Financial news on June 26th, 2008

Business and Financial news
Anheuser to Reject InBev Offer

The board of the brewing company Anheuser-Busch is planning to reject InBev’s unsolicited $46.4 billion takeover bid this week, people close to the company said. Read more..

By ANDREW ROSS SORKIN - The New York Times

Barclays Bank Seeks $8.9 Billion Through a Share Issue

The British bank joined rivals in tapping the wealth of Asian and Middle Eastern investors to strengthen its capital base in a sign of continuing fallout from the subprime mortgage turmoil. Read more..

By JULIA WERDIGIER - The New York Times

Cellphone Filled With Features, Hidden Away

The LG Decoy has a detachable Bluetooth headset that is built into the back of the phone so the earpiece is there when you need to make a hands-free call. Read more..

By J. D. BIERSDORFER - The New York Times

Fed Shifts Its Concern to Inflation

The decision to halt a stream of rate cuts signaled concern that rising oil prices will push up the costs of goods and services. Read more..

By LOUIS UCHITELLE - The New York Times

Leonid Hurwicz, Nobel Economist, Dies at 90

Mr. Hurwicz shared the Nobel Prize in economics last year for his work on mechanism design theory, which helps explain the interaction among individuals, markets and institutions. Read more..

By WILLIAM GRIMES - The New York Times

MasterCard Will Pay $1.8 Billion to American Express

The deal comes months after Visa paid more than $2.1 billion to American Express over similar antitrust claims. Read more..

By ERIC DASH - The New York Times

New iPod, New AV Cable

I can’t select the TV Out menu option on my new iPod when it is connected to my television with an iPod video cable. Is there another setting I need to adjust to play videos from my iPod on the TV screen? Read more..

By J. D. BIERSDORFER - The New York Times

Parties Split on How to Expand Offshore Drilling

Republicans want to end the ban on offshore drilling, while Democrats want to force companies to speed up exploration in certain offshore areas that they already control. Read more..

By CLIFFORD KRAUSS - The New York Times

Profit Expands for BlackBerry Maker

Research in Motion said that its first quarter profit was more than double that of last year. But the result fell short of analysts’ estimates, causing the company’s shares to fall in after-hours trading. Read more..

By IAN AUSTEN - The New York Times

Tip of the Week: Previewing Search Results

The Google Preview browser extension adds a small thumbnail image of each hit on your results page to help you see what you’re getting before you click the link Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE27.6627.6626.5126.5387.4M
Oracle Corp.ORCL21.7322.2221.4221.4270M
Wells Fargo & Co.WFC24.7925.3124.0724.0759.1M
JPMorgan ChaseJPM37.1537.5836.2036.3245.7M
Cisco SystemsCSCO24.3124.5023.8223.8245.1M
AT&T Inc.T34.7834.7833.4733.4736.6M
Wal-Mart StoresWMT57.7558.2756.8356.8321.1M
Verizon CommunicationsVZ35.4935.4934.3134.3120.5M
Walt Disney & Co.DIS32.1632.2931.5231.5319.8M
Home DepotHD25.2325.3724.6124.6618.9M
HP Inc.HPQ45.2545.2544.2644.6717.6M
Procter & GamblePG63.2263.8862.2362.2515.2M
Bristol-Myers SquibbBMY20.2620.3019.6619.6714.7M
United TechnologiesUTX65.4165.6862.6562.7914.6M
Abbott LaboratoriesABT53.8653.8652.6252.7413.4M
UnitedHealth GroupUNH26.4827.3025.8925.9712.4M
Johnson & JohnsonJNJ64.6865.3564.2664.2612.4M
International Business MachinesIBM123.43123.82120.76121.139.71M
Gilead SciencesGILD54.0054.2852.9452.947.28M
Union PacificUNP74.1975.2272.6872.995M
Berkshire HathawayBRK.B4058.004078.004003.004037.5026.2K
Exchange Rates of June 26th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.850 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.013 CAD1 CAD = 0.987 USD
US DollarSwiss Franc1 USD = 1.024 CHF1 CHF = 0.976 USD
US DollarChinese Yuan1 USD = 6.866 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 168.290 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.792 GBP1 GBP = 1.263 EUR
EuroAustralian Dollar1 EUR = 1.649 AUD1 AUD = 0.607 EUR
EuroCanadian Dollar1 EUR = 1.596 CAD1 CAD = 0.627 EUR
EuroSwiss Franc1 EUR = 1.613 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.470 GBP1 GBP = 2.126 JPY
Japanese YenAustralian Dollar1 JPY = 0.979 AUD1 AUD = 1.021 JPY
Japanese YenCanadian Dollar1 JPY = 0.948 CAD1 CAD = 1.055 JPY
Japanese YenSwiss Franc1 JPY = 0.958 CHF1 CHF = 1.044 JPY
Pound SterlingAustralian Dollar1 GBP = 2.082 AUD1 AUD = 0.480 GBP
Pound SterlingCanadian Dollar1 GBP = 2.015 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 2.036 CHF1 CHF = 0.491 GBP
Australian DollarCanadian Dollar1 AUD = 0.967 CAD1 CAD = 1.034 AUD
Australian DollarSwiss Franc1 AUD = 0.978 CHF1 CHF = 1.023 AUD
Canadian DollarSwiss Franc1 CAD = 1.011 CHF1 CHF = 0.990 CAD

See what else happened on June 26th, 2008