Financial news on May 3rd, 2007

Business and Financial news
A Corner Deli With International Appeal

Zingerman’s in Ann Arbor, Mich., turns 25 and continues to expand its gourmet enterprise. Read more..

By MICHELINE MAYNARD - The New York Times

A Dual-Screen DVD Player, Suited to Separating Feuding Children

The Disney Dual Screen Mobile DVD Player can simultaneously display a movie or video game on two 7-inch screens. Read more..

By WARREN BUCKLEITNER - The New York Times

A Media PC That Can Stand Up Next to the Television

The Shuttle X200M, an update to the X100 media PC, looks great next to the TV. Read more..

By JOHN BIGGS - The New York Times

Canada: Earnings Rise at Telephone Giant

BCE, the parent of Bell Canada, said first-quarter profit rose 4.6 percent, to 499 million Canadian dollars ($450 million) because of lower restructuring costs and an extraordinary gain. Poor performance in the wireless unit meant that Bell Canada... Read more..

By IAN AUSTEN - The New York Times

Canada: Real Estate Concern Plans Spinoff

Brookfield Asset Management said it would focus on its real estate holdings, which include the World Financial Center in Manhattan, by spinning off about $1 billion in infrastructure assets to shareholders. The assets, which will be held by a newl... Read more..

By IAN AUSTEN - The New York Times

I.R.S. Curtails Many Audits in Tax Havens

Stalling tactics have made it hard to complete the audits within the required three years, investigators say. Read more..

By EDMUND L. ANDREWS - The New York Times

Let’s End the Nightmare of Peace and Tranquillity

In Sam & Max Episode 6: Bright Side of the Moon, the two work diligently to end a nightmare of peace and tranquillity. Read more..

By CHARLES HEROLD - The New York Times

Sprint Nextel Reports a First-Quarter Loss

The company lost $211 million as high-value wireless customers defected to competitors. Read more..

By LAURIE J. FLYNN - The New York Times

To Help Cut the Cord, an Internet Handset With a Landline Option

The Philips VOIP841 acts as a standard landline telephone but can also make calls using the Internet phone service Skype. Read more..

By JOHN BIGGS - The New York Times

Wall Street Journal Weighs Life Under Murdoch

The media baron is known to take a hands-on approach to his politically barbed and sometimes racy properties. Read more..

By RICHARD SIKLOS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT30.6031.0030.5330.9782M
IntelINTC22.1122.1321.7121.7471.1M
PfizerPFE26.6026.9726.5926.8744.2M
Cisco SystemsCSCO27.7627.9427.5627.7037M
Verizon CommunicationsVZ40.3541.3839.7041.0733.9M
General ElectricGE37.3137.4237.1337.3428.2M
AT&T Inc.T38.8738.9838.4438.9026.2M
AppleAAPL100.73101.45100.01100.4020.6M
ConocoPhillipsCOP69.1570.2668.9869.9918.6M
Oracle Corp.ORCL18.9119.0418.8019.0218.3M
ComcastCMCSA27.3027.4827.1027.2418M
ExxonMobilXOM79.8380.9279.8080.6817.9M
Procter & GamblePG62.6362.7061.8462.0017.8M
Bristol-Myers SquibbBMY28.8029.5928.6929.3414.7M
AmazonAMZN61.0862.5460.7662.1913.5M
AmgenAMGN65.5765.6563.7563.9113.2M
Wal-Mart StoresWMT48.4048.7548.2048.3611M
Home DepotHD38.9539.2538.4439.0610.8M
JPMorgan ChaseJPM52.8352.9252.3752.709.7M
HP Inc.HPQ42.9943.2042.7842.839.01M
Johnson & JohnsonJNJ64.5964.8064.1464.328.99M
AltriaMO69.1969.9069.1069.778.55M
Walt Disney & Co.DIS35.7336.0135.6235.698.33M
MerckMRK51.4051.8051.0851.558.22M
Coca-ColaKO52.8053.0052.5952.918.1M
SchlumbergerSLB73.9175.0973.6974.778.03M
McDonald'sMCD50.0050.0249.5849.917.95M
UnitedHealth GroupUNH53.9554.0052.9953.197.6M
Abbott LaboratoriesABT57.3657.5057.1057.417.48M
International Business MachinesIBM102.10103.00101.35102.807.3M
AlphabetGOOGL466.22474.07465.29473.237.18M
ChevronCVX78.5379.8678.4379.567.09M
Wells Fargo & Co.WFC35.7235.9835.7035.846.23M
PepsicoPEP67.0867.7267.0567.315.18M
3MMMM84.3184.4083.5184.074.85M
United TechnologiesUTX68.2668.4067.7467.934.66M
BoeingBA94.0894.4993.5093.853.07M
Gilead SciencesGILD83.6283.9482.8883.212.93M
Union PacificUNP115.75117.78114.80116.552.76M
Berkshire HathawayBRK.B3630.003630.003600.003618.0012K
Exchange Rates of May 3rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.420 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.107 CAD1 CAD = 0.903 USD
US DollarSwiss Franc1 USD = 1.216 CHF1 CHF = 0.822 USD
EuroJapanese Yen1 EUR = 163.180 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.682 GBP1 GBP = 1.466 EUR
EuroAustralian Dollar1 EUR = 1.644 AUD1 AUD = 0.608 EUR
EuroCanadian Dollar1 EUR = 1.500 CAD1 CAD = 0.666 EUR
EuroSwiss Franc1 EUR = 1.648 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.418 GBP1 GBP = 2.394 JPY
Japanese YenAustralian Dollar1 JPY = 1.007 AUD1 AUD = 0.993 JPY
Japanese YenCanadian Dollar1 JPY = 0.919 CAD1 CAD = 1.088 JPY
Japanese YenSwiss Franc1 JPY = 1.009 CHF1 CHF = 0.991 JPY
Pound SterlingAustralian Dollar1 GBP = 2.411 AUD1 AUD = 0.415 GBP
Pound SterlingCanadian Dollar1 GBP = 2.200 CAD1 CAD = 0.454 GBP
Pound SterlingSwiss Franc1 GBP = 2.415 CHF1 CHF = 0.414 GBP
Australian DollarCanadian Dollar1 AUD = 0.912 CAD1 CAD = 1.097 AUD
Australian DollarSwiss Franc1 AUD = 1.001 CHF1 CHF = 0.999 AUD
Canadian DollarSwiss Franc1 CAD = 1.098 CHF1 CHF = 0.911 CAD

See what else happened on May 3rd, 2007