Financial news on June 27, 2008

Business and Financial news
A Company Computer and Questions About E-Mail Privacy

A lawsuit involves an unsettled area of the law, where changes in technology create tension between expectations of personal privacy and companies’ rights to monitor equipment. Read more..

By JONATHAN D. GLATER - The New York Times

A Pep Talk at Chrysler, Hailing Its Hero of the ’80s

For one afternoon at least, it was like the good old days again at Chrysler as Lee Iacocca, the celebrated former chairman, urged workers not to panic during tough times. Read more..

By BILL VLASIC - The New York Times

Europe Tells Airlines to Pay for Emissions

The European Union reached a landmark agreement Thursday to cap emissions from aircraft, raising the stakes in a battle with the United States over how to regulate greenhouse gases. Read more..

By JAMES KANTER - The New York Times

Gloom Descends Over Wall Street Again

After rallying for a few hopeful months this spring, the stock market is sinking to its lowest level in years. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Google Tries Tighter Aim for Web Ads

Google is for the first time testing ways to use some of its data about online behavior to aim ads at Web users. Read more..

By SAUL HANSELL - The New York Times

InBev’s Bid for Anheuser Turns Hostile

As directors at Anheuser-Busch rejected an offer from InBev as “financially inadequate,” the Belgian brewer decided take its takeover bid directly to shareholders. Read more..

By ANDREW ROSS SORKIN - The New York Times

London Exchange Plans New Trading System

The new pan-European system, to be created by the London exchange in partnership with Lehmen Brothers, will be a platform for so-called dark liquidity pool trading. Read more..

By DAVID JOLLY - The New York Times

New Flavors for Addresses on the Web Are on the Way

Icann voted to permit the introduction of Web addresses ending in words like .paris and .sports, making the most sweeping changes to the network’s address system since its creation. Read more..

By DOREEN CARVAJAL and BRAD STONE - The New York Times

Post-Spitzer, a New Breed of Reformer

Slowly, even a bit gently, Eliot Spitzer’s successor as the attorney general of New York, Andrew M. Cuomo, is shaking up the financial industry. Read more..

By VIKAS BAJAJ - The New York Times

When a Done Deal Unravels

Hexion agreed to buy Huntsman Chemical for $10.6 billion, or $28 a share. But Hexion called it off, and the lawsuits started flying. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 26.82 26.83 26.15 26.26 91.3M
Microsoft MSFT 27.68 27.91 27.46 27.63 73.5M
JPMorgan Chase JPM 36.45 36.89 34.20 35.05 69.3M
Pfizer PFE 17.26 17.48 17.12 17.28 66M
Intel INTC 21.60 21.84 21.22 21.49 60.1M
Cisco Systems CSCO 23.68 23.87 23.37 23.61 50.4M
Wells Fargo & Co. WFC 24.24 24.59 23.62 24.03 49.6M
AT&T Inc. T 33.50 33.51 32.76 32.76 44.1M
Visa V 78.80 82.87 78.55 82.60 44M
Oracle Corp. ORCL 21.39 21.71 20.97 21.29 40.3M
Comcast CMCSA 18.57 18.84 18.48 18.63 39.8M
Apple AAPL 166.44 170.57 164.15 170.09 37.2M
Merck MRK 36.31 37.88 36.25 36.98 36.3M
Wal-Mart Stores WMT 56.64 57.35 55.85 56.30 28.7M
ExxonMobil XOM 86.84 87.54 86.14 86.55 28.3M
Amgen AMGN 46.31 47.17 46.13 46.37 25.5M
Bristol-Myers Squibb BMY 20.06 20.60 20.00 20.30 24.8M
Home Depot HD 24.66 24.70 23.91 24.02 22.3M
Procter & Gamble PG 62.19 62.62 60.49 60.49 21.8M
ConocoPhillips COP 92.81 93.67 91.54 91.64 21.1M
Walt Disney & Co. DIS 31.53 31.92 31.43 31.57 20.8M
UnitedHealth Group UNH 26.30 26.70 25.99 26.01 20.1M
Verizon Communications VZ 34.34 34.71 33.84 34.28 19.2M
Johnson & Johnson JNJ 64.20 64.71 63.40 63.57 19.1M
Coca-Cola KO 53.17 53.24 51.83 51.84 17.8M
Chevron CVX 97.33 99.32 97.33 97.80 17.1M
Abbott Laboratories ABT 52.69 53.35 52.56 53.00 15.9M
Altria MO 20.97 20.98 20.25 20.35 15.3M
HP Inc. HPQ 44.60 44.83 44.03 44.58 14.5M
McDonald's MCD 56.63 57.19 55.17 56.50 14.3M
United Technologies UTX 62.73 62.75 61.05 61.15 13.5M
Amazon AMZN 75.44 76.07 72.62 74.66 11.8M
International Business Machines IBM 121.02 122.05 118.26 120.05 11.7M
Alphabet GOOGL 527.41 530.00 515.09 528.07 10.9M
Boeing BA 67.74 67.93 66.38 66.92 10.4M
Pepsico PEP 64.96 65.37 63.83 63.93 9.89M
Schlumberger SLB 105.33 107.33 104.83 105.90 8.63M
Gilead Sciences GILD 53.20 53.53 52.82 52.86 8.05M
3M MMM 70.48 70.48 68.89 69.51 7.48M
Union Pacific UNP 72.92 74.21 72.28 73.83 6.45M
Berkshire Hathaway BRK.B 4020.00 4080.00 4001.00 4016.50 24K
Exchange Rates of June 27, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 106.130 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.011 CAD 1 CAD = 0.990 USD
US Dollar Swiss Franc 1 USD = 1.018 CHF 1 CHF = 0.982 USD
US Dollar Chinese Yuan 1 USD = 6.862 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 167.610 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.792 GBP 1 GBP = 1.263 EUR
Euro Australian Dollar 1 EUR = 1.643 AUD 1 AUD = 0.609 EUR
Euro Canadian Dollar 1 EUR = 1.596 CAD 1 CAD = 0.627 EUR
Euro Swiss Franc 1 EUR = 1.608 CHF 1 CHF = 0.622 EUR
Japanese Yen Pound Sterling 1 JPY = 0.472 GBP 1 GBP = 2.119 JPY
Japanese Yen Australian Dollar 1 JPY = 0.980 AUD 1 AUD = 1.021 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.952 CAD 1 CAD = 1.051 JPY
Japanese Yen Swiss Franc 1 JPY = 0.959 CHF 1 CHF = 1.043 JPY
Pound Sterling Australian Dollar 1 GBP = 2.076 AUD 1 AUD = 0.482 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.016 CAD 1 CAD = 0.496 GBP
Pound Sterling Swiss Franc 1 GBP = 2.031 CHF 1 CHF = 0.492 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.971 CAD 1 CAD = 1.030 AUD
Australian Dollar Swiss Franc 1 AUD = 0.978 CHF 1 CHF = 1.022 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.007 CHF 1 CHF = 0.993 CAD

See what else happened on June 27, 2008