Financial news on August 9th, 2007

Business and Financial news
An Entire Bookshelf, in Your Hands

A variety of digital tools, from cell phones to dedicated readers, are now available for cracking open electronic books. Read more..

By PETER WAYNER - The New York Times

Central Bank Raises a Key Interest Rate

Australia’s central bank raised its benchmark interest rate a quarter-point to 6.5 percent, the highest rate in almost 11 years. Read more..

By BLOOMBERG NEWS - The New York Times

Equity Firm Invests in NBC Universal-News Corp. Online Venture

A yet-to-be-launched online joint venture between NBC Universal and News Corporation has received a $100 million investment from Providence Equity Partners. Read more..

By BRAD STONE - The New York Times

Help NBC and News Corp. Pick a Brand Name

Readers: help pick a name for the newly funded NBC-News Corporation joint venture in online video. Read more..

By BRAD STONE - The New York Times

Internet Radio Made Easier

Several new breakthrough portable consoles can tune in to thousands of Internet radio stations. Read more..

By DAVID POGUE - The New York Times

Internet Tabletop Radios: A Comparison

A comparison of several new portable radio consoles that can tune in to thousands of Internet radio stations. Read more..

By THE NEW YORK TIMES - The New York Times

Original Suitor Sweetens Its Barneys Offer to $942 Million

The bidding war over Barneys New York, the luxury clothing retailer, escalated when a private equity firm from Dubai raised its offer to $942 million — $117 million more than it had originally bid. Read more..

By MICHAEL BARBARO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO31,2032,4731,1831,40102M
General ElectricGE39,6740,1338,8738,9460M
JPMorgan ChaseJPM45,0445,9444,1744,1739.3M
Home DepotHD35,3636,2535,1235,7937.1M
AT&T Inc.T39,8140,2039,0039,2534M
Oracle Corp.ORCL19,9420,3019,8720,0933.6M
Wells Fargo & Co.WFC33,9035,2132,7334,1625.4M
HP Inc.HPQ48,4449,2047,0247,0224.2M
Wal-Mart StoresWMT47,5048,0046,3946,4523.6M
Bristol-Myers SquibbBMY29,2329,8128,0028,1822.7M
Johnson & JohnsonJNJ62,0062,6060,8360,8320.8M
Verizon CommunicationsVZ42,2643,4841,9141,9220M
Abbott LaboratoriesABT56,9156,9154,8354,9319.8M
Procter & GamblePG64,0166,7564,0064,9719.5M
Walt Disney & Co.DIS33,8334,2033,0033,0014.9M
UnitedHealth GroupUNH47,7947,9646,0346,3314.5M
International Business MachinesIBM110,77114,49110,73110,739.09M
Gilead SciencesGILD38,2938,6037,2637,319.02M
United TechnologiesUTX74,0474,9272,3772,376.2M
Union PacificUNP118,08119,68115,70115,703.12M
Berkshire HathawayBRK.B3677,003677,003627,003643,0018.8K
Exchange Rates of August 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118,150 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,058 CAD1 CAD = 0,945 USD
US DollarSwiss Franc1 USD = 1,196 CHF1 CHF = 0,836 USD
US DollarChinese Yuan1 USD = 7,565 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 161,590 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,676 GBP1 GBP = 1,480 EUR
EuroAustralian Dollar1 EUR = 1,609 AUD1 AUD = 0,621 EUR
EuroCanadian Dollar1 EUR = 1,447 CAD1 CAD = 0,691 EUR
EuroSwiss Franc1 EUR = 1,636 CHF1 CHF = 0,611 EUR
Japanese YenPound Sterling1 JPY = 0,418 GBP1 GBP = 2,392 JPY
Japanese YenAustralian Dollar1 JPY = 0,995 AUD1 AUD = 1,005 JPY
Japanese YenCanadian Dollar1 JPY = 0,895 CAD1 CAD = 1,117 JPY
Japanese YenSwiss Franc1 JPY = 1,012 CHF1 CHF = 0,988 JPY
Pound SterlingAustralian Dollar1 GBP = 2,381 AUD1 AUD = 0,420 GBP
Pound SterlingCanadian Dollar1 GBP = 2,141 CAD1 CAD = 0,467 GBP
Pound SterlingSwiss Franc1 GBP = 2,420 CHF1 CHF = 0,413 GBP
Australian DollarCanadian Dollar1 AUD = 0,899 CAD1 CAD = 1,113 AUD
Australian DollarSwiss Franc1 AUD = 1,016 CHF1 CHF = 0,984 AUD
Canadian DollarSwiss Franc1 CAD = 1,130 CHF1 CHF = 0,885 CAD

See what else happened on August 9th, 2007