Financial news on August 1st, 2007

Business and Financial news
In Murdoch’s Past, Clues to The Journal’s Future

Rupert Murdoch is likely to accept losses on The Wall Street Journal at first in order to win the long-term war. Read more..

By RICHARD SIKLOS - The New York Times

Manhattan Media Buys a Weekly

The New York Press, the city’s second-largest free weekly newspaper, is expected to be sold to Manhattan Media, a publisher of weekly newspapers. Read more..

By ANGEL JENNINGS - The New York Times

Quick Bits: AOL Shrinks, Dell Gains Support

What’s hot today, with reports on Apple’s latest products and iPhone software updates, hacking RFID passports, and updates on the fate of the online Wall Street Journal, and the F.C.C.’s wireless spectrum auction. Read more..

By SAUL HANSELL - The New York Times

Subscriber Gain Helps Sirius Narrow Loss

Sirius, which broadcasts the talk-show host Howard Stern, added 561,500 net subscribers during the period, about 80,000 more than analysts estimated. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28,7729,8228,7529,7760.4M
Oracle Corp.ORCL18,9419,8218,8319,7954.8M
General ElectricGE38,6039,2938,4538,9553.6M
JPMorgan ChaseJPM43,7044,4443,2044,3844.5M
AT&T Inc.T39,1440,3238,9040,2335.6M
Home DepotHD36,9437,8936,5537,7730.8M
Wells Fargo & Co.WFC33,7634,5633,5334,4829.2M
Wal-Mart StoresWMT46,0546,2545,4846,2222M
Verizon CommunicationsVZ42,5043,4342,1443,2418.9M
Johnson & JohnsonJNJ60,5161,4060,4560,9617.6M
Abbott LaboratoriesABT50,4751,3750,0850,9516.8M
HP Inc.HPQ46,0446,9245,6046,7315.3M
Walt Disney & Co.DIS32,8833,9432,7533,8315M
Procter & GamblePG61,5263,4961,5063,1614.8M
International Business MachinesIBM110,39112,73110,06112,0412.4M
Bristol-Myers SquibbBMY28,0128,7828,0128,6712.2M
UnitedHealth GroupUNH48,2448,8747,3647,9911.6M
Gilead SciencesGILD37,0137,9036,4637,108.14M
United TechnologiesUTX73,0574,7472,4574,657.02M
Union PacificUNP118,00120,00117,49119,342.97M
Berkshire HathawayBRK.B3598,003614,003590,003599,507.1K
Exchange Rates of August 1st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118,930 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,056 CAD1 CAD = 0,947 USD
US DollarSwiss Franc1 USD = 1,204 CHF1 CHF = 0,830 USD
US DollarChinese Yuan1 USD = 7,570 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 162,560 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,672 GBP1 GBP = 1,487 EUR
EuroAustralian Dollar1 EUR = 1,597 AUD1 AUD = 0,626 EUR
EuroCanadian Dollar1 EUR = 1,443 CAD1 CAD = 0,693 EUR
EuroSwiss Franc1 EUR = 1,646 CHF1 CHF = 0,608 EUR
Japanese YenPound Sterling1 JPY = 0,413 GBP1 GBP = 2,420 JPY
Japanese YenAustralian Dollar1 JPY = 0,982 AUD1 AUD = 1,019 JPY
Japanese YenCanadian Dollar1 JPY = 0,887 CAD1 CAD = 1,127 JPY
Japanese YenSwiss Franc1 JPY = 1,012 CHF1 CHF = 0,988 JPY
Pound SterlingAustralian Dollar1 GBP = 2,375 AUD1 AUD = 0,421 GBP
Pound SterlingCanadian Dollar1 GBP = 2,146 CAD1 CAD = 0,466 GBP
Pound SterlingSwiss Franc1 GBP = 2,447 CHF1 CHF = 0,409 GBP
Australian DollarCanadian Dollar1 AUD = 0,903 CAD1 CAD = 1,107 AUD
Australian DollarSwiss Franc1 AUD = 1,030 CHF1 CHF = 0,971 AUD
Canadian DollarSwiss Franc1 CAD = 1,140 CHF1 CHF = 0,877 CAD

See what else happened on August 1st, 2007