Financial news on August 2nd, 2007

Business and Financial news
Alan M. Pottasch, 79, Dies; Creator of ‘Pepsi Generation’

Mr. Pottasch led the team at BBDO that created iconic Pepsi commercials in the 1960s and ’70s and became known as the “father of the Pepsi Generation.” Read more..

By DENNIS HEVESI - The New York Times

An Easy-to-Use HD Digital Recorder (and at a Lower Price)

The new TiVo HD recorder offers 20 hours of HD storage (or 180 hours of standard TV), an easy-to-use interface and the ability to record two channels at once. Read more..

By MATTHEW HAUGHEY - The New York Times

As Ex-Leader Awaits Sentencing, Hollinger Files for Bankruptcy

Bankruptcy papers were filed in U.S. and Canadian courts while a judge blocked Conrad Black’s request to travel to Canada while he awaiting sentencing on his fraud conviction. Read more..

By BLOOMBERG NEWS - The New York Times

Back Up iTunes Your Way

The iTunes program has an option to back up the library to CD or DVD. How can I back it up to a U.S.B. flash drive? Read more..

By J. D. BIERSDORFER - The New York Times

Baseball Gets Into Resale of Tickets

Major League Baseball has struck a revenue-sharing deal with StubHub to allow fans to resell or buy tickets online. Read more..

By BRAD STONE and MATT RICHTEL - The New York Times

Judge Allows Class-Action Bias Suit Against Novartis

Female drug sales workers claim the company discriminated against them in pay, promotions and personnel evaluations. Read more..

By STEPHANIE SAUL - The New York Times

MasterCard Meets Most Estimates

MasterCard saw its second-quarter profit nearly double, but shares slid after the company fell short of the most optimistic analyst estimates. Read more..

By BLOOMBERG NEWS - The New York Times

Murdoch and Dow Jones Pick 5 to Safeguard Wall St. Journal

Five people were named to a committee intended to protect the editorial independence of the Wall Street Journal when it becomes part of News Corporation. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Panel Approves China Bill

The Senate Banking Committee approved legislation that seeks to force China to raise the value of its currency against the dollar. Read more..

By BLOOMBERG NEWS - The New York Times

Should Yahoo Try Again for Facebook?

An at Bear Stearns suggests that Yahoo is also being left behind by sites such as MySpace, Facebook and LinkedIn, and said that an acquisition could be a good way to catch up. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29.7230.2129.6730.1357.7M
General ElectricGE39.0039.1838.6439.0337M
Oracle Corp.ORCL19.7620.2119.6720.0931.4M
JPMorgan ChaseJPM44.4144.7644.0044.5928.3M
Home DepotHD37.7538.1537.6137.8226.5M
AT&T Inc.T40.0740.8839.9040.6020.7M
Wells Fargo & Co.WFC33.6934.8233.6934.4219.7M
HP Inc.HPQ47.0548.4247.0548.2318.5M
Johnson & JohnsonJNJ60.8061.4860.7561.0317.1M
Wal-Mart StoresWMT46.2047.1146.0846.7316.7M
Abbott LaboratoriesABT51.1851.5550.8351.2113.7M
Bristol-Myers SquibbBMY28.7028.8528.2228.6212.3M
Procter & GamblePG63.0563.5962.6463.3011.9M
Verizon CommunicationsVZ43.0743.4842.7743.1311.6M
Walt Disney & Co.DIS33.9834.5333.6934.3611.5M
International Business MachinesIBM112.10114.05111.50113.2311.3M
UnitedHealth GroupUNH47.5048.8047.5048.3610.4M
Gilead SciencesGILD37.1237.8636.5537.717.99M
United TechnologiesUTX74.3774.9773.8374.764.87M
Union PacificUNP119.50120.70118.38119.992.89M
Berkshire HathawayBRK.B3599.003605.003587.003588.007.7K
Exchange Rates of August 2nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.200 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.052 CAD1 CAD = 0.950 USD
US DollarSwiss Franc1 USD = 1.205 CHF1 CHF = 0.830 USD
US DollarChinese Yuan1 USD = 7.572 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 163.350 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.487 EUR
EuroAustralian Dollar1 EUR = 1.595 AUD1 AUD = 0.627 EUR
EuroCanadian Dollar1 EUR = 1.441 CAD1 CAD = 0.694 EUR
EuroSwiss Franc1 EUR = 1.650 CHF1 CHF = 0.606 EUR
Japanese YenPound Sterling1 JPY = 0.411 GBP1 GBP = 2.431 JPY
Japanese YenAustralian Dollar1 JPY = 0.976 AUD1 AUD = 1.024 JPY
Japanese YenCanadian Dollar1 JPY = 0.882 CAD1 CAD = 1.134 JPY
Japanese YenSwiss Franc1 JPY = 1.010 CHF1 CHF = 0.990 JPY
Pound SterlingAustralian Dollar1 GBP = 2.373 AUD1 AUD = 0.421 GBP
Pound SterlingCanadian Dollar1 GBP = 2.144 CAD1 CAD = 0.467 GBP
Pound SterlingSwiss Franc1 GBP = 2.454 CHF1 CHF = 0.408 GBP
Australian DollarCanadian Dollar1 AUD = 0.903 CAD1 CAD = 1.108 AUD
Australian DollarSwiss Franc1 AUD = 1.034 CHF1 CHF = 0.967 AUD
Canadian DollarSwiss Franc1 CAD = 1.145 CHF1 CHF = 0.874 CAD

See what else happened on August 2nd, 2007