Financial news on May 11, 2007

Business and Financial news
$45 Million Invested in Internet TV Venture

Joost, a start-up that delivers television programming over the Internet, said that it had received $45 million in financing. Read more..

By MATT RICHTEL - The New York Times

6 Former Workers at a Day Trading Firm Are Acquitted

A federal jury in Brooklyn acquitted two former stockbrokers and four former employees of securities fraud charges in what became known as the “squawk box” case. Read more..

By JENNY ANDERSON - The New York Times

ABN Amro Executive Resigns

LONDON, May 10 — ABN Amro, the Dutch bank that is the target of one of the world’s largest takeover battles, said Thursday that Hugh Y. Scott-Barrett, its chief financial officer, had handed in his resignation, amid other departures from the bank. Read more..

By JULIA WERDIGIER - The New York Times

A Nuclear Reactor Reborn

The Tennessee Valley Authority plans to reopen its Browns Ferry 1 nuclear reactor this month, 22 years after it was shut for safety reasons. Read more..

By MATTHEW L. WALD - The New York Times

At Vonage, Sales Increase as Litigation Clouds Future

Vonage said that its quarterly loss narrowed and sales rose 64 percent amid a fierce legal battle with Verizon Communications that has left its future in question. Read more..

By LAURIE J. FLYNN - The New York Times

Bush and Democrats in Accord on Trade Deals

The agreement clears the way for early passage of some pending trade accords and improves prospects for others. Read more..

By STEVEN R. WEISMAN - The New York Times

Facebook to Offer Free Classifieds

The social networking Web site will offer ads to compete with Craigslist, MySpace and newspapers. Read more..

By BRAD STONE - The New York Times

JetBlue’s Founder Is Stepping Aside as Chief

After a difficult stretch for the airline, David Neeleman will give way to David Barger, the No. 2 executive. Read more..

By JEFF BAILEY - The New York Times

Out of Chaos, Order. Or So Google Says.

A strategy announcement by Google is less a shift than a new message — a way for the company to talk about its initiatives in a way shareholders can readily understand. Read more..

By MIGUEL HELFT - The New York Times

Panel to Look at Conflicts in Consulting

Congress is looking into potential conflicts among executive compensation consulting firms that do lucrative work for companies whose pay they help devise. Read more..

By GRETCHEN MORGENSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Amgen AMGN 54.25 56.32 53.55 56.30 53.6M
Intel INTC 22.32 22.40 22.14 22.28 46.8M
Microsoft MSFT 30.57 30.98 30.55 30.89 43.4M
Cisco Systems CSCO 26.44 26.65 26.35 26.63 39.1M
Oracle Corp. ORCL 18.60 19.04 18.52 18.98 30.9M
Johnson & Johnson JNJ 62.30 63.03 61.65 62.27 23.9M
Apple AAPL 107.74 109.13 106.78 108.74 23.3M
Pfizer PFE 26.76 27.09 26.75 27.04 23.3M
General Electric GE 36.80 37.04 36.80 36.97 20.7M
ExxonMobil XOM 79.69 81.23 79.63 81.23 18.8M
AT&T Inc. T 39.06 39.70 39.06 39.59 17.1M
Wal-Mart Stores WMT 47.84 47.91 47.41 47.78 15.9M
Comcast CMCSA 26.09 26.54 25.97 26.41 14.3M
ConocoPhillips COP 69.40 70.55 69.40 70.19 14.3M
Wells Fargo & Co. WFC 35.52 35.80 35.42 35.52 13.5M
JPMorgan Chase JPM 52.12 52.38 51.72 52.15 12.4M
Verizon Communications VZ 40.83 41.35 40.81 41.35 12.3M
Home Depot HD 39.00 39.17 38.61 38.86 12M
Altria MO 68.20 68.65 67.85 68.59 10.9M
McDonald's MCD 49.74 50.76 49.58 50.65 10.3M
HP Inc. HPQ 44.55 45.28 44.50 45.24 10.1M
Merck MRK 51.10 52.14 51.10 52.00 9.68M
Abbott Laboratories ABT 57.35 57.86 57.08 57.84 8.66M
Procter & Gamble PG 61.67 61.85 61.42 61.65 8.48M
Chevron CVX 78.73 80.13 78.50 80.04 8.43M
Amazon AMZN 60.96 61.60 60.56 61.56 7.92M
Walt Disney & Co. DIS 35.74 36.17 35.73 36.07 7.58M
UnitedHealth Group UNH 53.03 53.80 52.86 53.59 7.44M
Bristol-Myers Squibb BMY 29.81 30.25 29.57 30.24 7.11M
Schlumberger SLB 73.22 74.57 72.64 74.38 6.95M
Coca-Cola KO 52.45 52.73 52.17 52.69 6.49M
International Business Machines IBM 104.69 105.99 104.67 105.98 6.03M
Alphabet GOOGL 461.83 467.00 461.00 466.74 5.88M
3M MMM 84.78 85.85 84.78 85.55 4.11M
Gilead Sciences GILD 81.10 82.74 81.08 82.14 3.86M
Pepsico PEP 66.35 66.85 66.19 66.80 3.68M
Boeing BA 92.81 94.23 92.38 93.40 2.7M
United Technologies UTX 68.09 68.50 68.07 68.39 2.45M
Union Pacific UNP 116.70 117.23 116.51 116.90 2.4M
Berkshire Hathaway BRK.B 3636.00 3674.00 3635.50 3668.00 9.9K
Exchange Rates of May 11, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 120.180 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.111 CAD 1 CAD = 0.900 USD
US Dollar Swiss Franc 1 USD = 1.219 CHF 1 CHF = 0.820 USD
US Dollar Chinese Yuan 1 USD = 7.677 CNY 1 CNY = 0.130 USD
Euro Japanese Yen 1 EUR = 162.530 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.682 GBP 1 GBP = 1.465 EUR
Euro Australian Dollar 1 EUR = 1.626 AUD 1 AUD = 0.615 EUR
Euro Canadian Dollar 1 EUR = 1.502 CAD 1 CAD = 0.666 EUR
Euro Swiss Franc 1 EUR = 1.648 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.420 GBP 1 GBP = 2.383 JPY
Japanese Yen Australian Dollar 1 JPY = 1.000 AUD 1 AUD = 1.000 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.924 CAD 1 CAD = 1.083 JPY
Japanese Yen Swiss Franc 1 JPY = 1.014 CHF 1 CHF = 0.986 JPY
Pound Sterling Australian Dollar 1 GBP = 2.383 AUD 1 AUD = 0.420 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.200 CAD 1 CAD = 0.455 GBP
Pound Sterling Swiss Franc 1 GBP = 2.415 CHF 1 CHF = 0.414 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.923 CAD 1 CAD = 1.084 AUD
Australian Dollar Swiss Franc 1 AUD = 1.013 CHF 1 CHF = 0.987 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.097 CHF 1 CHF = 0.911 CAD

See what else happened on May 11, 2007