Business
Bulletins
01:00 AM EDT on Tuesday, May 13, 2008
•Companies
Walgreen names CFO: Walgreen Co., the second-largest U.S. drugstore chain, yesterday named a Tyson Foods Inc. executive as its chief financial officer effective June 16. Wade Miquelon, 43, Tyson’s finance chief, will replace William Rudolphsen, 53. (Bloomberg News)
•Markets
Dollar uneven: The dollar closed mixed against major currencies yesterday in New York, ending at 104.17 Japanese yen, up from Friday’s close of 103.09 yen. The euro closed at 3:30 p.m. at $1.5540, up from $1.5480.
Metals mixed: Gold for current delivery closed at $883.70 a troy ounce on the New York Mercantile Exchange, down from Friday’s close of $884.50. Silver closed at $17.158 an ounce, up from $16.843.
Fuels drop: June light, sweet crude oil fell $1.73 cents to $124.23 a barrel on the New York Mercantile Exchange. June heating oil fell 7.62 cents to $3.5598 a gallon. June gasoline fell 3.7 cents to $3.1642 a gallon. June natural gas fell 2.36 cents to $11.301 per 1,000 cubic feet.
Treasury securities: The Treasury Department yesterday auctioned $24 billion in three-month bills at a discount rate of 1.800 percent, up from 1.610 percent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 1.850 percent, up from 1.740 percent last week. The three-month rate was the highest since three-month bills averaged 2.160 percent on Feb. 25. The six-month rate was the highest since 2.070 percent, also on Feb. 25. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,954.50 while a six-month bill sold for $9,906.47. Separately, the Federal Reserve said yesterday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, rose slightly to 1.94 percent last week from 1.93 percent the previous week.
Associated Press
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