Financial news on June 29, 2007

Business and Financial news
Attracting Private Equity Becomes a National Sport in Europe

Private equity markets in Europe have faced the same issue of private equity taxation with fiery debate and quiet lobbying. Read more..

By CARTER DOUGHERTY and JULIA WERDIGIER - The New York Times

Chiefs Defend Slow Network for the iPhone

Apple and AT&T defended a decision not to use a faster but more limited network for the phone’s wireless Internet connection. Read more..

By JOHN MARKOFF - The New York Times

I.M.F.’s Chief Will Resign 2 Years Early

Rodrigo de Rato will quit his post in October, two years before his term ends, citing “personal reasons.” Read more..

By BLOOMBERG NEWS - The New York Times

Journal Reporters Protest Over Murdoch Bid

Reporters are protesting the expected sale of the newspaper’s parent, Dow Jones & Company, to Rupert Murdoch’s News Corporation, and the fact that they do not have a contract. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Long-Awaited iPhone Goes on Sale

Customers eager to buy the cellphone had waited in long lines in front of Apple stores in New York and other cities. Read more..

By JEREMY W. PETERS - The New York Times

Love the iPhone, buy Google?

Wowed by the iPhone? Then buy Google, not Apple, argues a Wall Street analyst. Read more..

By SAUL HANSELL - The New York Times

Lower Costs Help Rite Aid to Double Profit

The drugstore chain said that quarterly profit more than doubled, helped by lower costs for store closings and labor. Read more..

By BLOOMBERG NEWS - The New York Times

Salvaging a Prudent Name

James E. Cayne, Bear Stearns’ chief, has seen the firm’s carefully honed reputation suffer from the near collapse of two hedge funds. Read more..

By LANDON THOMAS Jr - The New York Times

So What’s a Little Line Rage Between iPhone Maniacs?

By noon today outside the Apple Store at a pleasant outdoor mall in Corte Madera, 20 minutes north of San Francisco, a touch of line rage had already set in. When five big young guys sauntered up to the line where 90 of us had already been standing — some since 6 a.m. yesterday morning […] Read more..

By KATIE HAFNER - The New York Times

The End of the Bargain Era?

Economists argue over the impact of minimum-price retail agreements. We want to know: will prices still be deep discounted? Read more..

By DAMON DARLIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.87 29.93 29.04 29.47 71.2M
Intel INTC 23.96 24.22 23.55 23.74 50.6M
Cisco Systems CSCO 27.98 28.06 27.65 27.85 45M
General Electric GE 38.23 38.70 38.00 38.28 44.7M
Pfizer PFE 25.77 25.78 25.36 25.57 44.3M
Apple AAPL 121.97 124.00 121.09 122.04 40.6M
AT&T Inc. T 40.95 41.54 40.84 41.50 37.6M
Oracle Corp. ORCL 19.95 20.02 19.54 19.71 31.5M
ExxonMobil XOM 84.15 84.99 83.06 83.88 24.7M
JPMorgan Chase JPM 49.23 49.30 48.10 48.45 21.8M
Comcast CMCSA 28.18 28.47 27.89 28.12 14.9M
Wells Fargo & Co. WFC 35.50 36.15 34.95 35.17 14.6M
ConocoPhillips COP 77.98 78.53 77.43 78.50 14.6M
Merck MRK 50.95 50.95 49.47 49.80 14.4M
Wal-Mart Stores WMT 48.50 48.65 47.87 48.11 14.1M
HP Inc. HPQ 44.80 45.42 44.26 44.62 13.9M
Home Depot HD 39.54 39.96 39.12 39.35 13.7M
Verizon Communications VZ 41.15 41.53 40.85 41.17 12.5M
Johnson & Johnson JNJ 61.58 61.94 61.21 61.62 12M
Bristol-Myers Squibb BMY 31.90 31.90 31.26 31.56 12M
Walt Disney & Co. DIS 33.89 34.46 33.71 34.14 12M
Procter & Gamble PG 61.45 61.70 60.76 61.19 12M
Schlumberger SLB 85.97 87.31 84.41 84.94 11.8M
Abbott Laboratories ABT 53.69 55.12 53.25 53.55 11.3M
Chevron CVX 84.79 85.19 83.52 84.24 10.7M
UnitedHealth Group UNH 52.50 53.00 50.70 51.14 10.1M
Amgen AMGN 55.71 55.79 54.82 55.29 9.6M
Altria MO 70.01 70.53 69.58 70.14 9.57M
Coca-Cola KO 52.84 52.95 51.95 52.31 9.51M
Alphabet GOOGL 526.02 527.40 519.46 522.70 7.75M
International Business Machines IBM 105.96 106.58 104.10 105.25 7.02M
Pepsico PEP 65.31 65.61 64.36 64.85 6.92M
McDonald's MCD 51.22 51.37 50.47 50.76 6.57M
Gilead Sciences GILD 39.60 39.74 38.38 38.80 6.54M
Boeing BA 95.36 96.34 95.25 96.16 5.79M
Amazon AMZN 69.03 69.19 68.15 68.41 5.32M
United Technologies UTX 71.58 71.71 70.50 70.93 4.03M
3M MMM 87.10 87.86 86.22 86.79 3.32M
Union Pacific UNP 115.72 116.79 114.38 115.15 1.51M
Berkshire Hathaway BRK.B 3582.00 3605.00 3582.00 3605.00 9.7K
Exchange Rates of June 29, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 123.160 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.065 CAD 1 CAD = 0.939 USD
US Dollar Swiss Franc 1 USD = 1.221 CHF 1 CHF = 0.819 USD
US Dollar Chinese Yuan 1 USD = 7.614 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 166.800 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.674 GBP 1 GBP = 1.484 EUR
Euro Australian Dollar 1 EUR = 1.594 AUD 1 AUD = 0.627 EUR
Euro Canadian Dollar 1 EUR = 1.442 CAD 1 CAD = 0.693 EUR
Euro Swiss Franc 1 EUR = 1.654 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.404 GBP 1 GBP = 2.476 JPY
Japanese Yen Australian Dollar 1 JPY = 0.955 AUD 1 AUD = 1.047 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.864 CAD 1 CAD = 1.157 JPY
Japanese Yen Swiss Franc 1 JPY = 0.991 CHF 1 CHF = 1.009 JPY
Pound Sterling Australian Dollar 1 GBP = 2.365 AUD 1 AUD = 0.423 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.140 CAD 1 CAD = 0.467 GBP
Pound Sterling Swiss Franc 1 GBP = 2.453 CHF 1 CHF = 0.408 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.904 CAD 1 CAD = 1.106 AUD
Australian Dollar Swiss Franc 1 AUD = 1.037 CHF 1 CHF = 0.964 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.146 CHF 1 CHF = 0.872 CAD

See what else happened on June 29, 2007