Financial news on July 6th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28,3428,5028,2428,4734.5M
General ElectricGE38,4838,6038,3738,4829.8M
Oracle Corp.ORCL20,4520,4920,2520,4026.8M
AT&T Inc.T40,8040,9840,3440,6619.1M
Home DepotHD39,9240,5139,8540,3016.8M
Wal-Mart StoresWMT48,0948,4947,9948,3913.1M
JPMorgan ChaseJPM48,6249,1648,4548,9710.8M
Verizon CommunicationsVZ41,5441,7341,3541,5510.2M
International Business MachinesIBM107,79109,66107,66109,038.98M
Wells Fargo & Co.WFC35,2435,4035,1435,338.71M
HP Inc.HPQ45,8146,0045,5145,988.37M
Procter & GamblePG61,5061,6361,3561,488.2M
Johnson & JohnsonJNJ62,1062,4062,0062,137.56M
Abbott LaboratoriesABT54,3354,4353,8854,007.5M
Bristol-Myers SquibbBMY31,8031,8231,4731,557.16M
Walt Disney & Co.DIS34,5934,6134,4334,496.73M
UnitedHealth GroupUNH52,5353,1852,1153,024.83M
Gilead SciencesGILD38,9939,2138,6139,123.84M
United TechnologiesUTX72,2972,8872,0372,602.5M
Union PacificUNP116,10117,43115,15116,811.55M
Berkshire HathawayBRK.B3673,003705,003668,003705,009.5K
Exchange Rates of July 6th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 123,330 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,049 CAD1 CAD = 0,953 USD
US DollarSwiss Franc1 USD = 1,218 CHF1 CHF = 0,821 USD
US DollarChinese Yuan1 USD = 7,602 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 168,060 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,678 GBP1 GBP = 1,476 EUR
EuroAustralian Dollar1 EUR = 1,587 AUD1 AUD = 0,630 EUR
EuroCanadian Dollar1 EUR = 1,430 CAD1 CAD = 0,699 EUR
EuroSwiss Franc1 EUR = 1,660 CHF1 CHF = 0,602 EUR
Japanese YenPound Sterling1 JPY = 0,403 GBP1 GBP = 2,482 JPY
Japanese YenAustralian Dollar1 JPY = 0,944 AUD1 AUD = 1,059 JPY
Japanese YenCanadian Dollar1 JPY = 0,850 CAD1 CAD = 1,176 JPY
Japanese YenSwiss Franc1 JPY = 0,987 CHF1 CHF = 1,013 JPY
Pound SterlingAustralian Dollar1 GBP = 2,343 AUD1 AUD = 0,427 GBP
Pound SterlingCanadian Dollar1 GBP = 2,110 CAD1 CAD = 0,474 GBP
Pound SterlingSwiss Franc1 GBP = 2,449 CHF1 CHF = 0,408 GBP
Australian DollarCanadian Dollar1 AUD = 0,900 CAD1 CAD = 1,111 AUD
Australian DollarSwiss Franc1 AUD = 1,045 CHF1 CHF = 0,957 AUD
Canadian DollarSwiss Franc1 CAD = 1,161 CHF1 CHF = 0,862 CAD

See what else happened on July 6th, 2007