Financial news on August 3rd, 2007

Business and Financial news
Amazon to Rent Its Cash Register

Amazon will allow other companies to use its payment processing system Read more..

By BRAD STONE - The New York Times

Big Law Firm Embracing Bankruptcy Practice

In hiring an outside partner, Cravath, Swaine & Moore, the tradition-bound New York law firm, is both eschewing its customs and entering a once embarrassing field. Read more..

By KAREN DONOVAN - The New York Times

EUROPE | Italy: Insurer’s Income Tops Estimates

Assicurazioni Generali, Italy’s largest insurer, reported first-half profit that beat analysts’ estimates and agreed to sell its Nuova Tirrena unit for 1.25 billion euros ($1.71 billion). Read more..

By BLOOMBERG NEWS - The New York Times

Eye Infections From Solution Continuing to Harm Users

More than a quarter of people who suffered serious infections linked to the recalled Complete MoisturePlus lens cleaner have required corneal transplants. Read more..

By BARNABY J. FEDER - The New York Times

Gap Tries a Somewhat Old-Fashioned Campaign

This fall, Gap will eschew TV ads in favor of a print campaign featuring black-and-white portraits shot by Annie Leibovitz. Read more..

By CLAIRE ATKINSON - The New York Times

In Hunt for Programmers, Desperation Sets In

LinkedIn, the networking site, gets a little bit overeager in its quest for developers, annoying some at Google. Read more..

By DAVID F. GALLAGHER - The New York Times

People in the News

Comings and goings in the banking world. Read more..

By THE NEW YORK TIMES - The New York Times

Take-Two Delays Grand Theft Auto IV

The company said that the new version of the game wouldn’t be released until the second quarter of 2008, a move likely to have a widespread impact on the video game industry. Read more..

By MATT RICHTEL - The New York Times

Unilever to Cut 20,000 Jobs

Unilever is preparing to reduce its work force 11 percent over the next four years to speed up a recovery program aimed at narrowing the gap with Procter & Gamble. Read more..

By JULIA WERDIGIER - The New York Times

Viacom Profit Down Despite Solid Revenue

The owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 percent. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO30.0030.1329.4429.4651.3M
General ElectricGE38.8539.0938.0638.0647.5M
Home DepotHD37.8437.8435.9136.1945.3M
JPMorgan ChaseJPM44.6044.9543.3943.6536.6M
Oracle Corp.ORCL20.0920.1919.6619.6635.1M
Wells Fargo & Co.WFC34.1134.4932.6632.8134.7M
AT&T Inc.T40.3140.8439.4039.4525.6M
Wal-Mart StoresWMT46.7047.0045.5045.5220.5M
Procter & GamblePG63.2563.6862.3462.8820.3M
Verizon CommunicationsVZ43.1543.7842.4042.7517.9M
Abbott LaboratoriesABT51.1552.1351.0051.0917.7M
Bristol-Myers SquibbBMY28.3028.6527.9828.0017.6M
HP Inc.HPQ48.0748.8546.0047.4117.4M
Johnson & JohnsonJNJ61.5061.5060.4160.5513M
Walt Disney & Co.DIS34.1434.6233.8433.9012.6M
UnitedHealth GroupUNH49.2549.2547.4047.5011M
International Business MachinesIBM113.24114.18111.70111.899.57M
Gilead SciencesGILD37.9137.9736.9336.936.43M
United TechnologiesUTX74.9775.4173.8473.936.27M
Union PacificUNP119.97120.19114.25114.253.51M
Berkshire HathawayBRK.B3596.003604.503580.003599.0023.3K
Exchange Rates of August 3rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.040 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.057 CAD1 CAD = 0.946 USD
US DollarSwiss Franc1 USD = 1.191 CHF1 CHF = 0.840 USD
US DollarChinese Yuan1 USD = 7.565 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 162.580 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.482 EUR
EuroAustralian Dollar1 EUR = 1.611 AUD1 AUD = 0.621 EUR
EuroCanadian Dollar1 EUR = 1.455 CAD1 CAD = 0.687 EUR
EuroSwiss Franc1 EUR = 1.640 CHF1 CHF = 0.610 EUR
Japanese YenPound Sterling1 JPY = 0.415 GBP1 GBP = 2.411 JPY
Japanese YenAustralian Dollar1 JPY = 0.990 AUD1 AUD = 1.010 JPY
Japanese YenCanadian Dollar1 JPY = 0.895 CAD1 CAD = 1.118 JPY
Japanese YenSwiss Franc1 JPY = 1.008 CHF1 CHF = 0.992 JPY
Pound SterlingAustralian Dollar1 GBP = 2.387 AUD1 AUD = 0.419 GBP
Pound SterlingCanadian Dollar1 GBP = 2.157 CAD1 CAD = 0.464 GBP
Pound SterlingSwiss Franc1 GBP = 2.429 CHF1 CHF = 0.412 GBP
Australian DollarCanadian Dollar1 AUD = 0.903 CAD1 CAD = 1.108 AUD
Australian DollarSwiss Franc1 AUD = 1.017 CHF1 CHF = 0.983 AUD
Canadian DollarSwiss Franc1 CAD = 1.126 CHF1 CHF = 0.888 CAD

See what else happened on August 3rd, 2007