Financial news on July 10th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.1828.4828.1028.3139.6M
General ElectricGE38.4538.4937.8937.9039.5M
Home DepotHD40.4240.8340.1840.2534.9M
Oracle Corp.ORCL20.0120.1519.7019.7229.3M
AT&T Inc.T40.3340.4039.4839.5027.4M
JPMorgan ChaseJPM48.3048.5747.4647.5121.9M
Wells Fargo & Co.WFC35.0035.0034.3334.4421.2M
Verizon CommunicationsVZ41.7541.7840.4640.5216.8M
Wal-Mart StoresWMT48.3948.3947.4947.5816.7M
Johnson & JohnsonJNJ62.7262.8562.1262.2014.3M
Abbott LaboratoriesABT53.3853.9952.7952.9213.5M
Procter & GamblePG61.5461.7061.0161.0312.7M
HP Inc.HPQ45.3045.5644.9044.9412.2M
Walt Disney & Co.DIS34.1734.5933.8533.8911.1M
Bristol-Myers SquibbBMY31.4131.4130.8930.9310.5M
Gilead SciencesGILD39.5040.0939.3839.867.48M
UnitedHealth GroupUNH51.7552.4851.4751.557M
International Business MachinesIBM108.55109.15108.25108.636.21M
United TechnologiesUTX71.8872.4571.6972.075.34M
Union PacificUNP116.46116.46114.84115.072.18M
Berkshire HathawayBRK.B3719.003723.003693.003704.009.9K
Exchange Rates of July 10th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.720 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.054 CAD1 CAD = 0.949 USD
US DollarSwiss Franc1 USD = 1.202 CHF1 CHF = 0.832 USD
US DollarChinese Yuan1 USD = 7.581 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 167.330 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.476 EUR
EuroAustralian Dollar1 EUR = 1.594 AUD1 AUD = 0.627 EUR
EuroCanadian Dollar1 EUR = 1.448 CAD1 CAD = 0.690 EUR
EuroSwiss Franc1 EUR = 1.652 CHF1 CHF = 0.605 EUR
Japanese YenPound Sterling1 JPY = 0.405 GBP1 GBP = 2.470 JPY
Japanese YenAustralian Dollar1 JPY = 0.952 AUD1 AUD = 1.050 JPY
Japanese YenCanadian Dollar1 JPY = 0.865 CAD1 CAD = 1.156 JPY
Japanese YenSwiss Franc1 JPY = 0.987 CHF1 CHF = 1.013 JPY
Pound SterlingAustralian Dollar1 GBP = 2.352 AUD1 AUD = 0.425 GBP
Pound SterlingCanadian Dollar1 GBP = 2.137 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.437 CHF1 CHF = 0.410 GBP
Australian DollarCanadian Dollar1 AUD = 0.908 CAD1 CAD = 1.101 AUD
Australian DollarSwiss Franc1 AUD = 1.036 CHF1 CHF = 0.965 AUD
Canadian DollarSwiss Franc1 CAD = 1.140 CHF1 CHF = 0.877 CAD

See what else happened on July 10th, 2007