Financial news on July 06, 2007

Business and Financial news
Documents Show KPMG Secretly Met Prosecutors

Previously unseen notes of meetings in connection with the related criminal trial of 16 former KPMG tax employees provide a rare and detailed look inside the closed-door process of those dealings. Read more..

By LYNNLEY BROWNING - The New York Times

He Sang It Pogue’s Way

David Pogue sings “I want an iPhone,” and New York Magazine says “bravo.” Read more..

By DAMON DARLIN - The New York Times

How This Boom Differs From the Dot-Com Days: Hedge Funds Make Money

With hedge funds lining up to go public, money managers and the media are questioning whether there might be a hedge fund bubble. Read more..

By JENNY ANDERSON - The New York Times

In Health Care, the Opportunity Is in Keeping Costs Down

Small companies offering software systems and medical devices are attracting venture capital. Read more..

By JAMES FLANIGAN - The New York Times

In London’s Financial World, Carbon Trading Is the New Big Thing

Managing emissions has become one of the fastest-growing specialties in financial services, and companies are scrambling to find workers. Read more..

By JAMES KANTER - The New York Times

Microsoft to Spend $1.15 Billion for Xbox Repairs

Microsoft on Thursday cited “an unacceptable number of repairs” to its Xbox 360 for the charge, and announced an extended warranty for the video game console. Read more..

By ERIC A. TAUB - The New York Times

New Faces Part 2: Chasing MySpace

Facebook is growing more than twice as fast as MySpace. But the News Corporation site is still far bigger. Read more..

By SAUL HANSELL - The New York Times

Second Suitor Makes a Bid for Barneys

The Fast Retailing Company, the Japanese retailer that owns the Uniqlo line of stores, made an unsolicited $900 million bid for Barneys New York. Read more..

By MICHAEL J. de la MERCED - The New York Times

The F.C.C. May Not Share Silicon Valley’s Wireless Dreams

Word from the FCC is that the rules in the upcoming auction of what is now the UHF television spectrum favor existing cellular carriers, not proposed startup broadband providers. Read more..

By JOHN MARKOFF - The New York Times

Trump Deal Fails, and Shares Fall Again

Donald J. Trump, the man who wrote “The Art of the Deal,” failed to make a deal this week, and his casino company’s shareholders are suffering. Again. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.91 30.04 29.66 29.97 57.5M
Intel INTC 24.52 24.85 24.51 24.68 51.4M
Cisco Systems CSCO 28.34 28.50 28.24 28.47 34.5M
Apple AAPL 133.13 133.34 130.40 132.30 31.2M
General Electric GE 38.48 38.60 38.37 38.48 29.8M
Oracle Corp. ORCL 20.45 20.49 20.25 20.40 26.8M
Pfizer PFE 25.87 25.95 25.70 25.92 26.5M
ExxonMobil XOM 85.63 86.95 85.37 86.46 23M
AT&T Inc. T 40.80 40.98 40.34 40.66 19.1M
Home Depot HD 39.92 40.51 39.85 40.30 16.8M
Wal-Mart Stores WMT 48.09 48.49 47.99 48.39 13.1M
Chevron CVX 86.57 87.96 86.57 87.68 11.7M
Comcast CMCSA 28.50 28.69 28.47 28.58 11.5M
JPMorgan Chase JPM 48.62 49.16 48.45 48.97 10.8M
ConocoPhillips COP 81.20 81.72 80.90 81.04 10.3M
Verizon Communications VZ 41.54 41.73 41.35 41.55 10.2M
Merck MRK 49.90 49.97 48.87 49.46 9.24M
International Business Machines IBM 107.79 109.66 107.66 109.03 8.98M
Wells Fargo & Co. WFC 35.24 35.40 35.14 35.33 8.71M
Altria MO 70.85 71.70 70.80 71.60 8.47M
HP Inc. HPQ 45.81 46.00 45.51 45.98 8.37M
Procter & Gamble PG 61.50 61.63 61.35 61.48 8.2M
Johnson & Johnson JNJ 62.10 62.40 62.00 62.13 7.56M
Abbott Laboratories ABT 54.33 54.43 53.88 54.00 7.5M
Bristol-Myers Squibb BMY 31.80 31.82 31.47 31.55 7.16M
Schlumberger SLB 88.48 89.17 87.79 88.33 7.1M
Walt Disney & Co. DIS 34.59 34.61 34.43 34.49 6.73M
Coca-Cola KO 52.55 52.65 52.30 52.60 6.17M
McDonald's MCD 51.35 51.62 51.00 51.43 5.88M
Amgen AMGN 54.71 54.90 54.49 54.82 5.84M
Alphabet GOOGL 541.25 543.87 538.73 539.40 5.49M
UnitedHealth Group UNH 52.53 53.18 52.11 53.02 4.83M
Amazon AMZN 68.75 69.30 68.01 68.97 4.62M
Pepsico PEP 65.92 66.42 65.65 66.22 3.85M
Gilead Sciences GILD 38.99 39.21 38.61 39.12 3.84M
Boeing BA 98.13 99.22 98.02 98.88 2.59M
United Technologies UTX 72.29 72.88 72.03 72.60 2.5M
3M MMM 87.95 88.81 87.56 88.11 2.01M
Union Pacific UNP 116.10 117.43 115.15 116.81 1.55M
Berkshire Hathaway BRK.B 3673.00 3705.00 3668.00 3705.00 9.5K
Exchange Rates of July 06, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 123.330 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.049 CAD 1 CAD = 0.953 USD
US Dollar Swiss Franc 1 USD = 1.218 CHF 1 CHF = 0.821 USD
US Dollar Chinese Yuan 1 USD = 7.602 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 168.060 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.678 GBP 1 GBP = 1.476 EUR
Euro Australian Dollar 1 EUR = 1.587 AUD 1 AUD = 0.630 EUR
Euro Canadian Dollar 1 EUR = 1.430 CAD 1 CAD = 0.699 EUR
Euro Swiss Franc 1 EUR = 1.660 CHF 1 CHF = 0.602 EUR
Japanese Yen Pound Sterling 1 JPY = 0.403 GBP 1 GBP = 2.482 JPY
Japanese Yen Australian Dollar 1 JPY = 0.944 AUD 1 AUD = 1.059 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.850 CAD 1 CAD = 1.176 JPY
Japanese Yen Swiss Franc 1 JPY = 0.987 CHF 1 CHF = 1.013 JPY
Pound Sterling Australian Dollar 1 GBP = 2.343 AUD 1 AUD = 0.427 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.110 CAD 1 CAD = 0.474 GBP
Pound Sterling Swiss Franc 1 GBP = 2.449 CHF 1 CHF = 0.408 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.900 CAD 1 CAD = 1.111 AUD
Australian Dollar Swiss Franc 1 AUD = 1.045 CHF 1 CHF = 0.957 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.161 CHF 1 CHF = 0.862 CAD

See what else happened on July 06, 2007