Financial news on June 28th, 2007

Business and Financial news
2 Lawsuits Against Maker of Toy Trains

Two complaints demanded the RC2 Corporation provide medical monitoring to children who may have ingested lead paint from its products. Read more..

By BLOOMBERG NEWS - The New York Times

A New Genre on Wall St.: Bailout Blog

The blog of a Bear Stearns executive offers insights into the investment bank’s response to the near collapse of two hedge funds. Read more..

By JULIE CRESWELL - The New York Times

Earnings Up 4.2% at Bed Bath & Beyond

The home-furnishings retailer said first-quarter profit rose after customers bought less bedding and curtains as home sales slowed. Read more..

By BLOOMBERG NEWS - The New York Times

Food-Safety Crackdown in China

Chinese regulators closed 180 food plants after a nationwide inspection found thousands of violations of food safety rules. Read more..

By DAVID BARBOZA - The New York Times

Google v. Microsoft: What’s the Better Workplace?

Circulating online, the thoughts of an employee who’s worked at both places, comparing the offices, pay and perks. Read more..

By MIGUEL HELFT - The New York Times

Often-Asked iPhone Questions

David Pogue answers reader questions on the Apple iPhone. Read more..

By DAVID POGUE - The New York Times

Poland: Central Bank Raises Benchmark Interest Rate

Poland’s central bank unexpectedly raised its benchmark interest rate, for a second time this year, on concern that wage growth will force companies to increase prices. The Monetary Policy Council, which is led by the central bank, lifted the seve... Read more..

By BLOOMBERG NEWS - The New York Times

Second Company Bids for Canadian Newspapers

A chain of small newspapers that was once among Conrad M. Black’s Canadian holdings became the object of a bidding war. Read more..

By IAN AUSTEN - The New York Times

The Micro-Mini Startup

The rise of widgets is letting people build applications and companies with very little investment. Read more..

By SAUL HANSELL - The New York Times

Tina Brozman, 54, Former Judge and Bankruptcy Law Innovator, Dies

The former chief judge of the U.S. Bankruptcy Court for the Southern District of New York helped change international bankruptcy law. Read more..

By ANGEL JENNINGS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.7128.4027.5727.8578M
Oracle Corp.ORCL19.6220.0619.6119.8546.5M
General ElectricGE38.1538.3837.7838.1234.1M
AT&T Inc.T40.1841.5040.0740.7427M
Home DepotHD39.6740.1439.5039.5219.6M
JPMorgan ChaseJPM49.2549.4848.5648.9614.4M
Wal-Mart StoresWMT48.3348.5048.1748.2113.6M
Walt Disney & Co.DIS34.2534.2533.7233.8512M
Verizon CommunicationsVZ40.9241.3440.8541.0711.5M
HP Inc.HPQ44.9545.3444.4544.6111.4M
Abbott LaboratoriesABT53.9754.0053.5353.729.64M
Johnson & JohnsonJNJ61.5061.8461.2061.509.52M
Wells Fargo & Co.WFC35.3335.6435.0435.289.3M
Procter & GamblePG61.6061.8061.0561.369.24M
Bristol-Myers SquibbBMY32.1532.2531.6131.639.14M
UnitedHealth GroupUNH51.5352.3551.4552.106.56M
Gilead SciencesGILD39.8539.9939.4839.596.01M
International Business MachinesIBM105.52106.92105.22105.955.43M
United TechnologiesUTX71.2871.5170.9371.093.38M
Union PacificUNP114.50115.99114.40115.101.53M
Berkshire HathawayBRK.B3580.003607.003556.003592.008.1K
Exchange Rates of June 28th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 123.160 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.059 CAD1 CAD = 0.944 USD
US DollarSwiss Franc1 USD = 1.231 CHF1 CHF = 0.812 USD
US DollarChinese Yuan1 USD = 7.615 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 165.660 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.671 GBP1 GBP = 1.489 EUR
EuroAustralian Dollar1 EUR = 1.589 AUD1 AUD = 0.629 EUR
EuroCanadian Dollar1 EUR = 1.424 CAD1 CAD = 0.702 EUR
EuroSwiss Franc1 EUR = 1.656 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.405 GBP1 GBP = 2.469 JPY
Japanese YenAustralian Dollar1 JPY = 0.959 AUD1 AUD = 1.043 JPY
Japanese YenCanadian Dollar1 JPY = 0.859 CAD1 CAD = 1.164 JPY
Japanese YenSwiss Franc1 JPY = 0.999 CHF1 CHF = 1.001 JPY
Pound SterlingAustralian Dollar1 GBP = 2.367 AUD1 AUD = 0.423 GBP
Pound SterlingCanadian Dollar1 GBP = 2.121 CAD1 CAD = 0.471 GBP
Pound SterlingSwiss Franc1 GBP = 2.465 CHF1 CHF = 0.406 GBP
Australian DollarCanadian Dollar1 AUD = 0.896 CAD1 CAD = 1.117 AUD
Australian DollarSwiss Franc1 AUD = 1.041 CHF1 CHF = 0.960 AUD
Canadian DollarSwiss Franc1 CAD = 1.162 CHF1 CHF = 0.860 CAD

See what else happened on June 28th, 2007