Financial news on October 4th, 2007

Business and Financial news
As for Music, Gates’s Taste May Not Be Adventurous but His Strategies Are

In an interview, Bill Gates expressed surprise that the music industry had failed to turn digital music into a big moneymaker. Read more..

By JEFF LEEDS - The New York Times

Britain: Cadbury to Move Plant

Cadbury Schweppes, the soft drink and candy maker, plans to move some of its chocolate production to Poland from Britain, eliminating 700 jobs. A plant at Keynsham in southwestern England is scheduled to close by 2010, affecting 500 workers, the c... Read more..

By BLOOMBERG NEWS - The New York Times

Canada: Scrutiny for Takeovers

Canada will add national security to the list of issues it considers before approving foreign takeovers of companies, Prime Minister Stephen J. Harper said. The change will not apply to takeovers that have already been announced. Mr. Harper’s anno... Read more..

By IAN AUSTEN - The New York Times

Circuits: A Jack That Lets Regular Phones Take Advantage of Those Cheap Internet Long-Distance Rates

MagicJack, which looks like a U.S.B. memory stick, plugs right into your Windows PC, which immediately displays a telephone keypad. Read more..

By JOHN BIGGS - The New York Times

European Bank Holds Interest Rates Steady

The central bank stuck by its upbeat view of the region’s economy, despite the credit squeeze that has roiled financial markets. The Bank of England also left rates unchanged. Read more..

By CARTER DOUGHERTY - The New York Times

French Inquiry Into EADS Trading Gains Momentum

The insider trading investigation centers on whether executives of EADS and Airbus knew of production problems with the Airbus A380 when they exercised stock options. Read more..

By NICOLA CLARK - The New York Times

Lean Crop of Dollars

Despite intense lobbying, growers of fruits, vegetables and tree nuts are falling short in their goals to secure government payments in the farm bill now being debated on Capitol Hill. Read more..

By ANDREW MARTIN - The New York Times

Saving Voice Mail on a PC or CD

Is there a way to save voice mail to a computer or CD? My cellphone’s voice mail storage capacity isn’t big enough, but there are voice mail messages I need to save. Read more..

By J. D BIERSDORFER - The New York Times

Setting the Record Straight on Cubic Telecom’s International Rates

The Cubic phone still saves you money, but not as much as I wrote in my column last week. Read more..

By DAVID POGUE - The New York Times

Sony Executive Signs New Deal

Sony said yesterday that its entertainment chief, Michael Lynton, had signed a new contract to lead the company’s film and television studios until 2012. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32,5932,6831,8832,1550.6M
Oracle Corp.ORCL21,6521,7921,5121,7618.6M
General ElectricGE41,7141,8741,4541,7016M
AT&T Inc.T41,9342,1541,8341,9914.9M
Wells Fargo & Co.WFC37,0037,5037,0037,2712.5M
Home DepotHD34,0134,0533,5033,7412.2M
Procter & GamblePG70,2071,0770,2070,8311.7M
JPMorgan ChaseJPM47,2047,4346,9847,2511.1M
Wal-Mart StoresWMT45,0645,3444,7745,009.55M
Johnson & JohnsonJNJ66,1066,3566,0066,118.74M
Verizon CommunicationsVZ45,2445,5045,2345,428.46M
UnitedHealth GroupUNH47,4247,6447,1547,388.02M
Bristol-Myers SquibbBMY29,6530,3529,6529,747.97M
HP Inc.HPQ50,4150,5750,0150,476.38M
International Business MachinesIBM116,20116,75115,00115,696.18M
Abbott LaboratoriesABT55,7456,6655,3855,545.62M
Walt Disney & Co.DIS34,8935,0734,8334,905.58M
Gilead SciencesGILD41,5142,1740,9441,524.57M
United TechnologiesUTX79,6080,7079,6080,092.25M
Union PacificUNP111,71112,74110,07112,361.82M
Berkshire HathawayBRK.B3990,004004,003970,003970,0018.5K
Exchange Rates of October 4th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116,360 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,996 CAD1 CAD = 1,004 USD
US DollarSwiss Franc1 USD = 1,174 CHF1 CHF = 0,852 USD
EuroJapanese Yen1 EUR = 164,480 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,693 GBP1 GBP = 1,443 EUR
EuroAustralian Dollar1 EUR = 1,591 AUD1 AUD = 0,629 EUR
EuroCanadian Dollar1 EUR = 1,408 CAD1 CAD = 0,710 EUR
EuroSwiss Franc1 EUR = 1,660 CHF1 CHF = 0,602 EUR
Japanese YenPound Sterling1 JPY = 0,421 GBP1 GBP = 2,374 JPY
Japanese YenAustralian Dollar1 JPY = 0,967 AUD1 AUD = 1,034 JPY
Japanese YenCanadian Dollar1 JPY = 0,856 CAD1 CAD = 1,168 JPY
Japanese YenSwiss Franc1 JPY = 1,009 CHF1 CHF = 0,991 JPY
Pound SterlingAustralian Dollar1 GBP = 2,295 AUD1 AUD = 0,436 GBP
Pound SterlingCanadian Dollar1 GBP = 2,031 CAD1 CAD = 0,492 GBP
Pound SterlingSwiss Franc1 GBP = 2,394 CHF1 CHF = 0,418 GBP
Australian DollarCanadian Dollar1 AUD = 0,884 CAD1 CAD = 1,131 AUD
Australian DollarSwiss Franc1 AUD = 1,043 CHF1 CHF = 0,959 AUD
Canadian DollarSwiss Franc1 CAD = 1,178 CHF1 CHF = 0,849 CAD

See what else happened on October 4th, 2007