Financial news on June 26th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.2927.4926.9927.1553.5M
Oracle Corp.ORCL19.6219.6819.0219.1649.1M
General ElectricGE38.2438.3237.8738.0244.6M
AT&T Inc.T39.3039.8639.1039.2923.8M
JPMorgan ChaseJPM48.7649.0548.3048.6019M
Home DepotHD39.3839.4238.8739.1517M
Abbott LaboratoriesABT54.5455.5053.8353.9716.5M
Wal-Mart StoresWMT47.8248.4947.7547.9716.1M
HP Inc.HPQ45.1445.3444.4544.6415.5M
Procter & GamblePG61.2061.5960.9961.1914.8M
Verizon CommunicationsVZ41.6141.7040.8641.0714.7M
Johnson & JohnsonJNJ61.3661.9661.3261.6513.9M
Wells Fargo & Co.WFC35.1535.4235.0135.0611.4M
Bristol-Myers SquibbBMY31.7832.1831.4131.6910.7M
Walt Disney & Co.DIS34.2034.2933.8634.069.64M
Gilead SciencesGILD39.0239.3038.5038.807.3M
International Business MachinesIBM105.10106.06104.82105.335.23M
UnitedHealth GroupUNH51.7952.0551.3651.795.17M
United TechnologiesUTX71.4571.5270.3770.574.11M
Union PacificUNP115.43115.53113.25113.481.95M
Berkshire HathawayBRK.B3553.003574.003538.003540.509.3K
Exchange Rates of June 26th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 123.250 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.069 CAD1 CAD = 0.935 USD
US DollarSwiss Franc1 USD = 1.228 CHF1 CHF = 0.814 USD
US DollarChinese Yuan1 USD = 7.616 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 165.830 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.673 GBP1 GBP = 1.486 EUR
EuroAustralian Dollar1 EUR = 1.591 AUD1 AUD = 0.629 EUR
EuroCanadian Dollar1 EUR = 1.439 CAD1 CAD = 0.695 EUR
EuroSwiss Franc1 EUR = 1.652 CHF1 CHF = 0.605 EUR
Japanese YenPound Sterling1 JPY = 0.406 GBP1 GBP = 2.465 JPY
Japanese YenAustralian Dollar1 JPY = 0.959 AUD1 AUD = 1.043 JPY
Japanese YenCanadian Dollar1 JPY = 0.867 CAD1 CAD = 1.153 JPY
Japanese YenSwiss Franc1 JPY = 0.996 CHF1 CHF = 1.004 JPY
Pound SterlingAustralian Dollar1 GBP = 2.364 AUD1 AUD = 0.423 GBP
Pound SterlingCanadian Dollar1 GBP = 2.138 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.454 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.904 CAD1 CAD = 1.107 AUD
Australian DollarSwiss Franc1 AUD = 1.038 CHF1 CHF = 0.963 AUD
Canadian DollarSwiss Franc1 CAD = 1.148 CHF1 CHF = 0.871 CAD

See what else happened on June 26th, 2007