Financial news on August 7th, 2007

Business and Financial news
Asia | India: Wal-Mart Wholesale Deal Set

Wal-Mart Stores and the Bharti Group of India have agreed to set up wholesale stores and a supply chain in India, eight months after they signed an initial agreement. Their venture will open its first wholesale store by the end of 2008, according ... Read more..

By BLOOMBERG NEWS - The New York Times

From the Self-Referential Dept.

There appears to be a great desire to believe that Fake Steve Jobs just might be the real one. Reaction and counterreaction to the unveiling of the Apple chief’s alter ego. Read more..

By DAMON DARLIN - The New York Times

Jack Cole, Creator of People Locator, Dead at 87

Mr. Cole was a businessman who used early computer technology to sort the world — or at least millions of the people in it — by street address. Read more..

By MARGALIT FOX - The New York Times

Japan: Broad Survey Points to Growth

Japan’s broadest indicator of the outlook for growth signaled for the first time in eight months that the economy would expand. The leading index climbed to 80 percent in June, the Cabinet Office said, the first time it has been at or over 50 sinc... Read more..

By BLOOMBERG NEWS - The New York Times

Once Tainted, Nardelli Now Has Chrysler’s Keys

Robert L. Nardelli is being given the chance to try to bring off two comebacks: Chrysler’s, and his own. Read more..


Quick Bits: Dell Tries Zing, Steve Case Sells Lime, Palm Hears Silence

Hot stories today from Microsoft, Apple, Palm,, Dell and more. Read more..

By SAUL HANSELL - The New York Times

Sun Microsystems Announces Faster Chip

UltraSPARC T2, the new chip, is twice as fast as the previous generation and will be available this year. Read more..

By BLOOMBERG NEWS - The New York Times

The Browns Finally Sign Someone! (But Not a Player)

The Cleveland Browns of the N.F.L. are taking a unique approach to online ticket reselling: The team doesn’t take a cut. Read more..

By BRAD STONE - The New York Times

The Dalai Lama and Understanding Wikipedia

Lessons from the Wikimania conference in Taipei: Why people contribute, how to resolve conflicts and how many editors is enough. Read more..

By NOAM COHEN - The New York Times

U.S. Supports Patent Ruling in a Setback for Qualcomm

The Bush administration on Monday let stand an earlier ruling that requires Qualcomm to pay licensing fees to its competitor Broadcom. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29.5229.8628.9329.6980.7M
General ElectricGE38.8939.7338.7439.4846.7M
Oracle Corp.ORCL19.8620.0819.5019.6834.5M
JPMorgan ChaseJPM44.9946.0544.1545.3430.6M
Wells Fargo & Co.WFC34.2535.3034.2534.8929.3M
Home DepotHD36.5537.0735.9236.4028.4M
Abbott LaboratoriesABT54.6655.0952.5054.3025.2M
AT&T Inc.T40.1440.7539.8040.4624.3M
Wal-Mart StoresWMT46.8047.4846.5547.0619.2M
Procter & GamblePG64.2365.7964.2365.2319.2M
Johnson & JohnsonJNJ61.7562.4061.5562.0818.1M
Bristol-Myers SquibbBMY28.2829.0928.2828.9216.4M
HP Inc.HPQ48.3548.9947.9648.4815.7M
Verizon CommunicationsVZ42.9343.6942.9343.1114.5M
Walt Disney & Co.DIS33.9534.8533.8534.5514.3M
UnitedHealth GroupUNH48.3649.0745.8247.999.5M
International Business MachinesIBM113.02114.17112.25113.538.02M
Gilead SciencesGILD37.7038.2537.2337.867.54M
United TechnologiesUTX74.8474.8573.5274.155.5M
Union PacificUNP114.30118.14113.01116.873.32M
Berkshire HathawayBRK.B3671.003692.003650.503692.0023.3K
Exchange Rates of August 7th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.810 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.055 CAD1 CAD = 0.948 USD
US DollarSwiss Franc1 USD = 1.197 CHF1 CHF = 0.835 USD
US DollarChinese Yuan1 USD = 7.570 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 163.210 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.680 GBP1 GBP = 1.472 EUR
EuroAustralian Dollar1 EUR = 1.607 AUD1 AUD = 0.622 EUR
EuroCanadian Dollar1 EUR = 1.449 CAD1 CAD = 0.690 EUR
EuroSwiss Franc1 EUR = 1.644 CHF1 CHF = 0.608 EUR
Japanese YenPound Sterling1 JPY = 0.416 GBP1 GBP = 2.403 JPY
Japanese YenAustralian Dollar1 JPY = 0.984 AUD1 AUD = 1.016 JPY
Japanese YenCanadian Dollar1 JPY = 0.887 CAD1 CAD = 1.127 JPY
Japanese YenSwiss Franc1 JPY = 1.007 CHF1 CHF = 0.993 JPY
Pound SterlingAustralian Dollar1 GBP = 2.365 AUD1 AUD = 0.423 GBP
Pound SterlingCanadian Dollar1 GBP = 2.132 CAD1 CAD = 0.469 GBP
Pound SterlingSwiss Franc1 GBP = 2.419 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.901 CAD1 CAD = 1.110 AUD
Australian DollarSwiss Franc1 AUD = 1.023 CHF1 CHF = 0.978 AUD
Canadian DollarSwiss Franc1 CAD = 1.134 CHF1 CHF = 0.882 CAD

See what else happened on August 7th, 2007