Financial news on June 25th, 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at private and university clubs are drawn to their central locations and reasonable rates, but drawbacks can include outdated furnishings and restrictive house rules like cellphone bans.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 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..


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

StockTicker symbolOpenHighLowCloseVolume
AT&T Inc.T34.6935.2134.5435.0367.2M
Oracle Corp.ORCL30.5030.5329.8929.9664.1M
Cisco SystemsCSCO24.3124.4423.9924.0141.3M
General ElectricGE23.1723.2522.9423.1136.6M
Verizon CommunicationsVZ49.4350.6849.4350.4431.4M
Wells Fargo & Co.WFC40.1640.5339.8940.3022.3M
JPMorgan ChaseJPM51.5152.5651.5152.0821M
HP Inc.HPQ23.7224.2823.7123.8514.4M
Gilead SciencesGILD49.4150.8849.3149.7812.9M
Johnson & JohnsonJNJ85.1685.5984.5485.3511.2M
General MotorsGM31.7532.0231.5431.829.27M
Home DepotHD74.0774.7373.8074.148.52M
Procter & GamblePG77.1077.2476.2976.697.91M
Wal-Mart StoresWMT74.2774.7573.8474.377.22M
Bristol-Myers SquibbBMY45.7745.7745.0745.186.95M
Walt Disney & Co.DIS62.8863.1062.5062.576.78M
Abbott LaboratoriesABT35.2835.3834.8735.116M
UnitedHealth GroupUNH65.0365.5463.6663.734.96M
Berkshire HathawayBRK.B111.81112.31110.88112.074.15M
International Business MachinesIBM195.31195.59193.15194.983.85M
United TechnologiesUTX92.1392.4491.3391.783.18M
Union PacificUNP151.01153.97150.05153.422.32M
Exchange Rates of June 25th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.940 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.051 CAD1 CAD = 0.951 USD
US DollarSwiss Franc1 USD = 0.938 CHF1 CHF = 1.066 USD
US DollarChinese Yuan1 USD = 6.145 CNY1 CNY = 0.163 USD
EuroJapanese Yen1 EUR = 128.140 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.848 GBP1 GBP = 1.179 EUR
EuroAustralian Dollar1 EUR = 1.413 AUD1 AUD = 0.708 EUR
EuroCanadian Dollar1 EUR = 1.375 CAD1 CAD = 0.727 EUR
EuroSwiss Franc1 EUR = 1.227 CHF1 CHF = 0.815 EUR
EuroChinese Yuan1 EUR = 8.050 CNY1 CNY = 0.124 EUR
Japanese YenPound Sterling1 JPY = 0.662 GBP1 GBP = 1.512 JPY
Japanese YenAustralian Dollar1 JPY = 1.102 AUD1 AUD = 0.908 JPY
Japanese YenCanadian Dollar1 JPY = 1.073 CAD1 CAD = 0.932 JPY
Japanese YenSwiss Franc1 JPY = 0.957 CHF1 CHF = 1.045 JPY
Pound SterlingAustralian Dollar1 GBP = 1.666 AUD1 AUD = 0.600 GBP
Pound SterlingCanadian Dollar1 GBP = 1.621 CAD1 CAD = 0.617 GBP
Pound SterlingSwiss Franc1 GBP = 1.446 CHF1 CHF = 0.691 GBP
Pound SterlingChinese Yuan1 GBP = 9.481 CNY1 CNY = 0.105 GBP
Australian DollarCanadian Dollar1 AUD = 0.973 CAD1 CAD = 1.028 AUD
Australian DollarSwiss Franc1 AUD = 0.868 CHF1 CHF = 1.152 AUD
Australian DollarChinese Yuan1 AUD = 5.698 CNY1 CNY = 0.176 AUD
Canadian DollarSwiss Franc1 CAD = 0.892 CHF1 CHF = 1.122 CAD
Canadian DollarChinese Yuan1 CAD = 5.847 CNY1 CNY = 0.171 CAD
Swiss FrancChinese Yuan1 CHF = 6.553 CNY1 CNY = 0.153 CHF

See what else happened on June 25th, 2013