Financial news on June 27th, 2007

Business and Financial news
2 Oil Firms Are Defiant in Venezuela

ConocoPhillips and Exxon Mobil refused to meet Venezuela’s deadline for ceding control of major oil ventures, a move that could mean the loss of billions in investments. Read more..


A Business Opportunity

Bid for Tweeters Read more..

By SAUL HANSELL - The New York Times

Canada: Manulife Acquires a Fund Sales Group

The Manulife Financial Corporation, a Canadian life insurance company, said it would buy the Berkshire-TWC Financial Group’s mutual fund and securities dealerships to bolster its Canadian wealth management business. Manulife said the deal wo... Read more..

By BLOOMBERG NEWS - The New York Times

Doing It First, Over and Over and Over

Rituals like camping out for the first iPhone — and reading about it — are a reminder that at least some things in this crazy world are still predictable. Read more..

By SAUL HANSELL - The New York Times

Dutch Opinion Lends Support to Barclays Bid for ABN Amro

The British bank bidding for ABN Amro, won an endorsement from a Dutch Supreme Court adviser that could help decide in its favor the next step in the banking takeover battle. Read more..

By JULIA WERDIGIER - The New York Times

Japan: Coca-Cola Buys Stake in a Bottler in Tokyo

The Coca-Cola Company will buy a 34 percent stake in the Tokyo Coca-Cola Bottling Company to increase sales in Japan after volume declined last year. The Japanese subsidiary of Coca-Cola will buy new shares of the closely held Tokyo-based bottler,... Read more..

By BLOOMBERG NEWS - The New York Times

Jurors Are Expected to Get Conrad Black’s Case Today

The jury expected to begin poring over 100 pages of jury instructions starting Wednesday. Read more..

By ERIC FERKENHOFF - The New York Times

Paving the Way for Hotels in Hell’s Kitchen

The pioneering San Francisco-based Kimpton Hotel and Restaurant Group, which worked its way eastward, is looking west again — this time to Hell’s Kitchen. Read more..

By JANE L. LEVERE - The New York Times

The A.M.A. Gets Under Your Skin

The association offers recommendations — and reservations — about the use of implanted RFID tags for patients’ medical records. Read more..

By BARNABY J. FEDER - The New York Times

Tip of the Week: Search Engines

Search engines have shortcuts to all kinds of information, like stock quotes and gasoline prices, even song lyrics. Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL19,3219,7719,2719,6976.1M
General ElectricGE37,8238,0937,6438,0641.4M
Cisco SystemsCSCO26,9527,3026,8527,2738.4M
AT&T Inc.T39,0540,0839,0039,9822.6M
Wal-Mart StoresWMT47,8348,4947,7648,4617.9M
JPMorgan ChaseJPM48,2149,3048,0849,2416.4M
Home DepotHD38,9239,8038,8139,7615.5M
Johnson & JohnsonJNJ61,1561,5361,0761,4514.2M
Wells Fargo & Co.WFC34,6935,3734,6935,3313.5M
Verizon CommunicationsVZ40,7340,9940,5540,9212.7M
Abbott LaboratoriesABT53,6854,0453,4053,9711.6M
HP Inc.HPQ44,5645,2944,5545,1911.4M
Procter & GamblePG61,1561,4460,9161,4310.5M
Bristol-Myers SquibbBMY31,7032,1831,4432,058.8M
Gilead SciencesGILD38,8439,8638,6039,808.55M
Walt Disney & Co.DIS33,7634,3433,7334,278.02M
International Business MachinesIBM104,40105,47104,40105,435.4M
UnitedHealth GroupUNH51,2051,7651,0551,754.84M
United TechnologiesUTX70,2471,5670,1371,503.91M
Union PacificUNP112,82115,11112,08114,702.29M
Berkshire HathawayBRK.B3541,003560,003539,003560,006.2K
Exchange Rates of June 27th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122,830 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,070 CAD1 CAD = 0,934 USD
US DollarSwiss Franc1 USD = 1,229 CHF1 CHF = 0,814 USD
US DollarChinese Yuan1 USD = 7,618 CNY1 CNY = 0,131 USD
EuroJapanese Yen1 EUR = 165,250 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,673 GBP1 GBP = 1,487 EUR
EuroAustralian Dollar1 EUR = 1,604 AUD1 AUD = 0,623 EUR
EuroCanadian Dollar1 EUR = 1,440 CAD1 CAD = 0,695 EUR
EuroSwiss Franc1 EUR = 1,654 CHF1 CHF = 0,605 EUR
Japanese YenPound Sterling1 JPY = 0,407 GBP1 GBP = 2,458 JPY
Japanese YenAustralian Dollar1 JPY = 0,970 AUD1 AUD = 1,031 JPY
Japanese YenCanadian Dollar1 JPY = 0,871 CAD1 CAD = 1,148 JPY
Japanese YenSwiss Franc1 JPY = 1,001 CHF1 CHF = 1,000 JPY
Pound SterlingAustralian Dollar1 GBP = 2,384 AUD1 AUD = 0,419 GBP
Pound SterlingCanadian Dollar1 GBP = 2,140 CAD1 CAD = 0,467 GBP
Pound SterlingSwiss Franc1 GBP = 2,457 CHF1 CHF = 0,407 GBP
Australian DollarCanadian Dollar1 AUD = 0,897 CAD1 CAD = 1,115 AUD
Australian DollarSwiss Franc1 AUD = 1,030 CHF1 CHF = 0,971 AUD
Canadian DollarSwiss Franc1 CAD = 1,148 CHF1 CHF = 0,871 CAD

See what else happened on June 27th, 2007