Financial news on May 01, 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 01, 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 01, 2007