Financial news on June 27th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE26.8226.8326.1526.2691.3M
JPMorgan ChaseJPM36.4536.8934.2035.0569.3M
Cisco SystemsCSCO23.6823.8723.3723.6150.4M
Wells Fargo & Co.WFC24.2424.5923.6224.0349.6M
AT&T Inc.T33.5033.5132.7632.7644.1M
Oracle Corp.ORCL21.3921.7120.9721.2940.3M
Wal-Mart StoresWMT56.6457.3555.8556.3028.7M
Bristol-Myers SquibbBMY20.0620.6020.0020.3024.8M
Home DepotHD24.6624.7023.9124.0222.3M
Procter & GamblePG62.1962.6260.4960.4921.8M
Walt Disney & Co.DIS31.5331.9231.4331.5720.8M
UnitedHealth GroupUNH26.3026.7025.9926.0120.1M
Verizon CommunicationsVZ34.3434.7133.8434.2819.2M
Johnson & JohnsonJNJ64.2064.7163.4063.5719.1M
Abbott LaboratoriesABT52.6953.3552.5653.0015.9M
HP Inc.HPQ44.6044.8344.0344.5814.5M
United TechnologiesUTX62.7362.7561.0561.1513.5M
International Business MachinesIBM121.02122.05118.26120.0511.7M
Gilead SciencesGILD53.2053.5352.8252.868.05M
Union PacificUNP72.9274.2172.2873.836.45M
Berkshire HathawayBRK.B4020.004080.004001.004016.5024K
Exchange Rates of June 27th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.130 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.011 CAD1 CAD = 0.990 USD
US DollarSwiss Franc1 USD = 1.018 CHF1 CHF = 0.982 USD
US DollarChinese Yuan1 USD = 6.862 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 167.610 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.792 GBP1 GBP = 1.263 EUR
EuroAustralian Dollar1 EUR = 1.643 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.596 CAD1 CAD = 0.627 EUR
EuroSwiss Franc1 EUR = 1.608 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.472 GBP1 GBP = 2.119 JPY
Japanese YenAustralian Dollar1 JPY = 0.980 AUD1 AUD = 1.021 JPY
Japanese YenCanadian Dollar1 JPY = 0.952 CAD1 CAD = 1.051 JPY
Japanese YenSwiss Franc1 JPY = 0.959 CHF1 CHF = 1.043 JPY
Pound SterlingAustralian Dollar1 GBP = 2.076 AUD1 AUD = 0.482 GBP
Pound SterlingCanadian Dollar1 GBP = 2.016 CAD1 CAD = 0.496 GBP
Pound SterlingSwiss Franc1 GBP = 2.031 CHF1 CHF = 0.492 GBP
Australian DollarCanadian Dollar1 AUD = 0.971 CAD1 CAD = 1.030 AUD
Australian DollarSwiss Franc1 AUD = 0.978 CHF1 CHF = 1.022 AUD
Canadian DollarSwiss Franc1 CAD = 1.007 CHF1 CHF = 0.993 CAD

See what else happened on June 27th, 2008