Dollar Drops, Exchange rates, Forex and US Currency Converter

The shekel continued to swell on Friday. The U.S. dollar weakened by 0.88% against the Israeli currency to an official exchange rate of NIS 3.233, and the euro shrank by a steep 1.4% to NIS 5.0048, a five-year low.
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WASHINGTON (MarketWatch) — The Democratic Party’s rules commmitte voted Saturday to seat the Michigan delegation to the Denver convention at half strength, and give Sen. Hillary Clinton 34.5 votes and Barack Obama 29.5 votes. The committee had voted earlier Saturday to seat Florida’s delegation at half strength as well. The two states had been stripped […]

WASHINGTON (MarketWatch) — The Democratic Party’s rules commmitte voted Saturday to seat the Florida delegation to the Denver convention at half strength. The decision represented a compromise between the factions of Sens. Hillary Clinton and Barack Obama. The committee had voted earlier to strip all votes from Florida as punishment for holding its primary early. […]

WASHINGTON (MarketWatch) — Sen. Barack Obama has left his church, the Chicago Sun-Times is reporting. Obama’s reported resignation from Trinity Baptist Church in Chicago comes amid fallout over Obama’s association with his controversial former pastor, Rev. Jeremiah Wright, who previously preached at the church. Obama had earlier distanced himself from Wright. News of the resignation […]

KUALA LUMPUR, May 31 (Bernama) — The ringgit is expected to weaken against the U.S. dollar next week on renewed sentiments towards the greenback following encouraging news of recovery in the U.S economy, said dealers.
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SAN FRANCISCO (MarketWatch) — First Integrity Bank NA of Staples, MN., was closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. The closure marks the fourth U.S. bank failure of 2008. All deposit accounts have been transferred to First International […]

SAN FRANCISCO (MarketWatch) — Lionsgate Entertainment Corp. late Friday reported it swung to a net loss of $74 million, or 62 cents a share, in fiscal 2008 from a net income of $27.5 million, or 25 cents a share, in 2007. Revenue increased to $1.36 billion from $976.7 million a year ago. Analysts surveyed […]

SAN FRANCISCO (MarketWatch) — Chrysler Chairman and Chief Executive Bob
Nardelli injured his back last weekend and will be working from home next week, the auto maker said late Friday. Nardelli is expected to be back in the office on June 9. The company did not elaborate further on the extent of the injury.
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NEW YORK (MarketWatch) — U.S. stocks on Friday ended the session and month mostly ahead, as personal computer giant Dell Inc. reported profits that exceeded forecasts and the government said a key gauge of inflation was temperate in April. The Dow Jones Industrial Average fell 7.9 points to end at 12,638.32, giving it a […]

NEW YORK (MarketWatch) — Exxon Mobil spokesman Gantt Walton said in an e-mail to MarketWatch that the company was among many firms contacted as part of a wide-ranging probe of oil trading. “We, like many companies, have been contacted by the Commodity Futures Trading Commission for information but it is our understanding that we […]