Financial news on July 7th, 2009

Business and Financial news
BT Decides Not to Adopt Internet-Based Ad System

BT Group, the British telecommunications company, decided not to use a controversial technology that targets advertising based on consumers’ Internet use. Read more..

By ERIC PFANNER - The New York Times

Fiat and Chinese Carmaker Form Alliance

The Italian automaker is teaming up with the Guangzhou Automobile Group to make cars and engines for the Chinese market. Read more..

By DAVID JOLLY - The New York Times

Here’s an Idea: Bring Back the Suggestion Box

Small businesses may benefit by reviving the old-school suggestion box, with modern touches added, of course. Read more..

By PAUL B. BROWN - The New York Times

In Step to Enhance Currency, China Allows Its Use in Some Foreign Payments

China opened the door slightly wider to full convertibility of its currency by allowing some companies to settle payments for imports and exports in renminbi. Read more..

By KEITH BRADSHER - The New York Times

Shares End Mixed as Oil Prices Hit 5-Week Low

Stocks ended mostly lower Monday as declines in the prices of oil and other commodities had investors worrying again that demand for basic materials might remain slack. Read more..

By DEALBOOK - The New York Times

Twice the Work, Half the Pay

Site bookers and coordinators, paid by hotels on the number of rooms used, say they are working twice as hard for half the money. Read more..

By MARTHA C. WHITE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE11.4711.5410.9611.0199.3M
Wells Fargo & Co.WFC23.1523.8423.0023.3364.7M
JPMorgan ChaseJPM32.6333.4032.1332.8156.7M
Cisco SystemsCSCO18.5418.6218.1918.2441.6M
Oracle Corp.ORCL20.6720.7820.1220.1835.5M
AT&T Inc.T24.8624.8624.2524.3323.8M
UnitedHealth GroupUNH24.0526.3124.0025.1719.9M
Abbott LaboratoriesABT45.4246.0945.2245.3417.7M
Verizon CommunicationsVZ30.3930.4029.5529.6417.3M
Walt Disney & Co.DIS23.1123.2222.5022.5315.3M
Wal-Mart StoresWMT47.9048.0547.7347.8415.1M
Home DepotHD22.9122.9122.3222.4015M
HP Inc.HPQ37.6137.8036.7836.8414.1M
Procter & GamblePG51.9952.4451.6351.9113.4M
Bristol-Myers SquibbBMY19.7019.9519.5619.6810.3M
Johnson & JohnsonJNJ56.6156.7156.1356.239.68M
Gilead SciencesGILD45.6745.7945.1845.197.19M
International Business MachinesIBM101.34101.96100.03100.196.69M
United TechnologiesUTX50.8950.9949.3849.436.28M
Union PacificUNP50.5151.0348.7149.034.98M
Berkshire HathawayBRK.B2862.002862.002801.002810.0025.6K
Exchange Rates of July 7th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94.790 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.166 CAD1 CAD = 0.857 USD
US DollarSwiss Franc1 USD = 1.089 CHF1 CHF = 0.918 USD
US DollarChinese Yuan1 USD = 6.834 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 131.910 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.863 GBP1 GBP = 1.159 EUR
EuroAustralian Dollar1 EUR = 1.762 AUD1 AUD = 0.567 EUR
EuroCanadian Dollar1 EUR = 1.623 CAD1 CAD = 0.616 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 9.509 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.654 GBP1 GBP = 1.529 JPY
Japanese YenAustralian Dollar1 JPY = 1.336 AUD1 AUD = 0.749 JPY
Japanese YenCanadian Dollar1 JPY = 1.230 CAD1 CAD = 0.813 JPY
Japanese YenSwiss Franc1 JPY = 1.149 CHF1 CHF = 0.870 JPY
Pound SterlingAustralian Dollar1 GBP = 2.042 AUD1 AUD = 0.490 GBP
Pound SterlingCanadian Dollar1 GBP = 1.881 CAD1 CAD = 0.532 GBP
Pound SterlingSwiss Franc1 GBP = 1.757 CHF1 CHF = 0.569 GBP
Pound SterlingChinese Yuan1 GBP = 11.010 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.921 CAD1 CAD = 1.086 AUD
Australian DollarSwiss Franc1 AUD = 0.860 CHF1 CHF = 1.163 AUD
Australian DollarChinese Yuan1 AUD = 5.397 CNY1 CNY = 0.185 AUD
Canadian DollarSwiss Franc1 CAD = 0.934 CHF1 CHF = 1.071 CAD
Canadian DollarChinese Yuan1 CAD = 5.861 CNY1 CNY = 0.171 CAD
Swiss FrancChinese Yuan1 CHF = 6.272 CNY1 CNY = 0.159 CHF

See what else happened on July 7th, 2009