Financial news on February 2nd, 2007

Business and Financial news
Clorox Reports 16% Higher Profit

Second-quarter profit rose 16 percent as higher prices overshadowed an increase in advertising costs. Read more..

By BLOOMBERG NEWS - The New York Times

Coca-Cola to Buy Fuze Beverage

Coca-Cola said it agreed to buy Fuze Beverage to add more juice, tea and energy drinks in an effort to catch up with PepsiCo. Read more..

By BLOOMBERG NEWS - The New York Times

Consumer Spending Up the Most in 5 Months

Consumer spending rose in December by the most in five months, helping the economy weather a slump in manufacturing that extended into 2007. Read more..

By BLOOMBERG NEWS - The New York Times

Democracy Rules, and Pop Culture Depends on It

Inspired by “American Idol,” voter-based competitions are proliferating in every corner of the entertainment world. Read more..

By JEFF LEEDS - The New York Times

Exxon and Shell Report Record Profits for 2006

Exxon’s profit of $39.5 billion broke the record it set last year for the largest profit ever by an American company. Read more..

By CLIFFORD KRAUSS - The New York Times

In a Well-Worked Pattern, Amazon’s Revenue Rises and Its Profit Drops’s profits are paying the price for higher taxes and heavy spending during the holiday months. Read more..

By LAURIE J. FLYNN - The New York Times


People. Read more..

By THE NEW YORK TIMES - The New York Times

Raytheon Surpasses Sales and Profit Forecasts

Raytheon said fourth-quarter profit rose 26 percent on higher foreign sales and electronics work for a new Navy ship. Read more..

By BLOOMBERG NEWS - The New York Times

Retailer’s Shake-Up Continues as Executive in Charge of Gap Resigns

A week after ousting its chief executive, Gap removed his top deputy and former Disney colleague, Cynthia Harriss, as president of the Gap brand. Read more..

By MICHAEL BARBARO - The New York Times

Viacom Asks YouTube to Remove Clips

The parent company of MTV and Comedy Central demanded that YouTube remove more than 100,000 clips of its programming. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.9127.1826.6027.1459.4M
Oracle Corp.ORCL17.1417.4417.1117.4241.2M
General ElectricGE36.2636.4036.1236.2725.1M
AT&T Inc.T37.7538.1837.6138.1220.8M
JPMorgan ChaseJPM51.2151.3350.7350.9315.4M
Wal-Mart StoresWMT47.7548.4247.6448.0812.6M
HP Inc.HPQ42.4642.6941.9442.0711.5M
Johnson & JohnsonJNJ66.5867.1566.4966.5811.3M
Verizon CommunicationsVZ38.2038.3838.0138.1710.8M
Bristol-Myers SquibbBMY28.8029.0028.3528.6410M
Home DepotHD40.9041.1440.6140.839.93M
Abbott LaboratoriesABT52.5553.0052.4452.679.66M
Walt Disney & Co.DIS35.0235.3835.0035.187.78M
Gilead SciencesGILD71.0071.9070.2470.677.15M
International Business MachinesIBM99.1099.7398.8899.176.66M
Procter & GamblePG65.4065.6465.0965.346.38M
Wells Fargo & Co.WFC35.8736.0535.7735.866.22M
UnitedHealth GroupUNH52.8553.4552.7552.914.96M
United TechnologiesUTX68.7568.7567.8368.004.54M
Union PacificUNP102.85103.10102.00102.402.09M
Berkshire HathawayBRK.B3684.003686.003620.003632.0017.8K
Exchange Rates of February 2nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.100 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.184 CAD1 CAD = 0.844 USD
US DollarSwiss Franc1 USD = 1.248 CHF1 CHF = 0.801 USD
US DollarChinese Yuan1 USD = 7.756 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 156.980 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.659 GBP1 GBP = 1.517 EUR
EuroAustralian Dollar1 EUR = 1.672 AUD1 AUD = 0.598 EUR
EuroCanadian Dollar1 EUR = 1.535 CAD1 CAD = 0.652 EUR
EuroSwiss Franc1 EUR = 1.618 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.420 GBP1 GBP = 2.383 JPY
Japanese YenAustralian Dollar1 JPY = 1.065 AUD1 AUD = 0.939 JPY
Japanese YenCanadian Dollar1 JPY = 0.977 CAD1 CAD = 1.023 JPY
Japanese YenSwiss Franc1 JPY = 1.030 CHF1 CHF = 0.971 JPY
Pound SterlingAustralian Dollar1 GBP = 2.537 AUD1 AUD = 0.394 GBP
Pound SterlingCanadian Dollar1 GBP = 2.329 CAD1 CAD = 0.429 GBP
Pound SterlingSwiss Franc1 GBP = 2.453 CHF1 CHF = 0.408 GBP
Australian DollarCanadian Dollar1 AUD = 0.917 CAD1 CAD = 1.090 AUD
Australian DollarSwiss Franc1 AUD = 0.967 CHF1 CHF = 1.034 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.949 CAD

See what else happened on February 2nd, 2007