Financial news on May 1st, 2007

Business and Financial news
Business Class to London: Cheaper Than You Might Think

Major airlines are improving their international routes and reducing capacity on domestic routes as lower-fare competition becomes more aggressive. Read more..

By JOE SHARKEY - The New York Times

Chinese E-Commerce Company Said to Plan Public Offering could raise $1 billion in what would be the biggest initial public offering ever for a Chinese Internet company. Read more..

By DAVID BARBOZA - The New York Times

Court Strikes Law Barring Sale of Drug Data

A federal judge ruled that the pharmaceutical industry could continue to use computerized data showing which doctors are prescribing what drugs. Read more..

By STEPHANIE SAUL - The New York Times

Heated Cross-Examination at the Conrad Black Trial

The cross-examination of a crucial witness grew heated when a defense lawyer portrayed the witness as forgetful or inept. Read more..

By RICHARD SIKLOS - The New York Times

High Court Puts Limits on Patents

The Supreme Court made it more difficult to get a patent on new products that combine elements of existing inventions. Read more..

By LINDA GREENHOUSE - The New York Times

Japan Wages Fell in March

Wages in Japan fell for a fourth month in March, signaling that growth in consumer spending will be limited. Monthly wages, including overtime and bonuses, fell 0.4 percent after dropping 1 percent in February, the labor ministry said. In China, m... Read more..

By BLOOMBERG NEWS - The New York Times

Profit Surges at Loews

First-quarter profit climbed 42 percent on gains in its insurance, cigarette and oil-drilling units. Read more..

By BLOOMBERG NEWS - The New York Times

Recruiting Plankton to Fight Global Warming

Several groups are working on massive fields of plankton intended to absorb carbon dioxide. Read more..

By MATT RICHTEL - The New York Times

The Names Are Vintage, the Touches Modern

The lonely Maytag repairman is getting a personality makeover in a change meant to appeal to a new generation of shoppers. Read more..

By STUART ELLIOTT - The New York Times

This One Will Floor You

By STUART ELLIOTT. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,8727,0326,5626,8646.2M
General ElectricGE36,7237,1836,7237,1044M
Oracle Corp.ORCL18,7518,8218,5518,5933.3M
AT&T Inc.T38,9339,1738,7038,8425.9M
Procter & GamblePG63,0763,2562,6362,9618.8M
HP Inc.HPQ42,3143,0042,1442,9217.1M
Wal-Mart StoresWMT47,9248,5647,5148,3314.8M
JPMorgan ChaseJPM52,4052,5051,6052,2613.9M
Verizon CommunicationsVZ38,3738,6938,2538,5113.3M
Home DepotHD38,1438,4837,9038,4313.1M
Bristol-Myers SquibbBMY29,1729,4928,6528,6812.1M
Walt Disney & Co.DIS35,1035,5035,0935,4711.1M
Wells Fargo & Co.WFC36,0336,1535,7235,7610.3M
Johnson & JohnsonJNJ64,5364,9464,2664,5610M
Abbott LaboratoriesABT56,5657,1956,4357,019.61M
UnitedHealth GroupUNH52,9253,0052,4452,759.13M
International Business MachinesIBM102,06103,17102,05103,178.67M
Gilead SciencesGILD81,9982,6581,5882,584.56M
Union PacificUNP114,99115,73112,03112,224.04M
United TechnologiesUTX67,3867,8966,9867,733.26M
Berkshire HathawayBRK.B3634,003634,003594,003606,0017.4K
Exchange Rates of May 1st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119,830 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,111 CAD1 CAD = 0,900 USD
US DollarSwiss Franc1 USD = 1,215 CHF1 CHF = 0,823 USD
US DollarChinese Yuan1 USD = 7,706 CNY1 CNY = 0,130 USD
EuroJapanese Yen1 EUR = 163,040 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,681 GBP1 GBP = 1,470 EUR
EuroAustralian Dollar1 EUR = 1,644 AUD1 AUD = 0,608 EUR
EuroCanadian Dollar1 EUR = 1,511 CAD1 CAD = 0,662 EUR
EuroSwiss Franc1 EUR = 1,652 CHF1 CHF = 0,605 EUR
Japanese YenPound Sterling1 JPY = 0,417 GBP1 GBP = 2,397 JPY
Japanese YenAustralian Dollar1 JPY = 1,008 AUD1 AUD = 0,992 JPY
Japanese YenCanadian Dollar1 JPY = 0,926 CAD1 CAD = 1,079 JPY
Japanese YenSwiss Franc1 JPY = 1,013 CHF1 CHF = 0,987 JPY
Pound SterlingAustralian Dollar1 GBP = 2,415 AUD1 AUD = 0,414 GBP
Pound SterlingCanadian Dollar1 GBP = 2,220 CAD1 CAD = 0,450 GBP
Pound SterlingSwiss Franc1 GBP = 2,427 CHF1 CHF = 0,412 GBP
Australian DollarCanadian Dollar1 AUD = 0,919 CAD1 CAD = 1,088 AUD
Australian DollarSwiss Franc1 AUD = 1,005 CHF1 CHF = 0,996 AUD
Canadian DollarSwiss Franc1 CAD = 1,093 CHF1 CHF = 0,915 CAD

See what else happened on May 1st, 2007