Financial news on June 27, 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..

By SIMON ROMERO and CLIFFORD KRAUSS - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 19.32 19.77 19.27 19.69 76.1M
Microsoft MSFT 29.36 29.95 29.36 29.87 53.5M
Intel INTC 23.29 23.85 23.28 23.79 50.8M
General Electric GE 37.82 38.09 37.64 38.06 41.4M
Cisco Systems CSCO 26.95 27.30 26.85 27.27 38.4M
Apple AAPL 120.61 122.04 119.26 121.89 34.8M
Pfizer PFE 25.51 25.75 25.38 25.61 32.6M
ExxonMobil XOM 81.05 83.52 80.85 83.48 25.8M
AT&T Inc. T 39.05 40.08 39.00 39.98 22.6M
ConocoPhillips COP 74.87 77.50 74.54 77.26 20.1M
Altria MO 69.51 70.26 69.19 70.20 19.7M
Merck MRK 49.08 50.70 48.77 50.33 18.9M
Wal-Mart Stores WMT 47.83 48.49 47.76 48.46 17.9M
Comcast CMCSA 27.51 27.96 27.51 27.92 17.3M
JPMorgan Chase JPM 48.21 49.30 48.08 49.24 16.4M
Home Depot HD 38.92 39.80 38.81 39.76 15.5M
Johnson & Johnson JNJ 61.15 61.53 61.07 61.45 14.2M
Wells Fargo & Co. WFC 34.69 35.37 34.69 35.33 13.5M
Schlumberger SLB 85.67 87.36 85.06 86.97 13.2M
Verizon Communications VZ 40.73 40.99 40.55 40.92 12.7M
Alphabet GOOGL 525.00 527.99 519.56 526.29 12.2M
Amgen AMGN 54.83 55.56 54.62 55.50 12M
Abbott Laboratories ABT 53.68 54.04 53.40 53.97 11.6M
HP Inc. HPQ 44.56 45.29 44.55 45.19 11.4M
Procter & Gamble PG 61.15 61.44 60.91 61.43 10.5M
Chevron CVX 81.87 84.00 81.62 83.89 10.2M
Coca-Cola KO 51.75 52.52 51.75 52.44 9.09M
Bristol-Myers Squibb BMY 31.70 32.18 31.44 32.05 8.8M
Gilead Sciences GILD 38.84 39.86 38.60 39.80 8.55M
McDonald's MCD 51.55 51.66 51.19 51.34 8.44M
Amazon AMZN 66.96 68.21 66.71 68.14 8.24M
Walt Disney & Co. DIS 33.76 34.34 33.73 34.27 8.02M
International Business Machines IBM 104.40 105.47 104.40 105.43 5.4M
Pepsico PEP 64.57 65.54 64.25 65.17 5.19M
UnitedHealth Group UNH 51.20 51.76 51.05 51.75 4.84M
Boeing BA 94.31 94.90 93.58 94.65 4.49M
United Technologies UTX 70.24 71.56 70.13 71.50 3.91M
3M MMM 85.82 87.23 85.77 87.13 3.26M
Union Pacific UNP 112.82 115.11 112.08 114.70 2.29M
Berkshire Hathaway BRK.B 3541.00 3560.00 3539.00 3560.00 6.2K
Exchange Rates of June 27, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 122.830 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.070 CAD 1 CAD = 0.934 USD
US Dollar Swiss Franc 1 USD = 1.229 CHF 1 CHF = 0.814 USD
US Dollar Chinese Yuan 1 USD = 7.618 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 165.250 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.673 GBP 1 GBP = 1.487 EUR
Euro Australian Dollar 1 EUR = 1.604 AUD 1 AUD = 0.623 EUR
Euro Canadian Dollar 1 EUR = 1.440 CAD 1 CAD = 0.695 EUR
Euro Swiss Franc 1 EUR = 1.654 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.407 GBP 1 GBP = 2.458 JPY
Japanese Yen Australian Dollar 1 JPY = 0.970 AUD 1 AUD = 1.031 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.871 CAD 1 CAD = 1.148 JPY
Japanese Yen Swiss Franc 1 JPY = 1.001 CHF 1 CHF = 1.000 JPY
Pound Sterling Australian Dollar 1 GBP = 2.384 AUD 1 AUD = 0.419 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.140 CAD 1 CAD = 0.467 GBP
Pound Sterling Swiss Franc 1 GBP = 2.457 CHF 1 CHF = 0.407 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.897 CAD 1 CAD = 1.115 AUD
Australian Dollar Swiss Franc 1 AUD = 1.030 CHF 1 CHF = 0.971 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.148 CHF 1 CHF = 0.871 CAD

See what else happened on June 27, 2007