USD
US Dollar Chinese Yuan 1 USD = 6.145 CNY 1 CNY = 0.163 USD
Euro Japanese Yen 1 EUR = 128.140 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.848 GBP 1 GBP = 1.179 EUR
Euro Australian Dollar 1 EUR = 1.413 AUD 1 AUD = 0.708 EUR
Euro Canadian Dollar 1 EUR = 1.375 CAD 1 CAD = 0.727 EUR
Euro Swiss Franc 1 EUR = 1.227 CHF 1 CHF = 0.815 EUR
Euro Chinese Yuan 1 EUR = 8.050 CNY 1 CNY = 0.124 EUR
Japanese Yen Pound Sterling 1 JPY = 0.662 GBP 1 GBP = 1.512 JPY
Japanese Yen Australian Dollar 1 JPY = 1.102 AUD 1 AUD = 0.908 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.073 CAD 1 CAD = 0.932 JPY
Japanese Yen Swiss Franc 1 JPY = 0.957 CHF 1 CHF = 1.045 JPY
Pound Sterling Australian Dollar 1 GBP = 1.666 AUD 1 AUD = 0.600 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.621 CAD 1 CAD = 0.617 GBP
Pound Sterling Swiss Franc 1 GBP = 1.446 CHF 1 CHF = 0.691 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.481 CNY 1 CNY = 0.105 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.973 CAD 1 CAD = 1.028 AUD
Australian Dollar Swiss Franc 1 AUD = 0.868 CHF 1 CHF = 1.152 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.698 CNY 1 CNY = 0.176 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.892 CHF 1 CHF = 1.122 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.847 CNY 1 CNY = 0.171 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.553 CNY 1 CNY = 0.153 CHF

See what else happened on June 25, 2013