Financial news on June 26, 2007

Business and Financial news
Billionaire Thinks in Trillions for His Computer Designs

A co-founder of Sun Microsystems plans to introduce a supercomputer that will compete for the title as world’s fastest. Read more..

By JOHN MARKOFF - The New York Times

Britain: Vacation Service in Merger With Auto Group

The Saga Group, a British provider of insurance and vacations to the consumers 50 and older, agreed to merge with the Automobile Association in a transaction that values the two closely held companies at £6.2 billion ($12.4 billion). The deal... Read more..

By BLOOMBERG NEWS - The New York Times

Dell Unveiled (Minus the Lovely Assistant)

Dell unveils its new line of redesigned notebook PCs. Read more..

By MATT RICHTEL - The New York Times

Hancock Case Is Settled for $21.3 Million

The Manulife Financial Corporation will pay $21.3 million to settle claims that its John Hancock investment units secretly diverted client funds to pay for marketing. Read more..

By BLOOMBERG NEWS - The New York Times

Hungary: Interest Rate Is Lowered Unexpectedly

Hungary’s central bank unexpectedly cut its benchmark interest rate, the European Union’s highest, for the first time since 2005 after inflation slowed. Policy makers, led by the central bank’s governor, Andras Simor, left, cut t... Read more..

By BLOOMBERG NEWS - The New York Times

Private Equity Investors Hint at Cool Down

After years of supersize private equity deals, investors have begun to push back at several prominent transactions. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Remember Macintosh?

Apple does make computers too. And its new Leopard operating system has a nifty new backup feature it got from Sun Microsystems. Read more..

By THE NEW YORK TIMES - The New York Times

‘Rules’ for Getting Married

Campaign Spotlight. Read more..

By STUART ELLIOTT - The New York Times

The Ad World According to Google

Google explains its ad strategy. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.29 27.49 26.99 27.15 53.5M
Intel INTC 23.58 23.72 23.34 23.38 49.3M
Oracle Corp. ORCL 19.62 19.68 19.02 19.16 49.1M
Microsoft MSFT 29.55 29.80 29.50 29.52 48.3M
Apple AAPL 123.98 124.00 118.72 119.65 48M
General Electric GE 38.24 38.32 37.87 38.02 44.6M
Pfizer PFE 25.48 25.74 25.36 25.59 40.4M
ExxonMobil XOM 82.69 83.09 81.56 81.82 26.9M
AT&T Inc. T 39.30 39.86 39.10 39.29 23.8M
ConocoPhillips COP 78.19 78.54 75.31 75.80 22.5M
Altria MO 68.85 70.41 68.65 69.63 19.1M
JPMorgan Chase JPM 48.76 49.05 48.30 48.60 19M
Amgen AMGN 55.81 55.91 54.95 55.10 18.8M
Home Depot HD 39.38 39.42 38.87 39.15 17M
Comcast CMCSA 27.89 28.27 27.59 27.82 16.6M
Abbott Laboratories ABT 54.54 55.50 53.83 53.97 16.5M
Merck MRK 48.43 49.74 48.40 49.12 16.1M
Wal-Mart Stores WMT 47.82 48.49 47.75 47.97 16.1M
HP Inc. HPQ 45.14 45.34 44.45 44.64 15.5M
Procter & Gamble PG 61.20 61.59 60.99 61.19 14.8M
Verizon Communications VZ 41.61 41.70 40.86 41.07 14.7M
Johnson & Johnson JNJ 61.36 61.96 61.32 61.65 13.9M
Chevron CVX 83.49 83.78 82.37 82.70 13.5M
Schlumberger SLB 87.16 87.55 85.87 86.29 12.6M
Alphabet GOOGL 532.73 533.20 526.24 530.26 11.4M
Wells Fargo & Co. WFC 35.15 35.42 35.01 35.06 11.4M
Amazon AMZN 68.53 68.63 67.38 67.48 11.2M
Coca-Cola KO 51.90 52.34 51.62 51.95 11.1M
Bristol-Myers Squibb BMY 31.78 32.18 31.41 31.69 10.7M
Walt Disney & Co. DIS 34.20 34.29 33.86 34.06 9.64M
McDonald's MCD 51.50 51.94 51.20 51.75 8.58M
Pepsico PEP 65.02 65.20 64.51 64.66 7.75M
Gilead Sciences GILD 39.02 39.30 38.50 38.80 7.3M
International Business Machines IBM 105.10 106.06 104.82 105.33 5.23M
UnitedHealth Group UNH 51.79 52.05 51.36 51.79 5.17M
Boeing BA 95.40 96.47 94.87 94.98 4.36M
United Technologies UTX 71.45 71.52 70.37 70.57 4.11M
3M MMM 86.49 87.00 85.90 86.08 3.03M
Union Pacific UNP 115.43 115.53 113.25 113.48 1.95M
Berkshire Hathaway BRK.B 3553.00 3574.00 3538.00 3540.50 9.3K
Exchange Rates of June 26, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 123.250 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.069 CAD 1 CAD = 0.935 USD
US Dollar Swiss Franc 1 USD = 1.228 CHF 1 CHF = 0.814 USD
US Dollar Chinese Yuan 1 USD = 7.616 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 165.830 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.673 GBP 1 GBP = 1.486 EUR
Euro Australian Dollar 1 EUR = 1.591 AUD 1 AUD = 0.629 EUR
Euro Canadian Dollar 1 EUR = 1.439 CAD 1 CAD = 0.695 EUR
Euro Swiss Franc 1 EUR = 1.652 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.406 GBP 1 GBP = 2.465 JPY
Japanese Yen Australian Dollar 1 JPY = 0.959 AUD 1 AUD = 1.043 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.867 CAD 1 CAD = 1.153 JPY
Japanese Yen Swiss Franc 1 JPY = 0.996 CHF 1 CHF = 1.004 JPY
Pound Sterling Australian Dollar 1 GBP = 2.364 AUD 1 AUD = 0.423 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.138 CAD 1 CAD = 0.468 GBP
Pound Sterling Swiss Franc 1 GBP = 2.454 CHF 1 CHF = 0.407 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.904 CAD 1 CAD = 1.107 AUD
Australian Dollar Swiss Franc 1 AUD = 1.038 CHF 1 CHF = 0.963 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.148 CHF 1 CHF = 0.871 CAD

See what else happened on June 26, 2007