Financial news on July 10, 2007

Business and Financial news
Asset Sales by Limited

Limited Brands said that it had agreed to sell 75 percent of its namesake clothing chain to a buyout firm, Sun Capital Partners. Read more..

By BLOOMBERG NEWS - The New York Times

Danone to Pay $16.8 Billion for Dutch Baby Food Maker

Groupe Danone, the world’s largest yogurt products company, said it planned to buy Royal Numico for 12.3 billion euros ($16.8 billion). Read more..

By JULIA WERDIGIER - The New York Times

Delphi Drops Finance Plan but Expects Another Soon

The Delphi Corporation said that it had terminated a $3.4 billion financing plan to bring the company out of bankruptcy protection but that it expects to sign a new deal this month. Read more..

By NICK BUNKLEY - The New York Times

Delphi Drops Financing Deal

The Delphi Corporation said that it had terminated a $3.4 billion financing plan to bring the company out of bankruptcy protection but that it expects to sign a new deal this month. Read more..

By NICK BUNKLEY - The New York Times

On the Web, Ratings Are Not Dollars

The announcement by Nielsen/NetRatings to emphasize ranking Web sites by the time users spend may prompt a change in ad deals that may ultimately make for better Web sites. But it doesn’t mean that Google is down and AOL is up, as some have said. Read more..

By SAUL HANSELL - The New York Times

Rise in World Oil Use and a Possible Shortage of Supplies Are Seen in the Next 5 Years

A new report says that pressures on fuel supplies are growing, in part, because booming Asian economies are using more fuel to power their manufacturing industries. Read more..

By JAMES KANTER - The New York Times

Russia: Investment Limits May Be Eased

Aleksandr I. Medvedev, the deputy director of Gazprom, has floated the idea of allowing foreign energy companies to take an equity stake in an operating company that will develop a large offshore natural gas field in the Russian Arctic. Mr. Medved... Read more..

By ANDREW E. KRAMER - The New York Times

Russia: Shell Explores Work With Rosneft

Royal Dutch Shell and Rosneft, the Russian state oil company, agreed to explore possibilities to work together to develop oil fields and market gasoline and other petroleum products worldwide. The deal was presented as a framework to discuss futur... Read more..

By ANDREW E. KRAMER - The New York Times

Suspect Toothpaste From China Is Seized

Tens of thousands of tubes of potentially toxic toothpaste from China have been seized in Spain and Italy, the European Commission said. The Italian health ministry has seized 20,000 tubes of toothpaste identified as counterfeit and is testing sam... Read more..

By STEPHEN CASTLE - The New York Times

Web and Search Numbers

Microsoft reverses its slide in search share by offering a contest. The second notable development in the Web measuring front is an announcement by Nielsen/NetRatings that it will put more emphasis on reporting the time users spend on each page, rather than counting page views Read more..

By MIGUEL HELFT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.70 29.99 29.18 29.33 66M
Intel INTC 24.78 25.18 24.75 24.97 64.9M
Apple AAPL 128.88 134.50 128.81 132.35 44.8M
Pfizer PFE 25.77 25.89 25.53 25.58 43.5M
Cisco Systems CSCO 28.18 28.48 28.10 28.31 39.6M
General Electric GE 38.45 38.49 37.89 37.90 39.5M
Home Depot HD 40.42 40.83 40.18 40.25 34.9M
ConocoPhillips COP 83.85 86.87 83.35 84.12 29.5M
Oracle Corp. ORCL 20.01 20.15 19.70 19.72 29.3M
AT&T Inc. T 40.33 40.40 39.48 39.50 27.4M
ExxonMobil XOM 86.95 87.97 86.32 86.50 26M
Comcast CMCSA 28.02 28.08 27.59 27.60 22.9M
JPMorgan Chase JPM 48.30 48.57 47.46 47.51 21.9M
Wells Fargo & Co. WFC 35.00 35.00 34.33 34.44 21.2M
Verizon Communications VZ 41.75 41.78 40.46 40.52 16.8M
Wal-Mart Stores WMT 48.39 48.39 47.49 47.58 16.7M
Johnson & Johnson JNJ 62.72 62.85 62.12 62.20 14.3M
Amgen AMGN 54.50 54.89 54.29 54.29 14.2M
Chevron CVX 89.00 90.21 87.81 89.00 13.9M
Abbott Laboratories ABT 53.38 53.99 52.79 52.92 13.5M
Procter & Gamble PG 61.54 61.70 61.01 61.03 12.7M
Merck MRK 49.02 49.53 48.60 48.66 12.3M
HP Inc. HPQ 45.30 45.56 44.90 44.94 12.2M
Altria MO 71.56 71.81 70.39 70.43 11.5M
Walt Disney & Co. DIS 34.17 34.59 33.85 33.89 11.1M
Bristol-Myers Squibb BMY 31.41 31.41 30.89 30.93 10.5M
Schlumberger SLB 87.95 88.57 86.85 87.27 9.35M
Amazon AMZN 71.65 71.94 70.07 70.28 8.89M
Alphabet GOOGL 543.79 547.00 541.65 543.34 7.7M
Gilead Sciences GILD 39.50 40.09 39.38 39.86 7.48M
Coca-Cola KO 52.94 52.94 52.07 52.10 7.25M
Pepsico PEP 66.05 66.55 65.84 65.87 7.15M
UnitedHealth Group UNH 51.75 52.48 51.47 51.55 7M
Boeing BA 100.60 100.66 99.63 100.25 6.68M
McDonald's MCD 50.88 51.11 50.25 50.34 6.51M
International Business Machines IBM 108.55 109.15 108.25 108.63 6.21M
United Technologies UTX 71.88 72.45 71.69 72.07 5.34M
3M MMM 87.94 88.36 87.17 87.22 3.43M
Union Pacific UNP 116.46 116.46 114.84 115.07 2.18M
Berkshire Hathaway BRK.B 3719.00 3723.00 3693.00 3704.00 9.9K
Exchange Rates of July 10, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.720 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.054 CAD 1 CAD = 0.949 USD
US Dollar Swiss Franc 1 USD = 1.202 CHF 1 CHF = 0.832 USD
US Dollar Chinese Yuan 1 USD = 7.581 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 167.330 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.678 GBP 1 GBP = 1.476 EUR
Euro Australian Dollar 1 EUR = 1.594 AUD 1 AUD = 0.627 EUR
Euro Canadian Dollar 1 EUR = 1.448 CAD 1 CAD = 0.690 EUR
Euro Swiss Franc 1 EUR = 1.652 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.405 GBP 1 GBP = 2.470 JPY
Japanese Yen Australian Dollar 1 JPY = 0.952 AUD 1 AUD = 1.050 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.865 CAD 1 CAD = 1.156 JPY
Japanese Yen Swiss Franc 1 JPY = 0.987 CHF 1 CHF = 1.013 JPY
Pound Sterling Australian Dollar 1 GBP = 2.352 AUD 1 AUD = 0.425 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.137 CAD 1 CAD = 0.468 GBP
Pound Sterling Swiss Franc 1 GBP = 2.437 CHF 1 CHF = 0.410 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.908 CAD 1 CAD = 1.101 AUD
Australian Dollar Swiss Franc 1 AUD = 1.036 CHF 1 CHF = 0.965 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.140 CHF 1 CHF = 0.877 CAD

See what else happened on July 10, 2007