Financial news on July 11th, 2007

Business and Financial news
2 Investors Discuss Partial Purchase With Dow Jones Board

Dow Jones & Company board members met with Ronald W. Burkle and Brad Greenspan, who are interested in buying a piece of the company. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Can’t Sell Your Home? Maybe It’s Priced Too Low

Even as foreclosures rise and overall sales plummet, more expensive homes have staged a bit of a comeback. Read more..

By DAVID LEONHARDT - The New York Times

China June Trade Surplus Renews Currency Pressure

The politically sensitive Chinese trade surplus surged to a record $26.9 billion in June, potentially heightening tensions with the United States. Read more..

By JOSEPH KAHN - The New York Times

China Quick to Execute Drug Official

The execution was meant to show that Beijing is serious about improving the safety of Chinese products. Read more..

By JOSEPH KAHN - The New York Times

Digital Music Group Plans to Merge With the Orchard

The merger will give the Orchard a foothold in the online video distribution business, as well as the ability to raise money in the public markets. Read more..

By ROBERT LEVINE - The New York Times

Entrepreneurship: The All in the Family Edition

What you really need to do in order to be a successful entrepreneur is have a child. (Or two.) Read more..

By PAUL B. BROWN - The New York Times

Frenchman Gets Backing for I.M.F. Post

The European Union broadly backed Dominique Strauss-Kahn as the next head of the International Monetary Fund. Yet Britain said the race remained open. Read more..

By DAN BILEFSKY - The New York Times

Grand Rapids Lays Foundations for a Health Mecca

Grand Rapids, Mich., is seeing a boom in medical research, training and patient facility construction that health executives and city officials hope will sustain its culture and economy. Read more..

By KEITH SCHNEIDER - The New York Times

Men Are From Mars, Women Are From Business

Do women, especially mothers, have advantages over men in the small-business world? Read more..

By BRENT BOWERS - The New York Times

Still (Digitally) Divided

When it comes to high-speed Internet access, the Golden State remains divided — between rural and urban dweller and between wealthy and lower-income resident, according to a study tonight by the Public Policy Institute of California, a non-profit organization. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.1428.8028.1328.7642.4M
General ElectricGE37.8038.2437.7338.2033.3M
Oracle Corp.ORCL19.7720.0019.7219.9829.8M
JPMorgan ChaseJPM47.5248.4447.1248.1327.2M
AT&T Inc.T39.5539.8539.1239.8123.4M
Home DepotHD40.2340.7640.1440.4820.8M
HP Inc.HPQ44.8045.6544.6945.6518.2M
Abbott LaboratoriesABT52.8753.3152.5353.2116.5M
Wells Fargo & Co.WFC34.4035.0034.3434.9216.3M
Verizon CommunicationsVZ40.3541.0040.0340.8014.4M
Wal-Mart StoresWMT47.7047.8947.2347.6813.7M
UnitedHealth GroupUNH51.4351.9051.1551.4113M
Procter & GamblePG61.0661.6760.8961.5612.1M
Bristol-Myers SquibbBMY30.8831.6530.8831.6211.9M
Johnson & JohnsonJNJ62.2062.9962.1562.8611.1M
Walt Disney & Co.DIS33.7634.0133.6733.989.84M
Gilead SciencesGILD39.7540.0039.4139.727.89M
International Business MachinesIBM108.30109.60108.25109.105.89M
United TechnologiesUTX72.0673.0071.9973.004.39M
Union PacificUNP114.77117.84114.71117.752.42M
Berkshire HathawayBRK.B3709.003709.003671.003690.006.1K
Exchange Rates of July 11th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122.480 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.054 CAD1 CAD = 0.948 USD
US DollarSwiss Franc1 USD = 1.206 CHF1 CHF = 0.829 USD
US DollarChinese Yuan1 USD = 7.563 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 168.360 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.479 EUR
EuroAustralian Dollar1 EUR = 1.593 AUD1 AUD = 0.628 EUR
EuroCanadian Dollar1 EUR = 1.449 CAD1 CAD = 0.690 EUR
EuroSwiss Franc1 EUR = 1.658 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.401 GBP1 GBP = 2.491 JPY
Japanese YenAustralian Dollar1 JPY = 0.946 AUD1 AUD = 1.057 JPY
Japanese YenCanadian Dollar1 JPY = 0.860 CAD1 CAD = 1.162 JPY
Japanese YenSwiss Franc1 JPY = 0.985 CHF1 CHF = 1.016 JPY
Pound SterlingAustralian Dollar1 GBP = 2.356 AUD1 AUD = 0.424 GBP
Pound SterlingCanadian Dollar1 GBP = 2.143 CAD1 CAD = 0.467 GBP
Pound SterlingSwiss Franc1 GBP = 2.451 CHF1 CHF = 0.408 GBP
Australian DollarCanadian Dollar1 AUD = 0.909 CAD1 CAD = 1.100 AUD
Australian DollarSwiss Franc1 AUD = 1.040 CHF1 CHF = 0.961 AUD
Canadian DollarSwiss Franc1 CAD = 1.144 CHF1 CHF = 0.874 CAD

See what else happened on July 11th, 2007