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