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

Alibaba.com 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
MicrosoftMSFT29.9430.4229.9030.1973.5M
IntelINTC21.5621.8321.4521.6460.7M
Cisco SystemsCSCO26.8727.0326.5626.8646.2M
General ElectricGE36.7237.1836.7237.1044M
PfizerPFE26.3826.7026.2826.5936.6M
Oracle Corp.ORCL18.7518.8218.5518.5933.3M
AT&T Inc.T38.9339.1738.7038.8425.9M
ExxonMobilXOM79.6079.9979.0579.6624.3M
ComcastCMCSA26.9427.2026.2526.7022M
AppleAAPL99.59100.3598.5599.4719M
Procter & GamblePG63.0763.2562.6362.9618.8M
AmazonAMZN61.1262.0460.2861.1918.5M
AmgenAMGN64.4065.2164.1765.1017.3M
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
ConocoPhillipsCOP69.9069.9068.7369.1912.7M
Bristol-Myers SquibbBMY29.1729.4928.6528.6812.1M
Walt Disney & Co.DIS35.1035.5035.0935.4711.1M
MerckMRK51.6551.7350.5450.9810.7M
Wells Fargo & Co.WFC36.0336.1535.7235.7610.3M
Coca-ColaKO52.1952.6452.1352.6310.3M
Johnson & JohnsonJNJ64.5364.9464.2664.5610M
Abbott LaboratoriesABT56.5657.1956.4357.019.61M
SchlumbergerSLB73.9574.5572.3173.839.42M
ChevronCVX77.9978.6377.4278.359.24M
UnitedHealth GroupUNH52.9253.0052.4452.759.13M
International Business MachinesIBM102.06103.17102.05103.178.67M
AlphabetGOOGL472.19472.81464.17469.007.31M
AltriaMO69.2569.5068.2268.817.18M
McDonald'sMCD48.2649.2048.2149.146.51M
3MMMM82.7783.7382.1683.615.56M
Gilead SciencesGILD81.9982.6581.5882.584.56M
PepsicoPEP66.1166.5165.9766.404.11M
Union PacificUNP114.99115.73112.03112.224.04M
United TechnologiesUTX67.3867.8966.9867.733.26M
BoeingBA93.1593.6592.5093.233.24M
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